Sterlite Technologies Management

Management criteria checks 2/4

Sterlite Technologies' CEO is Ankit Agarwal, appointed in Dec 2021, has a tenure of 2.42 years. directly owns 0.17% of the company’s shares, worth ₹112.42M. The average tenure of the management team and the board of directors is 1.5 years and 4.7 years respectively.

Key information

Ankit Agarwal

Chief executive officer

₹41.8m

Total compensation

CEO salary percentage	n/a
CEO tenure	2.4yrs
CEO ownership	0.2%
Management average tenure	1.5yrs
Board average tenure	4.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Ankit Agarwal's remuneration changed compared to Sterlite Technologies's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹1b
Sep 30 2023	n/a	n/a	₹2b
Jun 30 2023	n/a	n/a	₹3b
Mar 31 2023	₹39m	n/a	₹2b
Dec 31 2022	n/a	n/a	₹2b
Sep 30 2022	n/a	n/a	₹326m
Jun 30 2022	n/a	n/a	-₹870m
Mar 31 2022	₹37m	₹27m	₹2b
Dec 31 2021	n/a	n/a	₹2b
Sep 30 2021	n/a	n/a	₹4b
Jun 30 2021	n/a	n/a	₹4b
Mar 31 2021	₹6m	₹6m	₹3b

Compensation vs Market: Ankit's total compensation ($USD500.39K) is above average for companies of similar size in the Indian market ($USD381.28K).

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

CEO

Ankit Agarwal (40 yo)

2.4yrs

Tenure

₹41,800,000

Compensation

Mr. Ankit Agarwal serves as Director at Sterlite Technologies Limited since October 2023. He served as Whole Time Director at Sterlite Technologies Limited since January 20, 2021 until October 2023 and ser...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ankit Agarwal	MD & Director	2.4yrs	₹41.80m	0.17% ₹ 112.4m
Pravin Agarwal	Vice Chairman	17.6yrs	₹83.70m	0.010% ₹ 6.7m
Venkatesh Murthy	Director of Operations	less than a year	₹15.80m	0.011% ₹ 7.1m
Tushar Shroff	Group Chief Financial Officer	1.4yrs	no data	no data
Badri Gomatam	Group Chief Technology Officer	no data	₹14.35m	0% ₹ 0
Chetan Wani	Head of Investor Relations	no data	no data	no data
Amit Deshpande	Corporate General Counsel	10.2yrs	₹7.20m	no data
Khushboo Chawla	Global Head of Marketing & Communications	less than a year	no data	no data
Ashwini Bakshi	Chief Sales Officer	1.7yrs	no data	no data
Anjali Byce	Group Chief Human Resources Officer	no data	no data	0.0092% ₹ 6.0m
Sanjeev Bedekar	Chief Delivery & Technology Officer - Telecom Services	no data	no data	no data
Philip Coppin	Global Head of Tech Pre-Sales - Optical Network Business	no data	no data	0.027% ₹ 17.5m

1.5yrs

Average Tenure

58yo

Average Age

Experienced Management: 532374's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Ankit Agarwal	MD & Director	3.3yrs	₹41.80m	0.17% ₹ 112.4m
Pravin Agarwal	Vice Chairman	17.6yrs	₹83.70m	0.010% ₹ 6.7m
Venkatesh Murthy	Director of Operations	less than a year	₹15.80m	0.011% ₹ 7.1m
Anil Agarwal	Non-Executive Chairman	17.6yrs	no data	no data
Sandip Das	Independent Director	6.6yrs	₹4.40m	0.0017% ₹ 1.1m
Bangalore Arun	Independent Director	3.3yrs	₹4.30m	no data
Subramanian Madhavan	Independent Director	3.3yrs	₹4.20m	0.00062% ₹ 405.2k
Kumud Srinivasan	Independent Director	6yrs	₹4.50m	no data
John Medamana	Member of Advisory Board	no data	no data	no data
Guy Lupo	Member of Advisory Board	no data	no data	no data

4.7yrs

Average Tenure

64yo

Average Age

Experienced Board: 532374's board of directors are considered experienced (4.7 years average tenure).

Sterlite Technologies Management

Management criteria checks 2/4

Key information

Recent management updates

Insufficient new directors

Sterlite Technologies Limited Announces Board Appointments

Sterlite Technologies Limited Announces Executive Changes

Sterlite Technologies Limited, Annual General Meeting, Aug 11, 2023

Sterlite Technologies Limited Appoints Tushar Shroff as the Chief Financial Officer

Sterlite Technologies Limited Announces Resignation of Mr. Mihir Modi as Chief Financial Officer (Cfo), Effect from Close of Business Hours of October 14, 2022

Recent updates

Sterlite Technologies Limited to Report Q4, 2024 Results on May 08, 2024

Third quarter 2024 earnings released: ₹1.23 loss per share (vs ₹1.93 profit in 3Q 2023)

Now 23% undervalued after recent price drop

New minor risk - Shareholder dilution

Sterlite Technologies Limited has filed a Follow-on Equity Offering.

Investor sentiment improves as stock rises 16%

Sterlite Technologies Limited completed the acquisition Clearcomm Group Limited.

Sterlite Technologies Limited completed the acquisition Clearcomm Group Limited.

Consensus EPS estimates fall by 76%

Insufficient new directors

Third quarter 2024 earnings released: ₹1.23 loss per share (vs ₹1.96 profit in 3Q 2023)

Sterlite Technologies Limited to Report Q3, 2024 Results on Jan 25, 2024

Sterlite Technologies Limited Announces Board Appointments

Second quarter 2024 earnings released: EPS: ₹0.71 (vs ₹1.11 in 2Q 2023)

Investor sentiment deteriorates as stock falls 18%

Consensus EPS estimates increase by 10%, revenue downgraded

Sterlite Technologies Limited to Report Q2, 2024 Results on Oct 26, 2023

Sterlite Technologies Limited Launches Alnnov

Sterlite Technologies Limited Formally Announces the Launch of its Manufacturing Facility in Lugoff, South Carolina - The Palmetto Plant

Sterlite Technologies Limited Announces Executive Changes

Upcoming dividend of ₹1.00 per share at 0.7% yield

Price target decreased by 13% to ₹185

Full year 2023 earnings: EPS and revenues miss analyst expectations

Sterlite Technologies Limited Proposes Dividend for the Financial Year Ended March 31, 2023

Sterlite Technologies Limited, Annual General Meeting, Aug 11, 2023

Sterlite Technologies Limited Recommends Final Dividend for the Year 2022-23

Full year 2023 earnings: EPS and revenues miss analyst expectations

Sterlite Technologies Limited to Report Q4, 2023 Results on May 17, 2023

ZephyrTel, Inc. signed an agreement to acquire Elitecore Technologies Sdn. Bhd and Sterlite Technologies DMCC and Elitecore Technologies from Sterlite Technologies Limited (BSE:532374) for $15 million.

Third quarter 2023 earnings released: EPS: ₹1.96 (vs ₹3.53 loss in 3Q 2022)

Sterlite Technologies Limited to Report Q3, 2023 Results on Jan 27, 2023

Now 23% undervalued after recent price drop

Sterlite Technologies Limited (BSE:532374) completed the acquisition of a 25% stake in Jiangsu Sterlite & Tongguang Optical Fibers Co., Ltd. from Jiangsu Tongguang Information Co. Ltd.

Sterlite Technologies Limited Appoints Tushar Shroff as the Chief Financial Officer

Sterlite Technologies Limited (BSE:532374) completed the acquisition of a 25% stake in Jiangsu Sterlite & Tongguang Optical Fibers Co., Ltd. from Jiangsu Tongguang Information Co. Ltd.

Second quarter 2023 earnings released: EPS: ₹1.11 (vs ₹2.55 in 2Q 2022)

Sterlite Technologies Limited to Report Q2, 2023 Results on Nov 04, 2022

Sterlite Technologies Limited Announces Resignation of Mr. Mihir Modi as Chief Financial Officer (Cfo), Effect from Close of Business Hours of October 14, 2022

Sterlite Technologies Limited Appoints Ashwini Bakshi as Chief Sales Officer

Sterlite Technologies Limited Approves Dividend for the Financial Year Ended March 31, 2022

Upcoming dividend of ₹0.50 per share

Sterlite Technologies Limited Launches Comprehensive Optical Suite for India's 5G Readiness

First quarter 2023 earnings released: ₹0.51 loss per share (vs ₹2.89 profit in 1Q 2022)

Sterlite Technologies Limited, Annual General Meeting, Aug 26, 2022

Sterlite Technologies Limited to Report Q1, 2023 Results on Jul 25, 2022

Sterlite Technologies Limited (BSE:532374) signed the definitive agreement to acquire remaining 25% stake in Jiangsu Sterlite Tongguang Fiber Co. Ltd. from Jiangsu Tongguang Information Co. Ltd. for CNY 55.7 million.

Full year 2022 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 57%

Price target decreased to ₹273

Investor sentiment deteriorated over the past week

High number of new directors

Vedanta Group to Divest 25% Stake in Each of 3 Sterlite Technologies Units

Sterlite Technologies Limited to Report Q4, 2022 Results on Apr 28, 2022

Investor sentiment improved over the past week

Sterlite Technologies Limited VMWare and ASOCS Unveil End-To-End 5G Enterprise Solution At MWC 2022

Sterlite Technologies Limited VMWare and ASOCS Unveil End-To-End 5G Enterprise Solution At MWC 2022

Sterlite Technologies Limited to Unveil All-In 5G Offerings At MWC 2022

Investor sentiment deteriorated over the past week

Price target decreased to ₹307

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Now 21% undervalued after recent price drop

Consensus EPS estimates fall by 31%

Insider recently sold ₹18m worth of stock

Sterlite Technologies Limited Launches VMWare-Powered Programmable FTTx for Broadband Connectivity

Insider recently sold ₹17m worth of stock

Group CEO & Whole-time Director Anand Gopaldas Agarwal has left the company

Anil Nagar, Info Edge (India) Limited (NSEI:NAUKRI), Konark Trust, Mmpl Trust, WestBridge AIF I, managed by WestBridge Capital Partners LLC completed the acquisition of unknown minority stake in Metis Eduventures Private Limited from Sterlite Technologies Limited (BSE:532374).

Chief Corporate Officer recently sold ₹11m worth of stock

Insider recently sold ₹1.6m worth of stock