Virat Industries Management

Management criteria checks 4/4

Virat Industries' CEO is Adi Madan, appointed in Jan 2004, has a tenure of 20.25 years. total yearly compensation is ₹4.14M, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 2.4% of the company’s shares, worth ₹16.81M. The average tenure of the management team and the board of directors is 9.9 years and 14.1 years respectively.

Key information

Adi Madan

Chief executive officer

₹4.1m

Total compensation

CEO salary percentage	100.0%
CEO tenure	20.3yrs
CEO ownership	2.4%
Management average tenure	9.9yrs
Board average tenure	14.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Adi Madan's remuneration changed compared to Virat Industries's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹12m
Sep 30 2023	n/a	n/a	₹20m
Jun 30 2023	n/a	n/a	₹21m
Mar 31 2023	₹4m	₹4m	₹16m
Dec 31 2022	n/a	n/a	₹15m
Sep 30 2022	n/a	n/a	₹13m
Jun 30 2022	n/a	n/a	₹14m
Mar 31 2022	₹4m	₹4m	₹14m
Dec 31 2021	n/a	n/a	₹9m
Sep 30 2021	n/a	n/a	₹10m
Jun 30 2021	n/a	n/a	₹10m
Mar 31 2021	₹4m	₹4m	₹8m
Dec 31 2020	n/a	n/a	₹11m
Sep 30 2020	n/a	n/a	₹11m
Jun 30 2020	n/a	n/a	₹9m
Mar 31 2020	₹4m	₹4m	₹15m
Dec 31 2019	n/a	n/a	₹12m
Sep 30 2019	n/a	n/a	₹11m
Jun 30 2019	n/a	n/a	₹9m
Mar 31 2019	₹4m	₹4m	₹6m
Dec 31 2018	n/a	n/a	₹10m
Sep 30 2018	n/a	n/a	₹17m
Jun 30 2018	n/a	n/a	₹29m
Mar 31 2018	₹4m	₹4m	₹35m

Compensation vs Market: Adi's total compensation ($USD49.64K) is about average for companies of similar size in the Indian market ($USD39.58K).

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

CEO

Adi Madan (66 yo)

20.3yrs

Tenure

₹4,137,000

Compensation

Mr. Adi Fredoon Madan, B.Com, L.L.B., has been the Managing Director at Virat Industries Ltd since 2004. Mr. Madan serves as Executive Director of Virat Industries Ltd. since May 24, 1994.

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Adi Madan	MD & Executive Director	20.3yrs	₹4.14m	2.4% ₹ 16.8m
Ayesha DadyBurjor	Whole Time Director	no data	₹1.70m	4.72% ₹ 33.0m
Bhavik Maisuria	Chief Financial Officer	9.9yrs	₹707.78k	no data
Himanshu Zinzuwadia	Company Secretary & Compliance Officer	less than a year	no data	no data

9.9yrs

Average Tenure

Experienced Management: 530521's management team is seasoned and experienced (9.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Adi Madan	MD & Executive Director	29.9yrs	₹4.14m	2.4% ₹ 16.8m
Ayesha DadyBurjor	Whole Time Director	9.6yrs	₹1.70m	4.72% ₹ 33.0m
Ajit Walwaikar	Independent Director	20.2yrs	₹100.00k	no data
Kaizad DadyBurjor	Non-Executive Non-Independent Director	8.6yrs	₹40.00k	1.08% ₹ 7.5m
Harishchandra Shah	Independent Director	14.1yrs	₹60.00k	no data

14.1yrs

Average Tenure

66yo

Average Age

Experienced Board: 530521's board of directors are seasoned and experienced ( 14.1 years average tenure).

Virat Industries Management

Management criteria checks 4/4

Key information

Recent management updates

Virat Industries Limited Announces Resignation of Pheroze Adi Dhanbhoora as Non-Executive Independent Director

Whole Time Director recently sold ₹1.6m worth of stock

Virat Industries Limited Appoints Himanshu Vipul Zinzuwadia as Company Secretary and Compliance Officer

Virat Industries Limited Announces Resignation of Naman Bhandari as Company Secretary and Compliance Officer

Virat Industries Limited, Annual General Meeting, Sep 21, 2023

Insufficient new directors

Recent updates

Virat Industries Limited Announces Resignation of Pheroze Adi Dhanbhoora as Non-Executive Independent Director

Whole Time Director recently sold ₹1.6m worth of stock

Virat Industries Limited Appoints Himanshu Vipul Zinzuwadia as Company Secretary and Compliance Officer

Third quarter 2024 earnings released: ₹0.47 loss per share (vs ₹1.11 profit in 3Q 2023)

New major risk - Market cap size

Virat Industries Limited to Report Q3, 2024 Results on Feb 13, 2024

Virat Industries Limited Announces Resignation of Naman Bhandari as Company Secretary and Compliance Officer

Second quarter 2024 earnings released: EPS: ₹0.74 (vs ₹0.91 in 2Q 2023)

First quarter 2024 earnings released: EPS: ₹1.09 (vs ₹0.13 in 1Q 2023)

Virat Industries Limited, Annual General Meeting, Sep 21, 2023

Virat Industries Limited to Report Q1, 2024 Results on Aug 10, 2023

Full year 2023 earnings released: EPS: ₹3.32 (vs ₹2.75 in FY 2022)

Full year 2023 earnings released: EPS: ₹3.32 (vs ₹2.75 in FY 2022)

Virat Industries Limited to Report Q4, 2023 Results on May 25, 2023

Investor sentiment deteriorates as stock falls 17%

Third quarter 2023 earnings released: EPS: ₹1.11 (vs ₹0.82 in 3Q 2022)

Virat Industries Limited to Report Q3, 2023 Results on Feb 09, 2023

Second quarter 2023 earnings released: EPS: ₹0.91 (vs ₹1.22 in 2Q 2022)

Insufficient new directors

Second quarter 2023 earnings released: EPS: ₹0.91 (vs ₹1.22 in 2Q 2022)

Virat Industries Limited to Report Q2, 2023 Results on Nov 10, 2022

Upcoming dividend of ₹1.00 per share

Full year 2022 earnings released: EPS: ₹2.69 (vs ₹1.62 in FY 2021)

Virat Industries Limited Recommends Final Dividend for the Financial Year Ended March 31, 2022

Insufficient new directors

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

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

Virat Industries Limited to Report Q3, 2022 Results on Feb 10, 2022

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS ₹1.22 (vs ₹1.23 in 2Q 2021)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Company Secretary, Compliance Officer & Nodal Officer has left the company

Full year 2021 earnings released: EPS ₹1.66 (vs ₹3.01 in FY 2020)

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Third quarter 2021 earnings released: EPS ₹0.97 (vs ₹0.97 in 3Q 2020)

Virat Industries Limited to Report Q3, 2021 Results on Feb 11, 2021

Investor sentiment improved over the past week

New 90-day high: ₹41.75

New 90-day high: ₹38.70

Market bids up stock over the past week

New 90-day high: ₹32.45

First quarter earnings released

Virat Industries Limited to Report Q1, 2021 Results on Aug 13, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age