Grasim Industries Management

Management criteria checks 3/4

Grasim Industries' CEO is Hari Agarwal, appointed in Dec 2021, has a tenure of 2.33 years. total yearly compensation is ₹99.95M, comprised of 59.9% salary and 40.1% bonuses, including company stock and options. directly owns 0.007% of the company’s shares, worth ₹114.92M. The average tenure of the management team and the board of directors is 2.7 years and 3.8 years respectively.

Key information

Hari Agarwal

Chief executive officer

₹100.0m

Total compensation

CEO salary percentage	59.9%
CEO tenure	2.3yrs
CEO ownership	0.007%
Management average tenure	2.7yrs
Board average tenure	3.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Hari Agarwal's remuneration changed compared to Grasim Industries's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹56b
Sep 30 2023	n/a	n/a	₹66b
Jun 30 2023	n/a	n/a	₹65b
Mar 31 2023	₹100m	₹60m	₹68b
Dec 31 2022	n/a	n/a	₹78b
Sep 30 2022	n/a	n/a	₹70b
Jun 30 2022	n/a	n/a	₹73b
Mar 31 2022	₹45m	₹45m	₹70b

Compensation vs Market: Hari's total compensation ($USD1.20M) is about average for companies of similar size in the Indian market ($USD946.56K).

Compensation vs Earnings: Hari's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Hari Agarwal (64 yo)

2.3yrs

Tenure

₹99,953,000

Compensation

Mr. Hari Krishna Agarwal serves as Director of Grasim Industries Limited and serves as its Managing Director since December 1, 2021. Mr. Agarwal served as Chief Operating Officer of Thai Rayon Public Compa...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Hari Agarwal	MD & Director	2.3yrs	₹99.95m	0.0072% ₹ 114.9m
Pavan Jain	Chief Financial Officer	1.7yrs	₹17.62m	0.0032% ₹ 50.9m
Sailesh Daga	Company Secretary & Compliance Officer	3yrs	₹14.74m	no data
Hutokshi Wadia	President	no data	no data	no data
Hemant Kadel	Senior President of Corporate Finance Division	no data	no data	0.0024% ₹ 38.5m
R. Manjunath	Executive Officer of Administration	no data	no data	no data
Ankit Panchmatia	Head of Investor Relations	no data	no data	no data
Pragnya Ram	Group Executive President of Corporate Communications & CSR	no data	no data	no data
Rajeev Gopal	Global Chief Sales & Marketing Officer and Group Executive President of Pulp & Fibre Business	no data	no data	no data
Gopi Tulsian	Executive President of Chemical Business	no data	₹8.31m	no data
Krishna Maheshwari	Business Head of Cement	7.9yrs	₹43.04m	0.038% ₹ 596.9m
Aspi Patel	Chief Technology Officer of Fibre & Pulp Business	no data	no data	0.0038% ₹ 60.2m

2.7yrs

Average Tenure

66yo

Average Age

Experienced Management: 500300's management team is considered experienced (2.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Hari Agarwal	MD & Director	2.3yrs	₹99.95m	0.0072% ₹ 114.9m
Thomas Connelly	Independent Director	13.7yrs	₹3.37m	no data
Cyril Shroff	Independent Director	23.8yrs	₹1.04m	no data
Kumar Birla	Non-Executive Chairman	31.5yrs	₹420.00k	0.20% ₹ 3.2b
Rajashree Birla	Non Executive Director	28.1yrs	₹14.69m	0.081% ₹ 1.3b
Adesh Gupta	Independent Director	2.9yrs	₹3.85m	0.010% ₹ 162.8m
Anita Ramachandran	Independent Director	5.7yrs	₹3.42m	no data
Raj Kumar	Non-Executive Director	2.4yrs	₹1.50m	no data
N. Mohan Raj	Non-Executive Independent Director	4.8yrs	₹3.89m	no data
Thiru Chandrasekaran	Independent Director	2.9yrs	₹3.61m	no data
Ananyashree Birla	Non-Executive Director	1.2yrs	₹300.00k	no data
Aryaman Birla	Non-Executive Director	1.2yrs	₹300.00k	no data

3.8yrs

Average Tenure

65yo

Average Age

Experienced Board: 500300's board of directors are considered experienced (3.8 years average tenure).

Grasim Industries Management

Management criteria checks 3/4

Key information

Recent management updates

Grasim Industries Limited Announces Cessation of Santrupt Misra as Non-Executive and Non-Independent Director

High number of new directors

Grasim Industries Limited Announces Resignation of Shailendra K. Jain as Non-Executive Director

Insider recently sold ₹25m worth of stock

Insider recently sold ₹8.7m worth of stock

Insider recently sold ₹4.8m worth of stock

Recent updates

Third quarter 2024 earnings released: EPS: ₹23.08 (vs ₹38.33 in 3Q 2023)

New minor risk - Shareholder dilution

Grasim Industries Limited has completed a Follow-on Equity Offering in the amount of INR 39.99797 billion.

Grasim Industries Limited(NSEI:GRASIM-RE) dropped from FTSE All-World Index (USD)

Grasim Industries Limited has filed a Follow-on Equity Offering in the amount of INR 39.99797 billion.

Grasim Industries Limited Announces Cessation of Santrupt Misra as Non-Executive and Non-Independent Director

Grasim Industries Limited Provides Update Regarding the Incident At Century Rayon Plant, Shahad

Grasim Industries Limited Informs Regarding the Incident At Century Rayon Plant, Shahad

Grasim Industries Limited Unveils Brand Name of Its Paints Business, Birla Opus

Grasim Industries Limited to Report Q3, 2024 Results on Feb 14, 2024

Grasim Industries Limited to Report Q1, 2024 Results on Aug 14, 2023

Grasim Industries Limited Recommends Dividend for the Financial Year Ended 31 March 2023

Third quarter 2023 earnings released: EPS: ₹38.33 (vs ₹26.09 in 3Q 2022)

High number of new directors

Grasim Industries Limited Announces Resignation of Shailendra K. Jain as Non-Executive Director

Second quarter 2023 earnings released: EPS: ₹15.37 (vs ₹20.21 in 2Q 2022)

Insider recently sold ₹25m worth of stock

Insider recently sold ₹8.7m worth of stock

Insider recently sold ₹4.8m worth of stock

Full year 2022 earnings released: EPS: ₹107 (vs ₹61.95 in FY 2021)

Grasim Industries Limited, Annual General Meeting, Aug 31, 2023

Upcoming dividend of ₹10.00 per share

Grasim Industries Limited, Annual General Meeting, Aug 29, 2022

Insider recently sold ₹3.3m worth of stock

Grasim Industries Limited to Report Q1, 2023 Results on Aug 14, 2022

Grasim Industries Limited Announces Change of Chief Financial Officer

Insider recently sold ₹2.7m worth of stock

Full year 2022 earnings released: EPS: ₹107 (vs ₹61.95 in FY 2021)

Grasim Industries Limited Recommends Special Dividend

Grasim Industries Limited to Report Q4, 2022 Results on May 24, 2022

Now 20% undervalued

High number of new directors

Insider recently sold ₹1.2m worth of stock

Now 20% undervalued after recent price drop

Insider recently sold ₹1.2m worth of stock

Now 24% undervalued after recent price drop

Third quarter 2022 earnings: EPS exceeds analyst expectations

Grasim Industries Limited to Report Q3, 2022 Results on Feb 14, 2022

High number of new directors

Insider recently sold ₹2.0m worth of stock

Insider recently sold ₹815k worth of stock

MD, Business Head of Fibre & Pulp and Director Dilip Gaur has left the company

Second quarter 2022 earnings released: EPS ₹20.21 (vs ₹8.95 in 2Q 2021)

Price target increased to ₹1,723

Insider recently sold ₹13m worth of stock

Insider recently sold ₹1.3m worth of stock

Insider recently sold ₹1.5m worth of stock

Price target increased to ₹1,477

Full year 2021 earnings released: EPS ₹61.95 (vs ₹66.26 in FY 2020)

Upcoming dividend of ₹9.00 per share

Additional Independent Director recently sold ₹7.5m worth of stock

Insider recently sold ₹5.6m worth of stock

Insider recently sold ₹10m worth of stock

Independent Director has left the company

Full year 2021 earnings released: EPS ₹61.96 (vs ₹67.42 in FY 2020)

Grasim Industries Limited Recommends Dividend for the Year Ended 31 March 2021

Independent Director has left the company

Price target increased to ₹1,336

Insider recently sold ₹29m worth of stock

Insider recently sold ₹249k worth of stock

Insider recently sold ₹487k worth of stock

Insider recently sold ₹563k worth of stock

New 90-day high: ₹1,272

Insider recently sold ₹56m worth of stock

Third quarter 2021 earnings released: EPS ₹20.66 (vs ₹10.36 in 3Q 2020)

Grasim Industries Limited Announces Executive Changes

Price target raised to ₹932

New 90-day high: ₹1,069

Insider recently sold ₹3.2m worth of stock