BharatPe co-founder and former MD Ashneer Grover, who resigned in March last year, drew a salary of ₹1.69 crore in financial year (FY) 2022, while his wife, Madhuri, took home ₹63 lakh as her pay for the same period, according to Moneycontrol, which cited regulatory filings by the company.
Ashneer Grover was one of the 'sharks' on season 1 of 'Shark Tank India,' but was not retained for the second season, which began on Jan 2 (File Photo)
Among other key senior personnel, board member and co-founder Shashvat Nakrani made ₹29.8 lakh, and Kewal Handa, another member of the BharatPe board, earned ₹36 lakh. Suhail Sameer, the fintech firm's former CEO who is now the its strategic advisor, was paid ₹2.1 crore.
Chairman Rajnish Kumar, a former State Bank of India (SBI) chief, on the other hand, received a remuneration of ₹21.4 lakh. In December last year, Kumar, who joined BharatPe in October 2021, was described by Grover as his ‘biggest hiring mistake.’ Earlier this month, Kumar refused to comment on the jibe, saying he will never stoop to the former MD's level.
{{^htLoading}} {{/htLoading}}
{{^usCountry}}
Meanwhile, it is to be noted that the salary figures mentioned above do not include share-based payments to each individual, said Moneycontrol, adding that the company's financials show it had incurred share-based payments amounting to ₹70 crore in FY 2022, up 218% from the previous financial year.
{{/usCountry}}
{{#usCountry}}
Meanwhile, it is to be noted that the salary figures mentioned above do not include share-based payments to each individual, said Moneycontrol, adding that the company's financials show it had incurred share-based payments amounting to ₹70 crore in FY 2022, up 218% from the previous financial year.
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Home/Business/BharatPe filings reveal salaries of senior execs. Ashneer Grover earned…
{{^htLoading}}
Advertisement
{{/htLoading}}
SHARE THIS ARTICLE ON
{{#usCountry}}{{/usCountry}}
Hindustantimes wants to start sending you push notifications. Click allow to subscribe
