Tata Steel Management

Management criteria checks 3/4

Tata Steel's CEO is Thachat Narendran, appointed in Sep 2013, has a tenure of 10.58 years. total yearly compensation is ₹186.65M, comprised of 9.9% salary and 90.1% bonuses, including company stock and options. directly owns 0% of the company’s shares, worth ₹3.50M. The average tenure of the management team and the board of directors is 8 years and 6.7 years respectively.

Key information

Thachat Narendran

Chief executive officer

₹186.7m

Total compensation

CEO salary percentage	9.9%
CEO tenure	10.6yrs
CEO ownership	0.0002%
Management average tenure	8yrs
Board average tenure	6.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Thachat Narendran's remuneration changed compared to Tata Steel's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-₹33b
Sep 30 2023	n/a	n/a	-₹61b
Jun 30 2023	n/a	n/a	₹16b
Mar 31 2023	₹187m	₹18m	₹88b
Dec 31 2022	n/a	n/a	₹168b
Sep 30 2022	n/a	n/a	₹286b
Jun 30 2022	n/a	n/a	₹390b
Mar 31 2022	₹195m	₹17m	₹402b
Dec 31 2021	n/a	n/a	₹369b
Sep 30 2021	n/a	n/a	₹310b
Jun 30 2021	n/a	n/a	₹206b
Mar 31 2021	₹156m	₹15m	₹73b
Dec 31 2020	n/a	n/a	-₹4b
Sep 30 2020	n/a	n/a	-₹52b
Jun 30 2020	n/a	n/a	-₹26b
Mar 31 2020	₹112m	₹15m	₹14b
Dec 31 2019	n/a	n/a	₹61b
Sep 30 2019	n/a	n/a	₹94b
Jun 30 2019	n/a	n/a	₹89b
Mar 31 2019	₹112m	₹13m	₹101b
Dec 31 2018	n/a	n/a	₹179b
Sep 30 2018	n/a	n/a	₹169b
Jun 30 2018	n/a	n/a	₹142b
Mar 31 2018	₹94m	₹12m	₹131b

Compensation vs Market: Thachat's total compensation ($USD2.24M) is above average for companies of similar size in the Indian market ($USD936.27K).

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

CEO

Thachat Narendran (58 yo)

10.6yrs

Tenure

₹186,651,000

Compensation

Mr. Thachat Viswanath Narendran serves as the Chief Executive Officer of Tata Steel Limited and served as its Managing Director of India & South East Asia. Mr. Narendran is Managing Director and Executive...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Thachat Narendran	CEO, MD & Executive Director	10.6yrs	₹186.65m	0.00017% ₹ 3.5m
Koushik Chatterjee	CFO & Executive Director	16.3yrs	₹142.12m	0.00013% ₹ 2.7m
Parvatheesam Kanchinadham	Company Secretary	no data	₹37.61m	no data
Sanjib Nanda	Vice President (Financial Operations & Corporate)	no data	no data	no data
Hriday Nair	Chief of Corporate Finance & Investor Relations	no data	₹12.02m	no data
Debashish Bhattacharjee	Vice President of Technology and R&D	5.3yrs	₹34.25m	no data
Jayanta Banerjee	Chief Information Officer	no data	₹29.04m	no data
Ritu Sinha	Chief of Corporate Administration	no data	₹15.72m	no data
Sarvesh Kumar	Chief of Corporate Communication	no data	₹12.13m	no data
Siddharth Mishra	Chief of Marketing & Sales	no data	₹11.85m	no data
Atrayee Sanyal	Vice President of Human Resource Management	3.3yrs	₹25.15m	no data
Subramaniam Hariharan	Chief of 3MT Expansion Project	no data	no data	no data

8.0yrs

Average Tenure

55yo

Average Age

Experienced Management: 500470's management team is seasoned and experienced (8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Thachat Narendran	CEO, MD & Executive Director	10.6yrs	₹186.65m	0.00017% ₹ 3.5m
Koushik Chatterjee	CFO & Executive Director	11.4yrs	₹142.12m	0.00013% ₹ 2.7m
Ratan Tata	Chairman Emeritus	11.3yrs	₹25.32m	no data
Farida Khambata	Additional Non-Executive Independent Director	2.7yrs	₹12.64m	0.0064% ₹ 132.0m
Noel Tata	Non-Executive Vice-Chairman of the Board	2.1yrs	₹15.40m	0.0011% ₹ 23.7m
Natarajan Chandrasekaran	Non-Executive Chairman	7.3yrs	₹360.00k	0.016% ₹ 329.9m
Vijay Sharma	Additional Independent Non-Executive Director	5.7yrs	₹12.45m	0.000080% ₹ 1.6m
Saurabh Agrawal	Non-Executive Director	6.7yrs	₹680.00k	no data
Bharti Ramola	Independent Director	1.4yrs	₹5.28m	no data
Deepak Kapoor	Independent Director	7yrs	₹15.61m	no data
Shekhar Mande	Independent Director	less than a year	no data	no data

6.7yrs

Average Tenure

64yo

Average Age

Experienced Board: 500470's board of directors are considered experienced (6.7 years average tenure).

Tata Steel Management

Management criteria checks 3/4

Key information

Recent management updates

Tata Steel Limited Appoints Ashish Anupam as Vice President - Long Products, Effective November 15, 2023

Board Member recently bought ₹1.2m worth of stock

Tata Steel Limited Announces Cessation of O. P. Bhatt as Independent Director

Tata Steel Limited Appoints Dr. Shekhar C. Mande as Additional Director (Non-Executive, Independent), Effective on June 1, 2023

Tata Steel Limited, Annual General Meeting, Jun 27, 2023

Tata Steel Limited Appoints Ms. Bharti Gupta Ramola as an Independent Director

Recent updates

Now 25% overvalued after recent price rise

Now 20% overvalued after recent price rise

New minor risk - Shareholder dilution

Now 23% overvalued after recent price rise

Tata Steel Limited (BSE:500470) completed the acquisition of the remaining 40% stake in Tata Steel Long Products Limited (BSE:513010) (TML).

Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Tata Steel Limited to Report Q3, 2024 Results on Jan 24, 2024

Tata Steel Limited Appoints Ashish Anupam as Vice President - Long Products, Effective November 15, 2023

Second quarter 2024 earnings: EPS misses analyst expectations

Tata Steel Limited to Report Q2, 2024 Results on Nov 01, 2023

Board Member recently bought ₹1.2m worth of stock

New major risk - Financial position

First quarter 2024 earnings released: EPS: ₹0.52 (vs ₹6.36 in 1Q 2023)

Tata Steel Limited to Report Q1, 2024 Results on Jul 24, 2023

Tata Steel Limited Approves Declaration of Dividend for the Financial Year 2022-23

Upcoming dividend of ₹3.60 per share at 3.2% yield

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Tata Steel Limited Proposes Dividend for the Financial Year 2022-23

Tata Steel Limited Announces Cessation of O. P. Bhatt as Independent Director

Tata Steel Limited Appoints Dr. Shekhar C. Mande as Additional Director (Non-Executive, Independent), Effective on June 1, 2023

Tata Steel Limited, Annual General Meeting, Jun 27, 2023

Tata Steel Limited Recommends Dividend for the Fiscal Year 2022-23, Payable on and from July 10, 2023

Full year 2023 earnings: Revenues exceed analyst expectations

Consensus EPS estimates fall by 47%

Tata Steel Limited (BSE:500470) agreed to acquire 00.002% stake in Angul Energy Limited.

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Tata Steel Limited Appoints Ms. Bharti Gupta Ramola as an Independent Director

Tata Steel Limited to Report Q3, 2023 Results on Feb 06, 2023

Government Reportedly Plans to Invite Expressions of Interest for the Divestment of Rashtriya Ispat Nigam

Insider recently bought ₹1.1m worth of stock

Tata Steel Limited Announces Appointment of Bharti Gupta Ramola as Additional Director, Effective November 25, 2022

Less than half of directors are independent

Vedanta Reportedly Looks to Sell Electrosteel

Consensus forecasts updated

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Tata Steel Limited to Report Q2, 2023 Results on Oct 31, 2022

Less than half of directors are independent

Tata Steel Limited announced a financing transaction

Tata Steel Limited Announces Resignation of David W. Crane as Independent Director

Tata Steel Limited (BSE:500470) completed the acquisition of Two 16.5 MVA furnaces in Balasore of Stork Ferro and Mineral Industries Private Limited from Stork Ferro and Mineral Industries Pvt. Ltd..

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Tata Steel Limited to Report Q1, 2023 Results on Jul 25, 2022

Tata Steel Limited Approves Declaration of Dividend for the Financial Year 2021-22

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of ₹51.00 per share

Price target decreased to ₹1,532

Investor sentiment deteriorated over the past week

Board Member recently bought ₹3.5m worth of stock

Tata Steel Limited Announces Cessation of Mallika Srinivasan as Independent Director of the Company

Consensus EPS estimates increase by 14%

Full year 2022 earnings: Revenues exceed analyst expectations

Tata Steel Limited Proposes Dividend for the Financial Year Ended March 31, 2022

Tata Steel Limited to Report Q4, 2022 Results on May 03, 2022

Tata Steel Limited (BSE:500470) completed the acquisition of a 50% stake in S&T Mining Company Pvt. Ltd from Steel Authority of India Limited (BSE:500113).

Tata Steel Limited (BSE:500470) signed an agreement to acquire a 50% stake in S&T Mining Company Pvt. Ltd from Steel Authority of India Limited (BSE:500113) for INR 1.

Tata Steel Announces Changes to the Board of Directors

Investor sentiment improved over the past week

Third quarter 2022 earnings: Revenues miss analyst expectations

Tata Steel Limited to Report Q3, 2022 Results on Feb 04, 2022

Tata Steel Limited to Report Q3, 2022 Results on Feb 04, 2022

Independent Chairperson recently bought ₹5.9m worth of stock

Second quarter 2022 earnings released: EPS ₹99.16 (vs ₹13.07 in 2Q 2021)

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Independent Director Aman Mehta has left the company