TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Air India flights getting cancelled after Ahmedabad plane crash

    After Ahmedabad Crash, several Air India Flights Face Technical Issues

    AAP's appeasement politics to Khalistani elements

    ‘AAP Is Repeating Indira’s Dangerous Khalistani Appeasement Tactics in Punjab’

    way ahead of G7 summit

    When The Summit Became A Stage: The G7, Trump’s Exit, And Fractured World

    amarnath yatra 2025

    No-Fly Zone Declared Over Routes On Amarnath Yatra

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    real estate

    US Firms Hit All-Time High in Office Space Leasing Across India: Report

    PM Narendra Modia

    11 Years of Modi Govt: Making Welfare Seamless with Direct Benefit Transfers, DigiLocker, UMANG

    India Ranks 2nd Globally in Social Security Coverage for the Poor, Says ILO

    India Ranks 2nd Globally in Social Security Coverage for the Poor, Says ILO

    real estate

    India Retains Top Spot Among Global Investment Hubs for Land and Development Projects

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    congress leader likens operation sindoor to a computer game

    Congress’ Patole terms Operation Sindoor as ‘Video Game’, Sparks Controversy

    India-Russia Pact on the Su‑57 as a Leap of Strategic Trust

    From Buyer to Partner: What the Su‑57 Means for India’s Military Autonomy Inside Russia’s Su‑57 Gamble with India

    Dassault and Tata to Begin Rafale Fuselage Production in India

    Dassault and Tata to Begin Rafale Fuselage Production in India, Marking Major Milestone in Defence Manufacturing

    Mock Drills Under ‘Operation Shield’ Scheduled Today in Border States and UTs

    Mock Drills Under ‘Operation Shield’ Scheduled Today in Border States and UTs

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Pakistan-US Cooperation Against Iran Tests Notions of Islamic Solidarity

    Pakistan-US Cooperation Against Iran Tests Notions of Islamic Solidarity

    ‘No Mediation, No Trade Talk’: Modi Draws the Line in Call With Trump

    ‘No Mediation, No Trade Talk’: Modi Draws the Line in Call With Trump

    Why Trump Said No to Netanyahu Call for Khamenei’s Assassination

    Regime Change in Iran? Netanyahu’s Gamble Meets U.S. Resistance

    Pakistan Army Chief Heckled in U.S.

    Pakistan Army Chief Asif Munir Heckled in U.S. Amid Parade Controversy

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    jagannath rath yatra

    Everything You Need to Know About Jagannath Rath Yatra: History, Significance, Rituals, and Celebrations

    Bobby Mukkamala Becomes 1st Indian-American President of AMA

    Bobby Mukkamala Becomes First Indian-American President of the American Medical Association

    The Vedic Ethos: A Civilization of Knowledge and Inquiry

    From Rigvedic Wisdom to Modern Decay: How Islamisation Crushed a Knowledge Civilization

    Ram Mandir Pran Pratishtha 2.0

    Thousands Gather in Ayodhya for Ram Darbar Pran Pratishtha Ceremony

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Air India flights getting cancelled after Ahmedabad plane crash

    After Ahmedabad Crash, several Air India Flights Face Technical Issues

    India's quantum leap

    India’s Quantum Leap: DRDO and IIT Delhi Develop Ultra-Secure Communication

    Revolutionizing Indian Agriculture through Digital Intelligence and Data-Led Governance

    Revolutionizing Indian Agriculture through Digital Intelligence and Data-Led Governance

    Game Paisa Wala: Top Options That Work

    Game Paisa Wala: Top Options That Work

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Air India flights getting cancelled after Ahmedabad plane crash

    After Ahmedabad Crash, several Air India Flights Face Technical Issues

    AAP's appeasement politics to Khalistani elements

    ‘AAP Is Repeating Indira’s Dangerous Khalistani Appeasement Tactics in Punjab’

    way ahead of G7 summit

    When The Summit Became A Stage: The G7, Trump’s Exit, And Fractured World

    amarnath yatra 2025

    No-Fly Zone Declared Over Routes On Amarnath Yatra

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    real estate

    US Firms Hit All-Time High in Office Space Leasing Across India: Report

    PM Narendra Modia

    11 Years of Modi Govt: Making Welfare Seamless with Direct Benefit Transfers, DigiLocker, UMANG

    India Ranks 2nd Globally in Social Security Coverage for the Poor, Says ILO

    India Ranks 2nd Globally in Social Security Coverage for the Poor, Says ILO

    real estate

    India Retains Top Spot Among Global Investment Hubs for Land and Development Projects

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    congress leader likens operation sindoor to a computer game

    Congress’ Patole terms Operation Sindoor as ‘Video Game’, Sparks Controversy

    India-Russia Pact on the Su‑57 as a Leap of Strategic Trust

    From Buyer to Partner: What the Su‑57 Means for India’s Military Autonomy Inside Russia’s Su‑57 Gamble with India

    Dassault and Tata to Begin Rafale Fuselage Production in India

    Dassault and Tata to Begin Rafale Fuselage Production in India, Marking Major Milestone in Defence Manufacturing

    Mock Drills Under ‘Operation Shield’ Scheduled Today in Border States and UTs

    Mock Drills Under ‘Operation Shield’ Scheduled Today in Border States and UTs

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Pakistan-US Cooperation Against Iran Tests Notions of Islamic Solidarity

    Pakistan-US Cooperation Against Iran Tests Notions of Islamic Solidarity

    ‘No Mediation, No Trade Talk’: Modi Draws the Line in Call With Trump

    ‘No Mediation, No Trade Talk’: Modi Draws the Line in Call With Trump

    Why Trump Said No to Netanyahu Call for Khamenei’s Assassination

    Regime Change in Iran? Netanyahu’s Gamble Meets U.S. Resistance

    Pakistan Army Chief Heckled in U.S.

    Pakistan Army Chief Asif Munir Heckled in U.S. Amid Parade Controversy

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    jagannath rath yatra

    Everything You Need to Know About Jagannath Rath Yatra: History, Significance, Rituals, and Celebrations

    Bobby Mukkamala Becomes 1st Indian-American President of AMA

    Bobby Mukkamala Becomes First Indian-American President of the American Medical Association

    The Vedic Ethos: A Civilization of Knowledge and Inquiry

    From Rigvedic Wisdom to Modern Decay: How Islamisation Crushed a Knowledge Civilization

    Ram Mandir Pran Pratishtha 2.0

    Thousands Gather in Ayodhya for Ram Darbar Pran Pratishtha Ceremony

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Air India flights getting cancelled after Ahmedabad plane crash

    After Ahmedabad Crash, several Air India Flights Face Technical Issues

    India's quantum leap

    India’s Quantum Leap: DRDO and IIT Delhi Develop Ultra-Secure Communication

    Revolutionizing Indian Agriculture through Digital Intelligence and Data-Led Governance

    Revolutionizing Indian Agriculture through Digital Intelligence and Data-Led Governance

    Game Paisa Wala: Top Options That Work

    Game Paisa Wala: Top Options That Work

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

Dear CRED founder Kunal Shah, first create a real product like Zerodha and then compare salaries

TFI Desk by TFI Desk
31 May 2021
in Trending
CRED, Shah, Product, Zerodha,
Share on FacebookShare on X

In the modern start-up driven world, there are two types of businesses with the first being the one who actually does business by creating some real product that people use on a daily basis and the second is one who claims to do business by creating something for hobbyists that they call product.

In the pre-internet, media, and social media world, when the investors used to pump in a business only when its balance sheet looked strong and products were being used/accepted/admired by a large number of people but in the modern start-up driven culture, some investors fall for ideas that would definitely not get converted into product and the person who claims to be investors would burn the investor’s money for advertising of the company and publicity for himself/herself.

RelatedPosts

Domestic Startups Hit Mega Bonanza, Secure Over $150 Million in a Week

11 Apps/ Firms that fizzled out too quickly like Threads

BYJUs, Swiggy and Meesho have all diminished in valuation in one fell swoop

Load More

A very similar story is happening between Zerodha and Cred. Zerodha, a discount stockbroking company whose product (an app named Kite which helps the investors – especially retail – to invest in the stock market) is being used by more than crore people for daily trading has passed a resolution that promoters can get a salary up to ₹ 100 crore rupees.

This did not go well with Kunal Shah, founder of Cred, a fintech company that makes great advertisements, but its product is not even used by a lakh people on a daily basis. Shah took a potshot at Nithin Kamath, the founder of Zerodha, and tweeted, “My salary is ₹3L/annum. I should have started a discount stockbroking company to add more zeros to my salary,” and tagged Kamath’s handle.

My salary is ₹3L/annum.

I should have started a discount stock broking company to add more zeros to my salary.

Cc: @Nithin0dha

— Kunal Shah (@kunalb11) May 30, 2021

 

Kamath, who is very active on Twitter, took his handle to demolish the stupidity of Shah and tweeted a 7 tweets thread. “I’m surprised by the unwanted noise around this whole salary news of @nikhilkamathcio, Seema (my wife), & me. The headlines are misleading. We are a private company & no obligations to clarify, but we thought maybe we should, as there are folks who are misinterpreting this,” he tweeted.

I’m surprised by the unwanted noise around this whole salary news of @nikhilkamathcio, Seema (my wife), & me. The headlines are misleading. We are a private company & no obligations to clarify, but we thought maybe we should, as there are folks who are misinterpreting this. 1/7

— Nithin Kamath (@Nithin0dha) May 30, 2021

In the last tweet, Nithin also explained why the promoters do not take huge salaries because more than 50 per cent of it goes to the government in form of taxes. “Promoters don’t take out profits through salaries as it is tax-inefficient, you end up almost paying 50 per cent in taxes. We believe that building sustainable businesses and paying taxes is a great step in contributing to society and the nation,” he tweeted.

Although, the tweet by Nithin was not even needed because many users have already started throwing the numbers of Zerodha and Cred at Shah’s face and trolled him endlessly for his stupidity.

CRED

Zerodha

A user named Niveda tweeted the number of both companies and said, “You know @kunalb11 there’s a huge difference between Cred and Zerodha. Let’s look at numbers now shall we? It’s kind of obvious why you earn ₹3lpa plus 204583883772 cred coins as your bonus. Numbers speak volumes.”

You know @kunalb11 there's a huge difference between Cred and Zerodha.
Let's look at numbers now shall we?

It's kind of obvious why you earn ₹3lpa plus 204583883772 cred coins as your bonus.

Numbers speak volumes. 👇 pic.twitter.com/QYKoKG8YTo

— Niveda (@NivedaNahta) May 30, 2021

On one hand, Cred posted a loss of more than ₹360 crore rupees, on the other Zerodha posted a profit of more than ₹442 crore rupees.

In an old-world operating model, Shah would have been stripped of his job while Kamath would have been awarded an even higher salary. But in a venture capital-driven start-up environment, Shah can brag that he is taking only ₹3 lakh rupees per annum. Given his inefficiency, he would probably not even be hired as a manager in any company.

https://t.co/XH6CdoTDtb

— Garv Malik (@malikgarv) May 30, 2021

Many other users also trolled Kunal Shah using his prior tweets. We must recognize that for the businesses to stay afloat the promoters need to do hedging and Kamath is doing the same. Moreover, if he is taking a ₹100 crore salary, around ₹50 crore goes to the government as tax which will be later used for welfare while with a ₹3 lakh per annum salary, Shah is not even a taxpaying citizen of this country.

Tags: CREDKunal ShahNithin KamathStartupsZerodha
Share27TweetSend
Previous Post

Modi govt will hire corporate HR managers to make sarkari babus more accountable and disciplined

Next Post

The Indian Fintech sector is growing at such a fast pace that it can surpass conventional banks in a few years

Related Posts

Air India flights getting cancelled after Ahmedabad plane crash
Travel

After Ahmedabad Crash, several Air India Flights Face Technical Issues

18 June 2025

Air India is under intense scrutiny following a series of flight disruptions in the wake of the tragic June...

way ahead of G7 summit
Opinions

When The Summit Became A Stage: The G7, Trump’s Exit, And Fractured World

17 June 2025

In the crisp alpine air of Kananaskis, nestled amidst the brooding Rockies of Alberta, world leaders gathered to forge...

amarnath yatra 2025
Trending

No-Fly Zone Declared Over Routes On Amarnath Yatra

17 June 2025

In a sweeping security directive ahead of this year’s Shri Amarnathji Yatra, the Jammu and Kashmir Government has imposed...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

R.P. Singh Exposes AAP: Following Indira's Model of Separatist Appeasement?

R.P. Singh Exposes AAP: Following Indira's Model of Separatist Appeasement?

00:11:04

kamakhya Devi and the Power of Menstruation: Ambubachi Mela Explained.

00:04:47

From love to murder- how five plots took down raja raghuvanshi

00:04:38

Marriage gone murderous: expert explains the gruesome murder case.

00:13:01

An Israeli tells why Israel hit Iran | Middle East Crisis |

00:33:03
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap

©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited