Pidilite Industries Management

Management criteria checks 3/4

Pidilite Industries' CEO is Bharat Puri, appointed in Apr 2015, has a tenure of 15.92 years. total yearly compensation is ₹150.90M, comprised of 40.3% salary and 59.7% bonuses, including company stock and options. directly owns 0.13% of the company’s shares, worth ₹1.99B. The average tenure of the management team and the board of directors is 2.1 years and 9.2 years respectively.

Key information

Bharat Puri

Chief executive officer

₹150.9m

Total compensation

CEO salary percentage	40.3%
CEO tenure	9yrs
CEO ownership	0.1%
Management average tenure	2.1yrs
Board average tenure	9.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bharat Puri's remuneration changed compared to Pidilite Industries's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹17b
Sep 30 2023	n/a	n/a	₹15b
Jun 30 2023	n/a	n/a	₹14b
Mar 31 2023	₹151m	₹61m	₹13b
Dec 31 2022	n/a	n/a	₹12b
Sep 30 2022	n/a	n/a	₹13b
Jun 30 2022	n/a	n/a	₹13b
Mar 31 2022	₹413m	₹57m	₹12b
Dec 31 2021	n/a	n/a	₹13b
Sep 30 2021	n/a	n/a	₹13b
Jun 30 2021	n/a	n/a	₹13b
Mar 31 2021	₹134m	₹57m	₹11b
Dec 31 2020	n/a	n/a	₹10b
Sep 30 2020	n/a	n/a	₹9b
Jun 30 2020	n/a	n/a	₹9b
Mar 31 2020	₹295m	₹57m	₹11b
Dec 31 2019	n/a	n/a	₹12b
Sep 30 2019	n/a	n/a	₹11b
Jun 30 2019	n/a	n/a	₹10b
Mar 31 2019	₹248m	₹55m	₹9b
Dec 31 2018	n/a	n/a	₹9b
Sep 30 2018	n/a	n/a	₹10b
Jun 30 2018	n/a	n/a	₹10b
Mar 31 2018	₹205m	₹53m	₹10b

Compensation vs Market: Bharat's total compensation ($USD1.81M) is above average for companies of similar size in the Indian market ($USD942.67K).

Compensation vs Earnings: Bharat's compensation has been consistent with company performance over the past year.

CEO

Bharat Puri (62 yo)

9yrs

Tenure

₹150,900,000

Compensation

Mr. Bharat Tilakraj Puri has been the Managing Director of Pidilite Industries Limited since April 10, 2015 and has been its Executive Director since May 28, 2008. Mr. Puri serves as the Chief Executive Of...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Madhukar Parekh	Executive Chairman of the Board	51.7yrs	₹36.70m	10.14% ₹ 150.5b
Bharat Puri	MD, CEO & Executive Director	9yrs	₹150.90m	0.13% ₹ 2.0b
Ajay Parekh	Executive Vice Chairman	38.8yrs	₹17.80m	9.33% ₹ 138.5b
Apurva Parekh	Executive Vice Chairman	18.8yrs	₹66.00m	0.60% ₹ 9.0b
Sandeep Batra	Executive Director of Finance & CFO	1.8yrs	₹19.50m	no data
Joseph Varghese	Director of Operations & Director	no data	₹10.10m	no data
Sudhanshu Vats	Deputy MD & Director	2.6yrs	₹76.40m	0.0061% ₹ 90.6m
Priykant Patel	President	no data	no data	0.011% ₹ 167.5m
Ramnarayan Mohanty	President of Technology	no data	no data	0.0069% ₹ 102.2m
Manisha Shetty	Company Secretary & Compliance Officer	2.1yrs	no data	no data
Saswata Dhar	President – Legal and Secretaria	no data	no data	0.00016% ₹ 2.4m
Manish Dubey	Chief Marketing Officer	less than a year	no data	no data

2.1yrs

Average Tenure

62yo

Average Age

Experienced Management: 500331's management team is considered experienced (2.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Madhukar Parekh	Executive Chairman of the Board	51.7yrs	₹36.70m	10.14% ₹ 150.5b
Bharat Puri	MD, CEO & Executive Director	15.9yrs	₹150.90m	0.13% ₹ 2.0b
Ajay Parekh	Executive Vice Chairman	38.8yrs	₹17.80m	9.33% ₹ 138.5b
Apurva Parekh	Executive Vice Chairman	18.8yrs	₹66.00m	0.60% ₹ 9.0b
Sandeep Batra	Executive Director of Finance & CFO	2.3yrs	₹19.50m	no data
Joseph Varghese	Director of Operations & Director	1.9yrs	₹10.10m	no data
Sudhanshu Vats	Deputy MD & Director	1.9yrs	₹76.40m	0.0061% ₹ 90.6m
Vinod Dasari	Independent Non Executive Director	8.6yrs	₹2.93m	no data
Sanjeev Aga	Independent Non Executive Director	12.8yrs	₹3.39m	no data
Piyush Pandey	Non-Executive Independent Director	6yrs	₹2.80m	no data
Rajeev Vasudeva	Non-Executive & Independent Director	3.6yrs	₹3.23m	0% ₹ 0
Meera Shankar	Independent Non Executive Director	9.8yrs	₹2.98m	no data

9.2yrs

Average Tenure

64yo

Average Age

Experienced Board: 500331's board of directors are considered experienced (9.2 years average tenure).

Pidilite Industries Management

Management criteria checks 3/4

Key information

Recent management updates

Insider recently sold ₹333m worth of stock

Insider recently sold ₹5.5m worth of stock

Pidilite Industries Limited Announces Board Retirements

Pidilite Industries Limited Announces Resignation of N K Parekh as Non-Executive Director

Insider recently sold ₹18m worth of stock

Deputy MD & Director recently sold ₹3.2m worth of stock

Recent updates

Pidilite Industries Limited to Report Fiscal Year 2024 Results on May 07, 2024

Insider recently sold ₹333m worth of stock

New minor risk - Insider selling

Insider recently sold ₹5.5m worth of stock

Pidilite Industries Limited Announces Board Retirements

Pidilite Industries Limited Announces Resignation of N K Parekh as Non-Executive Director

Insider recently sold ₹18m worth of stock

Third quarter 2024 earnings: EPS in line with expectations, revenues disappoint

Pidilite Industries Limited to Report Q3, 2024 Results on Jan 23, 2024

Deputy MD & Director recently sold ₹3.2m worth of stock

Deputy MD & Director recently sold ₹21m worth of stock

Pidilite Industries to Enter Lending Business, to Acquire Promoter Group's NBFC

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

Pidilite Industries Limited to Report Q2, 2024 Results on Nov 08, 2023

Executive Vice Chairman recently sold ₹502m worth of stock

Pidilite Industries Limited Approves to Declare Dividend

Pidilite Industries Limited Appoints Manish Dubey as Chief Marketing Officer

Upcoming dividend of ₹11.00 per share at 0.4% yield

Full year 2023 earnings: EPS misses analyst expectations

Pidilite Industries Limited, Annual General Meeting, Aug 10, 2023

Insider recently sold ₹19m worth of stock

Insider recently sold ₹1.3m worth of stock

Full year 2023 earnings: EPS misses analyst expectations

Executive Vice Chairman recently sold ₹85m worth of stock

Price target decreased by 7.0% to ₹2,407

Insider recently sold ₹2.3m worth of stock

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Pidilite Industries Limited to Report Q3, 2023 Results on Jan 24, 2023

Insider recently sold ₹4.1m worth of stock

Pidilite Industries Limited Appoints Kashyap Gala as Senior VP

Pidilite Industries Limited Announces Resignation of Debabrata Gupta as Whole Time Director of the Company

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Pidilite Industries Limited to Report Q2, 2023 Results on Nov 09, 2022

Insider recently sold ₹3.4m worth of stock

Insider recently sold ₹1.1m worth of stock

Pidilite Industries Limited Approves Dividend for the Financial Year Ended 31 March, 2022

Price target increased to ₹2,418

Upcoming dividend of ₹10.00 per share

Full year 2022 earnings: EPS misses analyst expectations

Pidilite Industries Limited, Annual General Meeting, Aug 10, 2022

Pidilite Industries Limited Appoints Meher Pudumjee as an Additional Director (Independent)

Full year 2022 earnings: EPS misses analyst expectations

Pidilite Industries Limited Recommends Dividend for the Financial Year Ended 31St March, 2022

Insider recently sold ₹120m worth of stock

Executive Vice Chairman recently sold ₹91m worth of stock

Insider recently sold ₹1.2m worth of stock

Third quarter 2022 earnings: EPS misses analyst expectations

Executive Vice Chairman recently sold ₹79m worth of stock

Price target increased to ₹2,273

Second quarter 2022 earnings released: EPS ₹7.37 (vs ₹7.01 in 2Q 2021)

Senior VP of Legal, Compliance Officer & Company Secretary Puneet Bansal has left the company

Insider recently sold ₹805m worth of stock

Price target increased to ₹1,990

Insider recently sold ₹224m worth of stock

Upcoming dividend of ₹8.50 per share

Full year 2021 earnings released: EPS ₹22.26 (vs ₹21.98 in FY 2020)

Insider recently sold ₹140m worth of stock

Full year 2021 earnings released: EPS ₹22.26 (vs ₹21.98 in FY 2020)

Pidilite Industries Limited Recommends Dividend

Insider recently sold ₹3.5m worth of stock

Insider recently sold ₹72m worth of stock

Insider recently sold ₹3.8m worth of stock

Third quarter 2021 earnings released: EPS ₹8.70 (vs ₹6.73 in 3Q 2020)

Revenue and earnings beat expectations

Pidilite Industries Limited to Report Q3, 2021 Results on Jan 28, 2021

New 90-day high: ₹1,755

Insider recently sold ₹821k worth of stock

New 90-day high: ₹1,620

Price target raised to ₹1,550