Filatex Fashions Limited

BSE:532022 Stock Report

Market Cap: ₹25.1b

Filatex Fashions Management

Management criteria checks 2/4

Filatex Fashions' CEO is Prabhat Sethia, appointed in Jul 2009, has a tenure of 14.83 years. total yearly compensation is ₹2.40M, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 24.79% of the company’s shares, worth ₹6.23B. The average tenure of the management team and the board of directors is 0.2 years and 3.7 years respectively.

Key information

Prabhat Sethia

Chief executive officer

₹2.4m

Total compensation

CEO salary percentage100.0%
CEO tenure14.8yrs
CEO ownership24.8%
Management average tenureless than a year
Board average tenure3.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Prabhat Sethia's remuneration changed compared to Filatex Fashions's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

₹99m

Sep 30 2023n/an/a

₹107m

Jun 30 2023n/an/a

₹136m

Mar 31 2023₹2m₹2m

₹119m

Dec 31 2022n/an/a

₹108m

Sep 30 2022n/an/a

₹74m

Jun 30 2022n/an/a

₹29m

Mar 31 2022₹900kn/a

₹29m

Dec 31 2021n/an/a

₹6m

Sep 30 2021n/an/a

₹5m

Jun 30 2021n/an/a

₹5m

Mar 31 2021₹900kn/a

₹1m

Dec 31 2020n/an/a

₹3m

Sep 30 2020n/an/a

₹2m

Jun 30 2020n/an/a

₹3m

Mar 31 2020₹900kn/a

₹7m

Compensation vs Market: Prabhat's total compensation ($USD28.75K) is below average for companies of similar size in the Indian market ($USD271.33K).

Compensation vs Earnings: Prabhat's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Prabhat Sethia (62 yo)

14.8yrs

Tenure

₹2,400,000

Compensation

Mr. Prabhat Sethia has been the Managing Director since July 1, 20019 and serves as Chairman of Filatex Fashions Ltd. He had been the Compliance Officer of Filatex Fashions Limited since July 1, 2009 until...

Leadership Team

NamePositionTenureCompensationOwnership
Prabhat Sethia
Chairman & MD14.8yrs₹2.40m24.79%
₹ 6.2b
Yash Sethia
Chief Financial Officerless than a yearno datano data
Chintala Rao
Company Secretary & Compliance Officerless than a yearno datano data

0.2yrs

Average Tenure

Experienced Management: 532022's management team is not considered experienced ( 0.2 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Prabhat Sethia
Chairman & MD30.2yrs₹2.40m24.79%
₹ 6.2b
Sangeeta Sethia
Non-Executive Non-Independent Director9.2yrsno datano data
Vallam Raghuram
Non-Executive Director6.4yrsno datano data
Nageshwara Chitirala
Non-Executive & Independent Directorless than a yearno datano data
Arun Sharma
Non-Executive & Independent Directorless than a yearno datano data
Swapnil Raka
Non-Executive & Independent Directorless than a yearno datano data

3.7yrs

Average Tenure

59.5yo

Average Age

Experienced Board: 532022's board of directors are considered experienced (3.7 years average tenure).

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