Deepinder Goyal’s stake in Zomato is now valued at over INR 10,000 Cr

According to Zomato’s filing for its qualified institutional placement of INR 8,500 Cr, the founder holds a 4.18% stake or 369.47 million shares in the company.

However, the founder lost his basic salary of INR 3.5 Cr per annum until March 31, 2026, effective April 2021.

Goyal already entered the coveted billionaires club in July when the foodtech major’s shares hit the INR 230 mark

Zomato founder and CEO Deepinder Goyal has seen his net worth rise significantly, now exceeding INR 10,108.74 Cr ($1.19 billion), thanks to a sharp rise in the company’s share price.

According to Zomato’s filing for its Qualified institutional investment of INR 8,500 Crthe founder holds a 4.18% stake or 369.47 million shares in the company. At the last market closing price, this stands at INR 10,108.74 Cr.

However, the founder lost his basic salary of INR 3.5 Cr per annum until March 31, 2026, effective April 2021.

In addition to his base salary, Goyal is entitled to variable remuneration, which is at the discretion of the company’s board of directors, as well as statutory benefits.

It is pertinent to note that Goyal already entered the coveted billionaires club in July when the food tech major’s shares touched the INR 230 mark.

This coincides with Zomato’s QIP which opened yesterday (November 25) and the company set a floor price of INR 265.91 per share for this. Zomato said it could offer a discount of up to 5% off the floor price.

The stock has seen a significant uptrend since the start of this year thanks to its improving fundamentals and profitable quarters.

On a cumulative basis, its shares have given a return of 123.78% to its investors.

Earlier this week, BSE announced the inclusion of Zomato shares in Sensex with effect from December 23 replacing JSW Steel. Following this, shares rose 7.62%.

Last week, the projected global brokerage firm Morgan Stanley that Zomato stock has the potential to double in value within five years, or even in less than three years in a bullish scenario. It increased its price target to INR 355 per share from INR 278 for the company earlier.

In a June 25 research note, another brokerage firm noted that while the food tech giant faces near-term challenges such as fierce competition and high expansion expenses, its “balance sheet deep” and its ability to withstand competitive pressures are key assets.

Zomato shares ended Tuesday’s trading session up 2.5% at INR 280.55 on the BSE.