CARE Ratings Management
Management criteria checks 2/4
CARE Ratings' CEO is Mehul Pandya, appointed in Jun 2022, has a tenure of 3.25 years. total yearly compensation is ₹42.23M, comprised of 55.1% salary and 44.9% bonuses, including company stock and options. directly owns 0.15% of the company’s shares, worth ₹70.78M. The average tenure of the management team and the board of directors is 3.3 years and 2.8 years respectively.
Key information
Mehul Pandya
Chief executive officer
₹42.2m
Total compensation
| CEO salary percentage | 55.13% |
| CEO tenure | 3.3yrs |
| CEO ownership | 0.1% |
| Management average tenure | 3.3yrs |
| Board average tenure | 2.8yrs |
Recent management updates
The Compensation For CARE Ratings Limited's (NSE:CARERATING) CEO Looks Deserved And Here's Why
Jul 04
Recent updates
Regulatory Reforms And Global Expansion Will Drive Rating Demand
Key Takeaways Expansion into global markets, new product lines, and regulatory trends are driving sustained revenue growth and long-term earnings stability. Automation and AI adoption are improving operational efficiency, supporting margin expansion and a premium revenue mix.The Compensation For CARE Ratings Limited's (NSE:CARERATING) CEO Looks Deserved And Here's Why
Jul 04CARE Ratings (NSE:CARERATING) Has Affirmed Its Dividend Of ₹11.00
Jun 19CARE Ratings (NSE:CARERATING) Is Paying Out A Dividend Of ₹11.00
May 21CARE Ratings Limited's (NSE:CARERATING) 35% Share Price Surge Not Quite Adding Up
May 14CARE Ratings Limited's (NSE:CARERATING) Business Is Yet to Catch Up With Its Share Price
Feb 02CARE Ratings Limited (NSE:CARERATING) Just Released Its Third-Quarter Earnings: Here's What Analysts Think
Feb 01CARE Ratings (NSE:CARERATING) Has Announced That It Will Be Increasing Its Dividend To ₹6.00
Aug 21CARE Ratings (NSE:CARERATING) Is Increasing Its Dividend To ₹6.00
Aug 06Read This Before Buying CARE Ratings Limited (NSE:CARERATING) For Its Dividend
Apr 01How Much Did CARE Ratings'(NSE:CARERATING) Shareholders Earn From Share Price Movements Over The Last Three Years?
Mar 05What Kind Of Shareholders Hold The Majority In CARE Ratings Limited's (NSE:CARERATING) Shares?
Feb 05Tread With Caution Around CARE Ratings Limited's (NSE:CARERATING) 3.7% Dividend Yield
Jan 01CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2025 | n/a | n/a | ₹1b |
| Mar 31 2025 | ₹42m | ₹23m | ₹1b |
| Dec 31 2024 | n/a | n/a | ₹1b |
| Sep 30 2024 | n/a | n/a | ₹1b |
| Jun 30 2024 | n/a | n/a | ₹1b |
| Mar 31 2024 | ₹36m | ₹19m | ₹1b |
| Dec 31 2023 | n/a | n/a | ₹960m |
| Sep 30 2023 | n/a | n/a | ₹885m |
| Jun 30 2023 | n/a | n/a | ₹877m |
| Mar 31 2023 | ₹27m | ₹12m | ₹835m |
| Dec 31 2022 | n/a | n/a | ₹868m |
| Sep 30 2022 | n/a | n/a | ₹854m |
| Jun 30 2022 | n/a | n/a | ₹777m |
| Mar 31 2022 | ₹17m | n/a | ₹751m |
| Dec 31 2021 | n/a | n/a | ₹783m |
| Sep 30 2021 | n/a | n/a | ₹824m |
| Jun 30 2021 | n/a | n/a | ₹912m |
| Mar 31 2021 | ₹13m | n/a | ₹895m |
| Dec 31 2020 | n/a | n/a | ₹787m |
| Sep 30 2020 | n/a | n/a | ₹775m |
| Jun 30 2020 | n/a | n/a | ₹785m |
| Mar 31 2020 | ₹10m | ₹9m | ₹824m |
| Dec 31 2019 | n/a | n/a | ₹1b |
| Sep 30 2019 | n/a | n/a | ₹1b |
| Jun 30 2019 | n/a | n/a | ₹1b |
| Mar 31 2019 | ₹9m | ₹9m | ₹1b |
Compensation vs Market: Mehul's total compensation ($USD479.08K) is above average for companies of similar size in the Indian market ($USD278.36K).
Compensation vs Earnings: Mehul's compensation has been consistent with company performance over the past year.
CEO
Mehul Pandya (53 yo)
Mr. Mehul Harshadray Pandya serves as Managing Director & Chief Executive Officer of CARE Ratings Limited since August 2022. He serves as Group Chief Executive Officer of CARE Ratings Limited since March 1...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, Group CEO & Director | 3.3yrs | ₹42.23m | 0.15% ₹ 70.8m | |
| Chief Financial Officer | 4.3yrs | ₹5.72m | no data | |
| Chief Information & Technology Officer | 3.3yrs | no data | no data | |
| Company Secretary & Compliance Officer | 1yr | no data | no data | |
| Head of Corporate Communications | no data | no data | no data | |
| Chief Human Resources Officer | 3.3yrs | no data | no data | |
| CEO, CareEdge Global & Executive Director of CareEdge Ratings | no data | ₹3.43m | no data | |
| Executive Director & Chief Ratings Officer | 4.5yrs | no data | no data | |
| Chief Economist | 3.4yrs | no data | no data | |
| Head of Criteria & Quality Control Team | 2.2yrs | no data | no data | |
| Co-CEO of Advisory CARE Analytics and Advisory Pvt. Ltd. | no data | ₹3.07m | no data | |
| CEO and Director of CARE Ratings Africa P Ltd | 3.3yrs | no data | no data |
Experienced Management: CARERATING's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, Group CEO & Director | 3.2yrs | ₹42.23m | 0.15% ₹ 70.8m | |
| CEO and Director of CARE Ratings Africa P Ltd | 3.3yrs | no data | no data | |
| Non-Executive Independent Director | 1.3yrs | ₹2.42m | no data | |
| Non-Executive Independent Director | less than a year | no data | no data | |
| Non-Executive Independent Director | 2.8yrs | ₹2.82m | no data | |
| Non-Executive Independent Chairman | 7.8yrs | ₹2.97m | no data | |
| Non-Executive Independent Director | less than a year | no data | no data | |
| Non-Executive & Non-Independent Director | 2.7yrs | ₹2.67m | no data |
Experienced Board: CARERATING's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/09/09 19:03 |
| End of Day Share Price | 2025/09/09 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2025/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
CARE Ratings Limited is covered by 7 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Pankaj Kadu | Axis Capital Limited |
| null null | Batlivala & Karani Securities India Pvt. Ltd. |
| Gaurav Jani | Centrum Broking Limited |