Indus Towers Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Prachur Sah

Chief executive officer

₹28.7m

Total compensation

CEO salary percentage	30.4%
CEO tenure	1.3yrs
CEO ownership	n/a
Management average tenure	1.3yrs
Board average tenure	3.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Prachur Sah's remuneration changed compared to Indus Towers's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹56b
Sep 30 2023	n/a	n/a	₹33b
Jun 30 2023	n/a	n/a	₹29b
Mar 31 2023	₹29m	₹9m	₹20b

Compensation vs Market: Prachur's total compensation ($USD344.83K) is below average for companies of similar size in the Indian market ($USD942.51K).

Compensation vs Earnings: Insufficient data to compare Prachur's compensation with company performance.

CEO

Prachur Sah (46 yo)

1.3yrs

Tenure

₹28,742,825

Compensation

Mr. Prachur Sah serves as Chief Executive Officer, Managing Director and Additional Director at Indus Towers Limited since January 3, 2023. He was Deputy Chief Executive Officer of Cairn Oil & Gas at Vedan...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Prachur Sah	CEO, MD & Additional Director	1.3yrs	₹28.74m	no data
Vikas Poddar	Chief Financial Officer	3.3yrs	₹23.94m	no data
Tejinder Kalra	Chief Operating Officer	no data	no data	no data
Anil Gupta	Chief Technology and Delivery Officer	no data	no data	no data
Neeti Wahi	Chief Digital & Information Technology Officer	less than a year	no data	no data
Dheeraj Agarwal	Chief Investor Relation Officer	no data	no data	no data
Rajiv Arora	General Counsel	no data	₹10.53m	no data
Samridhi Rodhe	Company Secretary & Compliance Officer	6.6yrs	₹3.82m	no data
Prem Subedi	Head of Group Corporate Communications	no data	no data	no data
Pushkar Kataria	Chief Human Resources Officer	1.3yrs	no data	no data
Prashant Keole	Senior VP of Deployment	12yrs	₹9.90m	no data
Ajay Gupta	Senior VP of Supply Chain Management	no data	₹8.12m	no data

1.3yrs

Average Tenure

52yo

Average Age

Experienced Management: 534816's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Prachur Sah	CEO, MD & Additional Director	1.3yrs	₹28.74m	no data
Narayanan Kumar	Independent Chairman & Lead Independent Director	16yrs	₹3.50m	no data
Rajan Mittal	Non Independent & Non-Executive Director	8.3yrs	no data	no data
Randeep Sekhon	Non-Executive Non-Independent Director	3.4yrs	no data	no data
Gopal Vittal	Non-Executive Non-Independent Director	3.4yrs	no data	no data
Sunil Sood	Additional Non-executive Non-Independent Director	1.8yrs	no data	no data
Harjeet Kohli	Non-Executive & Non-Independent Director	3.4yrs	no data	no data
Thomas Reisten	Non-Executive & Non-Independent Director	3.4yrs	no data	no data
Ravinder Takkar	Non-Executive & Non-Independent Director	3.4yrs	no data	no data
Sonu Bhasin	Non-Executive Independent Director	3.4yrs	₹2.75m	no data
Anita Kapur	Independent & Non-Executive Director	6.3yrs	₹3.00m	no data
Sharad Bhansali	Non-Executive Independent Director	3.4yrs	₹2.75m	no data

3.4yrs

Average Tenure

57yo

Average Age

Experienced Board: 534816's board of directors are considered experienced (3.4 years average tenure).

Indus Towers Management

Management criteria checks 2/4

Key information

Recent management updates

Indus Towers Limited Announces Retirement of N. Kumar as Chairperson and Independent Director, Effective March 31, 2024

Indus Towers Limited Appoints Ranjini Chalam as Head of Corporate Communications CSR

Indus Towers Limited Appoints Neeti Wahi as the Chief Digital and Information Technology Officer, effective from December 06, 2023

Indus Towers Limited Announces Change in Senior Management

Indus Towers Limited, Annual General Meeting, Aug 31, 2023

Indus Towers Limited, Annual General Meeting, Aug 31, 2023

Recent updates

Bharti Airtel Reportedly Eyes Vodafone Group’s 21.05% Stake in Indus Towers

Indus Towers Limited to Report Q4, 2024 Results on Apr 30, 2024

Price target increased by 7.2% to ₹246

Investor sentiment improves as stock rises 19%

Indus Towers Limited Announces Retirement of N. Kumar as Chairperson and Independent Director, Effective March 31, 2024

Indus Towers Limited Appoints Ranjini Chalam as Head of Corporate Communications CSR

Now 22% undervalued

Price target increased by 7.3% to ₹218

Third quarter 2024 earnings: EPS exceeds analyst expectations

Now 24% overvalued after recent price rise

Price target increased by 7.3% to ₹203

Price target increased by 8.5% to ₹202

Indus Towers Limited to Report Q3, 2024 Results on Jan 23, 2024

Now 21% undervalued

Indus Towers Limited Appoints Neeti Wahi as the Chief Digital and Information Technology Officer, effective from December 06, 2023

Now 22% undervalued

Second quarter 2024 earnings: Revenues and EPS in line with analyst expectations

Indus Towers Limited to Report Q2, 2024 Results on Oct 25, 2023

Indus Towers Limited Announces Change in Senior Management

Indus Towers Limited, Annual General Meeting, Aug 31, 2023

Indus Towers Limited, Annual General Meeting, Aug 31, 2023

New minor risk - Financial position

First quarter 2024 earnings released: EPS: ₹5.00 (vs ₹1.77 in 1Q 2023)

Indus Towers Limited to Report Q1, 2024 Results on Jul 27, 2023

Full year 2023 earnings: EPS exceeds analyst expectations

Investor sentiment improves as stock rises 17%

Price target decreased by 12% to ₹188

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Indus Towers Names Ramesh Abhishek as Non-Executive Independent Director

High number of new directors

Now 21% undervalued after recent price drop

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Indus Towers Limited Appoints Pankaj Tewari as Non-Executive Non-Independent Additional Director

Indus Towers Limited to Report Q2, 2023 Results on Oct 27, 2022

Indus Towers Limited to Report Q2, 2023 Results on Oct 27, 2022

Caisse de dépôt et placement du Québec Reportedly in Talks with Vodafone to Buy the Residual 21% Stake in Indus Towers

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Indus Towers Limited, Annual General Meeting, Aug 23, 2022

Indus Towers Limited Announces Resignation of Bimal Dayal as Managing Director

Indus Towers Limited to Report Q1, 2023 Results on Aug 02, 2022

Indus Towers Limited Announces Change in Directorate

Price target decreased to ₹253

Upcoming dividend of ₹11.00 per share

Full year 2022 earnings: EPS exceeds analyst expectations

Indus Towers Limited Board Declares Interim Dividend for the Financial Year 2021-2022, Payable on or before June 4, 2022

High number of new directors

Bharti Airtel Limited (BSE:532454) completed the acquisition of a 4.7% stake in Indus Towers Limited (NSEI:INDUSTOWER) from Euro Pacific Securities Ltd.

Vodafone Looks to Sell Stake Worth $2.5 Bln in Indian Cell Tower Firm

Now 24% undervalued after recent price drop

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target increased to ₹294

Second quarter 2022 earnings released: EPS ₹5.79 (vs ₹3.96 in 2Q 2021)

Investor sentiment improved over the past week

Full year 2021 earnings released

Full year 2021 earnings released: EPS ₹17.52 (vs ₹17.84 in FY 2020)

New 90-day high: ₹271

Third quarter 2021 earnings released: EPS ₹4.94 (vs ₹4.32 in 3Q 2020)

Revenue and earnings beat expectations

Indus Towers Limited to Report Q3, 2021 Results on Jan 28, 2021

Investor sentiment improved over the past week

New 90-day high: ₹254

Price target raised to ₹240

New 90-day high: ₹240

Market bids up stock over the past week

Bharti Infratel Limited Appoints N Kumar as the Initial Chairman of the Board

Bharti Infratel Limited (NSEI:INFRATEL) completed the acquisition of remaining 58% stake in Indus Towers Limited from Vodafone India Limited, Idea Cellular Limited (NSEI:IDEA) and Providence Equity Partners LLC.

Market bids up stock over the past week

Bharti Infratel Appoints Bimal Dayal as Managing Director

First half earnings released