Can anyone comment on why the founder’s elder son (Mr. Ashok Gorkey Parthiban) who has been managing the Latin American operations (which is 85% on the company’s revenue) since long, is not getting any salary?? Or at least they have not mentioned this anywhere on their present or past annual reports. He is a shareholder, almost 12% – about equal with Mr. Vivek Parthiban (younger son).
Also, Vivek Parthiban withdraws a salary of Rs. 12-18 lacs a year, since past 5-6 years now, which seems to be very less; considering that his father and elder brother do not withdraw any salary.
Having been involved in a family managed business, I find this a little absurd, and more charity like mindset.
Are they really so grounded that they hardly need money to run their families, or are we missing something here.
Disclosure: Invested
| Subscribe To Our Free Newsletter |
