Manappuram Finance Management

Management criteria checks 2/4

Manappuram Finance's CEO is Vazhappully Nandakumar, appointed in May 2012, has a tenure of 12.33 years. total yearly compensation is ₹206.87M, comprised of 45.9% salary and 54.1% bonuses, including company stock and options. directly owns 34.71% of the company’s shares, worth ₹62.73B. The average tenure of the management team and the board of directors is 4.8 years and 2 years respectively.

Key information

Vazhappully Nandakumar

Chief executive officer

₹206.9m

Total compensation

CEO salary percentage	45.9%
CEO tenure	12.3yrs
CEO ownership	34.7%
Management average tenure	4.8yrs
Board average tenure	2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Vazhappully Nandakumar's remuneration changed compared to Manappuram Finance's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	₹22b
Mar 31 2024	₹207m	₹95m	₹22b
Dec 31 2023	n/a	n/a	₹20b
Sep 30 2023	n/a	n/a	₹19b
Jun 30 2023	n/a	n/a	₹17b
Mar 31 2023	₹186m	₹90m	₹15b
Dec 31 2022	n/a	n/a	₹13b
Sep 30 2022	n/a	n/a	₹12b
Jun 30 2022	n/a	n/a	₹12b
Mar 31 2022	₹176m	₹85m	₹13b
Dec 31 2021	n/a	n/a	₹15b
Sep 30 2021	n/a	n/a	₹18b
Jun 30 2021	n/a	n/a	₹18b
Mar 31 2021	₹159m	₹75m	₹17b
Dec 31 2020	n/a	n/a	₹16b
Sep 30 2020	n/a	n/a	₹15b
Jun 30 2020	n/a	n/a	₹16b
Mar 31 2020	₹119m	₹75m	₹15b
Dec 31 2019	n/a	n/a	₹13b
Sep 30 2019	n/a	n/a	₹12b
Jun 30 2019	n/a	n/a	₹10b
Mar 31 2019	₹124m	₹66m	₹9b
Dec 31 2018	n/a	n/a	₹8b
Sep 30 2018	n/a	n/a	₹8b
Jun 30 2018	n/a	n/a	₹7b
Mar 31 2018	₹91m	₹48m	₹7b

Compensation vs Market: Vazhappully's total compensation ($USD2.47M) is above average for companies of similar size in the Indian market ($USD488.06K).

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

CEO

Vazhappully Nandakumar (70 yo)

12.3yrs

Tenure

₹206,870,000

Compensation

Mr. Vazhappully Padmanabhan Nandakumar, M.Sc, CAIIB (Part I), has been the Managing Director and Chief Executive Officer of Manappuram Finance Limited since May 19, 2012. Mr. Nandakumar serves as the Chief...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Vazhappully Nandakumar	MD, CEO & Non-Independent Executive Director	12.3yrs	₹206.87m	34.71% ₹ 62.7b
A. Bindu	CFO & President	5.7yrs	₹16.84m	0.010% ₹ 18.1m
Raju Kalathiparambil	Executive Vice President of Analytics & Business Review	no data	₹13.18m	no data
Sumitha Nandan V	Whole-Time Director	1.7yrs	₹15.46m	no data
Kamal Parmar	Senior VP & HOD of Vehicle and Equipment Finance	4.8yrs	₹8.26m	no data
Madhavan Kutty G	VP & Chief Economist	no data	₹4.42m	no data
Vilakkithala Raman Kumar	Company Secretary	5.7yrs	₹5.02m	0% ₹ 0
Manikandan T G	Chief Technology Officer	no data	no data	no data
Susil Mishra	Head of Investor Relations & Treasury	no data	no data	no data
Dinesh Kallarackal	Senior General Manager of Legal	no data	no data	no data
Issac A.	Chief Compliance Officer	1.3yrs	no data	no data
P. Renjith	Chief Human Resource Officer	less than a year	no data	no data

4.8yrs

Average Tenure

50yo

Average Age

Experienced Management: 531213's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Vazhappully Nandakumar	MD, CEO & Non-Independent Executive Director	32.2yrs	₹206.87m	34.71% ₹ 62.7b
Sumitha Nandan V	Whole-Time Director	1.7yrs	₹15.46m	no data
Shailesh Mehta	Independent & Non-Executive Chairperson	4.6yrs	₹12.60m	0.059% ₹ 106.7m
Abhijit Sen	Independent & Non-Executive Director	5.1yrs	₹6.33m	no data
Pratima Ram	Independent & Non-Executive Director	2yrs	₹4.17m	no data
P. Manomohanan	Independent & Non-Executive Director	21.1yrs	₹4.23m	0.12% ₹ 211.5m
Tharavanat Chandrasekharan Kumar	Non-Executive Independent Director	less than a year	₹1.41m	no data
Harshan Kollara	Independent & Non-Executive Director	4.7yrs	₹4.92m	no data
Veliath Seemandini	Independent & Non-Executive Director	1.8yrs	₹3.84m	no data
Sankaran Rajagopal	Additional Independent Non-Executive Director	less than a year	₹860.00k	no data
Edodiyil Kunhiraman Bhushan	Non-Executive Independent Director	less than a year	₹300.00k	no data

2.0yrs

Average Tenure

73yo

Average Age

Experienced Board: 531213's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.

Manappuram Finance Management

Management criteria checks 2/4

Key information

Recent management updates

Company Secretary recently sold ₹4.1m worth of stock

Manappuram Finance Limited, Annual General Meeting, Aug 14, 2024

Insider recently sold ₹18m worth of stock

Key Executive recently bought ₹35m worth of stock

Manappuram Finance Limited Announces Resignation of Rajiv Rathinam, Head of Vigilance Department

Manappuram Finance Limited Announces Management Changes

Recent updates

Now 20% undervalued

New minor risk - Insider selling

Company Secretary recently sold ₹4.1m worth of stock

First quarter dividend of ₹1.00 announced

First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 23% undervalued

Manappuram Finance Limited to Report Q1, 2025 Results on Aug 13, 2024

Manappuram Finance Limited, Annual General Meeting, Aug 14, 2024

Insider recently sold ₹18m worth of stock

Key Executive recently bought ₹35m worth of stock

Fourth quarter dividend of ₹1.00 announced

Manappuram Finance Limited Announces Resignation of Rajiv Rathinam, Head of Vigilance Department

New minor risk - Profit margin trend

Manappuram Finance Limited Declares Interim Dividend, Payable on or Before June 22,2024

Manappuram Finance Limited Announces Management Changes

Investor sentiment deteriorates as stock falls 18%

Now 23% undervalued after recent price drop

Manappuram Finance Limited to Report Q4, 2024 Results on May 24, 2024

Manappuram Finance Limited Approves the Appointment of Edodiyil Kunhiraman Bharat Bhushan as Non-Executive Independent Director

Independent & Non-Executive Director recently sold ₹17m worth of stock

Now 23% undervalued after recent price drop

Price target increased by 52% to ₹294

Upcoming dividend of ₹0.90 per share at 2.1% yield

Third quarter dividend of ₹0.90 announced

Price target increased by 7.4% to ₹200

Third quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat

Manappuram Finance Limited Approves Interim Dividend, Payable on or before March 7, 2024

Manappuram Finance Limited to Report Q3, 2024 Results on Feb 07, 2024

Company Secretary recently sold ₹3.2m worth of stock

Consensus revenue estimates increase by 11%

Upcoming dividend of ₹0.85 per share at 2.2% yield

Manappuram Finance Limited Announces Board Changes

Second quarter 2024 earnings released: EPS: ₹6.62 (vs ₹4.84 in 2Q 2023)

Manappuram Finance Limited to Report Q2, 2024 Results on Nov 10, 2023

Upcoming dividend of ₹0.80 per share at 2.2% yield

Price target increased by 8.0% to ₹160

Manappuram Finance Limited Appoints Mr. T .C Suseel Kumar as an Additional Director of the Company with Effect from November 01, 2023

Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat

Manappuram Finance Limited, Annual General Meeting, Aug 17, 2023

Manappuram Finance Limited to Report Q1, 2024 Results on Aug 10, 2023

Manappuram Finance Limited Announces Board Changes, Effective on July 24, 2023

Insider recently sold ₹1.3m worth of stock

Manappuram Finance Limited Appoints ISSAC EA as Chief Compliance Officer

Upcoming dividend of ₹0.75 per share at 2.7% yield

Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat

Manappuram Finance Limited Declares Interim Dividend, Payable on or Before June 10, 2023

Investor sentiment deteriorates as stock falls 19%

Manappuram Finance Limited Appoints Sumitha Jayasankar as an Executive Director

Upcoming dividend of ₹0.75 per share at 2.6% yield

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Manappuram Finance Limited Declares Interim Dividend

Manappuram Finance Limited to Report Q3, 2023 Results on Feb 03, 2023

High number of new directors

Insider recently sold ₹12m worth of stock

Second quarter 2023 earnings released: EPS: ₹4.84 (vs ₹4.37 in 2Q 2022)

Manappuram Finance Limited Declares an Interim Dividend for the Fiscal Year 2023, Payable on or Before December 10, 2022

Manappuram Finance Limited to Report Q2, 2023 Results on Nov 12, 2022

Now 21% undervalued

Key Executive recently bought ₹14m worth of stock

Upcoming dividend of ₹0.75 per share

Now 20% undervalued

Manappuram Finance Limited Declares Interim Dividend, Payable on or Before September 2, 2022

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Manappuram Finance Limited, Annual General Meeting, Aug 25, 2022

Manappuram Finance Limited to Report Q1, 2023 Results on Aug 04, 2022

Manappuram Finance Limited Announces Resignation of Sutapa Banerjee as Women Independent Non- Executive Director

Key Executive recently bought ₹9.9m worth of stock

Key Executive recently bought ₹20m worth of stock

Investor sentiment deteriorated over the past week