Nikhil Kamath (left) and Nithin Kamath. (Photo: Instagram/ Nithin Kamath)
Zerodha founders, Nithin Kamath and Nikhil Kamath, obtained a complete compensation of Rs 195.4 crore within the monetary yr 2022-23
Online brokerage agency Zerodha’s founders, Nithin Kamath and Nikhil Kamath, obtained a complete compensation of Rs 195.4 crore within the monetary yr 2022-23, in accordance with a report by Entracker.com. The Kamath brothers are additionally entire-time administrators of Zerodha.
Out of the entire wage, Nithin Kamath and Nikhil Kamath in complete withdrew a remuneration of Rs 72 crore throughout FY23.
With Rs 72 crore remuneration, the brothers occupy the highest spot by way of remuneration amongst startup founders in India, with OYO’s Ritesh Agarwal a distant second with a wage of Rs 12 crore in FY23.
Seema Patil, who’s the spouse of CEO Nithin Kamath and a complete-time director within the firm, obtained Rs 36 crore in FY23.
In the previous monetary yr 2021-22, Zerodha’s board authorised Rs 100 crore per yr wage for the Kamath brothers and Patil. Following this, Nithin clarified that the Rs 100 crore wage shouldn’t be the precise quantity however the most wage that promoters can draw for liquidity and danger necessities.
According to Entrackr, the corporate spent Rs 623 crore on worker advantages, out of which Rs 380 crore was given as salaries, together with payouts to administrators. The remaining Rs 236 crore was utilized in ESOPs settlements.
Zerodha is probably the most worthwhile startup in India.
