Ultracab (India) Limited

BSE:538706 Stock Report

Market Cap: ₹1.4b

Ultracab (India) Management

Management criteria checks 4/4

Ultracab (India)'s CEO is Nitesh Vaghasiya, appointed in Aug 2014, has a tenure of 9.75 years. directly owns 22.04% of the company’s shares, worth ₹319.27M. The average tenure of the management team and the board of directors is 6 years and 9.8 years respectively.

Key information

Nitesh Vaghasiya

Chief executive officer

₹1.8m

Total compensation

CEO salary percentagen/a
CEO tenure9.8yrs
CEO ownership22.0%
Management average tenure6yrs
Board average tenure9.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Nitesh Vaghasiya's remuneration changed compared to Ultracab (India)'s earnings?
DateTotal CompensationSalaryCompany Earnings
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 ($USD21.56K) is below average for companies of similar size in the Indian market ($USD39.30K).

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

CEO

Nitesh Vaghasiya (50 yo)

9.8yrs

Tenure

₹1,800,000

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 & MD9.8yrs₹1.80m22.04%
₹ 319.3m
Pravin Pansuriya
CFO & Accounting Head6yrs₹486.00kno data
Pankaj Shingala
Whole Time Directorno data₹600.00k5.15%
₹ 74.6m
Brinda Mehta
Company Secretary & Compliance Officerless than a yearno datano data

6.0yrs

Average Tenure

Experienced Management: 538706's management team is seasoned and experienced (6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Nitesh Vaghasiya
Chairman & MD16.4yrs₹1.80m22.04%
₹ 319.3m
Pankaj Shingala
Whole Time Director13.2yrs₹600.00k5.15%
₹ 74.6m
Bipinchandra Sangani
Non-Executive Independent Director9.8yrsno datano data
Kanjibhai Gandubhai Patel
Non-Executive Independent Director9.8yrsno datano data
Prashant Sawant
Non-Executive Independent Director4.7yrsno datano data
Aartiben Shingala
Non-Executive Non-Independent Director3.2yrsno datano data

9.8yrs

Average Tenure

53yo

Average Age

Experienced Board: 538706's board of directors are considered experienced (9.8 years average tenure).

Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlansLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & Enterprise
Financial Services GuideTerms and ConditionsPrivacy PolicyLogos provided by Clearbit
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.