Saregama India Ltd: India’s premier music publishing label


(vigneshb) #21

Thanks.

I was referring to this table below from FY17 AR.

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The remuneration to Viram (Rs.5.3 crores) is way over the ceiling of Rs.1.78 crores. However, in the most recent annual report FY18 I note that they have retrieved this money back. I haven’t really worked out how/why. But there is a note on the FY18 AR.


#22

Vikram is the jockey here so I am ok if he gets his legitimate due. He is a fantastic choice for an organisation which needs to monetize/market its irreplaceable assets. He is not getting ESOP but stock appreciation rights in cash. He is the same guy who launched a new car Tata Indica and launched TataSky from scratch. Now he has launched an entirely new product i.e. Caravaan. A new category out of nowhere which could clock 200cr of EBIT within 2 yrs of launch.

BTW, I just checked out their latest version of Carvaan which can be operated through an APP selling for 7300/piece. Good margin kicker for sure and selling well as far as I could gather.

Disc: Invested