CEO Lalit Keshre led with a complete wage of INR 188.64 Cr, whereas COO Harsh Jain and CFO Ishan Bansal obtained a complete payout of INR 149.58 Cr and INR 136.96 Cr, respectively
The 4 founders additionally cashed in INR 104 Cr from promoting their stakes forward of the corporate submitting its draft IPO papers
Simply days in the past, Groww filed its up to date DRHP with SEBI for its IPO, which is able to comprise a contemporary problem of shares value as much as INR 1,060 Cr and an OFS part of as much as 57.4 Cr shares
Forward of its public itemizing, IPO-bound funding tech big Groww
dished out INR 624.6 Cr in whole remuneration to the 4 cofounders of the corporate within the fiscal yr 2024-25 (FY25).
This payout additionally included a mega INR 614.6 Cr in one-time efficiency incentives for the 4 cofounders, which was half of the corporate’s whole revenue of INR 1,824 Cr within the fiscal beneath assessment.
As per its up to date draft purple herring prospectus (DRHP), CEO Lalit Keshre led with a complete wage of INR 188.64 Cr, together with INR 185.66 Cr in incentives. Whereas COO Harsh Jain obtained INR 149.58 Cr, together with INR 146.65 Cr in incentives, in FY25, CFO Ishan Bansal earned INR 136.96 Cr, of which INR 133.97 Cr was a one-time incentive.
In the meantime, cofounder and CTO Neeraj Singh drew INR 151.32 Cr in whole payout, together with INR 148.3 Cr linked to incentives.
Forward of Groww submitting its DRHP, Keshre, Jain and Bansal additionally netted INR 27.08 Cr every by way of secondary share gross sales. In July this yr, the trio offloaded 28.05 Lakh shares every, at INR 96.56 Cr apiece, to ISP VII-B Blocker GW, an affiliate of ICONIQ Capital.
In July itself, COO Jain additionally dumped 23.6 Lakh shares of the corporate at INR 96.56 every to ICONIQ Capital for a cumulative sum of INR 22.8 Cr.
Collectively, the 4 founders cashed in INR 104 Cr from promoting their stakes forward of the corporate submitting its draft IPO papers.
This comes a few days after Groww filed its up to date DRHP with SEBI for its as much as INR 7,000 Cr IPO. The general public problem will comprise a contemporary problem of shares value as much as INR 1,060 Cr ($120.5 Mn) and an offer-for-sale (OFS) part of as much as 57.4 Cr shares.
Traders reminiscent of Peak XV, Tiger International and Ribbit will offload their stake within the upcoming IPO.
The corporate plans to utilise the contemporary proceeds for branding, bolstering its NBFC arm and strengthening its cloud infrastructure.
This follows the funding tech main submitting its DRHP by way of the confidential pre-filing route in Could this yr. Groww obtained market regulator SEBI’s approval for its itemizing in late August.
On the monetary entrance, Groww turned worthwhile in FY25 and reported a web revenue of INR 1,824.4 Cr in comparison with a lack of INR 805.5 Cr within the earlier fiscal yr. Working income jumped 50% to INR 3,901.7 Cr within the fiscal beneath assessment from INR 2,609.3 Cr in FY24.
In the meantime, in Q1 FY26, the firm’s web revenue rose 11% YoY to INR 378.4 Cr whereas working income declined 10% YoY to INR 904.4 Cr.
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