Titagarh Rail Systems Management

Management criteria checks 3/4

Titagarh Rail Systems' CEO is Umesh Chowdhary, appointed in Mar 2012, has a tenure of 12.17 years. total yearly compensation is ₹25.73M, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 0.058% of the company’s shares, worth ₹84.40M. The average tenure of the management team and the board of directors is 0.8 years and 3.8 years respectively.

Key information

Umesh Chowdhary

Chief executive officer

₹25.7m

Total compensation

CEO salary percentage	100.0%
CEO tenure	12.2yrs
CEO ownership	0.06%
Management average tenure	less than a year
Board average tenure	3.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Umesh Chowdhary's remuneration changed compared to Titagarh Rail Systems's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹3b
Sep 30 2023	n/a	n/a	₹2b
Jun 30 2023	n/a	n/a	₹2b
Mar 31 2023	₹26m	₹26m	₹1b
Dec 31 2022	n/a	n/a	₹363m
Sep 30 2022	n/a	n/a	₹193m
Jun 30 2022	n/a	n/a	-₹165m
Mar 31 2022	₹24m	₹24m	₹782m
Dec 31 2021	n/a	n/a	₹254m
Sep 30 2021	n/a	n/a	₹237m
Jun 30 2021	n/a	n/a	₹227m
Mar 31 2021	₹21m	₹21m	-₹150m
Dec 31 2020	n/a	n/a	₹182m
Sep 30 2020	n/a	n/a	₹262m
Jun 30 2020	n/a	n/a	₹293m
Mar 31 2020	₹26m	₹26m	₹599m
Dec 31 2019	n/a	n/a	₹173m
Sep 30 2019	n/a	n/a	₹19m
Jun 30 2019	n/a	n/a	-₹131m
Mar 31 2019	₹26m	₹26m	₹459m
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	₹26m	-₹1b

Compensation vs Market: Umesh's total compensation ($USD308.09K) is about average for companies of similar size in the Indian market ($USD431.14K).

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

CEO

Umesh Chowdhary (49 yo)

12.2yrs

Tenure

₹25,728,000

Compensation

Mr. Umesh Chowdhary, B.Com, serves as Independent Director at West Bengal State Electricity Distribution Company Limited since 2023. He has been Managing Director and Chief Executive Officer of Titagarh Ra...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jagdish Chowdhary	Executive Chairman	24.7yrs	₹25.73m	13.57% ₹ 19.9b
Umesh Chowdhary	CEO of Passenger Rail Systems	12.2yrs	₹25.73m	0.058% ₹ 84.4m
Anil Agarwal	Deputy MD & CEO of Freight Rail Systems and Director	less than a year	₹10.50m	0.074% ₹ 108.9m
Prithish Chowdhary	Deputy CEO of Passenger Rail Systems & Whole-Time Director	less than a year	₹3.42m	no data
Saurav Singhania	CFO, Group Finance Controller & Chief Risk Officer	less than a year	no data	no data
Dinesh Arya	Company Secretary & Compliance Officer	1.2yrs	₹2.68m	0.036% ₹ 53.3m
Vinita Bajoria	Senior Vice President of Commercial	no data	₹2.27m	0.024% ₹ 34.9m
Dilip Jadeja	Chief Operating Officer of Transit & Propulsion	2.8yrs	no data	no data

0.8yrs

Average Tenure

48.5yo

Average Age

Experienced Management: 532966's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Jagdish Chowdhary	Executive Chairman	24.7yrs	₹25.73m	13.57% ₹ 19.9b
Umesh Chowdhary	CEO of Passenger Rail Systems	26.8yrs	₹25.73m	0.058% ₹ 84.4m
Anil Agarwal	Deputy MD & CEO of Freight Rail Systems and Director	5yrs	₹10.50m	0.074% ₹ 108.9m
Prithish Chowdhary	Deputy CEO of Passenger Rail Systems & Whole-Time Director	3.3yrs	₹3.42m	no data
Sushil Roongta	Additional Independent Director	3.3yrs	₹1.12m	no data
Debanjan Mandal	Independent Director	less than a year	no data	no data
Saket Kandoi	Director of Freight Rolling Stock & Director	1.2yrs	₹195.00k	0% ₹ 0
Atul Joshi	Independent Non-Executive Director	6.3yrs	₹1.42m	no data
Nayantara Palchoudhuri	Additional Independent Director	3.9yrs	₹916.67k	no data
Rashmi Chowdhary	Non-Independent Non-Executive Director	9.8yrs	₹320.00k	9.52% ₹ 14.0b
Krishan Jalan	Additional Independent Director	3.8yrs	₹916.67k	no data
B. Rao	Independent Director	less than a year	no data	no data

3.8yrs

Average Tenure

52.5yo

Average Age

Experienced Board: 532966's board of directors are considered experienced (3.8 years average tenure).

Titagarh Rail Systems Management

Management criteria checks 3/4

Key information

Recent management updates

Titagarh Rail Systems Limited Decides to Promote Shri. Saurav Singhania, Joint CFO as the Chief Financial Officer of the Company

Titagarh Rail Systems Limited, Annual General Meeting, Sep 29, 2023

High number of new directors

Insider recently sold ₹1.2m worth of stock

Titagarh Wagons Limited Appoints Anil Kumar Agarwal as Chief Business and Risk Officer

High number of new directors

Recent updates

Titagarh Rail Systems Limited to Report Q4, 2024 Results on May 15, 2024

Third quarter 2024 earnings released: EPS: ₹5.84 (vs ₹2.72 in 3Q 2023)

Titagarh Rail Systems Limited to Report Q3, 2024 Results on Feb 02, 2024

Titagarh Rail Systems Limited Decides to Promote Shri. Saurav Singhania, Joint CFO as the Chief Financial Officer of the Company

Titagarh Rail Systems Limited announced that it has received INR 6.999999507 billion in funding from Capital Research and Management Company, Norges Bank Investment Management, Templeton International, Inc., ICICI Prudential Life Insurance Company Limited, Troo Capital Ltd

Second quarter 2024 earnings: EPS exceeds analyst expectations

Investor sentiment improves as stock rises 23%

Second quarter 2024 earnings: EPS exceeds analyst expectations

Titagarh Rail Systems Limited to Report Q2, 2024 Results on Oct 18, 2023

Price target increased by 12% to ₹881

Titagarh Rail Systems Limited Approves Final Dividend for the Financial Year Ended 31 March, 2023

Upcoming dividend of ₹0.50 per share at 0.1% yield

Titagarh Rail Systems Limited, Annual General Meeting, Sep 29, 2023

Investor sentiment improves as stock rises 20%

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Investor sentiment improves as stock rises 17%

Titagarh Rail Systems Limited to Report Q1, 2024 Results on Jul 22, 2023

New minor risk - Shareholder dilution

Investor sentiment improves as stock rises 16%

Full year 2023 earnings released: EPS: ₹11.64 (vs ₹0.027 loss in FY 2022)

Titagarh Wagons Limited Recommends Dividend for the Fiscal Year 2022-23

Titagarh Wagons Limited to Report Q4, 2023 Results on May 24, 2023

High number of new directors

Third quarter 2023 earnings released: EPS: ₹2.72 (vs ₹0.12 in 3Q 2022)

Titagarh Wagons Limited to Report Q3, 2023 Results on Feb 11, 2023

Insider recently sold ₹1.2m worth of stock

Titagarh Wagons Limited Appoints Anil Kumar Agarwal as Chief Business and Risk Officer

Second quarter 2023 earnings released: EPS: ₹3.00 (vs ₹0.48 in 2Q 2022)

Price target increased to ₹191

High number of new directors

Titagarh Wagons Limited to Report Q2, 2023 Results on Nov 12, 2022

Senior Vice President of Commercial recently bought ₹2.0m worth of stock

Invitalia and Hawk Eye DMCC acquired almost 44% stake in Titagarh Firema SpA from Titagarh Wagons Limited (NSEI:TWL) for Euro14.5 million.

Titagarh Wagons Limited, Annual General Meeting, Sep 15, 2022

Titagarh Wagons Limited Appoints Prithish Chowdhary as a Whole-Time Director of the Company Designated as Director (Marketing & Business Development)

First quarter 2023 earnings released: EPS: ₹0.10 (vs ₹1.46 in 1Q 2022)

Titagarh Wagons Limited to Report Q1, 2023 Results on Aug 13, 2022

Price target increased to ₹134

Titagarh Wagons Limited Announces Resignation of Sumit Jaiswal as Company Secretary and Compliance Officer

Full year 2022 earnings released: ₹0.03 loss per share (vs ₹1.28 loss in FY 2021)

Titagarh Wagons Limited to Report Q4, 2022 Results on May 30, 2022

High number of new directors

Insider recently sold ₹511k worth of stock

Investor sentiment deteriorated over the past week

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Titagarh Wagons Limited to Report Q3, 2022 Results on Feb 10, 2022

Titagarh Wagons Limited (NSEI:TWL) acquired land and infrastructure of Precision Shipyard located in Falta, West Bengal.

Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Investor sentiment improved over the past week

Investor sentiment improved over the past week

First quarter 2022 earnings released: EPS ₹1.46 (vs ₹1.76 loss in 1Q 2021)

CFO, Director of Finance & Director recently sold ₹1.5m worth of stock

Full year 2021 earnings released: ₹1.28 loss per share (vs ₹5.18 profit in FY 2020)

Price target increased to ₹69.00

Company Secretary & Compliance Officer has left the company

Titagarh Wagons Limited Announces Executive Changes

Titagarh Wagons Limited Receives Contract from the Indian Navy

Titagarh Wagons Limited to Report Q3, 2021 Results on Jan 30, 2021

Titagarh Wagons Limited Announces Induction of Two New Members to its Board

Titagarh Wagons Limited Announces Board Changes

Investor sentiment improved over the past week

New 90-day high: ₹58.20

Titagarh Wagons Limited, Annual General Meeting, Dec 30, 2020

Market bids up stock over the past week

New 90-day high: ₹47.55

Second quarter 2021 earnings released: EPS ₹0.41

Titagarh Wagons Limited to Report Q2, 2021 Results on Nov 11, 2020

Price target raised to ₹61.00

Titagarh Wagons Limited to Report Q1, 2021 Results on Oct 14, 2020