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From Deepinder Goyal to Zomato’s top executives – here’s how much they earn

From Deepinder Goyal to Zomato’s top executives – here’s how much they earn
  • The $5.4 billion foodtech firm Zomato has just made its first move with respect to its initial public offering.
  • A closer look at the DRHP reveals the take home salaries of Zomato’s top leaders, including its co-founder and chief executive officer Deepinder Goyal.
  • Goyal started Zomato in 2008 and now holds a 5.5% stake in the company.
The $5.4 billion foodtech firm Zomato has just made its first move with respect to its initial public offering (IPO) by filing the Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). Zomato is going for a whopping $1.1 billion IPO, a first for India’s tech unicorns.

A closer look at the DRHP reveals the take home salaries of Zomato’s top leaders, including its co-founder and chief executive officer (CEO) Deepinder Goyal. While only Goyal and Gunjan Patidar, the chief technology officer of the company hold equity shares, the other executives also hold ESOPs beyond their salary.

Here’s a look at how much the foodtech unicorn’s top executives earn:



Deepinder Goyal

Deepinder Goyal
BCCL

Goyal started Zomato in 2008 and now holds a 5.5% stake in the company. While Goyal has a basic salary of ₹3.5 crore per annum, the co-founder has taken a pay cut owing to the COVID-19 pandemic. In the financial year ended March 31, 2021, Goyal had a salary of ₹1.96 crore. Goyal also announced that he will not be taking any money home for the next three years, as salary.

According to the DRHP filing, “Deepinder Goyal has voluntarily waived his remuneration for a period of 36 months starting from April 1, 2021 and shall continue to discharge his roles and duties as Managing Director and Chief Executive Officer during this period.”

An interesting fact is that the seed for Zomato was in Goyal’s head when he was in his last year of engineering at Indian Institute of Technology (IIT)-Delhi. “It was towards the end of my five years at IIT that I was ordering a Dominos pizza and back then, you had to call and place an order. So while in college I started a food ordering company, it didn’t work. It was way too early,” Goyal had said during a Twitter live chat with the Shiv Nadar Foundation.

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Gunjan Patidar, co-founder and chief technology officer

Gunjan Patidar, co-founder and chief technology officer
Gunjan Patidar/Linkedin

Patidar, a graduate of IIT Delhi, joined Zomato in 2010. Today, he holds the position of chief technology officer and in FY21 earned ₹1.5 crore.

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Gaurav Gupta, co-founder and head of supply

Gaurav Gupta, co-founder and head of supply
Gaurav Gupta/Linkedin

Gupta, a co-founder of Zomato and the head of supply now, took home ₹3.7 crore in FY21. Gupta is a graduate of IIT Delhi and Indian Institute of Management (IIM)-Calcutta.

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Akshant Goyal, chief financial officer

Akshant Goyal, chief financial officer
Akshant Goyal/Linkedin

Goyal earned ₹3.2 crore in FY21. He joined Zomato in 2017, and has worked with a fintech startup and Kotak Mahindra Bank earlier. Goyal is a graduate from the University of Delhi and a holds a post graduate diploma in management from the IIM-Bangalore.

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Rahul Ganjoo, head of food delivery

Rahul Ganjoo, head of food delivery
Rahul Ganjoo/Twitter

Ganjoo joined Zomato in 2017 and is the head of its food delivery operations. A graduate from University of Pune and BITS Pilani, Ganjoo earned ₹2.9 crore in FY21.

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Mohit Gupta, co-founder and head of new businesses

Mohit Gupta, co-founder and head of new businesses
Mohit Gupta/LinkedIn

Gupta joined Zomato in 2018 and as of FY21 he took home ₹3.8 crore. Prior to joining Zomato, Gupta, an IIM Calcutta graduate, worked with Pepsi and MakeMyTrip.

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Akriti Chopra, head of people development

Akriti Chopra, head of people development
Akriti Chopra/LinkedIn

Chopra, an associate of Institute of Chartered Accountants of India and a graduate of Lady Sri Ram college in Delhi, joined Zomato in 2010. The head of people development has a salary of ₹1.6 crore as of FY21.

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Surobhi Das, head of customer experience

Surobhi Das, head of customer experience
Surobhi Das/LinkedIn

Das, who is the head of customer experience at Zomato, earned ₹55 lakh in FY21. As per the DRHP, Das had joined Zomato in 2011 and left the company in 2018, only to rejoin in 2020.

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Daminee Sawhney, head of HR

Daminee Sawhney, head of HR
Daminee Sawhney/LinkedIn

The head of human resources at Zomato, Sawhney earned ₹1.3 crore in FY21. A graduate of Amity University and London School of Economics, Sawhney too had joined Zomato in 2011 and then took a year to rejoin in 2012.

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Sandhya Sethia, company secretary and compliance officer

Sandhya Sethia, company secretary and compliance officer
Sandhya Sethia/LinkedIn

Sethia joined Zomato in 2019, and earns ₹55 lakh as her salary. “Prior to joining our Company, she has worked for over six years in different roles with JHS Svendgaard Laboratories Limited, Mideast Integrated Steels Limited and Affle India Private Limited,” reads the DRHP filing.

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Damini Bhalla, general counsel

Damini Bhalla, general counsel
Damini Bhalla/LinkedIn

Bhalla, a graduate from NALSAR, joined Zomato only on March 26, 2021 and for those five days, she earned ₹2.8 lakh.

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