Indoco Remedies Limited

BSE:532612 Stock Report

Market Cap: ₹30.1b

Indoco Remedies Management

Management criteria checks 2/4

Indoco Remedies' CEO is Sundeep Bambolkar, appointed in Feb 2012, has a tenure of 12.33 years. total yearly compensation is ₹65.50M, comprised of 60.6% salary and 39.4% bonuses, including company stock and options. directly owns 0.18% of the company’s shares, worth ₹55.06M. The average tenure of the management team and the board of directors is 7.5 years and 13.6 years respectively.

Key information

Sundeep Bambolkar

Chief executive officer


Total compensation

CEO salary percentage60.6%
CEO tenure12.3yrs
CEO ownership0.2%
Management average tenure7.5yrs
Board average tenure13.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Sundeep Bambolkar's remuneration changed compared to Indoco Remedies'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₹65m₹40m


Dec 31 2022n/an/a


Sep 30 2022n/an/a


Jun 30 2022n/an/a


Mar 31 2022₹46m₹30m


Dec 31 2021n/an/a


Sep 30 2021n/an/a


Jun 30 2021n/an/a


Mar 31 2021₹28m₹20m


Dec 31 2020n/an/a


Sep 30 2020n/an/a


Jun 30 2020n/an/a


Mar 31 2020₹18m₹15m


Dec 31 2019n/an/a


Sep 30 2019n/an/a


Jun 30 2019n/an/a


Mar 31 2019₹15m₹12m


Mar 31 2018₹16m₹12m


Compensation vs Market: Sundeep's total compensation ($USD784.00K) is above average for companies of similar size in the Indian market ($USD264.69K).

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


Sundeep Bambolkar (64 yo)





Mr. Sundeep Vasant Bambolkar has been a Joint Managing Director at Indoco Remedies Limited since February 15, 2012. Mr. Bambolkar served as Chief Financial Officer at Indoco Remedies Limited from March 23,...

Leadership Team

Suresh Kare
Non-Executive Chairman & Whole time Director60.9yrs₹53.92m4.7%
₹ 1.4b
Sundeep Bambolkar
Joint MD & Executive Director12.3yrs₹65.50m0.18%
₹ 55.1m
Aditi Panandikar
MD & Executive Director12.3yrs₹73.93m6.08%
₹ 1.8b
Pramod Ghorpade
Chief Financial Officer2.6yrs₹14.91mno data
Ramanathan Hariharan
GM of Legal1.5yrs₹3.83mno data
A. Rege
President of Operationsno datano datano data
Kavita Inamdar
Chief Technical Officerno data₹7.57mno data
Bandari Kumar
Senior Vice President of Marketingno datano datano data
Vilas Nagare
President of Corporate Affairs and M&Ano datano datano data


Average Tenure


Average Age

Experienced Management: 532612's management team is seasoned and experienced (7.5 years average tenure).

Board Members

Suresh Kare
Non-Executive Chairman & Whole time Director60.9yrs₹53.92m4.7%
₹ 1.4b
Sundeep Bambolkar
Joint MD & Executive Director20.3yrs₹65.50m0.18%
₹ 55.1m
Aditi Panandikar
MD & Executive Director20.3yrs₹73.93m6.08%
₹ 1.8b
Divakar Gavaskar
Independent Non-Executive Director19.2yrs₹640.00kno data
Rajiv Kakodkar
Independent Non-Executive Director17.2yrs₹720.00k0.013%
₹ 3.9m
Anand Nadkarni
Non-Executive Director10.1yrs₹360.00kno data
Vasudha Kamat
Non-Executive & Independent Director4.3yrs₹560.00kno data
Abhijit Gore
Independent Non-Executive Director3.7yrs₹520.00k0.0054%
₹ 1.6m
Satish Shenoy
Independent Directorless than a yearno datano data
Ajay Mulgaokar
Independent Directorless than a yearno datano data


Average Tenure


Average Age

Experienced Board: 532612's board of directors are seasoned and experienced ( 13.6 years average tenure).

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