Blue Star Management
Management criteria checks 2/4
Blue Star's CEO is Vir Advani, appointed in Apr 2016, has a tenure of 8.08 years. total yearly compensation is ₹81.23M, comprised of 14.8% salary and 85.2% bonuses, including company stock and options. directly owns 1.09% of the company’s shares, worth ₹3.36B. The average tenure of the management team and the board of directors is 5.3 years and 6.7 years respectively.
Key information
Vir Advani
Chief executive officer
₹81.2m
Total compensation
| CEO salary percentage | 14.8% |
| CEO tenure | 8.1yrs |
| CEO ownership | 1.1% |
| Management average tenure | 5.3yrs |
| Board average tenure | 6.7yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 ($USD973.14K) is above average for companies of similar size in the Indian market ($USD566.27K).
Compensation vs Earnings: Vir's compensation has increased by more than 20% in the past year.
CEO
Vir Advani (47 yo)
8.1yrs
Tenure
₹81,230,000
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 |
|---|---|---|---|---|
| Chairman & MD | 8.1yrs | ₹81.23m | 1.09% ₹ 3.4b | |
| MD & Executive Director | 8.1yrs | ₹81.23m | no data | |
| Group Chief Financial Officer | 1.8yrs | no data | no data | |
| Chief Information Officer | 7.8yrs | no data | no data | |
| Senior GM | 2.6yrs | no data | no data | |
| Head of Corporate Communications | no data | no data | no data | |
| Chief Human Resources Officer | 5.3yrs | no data | no data | |
| President & COO of Electro-Mechanical Projects and Air Conditioning Solutions Group | 5.3yrs | ₹4.72m | no data | |
| Executive Vice President of Sales & Marketing - Cooling and Purification Appliances Group | no data | no data | no data | |
| Executive Vice President - Electro-Mechanical Projects & Customer Service | 2.3yrs | no data | no data | |
| President & Chief Operating Officer of Cooling & Purifications Appliances Group (CPAG) | 2.3yrs | no data | no data | |
| Chief Operating Officer of Blue Star Engineering & Electronics Limited - MedTech Solutions | no data | no data | no data |
5.3yrs
Average Tenure
58.5yo
Average Age
Experienced Management: 500067's management team is seasoned and experienced (5.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 13.8yrs | ₹81.23m | 1.09% ₹ 3.4b | |
| MD & Executive Director | 11yrs | ₹81.23m | no data | |
| CEO and Whole Time Director of Blue Star Engineering & Electronics Ltd | 1.4yrs | no data | no data | |
| Independent Non-Executive Director | 7.4yrs | ₹2.81m | 2.26% ₹ 7.0b | |
| Non-Executive Independent Director | 6.5yrs | ₹3.46m | no data | |
| Additional Independent Director | 1.9yrs | ₹2.38m | no data | |
| Chairman Emeritus | 5.1yrs | ₹4.45m | 2.3% ₹ 7.1b | |
| Chairman Emeritus | 7.5yrs | ₹2.19m | no data | |
| Non-Executive Independent Director | 6.9yrs | ₹3.06m | no data | |
| Non-Executive Independent Director | 5.3yrs | ₹3.56m | no data | |
| Independent Non-Executive Director | 5.1yrs | ₹2.93m | 1.04% ₹ 3.2b | |
| Independent Non-Executive Director | 7.4yrs | ₹3.06m | no data |
6.7yrs
Average Tenure
64.5yo
Average Age
Experienced Board: 500067's board of directors are considered experienced (6.7 years average tenure).