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‘What!! Definitely not true’: Nithin Kamath Denies Gifting Luxury Cars To Top Performers At Zerodha

  • Zerodha co-founder Nithin Kamath denies gifting luxury cars to top performers at Zerodha.
  • A viral LinkedIn post claimed that Kamath gifted over 20 luxury cars to his top employees as a non-cash perk.
  • However, Kamath responded and denied the rumors, stating that it is definitely not true.
  • The alleged car gifting was seen as a strategic compensation and a way to attract lower taxes than salary.

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