Top-Paid Founders of Indian Startups Tapping Capital Markets

In the midst of a thriving Indian startup ecosystem, marked by a surge in unicorns, the initial public offerings (IPO) landscape has flourished, with notable debuts in the recent past.

Unveiling Top Executive Compensation

As IPO prospectuses are unveiled, insights into top executive compensation are disclosed, shedding light on the substantial earnings of founders in the last financial year. Business Insider presents a compilation of founders based on their salaries in descending order, providing a glimpse into their lucrative earnings.

Falguni Nayyar, Nykaa — ₹10.8 crore for FY21

Falguni Nayyar, CEO and founder of Nykaa, a leading fashion e-commerce platform, garnered a substantial remuneration of ₹10.8 crore in FY21, marking a significant increase from previous years. Additionally, Nayyar’s ownership in the company, facilitated through trusts managed by KKR India head Sanjay Nayar, adds to her financial portfolio.

Vijay Shekhar Sharma, Paytm — ₹3.4 crore for FY21

Vijay Shekhar Sharma, the visionary behind Paytm, received a compensation of ₹3.4 crore for FY21. His recent re-appointment as the managing director and CEO of Paytm’s parent company, One97 Communication, contributed to an enhanced annual salary of ₹4 crore, accompanied by various perquisites and benefits.

Deepinder Goyal, Zomato — ₹1.9 crore for FY21

Deepinder Goyal, CEO and co-founder of Zomato, witnessed a remarkable journey with the company’s IPO. Amidst this success, Goyal’s compensation for FY21 stood at ₹1.9 crore, complemented by his significant shareholdings in the company, reflecting his enduring commitment to Zomato’s growth trajectory.

Yashish Dhaiya, PolicyBazaar — ₹2.8 crore for FY21

Yashish Dhaiya, the driving force behind PolicyBazaar, received a notable compensation of ₹2.8 crore in FY21, underscoring his pivotal role in the company’s operations and strategic vision. Dhaiya’s leadership has propelled PolicyBazaar to new heights in the competitive insurance marketplace.

Alok Bansal, PolicyBazaar — ₹2.1 crore for FY21

Alok Bansal, CFO of PolicyBazaar, commanded a compensation of ₹2.1 crore for FY21, reflecting his instrumental contributions to the company’s financial management and growth initiatives. His re-appointment as a Whole-time Director further underscores his pivotal role in PolicyBazaar’s strategic direction.

Upasana Taku and Bipin Preet Singh, Mobikwik — ₹1.4 crore each for FY21

Upasana Taku and Bipin Preet Singh, co-founders of Mobikwik, received a joint compensation of ₹1.4 crore each for FY21, highlighting their collaborative efforts in steering Mobikwik’s growth and innovation. Their significant shareholdings underscore their vested interest in Mobikwik’s success.

Rishi Gupta, Fino PayTech — ₹3 crore for FY21

Rishi Gupta, CEO of Fino PayTech, commanded a compensation of ₹3 crore for FY21, reflecting his leadership in driving Fino’s digital banking initiatives and expansion strategies. His remuneration package, inclusive of cash bonuses and stock options, underscores his pivotal role in Fino’s growth trajectory.

Vinay Vinod Sanghi, CarTrade — ₹5.21 crore for FY21

Vinay Vinod Sanghi, the chairman and CEO of CarTrade, received a substantial compensation of ₹5.21 crore for FY21, reflecting his leadership in steering CarTrade’s growth and market dominance. Sanghi’s visionary leadership has propelled CarTrade to prominence in the automotive marketplace.

In summary, these founders represent the vanguard of Indian startups tapping into capital markets, leveraging their entrepreneurial prowess and strategic acumen to drive growth and value creation.