IIFL Securities Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Rajamani Venkataraman

Chief executive officer

₹53.4m

Total compensation

CEO salary percentage	76.5%
CEO tenure	5yrs
CEO ownership	3.7%
Management average tenure	1.2yrs
Board average tenure	4.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Rajamani Venkataraman's remuneration changed compared to IIFL Securities's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹4b
Sep 30 2023	n/a	n/a	₹3b
Jun 30 2023	n/a	n/a	₹3b
Mar 31 2023	₹53m	₹41m	₹3b
Dec 31 2022	n/a	n/a	₹2b
Sep 30 2022	n/a	n/a	₹3b
Jun 30 2022	n/a	n/a	₹3b
Mar 31 2022	₹41m	₹41m	₹3b
Dec 31 2021	n/a	n/a	₹3b
Sep 30 2021	n/a	n/a	₹3b
Jun 30 2021	n/a	n/a	₹2b
Mar 31 2021	₹36m	₹35m	₹2b
Dec 31 2020	n/a	n/a	₹2b
Sep 30 2020	n/a	n/a	₹2b
Jun 30 2020	n/a	n/a	₹2b
Mar 31 2020	₹45m	₹45m	₹2b

Compensation vs Market: Rajamani's total compensation ($USD639.91K) is above average for companies of similar size in the Indian market ($USD271.33K).

Compensation vs Earnings: Rajamani's compensation has increased by more than 20% in the past year.

CEO

Rajamani Venkataraman (56 yo)

5yrs

Tenure

₹53,414,703

Compensation

Mr. Rajamani Venkataraman, MBA, B.Tech, has been Chairman of IIFL Securities Limited since October 16, 2020. He has been Managing Director of IIFL Finance Ltd. (Formerly, IIFL Holdings Limited) since May 7...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Rajamani Venkataraman	Chairman & MD	no data	₹53.41m	3.7% ₹ 1.6b
Narendra Jain	President of Operations & Whole Time Director	no data	₹12.26m	0.034% ₹ 15.1m
Ronak Gandhi	Chief Financial Officer	4.6yrs	₹2.62m	no data
Nipun Goel	President of Investment Banking	no data	no data	no data
Aditya Pratap Sisodia	Chief Technology Officer	less than a year	no data	no data
Prasad Umarale	Chief Compliance Officer	no data	no data	no data
Alok Arya	Chief Marketing Officer	2.1yrs	no data	no data
Geetha Menon	Head of Human Resources	less than a year	no data	no data
H. Nemkumar	Whole-time Director & President of Institutional Equities	no data	no data	no data
Vasudev Jagannath	President of Institutional Sales	no data	no data	no data
G. Giri	Senior Vice President of Institutional Research	no data	no data	no data
Sandeep Bhardwaj	Chief Executive Officer of Retail Broking	no data	no data	no data

1.2yrs

Average Tenure

Experienced Management: 542773's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Rajamani Venkataraman	Chairman & MD	5yrs	₹53.41m	3.7% ₹ 1.6b
Narendra Jain	President of Operations & Whole Time Director	5yrs	₹12.26m	0.034% ₹ 15.1m
H. Nemkumar	Whole-time Director & President of Institutional Equities	no data	no data	no data
Anand Bathiya	Independent Non-Executive Director	3.7yrs	₹1.59m	no data
Rekha Warriar	Non-Executive Independent Director	5yrs	₹1.56m	no data
Shamik Sharma	Non-Executive Independent Director	4.3yrs	₹1.32m	no data
Viswanathan Krishnan	Independent Non-Executive Director	3.3yrs	₹1.60m	no data

4.7yrs

Average Tenure

54yo

Average Age

Experienced Board: 542773's board of directors are considered experienced (4.7 years average tenure).

IIFL Securities Management

Management criteria checks 1/4

Key information

Recent management updates

Insufficient new directors

Iifl Securities Limited Appoints Aditya Sisodia as Chief Technology Officer (Retail Broking) and Geetha Menon as Head - Human Resources, Effective January 22, 2024

IIFL Securities Limited Announces Resignation of Deepan Raje, Head - Human Resources (Senior Management Personnel)

IIFL Securities Limited, Annual General Meeting, Aug 31, 2023

IIFL Securities Limited, Annual General Meeting, Aug 31, 2023

IIFL Securities Limited, Annual General Meeting, Jul 12, 2022

Recent updates

Investor sentiment improves as stock rises 16%

Upcoming dividend of ₹3.00 per share

Investor sentiment deteriorates as stock falls 16%

IIFL Securities Limited Approves an Interim Dividend for the Financial Year 2023-2024, Payable on or Before March 30, 2024

Investor sentiment deteriorates as stock falls 15%

Insufficient new directors

Iifl Securities Limited Appoints Aditya Sisodia as Chief Technology Officer (Retail Broking) and Geetha Menon as Head - Human Resources, Effective January 22, 2024

Third quarter 2024 earnings released: EPS: ₹4.91 (vs ₹2.12 in 3Q 2023)

IIFL Securities Limited to Report Q3, 2024 Results on Jan 22, 2024

Investor sentiment improves as stock rises 15%

New major risk - Revenue and earnings growth

Second quarter 2024 earnings released: EPS: ₹3.53 (vs ₹1.83 in 2Q 2023)

IIFL Securities Limited to Report Q2, 2024 Results on Oct 17, 2023

IIFL Securities Limited Announces Resignation of Deepan Raje, Head - Human Resources (Senior Management Personnel)

IIFL Securities Limited, Annual General Meeting, Aug 31, 2023

IIFL Securities Limited, Annual General Meeting, Aug 31, 2023

New major risk - Revenue and earnings growth

First quarter 2024 earnings released: EPS: ₹2.45 (vs ₹1.44 in 1Q 2023)

Investor sentiment deteriorates as stock falls 16%

Full year 2023 earnings released: EPS: ₹8.22 (vs ₹10.09 in FY 2022)

Upcoming dividend of ₹3.00 per share at 4.5% yield

IIFL Securities Limited Announces Dividend for the Financial Year 2022-2023

Third quarter 2023 earnings released: EPS: ₹2.12 (vs ₹2.84 in 3Q 2022)

IIFL Securities Limited to Report Q3, 2023 Results on Jan 23, 2023

5paisa Capital Limited (BSE:540776) agreed to acquire Online Retail Trading Business of IIFL Securities from IIFL Securities Limited (NSEI:IIFLSEC).

Second quarter 2023 earnings released: EPS: ₹1.83 (vs ₹2.34 in 2Q 2022)

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

Now 21% undervalued after recent price drop

First quarter 2023 earnings released: EPS: ₹1.44 (vs ₹2.20 in 1Q 2022)

IIFL Securities Limited to Report Q1, 2023 Results on Jul 28, 2022

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Now 22% undervalued after recent price drop

IIFL Securities Limited, Annual General Meeting, Jul 12, 2022

IIFL Securities Limited, Annual General Meeting, Jul 12, 2022

Investor sentiment deteriorated over the past week

Full year 2022 earnings released: EPS: ₹10.09 (vs ₹6.97 in FY 2021)

High number of new and inexperienced directors

IIFL Securities Limited Appoints Alok Arya as A Chief Marketing Officer

IIFL Securities Limited to Report Q4, 2022 Results on Apr 26, 2022

Investor sentiment improved over the past week

Upcoming dividend of ₹3.00 per share

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

IIFL Capital Enhancer Fund entered into a share purchase agreement to acquire 21.875 stake in Giskard Datatech Private Limited from IIFL Securities Limited (NSEI:IIFLSEC).

IIFL Securities Limited (NSEI:IIFLSEC) entered into an agreement to acquire Rajen Chandrakant Securities Private Limited.

Gaurav Dubey entered into a Share Purchase Agreement 5% stake in Livlong Protection and Wellness Solutions Ltd from IIFL Securities Limited (NSEI:IIFLSEC) for INR 2.7 million.

Insider recently sold ₹2.7m worth of stock

Insider recently sold ₹2.0m worth of stock

Second quarter 2022 earnings released: EPS ₹2.34 (vs ₹1.59 in 2Q 2021)

Investor sentiment improved over the past week

Insider recently sold ₹1.1m worth of stock

First quarter 2022 earnings released: EPS ₹2.20 (vs ₹1.30 in 1Q 2021)

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS ₹6.97 (vs ₹7.33 in FY 2020)

Investor sentiment improved over the past week

Insider recently sold ₹1.2m worth of stock

Full year 2021 earnings released: EPS ₹6.97 (vs ₹7.33 in FY 2020)

IIFL Securities Limited Declares Interim Dividend for the Financial Year 2020-2021

Investor sentiment improved over the past week

IIFL Securities Limited Announces Cessation of Mohan Radhakrishnan as Independent Director, Effective January 2, 2021

Third quarter 2021 earnings released: EPS ₹1.58

IIFL Securities Limited to Report Q3, 2021 Results on Jan 21, 2021

New 90-day high: ₹48.05

New 90-day high: ₹48.00

IIFL Securities Limited Announces Board Changes

New 90-day high: ₹46.65

Market bids up stock over the past week

First half earnings released

IIFL Securities Limited Appoints Venkataraman Rajamani as Chairman

New 90-day low: ₹37.15