Zerodha co-founders not drawing 100 crores each says billionaire Nithin kawanth

Zerodha co-founders Nithin kawanth in News Photos

Zerodha co-founders Nithin kawanth in News Photos

After a long series of tweets on withdrawal of hundred crores each by the three co-founders of zerodha coming in and trending on social media today Nitin kanwanth, one of the Co-founders clarified that they were not drawing a hundred crores salary. 

He says that he himself, his wife and his brother are allowed to draw a hundred crores each, but they were drawing less than 100 crores for sure. Kanwanth said that he was shocked by the unwanted noise on social media and clearly said,"Firstly, the reported figure isn’t the actual salary being drawn. This is an enabling resolution that allows us as working promoters to draw salaries up to the number in case of liquidity requirements. Didn’t anticipate that this would get this much attention."

Source: Economics Times

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