Ahead of its IPO, Pine Labs CEO earns ₹9.5 crore in FY25—comprising ₹5.8 crore fixed pay, ₹3.76 crore performance bonus, and stock-based incentives—per disclosures in the company’s Draft Red Herring Prospectus with SEBI
Breakdown of Remuneration
- Salary & Benefits: ₹5.8 crore, including ₹3.8 crore base salary, ₹1.9 crore performance-linked incentives, and ₹0.97 crore employer retirement contributions
- Bonus from Group Entities: ₹3.76 crore awarded by Pine Labs Singapore and its holding entity for FY24 success
- Equity Awards: Allocated around 2.3 crore stock options in FY25 ahead of IPO
Context & Significance
- This total pay positions CEO Amrish Rau among India’s top-compensated fintech leaders, reflecting Pine Labs’ shift from losses to profitability and IPO readiness.
- His equity stake, including vested ESOPs, could translate into a potential ₹800–1,000 crore windfall post-listing if Pine Labs is valued at $4–5 billion
Broader Leadership Compensation
Other senior leaders also received notable packages:
- CBO Kush Mehra earned ₹3 crore in FY25 financialexpress
- CFO Marc Kay Mathenz received ₹3.69 crore from Singapore-based operations
- Several other executives were compensated between ₹1.5–2.7 crore
Why It Matters
- Investor Perspective: Transparent executive pay is key to building confidence ahead of the ₹2,600 crore IPO subscription.
- Corporate Governance: High pay and equity align CEO incentives with long-term growth, signal accountability, and reflect strong performance.
- Market Insight: Pine Labs’ profitability and elevated leadership compensation underscore its robustness in a maturing fintech landscape.
Conclusion
With CEO Amrish Rau earning ₹9.5 crore in FY25—including salary, bonus, and ESOPs—Pine Labs showcases an executive compensation aligned with its strategic growth and IPO trajectory. This level of disclosure and reward highlights confidence in the company’s future and gains investor trust ahead of its public debut
