Blue Star Management

Management criteria checks 2/4

Blue Star's CEO is Vir Advani, appointed in Apr 2016, has a tenure of 8.58 years. total yearly compensation is ₹112.42M, comprised of 12.1% salary and 87.9% bonuses, including company stock and options. directly owns 1.12% of the company’s shares, worth ₹4.23B. The average tenure of the management team and the board of directors is 2.8 years and 7.2 years respectively.

Key information

Vir Advani

Chief executive officer

₹112.4m

Total compensation

CEO salary percentage	12.1%
CEO tenure	8.6yrs
CEO ownership	1.1%
Management average tenure	2.8yrs
Board average tenure	7.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Vir Advani's remuneration changed compared to Blue Star's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	₹5b
Jun 30 2024	n/a	n/a	₹5b
Mar 31 2024	₹112m	₹14m	₹4b
Dec 31 2023	n/a	n/a	₹5b
Sep 30 2023	n/a	n/a	₹4b
Jun 30 2023	n/a	n/a	₹4b
Mar 31 2023	₹81m	₹12m	₹4b
Dec 31 2022	n/a	n/a	₹3b
Sep 30 2022	n/a	n/a	₹2b
Jun 30 2022	n/a	n/a	₹2b
Mar 31 2022	₹61m	₹10m	₹2b
Dec 31 2021	n/a	n/a	₹2b
Sep 30 2021	n/a	n/a	₹1b
Jun 30 2021	n/a	n/a	₹1b
Mar 31 2021	₹50m	₹10m	₹1b
Dec 31 2020	n/a	n/a	₹413m
Sep 30 2020	n/a	n/a	₹241m
Jun 30 2020	n/a	n/a	₹468m
Mar 31 2020	₹50m	₹10m	₹1b
Dec 31 2019	n/a	n/a	₹2b
Sep 30 2019	n/a	n/a	₹2b
Jun 30 2019	n/a	n/a	₹2b
Mar 31 2019	₹85m	₹9m	₹2b
Dec 31 2018	n/a	n/a	₹1b
Sep 30 2018	n/a	n/a	₹2b
Jun 30 2018	n/a	n/a	₹2b
Mar 31 2018	₹70m	₹8m	₹1b

Compensation vs Market: Vir's total compensation ($USD1.33M) is above average for companies of similar size in the Indian market ($USD590.32K).

Compensation vs Earnings: Vir's compensation has increased by more than 20% in the past year.

CEO

Vir Advani (48 yo)

8.6yrs

Tenure

₹112,416,000

Compensation

Mr. Vir S. Advani, B.S., B.A., has been the Managing Director of Blue Star Limited since April 1, 2016 and has been Vice Chairman since April 1, 2019. Mr. Advani served as the President of Electro Mechanic...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Vir Advani	Chairman & MD	8.6yrs	₹112.42m	1.12% ₹ 4.2b
B. Thiagarajan	MD & Executive Director	8.6yrs	₹112.42m	0.071% ₹ 267.7m
Nikhil Sohoni	Group Chief Financial Officer	2.3yrs	no data	no data
Udit Pahwa	Chief Information Officer	less than a year	no data	no data
Girish Hingorani	Vice President of Marketing (Cooling & Purification Appliances) and Corporate Communications	no data	no data	no data
V. Ashok	Chief Human Resources Officer	5.8yrs	no data	no data
Ponnada Rao	ED- Projects	5.8yrs	₹4.72m	no data
C. Haridas	Executive Vice President of Sales & Marketing	no data	no data	no data
Wilson Jebaraj	Executive Vice President - Electro-Mechanical Projects & Customer Service	2.8yrs	no data	no data
Bijal Shah	Chief Operating Officer of MedTech Solutions	no data	no data	no data
DV Kasbekar	Chief Executive Officer of Blue Star Climatech Limited	1.5yrs	no data	no data
Mohamed Abbas	Chief Operating Officer of Blue Star International FZCO	1.5yrs	no data	no data

2.8yrs

Average Tenure

60yo

Average Age

Experienced Management: 500067's management team is considered experienced (2.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Vir Advani	Chairman & MD	14.3yrs	₹112.42m	1.12% ₹ 4.2b
B. Thiagarajan	MD & Executive Director	11.5yrs	₹112.42m	0.071% ₹ 267.7m
Ponnada Rao	ED- Projects	less than a year	₹4.72m	no data
Dinesh Vaswani	Non-Executive Director	7.9yrs	₹3.22m	2.3% ₹ 8.7b
Anil Harish	Non-Executive Independent Director	7yrs	₹3.52m	no data
Anita Ramachandran	Additional Independent Director	2.4yrs	₹3.37m	no data
Suneel Advani	Chairman Emeritus	5.6yrs	₹4.45m	2.3% ₹ 8.7b
Ashok Advani	Chairman Emeritus	8yrs	₹2.19m	no data
Sam Balsara	Non-Executive Independent Director	7.4yrs	₹3.27m	0.010% ₹ 38.9m
Arvind Singhal	Non-Executive Independent Director	5.8yrs	₹3.52m	no data
Sunaina Murthy	Independent Non-Executive Director	5.6yrs	₹3.20m	1.04% ₹ 3.9b
Rajiv Lulla	Independent Non-Executive Director	7.9yrs	₹3.20m	no data

7.2yrs

Average Tenure

65yo

Average Age

Experienced Board: 500067's board of directors are considered experienced (7.2 years average tenure).

Blue Star Management

Management criteria checks 2/4

Key information

Recent management updates

Blue Star Limited Announces the Appointment of Senthil Balasubramanian as Group President - Manufacturing

Blue Star Limited, Annual General Meeting, Aug 06, 2024

Blue Star Limited Announces Resignation of Shashi Arora as President & Chief Operating Officer - Cooling & Purifications Appliances Group, Effective from April 30, 2024

Insufficient new directors

Blue Star Limited Announces Managing Director Changes

Insufficient new directors

Recent updates

Price target increased by 8.5% to ₹1,867

Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind

W.J. Towell & Co LLC Files Arbitration Proceedings Against Blue Star Limited with International Chamber of Commerce

Blue Star Limited to Report Q2, 2025 Results on Nov 06, 2024

Price target increased by 7.7% to ₹1,671

Price target increased by 7.9% to ₹1,605

Blue Star Limited Approves Final Dividend for the Financial Year Ended March 31, 2024

Full year 2024 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of ₹7.00 per share

Blue Star Limited Announces the Appointment of Senthil Balasubramanian as Group President - Manufacturing

Blue Star Limited to Report Q1, 2025 Results on Aug 06, 2024

Dividend of ₹7.00 announced

Blue Star Limited, Annual General Meeting, Aug 06, 2024

Full year 2024 earnings: EPS and revenues exceed analyst expectations

Blue Star Limited Recommends Final Dividend for the Financial Year Ended March 31, 2024

Blue Star Limited to Report Q4, 2024 Results on May 02, 2024

Blue Star Limited Announces Resignation of Shashi Arora as President & Chief Operating Officer - Cooling & Purifications Appliances Group, Effective from April 30, 2024

Insufficient new directors

Price target increased by 9.7% to ₹1,102

Price target increased by 8.2% to ₹1,046

Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Blue Star Limited Announces Managing Director Changes

Blue Star Limited to Report Q3, 2024 Results on Jan 30, 2024

Price target increased by 7.5% to ₹906

New major risk - Earnings quality

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Blue Star Limited to Report Q2, 2024 Results on Oct 30, 2023

New minor risk - Shareholder dilution

Blue Star Limited Approves Final Dividend for the Financial Year Ended March 31, 2023

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of ₹6.00 per share at 0.8% yield

Blue Star Limited to Report Q1, 2024 Results on Aug 03, 2023

Blue Star Limited Recommends Final Dividend for the Financial Year Ended March 31, 2023

Price target increased by 7.4% to ₹1,559

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Blue Star Limited Recommends Final Dividend for the Financial Year Ended March 31, 2023

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Blue Star Limited to Report Q3, 2023 Results on Jan 31, 2023

Insufficient new directors

Price target increased to ₹1,331

Price target increased to ₹1,295

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Blue Star Limited to Report Q2, 2023 Results on Nov 03, 2022

Blue Star Limited Appoints Anita Ramachandran as Independent Director

Insufficient new directors

Upcoming dividend of ₹10.00 per share

Blue Star Limited to Report Q1, 2023 Results on Aug 04, 2022

Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat

Blue Star Limited Appoints Nikhil Sohoni as the Group Chief Financial Officer, Effective July 1, 2022

Blue Star Limited, Annual General Meeting, Aug 04, 2022

Blue Star Limited Appoints Anita Ramachandran as Independent Director

Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat

Blue Star Limited Recommends Final Dividend for the Year Ended March 31, 2022

Insufficient new directors

Blue Star Limited to Report Q4, 2022 Results on May 05, 2022

Blue Star Limited Launches Deep Freezers

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Price target increased to ₹911

Second quarter 2022 earnings released: EPS ₹3.27 (vs ₹1.59 in 2Q 2021)

Upcoming dividend of ₹4.00 per share

Full year 2021 earnings released: EPS ₹10.42 (vs ₹14.88 in FY 2020)

Company Secretary & Compliance Officer Vijay Devadiga has left the company

Blue Star Limited Recommends Final Dividend

Full year 2021 earnings released: EPS ₹10.42 (vs ₹14.88 in FY 2020)

Blue Star Launches Its New Range of Mass Premium Split Air Conditioners

Insider recently sold ₹251k worth of stock

Blue Star Limited Launches New Range of Commercial Refrigeration Products and Solutions

New 90-day high: ₹826

Price target raised to ₹743