Zerodha founders Kamath brothers' compensation touched Rs 200 cr in FY23

Zerodha founders and directors, Nithin and Nikhil Kamath, took home Rs 72 crore each as their annual remuneration in FY22. The company's board approved a remuneration of up to Rs 100 crore each for three directors. Zerodha's employee benefits cost surged 35.7% to Rs 623 crore in FY23. The company's valuation is now $3.6 billion. Nikhil Kamath recently became India's youngest billionaire at 37, and the Kamath brothers were ranked 40th on Forbes' list of India's richest people with a combined net worth of $5.5 billion.