Solid Stone Management
Management criteria checks 3/4
Solid Stone's CEO is Milan Khakhar, appointed in Aug 1994, has a tenure of 31.42 years. total yearly compensation is ₹4.80M, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 21.37% of the company’s shares, worth ₹32.17M. The average tenure of the management team and the board of directors is 31.4 years and 1.3 years respectively.
Key information
Milan Khakhar
Chief executive officer
₹4.8m
Total compensation
| CEO salary percentage | 100.00% |
| CEO tenure | 31.4yrs |
| CEO ownership | 21.4% |
| Management average tenure | 31.4yrs |
| Board average tenure | 1.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2025 | n/a | n/a | ₹6m |
| Jun 30 2025 | n/a | n/a | ₹8m |
| Mar 31 2025 | ₹5m | ₹5m | ₹8m |
| Dec 31 2024 | n/a | n/a | ₹9m |
| Sep 30 2024 | n/a | n/a | ₹8m |
| Jun 30 2024 | n/a | n/a | ₹6m |
| Mar 31 2024 | ₹4m | ₹4m | ₹9m |
| Dec 31 2023 | n/a | n/a | ₹9m |
| Sep 30 2023 | n/a | n/a | ₹9m |
| Jun 30 2023 | n/a | n/a | ₹11m |
| Mar 31 2023 | ₹4m | ₹4m | ₹6m |
| Dec 31 2022 | n/a | n/a | ₹4m |
| Sep 30 2022 | n/a | n/a | -₹50k |
| Jun 30 2022 | n/a | n/a | -₹4m |
| Mar 31 2022 | ₹4m | ₹4m | -₹8m |
| Dec 31 2021 | n/a | n/a | -₹2m |
| Sep 30 2021 | n/a | n/a | ₹2m |
| Jun 30 2021 | n/a | n/a | -₹7m |
| Mar 31 2021 | ₹4m | ₹4m | -₹8m |
| Dec 31 2020 | n/a | n/a | -₹12m |
| Sep 30 2020 | n/a | n/a | -₹12m |
| Jun 30 2020 | n/a | n/a | -₹522k |
| Mar 31 2020 | ₹4m | ₹4m | ₹7m |
| Dec 31 2019 | n/a | n/a | ₹8m |
| Sep 30 2019 | n/a | n/a | ₹8m |
| Jun 30 2019 | n/a | n/a | ₹7m |
| Mar 31 2019 | ₹4m | ₹4m | ₹7m |
Compensation vs Market: Milan's total compensation ($USD52.42K) is about average for companies of similar size in the Indian market ($USD45.83K).
Compensation vs Earnings: Milan's compensation has been consistent with company performance over the past year.
CEO
Milan Khakhar (63 yo)
Mr. Milan Bhagwandas Khakhar, B.Com, LLB, has been Managing Director at Solid Stone Company Limited since October 01, 1994 and serves as its Chairman. Mr. Khakhar is responsible for the day to day manageme...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Promoter Executive Chairman & MD | 31.4yrs | ₹4.80m | 21.37% ₹ 32.2m | |
| Joint MD & Executive Director | 31.4yrs | ₹4.80m | 31.97% ₹ 48.1m | |
| CFO & VP | 10.7yrs | ₹2.68m | no data | |
| Compliance Officer & Company Secretary | no data | ₹467.00k | no data | |
| Head of Business Development | no data | no data | 13% ₹ 19.6m |
Experienced Management: 513699's management team is seasoned and experienced (31.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Promoter Executive Chairman & MD | 35.7yrs | ₹4.80m | 21.37% ₹ 32.2m | |
| Joint MD & Executive Director | 35.4yrs | ₹4.80m | 31.97% ₹ 48.1m | |
| Independent Director | 1.3yrs | ₹15.00k | no data | |
| Independent Director | 1.3yrs | ₹15.00k | no data | |
| Independent Director | 1.3yrs | ₹45.00k | no data |
Experienced Board: 513699's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/01/22 01:52 |
| End of Day Share Price | 2026/01/22 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2025/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Solid Stone Company Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.