Management Analysis – Monte Carlo Fashions Limited

Management and their remunerations

Bhumika Jain
2 Min Read
Highlights
  • MCFL paid ₹20+ crores to Ms. Monica and Ms. Ruchika Oswal over FY2012-FY2024.
  • Both Executive Directors, aged 53, with over 23 years of experience, are not highlighted as senior management.
  • Mr. Rishabh Oswal, aged 32, with 11 years of experience, is highlighted as a senior manager.
  • Disparity in remuneration: ₹1.85 crore for Mr. Rishabh Oswal versus ₹0.86 crore for each Executive Director in FY24.

NSE: MONTECARLO

• Jawahar Lal Oswal, Chairman, Managing Director

Mr. Jawahar Lal Oswal is the Non-Executive Chairman but belongs to the promoter category. He is a Graduate with 46 years of rich business experience in the Textile and Woollen industry.

• Dinesh Oswal, Managing Director

He is the Company’s Managing Director and belongs to the promoter category. He is a commerce graduate with 25 years of business experience in Textile and Financial Activities. His directorships in Public Companies are not more than 15. He holds two chairman positions and one membership position in board-level committees of public companies.

• Kamal Oswal, Non-executive Independent Director

He is a non-executive Director of the Company and belongs to the promoter category. He is a commerce graduate and has good experience of managing business. His directorships in Public Companies are not more than 15. He holds two chairman positions and two membership positions in board-level committees of public companies.

• Dinesh Gogna, Non-executive Director

He is a B.A., L.L.B and has 31 years of experience in Corporate Finance and Taxation. He holds directorship positions in 10 Public Companies. He holds five membership positions in Board level committees of public companies.

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