Monday, March 20, 2023

Ashneer Grover Madhuri Jain Grover Salary In India

Ashneer Grover Salary In India : There is big news related to Ashneer Grover, former co-founder of Bharat Pe and former judge of Shark Tank India. The dispute between Ashneer Grover and Bharat Pay is still going on. On the other hand, in the regulatory filing of Bharat Pay, there has been a big disclosure about the huge salary of Ashneer and his wife Madhuri Jain Grover. In which it is clearly being told that how much money both have received as salary from the company.

Ashneer got salary in crores

Former co-founder of Bharat Pe is Ashneer Grover and his wife Madhuri Jain Grover has played the role of Head of Controls in the company. According to media reports, Ashneer took a salary of Rs 1.69 crore from the company in FY22, his wife Madhuri has been paid Rs 63 lakh.

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So much payment to Suhail and Rajneesh

Earlier last year, the couple (Ashneer-Madhuri) was ousted from the fintech unicorn over financial allegations. Former chief executive officer Suhail Sameer was paid Rs 2.1 crore in FY22, while chairman and former head of State Bank of India (SBI) Rajnish Kumar received a remuneration of Rs 21.4 lakh. Sameer had resigned from the post of CEO earlier this month. Ashneer has drawn a salary of Rs 1.69 crore in FY22, his wife was also paid Rs 63 lakh from the company during this period.

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separate earnings from stock

Among other key managerial personnel of the company, founder and board member Shashwat Nakrani earned a compensation of Rs 29.8 lakh during this period, while board member Kewal Handa received Rs 36 lakh. However, these remunerations do not include share-based payments to individuals. As per the data, the company incurred Rs 70 crore of share-based payment expense in FY12, which was 218 per cent higher than the previous financial year.

Some people in the company hold the majority of ESOPs

Ashneer Grover is facing several legal proceedings by the company. Concerns are being raised over ESOPs worth Rs 315 crore being given to top people of BharatPe in FY22. Allegedly, he alleged in a letter to board members and investors that most of the ESOPs were allotted to 4 key managerial personnel of the company – Chairman Rajnish Kumar, Founder Shashwat Nakrani, Former CEO Suhail Sameer and General Counsel Sumeet Singh. were. In a case filed last year, the company has sought damages of Rs 88 crore from Grover and his family for such alleged financial embezzlement.

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