Esops allocated to Zomato CEO Deepinder Goyal amounted to Rs 387 crore for second half of FY22

Mumbai: Food delivery company incurred an expense of Rs 778 crore in salaries and other benefits like employee stock options (Esops) for the half-year ending March 31, 2022, according to a regulatory filing on BSE on June 7. Esops allocated to Zomato cofounder and chief executive officer (CEO) Deepinder Goyal cost the company Rs 387 crore in the same period, according to the filing on related party transactions made by the company.

In May, Goyal told employees that
he will donate Esops worth Rs 700 crore to the Zomato Future Foundation. The proceeds will be utilised for the welfare of delivery partners and their children.

Among the key managerial personnel, chief financial officer (CFO) Akshant Goyal’s salaries and other expenses amounted to Rs 50 lakh and his stock options were worth Rs 3 crore in the half-year ending FY22. Sandhya Sethia, the company secretary, salaries and other employee benefits, as well as Esop expenses, were Rs 30 lakh each.

Additionally, CEO Goyal, voluntarily waived off his salary for the year ended March 31, 2022, while company CFO Goyal, had forgone his salary for the months of January, February, and March this year.

The filing showed that Zomato’s independent board of directors Kaushik Dutta and Namita Gupta earned a sitting fee and remuneration of Rs 30 lakh each, and Aparna Popat, Gunjan Tilak, and Sutapa Banerjee were paid Rs 20 lakh each.

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