FirstCry CEO Supam Maheshwari's monthly remuneration drops 49% to Rs 8.6 crore in revised DRHP for ongoing IPO process.

FirstCry CEO Supam Maheshwari's monthly remuneration dropped by 49% to Rs 8.6 crore, as per the company's revised Draft Red Herring Prospectus (DRHP). FirstCry is planning to launch an IPO and has approached Securities and Exchange Board of India (SEBI) for the same. Maheshwari's remuneration for the first three quarters of FY24 plunged nearly 50% to Rs 8.6 crore, compared to Rs 16.7 crore in the same period of the previous year.

May 01, 2024
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