Thirdwave Financial Intermediaries Management

Management criteria checks 0/4

Thirdwave Financial Intermediaries' CEO is Utkarsh Vartak, appointed in Aug 2023, has a tenure of 1.08 years. directly owns 38.39% of the company’s shares, worth ₹2.20B. The average tenure of the management team and the board of directors is 1.1 years and 1.1 years respectively.

Key information

Utkarsh Vartak

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	1.1yrs
CEO ownership	38.4%
Management average tenure	1.1yrs
Board average tenure	1.1yrs

Recent management updates

Recent updates

CEO

Utkarsh Vartak (43 yo)

1.1yrs

Tenure

Mr. Utkarsh Chandrakant Vartak serves as Chairman of the Board at Thirdwave Financial Intermediaries Limited since 2023. He is Additional Director of Thirdwave Financial Intermediaries Limited from August...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Utkarsh Vartak	MD & Chairman of the Board	1.1yrs	no data	38.39% ₹ 2.2b
Deepak Kumar Kumbhar	Chief Financial Officer	1.1yrs	no data	no data
Nisha Jain	Company Secretary & Compliance Officer	1.1yrs	no data	no data
Rashmi Vartak	Whole Time Director	no data	no data	no data

1.1yrs

Average Tenure

Experienced Management: 531652's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Utkarsh Vartak	MD & Chairman of the Board	1.1yrs	no data	38.39% ₹ 2.2b
Rashmi Vartak	Whole Time Director	1.1yrs	no data	no data
Ekta Panchal	Additional Woman Independent Director	1.1yrs	no data	no data
Bhavesh Prabhudas Vora	Additional Independent Director	1.1yrs	no data	no data
Amey Shringar	Additional Independent Director	less than a year	no data	no data
Amey Shringare	Independent Director	no data	no data	no data

1.1yrs

Average Tenure

43yo

Average Age

Experienced Board: 531652's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.

Thirdwave Financial Intermediaries Management

Management criteria checks 0/4

Key information

Recent management updates

Thirdwave Financial Intermediaries Limited Announces Resignation of Nisha Jain as Company Secretary

Thirdwave Financial Intermediaries Limited, Annual General Meeting, Sep 28, 2024

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new and inexperienced directors

Recent updates

Thirdwave Financial Intermediaries Limited Announces Resignation of Nisha Jain as Company Secretary

Thirdwave Financial Intermediaries Limited, Annual General Meeting, Sep 28, 2024

First quarter 2025 earnings released: EPS: ₹0.18 (vs ₹1.49 loss in 1Q 2024)

Thirdwave Financial Intermediaries Limited to Report Q1, 2025 Results on Aug 13, 2024

New major risk - Shareholder dilution

Thirdwave Financial Intermediaries Limited to Report Q4, 2024 Results on May 30, 2024

Thirdwave Financial Intermediaries Limited announced that it expects to receive INR 156.145 million in funding

Investor sentiment improves as stock rises 28%

High number of new and inexperienced directors

Third quarter 2024 earnings released: EPS: ₹0.32 (vs ₹0.002 loss in 3Q 2023)

Thirdwave Financial Intermediaries Limited to Report Nine Months, 2024 Results on Feb 12, 2024

High number of new and inexperienced directors

Second quarter 2024 earnings released: EPS: ₹1.89 (vs ₹0.20 in 2Q 2023)

High number of new and inexperienced directors

High number of new and inexperienced directors

Thirdwave Financial Intermediaries Limited Announces Resignation of Vinay Kumar Agarwal as Director

Thirdwave Financial Intermediaries Limited Announces Change in Directorate

Thirdwave Financial Intermediaries Limited Announces Resignation of Nidhi Jasrasaria as Chief Financial Officer, Effective from 1 August, 2023

Thirdwave Financial Intermediaries Limited Announces Resignation of Suman Agarwal as Director

First quarter 2024 earnings released: ₹1.49 loss per share (vs ₹0.60 loss in 1Q 2023)

Thirdwave Financial Intermediaries Limited, Annual General Meeting, Sep 21, 2023

Thirdwave Financial Intermediaries Limited to Report Q1, 2024 Results on Jul 13, 2023

Thirdwave Financial Intermediaries Limited Announces Resignation of Vinay Kumar Agarwal as Managing Director

Full year 2023 earnings released: ₹0.39 loss per share (vs ₹0.25 profit in FY 2022)

Thirdwave Financial Intermediaries Limited to Report Q3, 2023 Results on Feb 02, 2023

Thirdwave Financial Intermediaries Limited, Annual General Meeting, Sep 29, 2022

Investor sentiment improved over the past week

Thirdwave Financial Intermediaries Limited to Report Q4, 2022 Results on May 12, 2022

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

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

Investor sentiment improved over the past week

Thirdwave Financial Intermediaries Limited to Report Q3, 2020 Results on Feb 11, 2021

Thirdwave Financial Intermediaries Limited Announces Appointment of Puneet Gupta as Non-Executive Independent Director

Thirdwave Financial Intermediaries Limited to Report Q1, 2020 Results on Aug 06, 2020

CEO

Tenure

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age