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Harsh Dwivedi
•

Medial • 1y

Salaries of top Indian startup founders revealed.(Per annum) Zerodha Nikhil Kamath - ₹48 Cr - Revenue- ₹6,832.8 Cr | Profit of ₹2,908.9 Cr Zepto Aadit Palicha - ₹1.5 Cr - Revenue- ₹2,024.3 Cr | Loss of ₹1,272.4 Cr Zaggle Raj Narayanam - ₹1.02 Cr -

Bhanu Pratap Singh Bhati

Nothing to write som... • 1y

I didn't understand the salary concept, aren't they the owner of the company? Don't they get the profit share? Plz someone explain

1 Reply

Replies (1)

DUSHYANT

Hey I am on Medial • 1y

Generally in funded startups. Investors give the approval on how much salary executives can draw. This happens because after raising funds founders no longer hold >= 51% of the company otherwise they can decide whichever salary to draw without the approval of board of investors. Another reason of taking less salary in cash is because they don't want to give tax rather grow the company, increase value of their shares and later figure out tax saving loopholes/techniques once their shares become liquid (IPO/Acquisition). In short more cash you earn the more you will pay taxes to government!

1 Reply

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