APAR Industries Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Kushal Desai

Chief executive officer

₹103.5m

Total compensation

CEO salary percentage	18.7%
CEO tenure	25.2yrs
CEO ownership	23.3%
Management average tenure	9.3yrs
Board average tenure	8.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Kushal Desai's remuneration changed compared to APAR Industries's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹8b
Sep 30 2023	n/a	n/a	₹8b
Jun 30 2023	n/a	n/a	₹7b
Mar 31 2023	₹103m	₹19m	₹6b
Dec 31 2022	n/a	n/a	₹5b
Sep 30 2022	n/a	n/a	₹4b
Jun 30 2022	n/a	n/a	₹3b
Mar 31 2022	₹48m	₹8m	₹3b
Dec 31 2021	n/a	n/a	₹2b
Sep 30 2021	n/a	n/a	₹2b
Jun 30 2021	n/a	n/a	₹2b
Mar 31 2021	₹22m	₹1k	₹2b
Dec 31 2020	n/a	n/a	₹1b
Sep 30 2020	n/a	n/a	₹904m
Jun 30 2020	n/a	n/a	₹708m
Mar 31 2020	₹33m	₹15m	₹1b
Dec 31 2019	n/a	n/a	₹2b
Sep 30 2019	n/a	n/a	₹2b
Jun 30 2019	n/a	n/a	₹1b
Mar 31 2019	₹36m	₹13m	₹1b
Dec 31 2018	n/a	n/a	₹1b
Sep 30 2018	n/a	n/a	₹1b
Jun 30 2018	n/a	n/a	₹1b
Mar 31 2018	₹35m	₹12m	₹1b

Compensation vs Market: Kushal's total compensation ($USD1.24M) is above average for companies of similar size in the Indian market ($USD562.25K).

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

CEO

Kushal Desai (56 yo)

25.2yrs

Tenure

₹103,498,742

Compensation

Mr. Kushal Narendra Desai has been Chairman of the Board of Apar Industries Limited since November 8, 2016 and serves as its Managing Director and Chief Executive Officer. He is the Co-owner of Desai Famil...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Kushal Desai	Chairman of the Board	no data	₹103.50m	23.26% ₹ 74.4b
Chaitanya Desai	MD & Director	9.3yrs	₹103.96m	22.71% ₹ 72.7b
Ramesh Iyer	Chief Financial Officer	2.3yrs	no data	no data
Sanjay Kumar	Vice President of HR & Administration	no data	no data	no data
Sanjaya Kunder	Compliance Officer & Company Secretary	16.9yrs	no data	no data
Bhavna Valkhi	Deputy Manager of Sales & Marketing	no data	no data	no data
Suyash Saraogi	President of Strategy & Projects	no data	₹140.00k	no data

9.3yrs

Average Tenure

56yo

Average Age

Experienced Management: 532259's management team is seasoned and experienced (9.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Kushal Desai	Chairman of the Board	25.2yrs	₹103.50m	23.26% ₹ 74.4b
Chaitanya Desai	MD & Director	31yrs	₹103.96m	22.71% ₹ 72.7b
Kaushal Sampat	Additional Independent Non-Executive Director	2.3yrs	₹300.00k	no data
Rajesh Sehgal	Non-Executive & Independent Director	7.1yrs	₹412.50k	0.010% ₹ 31.9m
Nina Kapasi	Non-Executive & Independent Director	10yrs	₹412.50k	0.0025% ₹ 8.0m
Rishabh Desai	Non-Executive & Non Independent Director	5yrs	₹225.00k	0.11% ₹ 337.8m

8.5yrs

Average Tenure

52yo

Average Age

Experienced Board: 532259's board of directors are considered experienced (8.5 years average tenure).

APAR Industries Management

Management criteria checks 2/4

Key information

Recent management updates

APAR Industries Limited Announces Cessation of Nina Kapasi as Independent Director (Non- Executive), Chairperson of Audit Committee and Member of Corporate Social Responsibility Committee, Nomination and Compensation Cum Remuneration Committee and Risk Management Committee, Effective May 29, 2024

Insider recently sold ₹10m worth of stock

Apar Industries Limited, Annual General Meeting, Aug 11, 2023

Insider recently sold ₹1.2m worth of stock

Apar Industries Limited Announces Resignation of Fatehchand. B. Virani as Director

Apar Industries Limited Announces Resignation of Fatehchand B. Virani as Independent Director (Non-Executive)

Recent updates

APAR Industries Limited to Report Q4, 2024 Results on May 14, 2024

APAR Industries Limited Announces Cessation of Nina Kapasi as Independent Director (Non- Executive), Chairperson of Audit Committee and Member of Corporate Social Responsibility Committee, Nomination and Compensation Cum Remuneration Committee and Risk Management Committee, Effective May 29, 2024

Investor sentiment improves as stock rises 17%

Price target increased by 7.6% to ₹5,328

APAR Industries Limited to Report Q3, 2024 Results on Jan 30, 2024

Insider recently sold ₹10m worth of stock

New minor risk - Shareholder dilution

APAR Industries Limited has completed a Follow-on Equity Offering in the amount of INR 10 billion.

APAR Industries Limited has filed a Follow-on Equity Offering in the amount of INR 10 billion.

APAR Industries Limited has filed a Follow-on Equity Offering in the amount of INR 10 billion.

Second quarter 2024 earnings released: EPS: ₹45.44 (vs ₹26.82 in 2Q 2023)

APAR Industries Limited to Report Q2, 2024 Results on Oct 26, 2023

Price target increased by 21% to ₹3,838

Investor sentiment improves as stock rises 18%

APAR Industries Limited Declares Dividend for the Financial Year 2022-23

Upcoming dividend of ₹40.00 per share at 1.0% yield

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Apar Industries Limited, Annual General Meeting, Aug 11, 2023

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Apar Industries Limited Recommends Dividend for the Financial Year 2022-23

Investor sentiment improves as stock rises 19%

Insider recently sold ₹1.2m worth of stock

Investor sentiment improves as stock rises 32%

Third quarter 2023 earnings released: EPS: ₹44.40 (vs ₹14.36 in 3Q 2022)

Apar Industries Limited to Report Q3, 2023 Results on Jan 31, 2023

Price target increased to ₹1,834

Second quarter 2023 earnings released: EPS: ₹26.82 (vs ₹14.86 in 2Q 2022)

Apar Industries Limited Announces Resignation of Fatehchand. B. Virani as Director

Apar Industries Limited to Report Q2, 2023 Results on Nov 03, 2022

Investor sentiment improved over the past week

Apar Industries Limited Announces Resignation of Fatehchand B. Virani as Independent Director (Non-Executive)

Investor sentiment improved over the past week

Consensus revenue estimates increase by 10%

Price target increased to ₹999

Upcoming dividend of ₹15.00 per share

Apar Industries Limited to Report Q1, 2023 Results on Jul 28, 2022

Full year 2022 earnings: Revenues exceed analyst expectations

Apar Industries Limited, Annual General Meeting, Aug 12, 2022

Investor sentiment improved over the past week

MD & Director recently bought ₹21m worth of stock

Insufficient new directors

Apar Industries Limited Recommends Dividend for the Financial Year 2021-22

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Apar Industries Limited to Report Fiscal Year 2022 Results on May 27, 2022

MD & Director recently bought ₹6.2m worth of stock

MD & Director recently bought ₹5.3m worth of stock

MD & Director recently bought ₹4.9m worth of stock

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Second quarter 2022 earnings released: EPS ₹14.86 (vs ₹13.98 in 2Q 2021)

Non-Executive & Independent Director recently sold ₹1.3m worth of stock

Consensus EPS estimates increase to ₹61.60

Upcoming dividend of ₹9.50 per share

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS ₹41.94 (vs ₹35.32 in FY 2020)

Consensus forecasts updated

Full year 2021 earnings released: EPS ₹41.94 (vs ₹35.32 in FY 2020)

Apar Industries Limited Recommends Dividend for the Year Ended March 31, 2021

Investor sentiment improved over the past week

New 90-day high: ₹474

Apar Industries Limited to Report First Half, 2021 Results on Aug 05, 2021

Chairman of the Board recently bought ₹60m worth of stock

Investor sentiment improved over the past week

New 90-day high: ₹390

Third quarter 2021 earnings released: EPS ₹21.55 (vs ₹9.58 in 3Q 2020)

Apar Industries Limited to Report Q3, 2021 Results on Feb 04, 2021

New 90-day high: ₹390

Second quarter 2021 earnings released: EPS ₹13.98

New 90-day low: ₹287

New 90-day low: ₹288