Virat Industries Management
Management criteria checks 4/4
Virat Industries' CEO is Adi Madan, appointed in Jan 2004, has a tenure of 20.83 years. total yearly compensation is ₹4.45M, comprised of 54% salary and 46% bonuses, including company stock and options. directly owns 2.4% of the company’s shares, worth ₹54.09M. The average tenure of the management team and the board of directors is 10.5 years and 4.8 years respectively.
Key information
Adi Madan
Chief executive officer
₹4.4m
Total compensation
| CEO salary percentage | 54.0% |
| CEO tenure | 20.8yrs |
| CEO ownership | 2.4% |
| Management average tenure | 10.5yrs |
| Board average tenure | 4.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | ₹5m |
| Jun 30 2024 | n/a | n/a | ₹4m |
| Mar 31 2024 | ₹4m | ₹2m | ₹8m |
| 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 ($USD52.67K) is about average for companies of similar size in the Indian market ($USD42.63K).
Compensation vs Earnings: Adi's compensation has been consistent with company performance over the past year.
CEO
Adi Madan (67 yo)
20.8yrs
Tenure
₹4,447,924
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 |
|---|---|---|---|---|
| MD & Executive Director | 20.8yrs | ₹4.45m | 2.4% ₹ 54.1m | |
| Chief Financial Officer | 10.5yrs | ₹707.78k | no data | |
| Company Secretary & Compliance Officer | less than a year | no data | no data | |
| Whole Time Director | no data | ₹1.70m | 4.72% ₹ 106.1m |
10.5yrs
Average Tenure
Experienced Management: 530521's management team is seasoned and experienced (10.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Executive Director | 30.5yrs | ₹4.45m | 2.4% ₹ 54.1m | |
| Whole Time Director | 10.2yrs | ₹1.70m | 4.72% ₹ 106.1m | |
| Non-Executive Non-Independent Director | 9.2yrs | ₹60.00k | 1.08% ₹ 24.2m | |
| Independent Director | less than a year | no data | 0.024% ₹ 548.1k | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | less than a year | no data | no data |
4.8yrs
Average Tenure
57yo
Average Age
Experienced Board: 530521's board of directors are considered experienced (4.8 years average tenure).