NEW DELHI: Supam Maheshwari, Co-Founder and CEO of mom and little one care e-commerce platform FirstCry, has seen his month-to-month remuneration drop no less than 49 per cent to Rs 8.6 crore, as per the corporate’s revised Draft Crimson Herring Prospectus (DRHP).
FirstCry has refiled its DRHP for an Preliminary Public Provide (IPO) with the Securities and Change Board of India (SEBI), to boost Rs 1,816 crore through recent situation of shares.
For the primary three quarters of FY24, Maheshwari’s remuneration per thirty days dropped to Rs 8.6 crore, in comparison with Rs 16.7 crore in the identical interval within the earlier fiscal yr (FY23).
With regards to complete remuneration (together with short-term employment advantages, inventory and different long-term employment advantages), Maheshwari acquired Rs 77.5 crore within the first three quarters of FY24, from Rs 200.7 crore for FY23, based on the revised DRHP.
Sanket Hattimattur, FirstCry’s different co-founder and chief of employees, acquired Rs 8.3 crore for the primary three quarters of FY24, from Rs 18.5 crore for FY23.
Gautam Sharma, the corporate’s chief monetary officer, acquired Rs 1.6 crore within the first three quarters of FY24, from Rs 4.8 crore in FY23.
In January, experiences surfaced that Maheshwari offloaded 6.2 million shares value round Rs 300 crore previous to submitting for the corporate’s IPO.
In keeping with the sooner DRHP filed in December final yr, Maheshwari has offloaded 9.34 million shares throughout six months earlier than the date of submitting of the IPO papers.
