Onward Technologies Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Jigar Mehta

Chief executive officer

₹14.8m

Total compensation

CEO salary percentage	87.3%
CEO tenure	8yrs
CEO ownership	1.7%
Management average tenure	less than a year
Board average tenure	2.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jigar Mehta's remuneration changed compared to Onward Technologies's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹345m
Sep 30 2023	n/a	n/a	₹301m
Jun 30 2023	n/a	n/a	₹212m
Mar 31 2023	₹15m	₹13m	₹115m
Dec 31 2022	n/a	n/a	₹75m
Sep 30 2022	n/a	n/a	₹100m
Jun 30 2022	n/a	n/a	₹150m
Mar 31 2022	₹21m	₹13m	₹237m
Dec 31 2021	n/a	n/a	₹226m
Sep 30 2021	n/a	n/a	₹200m
Jun 30 2021	n/a	n/a	₹168m
Mar 31 2021	₹14m	₹7m	₹73m
Dec 31 2020	n/a	n/a	₹22m
Sep 30 2020	n/a	n/a	₹27m
Jun 30 2020	n/a	n/a	₹33m
Mar 31 2020	₹13m	₹4m	₹62m
Dec 31 2019	n/a	n/a	₹124m
Sep 30 2019	n/a	n/a	₹125m
Jun 30 2019	n/a	n/a	₹114m
Mar 31 2019	₹8m	₹8m	₹101m
Dec 31 2018	n/a	n/a	₹81m
Sep 30 2018	n/a	n/a	₹56m
Jun 30 2018	n/a	n/a	₹63m
Mar 31 2018	₹8m	₹8m	₹67m

Compensation vs Market: Jigar's total compensation ($USD177.78K) is above average for companies of similar size in the Indian market ($USD39.52K).

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

CEO

Jigar Mehta (44 yo)

8yrs

Tenure

₹14,837,000

Compensation

Mr. Jigar Harish Mehta has been the Managing Director of Onward Technologies Limited since May 16, 2016. Mr. Mehta served as the Chief Operating Officer of Onward Technologies Limited until May 16, 2016 an...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Harish Mehta	Founder	32.8yrs	₹19.96m	0.96% ₹ 98.2m
Jigar Mehta	MD & Executive Director	8yrs	₹14.84m	1.67% ₹ 170.7m
Pawan Nathani	Chief Financial Officer	less than a year	no data	no data
Vinav Agarwal	Company Secretary & Compliance Officer	less than a year	no data	no data
Sandeep Bhattacharya	Senior Vice President of Learning & Organizational Development	no data	no data	no data
Satish Ramanan	Senior VP & Head of IT Services	no data	no data	0.044% ₹ 4.5m

1.0yrs

Average Tenure

Experienced Management: 517536's management team is not considered experienced ( 1 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Harish Mehta	Founder	32.8yrs	₹19.96m	0.96% ₹ 98.2m
Jigar Mehta	MD & Executive Director	8yrs	₹14.84m	1.67% ₹ 170.7m
Dhanpal Jhaveri	Additional Independent Non-Executive Director	less than a year	no data	no data
Harsha Raghavan	Additional Non-Independent Non-Executive Director	2.9yrs	no data	no data
Jai Diwanji	Additional Independent Non-Executive Director	less than a year	no data	no data
Jay Sonawala	Independent Non-Executive Director	4yrs	₹520.00k	0.0022% ₹ 227.0k
Niranjani Chandramouli	Women Independent & Non-Executive Director	1.7yrs	₹155.00k	no data

2.9yrs

Average Tenure

51yo

Average Age

Experienced Board: 517536's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.

Onward Technologies Management

Management criteria checks 1/4

Key information

Recent management updates

MD & Executive Director recently sold ₹124m worth of stock

Onward Technologies Limited Appoints Vinav Agarwal as Company Secretary and Compliance Officer

Senior VP & Head of IT Services recently sold ₹2.5m worth of stock

Insider recently sold ₹1.3m worth of stock

Insider recently sold ₹5.4m worth of stock

Onward Technologies Limited, Annual General Meeting, Jul 17, 2023

Recent updates

Now 21% undervalued after recent price drop

Third quarter 2024 earnings released: EPS: ₹3.02 (vs ₹1.11 in 3Q 2023)

Onward Technologies Limited to Report Q3, 2024 Results on Jan 19, 2024

MD & Executive Director recently sold ₹124m worth of stock

Investor sentiment improves as stock rises 25%

Investor sentiment deteriorates as stock falls 15%

Second quarter 2024 earnings released: EPS: ₹4.27 (vs ₹0.26 in 2Q 2023)

Onward Technologies Limited Appoints Vinav Agarwal as Company Secretary and Compliance Officer

Onward Technologies Limited to Report Q2, 2024 Results on Oct 20, 2023

Senior VP & Head of IT Services recently sold ₹2.5m worth of stock

Onward Technologies Limited to Report Q1, 2024 Results on Jul 17, 2023

Upcoming dividend of ₹3.00 per share at 0.6% yield

Full year 2023 earnings released: EPS: ₹5.18 (vs ₹12.62 in FY 2022)

Insider recently sold ₹1.3m worth of stock

Insider recently sold ₹5.4m worth of stock

Onward Technologies Limited, Annual General Meeting, Jul 17, 2023

Full year 2023 earnings released: EPS: ₹5.17 (vs ₹12.62 in FY 2022)

Onward Technologies Limited Appoints Pawan Nathani as Chief Financial Officer

Insider recently sold ₹3.3m worth of stock

Third quarter 2023 earnings released: EPS: ₹1.11 (vs ₹2.60 in 3Q 2022)

Onward Technologies Limited Announces Resignation of Devanand Ramandasani as CFO

Onward Technologies Limited to Report Q3, 2023 Results on Jan 20, 2023

Insider recently sold ₹1.1m worth of stock

Onward Technologies Limited Announces Resignation of Devanand Ramandasani as Chief Financial Officer, Effective December 23, 2022

Investor sentiment improved over the past week

Second quarter 2023 earnings released: EPS: ₹0.26 (vs ₹3.18 in 2Q 2022)

Onward Technologies Limited to Report Q2, 2023 Results on Oct 21, 2022

Onward Technologies Limited Accepts the Resignation of Prachi Mehta from the Post of Directorship

Onward Technologies Limited Announces Management Changes

Upcoming dividend of ₹3.00 per share

Full year 2022 earnings released: EPS: ₹12.62 (vs ₹4.52 in FY 2021)

Onward Technologies Limited, Annual General Meeting, Jul 18, 2022

Insider recently bought ₹1.3m worth of stock

Full year 2022 earnings: EPS and revenues miss analyst expectations

Onward Technologies Limited to Report Q4, 2022 Results on May 13, 2022

Insider recently sold ₹1.2m worth of stock

Investor sentiment improved over the past week

Chief Financial Officer recently sold ₹361k worth of stock

Investor sentiment improved over the past week

Non-Executive Independent Director recently bought ₹4.9m worth of stock

Non-Executive Independent Director recently bought ₹1.8m worth of stock

Insider recently sold ₹2.3m worth of stock

Chief Financial Officer recently sold ₹2.1m worth of stock

Insider recently sold ₹2.9m worth of stock

Insider recently sold ₹3.3m worth of stock

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Insider recently sold ₹2.1m worth of stock

Onward Technologies Limited (BSE:517536) agreed to acquire NV Pune Technology Park Private Limited.

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS ₹3.18 (vs ₹1.50 in 2Q 2021)

Insider recently sold ₹650k worth of stock

Insider recently sold ₹2.0m worth of stock

First quarter 2022 earnings released: EPS ₹6.03 (vs ₹0.24 in 1Q 2021)

Investor sentiment improved over the past week

Onward Technologies Limited announced that it has received INR 282.75 million in funding from Infinity Direct Holdings

Upcoming dividend of ₹3.00 per share

Full year 2021 earnings released: EPS ₹4.52 (vs ₹3.90 in FY 2020)

Onward Technologies Limited announced that it expects to receive INR 282.75 million in funding from Infinity Direct Holdings

Investor sentiment improved over the past week

Full year 2021 earnings released: EPS ₹4.52 (vs ₹3.90 in FY 2020)

Onward Technologies Limited Recommends Final Dividend for the Year 2020-2021

New 90-day high: ₹112

Insider recently bought ₹966k worth of stock

Third quarter 2021 earnings released: EPS ₹1.45

New 90-day high: ₹108

Insider recently sold ₹1.7m worth of stock

Onward Technologies Limited to Report Q3, 2021 Results on Jan 15, 2021

Investor sentiment improved over the past week

Investor sentiment improved over the past week