IPO-bound Lenskart's founders to draw ₹12 crore in annual salaries: Report

Founder and CEO Peyush Bansal will receive ₹6 crore annually, while co-founders Neha Bansal and Amit Chaudhary will each draw ₹3 crore, filings with the Registrar of Companies showed. The compensation, effective from April 2025, was approved by shareholders at the company's annual general meeting on July 26.

The development comes amid Lenskart’s efforts to transition to a more structured governance framework ahead of its planned initial public offering.

"In order to undertake the offer (IPO), the status of the company is required to be changed from a private company limited by shares to a public company limited by shares," Lenskart had said in a filing.

The three founders were also reappointed to leadership roles for a five-year term.

Peyush Bansal will continue as managing director and CEO, while Neha Bansal and Chaudhary will serve as whole-time directors. They are also eligible for bonuses, stock options and other perks, though variable pay details were not disclosed.

Lenskart has also launched a new employee stock option plan — ESOP 2025 — covering its holding entity and subsidiaries. It has earmarked 72.8 lakh stock options, or 0.43% of its fully diluted equity, with nearly 30% allocated to senior management at general manager level and above.

The company recently received shareholder approval to raise ₹2,150 crore via a fresh issue of shares. The total IPO size is expected to be about $1 billion, including secondary sales from existing investors.

Founded in 2008, Lenskart operates over 2,000 stores in India and is backed by investors including SoftBank, Temasek, ADIA, Alpha Wave Global, TPG, KKR and Kedaara Capital.