Karnavati Finance Management
Management criteria checks 4/4
Karnavati Finance's CEO is Jay Morzaria, appointed in Jul 2014, has a tenure of 10.33 years. total yearly compensation is ₹1.20M, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 11.52% of the company’s shares, worth ₹26.39M. The average tenure of the management team and the board of directors is 8.5 years and 6.2 years respectively.
Key information
Jay Morzaria
Chief executive officer
₹1.2m
Total compensation
| CEO salary percentage | 100.0% |
| CEO tenure | 10.3yrs |
| CEO ownership | 11.5% |
| Management average tenure | 8.5yrs |
| Board average tenure | 6.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | -₹12m |
| Mar 31 2024 | ₹1m | ₹1m | -₹17m |
| Dec 31 2023 | n/a | n/a | -₹21m |
| Sep 30 2023 | n/a | n/a | -₹794k |
| Jun 30 2023 | n/a | n/a | ₹251k |
| Mar 31 2023 | ₹1m | ₹1m | ₹6m |
| Dec 31 2022 | n/a | n/a | ₹28m |
| Sep 30 2022 | n/a | n/a | ₹18m |
| Jun 30 2022 | n/a | n/a | ₹7m |
| Mar 31 2022 | ₹1m | ₹1m | ₹3m |
| Dec 31 2021 | n/a | n/a | -₹12m |
| Sep 30 2021 | n/a | n/a | -₹3m |
| Jun 30 2021 | n/a | n/a | -₹2m |
| Mar 31 2021 | ₹1m | n/a | ₹1m |
| Dec 31 2020 | n/a | n/a | -₹3m |
| Sep 30 2020 | n/a | n/a | ₹5m |
| Jun 30 2020 | n/a | n/a | ₹936k |
| Mar 31 2020 | ₹600k | ₹600k | ₹1m |
| Dec 31 2019 | n/a | n/a | ₹8m |
| Sep 30 2019 | n/a | n/a | -₹2m |
| Jun 30 2019 | n/a | n/a | ₹7m |
| Mar 31 2019 | ₹600k | ₹600k | ₹7m |
| Dec 31 2018 | n/a | n/a | ₹2m |
| Sep 30 2018 | n/a | n/a | ₹6m |
| Jun 30 2018 | n/a | n/a | ₹6m |
| Mar 31 2018 | ₹375k | ₹375k | ₹6m |
Compensation vs Market: Jay's total compensation ($USD14.21K) is below average for companies of similar size in the Indian market ($USD42.61K).
Compensation vs Earnings: Jay's compensation has been consistent with company performance over the past year.
CEO
Jay Morzaria (35 yo)
10.3yrs
Tenure
₹1,200,000
Compensation
Mr. Jay Ramanbhai Morzaria has been Managing Director and Director at Karnavati Finance Limited since July 1, 2014 and September 15, 2010 respectively. He served as the Chairman at Karnavati Finance Ltd. M...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Director | 10.3yrs | ₹1.20m | 11.52% ₹ 26.4m | |
| Whole-Time Director | 23.2yrs | ₹900.00k | 29.24% ₹ 67.0m | |
| Chief Financial Officer | 6.7yrs | ₹300.00k | 14.71% ₹ 33.7m | |
| Company Secretary & Compliance Officer | 4.1yrs | ₹180.00k | no data |
8.5yrs
Average Tenure
34yo
Average Age
Experienced Management: 538928's management team is seasoned and experienced (8.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Director | 14.2yrs | ₹1.20m | 11.52% ₹ 26.4m | |
| Whole-Time Director | 23.2yrs | ₹900.00k | 29.24% ₹ 67.0m | |
| Non-Executive Non Independent Director | 3.8yrs | no data | no data | |
| Non-Executive Independent Women Director | 6.3yrs | no data | no data | |
| Non-Executive Independent Director | 6.2yrs | no data | no data | |
| Non-Executive Chairman of Board | 1.4yrs | no data | no data |
6.2yrs
Average Tenure
41.5yo
Average Age
Experienced Board: 538928's board of directors are considered experienced (6.2 years average tenure).