V-Guard Industries Management

Management criteria checks 3/4

V-Guard Industries' CEO is Mithun Chittilappilly, appointed in Apr 2012, has a tenure of 12.08 years. total yearly compensation is ₹68.88M, comprised of 34.3% salary and 65.7% bonuses, including company stock and options. directly owns 24.79% of the company’s shares, worth ₹36.97B. The average tenure of the management team and the board of directors is 7.4 years and 5.7 years respectively.

Key information

Mithun Chittilappilly

Chief executive officer

₹68.9m

Total compensation

CEO salary percentage	34.3%
CEO tenure	12.1yrs
CEO ownership	24.8%
Management average tenure	7.4yrs
Board average tenure	5.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mithun Chittilappilly's remuneration changed compared to V-Guard Industries's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹2b
Sep 30 2023	n/a	n/a	₹2b
Jun 30 2023	n/a	n/a	₹2b
Mar 31 2023	₹69m	₹24m	₹2b
Dec 31 2022	n/a	n/a	₹2b
Sep 30 2022	n/a	n/a	₹2b
Jun 30 2022	n/a	n/a	₹3b
Mar 31 2022	₹65m	₹17m	₹2b
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	₹52m	₹14m	₹2b
Dec 31 2020	n/a	n/a	₹2b
Sep 30 2020	n/a	n/a	₹1b
Jun 30 2020	n/a	n/a	₹1b
Mar 31 2020	₹48m	₹14m	₹2b
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	₹42m	₹11m	₹2b
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	₹26m	₹10m	₹1b

Compensation vs Market: Mithun's total compensation ($USD825.22K) is above average for companies of similar size in the Indian market ($USD433.43K).

Compensation vs Earnings: Mithun's compensation has been consistent with company performance over the past year.

CEO

Mithun Chittilappilly (43 yo)

12.1yrs

Tenure

₹68,883,000

Compensation

Mr. Mithun K. Chittilappilly has been the Managing Director and Executive Director of V-Guard Industries Limited since April 1, 2012 and April 01, 2003 respectively. Mr. Chittilappilly served as a Director...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mithun Chittilappilly	MD & Executive Director	12.1yrs	₹68.88m	24.79% ₹ 37.0b
Sudarshan Kasturi	Senior VP & CFO	6.9yrs	₹23.04m	0.00097% ₹ 1.4m
Ramachandran Venkataraman	COO, Business Responsibility Head & Whole Time Director	7.9yrs	₹68.95m	0.37% ₹ 546.2m
Vikas Tak	Company Secretary & Compliance Officer	1.3yrs	₹615.00k	no data
Antony Joy	VP & Chief Information Officer	no data	no data	no data
Roopak Ahluwalia	Sr GM & Head of Legal	no data	no data	no data
Nandagopal Nair	Vice President of Brand & Communications	no data	no data	0.0050% ₹ 7.5m
Sumit Jha	Senior General Manager of Marketing	no data	no data	no data
Amit Jain	Assistant VP	no data	no data	0.0041% ₹ 6.1m
Arunabha Dhar	Branch Head of Pune	no data	no data	no data
Shaik Parwez	Head of Logistics & Warehousing	no data	no data	0.000020% ₹ 29.8k
Chandan Arora	Head Sales Commercial	no data	no data	no data

7.4yrs

Average Tenure

57yo

Average Age

Experienced Management: 532953's management team is seasoned and experienced (7.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Mithun Chittilappilly	MD & Executive Director	21.1yrs	₹68.88m	24.79% ₹ 37.0b
Ramachandran Venkataraman	COO, Business Responsibility Head & Whole Time Director	10.9yrs	₹68.95m	0.37% ₹ 546.2m
Antony Sebastian K.	Executive Director	less than a year	no data	no data
Kasaragod Kamath	Independent Non-Executive Director	10yrs	₹1.04m	no data
Cherian Punnoose	Independent Chairman of the Board	11.5yrs	₹2.97m	no data
Chenayappillil George	Independent Non-Executive Director	16.8yrs	₹725.00k	no data
Radha Unni	Independent Non-Executive Director	5.7yrs	₹990.00k	no data
Kochouseph Chittilappilly	Chairman Emeritus	4.1yrs	₹15.49m	18.47% ₹ 27.5b
Ishwar Subramanian	Independent Non-Executive Director	less than a year	no data	no data
Biju Varkkey	Additional Independent Director	3yrs	₹565.00k	no data
George Jacob	Independent Director	3.6yrs	₹940.00k	no data

5.7yrs

Average Tenure

63yo

Average Age

Experienced Board: 532953's board of directors are considered experienced (5.7 years average tenure).

V-Guard Industries Management

Management criteria checks 3/4

Key information

Recent management updates

High number of new directors

V-Guard Industries Limited, Annual General Meeting, Aug 24, 2023

Insider recently sold ₹248k worth of stock

Insider recently sold ₹2.5m worth of stock

Key Executive recently sold ₹2.5m worth of stock

Insider recently sold ₹346k worth of stock

Recent updates

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

V-Guard Industries Limited to Report Q3, 2024 Results on Feb 01, 2024

Second quarter 2024 earnings released: EPS: ₹1.35 (vs ₹1.01 in 2Q 2023)

V-Guard Industries Limited to Report Q2, 2024 Results on Oct 31, 2023

V-Guard Industries Limited Approves Dividend for the Financial Year 2022-23

Price target increased by 9.0% to ₹304

Upcoming dividend of ₹1.30 per share at 0.4% yield

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

V-Guard Industries Limited to Report Q1, 2024 Results on Aug 09, 2023

High number of new directors

V-Guard Industries Limited, Annual General Meeting, Aug 24, 2023

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Insider recently sold ₹248k worth of stock

Insider recently sold ₹2.5m worth of stock

Key Executive recently sold ₹2.5m worth of stock

Insider recently sold ₹346k worth of stock

Third quarter 2023 earnings released: EPS: ₹0.91 (vs ₹1.23 in 3Q 2022)

V-Guard Industries Limited Announces Executive Changes

V-Guard Industries Limited (BSE:532953) completed the acquisition of Sunflame Enterprises Private Limited.

Insider recently sold ₹1.0m worth of stock

V-Guard Industries Limited (BSE:532953) agreed to acquire Sunflame Enterprises Private Limited on INR 6.6 billion.

Insider recently sold ₹267k worth of stock

Insider recently sold ₹102m worth of stock

Second quarter 2023 earnings released: EPS: ₹1.01 (vs ₹1.38 in 2Q 2022)

V-Guard Industries Limited (BSE:532953) acquired additional 26% stake in GUTS Electro-Mech Ltd. for INR 60.2 million.

Insider recently sold ₹1.9m worth of stock

V-Guard Industries Limited Announces Retirement of Mr. B. Jayaraj as Non-Executive Director

Upcoming dividend of ₹1.30 per share

Full year 2022 earnings: EPS and revenues exceed analyst expectations

V-Guard Industries Limited to Report Fiscal Year 2023 Results on May 18, 2023

Key Executive recently sold ₹1.6m worth of stock

V-Guard Industries Limited, Annual General Meeting, Jul 28, 2022

Key Executive recently sold ₹1.1m worth of stock

Full year 2022 earnings: EPS and revenues exceed analyst expectations

V-Guard Industries Limited Recommends Final Dividend for the Financial Year 2021-22, payable on or before August 26, 2022

V-Guard Industries Limited to Report Q4, 2022 Results on May 19, 2022

Head of Logistics & Warehousing recently sold ₹1.0m worth of stock

Insider recently sold ₹213k worth of stock

Insider recently sold ₹2.0m worth of stock

Insider recently sold ₹2.2m worth of stock

Consensus forecasts updated

Third quarter 2022 earnings: EPS misses analyst expectations

Insider recently sold ₹1.0m worth of stock

V-Guard Industries Limited (BSE:532953) entered a Scheme of Amalgamation to acquire Simon Electric Private Limited (SEPL) from SIMON, SA for approximately INR 270 million.

GM - Head & Legal recently sold ₹468k worth of stock

Insider recently sold ₹280k worth of stock

Second quarter 2022 earnings released: EPS ₹1.38 (vs ₹1.20 in 2Q 2021)

Insider recently sold ₹660k worth of stock

Upcoming dividend of ₹1.20 per share

Full year 2021 earnings released: EPS ₹4.68 (vs ₹4.38 in FY 2020)

Insider recently sold ₹663k worth of stock

Insider recently sold ₹189m worth of stock

Full year 2021 earnings released: EPS ₹4.68 (vs ₹4.38 in FY 2020)

V-Guard Industries Limited Recommends Final Dividend for the Financial Year 2020-21, Payable on or Before August 27, 2021

Non-Executive Non-Independent Director has left the company

Price target increased to ₹244

Compliance Officer & Company Secretary recently sold ₹2.4m worth of stock

Analysts increase revenue estimates to ₹27.1b

Price target raised to ₹210

Third quarter 2021 earnings released: EPS ₹1.82 (vs ₹1.03 in 3Q 2020)

V-Guard Industries Limited to Report Q3, 2021 Results on Feb 03, 2021

New 90-day high: ₹236

Investor sentiment improved over the past week

Insider recently sold ₹11m worth of stock

New 90-day high: ₹205

Insider recently sold ₹1.9m worth of stock

New 90-day high: ₹197

New 90-day high: ₹179

Chief Manager of Marketing recently sold ₹345k worth of stock