Sundaram Finance Management

Management criteria checks 3/4

Sundaram Finance's CEO is Rajiv Lochan, appointed in Apr 2021, has a tenure of 7.42 years. total yearly compensation is ₹56.77M, comprised of 35.4% salary and 64.6% bonuses, including company stock and options. directly owns 0.012% of the company’s shares, worth ₹61.63M. The average tenure of the management team and the board of directors is 5.5 years and 7.4 years respectively.

Key information

Rajiv Lochan

Chief executive officer

₹56.8m

Total compensation

CEO salary percentage	35.4%
CEO tenure	3yrs
CEO ownership	0.01%
Management average tenure	5.5yrs
Board average tenure	7.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Rajiv Lochan's remuneration changed compared to Sundaram Finance's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹16b
Sep 30 2023	n/a	n/a	₹15b
Jun 30 2023	n/a	n/a	₹14b
Mar 31 2023	₹57m	₹20m	₹13b
Dec 31 2022	n/a	n/a	₹12b
Sep 30 2022	n/a	n/a	₹12b
Jun 30 2022	n/a	n/a	₹11b
Mar 31 2022	₹45m	₹18m	₹12b
Dec 31 2021	n/a	n/a	₹11b
Sep 30 2021	n/a	n/a	₹12b
Jun 30 2021	n/a	n/a	₹12b
Mar 31 2021	₹24m	₹11m	₹12b
Dec 31 2020	n/a	n/a	₹11b
Sep 30 2020	n/a	n/a	₹10b
Jun 30 2020	n/a	n/a	₹9b
Mar 31 2020	₹1m	n/a	₹8b
Dec 31 2019	n/a	n/a	₹12b
Sep 30 2019	n/a	n/a	₹12b
Jun 30 2019	n/a	n/a	₹11b
Mar 31 2019	₹2m	n/a	₹12b
Mar 31 2018	₹1m	n/a	₹7b

Compensation vs Market: Rajiv's total compensation ($USD680.75K) is about average for companies of similar size in the Indian market ($USD558.69K).

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

CEO

Rajiv Lochan (52 yo)

3yrs

Tenure

₹56,772,000

Compensation

Mr. Rajiv Chellappa Lochan serves as the Managing Director at Sundaram Finance Ltd. since April 01, 2021 and serves as its Whole Time Director since June 3, 2020. He had been Managing Director, Chief Execu...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Rajiv Lochan	MD & Whole Time Director	3yrs	₹56.77m	0.012% ₹ 61.6m
Harsha Viji	Executive Vice Chairman	13.6yrs	₹57.23m	1.63% ₹ 8.7b
M. Ramaswamy	Chief Financial Officer	12.6yrs	₹23.80m	no data
Sudheer Warrier	Chief Technology & Digital Officer	no data	₹10.00m	no data
Ayalur Raju	Deputy MD & Director	no data	₹41.69m	no data
Moahan Venkatesan	Senior VP & Head of Tamil Nadu	3yrs	₹10.00m	no data
K. SankaraKumar	Senior Vice President of Corporate Finance	no data	₹7.40m	no data
M. Kulkarni	National Head of MH & CE	no data	₹7.10m	0.0033% ₹ 17.6m
Rajesh Venkat	Senior VP and Head of Western Region & Analytics	no data	₹8.30m	no data
N. Ramachandran	Executive Director	no data	₹6.90m	no data
K. Narayanan	GM and Head of Corporate Finance & SME	no data	no data	no data
S. Kumar	Deputy GM & Head of Administration	no data	no data	no data

5.5yrs

Average Tenure

61.5yo

Average Age

Experienced Management: 590071's management team is seasoned and experienced (5.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Rajiv Lochan	MD & Whole Time Director	7.4yrs	₹56.77m	0.012% ₹ 61.6m
Harsha Viji	Executive Vice Chairman	13.6yrs	₹57.23m	1.63% ₹ 8.7b
Ayalur Raju	Deputy MD & Director	9.8yrs	₹41.69m	no data
R. Venkatraman	National Head of Vruddhi & Director	no data	no data	no data
Santhanam Viji	Non-Executive & Non-Independent Chairman of the Board	38.3yrs	₹2.23m	2.41% ₹ 12.8b
Thiruvallur Srinivasaraghavan	Non-Executive & Non-Independent Director	26.2yrs	₹2.19m	no data
Srivats Ram	Non-Executive & Non-Independent Director	2.1yrs	₹1.38m	no data
Ganesh Lakshminarayan	Independent Director	3.7yrs	₹1.34m	no data
Seturaman Mahalingam	Independent Director	9.9yrs	₹1.74m	no data
Kshama Fernandes	Director	less than a year	no data	no data
Ragavendra Rao	Independent Director	5yrs	₹2.04m	0.0020% ₹ 10.5m
Bhavani Balasubramanian	Independent Director	1.2yrs	₹340.00k	no data

7.4yrs

Average Tenure

62yo

Average Age

Experienced Board: 590071's board of directors are considered experienced (7.4 years average tenure).

Sundaram Finance Management

Management criteria checks 3/4

Key information

Recent management updates

Sundaram Finance Limited Announces Cessation of Independent Directors

Independent Director recently sold ₹127m worth of stock

Independent Director recently bought ₹7.4m worth of stock

Sundaram Finance Limited Announces Appointment of P.N. Srikant as Chief Compliance Officer

Insider recently sold ₹12m worth of stock

Independent Non-Executive Director recently sold ₹2.3m worth of stock

Recent updates

Sundaram Finance Limited Announces Cessation of Independent Directors

Independent Director recently sold ₹127m worth of stock

Upcoming dividend of ₹14.00 per share at 0.8% yield

Sundaram Finance Limited Declares an Interim Dividend for the Financial Year 2023-24, Payable on March 1, 2024

Third quarter 2024 earnings released: EPS: ₹38.79 (vs ₹30.20 in 3Q 2023)

Independent Director recently bought ₹7.4m worth of stock

Second quarter 2024 earnings released: EPS: ₹33.16 (vs ₹27.78 in 2Q 2023)

Sundaram Finance Limited to Report First Half, 2024 Results on Nov 06, 2023

First quarter 2024 earnings released: EPS: ₹34.05 (vs ₹22.29 in 1Q 2023)

Sundaram Finance Limited Announces Appointment of P.N. Srikant as Chief Compliance Officer

Upcoming dividend of ₹15.00 per share at 1.1% yield

Full year 2023 earnings: EPS exceeds analyst expectations

Insider recently sold ₹12m worth of stock

Upcoming dividend of ₹12.00 per share at 1.0% yield

Third quarter 2023 earnings released: EPS: ₹30.20 (vs ₹26.21 in 3Q 2022)

Sundaram Finance Limited to Report Q3, 2023 Results on Feb 06, 2023

Independent Non-Executive Director recently sold ₹2.3m worth of stock

Price target increased to ₹2,504

MD & Whole Time Director recently bought ₹4.4m worth of stock

Price target increased to ₹2,367

Second quarter 2023 earnings released: EPS: ₹27.78 (vs ₹23.51 in 2Q 2022)

MD & Whole Time Director recently bought ₹9.4m worth of stock

Price target increased to ₹2,340

First quarter 2023 earnings released: EPS: ₹22.29 (vs ₹25.91 in 1Q 2022)

Sundaram Finance Limited to Report Q1, 2023 Results on Aug 08, 2022

Full year 2022 earnings released: EPS: ₹106 (vs ₹106 in FY 2021)

Sundaram Finance Limited, Annual General Meeting, Jul 27, 2022

Sundaram Finance Limited Recommends Final Dividend for the Year Ended March 31, 2022

Investor sentiment improved over the past week

Price target decreased to ₹2,166

Full year 2022 earnings released: EPS: ₹106 (vs ₹106 in FY 2021)

Sundaram Finance Limited Recommends Final Dividend for the Financial Year Ended March 31, 2022, Payable on or After 28th July 2022

Sundaram Finance Limited Appoints Sri Srivats Ram as Additional Director to Function as Non-Executive Non-Independent Director on the Board

Insider recently sold ₹16m worth of stock

Upcoming dividend of ₹10.00 per share

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

Sundaram Finance Limited Announces Resignation of S Ram as Director

Second quarter 2022 earnings released: EPS ₹23.51 (vs ₹25.69 in 2Q 2021)

Insider recently sold ₹30m worth of stock

Insider recently sold ₹868k worth of stock

Upcoming dividend of ₹6.00 per share

Upcoming dividend of ₹6.00 per share

Full year 2021 earnings released: EPS ₹106 (vs ₹69.78 in FY 2020)

Sundaram Finance Limited Recommends Final Dividend for the Financial Year 2020-21

Insider recently sold ₹13m worth of stock

Investor sentiment improved over the past week

New 90-day high: ₹2,499

Insider recently sold ₹351k worth of stock

New 90-day high: ₹1,960

Third quarter 2021 earnings released: EPS ₹31.06 (vs ₹20.13 in 3Q 2020)

Sundaram Finance Limited to Report Q3, 2021 Results on Feb 05, 2021

Sundaram Finance Limited Announces Board Changes

Insider recently sold ₹5.2m worth of stock

Price target raised to ₹1,638

New 90-day high: ₹1,804

Insider recently sold ₹25m worth of stock

New 90-day high: ₹1,719

Second quarter 2021 earnings released: EPS ₹25.69

Sundaram Finance Limited to Report Q2, 2021 Results on Nov 06, 2020

New 90-day high - ₹1,474

First quarter earnings released

Sundaram Finance Limited to Report Q1, 2021 Results on Aug 10, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age