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Zerodha founders Kamath brothers' compensation touched Rs 200 cr in FY23

IndiaTimes Saturday, 9 December 2023
Zerodha founders and directors, Nithin and Nikhil Kamath, took home Rs 72 crore each as their annual remuneration in FY22. The company's board approved a remuneration of up to Rs 100 crore each for three directors. Zerodha's employee benefits cost surged 35.7% to Rs 623 crore in FY23. The company's valuation is now $3.6 billion. Nikhil Kamath recently became India's youngest billionaire at 37, and the Kamath brothers were ranked 40th on Forbes' list of India's richest people with a combined net worth of $5.5 billion.
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