100 crore salaried Indian Start-up founder : Nithin Kamath and Nikhil Kamath

Unlike a lot of fintech companies here in India that have raised millions of dollars from VC firms,  Zerodha has not raised a single penny. They are completely bootstrapped by Nitin. Today with more than 1.5 million clients using the platform to place millions of orders every single day Zerodha is among the biggest brokers in India.  Besides, it is one of the few Indian fintech startups that are actually profitable and supports the fintech ecosystem by providing incubation and funding to startups to reign matter capital.

Nithin and Nikhil Kamath, the co-founders of Zerodha are ready to take home a huge salary of Rs 100 crore and a good share of their profits, regulatory filings showed.

As per a special resolution laid down by the company’s board, the founders of the largest stock brokerage company Zerodha, Nithin, and Nikhil Kamath, along with Nithin’s wife Seema Patil can take along a salary of up to Rs 100 crore each. Along with allowances, they will get a minimum salary of Rs 4.17 crore per month each,  which adds up to Rs 300 crore per year.

More like the previous, but only double the valuation, at $2 billion, a buyback will be run by the company.

Nithin tweeted about how everybody holds ESOPs & continuously gets new options. The company did buy back last year at a $1-billion valuation and this year do it at $2 billion. He stated that it was the gladdest moment in this journey, even though the valuations are conservative but because business threats are high.

Where many startups are blooming money, Zerodha, a bootstrapped start-up, earned over Rs 1,000 crore in revenue and Rs 442 crore profit in FY20, which makes a feat very different mainly in the startup world.

One of the CEOs with top annual pay packages includes Salil Parekh, Infosys CEO, with an annual pay package of Rs 49.68 crore in 2020-21. He has half the money coming from the exercise of stock options.

Nithin said that Zerodha isn’t looking forward to going public as either they want to fund nor do they want to give a sign-off to some of the investors.

Nithin said that Zerodha did not raise any funds. They were money-making with zero debt, as they do not spend on advertising and marketing which is one of the vital reasons for raising money. Instead of marketing cost, the organization wants to aim at core competency.