The research investigates how management independence and size i.e., board independence and board size affect the financial success of Indian firms by examining Return on Assets (ROA), Return on Equity (ROE), and Net Profit Margin. This study quantitatively analyzed data from 2018-2022, encompassing a diverse range of Indian public companies and sectors. Studies indicate that a higher proportion of independent directors on company boards correlates with enhanced asset utilization and subsequently stronger ROA. More board members mean lower profits due to extra work and higher agency costs. Board independence and size don’t really affect ROE or profit margins. To improve their financial standing, Indian companies must strengthen their boards and optimize asset utilization.