Astron Paper & Board Mill Management
Management criteria checks 2/4
Astron Paper & Board Mill's CEO is Kirit Patel, appointed in Apr 2016, has a tenure of 13.33 years. total yearly compensation is ₹4.80M, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 16.56% of the company’s shares, worth ₹183.64M. The average tenure of the management team and the board of directors is 7.5 years and 6.9 years respectively.
Key information
Kirit Patel
Chief executive officer
₹4.8m
Total compensation
| CEO salary percentage | 100.0% |
| CEO tenure | 8yrs |
| CEO ownership | 16.6% |
| Management average tenure | 7.5yrs |
| Board average tenure | 6.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | -₹65m |
| Sep 30 2023 | n/a | n/a | -₹115m |
| Jun 30 2023 | n/a | n/a | -₹219m |
| Mar 31 2023 | ₹5m | ₹5m | -₹239m |
| Dec 31 2022 | n/a | n/a | -₹222m |
| Sep 30 2022 | n/a | n/a | -₹122m |
| Jun 30 2022 | n/a | n/a | ₹25m |
| Mar 31 2022 | ₹4m | ₹4m | ₹81m |
| Dec 31 2021 | n/a | n/a | ₹147m |
| Sep 30 2021 | n/a | n/a | ₹142m |
| Jun 30 2021 | n/a | n/a | ₹103m |
| Mar 31 2021 | ₹2m | ₹2m | ₹102m |
| Dec 31 2020 | n/a | n/a | ₹63m |
| Sep 30 2020 | n/a | n/a | ₹55m |
| Jun 30 2020 | n/a | n/a | ₹103m |
| Mar 31 2020 | ₹2m | ₹2m | ₹132m |
| Dec 31 2019 | n/a | n/a | ₹172m |
| Sep 30 2019 | n/a | n/a | ₹226m |
| Jun 30 2019 | n/a | n/a | ₹286m |
| Mar 31 2019 | ₹1m | ₹1m | ₹276m |
| Dec 31 2018 | n/a | n/a | ₹270m |
| Sep 30 2018 | n/a | n/a | ₹258m |
| Jun 30 2018 | n/a | n/a | ₹227m |
| Mar 31 2018 | ₹1m | ₹1m | ₹208m |
Compensation vs Market: Kirit's total compensation ($USD57.56K) is above average for companies of similar size in the Indian market ($USD39.27K).
Compensation vs Earnings: Kirit's compensation has increased whilst the company is unprofitable.
CEO
Kirit Patel (50 yo)
8yrs
Tenure
₹4,800,000
Compensation
Mr. Kiritbhai Ghanshyambhai Patel, also known as Kirit, is the Promoter of Astron Paper & Board Mill Limited and has been its Managing Director since April 1, 2016 and also serves as its Chairman. He has b...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman & MD | 8yrs | ₹4.80m | 16.56% ₹ 183.6m | |
| Company Secretary & Compliance Officer | 1.2yrs | ₹113.00k | no data | |
| Whole Time Director | no data | ₹1.20m | 2.54% ₹ 28.2m | |
| Executive Director | no data | no data | 7.69% ₹ 85.3m | |
| Chief Financial Officer | less than a year | no data | no data | |
| Vice President of Finance & Accounts | 6.9yrs | no data | no data | |
| Vice President of Marketing | 8yrs | ₹781.19k | no data | |
| Vice President of Production | 8.3yrs | ₹1.72m | no data |
7.5yrs
Average Tenure
51yo
Average Age
Experienced Management: 540824's management team is seasoned and experienced (7.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman & MD | 13.3yrs | ₹4.80m | 16.56% ₹ 183.6m | |
| Whole Time Director | 13.3yrs | ₹1.20m | 2.54% ₹ 28.2m | |
| Executive Director | 13.3yrs | no data | 7.69% ₹ 85.3m | |
| Independent Non-Executive Director | 6.9yrs | ₹105.00k | no data | |
| Non-Executive Independent Director | 4.7yrs | ₹30.00k | no data | |
| Independent Woman Director | 1.9yrs | ₹55.00k | no data | |
| Independent Director | 1.8yrs | ₹157.00k | 0.20% ₹ 2.2m |
6.9yrs
Average Tenure
53.5yo
Average Age
Experienced Board: 540824's board of directors are considered experienced (6.9 years average tenure).