Bal Pharma Management

Management criteria checks 3/4

Bal Pharma's CEO is Shailesh Siroya, appointed in Jan 2019, has a tenure of 5.5 years. total yearly compensation is ₹12.24M, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 19.41% of the company’s shares, worth ₹350.08M. The average tenure of the management team and the board of directors is 3.8 years and 4.2 years respectively.

Key information

Shailesh Siroya

Chief executive officer


Total compensation

CEO salary percentage100.0%
CEO tenure5.5yrs
CEO ownership19.4%
Management average tenure3.8yrs
Board average tenure4.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Shailesh Siroya's remuneration changed compared to Bal Pharma's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2024n/an/a


Dec 31 2023n/an/a


Sep 30 2023n/an/a


Jun 30 2023n/an/a


Mar 31 2023₹12m₹12m


Dec 31 2022n/an/a


Jun 30 2022n/an/a


Mar 31 2022₹10m₹10m


Dec 31 2021n/an/a


Jun 30 2021n/an/a


Mar 31 2021₹10m₹10m


Dec 31 2020n/an/a


Sep 30 2020n/an/a


Jun 30 2020n/an/a


Mar 31 2020₹10m₹10m


Dec 31 2019n/an/a


Sep 30 2019n/an/a


Jun 30 2019n/an/a


Mar 31 2019₹8m₹8m


Dec 31 2018n/an/a


Mar 31 2018₹8m₹8m


Compensation vs Market: Shailesh's total compensation ($USD146.30K) is above average for companies of similar size in the Indian market ($USD37.66K).

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


Shailesh Siroya (58 yo)





Mr. Shailesh Dheerajmal Siroya serves as the Managing Director of BAL Pharma Limited. Mr. Siroya served as the Managing Director of BAL Pharma Limited since August 1, 1994. With rich experience, Mr. Siroya...

Leadership Team

Shailesh Siroya
MD & Executive Director5.5yrs₹12.24m19.41%
₹ 350.1m
Daddanala Bharath Bhushan
Chief Financial Officerno data₹365.00kno data
Himesh Virupakshaya
Whole Time Director3.8yrs₹3.32mno data
Ravindra Kothari
Deputy General Manager of Internal Auditno datano datano data
Abdul Basith
Company Secretary & Compliance Officerless than a yearno datano data
D. Bhat
Assistant Vice President of Sales & Marketingno datano datano data
Archana Mitra
Vice President of International Marketing & HRno data₹534.34kno data


Average Tenure


Average Age

Experienced Management: 524824's management team is considered experienced (3.8 years average tenure).

Board Members

Shailesh Siroya
MD & Executive Director26.8yrs₹12.24m19.41%
₹ 350.1m
Himesh Virupakshaya
Whole Time Director4.8yrs₹3.32mno data
Nicola Neeladrie
Independent Non-Executive Director4.2yrs₹49.00kno data
H. Venkatesh
Non-Executive Additional Independent Director4.2yrs₹32.00kno data
Jatish Sheth
Additional Non-Executive Director3.6yrs₹46.00kno data
Kotian Damodar
Additional Non-Independent Director2.2yrs₹1.87mno data


Average Tenure


Average Age

Experienced Board: 524824's board of directors are considered experienced (4.2 years average tenure).

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