Thermax Management
Management criteria checks 2/4
We currently do not have sufficient information about the CEO.
Key information
Ashish Bhandari
Chief executive officer
₹90.3m
Total compensation
| CEO salary percentage | 65.4% |
| CEO tenure | 3.6yrs |
| CEO ownership | n/a |
| Management average tenure | 3.5yrs |
| Board average tenure | 7.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | ₹6b |
| Sep 30 2023 | n/a | n/a | ₹5b |
| Jun 30 2023 | n/a | n/a | ₹5b |
| Mar 31 2023 | ₹90m | ₹59m | ₹5b |
| Dec 31 2022 | n/a | n/a | ₹4b |
| Sep 30 2022 | n/a | n/a | ₹4b |
| Jun 30 2022 | n/a | n/a | ₹3b |
| Mar 31 2022 | ₹71m | ₹52m | ₹3b |
| Dec 31 2021 | n/a | n/a | ₹3b |
| Sep 30 2021 | n/a | n/a | ₹3b |
| Jun 30 2021 | n/a | n/a | ₹3b |
| Mar 31 2021 | ₹74m | ₹56m | ₹2b |
Compensation vs Market: Ashish's total compensation ($USD1.08M) is above average for companies of similar size in the Indian market ($USD558.41K).
Compensation vs Earnings: Ashish's compensation has increased by more than 20% in the past year.
CEO
Ashish Bhandari (52 yo)
3.6yrs
Tenure
₹90,288,230
Compensation
Mr. Ashish Bhandari serves as Managing Director & Chief Executive Officer at Thermax Limited since September 1, 2020. He served as Additional Director at Thermax Limited since June 18, 2020. He served as J...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Additional Director | 3.6yrs | ₹90.29m | no data | |
| Executive VP & Group CFO | 4.8yrs | ₹17.80m | no data | |
| Company Secretary & Compliance Officer | 2.6yrs | ₹4.40m | no data | |
| Executive VP and Chief Digital & Information Officer | 1.5yrs | no data | no data | |
| Executive VP & Chief Human Resources Officer | 3.4yrs | no data | no data | |
| Executive VP & BU Head of New Energy | 13.7yrs | no data | no data | |
| President of TBWES and P&ES | 8.8yrs | no data | no data | |
| Executive VP & BU Head of Industrial Product Business | 12.3yrs | no data | no data | |
| Executive VP of Industrial Products | 4.9yrs | no data | no data | |
| Executive VP & BU Head of Chemical | 1.7yrs | no data | no data | |
| Executive VP and BU Head of P&ES | 1.7yrs | no data | no data | |
| Chief Executive Officer of First Energy Private Limited | 2.4yrs | no data | no data |
3.5yrs
Average Tenure
Experienced Management: 500411's management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Additional Director | 4yrs | ₹90.29m | no data | |
| Independent Director | 7.4yrs | ₹2.99m | no data | |
| Independent Director | 6.9yrs | ₹2.70m | no data | |
| Chairperson | 27.6yrs | ₹5.53m | no data | |
| Non-Executive Director | 23.3yrs | ₹3.42m | 0.0053% ₹ 26.2m | |
| Independent Director | 12.9yrs | ₹4.92m | 0.00017% ₹ 836.2k | |
| Independent Director | 21.3yrs | ₹2.94m | no data | |
| Independent Director | 2.4yrs | ₹1.47m | no data | |
| Independent Director | 5.4yrs | ₹2.59m | no data | |
| Additional Non-Executive Independent Director | less than a year | no data | no data |
7.2yrs
Average Tenure
61yo
Average Age
Experienced Board: 500411's board of directors are considered experienced (7.2 years average tenure).