Electrovaya Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Raj Gupta

Chief executive officer

US$2.4m

Total compensation

CEO salary percentage	8.8%
CEO tenure	2yrs
CEO ownership	0.7%
Management average tenure	2yrs
Board average tenure	6.2yrs

Recent management updates

Recent updates

Electrovaya: Decent Growth Prospects But Too Many Red Flags

Jan 22

CEO Compensation Analysis

How has Raj Gupta's remuneration changed compared to Electrovaya's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$894k
Sep 30 2023	US$2m	US$208k	-US$1m
Jun 30 2023	n/a	n/a	-US$6m
Mar 31 2023	n/a	n/a	-US$7m
Dec 31 2022	n/a	n/a	-US$10m
Sep 30 2022	US$278k	US$157k	-US$9m
Jun 30 2022	n/a	n/a	-US$8m
Mar 31 2022	n/a	n/a	-US$8m
Dec 31 2021	n/a	n/a	-US$8m
Sep 30 2021	US$3m	US$159k	-US$8m
Jun 30 2021	n/a	n/a	-US$6m
Mar 31 2021	n/a	n/a	US$419k
Dec 31 2020	n/a	n/a	US$1m
Sep 30 2020	US$307k	US$126k	US$1m
Jun 30 2020	n/a	n/a	-US$675k
Mar 31 2020	n/a	n/a	-US$7m
Dec 31 2019	n/a	n/a	-US$8m
Sep 30 2019	US$527k	US$113k	-US$3m
Jun 30 2019	n/a	n/a	-US$3m
Mar 31 2019	n/a	n/a	-US$4m
Dec 31 2018	n/a	n/a	-US$5m
Sep 30 2018	US$96k	US$96k	-US$10m
Jun 30 2018	n/a	n/a	-US$9m
Mar 31 2018	n/a	n/a	-US$9m
Dec 31 2017	n/a	n/a	-US$7m
Sep 30 2017	US$164k	US$91k	-US$5m

Compensation vs Market: Raj's total compensation ($USD2.36M) is above average for companies of similar size in the US market ($USD674.55K).

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

CEO

Raj Gupta

2yrs

Tenure

US$2,360,111

Compensation

Dr. Rajshekar Das Gupta, also known as Raj, Ph. D., serves as Chief Executive Officer and Director of Electrovaya Inc. from May 2022. He is Co-Founder of Electrovaya Inc. He Joined Electrovaya Inc. in 200...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Sankar Gupta	Executive Chairman	28.3yrs	US$355.93k	31.14% $ 33.9m
Rajshekar Gupta	CEO & Director	2yrs	US$2.36m	0.71% $ 770.5k
James Jacobs	Co-Founder & Independent Director	no data	US$30.93k	7.05% $ 7.7m
Francis Gibson	CFO & Secretary	1.9yrs	US$299.48k	0.00072% $ 784.7
Kyle O'Leary	Director of Operations	no data	no data	no data
Jason Roy	Director of Corporate Development & Investor Relations	2.3yrs	no data	no data
Jeremy Dang	Vice President of Business & Project Development	no data	no data	no data

2.0yrs

Average Tenure

Experienced Management: ELVA's management team is considered experienced (2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Sankar Gupta	Executive Chairman	28.3yrs	US$355.93k	31.14% $ 33.9m
Rajshekar Gupta	CEO & Director	2yrs	US$2.36m	0.71% $ 770.5k
James Jacobs	Co-Founder & Independent Director	6.2yrs	US$30.93k	7.05% $ 7.7m
Carolyn Hansson	Independent Director	7.3yrs	US$30.93k	0.15% $ 160.8k
Kartick Kumar	Independent Director	3.3yrs	US$30.93k	0.000010% $ 10.9

6.2yrs

Average Tenure

74yo

Average Age

Experienced Board: ELVA's board of directors are considered experienced (6.2 years average tenure).

Electrovaya Management

Management criteria checks 3/4

Key information

Recent management updates

Electrovaya Inc., Annual General Meeting, Mar 28, 2024

Electrovaya Inc. Appoints Steven Berkenfeld to its Board of Directors

Electrovaya Inc., Annual General Meeting, Mar 24, 2023

Electrovaya Inc. Appoints John Gibson as its Chief Financial Officer

Electrovaya Inc. Appoints Raj Das Gupta as Chief Executive Officer Replacing Sankar Das Gupta

Electrovaya Inc. Appoints Raj Das Gupta as Chief Executive Officer Replacing Sankar Das Gupta

Recent updates

Electrovaya Inc. to Report Q2, 2024 Results on May 13, 2024

New minor risk - Market cap size

Price target decreased by 21% to US$8.33

Electrovaya Inc. Re-Affirms Earnings Guidance for the Fiscal Year Ending September 30, 2024

Electrovaya Inc. Provides Earnings Guidance for the Fiscal Year Ending September 30, 2024

Electrovaya Inc. to Report Q1, 2024 Results on Feb 12, 2024

Electrovaya Inc., Annual General Meeting, Mar 28, 2024

Electrovaya: Decent Growth Prospects But Too Many Red Flags

Electrovaya Inc. announced delayed annual 10-K filing

Electrovaya Inc. announced delayed annual 10-K filing

Electrovaya Inc. Begins Shipping Infinity-HV Battery Systems

Price target decreased by 30% to US$10.50

Electrovaya Inc. Appoints Steven Berkenfeld to its Board of Directors

Third quarter 2023 earnings released: EPS: US$0.002 (vs US$0.05 loss in 3Q 2022)

Electrovaya Inc. to Report Q3, 2023 Results on Aug 14, 2023

New minor risk - Share price stability

Electrovaya Launches Infinity-Hv Battery Systems for Electric Bus, Truck and Energy Storage Applications

Electrovaya Inc. Announces New Higher Capacity Lithium-Ion Infinity Cell Series

Electrovaya Inc. Provides Earnings Guidance for the Fiscal Year 2023

Electrovaya Inc. Provides Revenue Guidance for the Fiscal Year 2023

Electrovaya Inc. to Report Q1, 2023 Results on Feb 13, 2023

Electrovaya Inc., Annual General Meeting, Mar 24, 2023

Electrovaya Inc. Provides Revenue Guidance for the Year 2022

Electrovaya Inc. to Report Q4, 2022 Results on Dec 05, 2022

Electrovaya to Develop New Generation of Stationary Battery Energy Storage Systems Using Its Proprietary Infinity Battery Technology

Electrovaya Inc. announced that it has received CAD 14.843472 million in funding

Electrovaya Inc. announced that it has received CAD 14.843472 million in funding

Electrovaya Inc. announced that it expects to receive CAD 14.843472 million in funding

Electrovaya Inc. Reiterates Revenue Guidance for the Fiscal Year 2023

Electrovaya Inc. Provides Revenue Guidance for the Fourth Quarter, Full Year 2022 and 2023

Electrovaya Inc. to Report Q3, 2022 Results on Aug 11, 2022

Electrovaya Inc. Appoints John Gibson as its Chief Financial Officer

Electrovaya Inc. Appoints Raj Das Gupta as Chief Executive Officer Replacing Sankar Das Gupta

Electrovaya Inc. Appoints Raj Das Gupta as Chief Executive Officer Replacing Sankar Das Gupta

Electrovaya Inc. Revises Revenue Guidance for the Fiscal Year 2022

Electrovaya Inc. to Report Q2, 2022 Results on May 10, 2022

Electrovaya Inc. Announces Breakthrough Performance for Proprietary Solid State Hybrid Battery Technology

Electrovaya Inc. Completes UL2580 Certification for 28 Models of 48V Lithium Ion Batteries for Materials Handling Electric Vehicles

Electrovaya Provides Revenue Guidance for the Fiscal Year Ending September 30, 2022

Electrovaya Inc. to Report Q1, 2022 Results on Feb 14, 2022

Electrovaya Inc. Appoints Kartick Kumar to Its Board of Directors

Electrovaya Inc. Provides Earnings Outlook for the Fiscal Year Ending September 30, 2022

Electrovaya Inc. announced that it expects to receive CAD 3.794999 million in funding

Electrovaya Inc. Announces Its Research Division, Electrovaya Labs Produce Promising Initial Test Results Using A Proprietary Approach for A Solid State Battery

Electrovaya Inc. Withdraws Earnings Guidance for the Fiscal Year 2021

Electrovaya Announces Commercial Launch of Its Electric Bus Battery

Electrovaya Inc. to Report Q1, 2021 Results on Feb 10, 2021

Electrovaya Inc. announced that it has received CAD 3.27 million in funding

Electrovaya Inc. and The Raymond Corporation Complete a Strategic Supply Agreement for the Supply of Battery Systems

Electrovaya Inc., Annual General Meeting, Feb 17, 2021

Electrovaya Inc. to Report Fiscal Year 2020 Results on Nov 30, 2020

Electrovaya Inc. Achieves Key Milestone with UL2580 (Batteries for Use in Electric Vehicles) Listing

Electrovaya Inc. to Report Q3, 2020 Results on Jul 20, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age