IBL Finance Management
Management criteria checks 3/4
IBL Finance's CEO is Manishbhai Patel, appointed in May 2023, has a tenure of 1.42 years. total yearly compensation is ₹3.00M, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 33.1% of the company’s shares, worth ₹597.63M. The average tenure of the management team and the board of directors is 1.4 years and 4.3 years respectively.
Key information
Manishbhai Patel
Chief executive officer
₹3.0m
Total compensation
| CEO salary percentage | 100.0% |
| CEO tenure | 1.4yrs |
| CEO ownership | 33.1% |
| Management average tenure | 1.4yrs |
| Board average tenure | 4.3yrs |
Recent management updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | ₹3m | ₹3m | ₹23m |
| Sep 30 2023 | n/a | n/a | ₹24m |
| Jun 30 2023 | n/a | n/a | ₹22m |
| Mar 31 2023 | ₹5m | n/a | ₹19m |
| Mar 31 2022 | ₹1m | n/a | ₹4m |
| Mar 31 2021 | ₹957k | n/a | -₹988k |
Compensation vs Market: Manishbhai's total compensation ($USD35.71K) is about average for companies of similar size in the Indian market ($USD42.87K).
Compensation vs Earnings: Manishbhai's compensation has been consistent with company performance over the past year.
CEO
Manishbhai Patel (38 yo)
1.4yrs
Tenure
₹3,000,000
Compensation
Mr. Manishbhai Mansukbhai Patel is the Chairman at IBL Finance Limited since June 21, 2023 and has been its Managing Director since May 27, 2023 and has been its Director since August 03, 2017. He was prev...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 1.4yrs | ₹3.00m | 33.1% ₹ 597.6m | |
| Whole-Time Director | 7.2yrs | ₹1.50m | 11.69% ₹ 211.0m | |
| Whole-Time Director | 7.2yrs | ₹3.00m | 18.3% ₹ 330.4m | |
| Chief Financial Officer | less than a year | no data | no data | |
| Company Secretary & Compliance Officer | less than a year | no data | no data |
1.4yrs
Average Tenure
44yo
Average Age
Experienced Management: IBLFL's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 7.2yrs | ₹3.00m | 33.1% ₹ 597.6m | |
| Whole-Time Director | 7.2yrs | ₹1.50m | 11.69% ₹ 211.0m | |
| Whole-Time Director | 7.2yrs | ₹3.00m | 18.3% ₹ 330.4m | |
| Non-Executive Independent Director | 1.5yrs | no data | no data | |
| Non-Executive Director | 1.5yrs | no data | 0.14% ₹ 2.6m | |
| Non-Executive Independent Director | 1.5yrs | no data | no data |
4.3yrs
Average Tenure
41yo
Average Age
Experienced Board: IBLFL's board of directors are considered experienced (4.3 years average tenure).