In a groundbreaking financial achievement, Zerodha founders, Nithin Kamath and Nikhil Kamath, have nearing an impressive annual income of INR 200 crores for the current fiscal year. The online brokerage firm, the pioneer of its kind in the country, disclosed a combined annual income of INR 195.4 crores.
This remarkable success is not limited to the founders alone; it extends to the overall financial performance of Zerodha. The company’s board had sanctioned an annual income of INR 100 crores for the three directors in the preceding year. The substantial increase in income reflects a robust growth trajectory for Zerodha, establishing its strong financial position.
During the last financial year, the three directors of Zerodha were entitled to an annual income of INR 100 crores. The current fiscal year has witnessed a substantial upswing, with the company’s financials reaching an impressive INR 623 crores. Notably, INR 236 crores of this surge can be attributed to the income generated through the Employee Stock Ownership Plan (ESOP). The overall increase in income and associated benefits registers an impressive 35.7% growth over the past year.
Zerodha’s commitment to its stakeholders is evident in its allocation of INR 380 crores as remuneration for its life partners this year, underlining its dedication to fostering financial well-being and stability.
