Gravity (India) Limited

BSE:532015 Stock Report

Market Cap: ₹41.5m

Gravity (India) Management

Management criteria checks 3/4

Gravity (India)'s CEO is Varun Thakkar, appointed in Oct 2016, has a tenure of 7.67 years. directly owns 11.24% of the company’s shares, worth ₹4.67M. The average tenure of the management team and the board of directors is 7.7 years and 6.3 years respectively.

Key information

Varun Thakkar

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure7.7yrs
CEO ownership11.2%
Management average tenure7.7yrs
Board average tenure6.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Varun Thakkar's remuneration changed compared to Gravity (India)'s earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2024n/an/a

-₹62m

Dec 31 2023n/an/a

-₹40m

Sep 30 2023n/an/a

-₹11m

Jun 30 2023n/an/a

-₹9m

Mar 31 2023n/an/a

-₹10m

Dec 31 2022n/an/a

-₹4m

Sep 30 2022n/an/a

-₹4m

Jun 30 2022n/an/a

-₹448k

Mar 31 2022₹840kn/a

₹824k

Dec 31 2021n/an/a

₹2m

Sep 30 2021n/an/a

₹7m

Jun 30 2021n/an/a

-₹4m

Mar 31 2021₹840kn/a

-₹3m

Dec 31 2020n/an/a

₹3m

Sep 30 2020n/an/a

-₹3m

Jun 30 2020n/an/a

₹4m

Mar 31 2020₹840kn/a

₹3m

Dec 31 2019n/an/a

₹12m

Sep 30 2019n/an/a

₹8m

Jun 30 2019n/an/a

₹7m

Mar 31 2019₹840k₹840k

₹10m

Dec 31 2018n/an/a

-₹13m

Sep 30 2018n/an/a

-₹8m

Jun 30 2018n/an/a

-₹7m

Mar 31 2018₹840k₹840k

-₹7m

Compensation vs Market: Insufficient data to establish whether Varun's total compensation is reasonable compared to companies of similar size in the Indian market.

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

CEO

Varun Thakkar (40 yo)

7.7yrs

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...

Leadership Team

NamePositionTenureCompensationOwnership
Varun Thakkar
Chairman & MD7.7yrs₹840.00k11.24%
₹ 4.7m
Jay Thakkar
Chief Financial Officer7.8yrsno data0.47%
₹ 194.1k
Shreya Chawak
Company Secretary & Compliance Officer2.8yrsno datano data

7.7yrs

Average Tenure

Experienced Management: 532015's management team is seasoned and experienced (7.7 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Varun Thakkar
Chairman & MD7.7yrs₹840.00k11.24%
₹ 4.7m
Dakshaben Thakkar
Non-Executive Non-Independent Director37.3yrsno data9.68%
₹ 4.0m
Samir Bipin Ruparelia
Non-Executive Independent Director4.8yrsno datano data
Dipti Kadam
Independent Directorless than a yearno datano data

6.3yrs

Average Tenure

41.5yo

Average Age

Experienced Board: 532015's board of directors are considered experienced (6.3 years average tenure).

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