Brothers Nithin and Nikhil Kamath who founded the online brokerage firm, Zerodha, drew a total of Rs 195.4 crore as total compensation in FY22-23 with each receiving a salary of Rs 72 crore as annual salary, according to a report.
The brothers who are also full-time directors at Zerodha, the country's most profitable startup, are at the top when it comes to remuneration among India's startup founders. They are followed by OYO's Ritesh Agarwal who FY23 salary is Rs 12 crore, according to Entrackr
Nithin's wife Seema Patil, who is the third full-time director of Zerodha, reportedly withdrew Rs 36 crore in the same year.
In FY22, Zerodha board approved Rs 100 crore per year salary for the three full-time directors. Following this, Nithin clarified that it is not their actual salary but the maximum amount for liquidity and risk needs, added the outlet.
What is Nithin and Nikhil Kamath's net worth?
In the list of India's 100 richest people released by Forbes on October 11, 2023, the families of Nithin and Nikhil Kamath were ranked at 40 with a combined net worth of Rs 45.754.5 crore ($5.5 billion).
As of December 10, 2023, Nithin Kamath's net worth was calculated at Rs 22,526 crore ($2.7 billion) and Nikhil Kamath's net worth stood at Rs 9,177 crore ($1.1 billion), as per Forbes real time data.
