In FY24, average founder pay dropped by 31.6% to ₹8.26 crore. Yet, Supam Maheshwari of FirstCry led with ₹103.8 crore, though his pay halved from ₹200.7 crore the previous year.
Rajan Bajaj, the founder of Slice, earned Rs 12 as his annual salary in FY23, per PrivateCircle Research. Despite regulatory challenges, Slice’s revenue tripled to Rs 847 crore.
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