Solid Stone Management
Management criteria checks 4/4
Solid Stone's CEO is Milan Khakhar, appointed in Aug 1994, has a tenure of 30.08 years. total yearly compensation is ₹4.20M, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 21.37% of the company’s shares, worth ₹39.64M. The average tenure of the management team and the board of directors is 30.1 years and 27 years respectively.
Key information
Milan Khakhar
Chief executive officer
₹4.2m
Total compensation
| CEO salary percentage | 100.0% |
| CEO tenure | 30.1yrs |
| CEO ownership | 21.4% |
| Management average tenure | 30.1yrs |
| Board average tenure | 27yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 |
| Mar 31 2018 | ₹4m | ₹4m | ₹12m |
Compensation vs Market: Milan's total compensation ($USD50.34K) is about average for companies of similar size in the Indian market ($USD40.33K).
Compensation vs Earnings: Milan's compensation has been consistent with company performance over the past year.
CEO
Milan Khakhar (62 yo)
30.1yrs
Tenure
₹4,202,400
Compensation
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 | 30.1yrs | ₹4.20m | 21.37% ₹ 39.6m | |
| Joint MD & Executive Director | 30.1yrs | ₹4.20m | 31.97% ₹ 59.3m | |
| CFO & VP | 9.3yrs | ₹2.10m | no data | |
| Compliance Officer & Company Secretary | no data | ₹452.00k | no data | |
| Head of Business Development | no data | no data | 13% ₹ 24.1m |
30.1yrs
Average Tenure
61yo
Average Age
Experienced Management: 513699's management team is seasoned and experienced (30.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Promoter Executive Chairman & MD | 34.3yrs | ₹4.20m | 21.37% ₹ 39.6m | |
| Joint MD & Executive Director | 34.1yrs | ₹4.20m | 31.97% ₹ 59.3m | |
| Non-Executive Independent Director | 21.7yrs | no data | 0.016% ₹ 29.0k | |
| Non-Executive Independent Director | 27yrs | no data | 0.85% ₹ 1.6m | |
| Non-Executive Independent Director | 10.3yrs | no data | 0.60% ₹ 1.1m |
27.0yrs
Average Tenure
60.5yo
Average Age
Experienced Board: 513699's board of directors are seasoned and experienced ( 27 years average tenure).