Vardhman Polytex Management
Management criteria checks 2/4
Vardhman Polytex's CEO is Adish Oswal, appointed in Dec 2018, has a tenure of 5.92 years. total yearly compensation is ₹27.10M, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 1.01% of the company’s shares, worth ₹42.85M. The average tenure of the management team and the board of directors is 5.9 years and 3.2 years respectively.
Key information
Adish Oswal
Chief executive officer
₹27.1m
Total compensation
| CEO salary percentage | 100.0% |
| CEO tenure | 5.9yrs |
| CEO ownership | 1.0% |
| Management average tenure | 5.9yrs |
| Board average tenure | 3.2yrs |
Recent management updates
Recent updates
Vardhman Polytex Limited's (NSE:VARDMNPOLY) 26% Share Price Plunge Could Signal Some Risk
Oct 27
Vardhman Polytex Limited's (NSE:VARDMNPOLY) 27% Share Price Surge Not Quite Adding Up
Aug 23Vardhman Polytex Limited (NSE:VARDMNPOLY) Investors Are Less Pessimistic Than Expected
Jun 12Vardhman Polytex Limited's (NSE:VARDMNPOLY) Share Price Boosted 25% But Its Business Prospects Need A Lift Too
Feb 02There's Reason For Concern Over Vardhman Polytex Limited's (NSE:VARDMNPOLY) Massive 80% Price Jump
Apr 17We're Not So Sure You Should Rely on Vardhman Polytex's (NSE:VARDMNPOLY) Statutory Earnings
Nov 24CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -₹39m |
| Jun 30 2024 | n/a | n/a | -₹386m |
| Mar 31 2024 | ₹27m | ₹27m | -₹268m |
| Dec 31 2023 | n/a | n/a | -₹356m |
| Sep 30 2023 | n/a | n/a | -₹244m |
| Jun 30 2023 | n/a | n/a | ₹129m |
| Mar 31 2023 | ₹12m | n/a | ₹15m |
| Dec 31 2022 | n/a | n/a | ₹27m |
| Sep 30 2022 | n/a | n/a | -₹204m |
| Jun 30 2022 | n/a | n/a | -₹255m |
| Mar 31 2022 | ₹12m | n/a | -₹156m |
| Dec 31 2021 | n/a | n/a | -₹99m |
| Sep 30 2021 | n/a | n/a | -₹176m |
| Jun 30 2021 | n/a | n/a | -₹356m |
| Mar 31 2021 | ₹9m | n/a | -₹567m |
| Dec 31 2020 | n/a | n/a | ₹1b |
| Sep 30 2020 | n/a | n/a | ₹1b |
| Jun 30 2020 | n/a | n/a | ₹988m |
| Mar 31 2020 | ₹12m | n/a | ₹1b |
| Dec 31 2019 | n/a | n/a | -₹749m |
| Sep 30 2019 | n/a | n/a | -₹746m |
| Jun 30 2019 | n/a | n/a | -₹733m |
| Mar 31 2019 | n/a | n/a | -₹740m |
| Mar 31 2018 | ₹3m | ₹2m | -₹2b |
Compensation vs Market: Adish's total compensation ($USD320.99K) is above average for companies of similar size in the Indian market ($USD42.70K).
Compensation vs Earnings: Adish's compensation has increased whilst the company is unprofitable.
CEO
Adish Oswal (44 yo)
5.9yrs
Tenure
₹27,097,000
Compensation
Mr. Adish Oswal, B.Com, has been Chairman, Managing Director and Chief Operating Officer at Vardhman Polytex Limited since December 26, 2018. He serves as Managing Director of Oswal Retail Pvt. Ltd.Mr. Os...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 5.9yrs | ₹27.10m | 1.01% ₹ 42.9m | |
| Chief Financial Officer | 4.2yrs | ₹1.79m | no data | |
| Company Secretary & Compliance Officer | 6yrs | ₹2.11m | no data | |
| Chief Manager | no data | ₹2.66m | no data | |
| Vice President of Technical | no data | no data | no data | |
| Associate Vice President of HR | no data | no data | no data | |
| Chief Production Officer | no data | ₹5.67m | no data | |
| Chief General Manager | no data | no data | no data |
5.9yrs
Average Tenure
53yo
Average Age
Experienced Management: VARDMNPOLY's management team is seasoned and experienced (5.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 15.3yrs | ₹27.10m | 1.01% ₹ 42.9m | |
| Non-Executive Non-Independent Director | 7.3yrs | ₹128.00k | 0% ₹ 0 | |
| Non-Executive Non-Independent Director | 4.2yrs | ₹83.00k | 0.00019% ₹ 8.0k | |
| Non-Executive Independent Director | 2.3yrs | ₹83.00k | no data | |
| Additional Non-Executive Independent Director | 1.3yrs | ₹74.00k | no data | |
| Non- Executive Independent Director | less than a year | ₹8.00k | no data |
3.2yrs
Average Tenure
44yo
Average Age
Experienced Board: VARDMNPOLY's board of directors are considered experienced (3.2 years average tenure).