Gravity (India) Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Varun Thakkar

Chief executive officer

₹840.0k

Total compensation

CEO salary percentage	n/a
CEO tenure	8.1yrs
CEO ownership	11.2%
Management average tenure	no data
Board average tenure	6.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Varun Thakkar's remuneration changed compared to Gravity (India)'s earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-₹77m
Jun 30 2024	n/a	n/a	-₹65m
Mar 31 2024	₹840k	n/a	-₹62m
Dec 31 2023	n/a	n/a	-₹40m
Sep 30 2023	n/a	n/a	-₹11m
Jun 30 2023	n/a	n/a	-₹9m
Mar 31 2023	n/a	n/a	-₹10m
Dec 31 2022	n/a	n/a	-₹4m
Sep 30 2022	n/a	n/a	-₹4m
Jun 30 2022	n/a	n/a	-₹448k
Mar 31 2022	₹840k	n/a	₹824k
Dec 31 2021	n/a	n/a	₹2m
Sep 30 2021	n/a	n/a	₹7m
Jun 30 2021	n/a	n/a	-₹4m
Mar 31 2021	₹840k	n/a	-₹3m
Dec 31 2020	n/a	n/a	₹3m
Sep 30 2020	n/a	n/a	-₹3m
Jun 30 2020	n/a	n/a	₹4m
Mar 31 2020	₹840k	n/a	₹3m
Dec 31 2019	n/a	n/a	₹12m
Sep 30 2019	n/a	n/a	₹8m
Jun 30 2019	n/a	n/a	₹7m
Mar 31 2019	₹840k	₹840k	₹10m
Dec 31 2018	n/a	n/a	-₹13m
Sep 30 2018	n/a	n/a	-₹8m
Jun 30 2018	n/a	n/a	-₹7m
Mar 31 2018	₹840k	₹840k	-₹7m

Compensation vs Market: Varun's total compensation ($USD9.96K) is below average for companies of similar size in the Indian market ($USD42.72K).

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

CEO

Varun Thakkar (40 yo)

8.1yrs

Tenure

₹840,000

Compensation

Mr. Varun Rasiklal Thakkar has been the Chairman and Managing Director at Gravity (India) Limited since October 2, 2016. Mr. Thakkar served as Chief Financial Officer of Gravity (India) Limited until Augus...

Board Members

Name	Position	Tenure	Compensation	Ownership
Varun Thakkar	Chairman & MD	8.1yrs	₹840.00k	11.24% ₹ 7.3m
Dakshaben Thakkar	Non-Executive Non-Independent Director	37.7yrs	no data	9.68% ₹ 6.3m
Samir Bipin Ruparelia	Non-Executive Independent Director	5.3yrs	no data	no data
Dipti Kadam	Non-Executive Independent Director	1.3yrs	no data	no data

6.7yrs

Average Tenure

41.5yo

Average Age

Experienced Board: 532015's board of directors are considered experienced (6.7 years average tenure).

Gravity (India) Management

Management criteria checks 3/4

Key information

Recent management updates

Gravity (India) Limited Announces Resignation of Shreya Chawak as Company Secretary and Compliance Officer

Gravity (India) Limited, Annual General Meeting, Sep 30, 2024

Gravity (India) Limited, Annual General Meeting, Sep 27, 2023

Insufficient new directors

Insufficient new directors

Gravity (India) Limited, Annual General Meeting, Aug 26, 2022

Recent updates

Second quarter 2025 earnings released

Gravity (India) Limited Announces Resignation of Shreya Chawak as Company Secretary and Compliance Officer

Gravity (India) Limited to Report Q2, 2025 Results on Oct 24, 2024

First quarter 2025 earnings released: ₹0.73 loss per share (vs ₹0.33 loss in 1Q 2024)

Gravity (India) Limited, Annual General Meeting, Sep 30, 2024

Full year 2024 earnings released: ₹6.85 loss per share (vs ₹1.11 loss in FY 2023)

New minor risk - Financial data availability

New minor risk - Share price stability

Gravity (India) Limited to Report Q3, 2024 Results on Feb 01, 2024

Gravity (India) Limited to Report Q2, 2024 Results on Nov 01, 2023

Gravity (India) Limited, Annual General Meeting, Sep 27, 2023

First quarter 2024 earnings released: ₹0.33 loss per share (vs ₹0.40 loss in 1Q 2023)

Gravity (India) Limited to Report Q1, 2024 Results on Aug 03, 2023

New major risk - Share price stability

Full year 2023 earnings released: ₹1.11 loss per share (vs ₹0.092 profit in FY 2022)

Gravity (India) Limited to Report Fiscal Year 2023 Results on May 29, 2023

Third quarter 2023 earnings released: EPS: ₹0.06 (vs ₹0.07 in 3Q 2022)

Gravity (India) Limited to Report Q3, 2023 Results on Feb 07, 2023

Second quarter 2023 earnings released: ₹0.06 loss per share (vs ₹0.36 profit in 2Q 2022)

Insufficient new directors

Second quarter 2023 earnings released: ₹0.06 loss per share (vs ₹0.36 profit in 2Q 2022)

Second quarter 2023 earnings released: ₹0.06 loss per share (vs ₹0.36 profit in 2Q 2022)

Gravity (India) Limited to Report Q2, 2023 Results on Nov 10, 2022

Insufficient new directors

First quarter 2023 earnings released: ₹0.40 loss per share (vs ₹0.25 loss in 1Q 2022)

Gravity (India) Limited, Annual General Meeting, Aug 26, 2022

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Gravity (India) Limited to Report Q4, 2022 Results on May 25, 2022

Investor sentiment improved over the past week

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

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS ₹0.36 (vs ₹0.07 loss in 2Q 2021)

Full year 2021 earnings released

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

New 90-day high: ₹1.94

Investor sentiment improved over the past week

Third quarter 2021 earnings released: ₹0.15 loss per share (vs ₹0.06 loss in 3Q 2020)

Company Secretary & Compliance Officer has left the company

Gravity (India) Limited to Report Q3, 2021 Results on Feb 10, 2021

Gravity (India) Ltd. Announces Resignation of Shweta Jain as Company Secretary and Compliance Officer

New 90-day high: ₹1.54

Market bids up stock over the past week

New 90-day low: ₹1.09

Market pulls back on stock over the past week

New 90-day high: ₹1.43

First quarter earnings released

Gravity (India) Limited to Report Q1, 2021 Results on Sep 02, 2020

New 90-day low - ₹1.18

CEO Compensation Analysis

CEO

Tenure

Compensation

Board Members

Average Tenure

Average Age