Indo Amines Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Vijay Palkar

Chief executive officer

₹15.1m

Total compensation

CEO salary percentage	99.2%
CEO tenure	3.1yrs
CEO ownership	n/a
Management average tenure	3yrs
Board average tenure	4.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Vijay Palkar's remuneration changed compared to Indo Amines's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹504m
Sep 30 2023	n/a	n/a	₹512m
Jun 30 2023	n/a	n/a	₹445m
Mar 31 2023	₹15m	₹15m	₹404m

Compensation vs Market: Vijay's total compensation ($USD181.06K) is above average for companies of similar size in the Indian market ($USD39.52K).

Compensation vs Earnings: Insufficient data to compare Vijay's compensation with company performance.

CEO

Vijay Palkar (70 yo)

3.1yrs

Tenure

₹15,125,000

Compensation

Mr. Vijay Bhalchandra Palkar is MD, CEO & Director of Indo Amines Limited from April 01, 2021.

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Vijay Palkar	MD, CEO & Director	3.1yrs	₹15.13m	no data
Bharati Palkar	Whole Time Director	no data	₹12.13m	6.05% ₹ 567.9m
Rahul Palkar	Joint MD & Executive Director	7.8yrs	₹10.13m	1% ₹ 94.2m
Keyur Chitre	Whole Time Director	no data	₹3.10m	no data
Nandu Gupta	President of Projects	less than a year	₹8.10m	1.79% ₹ 167.6m
Jayaprakash Shetty	Whole Time Director	5.7yrs	₹1.40m	no data
Adhikarao Shingade	Whole Time Director	2.9yrs	₹3.05m	no data
Suniti Thombre	Chief Financial Officer	less than a year	no data	no data
Tripti Sharma	Company Secretary & Compliance Officer	8.3yrs	₹690.00k	no data
Mukeshkumar Agrawal	Chief Revenue Officer	less than a year	₹1.90m	no data

3.0yrs

Average Tenure

52yo

Average Age

Experienced Management: 524648's management team is considered experienced (3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Vijay Palkar	MD, CEO & Director	3.1yrs	₹15.13m	no data
Bharati Palkar	Whole Time Director	14.7yrs	₹12.13m	6.05% ₹ 567.9m
Rahul Palkar	Joint MD & Executive Director	17.4yrs	₹10.13m	1% ₹ 94.2m
Keyur Chitre	Whole Time Director	7yrs	₹3.10m	no data
Jayaprakash Shetty	Whole Time Director	5.7yrs	₹1.40m	no data
Adhikarao Shingade	Whole Time Director	2.9yrs	₹3.05m	no data
Dhawal Vora	Additional Non-Executive	less than a year	₹249.00k	no data
Deepak Kanekar	Non-Executive Chairman	15.2yrs	₹2.28m	0.0089% ₹ 834.0k
Ajay Marathe	Independent Non-Executive Director	2.3yrs	₹2.65m	0.00029% ₹ 27.2k
Satish Chitale	Independent Non-Executive Director	6yrs	₹178.00k	no data
Rohan Deshpande	Independent Non-Executive Director	2.3yrs	₹166.00k	no data
Pradeep Thakur	Independent Non-Executive Director	2.3yrs	₹224.00k	0.0075% ₹ 703.6k

4.4yrs

Average Tenure

52yo

Average Age

Experienced Board: 524648's board of directors are considered experienced (4.4 years average tenure).

Indo Amines Management

Management criteria checks 2/4

Key information

Recent management updates

Indo Amines Limited Announces the Resignation of Keyur Chitre as Whole Time Director, Effective May 31, 2024

Indo Amines Limited Appoints Appoints Nandu Gupta as President -Projects

Indo Amines Limited Announces Resignation of Vijay Naik as Whole Time Director

Indo Amines Limited Promotes Mukeshkumar Agrawal from Chief Financial Officer to Chief Revenue Officer

Indo Amines Limited Announces the Resignation of Nandu Gupta as Whole Time Director

Indo Amines Limited, Annual General Meeting, Sep 27, 2023

Recent updates

Indo Amines Limited Announces the Resignation of Keyur Chitre as Whole Time Director, Effective May 31, 2024

Investor sentiment improves as stock rises 29%

Investor sentiment deteriorates as stock falls 15%

Third quarter 2024 earnings released: EPS: ₹1.30 (vs ₹1.42 in 3Q 2023)

Indo Amines Limited to Report Q3, 2024 Results on Feb 09, 2024

Investor sentiment improves as stock rises 20%

Indo Amines Limited Appoints Appoints Nandu Gupta as President -Projects

Indo Amines Limited Announces Resignation of Vijay Naik as Whole Time Director

Indo Amines Limited Promotes Mukeshkumar Agrawal from Chief Financial Officer to Chief Revenue Officer

Indo Amines Limited to Report Q2, 2024 Results on Nov 09, 2023

Indo Amines Limited Announces the Resignation of Nandu Gupta as Whole Time Director

Indo Amines Limited Approves Declaration of Final Dividend for the Financial Year Ended 31St March, 2023

Indo Amines Limited, Annual General Meeting, Sep 27, 2023

First quarter 2024 earnings released: EPS: ₹1.66 (vs ₹1.22 in 1Q 2023)

Indo Amines Limited to Report Q1, 2024 Results on Aug 10, 2023

Full year 2023 earnings released: EPS: ₹5.78 (vs ₹3.26 in FY 2022)

Indo Amines Limited Informs That Nandan Khambete Has Submitted His Resignation as Non-Executive, Non-Independent Director

Indo Amines Limited to Report Fiscal Year 2023 Results on May 17, 2023

Investor sentiment improves as stock rises 16%

Third quarter 2023 earnings released: EPS: ₹1.42 (vs ₹1.35 in 3Q 2022)

Indo Amines Limited to Report Q3, 2023 Results on Feb 10, 2023

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Indo Amines Limited to Report Q2, 2023 Results on Nov 07, 2022

Executive Director recently sold ₹13m worth of stock

Investor sentiment deteriorated over the past week

Executive Director recently sold ₹6.8m worth of stock

Indo Amines Limited Approves Final Dividend for the Financial Year Ended 31 March, 2022

Whole-Time Director recently sold ₹8.6m worth of stock

Upcoming dividend of ₹0.50 per share

Investor sentiment improved over the past week

Indo Amines Limited (BSE:524648) entered into a scheme of amalgamation to acquire Pious Engineering Private Limited for approximately INR 190 million.

Indo Amines Limited (BSE:524648) entered into definitive agreement to acquire Pious Engineering Private Limited.

First quarter 2023 earnings released: EPS: ₹1.22 (vs ₹0.99 in 1Q 2022)

Indo Amines Limited, Annual General Meeting, Sep 12, 2022

Indo Amines Limited to Report Q1, 2023 Results on Aug 08, 2022

Investor sentiment improved over the past week

Full year 2022 earnings released: EPS: ₹3.26 (vs ₹5.32 in FY 2021)

Indo Amines Limited Recommends Final Dividend for the Financial Year Ended March 31, 2022

Indo Amines Limited Recommends Final Dividend for the Financial Year Ended March 31, 2022

Indo Amines Limited to Report Q4, 2022 Results on May 30, 2022

Indo Amines Limited Announces Retirement Dhawal Vora and Rajannan Raghavendra Ravi as Independent Directors

Investor sentiment improved over the past week

Indo Amines Limited Appoints Ajay Marathe as Additional Director (Non-Executive Independent)

Indo Amines Limited Announces Retirement of Mahendra Thakoor as Independent Director

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

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Upcoming dividend of ₹0.60 per share

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS ₹10.69 (vs ₹3.43 in FY 2020)

Whole Time Director Changdeo Kadam has left the company

Independent Non-Executive Director Nishikant Sule has left the company

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Independent Non-Executive Director has left the company

Third quarter 2021 earnings released: EPS ₹3.35 (vs ₹0.70 in 3Q 2020)

Indo Amines Limited to Report Q3, 2021 Results on Feb 05, 2021

Investor sentiment improved over the past week

New 90-day high: ₹79.25

New 90-day high: ₹74.65

Market bids up stock over the past week

Indo Amines Limited Appoints Nandan Girish Khambete as an Additional Director (Non-Executive)

Market bids up stock over the past week

Indo Amines Limited to Report Q2, 2021 Results on Nov 12, 2020

Indo Amines Limited Announces Appointments