With the recent boom of startup companies and their market values, their top management and founders have been taking home hefty annual salary packages. As 2023 comes to an end, companies have released their financial reports, revealing the salaries of their founders.

Zerodha founders Nithin and Nikhil Kamath were the highest paid startup founders of 2023.

The top spot in which startup founder has the highest salary has been reserved by the founders of Zerodha – Nithin Kamath and Nikhil Kamath, who collectively took home an annual salary of nearly 200 crore.

Stay tuned with breaking news on HT Channel on Facebook. Join Now

While the Kamath brothers themselves took home 72 crores each as salary, Zerodha CEO Nithin Kamath’s wife and firm’s director Seema Patil’s annual salary package was 36 crore, as per the company’s filings.

Oyo founder Ritesh Agarwal was the second name on the list, while his salary was significantly lower than that of the Kamath brothers, at 12 crores annually. Nykaa founder Falguni Nayar, who was once the richest woman in India, took home an annual salary of less than 2 crore this year.

Top earning startup founders of 2023

Nikhil and Nithin Kamath (Zerodha) – 72 crore each

Ritesh Agarwal (Oyo) – 12 crore

Deepak Singh Ahlawat (GamesKraft) – 10.1 crore

Manish Taneja and Rahul Dash (Purplle) – 6.75 crore each

Vijay Shekhar Sharma (Paytm) – 4 crore

Sahil Barua and Kapil Bharati (RateGain) – 3.1 crore each

Gaurav Singh Kushwaha (BlueStone) – 3 crore

Mithun Sacheti (CaratLane) – 2.62 crore

Aman Gupta and Sameer Mehta (boAT) – 2.5 crore each

(Salary data from company filings, Inc42 salary tracker)

Other companies which heftily pay their founders and CEOs are HealthifyMe, Lenskart, Noise and MamaEarth. The founders of the 42 new-age startup companies in India took home a total salary of 228 crore combined, as reported by Inc42.

The report also stated that Indian startups have laid off more than 29,000 employees in this financial year, despite many of the companies picking up major funding from billionaires and investors.

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *