ideaForge Technology Management
Management criteria checks 3/4
ideaForge Technology's CEO is Ankit Mehta, appointed in Feb 2007, has a tenure of 17.25 years. total yearly compensation is ₹14.17M, comprised of 87.9% salary and 12.1% bonuses, including company stock and options. directly owns 8.6% of the company’s shares, worth ₹2.47B. The average tenure of the management team and the board of directors is 16.4 years and 4.2 years respectively.
Key information
Ankit Mehta
Chief executive officer
₹14.2m
Total compensation
| CEO salary percentage | 87.9% |
| CEO tenure | 17.3yrs |
| CEO ownership | 8.6% |
| Management average tenure | 16.4yrs |
| Board average tenure | 4.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | ₹291m |
| Sep 30 2023 | n/a | n/a | ₹65m |
| Jun 30 2023 | n/a | n/a | ₹96m |
| Mar 31 2023 | ₹14m | ₹12m | ₹320m |
| Dec 31 2022 | n/a | n/a | ₹698m |
| Sep 30 2022 | n/a | n/a | ₹1b |
| Jun 30 2022 | n/a | n/a | ₹956m |
| Mar 31 2022 | ₹8m | ₹7m | ₹440m |
| Mar 31 2021 | ₹4m | ₹3m | -₹146m |
| Mar 31 2020 | ₹4m | ₹4m | -₹112m |
Compensation vs Market: Ankit's total compensation ($USD169.69K) is below average for companies of similar size in the Indian market ($USD267.96K).
Compensation vs Earnings: Ankit's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Ankit Mehta (40 yo)
17.3yrs
Tenure
₹14,170,000
Compensation
Mr. Ankit Mehta is the Co-Founder and Chief Executive Officer of ideaForge Technology Limited since February 8, 2007 and December 01, 2022, respectively and has been its Director since February 8, 2007. He...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 17.3yrs | ₹14.17m | 8.6% ₹ 2.5b | |
| Co-Founder | 17.3yrs | ₹12.70m | 8.36% ₹ 2.4b | |
| Co-Founder | 17.3yrs | ₹13.01m | 7.9% ₹ 2.3b | |
| Co-Founder & CFO | 15.6yrs | ₹13.27m | 4.34% ₹ 1.2b | |
| Company Secretary & Compliance Officer | 1.4yrs | ₹330.00k | no data | |
| Vice President of Sales & Business Development | 1.4yrs | ₹17.68m | 0.68% ₹ 194.8m | |
| Senior Director of Operations | no data | no data | 0.015% ₹ 4.3m |
16.4yrs
Average Tenure
40yo
Average Age
Experienced Management: IDEAFORGE's management team is seasoned and experienced (16.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 17.3yrs | ₹14.17m | 8.6% ₹ 2.5b | |
| Co-Founder | 17.3yrs | ₹12.70m | 8.36% ₹ 2.4b | |
| Co-Founder | 17.3yrs | ₹13.01m | 7.9% ₹ 2.3b | |
| Non-Executive Nominee Director | 1.9yrs | no data | 0.94% ₹ 270.4m | |
| Independent Chairman | 1.4yrs | ₹200.00k | no data | |
| Non-Executive Nominee Director | 6.5yrs | no data | 2.13% ₹ 613.0m | |
| Independent Director | 1.4yrs | ₹400.00k | no data | |
| Independent Director | 1.4yrs | ₹200.00k | no data |
4.2yrs
Average Tenure
48.5yo
Average Age
Experienced Board: IDEAFORGE's board of directors are considered experienced (4.2 years average tenure).