Thermax Management
Management criteria checks 2/4
We currently do not have sufficient information about the CEO.
Key information
Ashish Bhandari
Chief executive officer
₹90.3m
Total compensation
| CEO salary percentage | 65.4% |
| CEO tenure | 3.7yrs |
| CEO ownership | n/a |
| Management average tenure | 3.6yrs |
| Board average tenure | 7.3yrs |
Recent management updates
Recent updates
Thermax (NSE:THERMAX) Has Some Way To Go To Become A Multi-Bagger
May 03
Revenues Tell The Story For Thermax Limited (NSE:THERMAX) As Its Stock Soars 26%
Apr 06Does Thermax (NSE:THERMAX) Have A Healthy Balance Sheet?
Mar 24Thermax Limited's (NSE:THERMAX) Share Price Matching Investor Opinion
Jan 08Thermax (NSE:THERMAX) Seems To Use Debt Quite Sensibly
Dec 17Here's What To Make Of Thermax's (NSE:THERMAX) Decelerating Rates Of Return
Nov 26These 4 Measures Indicate That Thermax (NSE:THERMAX) Is Using Debt Safely
Sep 14Here's What To Make Of Thermax's (NSE:THERMAX) Decelerating Rates Of Return
Aug 19We Think Thermax (NSE:THERMAX) Can Manage Its Debt With Ease
May 19Returns On Capital At Thermax (NSE:THERMAX) Have Hit The Brakes
Feb 19Thermax (NSE:THERMAX) Could Easily Take On More Debt
Jan 02Returns On Capital At Thermax (NSE:THERMAX) Paint A Concerning Picture
Nov 09Capital Allocation Trends At Thermax (NSE:THERMAX) Aren't Ideal
Aug 11Thermax's (NSE:THERMAX) Upcoming Dividend Will Be Larger Than Last Year's
Jul 14Is Thermax (NSE:THERMAX) A Risky Investment?
Jul 03Thermax (NSE:THERMAX) Hasn't Managed To Accelerate Its Returns
Apr 28Thermax (NSE:THERMAX) Could Easily Take On More Debt
Mar 29Thermax (NSE:THERMAX) Has More To Do To Multiply In Value Going Forward
Jan 22We Think Thermax (NSE:THERMAX) Can Manage Its Debt With Ease
Dec 24Thermax (NSE:THERMAX) Is Reinvesting At Lower Rates Of Return
Oct 22Thermax (NSE:THERMAX) Seems To Use Debt Rather Sparingly
Sep 21We Think Thermax (NSE:THERMAX) Can Stay On Top Of Its Debt
Jun 04Returns On Capital At Thermax (NSE:THERMAX) Paint A Concerning Picture
Mar 08Can Mixed Fundamentals Have A Negative Impact on Thermax Limited (NSE:THERMAX) Current Share Price Momentum?
Jan 21Reflecting on Thermax's (NSE:THERMAX) Share Price Returns Over The Last Three Years
Jan 06Thermax (NSE:THERMAX) Has A Pretty Healthy Balance Sheet
Dec 22
How Well Is Thermax (NSE:THERMAX) Allocating Its Capital?
Dec 08Here's Why We Think Thermax's (NSE:THERMAX) Statutory Earnings Might Be Conservative
Nov 23CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | ₹6b |
| Dec 31 2023 | n/a | n/a | ₹6b |
| Sep 30 2023 | n/a | n/a | ₹5b |
| Jun 30 2023 | n/a | n/a | ₹5b |
| Mar 31 2023 | ₹90m | ₹59m | ₹5b |
| Dec 31 2022 | n/a | n/a | ₹4b |
| Sep 30 2022 | n/a | n/a | ₹4b |
| Jun 30 2022 | n/a | n/a | ₹3b |
| Mar 31 2022 | ₹71m | ₹52m | ₹3b |
| Dec 31 2021 | n/a | n/a | ₹3b |
| Sep 30 2021 | n/a | n/a | ₹3b |
| Jun 30 2021 | n/a | n/a | ₹3b |
| Mar 31 2021 | ₹74m | ₹56m | ₹2b |
Compensation vs Market: Ashish's total compensation ($USD1.08M) is above average for companies of similar size in the Indian market ($USD573.67K).
Compensation vs Earnings: Ashish's compensation has increased by more than 20% in the past year.
CEO
Ashish Bhandari (52 yo)
3.7yrs
Tenure
₹90,288,230
Compensation
Mr. Ashish Bhandari serves as Managing Director & Chief Executive Officer at Thermax Limited since September 1, 2020. He served as Additional Director at Thermax Limited since June 18, 2020. He served as J...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Additional Director | 3.7yrs | ₹90.29m | no data | |
| Executive VP & Group CFO | 4.9yrs | ₹17.80m | no data | |
| Company Secretary & Compliance Officer | 2.7yrs | ₹4.40m | no data | |
| Executive VP and Chief Digital & Information Officer | 1.6yrs | no data | no data | |
| Executive VP & Chief Human Resources Officer | 3.5yrs | no data | no data | |
| Executive VP & BU Head of New Energy | 13.8yrs | no data | no data | |
| President of TBWES and P&ES | 8.8yrs | no data | no data | |
| Executive VP & BU Head of Industrial Product Business | 12.3yrs | no data | no data | |
| Executive VP of Industrial Products | 5yrs | no data | no data | |
| Executive VP & BU Head of Chemical | 1.8yrs | no data | no data | |
| Executive VP and BU Head of P&ES | 1.8yrs | no data | no data | |
| Executive VP & CEO of TBWES | less than a year | no data | no data |
3.6yrs
Average Tenure
Experienced Management: THERMAX's management team is considered experienced (3.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Additional Director | 4.1yrs | ₹90.29m | no data | |
| Independent Director | 7.5yrs | ₹2.99m | no data | |
| Independent Director | 7yrs | ₹2.70m | no data | |
| Chairperson | 27.7yrs | ₹5.53m | no data | |
| Non-Executive Director | 23.3yrs | ₹3.42m | 0.0053% ₹ 32.4m | |
| Independent Director | 13yrs | ₹4.92m | 0.00017% ₹ 1.0m | |
| Independent Director | 21.3yrs | ₹2.94m | no data | |
| Independent Director | 2.5yrs | ₹1.47m | no data | |
| Independent Director | 5.5yrs | ₹2.59m | no data | |
| Additional Non-Executive Independent Director | less than a year | no data | no data |
7.3yrs
Average Tenure
61yo
Average Age
Experienced Board: THERMAX's board of directors are considered experienced (7.3 years average tenure).