ICICI Securities Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Vijay Chandok

Chief executive officer

₹68.6m

Total compensation

CEO salary percentage	37.8%
CEO tenure	5yrs
CEO ownership	n/a
Management average tenure	5.5yrs
Board average tenure	5.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Vijay Chandok's remuneration changed compared to ICICI Securities's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	₹17b
Dec 31 2023	n/a	n/a	₹14b
Sep 30 2023	n/a	n/a	₹12b
Jun 30 2023	n/a	n/a	₹11b
Mar 31 2023	₹69m	₹26m	₹11b
Dec 31 2022	n/a	n/a	₹12b
Sep 30 2022	n/a	n/a	₹13b
Jun 30 2022	n/a	n/a	₹13b
Mar 31 2022	₹60m	₹24m	₹14b
Dec 31 2021	n/a	n/a	₹14b
Sep 30 2021	n/a	n/a	₹13b
Jun 30 2021	n/a	n/a	₹12b
Mar 31 2021	₹44m	₹42m	₹11b
Dec 31 2020	n/a	n/a	₹9b
Sep 30 2020	n/a	n/a	₹8b
Jun 30 2020	n/a	n/a	₹6b
Mar 31 2020	₹51m	₹22m	₹5b

Compensation vs Market: Vijay's total compensation ($USD822.37K) is above average for companies of similar size in the Indian market ($USD562.25K).

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

CEO

Vijay Chandok (55 yo)

5yrs

Tenure

₹68,559,503

Compensation

Mr. Vijay Kumar Chandok, B.Tech, MMS, has been Managing Director, Chief Executive Officer and Director of ICICI Securities Limited since May 07, 2019. Mr. Chandok served as an Executive Director of ICICI B...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Vijay Chandok	MD, CEO & Director	5yrs	₹68.56m	no data
Ajay Saraf	Head of Investment Banking & Institutional Broking Divisions and Executive Director	no data	₹39.77m	0.0076% ₹ 18.5m
Harvinder Jaspal	CFO & Head of Operations	no data	₹12.80m	no data
Piyush Garg	Head of Treasury & CIO	no data	no data	no data
Ragunath Balaji	Chief Technology & Digital Officer	less than a year	no data	no data
Raju Nanwani	Senior VP	no data	₹10.60m	no data
Nidhi Kajaria	Head of Human Resources	no data	no data	no data
Anupam Guha	Head of Private Wealth Management	15.5yrs	no data	no data
Jaideep Goswami	Head of Equities	12.7yrs	no data	no data
Ripujit Chaudhuri	Chief Risk Officer	no data	no data	no data
Manoj Menon	Head of Institutional Research	5.5yrs	no data	no data
Vishal Gulechha	Head of Retail Equities	no data	no data	no data

5.5yrs

Average Tenure

55yo

Average Age

Experienced Management: 541179's management team is seasoned and experienced (5.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Vijay Chandok	MD, CEO & Director	5yrs	₹68.56m	no data
Ajay Saraf	Head of Investment Banking & Institutional Broking Divisions and Executive Director	13yrs	₹39.77m	0.0076% ₹ 18.5m
Prasanna Balachander	Non-Executive Non-Independent Director	1.8yrs	no data	no data
Subrata Mukherji	Independent Director	6.5yrs	₹2.80m	no data
Narayanan Kannan	Executive Director of ICICI Bank	no data	no data	no data
Vijayalakshmi Iyer	Independent Director	6.5yrs	₹2.60m	no data
Rakesh Jha	Non-Executive Non-Independent Director	1.7yrs	no data	no data
T. Srirang	Additional Director	no data	no data	no data
Vinod Dhall	Independent Chairman of the Board	9.6yrs	₹2.00m	no data
Gopichand Katragadda	Independent Director	1.8yrs	₹1.55m	no data
Ashvin Parekh	Independent Director	7.8yrs	₹3.00m	no data

5.8yrs

Average Tenure

55yo

Average Age

Experienced Board: 541179's board of directors are considered experienced (5.8 years average tenure).

ICICI Securities Management

Management criteria checks 3/4

Key information

Recent management updates

ICICI Securities Limited Announces Resignation of Kedar Deshpande as Head - Retail Distribution, Effective April 12, 2024

ICICI Securities Limited Announces Resignation of Ankit Sharma, Head - Compliance and Legal, Effective December 7, 2023

ICICI Securities Limited Announces Executive Changes

ICICI Securities Limited, Annual General Meeting, Aug 29, 2023

ICICI Securities Limited Appoints Rakesh Jha as Additional Director

ICICI Securities Limited Announces Resignation of Anup Bagchi as Non-Executive Non-Independent Director

Recent updates

ICICI Securities Limited Approves Second Interim Dividend, Payable on or Before May 18, 2024

Full year 2024 earnings: EPS and revenues exceed analyst expectations

ICICI Securities Limited Announces Resignation of Kedar Deshpande as Head - Retail Distribution, Effective April 12, 2024

Third quarter 2024 earnings released: EPS: ₹14.41 (vs ₹8.71 in 3Q 2023)

Upcoming dividend of ₹12.00 per share at 3.2% yield

Second quarter 2024 earnings released: EPS: ₹13.11 (vs ₹9.30 in 2Q 2023)

ICICI Securities Limited Announces Resignation of Ankit Sharma, Head - Compliance and Legal, Effective December 7, 2023

ICICI Securities Limited to Report Q2, 2024 Results on Oct 16, 2023

ICICI Securities Limited Announces Executive Changes

Upcoming dividend of ₹9.25 per share at 3.1% yield

ICICI Securities Limited, Annual General Meeting, Aug 29, 2023

First quarter 2024 earnings released: EPS: ₹8.39 (vs ₹8.48 in 1Q 2023)

Investor sentiment improves as stock rises 20%

Price target decreased by 7.9% to ₹508

Third quarter 2023 earnings released: EPS: ₹8.71 (vs ₹11.79 in 3Q 2022)

Upcoming dividend of ₹9.75 per share

Second quarter 2023 earnings released: EPS: ₹9.30 (vs ₹10.89 in 2Q 2022)

ICICI Securities Limited Announces Interim Dividend, Payable on or Before November 19, 2022

ICICI Securities Limited to Report Q2, 2023 Results on Oct 20, 2022

ICICI Securities Limited Appoints Rakesh Jha as Additional Director

ICICI Securities Limited Announces Resignation of Anup Bagchi as Non-Executive Non-Independent Director

High number of new directors

ICICI Securities Limited Approves Board Appointments

Upcoming dividend of ₹12.75 per share

ICICI Securities Limited (NSEI:ISEC) acquired Vartul Solutions Private Limited.

ICICI Securities Limited, Annual General Meeting, Aug 26, 2022

Price target decreased to ₹514

Insufficient new directors

ICICI Securities Limited Announces Resignation of Mr. Pankaj Gadgil as Additional Director (Non-Executive Non-Independent Director)

Now 20% undervalued after recent price drop

ICICI Securities Limited Announces Resignation of Pramod Rao as Non-Executive Non-Independent Director

Insufficient new directors

Price target decreased to ₹742

ICICI Securities Limited Proposes Final Dividend

Now 21% undervalued after recent price drop

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Second quarter 2022 earnings released: EPS ₹10.89 (vs ₹8.64 in 2Q 2021)

Investor sentiment improved over the past week

Head of Institutional Equities recently sold ₹4.4m worth of stock

Upcoming dividend of ₹13.50 per share

Head of Institutional Equities recently sold ₹1.5m worth of stock

First quarter 2022 earnings released

Price target increased to ₹593

Head of Institutional Equities recently sold ₹3.5m worth of stock

Insider recently sold ₹1.2m worth of stock

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS ₹33.14 (vs ₹16.83 in FY 2020)

New 90-day low: ₹403

New 90-day low: ₹413

Revenue and earnings beat expectations

Head of Institutional Equities recently sold ₹3.4m worth of stock

ICICI Securities Limited to Report Q3, 2021 Results on Jan 25, 2021

First half earnings released

New 90-day low: ₹449

Icici Securities Appoints Subhash Kelkar as Chief Technology and Digital Officer

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age