100 crore salary in Zerodha organization? The largest stockbroker in India.
It’s a startup company. But it is also at the forefront of wage payments. Simultaneously paid an annual salary of Rs 100 crore per annum and climbed into the records. That organization is Zerodha. The founder Nitin Nikhil Kamath brothers, who currently serves as the largest stockbroker in the country, will receive an annual salary of Rs 100 crore salary in the Zerodha organization. To this end, the company board approved a special resolution.
Nitin Kamath’s wife Seema Patil, the company’s director, is also receiving the same salary. According to the resolution, their salary at the rate of Rs 4.17 crore per month, including other allowances, would be Rs 300 crore per annum. Infosys CEO Salil Parekh said that the salaries of the founders of Zerodha were higher than the Rs 49.68 crore taken for the last financial year. Zerodha, which started as a startup company, had a turnover of Rs. 1,000 crore on revenue of Rs. 442 crore profit. While most startups are running at a loss, it is rare for companies to show such performance.
Last year held a buyback worth $ 1 billion for the company’s employees’ stock options available to employees, and Nitin Kamath tweeted that it is holding a buyback worth $ 2 billion this year. With this, the value of Zerodha Company has now reached Rs 14,600 crore. However, Kamath explained that the risks to their business are high and that their performance is linked to the stock markets and that the markets in India are currently good.
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