Shilpa Medicare Management
Management criteria checks 2/4
Shilpa Medicare's CEO is Vishnukanth Bhutada, appointed in Aug 2022, has a tenure of 1.67 years. total yearly compensation is ₹35.00M, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 8.87% of the company’s shares, worth ₹4.24B. The average tenure of the management team and the board of directors is 2.4 years and 2.6 years respectively.
Key information
Vishnukanth Bhutada
Chief executive officer
₹35.0m
Total compensation
| CEO salary percentage | 100.0% |
| CEO tenure | 1.7yrs |
| CEO ownership | 8.9% |
| Management average tenure | 2.4yrs |
| Board average tenure | 2.6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | -₹7m |
| Sep 30 2023 | n/a | n/a | -₹119m |
| Jun 30 2023 | n/a | n/a | -₹321m |
| Mar 31 2023 | ₹35m | ₹35m | -₹325m |
| Dec 31 2022 | n/a | n/a | ₹51m |
| Sep 30 2022 | n/a | n/a | ₹213m |
| Jun 30 2022 | n/a | n/a | ₹599m |
| Mar 31 2022 | ₹97m | ₹16m | ₹607m |
| Dec 31 2021 | n/a | n/a | ₹395m |
| Sep 30 2021 | n/a | n/a | ₹376m |
| Jun 30 2021 | n/a | n/a | ₹631m |
| Mar 31 2021 | ₹97m | ₹16m | ₹1b |
| Dec 31 2020 | n/a | n/a | ₹2b |
| Sep 30 2020 | n/a | n/a | ₹2b |
| Jun 30 2020 | n/a | n/a | ₹2b |
| Mar 31 2020 | ₹99m | ₹10m | ₹2b |
| Dec 31 2019 | n/a | n/a | ₹1b |
| Sep 30 2019 | n/a | n/a | ₹1b |
| Jun 30 2019 | n/a | n/a | ₹944m |
| Mar 31 2019 | ₹75m | ₹10m | ₹1b |
| Dec 31 2018 | n/a | n/a | ₹1b |
| Sep 30 2018 | n/a | n/a | ₹1b |
| Jun 30 2018 | n/a | n/a | ₹1b |
| Mar 31 2018 | ₹81m | ₹16m | ₹1b |
Compensation vs Market: Vishnukanth's total compensation ($USD419.58K) is above average for companies of similar size in the Indian market ($USD271.17K).
Compensation vs Earnings: Vishnukanth's compensation has been consistent with company performance over the past year.
CEO
Vishnukanth Bhutada (61 yo)
1.7yrs
Tenure
₹35,000,000
Compensation
Mr. Vishnukanth Chaturbhuj Bhutada, B. Pharm. serves as the Managing Director of Shilpa Medicare Limited since August 11, 2022 . Mr. Bhutada joined Shilpa Medicare Limited in November 1987.He serves as th...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Director | 1.7yrs | ₹35.00m | 8.87% ₹ 4.2b | |
| Chief Financial Officer | 2.9yrs | ₹13.20m | 0.0023% ₹ 1.1m | |
| VP of Projects & Operations and Whole-time Director | no data | ₹14.50m | no data | |
| Company Secretary & Compliance Officer | 1.9yrs | ₹4.50m | no data | |
| Chief Operating Officer of Formulations | no data | ₹22.95m | no data | |
| Vice President | no data | ₹12.40m | no data | |
| Senior Vice President of Technical | no data | ₹6.06m | no data | |
| Chief Human Resource Officer | no data | no data | no data | |
| Business Head of Biologics | no data | no data | no data | |
| Chief Scientific Officer of Biologicals | no data | ₹46.30m | no data | |
| Senior VP & Global Business Head of API Business | 3.2yrs | ₹19.55m | no data | |
| Head Operation of API | no data | no data | no data |
2.4yrs
Average Tenure
56yo
Average Age
Experienced Management: 530549's management team is considered experienced (2.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Director | 36.4yrs | ₹35.00m | 8.87% ₹ 4.2b | |
| VP of Projects & Operations and Whole-time Director | 4.5yrs | ₹14.50m | no data | |
| Non-Executive Independent Director | 2.6yrs | ₹3.00m | no data | |
| Non-Executive Independent Director | 1.8yrs | ₹2.25m | no data | |
| Non-Executive Independent Director | 2.6yrs | ₹4.00m | no data | |
| Non-Executive Chairman | 36.1yrs | ₹250.00k | 3.3% ₹ 1.6b | |
| Independent Women Director | 1.7yrs | ₹1.20m | no data |
2.6yrs
Average Tenure
61yo
Average Age
Experienced Board: 530549's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.