Mr. Avik G. Duke has been the Managing Director of Duke Offshore Limited since April 12, 2010. Mr. Duke serves as the Chairman of Duke Offshore Limited and has been its Whole Time Director since July 27, 2009. He joined the company in 2008 as an additional director and in 2009 the shareholders wanted him to become whole time director. Prior to this he was VP marketing at Chateau D’Óri a winery based out of Pune. Since the time Avik joined Duke the company turned around and has been making profits before which the company was making losses.
Avik had remuneration of 1.5 lac p.m. in 2009 which now stand at 2.25lac p.m. albeit nearly 10% of the total profit for the year. But, his father George who was MD in 2009 had remuneration of 3.00 lac p.m. Thus, induction of Avik has trimmed down those costs now.
The turn around was marked in the year 2008 even though the global economy was going through slowdown.
So, we can see that Avik is upto something big and hopefully it materializes.
Couldn’t find Avik’s educational qualifications.
Adjournment of AGM appeared strange. I don’t know anybody who attended the AGM
Regards
Krishna
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