Karnavati Finance Limited

BSE:538928 Stock Report

Market Cap: ₹223.1m

Karnavati Finance Management

Management criteria checks 4/4

Karnavati Finance's CEO is Jay Morzaria, appointed in Jul 2014, has a tenure of 9.92 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 ₹25.69M. The average tenure of the management team and the board of directors is 9.9 years and 5.8 years respectively.

Key information

Jay Morzaria

Chief executive officer

₹1.2m

Total compensation

CEO salary percentage100.0%
CEO tenure9.9yrs
CEO ownership11.5%
Management average tenure9.9yrs
Board average tenure5.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jay Morzaria's remuneration changed compared to Karnavati Finance's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2024n/an/a

-₹17m

Dec 31 2023n/an/a

-₹21m

Sep 30 2023n/an/a

-₹794k

Jun 30 2023n/an/a

₹251k

Mar 31 2023₹1m₹1m

₹6m

Dec 31 2022n/an/a

₹28m

Sep 30 2022n/an/a

₹18m

Jun 30 2022n/an/a

₹7m

Mar 31 2022₹1m₹1m

₹3m

Dec 31 2021n/an/a

-₹12m

Sep 30 2021n/an/a

-₹3m

Jun 30 2021n/an/a

-₹2m

Mar 31 2021₹1mn/a

₹1m

Dec 31 2020n/an/a

-₹3m

Sep 30 2020n/an/a

₹5m

Jun 30 2020n/an/a

₹936k

Mar 31 2020₹600k₹600k

₹1m

Dec 31 2019n/an/a

₹8m

Sep 30 2019n/an/a

-₹2m

Jun 30 2019n/an/a

₹7m

Mar 31 2019₹600k₹600k

₹7m

Dec 31 2018n/an/a

₹2m

Sep 30 2018n/an/a

₹6m

Jun 30 2018n/an/a

₹6m

Mar 31 2018₹375k₹375k

₹6m

Compensation vs Market: Jay's total compensation ($USD14.36K) is below average for companies of similar size in the Indian market ($USD39.08K).

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


CEO

Jay Morzaria (35 yo)

9.9yrs

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

NamePositionTenureCompensationOwnership
Jay Morzaria
MD & Director9.9yrs₹1.20m11.52%
₹ 25.7m
Kush Morzaria
Chief Financial Officer6.3yrs₹300.00k14.71%
₹ 32.8m
Akanksha Rai
Company Secretary & Compliance Officer3.7yrs₹180.00kno data
Ramanbhai Morzaria
Finance Head & Whole-Time Directorno data₹900.00k29.24%
₹ 65.2m
Dipti Gandhi
Accounts Manager10.2yrsno datano data
Niraj Monani
Marketing Manager12.1yrs₹108.00kno data

9.9yrs

Average Tenure

36.5yo

Average Age

Experienced Management: 538928's management team is seasoned and experienced (9.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jay Morzaria
MD & Director13.8yrs₹1.20m11.52%
₹ 25.7m
Ramanbhai Morzaria
Finance Head & Whole-Time Director22.8yrs₹900.00k29.24%
₹ 65.2m
Vineshkumar Makadia
Non-Executive Non Independent Director3.4yrsno datano data
Birmda Bilimoria
Non-Executive Independent Women Director5.8yrsno datano data
Parth Maniar
Non-Executive Independent Director5.8yrsno datano data
Ashish Batavia
Non-Executive Chairman of Boardless than a yearno datano data

5.8yrs

Average Tenure

41.5yo

Average Age

Experienced Board: 538928's board of directors are considered experienced (5.8 years average tenure).


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