Silkflex Polymers (India) Management
Management criteria checks 1/4
Silkflex Polymers (India)'s CEO is Tushar Lalit Sanghavi, appointed in Dec 2023, has a tenure of less than a year. total yearly compensation is ₹3.60M, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 65.27% of the company’s shares, worth ₹442.79M. The average tenure of the management team and the board of directors is 0.5 years and 1.6 years respectively.
Key information
Tushar Lalit Sanghavi
Chief executive officer
₹3.6m
Total compensation
| CEO salary percentage | 100.0% |
| CEO tenure | less than a year |
| CEO ownership | 65.3% |
| Management average tenure | less than a year |
| Board average tenure | 1.6yrs |
Recent management updates
No updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | ₹39m |
| Mar 31 2023 | ₹4m | ₹4m | ₹8m |
| Mar 31 2022 | ₹3m | n/a | ₹7m |
| Mar 31 2021 | ₹2m | n/a | ₹5m |
Compensation vs Market: Tushar Lalit's total compensation ($USD43.14K) is about average for companies of similar size in the Indian market ($USD38.02K).
Compensation vs Earnings: Tushar Lalit's compensation has increased by more than 20% in the past year.
CEO
Tushar Lalit Sanghavi (58 yo)
less than a year
Tenure
₹3,600,000
Compensation
Mr. Tushar Lalit Kumar Sanghavi has been the Chairman and Managing Director of Silkflex Polymers (India) Limited since December 23, 2023 and has been its Director since May 13, 2016. He has been instrument...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | less than a year | ₹3.60m | 65.27% ₹ 442.8m | |
| CFO & Whole Time Director | less than a year | ₹600.00k | 0.42% ₹ 2.8m | |
| Company Secretary & Compliance Officer | less than a year | no data | no data |
0.5yrs
Average Tenure
32yo
Average Age
Experienced Management: SILKFLEX's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 8.1yrs | ₹3.60m | 65.27% ₹ 442.8m | |
| CFO & Whole Time Director | 3.5yrs | ₹600.00k | 0.42% ₹ 2.8m | |
| Non-Executive Non-Independent Director | 1.1yrs | no data | 0.00086% ₹ 5.8k | |
| Non-Executive Non-Independent Director | 2.1yrs | ₹700.00k | 0.11% ₹ 759.8k | |
| Non-Executive Independent Director | less than a year | no data | no data | |
| Non-Executive Independent Director | less than a year | no data | no data |
1.6yrs
Average Tenure
47yo
Average Age
Experienced Board: SILKFLEX's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.