By Admin 
India’s big food delivery company Zomato (now Eternal) is once again in the news. This time the reason is the decision related to the salary of the company’s founder and CEO Deepinder Goyal. Deepinder Goyal has made it clear that he will not take any fixed salary from the company for the next two years. He has taken this decision at a time when the company’s stock has gone up rapidly and Eternal’s hold in the market has become stronger.
According to company documents, Deepinder Goyal has refused to take his annual salary till the end of financial year 2026. Earlier too, he had not taken salary for three years, which was from the financial year 2021 to 2024. Now he has taken this decision forward and extended it till March 2026. Deepinder Goyal had given this information in a letter written to the company’s board on April 1, 2024. He said that he will continue to fulfill the responsibilities of Managing Director and CEO without any fixed salary.
Will you not get any income at all?
Although Deepinder Goyal will not get a fixed salary, but he will be entitled to the amount (variable pay) based on performance. The company’s board will decide on this later. That means if the company performs well, they can get bonuses or other benefits.
How much stake does Goyal have in the company?
Deepinder Goyal holds 4.18 percent stake in Eternal (Zomato). According to the data of November 2025, the value of this stake has been estimated at more than Rs 10 thousand crores. There has been a tremendous rise in the shares of the company in the last one year. Zomato’s shares have increased by more than 140 percent in the year 2025. At the end of November, the share price had reached around Rs 277. Goyal’s stake has directly benefited from this boom.
Eternal’s strong hold in the market
At present the total market value of Eternal is around Rs 2.45 lakh crore. It has gone far ahead of its big rival Swiggy. Swiggy has recently entered the stock market, but its market value is still much less than Eternal. Eternal has now joined the select new technology companies which have got a place in the Sensex. This is considered a big achievement in itself.
Shares rise after QIP
The company has recently received approval to raise Rs 8,500 crore. This is called Qualified Institutional Placement i.e. QIP. As soon as this news came out, a rise of about 6 percent was seen in the company’s shares. The company has fixed the minimum price of shares for QIP at around Rs 266. If necessary, some relaxation can also be given in this.
Where will the money raised be spent?
Eternal has made it clear that the money raised from QIP will be used for the expansion and strengthening of the company. The biggest part of this will be spent on opening warehouses and dark stores, so that fast delivery can be further strengthened.
Apart from this, a huge amount will be spent on advertising, branding and marketing. The company will also focus on improving the technology further, so that the app and delivery system can be stronger than before. The remaining amount will be used for daily expenses and other needs.
Big focus on quick commerce
The company is paying special attention to Eternal’s quick commerce service Blinkit. Blinkit is already in a strong position in this sector. Now the company wants to overtake companies like Swiggy and Zepto. After QIP, the company will have cash of about Rs 19 thousand crore. Due to this, the competition is expected to intensify in the coming time.
How much salary will the new CEO get?
The company has not yet given any clear information regarding the salary of new CEO Albinder Dhindsa. However, market experts believe that the new CEO may get fixed salary, bonus and share options. This package will be decided according to the performance and responsibility of the company.
Also read- Where did Zomato’s new CEO Albinder Dhindsa study? Know
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