Rushil Décor Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Keyurbhai Gajjar

Chief executive officer

₹8.8m

Total compensation

CEO salary percentage	n/a
CEO tenure	19.2yrs
CEO ownership	n/a
Management average tenure	7.8yrs
Board average tenure	4.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Keyurbhai Gajjar's remuneration changed compared to Rushil Décor's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	₹431m
Dec 31 2023	n/a	n/a	₹477m
Sep 30 2023	n/a	n/a	₹465m
Jun 30 2023	n/a	n/a	₹627m
Mar 31 2023	₹9m	n/a	₹777m
Dec 31 2022	n/a	n/a	₹795m
Sep 30 2022	n/a	n/a	₹766m
Jun 30 2022	n/a	n/a	₹576m
Mar 31 2022	₹8m	n/a	₹228m
Dec 31 2021	n/a	n/a	₹126m
Sep 30 2021	n/a	n/a	₹106m
Jun 30 2021	n/a	n/a	₹98m
Mar 31 2021	₹6m	n/a	₹137m
Dec 31 2020	n/a	n/a	₹72m
Sep 30 2020	n/a	n/a	₹112m
Jun 30 2020	n/a	n/a	₹134m
Mar 31 2020	₹7m	n/a	₹230m
Dec 31 2019	n/a	n/a	₹283m
Sep 30 2019	n/a	n/a	₹210m
Jun 30 2019	n/a	n/a	₹152m
Mar 31 2019	₹6m	₹6m	₹143m
Dec 31 2018	n/a	n/a	₹195m
Sep 30 2018	n/a	n/a	₹243m
Jun 30 2018	n/a	n/a	₹297m
Mar 31 2018	₹5m	₹5m	₹309m

Compensation vs Market: Keyurbhai's total compensation ($USD105.61K) is above average for companies of similar size in the Indian market ($USD38.09K).

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

CEO

Keyurbhai Gajjar (53 yo)

19.2yrs

Tenure

₹8,808,000

Compensation

Mr. Keyurbhai Mrunal Gajjar, B.E., MBA has been the Chief Executive Officer at Rushil Decore Limited since April 1, 2005. Mr. Gajjar has extensive experience. Mr. Gajjar holds a degree of Bachelor of Engin...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Krupesh Thakkar	MD & Executive Chairman	31.1yrs	₹12.00m	25.1% ₹ 2.4b
Keyurbhai Gajjar	Chief Executive Officer	19.2yrs	₹8.81m	no data
Hiren Padhya	Chief Financial Officer	2.3yrs	₹5.49m	no data
Hasmukh Modi	Compliance Officer & Company Secretary	16.7yrs	₹2.67m	no data
Jikesh Thakkar	Senior Vice President	no data	₹3.91m	no data
Ramanikbhai Kansagara	Whole-Time Director	no data	₹3.00m	no data
Krupaben Thakkar	Senior Vice President	no data	₹5.77m	2.02% ₹ 189.0m
Rushil Thakkar	Additional & Whole Time Director	9.7yrs	₹9.60m	1.49% ₹ 139.5m
Prosanta Ghosh	Vice President	5.9yrs	₹5.33m	no data
Rahul Pareek	Manager of Marketing	18.2yrs	₹323.00k	no data
Dheer Chauhan	Vice President	5.9yrs	₹4.00m	no data

7.8yrs

Average Tenure

54yo

Average Age

Experienced Management: 533470's management team is seasoned and experienced (7.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Krupesh Thakkar	MD & Executive Chairman	31.1yrs	₹12.00m	25.1% ₹ 2.4b
Ramanikbhai Kansagara	Whole-Time Director	5.3yrs	₹3.00m	no data
Rushil Thakkar	Additional & Whole Time Director	2.8yrs	₹9.60m	1.49% ₹ 139.5m
Shankar Prasad Bhagat	Independent Non-Executive Director	14.7yrs	₹120.00k	no data
Kantilal Puj	Independent Non-Executive Director	2.8yrs	₹88.00k	no data
Shreyaben Shah	Non-Executive Woman Independent Director	1.6yrs	₹32.00k	no data

4.1yrs

Average Tenure

57.5yo

Average Age

Experienced Board: 533470's board of directors are considered experienced (4.1 years average tenure).

Rushil Décor Management

Management criteria checks 3/4

Key information

Recent management updates

Rushil Décor Limited, Annual General Meeting, Sep 25, 2023

Rushil Décor Limited, Annual General Meeting, Sep 25, 2023

Less than half of directors are independent

Less than half of directors are independent

Rushil Décor Limited, Annual General Meeting, Sep 27, 2022

Rushil Décor Limited Announces Resignation of Archee D. Thakka as Director

Recent updates

Rushil Décor Limited Recommends Final Dividend for the Financial Year 2023-24

Third quarter 2024 earnings released: EPS: ₹4.26 (vs ₹5.14 in 3Q 2023)

Rushil Décor Limited to Report Q3, 2023 Results on Jan 25, 2024

Second quarter 2024 earnings released: EPS: ₹3.88 (vs ₹13.40 in 2Q 2023)

Rushil Décor Limited to Report First Half, 2024 Results on Nov 06, 2023

Rushil Décor Limited announced that it expects to receive INR 1.2474 billion in funding from Vespera Fund Limited, Turning Leaf Asset Management Pte. Ltd., Amar Alliance Securities Private Limited, Omkara Capital Private Limited, Wow Investments, LLC

Rushil Décor Limited announced that it expects to receive INR 1.2474 billion in funding from Vespera Fund Limited, Turning Leaf Asset Management Pte. Ltd., Amar Alliance Securities Private Limited, Omkara Capital Private Limited, Wow Investments, LLC

New minor risk - Share price stability

Investor sentiment improves as stock rises 21%

Upcoming dividend of ₹0.50 per share at 0.2% yield

Rushil Décor Limited, Annual General Meeting, Sep 25, 2023

Rushil Décor Limited, Annual General Meeting, Sep 25, 2023

First quarter 2024 earnings released: EPS: ₹5.31 (vs ₹13.66 in 1Q 2023)

Rushil Décor Limited to Report Q1, 2024 Results on Aug 09, 2023

Investor sentiment improves as stock rises 25%

Rushil Décor Limited has completed a Follow-on Equity Offering in the amount of INR 1.074938 billion.

Full year 2023 earnings released: EPS: ₹39.02 (vs ₹11.46 in FY 2022)

Rushil Décor Limited Recommends Payment of Final Dividend

Investor sentiment improves as stock rises 15%

Investor sentiment improves as stock rises 21%

Investor sentiment deteriorates as stock falls 16%

Third quarter 2023 earnings released: EPS: ₹5.14 (vs ₹3.66 in 3Q 2022)

Rushil Décor Limited to Report Q3, 2023 Results on Feb 12, 2023

Investor sentiment deteriorates as stock falls 16%

Investor sentiment improved over the past week

Less than half of directors are independent

Second quarter 2023 earnings released: EPS: ₹13.40 (vs ₹3.86 in 2Q 2022)

Investor sentiment deteriorated over the past week

Rushil Décor Limited Approves Final Dividend for the Financial Year Ended 31 March 2022

Upcoming dividend of ₹0.50 per share

Less than half of directors are independent

Rushil Décor Limited, Annual General Meeting, Sep 27, 2022

Rushil Décor Limited Announces Resignation of Archee D. Thakka as Director

Investor sentiment improved over the past week

First quarter 2023 earnings released: EPS: ₹13.66 (vs ₹3.81 loss in 1Q 2022)

Rushil Décor Limited to Report Q1, 2023 Results on Aug 06, 2022

Investor sentiment improved over the past week

Rushil Décor Limited Recommends Final Dividend for the Year Ended March 31, 2022

Full year 2022 earnings released: EPS: ₹11.45 (vs ₹8.11 in FY 2021)

Rushil Décor Limited to Report Fiscal Year 2022 Results on May 24, 2022

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS ₹3.86 (vs ₹4.57 in 2Q 2021)

Investor sentiment improved over the past week

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new and inexperienced directors

Upcoming dividend of ₹0.50 per share

Executive Chairman Ghanshyambhai Thakkar has left the company

First quarter 2022 earnings released: ₹3.81 loss per share (vs ₹2.43 loss in 1Q 2021)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Executive Chairman recently sold ₹175m worth of stock

Full year 2021 earnings released: EPS ₹8.11 (vs ₹15.44 in FY 2020)

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

New 90-day high: ₹195

Third quarter 2021 earnings released: EPS ₹3.48 (vs ₹6.26 in 3Q 2020)

Rushil Décor Limited to Report Q3, 2021 Results on Feb 12, 2021

Rushil Décor Limited, Annual General Meeting, Dec 18, 2020

Rushil Décor Limited Announces Update about the New Thin & Thick MDF Board Project at Atchutapuram, Dist. Visakhapatnam, State Andhra Pradesh

First half earnings released

Market bids up stock over the past week

New 90-day low - ₹84.20

First quarter earnings released

Rushil Décor Limited to Report Q1, 2021 Results on Aug 31, 2020