Swarnsarita Jewels India Management

Management criteria checks 3/4

Swarnsarita Jewels India's CEO is Mahendra Chordia, appointed in Apr 2011, has a tenure of 13.08 years. total yearly compensation is ₹7.20M, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 3.98% of the company’s shares, worth ₹26.77M. The average tenure of the management team and the board of directors is 6.6 years and 6.1 years respectively.

Key information

Mahendra Chordia

Chief executive officer

₹7.2m

Total compensation

CEO salary percentage	100.0%
CEO tenure	13.1yrs
CEO ownership	4.0%
Management average tenure	6.6yrs
Board average tenure	6.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mahendra Chordia's remuneration changed compared to Swarnsarita Jewels India's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹83m
Sep 30 2023	n/a	n/a	₹53m
Jun 30 2023	n/a	n/a	₹92m
Mar 31 2023	₹7m	₹7m	₹63m
Dec 31 2022	n/a	n/a	₹43m
Sep 30 2022	n/a	n/a	₹97m
Jun 30 2022	n/a	n/a	₹85m
Mar 31 2022	₹7m	₹7m	₹75m
Dec 31 2021	n/a	n/a	₹79m
Sep 30 2021	n/a	n/a	₹72m
Jun 30 2021	n/a	n/a	₹78m
Mar 31 2021	₹6m	₹6m	₹55m
Dec 31 2020	n/a	n/a	₹38m
Sep 30 2020	n/a	n/a	₹25m
Jun 30 2020	n/a	n/a	₹20m
Mar 31 2020	₹7m	₹7m	₹45m
Dec 31 2019	n/a	n/a	₹55m
Sep 30 2019	n/a	n/a	₹55m
Jun 30 2019	n/a	n/a	₹55m
Mar 31 2019	₹7m	₹7m	₹48m
Dec 31 2018	n/a	n/a	₹45m
Sep 30 2018	n/a	n/a	₹46m
Jun 30 2018	n/a	n/a	₹48m
Mar 31 2018	₹5m	₹5m	₹43m

Compensation vs Market: Mahendra's total compensation ($USD86.31K) is above average for companies of similar size in the Indian market ($USD39.29K).

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

CEO

Mahendra Chordia (55 yo)

13.1yrs

Tenure

₹7,200,000

Compensation

Mr. Mahendra Madanlal Chordia has been the Chairman of the Board and Managing Director of Swarnsarita Jewels India Limited (formerly known as Swarnsarita Gems Limited) since April 1, 2011 and has been its...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mahendra Chordia	Chairman & MD	13.1yrs	₹7.20m	3.98% ₹ 26.8m
Sanket Dangi	Chief Financial Officer	8.8yrs	₹1.80m	0.0010% ₹ 6.7k
Deepak Suthar	Compliance Officer & Company Secretary	4.4yrs	₹510.00k	no data
Rajul Chordia	Whole-Time Director	3.5yrs	₹4.80m	no data
Sunny Chordia	Whole Time Director & President of Overseas Market	no data	₹6.00m	2.03% ₹ 13.6m
Nishita Chordia	Vice President of Manufacturing Division	no data	₹3.60m	no data
Naveen Hiran	International Operation Head	no data	no data	no data

6.6yrs

Average Tenure

33yo

Average Age

Experienced Management: 526365's management team is seasoned and experienced (6.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Mahendra Chordia	Chairman & MD	13.2yrs	₹7.20m	3.98% ₹ 26.8m
Rajul Chordia	Whole-Time Director	3.5yrs	₹4.80m	no data
Sunny Chordia	Whole Time Director & President of Overseas Market	6.6yrs	₹6.00m	2.03% ₹ 13.6m
Dhruvin Shah	Non-Executive Independent Director	8yrs	₹605.90k	no data
Deep Lakhani	Non- Executive Independent Director	5.6yrs	₹18.80k	no data
Umang Mehta	Independent Non Executive Director	4.3yrs	no data	no data

6.1yrs

Average Tenure

29.5yo

Average Age

Experienced Board: 526365's board of directors are considered experienced (6.1 years average tenure).

Swarnsarita Jewels India Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

Swarnsarita Jewels India Limited, Annual General Meeting, Sep 25, 2023

Swarnsarita Jewels India Limited, Annual General Meeting, Sep 25, 2023

Swarnsarita Jewels India Limited, Annual General Meeting, Sep 30, 2022

Board Member recently bought ₹694k worth of stock

Board Member recently bought ₹325k worth of stock

Recent updates

New major risk - Share price stability

Investor sentiment deteriorates as stock falls 16%

Third quarter 2024 earnings released: EPS: ₹0.09 (vs ₹1.34 loss in 3Q 2023)

Swarnsarita Jewels India Limited to Report Q3, 2024 Results on Feb 14, 2024

New major risk - Share price stability

Investor sentiment improves as stock rises 20%

Insufficient new directors

New minor risk - Profit margin trend

Swarnsarita Jewels India Limited to Report Q2, 2024 Results on Nov 09, 2023

Swarnsarita Jewels India Limited, Annual General Meeting, Sep 25, 2023

Swarnsarita Jewels India Limited, Annual General Meeting, Sep 25, 2023

Investor sentiment improves as stock rises 35%

First quarter 2024 earnings released: EPS: ₹2.67 (vs ₹1.28 in 1Q 2023)

Swarnsarita Jewels India Limited to Report Q1, 2024 Results on Aug 14, 2023

Investor sentiment improves as stock rises 21%

Full year 2023 earnings released: EPS: ₹3.01 (vs ₹3.59 in FY 2022)

Swarnsarita Jewels India Limited to Report Q4, 2023 Results on May 30, 2023

Investor sentiment deteriorates as stock falls 16%

Investor sentiment deteriorates as stock falls 22%

Third quarter 2023 earnings released: ₹1.34 loss per share (vs ₹1.26 profit in 3Q 2022)

Swarnsarita Jewels India Limited to Report Q3, 2023 Results on Feb 14, 2023

Investor sentiment improved over the past week

Second quarter 2023 earnings released: EPS: ₹1.38 (vs ₹0.82 in 2Q 2022)

Swarnsarita Jewels India Limited to Report Q2, 2023 Results on Nov 14, 2022

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Swarnsarita Jewels India Limited, Annual General Meeting, Sep 30, 2022

First quarter 2023 earnings released: EPS: ₹1.28 (vs ₹0.82 in 1Q 2022)

Investor sentiment improved over the past week

Swarnsarita Jewels India Limited to Report Q1, 2023 Results on Aug 13, 2022

Investor sentiment improved over the past week

Board Member recently bought ₹694k worth of stock

Full year 2022 earnings released: EPS: ₹3.59 (vs ₹2.62 in FY 2021)

Swarnsarita Jewels India Limited to Report Q4, 2022 Results on May 30, 2022

Investor sentiment deteriorated over the past week

Now 20% undervalued after recent price drop

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Now 22% undervalued after recent price drop

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS ₹2.62 (vs ₹2.17 in FY 2020)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Board Member recently bought ₹325k worth of stock

Board Member recently bought ₹63k worth of stock

Third quarter 2021 earnings released: EPS ₹0.96 (vs ₹0.39 in 3Q 2020)

Investor sentiment improved over the past week

Swarnsarita Gems Limited to Report Q3, 2021 Results on Feb 12, 2021

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Market bids up stock over the past week

Market bids up stock over the past week

New 90-day high: ₹7.90

Swarnsarita Gems Limited Appoints Rajul Chordia as an Additional (Executive) Director

Swarnsarita Gems Limited to Report Q2, 2021 Results on Nov 14, 2020

Market bids up stock over the past week

Market pulls back on stock over the past week

Swarnsarita Gems Limited announced that it has received INR 231.22404 million in funding from Swarn Sarita Jewellers Private Limited

New 90-day low: ₹6.21

First quarter earnings released

Full year earnings released - EPS ₹2.17

Swarnsarita Gems Limited to Report Q1, 2021 Results on Sep 15, 2020

CEO Compensation Analysis

CEO