Ultracab (India) Limited

BSE:538706 Stock Report

Market Cap: ₹1.5b

Ultracab (India) Management

Management criteria checks 3/4

Ultracab (India)'s CEO is Nitesh Vaghasiya, appointed in Aug 2014, has a tenure of 10.25 years. directly owns 19.01% of the company’s shares, worth ₹295.34M. The average tenure of the management team and the board of directors is 6.5 years and 4.4 years respectively.

Key information

Nitesh Vaghasiya

Chief executive officer

₹2.4m

Total compensation

CEO salary percentagen/a
CEO tenure10.3yrs
CEO ownership19.0%
Management average tenure6.5yrs
Board average tenure4.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Nitesh Vaghasiya's remuneration changed compared to Ultracab (India)'s earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2024n/an/a

₹71m

Mar 31 2024₹2mn/a

₹60m

Dec 31 2023n/an/a

₹59m

Sep 30 2023n/an/a

₹59m

Jun 30 2023n/an/a

₹58m

Mar 31 2023₹2mn/a

₹58m

Dec 31 2022n/an/a

₹52m

Sep 30 2022n/an/a

₹44m

Jun 30 2022n/an/a

₹37m

Mar 31 2022₹2mn/a

₹31m

Dec 31 2021n/an/a

₹28m

Sep 30 2021n/an/a

₹25m

Jun 30 2021n/an/a

₹23m

Mar 31 2021₹2mn/a

₹20m

Dec 31 2020n/an/a

₹17m

Sep 30 2020n/an/a

₹13m

Jun 30 2020n/an/a

₹11m

Mar 31 2020₹2mn/a

₹10m

Dec 31 2019n/an/a

₹10m

Sep 30 2019n/an/a

₹12m

Jun 30 2019n/an/a

₹12m

Mar 31 2019n/an/a

₹12m

Dec 31 2018n/an/a

₹10m

Sep 30 2018n/an/a

₹9m

Jun 30 2018n/an/a

₹9m

Mar 31 2018₹1m₹1m

₹8m

Compensation vs Market: Nitesh's total compensation ($USD28.54K) is below average for companies of similar size in the Indian market ($USD42.81K).

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

CEO

Nitesh Vaghasiya (51 yo)

10.3yrs

Tenure

₹2,400,000

Compensation

Mr. Nitesh Parshottambhai Vaghasiya has been the Managing Director and Chairman of Ultracab (India) Limited since August 2014. Mr. Vaghasiya has extensive experience in the field of engineering. He is the...

Leadership Team

NamePositionTenureCompensationOwnership
Nitesh Vaghasiya
Chairman & MD10.3yrs₹2.40m19.01%
₹ 287.7m
Pravin Pansuriya
CFO & Accounting Head6.5yrs₹534.00kno data
Brinda Mehta
Company Secretary & Compliance Officer1.2yrs₹112.00kno data
Pankaj Shingala
Whole Time Directorno data₹900.00k3.88%
₹ 58.8m

6.5yrs

Average Tenure

Experienced Management: 538706's management team is seasoned and experienced (6.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Nitesh Vaghasiya
Chairman & MD16.9yrs₹2.40m19.01%
₹ 287.7m
Pankaj Shingala
Whole Time Director13.7yrs₹900.00k3.88%
₹ 58.8m
Bipinchandra Sangani
Non-Executive Independent Director10.3yrsno datano data
Prashant Sawant
Non-Executive Independent Director5.2yrsno datano data
Aartiben Shingala
Non-Executive Non-Independent Director3.7yrsno datano data
Viralben Dave
Independent Directorless than a yearno datano data
Vipul Patel
Independent Directorless than a yearno datano data
Satish Kalkani
Independent Directorless than a yearno datano data

4.4yrs

Average Tenure

46yo

Average Age

Experienced Board: 538706's board of directors are considered experienced (4.4 years average tenure).