NITCO Management

Management criteria checks 0/4

NITCO's CEO is Vivek Talwar, appointed in Jul 2020, has a tenure of 3.83 years. directly owns 8.84% of the company’s shares, worth ₹441.71M. The average tenure of the management team and the board of directors is 1.8 years and 1.5 years respectively.

Key information

Vivek Talwar

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	3.8yrs
CEO ownership	8.8%
Management average tenure	1.8yrs
Board average tenure	1.5yrs

Recent management updates

Recent updates

CEO

Vivek Talwar (67 yo)

3.8yrs

Tenure

Mr. Vivek Prannath Talwar has been the Chairman of Nitco Limited since February 12, 2014 and its Managing Director since April 1, 2011. Mr. Talwar has rich experience in the tile industry. He has operation...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Vivek Talwar	Chairman & MD	3.8yrs	no data	8.84% ₹ 441.7m
Sitanshu Satapathy	Chief Financial Officer	less than a year	no data	no data
Geeta Karira	Company Secretary & Compliance Officer	1.8yrs	no data	no data
N. Naik	President of HRD	no data	no data	no data

1.8yrs

Average Tenure

Experienced Management: NITCO's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Vivek Talwar	Chairman & MD	44.3yrs	no data	8.84% ₹ 441.7m
Ajaybir Singh Jasbir Bakshi	Independent Director	1.6yrs	₹145.00k	no data
Poonam Talwar	Non-Executive Director	1.6yrs	₹105.00k	0.17% ₹ 8.3m
Harsh Kedia	Independent Director	1.5yrs	₹135.00k	no data
Priyanka Agarwal	Independent Director	1.5yrs	₹135.00k	no data
Santosh Shet	Independent Director	1.5yrs	₹110.00k	no data

1.5yrs

Average Tenure

Experienced Board: NITCO's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.

NITCO Management

Management criteria checks 0/4

Key information

Recent management updates

NITCO Limited, Annual General Meeting, Sep 25, 2023

NITCO Limited Appoints Sitanshu Satapathy as Chief Financial Officer

High number of new and inexperienced directors

NITCO Limited Appoints Anjani Kumar Sharma as A Chief Financial Officer

Less than half of directors are independent

NITCO Limited Announces Executive Changes

Recent updates

NITCO Limited to Report Q3, 2024 Results on Feb 12, 2024

NITCO Limited to Report Q2, 2024 Results on Nov 09, 2023

New major risk - Share price stability

NITCO Limited, Annual General Meeting, Sep 25, 2023

First quarter 2024 earnings released: ₹4.56 loss per share (vs ₹5.31 loss in 1Q 2023)

NITCO Limited Appoints Sitanshu Satapathy as Chief Financial Officer

NITCO Limited to Report Q1, 2024 Results on Aug 12, 2023

New minor risk - Share price stability

Full year 2023 earnings released: ₹21.05 loss per share (vs ₹17.55 loss in FY 2022)

NITCO Limited to Report Q4, 2023 Results on May 30, 2023

Third quarter 2023 earnings released: ₹4.80 loss per share (vs ₹4.14 loss in 3Q 2022)

NITCO Limited to Report Q3, 2023 Results on Feb 13, 2023

High number of new and inexperienced directors

NITCO Limited Appoints Anjani Kumar Sharma as A Chief Financial Officer

Second quarter 2023 earnings released: ₹5.06 loss per share (vs ₹3.79 loss in 2Q 2022)

NITCO Limited to Report Q2, 2023 Results on Nov 22, 2022

Less than half of directors are independent

NITCO Limited Announces Executive Changes

NITCO Limited Announces Director Appointments

NITCO Limited Announces Resignation of Shirish Suvagia, Chief Financial Officer

NITCO Limited Announces Resignation of Bharti Dhar as Independent Non-Executive Director

NITCO Limited Announces Change in Directorate

NITCO Limited, Annual General Meeting, Sep 30, 2022

Less than half of directors are independent

NITCO Limited Announces Resignation of Prakash Iyer, Additional Independent Non-Executive Director

First quarter 2023 earnings released: ₹5.31 loss per share (vs ₹4.44 loss in 1Q 2022)

NITCO Limited to Report Q1, 2023 Results on Aug 08, 2022

NITCO Limited Appoints Ms. Geeta Karira as Company Secretary, Compliance Officer and Key Managerial Personnel, with Effect from July 14, 2022

Full year 2022 earnings released: ₹17.50 loss per share (vs ₹18.18 loss in FY 2021)

NITCO Limited to Report Q4, 2022 Results on May 26, 2022

NITCO Limited Announces Appoints Mr. Shirish Suvagia as Chief Financial Officer

Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

NITCO Limited to Report Q3, 2022 Results on Feb 09, 2022

Less than half of directors are independent

NITCO Limited Announces the Launch of Its New Tile Collection GIBRALTOR

First quarter 2022 earnings released: ₹4.44 loss per share (vs ₹4.84 loss in 1Q 2021)

Non-Executive & Independent Director Siddharth Kothari has left the company

Full year 2021 earnings released

New 90-day low: ₹22.15

Third quarter 2021 earnings released: ₹3.12 loss per share (vs ₹3.83 loss in 3Q 2020)

NITCO Limited to Report Q3, 2020 Results on Feb 11, 2021

New 90-day high: ₹28.20

Should You Take Comfort From Insider Transactions At NITCO Limited (NSE:NITCO)?

New 90-day high: ₹21.70

NITCO Forays into US Tile Market

Ashwin Babu Patel, Viral Chuni Ghodasara and Shekhar Rati Adroja singed agreement to acquire unknown majority stake in New Vardhman Vitrified Private Limited from NITCO Limited (BSE:532722) for INR 27.5 million.

Poonam Talwar Just Bought 8.5% More Shares In NITCO Limited (NSE:NITCO)

Insider recently bought ₹200k worth of stock

Does NITCO (NSE:NITCO) Have A Healthy Balance Sheet?

First quarter earnings released

New 90-day high - ₹20.10

CEO

Tenure

Leadership Team

Average Tenure

Board Members

Average Tenure