Hitech Corporation Limited

BSE:526217 Stock Report

Market Cap: ₹3.4b

Hitech Management

Management criteria checks 2/4

Hitech's CEO is Malav Dani, appointed in Nov 2012, has a tenure of 11.33 years. total yearly compensation is ₹8.54M, comprised of 59% salary and 41% bonuses, including company stock and options. directly owns 0.31% of the company’s shares, worth ₹10.62M. The average tenure of the management team and the board of directors is 4.7 years and 8 years respectively.

Key information

Malav Dani

Chief executive officer

₹8.5m

Total compensation

CEO salary percentage59.0%
CEO tenure11.3yrs
CEO ownership0.3%
Management average tenure4.7yrs
Board average tenure8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Malav Dani's remuneration changed compared to Hitech's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

₹242m

Sep 30 2023n/an/a

₹243m

Jun 30 2023n/an/a

₹297m

Mar 31 2023₹9m₹5m

₹283m

Dec 31 2022n/an/a

₹278m

Sep 30 2022n/an/a

₹370m

Jun 30 2022n/an/a

₹362m

Mar 31 2022n/an/a

₹374m

Dec 31 2021n/an/a

₹415m

Sep 30 2021n/an/a

₹341m

Jun 30 2021n/an/a

₹308m

Mar 31 2021₹1m₹1

₹170m

Dec 31 2020n/an/a

₹48m

Sep 30 2020n/an/a

-₹5m

Jun 30 2020n/an/a

-₹60m

Mar 31 2020₹5m₹4m

₹24m

Dec 31 2019n/an/a

₹17m

Sep 30 2019n/an/a

₹142m

Jun 30 2019n/an/a

₹165m

Mar 31 2019₹5m₹4m

₹164m

Dec 31 2018n/an/a

₹219m

Sep 30 2018n/an/a

₹106m

Jun 30 2018n/an/a

₹89m

Mar 31 2018₹5m₹4m

₹78m

Dec 31 2017n/an/a

₹36m

Sep 30 2017n/an/a

₹48m

Jun 30 2017n/an/a

₹60m

Mar 31 2017₹5m₹4m

₹94m

Compensation vs Market: Malav's total compensation ($USD102.41K) is above average for companies of similar size in the Indian market ($USD39.87K).

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


CEO

Malav Dani (48 yo)

11.3yrs

Tenure

₹8,538,009

Compensation

Mr. Malav Ashwin Dani has been the Managing Director of Hitech Corporation Limited since November 3, 2012. Mr. Dani served as Joint Managing Director of Hitech Plast Ltd. from August 5, 2011 to November 2,...


Leadership Team

NamePositionTenureCompensationOwnership
Malav Dani
MD & Director11.3yrs₹8.54m0.31%
₹ 10.6m
Avan Chaina
Chief Financial Officer4.7yrs₹3.58mno data
Mehernosh Mehta
Whole Time Director8yrs₹2.67mno data
Vijay Chauhan
Sr. Manager of Accounts & Taxationno datano datano data
VSR Anjaneyulu
Vice President of Technology Centre4yrs₹3.15mno data
Ashish Roongta
Company Secretary & Compliance Officerless than a yearno datano data
Ketan Sarda
Head of Commercialno datano datano data
Rabindra Sahoo
Plant Head -Silvassa Regionno datano datano data

4.7yrs

Average Tenure

56yo

Average Age

Experienced Management: 526217's management team is considered experienced (4.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Malav Dani
MD & Director16.1yrs₹8.54m0.31%
₹ 10.6m
Mehernosh Mehta
Whole Time Director8yrs₹2.67mno data
Harish Motiwalla
Non Executive Independent Director19.3yrs₹1.09mno data
Ina Dani
Non-Executive Director14.2yrs₹30.00k1.7%
₹ 57.3m
Jayendra Shah
Non Executive Independent Chairman10.3yrs₹800.00k0.010%
₹ 354.1k
Bomi Chinoy
Non-Executive Independent Director7.8yrs₹760.00kno data
Aditya Sheth
Non Executive Independent Director4.8yrs₹260.00kno data
Kalpana Merchant
Additional Non-Executive Independent Director4.1yrs₹730.00kno data
Prakash Trivedi
Independent Non-Executive Directorless than a yearno datano data

8.0yrs

Average Tenure

73yo

Average Age

Experienced Board: 526217's board of directors are considered experienced (8 years average tenure).


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