Indoco Remedies Limited

BSE:532612 Stock Report

Market Cap: ₹29.9b

Indoco Remedies Management

Management criteria checks 3/4

Indoco Remedies' CEO is Sundeep Bambolkar, appointed in Feb 2012, has a tenure of 12.75 years. total yearly compensation is ₹75.54M, comprised of 61.7% salary and 38.3% bonuses, including company stock and options. directly owns 0.18% of the company’s shares, worth ₹54.82M. The average tenure of the management team and the board of directors is 7.9 years and 14 years respectively.

Key information

Sundeep Bambolkar

Chief executive officer

₹75.5m

Total compensation

CEO salary percentage61.7%
CEO tenure12.8yrs
CEO ownership0.2%
Management average tenure7.9yrs
Board average tenure14yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Sundeep Bambolkar's remuneration changed compared to Indoco Remedies's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

₹321m

Jun 30 2024n/an/a

₹767m

Mar 31 2024₹76m₹47m

₹985m

Dec 31 2023n/an/a

₹1b

Sep 30 2023n/an/a

₹1b

Jun 30 2023n/an/a

₹1b

Mar 31 2023₹65m₹40m

₹1b

Dec 31 2022n/an/a

₹2b

Sep 30 2022n/an/a

₹2b

Jun 30 2022n/an/a

₹2b

Mar 31 2022₹46m₹30m

₹2b

Dec 31 2021n/an/a

₹1b

Sep 30 2021n/an/a

₹1b

Jun 30 2021n/an/a

₹1b

Mar 31 2021₹28m₹20m

₹930m

Dec 31 2020n/an/a

₹734m

Sep 30 2020n/an/a

₹571m

Jun 30 2020n/an/a

₹393m

Mar 31 2020₹18m₹15m

₹241m

Dec 31 2019n/an/a

₹302m

Sep 30 2019n/an/a

₹264m

Jun 30 2019n/an/a

₹111m

Mar 31 2019₹15m₹12m

-₹29m

Mar 31 2018₹16m₹12m

₹412m

Compensation vs Market: Sundeep's total compensation ($USD892.66K) is above average for companies of similar size in the Indian market ($USD266.16K).

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

CEO

Sundeep Bambolkar (64 yo)

12.8yrs

Tenure

₹75,540,000

Compensation

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

NamePositionTenureCompensationOwnership
Suresh Kare
Non-Executive Chairman & Whole time Director61.3yrs₹36.89m4.7%
₹ 1.4b
Sundeep Bambolkar
Joint MD & Executive Director12.8yrs₹75.54m0.18%
₹ 54.8m
Aditi Panandikar
MD & Executive Director12.8yrs₹85.42m6.15%
₹ 1.8b
Pramod Ghorpade
Chief Financial Officer3yrs₹17.38mno data
Ramanathan Hariharan
GM of Legal1.9yrs₹5.48mno data
Kavita Inamdar
Chief Technical Officerno data₹7.57mno data
Ajay Karajagi
President of Sales & Marketingno datano datano data
Rajesh Usgaonker
Chief Marketing Officerno datano datano data
Rajan Saawant
Vice President of Corporate HRno datano datano data
Prashant Pathak
Head of OSDno datano datano data
Abhilash Soral
Executive Vice President of International Business for Regulated Marketsno datano datano data
Hemant Joshi
Senior Vice President of Sales for APIno datano datano data

7.9yrs

Average Tenure

60.5yo

Average Age

Experienced Management: 532612's management team is seasoned and experienced (7.9 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Suresh Kare
Non-Executive Chairman & Whole time Director61.3yrs₹36.89m4.7%
₹ 1.4b
Sundeep Bambolkar
Joint MD & Executive Director20.7yrs₹75.54m0.18%
₹ 54.8m
Aditi Panandikar
MD & Executive Director20.7yrs₹85.42m6.15%
₹ 1.8b
Divakar Gavaskar
Independent Non-Executive Director19.6yrs₹580.00kno data
Rajiv Kakodkar
Independent Non-Executive Director17.6yrs₹660.00k0.013%
₹ 3.9m
Anand Nadkarni
Non-Executive Director10.5yrs₹360.00kno data
Vasudha Kamat
Non-Executive & Independent Director4.7yrs₹500.00kno data
Abhijit Gore
Independent Non-Executive Director4.1yrs₹460.00k0.0054%
₹ 1.6m
Satish Shenoy
Independent Directorless than a yearno datano data
Ajay Mulgaokar
Independent Directorless than a yearno datano data

14.0yrs

Average Tenure

67yo

Average Age

Experienced Board: 532612's board of directors are seasoned and experienced ( 14 years average tenure).