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Mindtree Management

Management criteria checks 2/4

Key information

Debashis Chatterjee

Chief executive officer

₹175.5m

Total compensation

CEO salary percentage	62.9%
CEO tenure	3.4yrs
CEO ownership	0.02%
Management average tenure	2.6yrs
Board average tenure	3.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Debashis Chatterjee's remuneration changed compared to Mindtree's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2022	n/a	n/a	₹19b
Jun 30 2022	n/a	n/a	₹18b
Mar 31 2022	₹176m	₹110m	₹17b
Dec 31 2021	n/a	n/a	₹15b
Sep 30 2021	n/a	n/a	₹14b
Jun 30 2021	n/a	n/a	₹12b
Mar 31 2021	₹113m	₹82m	₹11b
Dec 31 2020	n/a	n/a	₹10b
Sep 30 2020	n/a	n/a	₹9b
Jun 30 2020	n/a	n/a	₹8b
Mar 31 2020	₹79m	₹49m	₹6b

Compensation vs Market: Debashis's total compensation ($USD2.17M) is above average for companies of similar size in the Indian market ($USD768.38K).

Compensation vs Earnings: Debashis's compensation has increased by more than 20% in the past year.

CEO

Debashis Chatterjee (56 yo)

3.4yrs

Tenure

₹175,530,000

Compensation

Mr. Debashis Chatterjee serves as Managing Director, Chief Executive Officer and Director of Mindtree Limited since August 2, 2019 and LTIMindtree Limited. Mr. Chatterjee served as an Executive Vice Presid...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Debashis Chatterjee	CEO, MD & Director	3.4yrs	₹175.53m	0.024% ₹ 137.4m
Vinit Teredesai	Chief Financial Officer	2.6yrs	₹21.98m	0.0017% ₹ 9.8m
Aan Chauhan	Chief Technology Officer	1.5yrs	₹21.59m	no data
Sonal Basu	General Counsel	3yrs	₹19.19m	0.0026% ₹ 14.8m
Suresh Bethavandu	Chief People Officer	1.1yrs	₹5.45m	no data
Balaji Krishnan	Senior Vice President	no data	₹15.62m	no data
Suresh Prakash	Senior Vice President	no data	₹17.73m	no data
Manikandesh Venkatachalam	Chief Business Officer of TTH	4yrs	₹78.78m	no data
K. Naresh	SVP & Global Delivery Head of BFSI	22.3yrs	₹11.76m	no data
Venugopal Lambu	Additional Executive Director & President of Global Markets	2.4yrs	₹14.17b	0.019% ₹ 106.4m
Radhakrishnan Rajagopalan	Senior Vice President	2.6yrs	₹18.57m	no data
Venkat Pery	Chief Strategy Officer	2.4yrs	₹19.95m	no data

2.6yrs

Average Tenure

50yo

Average Age

Experienced Management: 532819's management team is considered experienced (2.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Debashis Chatterjee	CEO, MD & Director	3.4yrs	₹175.53m	0.024% ₹ 137.4m
Venugopal Lambu	Additional Executive Director & President of Global Markets	2.3yrs	₹14.17b	0.019% ₹ 106.4m
Akshaya Bhargava	Independent Director	6.1yrs	₹74.82m	no data
Anilkumar Naik	Non-Executive Chairman	3.5yrs	₹12.50m	no data
Ramakrishnan Chandrasekaran	Non-Executive and Independent Director	2.5yrs	₹3.00m	no data
Apurva Purohit	Lead Independent Director	9yrs	₹3.00m	no data
Bijou Kurien	Independent Director	4.5yrs	₹3.00m	no data
Ramamurthi Raman	Non-Executive Director	3.5yrs	no data	no data
Sekharipuram Subrahmanyan	Non-Executive Vice Chairman	3.5yrs	no data	no data
Deepa Wadhwa	Independent Director	3.5yrs	₹3.00m	no data

3.5yrs

Average Tenure

63.5yo

Average Age

Experienced Board: 532819's board of directors are considered experienced (3.5 years average tenure).

This company is no longer active

Mindtree Management

Management criteria checks 2/4

Key information

Recent management updates

Board Member recently sold ₹8.5m worth of stock

Board Member recently sold ₹8.5m worth of stock

Insider recently sold ₹781k worth of stock

General Counsel recently sold ₹4.6m worth of stock

Insider recently sold ₹3.1m worth of stock

High number of new directors

Recent updates

Mindtree Limited(NSEI:MINDTREE) dropped from FTSE All-World Index (USD)

Larsen & Toubro Infotech Limited (NSEI:LTI) completed the acquisition of 39% stake in Mindtree Limited (NSEI:MINDTREE).

Board Member recently sold ₹8.5m worth of stock

Board Member recently sold ₹8.5m worth of stock

Larsen & Toubro Infotech Limited (NSEI:LTI) completed the acquisition of 39% stake in Mindtree Limited (NSEI:MINDTREE).

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Mindtree Limited to Report Q2, 2023 Results on Oct 13, 2022

Mindtree Launches an Integrated Cloud-Based Solution to Accelerate Digital Transformation in the Construction Industry

Insider recently sold ₹781k worth of stock

General Counsel recently sold ₹4.6m worth of stock

Insider recently sold ₹3.1m worth of stock

Investor sentiment improved over the past week

Price target decreased to ₹3,427

Mindtree Limited Recommends Final Dividend for the Financial Year Ended March 31, 2022

Price target decreased to ₹3,697

Mindtree Limited to Report Q1, 2023 Results on Jul 13, 2022

Upcoming dividend of ₹27.00 per share

Full year 2022 earnings: EPS exceeds analyst expectations

Now 21% undervalued after recent price drop

Larsen & Toubro Infotech Limited (NSEI:LTI) agreed to acquire unknown stake in Mindtree Limited (NSEI:MINDTREE).

High number of new directors

Mindtree Clarifies on Reports of Merger with L&T Infotech

Full year 2022 earnings: EPS exceeds analyst expectations

Mindtree Limited (NSEI:MINDTREE) agreed to acquire a 6.64% stake in COPE Healthcare Consulting, Inc.

Mindtree Limited to Report Q4, 2022 Results on Apr 18, 2022

Mindtree Limited Announces Cessation of Prasanna Rangacharya Mysore as Independent Director

Chief Business Officer recently sold ₹9.9m worth of stock

Insider recently sold ₹7.8m worth of stock

Insider recently sold ₹3.9m worth of stock

Investor sentiment deteriorated over the past week

Third quarter 2022 earnings: EPS exceeds analyst expectations

Price target increased to ₹4,550

Insider recently sold ₹4.6m worth of stock

Insider recently sold ₹2.4m worth of stock

Insider recently sold ₹16m worth of stock

Second quarter 2022 earnings released: EPS ₹24.21 (vs ₹15.41 in 2Q 2021)

Price target increased to ₹3,141

Price target increased to ₹2,807

Insider recently sold ₹27m worth of stock

Price target increased to ₹2,738

Insider recently sold ₹1.9m worth of stock

Investor sentiment improved over the past week

Insider recently bought ₹1.2m worth of stock

First quarter 2022 earnings released: EPS ₹20.85 (vs ₹12.94 in 1Q 2021)

Price target increased to ₹2,364

Upcoming dividend of ₹17.50 per share

Full year 2021 earnings released: EPS ₹67.44 (vs ₹38.36 in FY 2020)

Price target increased to ₹1,925

Full year 2021 earnings released: EPS ₹67.44 (vs ₹38.36 in FY 2020)

Lead Independent Director recently sold ₹40m worth of stock

New 90-day high: ₹1,793

Insider recently bought ₹159k worth of stock

Mindtree Achieves Google Cloud Partner Specialization in Application Development

Insider recently bought ₹2.5m worth of stock

Mindtree Partners with Aflac to Develop MyAflac Mobile, an Enhanced Mobile Application

Revenue and earnings beat expectations

Third quarter 2021 earnings released: EPS ₹19.82

Price target raised to ₹1,612

New 90-day high: ₹1,739

Vice President recently sold ₹8.0m worth of stock

New 90-day high: ₹1,596

Mindtree Accelerates Cloud Business Through Global Microsoft Azure Experience Center and New Skills Academy

Insider recently sold ₹14m worth of stock

Mindtree Partners with Databricks to Offer Advanced, Cloud-Based Data Intelligence

Insider recently sold ₹8.0m worth of stock

Mindtree Partners with The Nordex Group to Drive Forward the Company's Digital Transformation Journey

Upcoming Dividend of ₹7.50 Per Share

Mindtree Limited Announces Executive Changes