Welcome to News Discussion's Private Community

Indian-origin CEOs like Sundar Pichai and Satya Nadella lead major American companies with significant salaries in 2022. Jay Chaudhry, Shantanu Narayen, Arvind Krishna, Anirudh Devgan, Neal Mohan, Nikesh Arora, Sanjay Mehrotra, and Laxman Narasimhan are also prominent Indian-origin CEOs.

From Sundar Pichai to Neal Mohan: Salaries of top Indian-origin CEOs - Times of India

These Indian dudes are making 1B dollars a year together

Software Developer

These Indian dudes are making 1B dollars a year together- Grapevine

Welcome to Office Gossip's Private Community

What’s the best you’ve seen anyone bounce back in their career? 

My personal story is of a friend who got fired from Meta in the US and is now working as a founding engineer in an attractive startup making the same money but working on way cooler things. When he got laid off at meta he was so broken.

Best career bounce back stories?

Product Marketing Manager

It's time to say goodbye to dayjobs

Consultant

- The rise in market cap of companies like Zomato, Policybazaar, and MamaEarth has paved a promising path for Indian startups aiming to go public.
- Zomato co-founder Deepinder Goyal recently joined the billionaire club as his company's market cap crossed Rs 2,00,000 crore ($24 billion).
- Nykaa’s Falguni Nayar and her family hold over 50% of the company, with a collective worth of over $3.25 billion.
- Veteran entrepreneur Sanjeev Bikhchandani's shares via Info Edge are valued at $3.24 billion, making him a significant player.
- Despite challenges, founders like Paytm’s Vijay Shekhar Sharma and PolicyBazaar’s Alok Bansal continue to hold substantial stock values, highlighting the lucrative potential of Indian startups. 

 Source: Entrackr - tinyurl.com/2do9kuy3

Indian Startup Founders Reap Billion-Dollar Fortunes

Journalist

Non taxpayers can also comment how to avoid paying taxes

Any Crorepati taxpayers in the house?

Business analyst

As most of the people here  are working in corporates and most of them belong to the top 1% , i want to know the opinion of this segment of people about the modi government as problems faced by these people are totally different from the other population . Has the Modi government helped in growing businesses in any form ?

Welcome to Software Engineers's Private Community

Disclaimer this is not a rant or this has nothing to put in bad way someones hard work.

With so many ppl making tutorials and selling courses online, I had my few observations. I welcome ppl to join on this discussion with their point of views as well.

The most important things is you need a solid company name on your resume, doesn’t matter what work you might have done there. Everyone knows the meatiest work in google is done at west coast office(just an example).

This gives you the starting point, I would not disagree to the fact that these guys put on the hard work to crack the interviews, but that doesn’t mean you start selling a dream to everyone. It will be like what harshad mehta did to his clients during the days.

If a person is working in some unknown company and even though the person teaches really well, I bet there will be hardly any takers for his/her course. 

Teaching is an art as per me, not everyone can be a great teacher. There are some good ones out there but majority of them don’t fall under above category. I would say they are social media influencers with a bit of tech knowledge. 

We have already lost a generation with rot learning and now with the rise of these ppl, the day is not far way when a person aceing the interview knows jack shit when given an actual problem to solve at workplace.

Rise of bhaya didis selling courses

Computer operator

The malhan family bought a 25Cr house. Just wondering how much money does Sourav Joshi guy has. Most of them have already made 50+ crores.

25 Cr house bought by a youtuber

Founder

Welcome to Personal Finance's Private Community

Me and my wife are 30 years old software engineer with no kids. Draw 7 lac a month please some yearly bonus. We invest 2 lac a month combined into equity market through mutual funds. 

Expenses: 1.5 lac a month including everything, lives in Bangalore in good society, owns a car, don't thing much before spending. 

Still after everything left with 3 lakhs every month in bank account. Not sure how to use that. We both don't have any fancy "shauk" where we can spend and hence don't have an urge to earn more. 

Any suggestions???

Post tax 7 lac a month. Double income no kids, but not sure what do with all the money.

It do be like that here 🫠

Software Engineer

https://www.youtube.com/watch?v=d_6DFYmEM5w

This guy came from Japan to India, got broke here and he's found himself making money via content creation. He's found himself an Indian girlfriend. They are staying together in Mumbai. What are we seriously doing?

A lot of people think it takes money, physique etc etc to find someone to date, here's an testament to prove it wrong. All its needed is to get into another country, be broke and do content creation. That's it! Easy peasy!

Broke Japanese guy travelling in India got an indian girlfriend. What are we doing?

Navi Technology founded by Sachin Bansal is doing mass layoffs which started on Tuesday (11 July)

Mass Layoffs at Navi Technology

The FAANG and unicorn employee salaries for even 2-7 YOE engineers is quite insane compared to the average Indian employee pay in other sectors of the economy.

The average SDE2 at these companies makes 50+ lakhs per year in compensation (not “CTC” but real money) The average SDE3 makes 80+ lakhs which is frankly insane.

What are you guys doing with all that money?

FAANG & unicorn folks, what do you do with all that money?

Analyst

Welcome to Indian Startups's Private Community

I'm thrilled to share our latest developments in our startup:
 We launched our prototype and it's gaining momentum! Our previous product, currently in stealth mode, has remarkable insights. 
However, the GPU usage costs have skyrocketed.

 Our new goal? To build an AI platform that serves as a cost-effective hub for training AI models. No one's tackling this issue, so we are the first ones to solve this issue. We already have some ties with the microchip manufacturer.

 Here's the thing: While we've been self-funded until now, we're now exploring seed funding. But there's a catch – we're cautious about accelerators and VCs. I have seen them undervalue my mate's company and prioritize quick revenue over steady growth.

So how should we go about it ?

I'll drop an example post for much clearer problem statement.

Exploring Seed Funding Options for Our AI Innovation

Burn

Welcome to Data Scientists's Private Community

Who’s paying such crazy salaries in India esp in AI

Welcome to Moving Abroad's Private Community

Question came up because it’s Independence Day 🇮🇳
A lot of us have had the privilege to be able to go abroad, but ended up choosing not to.

For me, it was just believing there’s enough growth here in the coming few decades + friends/family

Looking to hear if the reduced brain drain is actually true, and what makes people stay.

To people who choose to stay in India, what made you stay? 🪷

Corporate Strategist

"Worked very "hard" to clear interview" lol wtf

OnlyFans | I am so fucking pumped and motivated after seeing the benefits :)

Human resources

I have many friends who are into IT and Tech(read again Tech not IT). Whenever I am speaking to the IT folks and understand their aspirations I always find that they have this strange thing mentioned every now and then i.e. Going to the Clients location(all overseas) for a couple of months and coming back or extending for a longer duration say a few years and purchasing a house/flat back in India. 

I don't understand how going to the client's location(even if it's on Mars) and earning $$$ can be life's ultimate goal. 

What am I missing here? 

I am not able to understand since I have always believed that life's ultimate goal would be always bigger for people(achievable/non achievable are different things). 
Does working in IT make people so myopic that they are destined to think in  the straight line process and wait for that token(at least what I have heard is that it's some weird selection they do to select and send you abroad on the projects). May be this thought process makes most of the crowd stick to the systems for years and decades at work. Is it considered that bigger of an achievement OR Is it a way to make people stick around for longer duration ?

What am I missing here ?

How can life goals be so small ?

Why do IT folks consider going at Clients location(foreign location) at their ultimate goal in their life?

Milestone crossed 1M USD combined networth (~9.15Crore Household Net-Worth)
46 M (Software Engineer/Founder) + 37F Wife (Lawyer) + 1 Kid (3 Year Old) based out of Delhi.

So last week me and my wife finally reached this milestone, >1M USD networth. Here is our portfolio. I hope people here can recommend what I should do next.

This chart was made by our Wealth Manager.

Rough Net Worth Breakdown:

1. Provident Fund and National Pension Scheme (EPF + NPS): 1.1 Cr

EPF: 75L
NPS: 35L

2. Savings Account and Fixed Deposits: 20 L

Savings Account: 12L
Fixed Deposits: 8L

3. Mutual Funds (MFs): 3.8 Cr (Breakup Below)

Index Funds: 25%
Mid Cap: 15%
Contra: 10%
Small Cap: 20%
Flexi Cap: 30%

4. Fixed Income: 1.3Cr

FDs: 50L (Spread in segments of 5L across 10 banks)
NCD/Bonds: 80L 

5. SGB (Gold): 80L

6. Crypto: 46L

Bitcoin: 35L
Solana: 6L
XRP: 3L
other cryptos: <1L

International Investments: 1.49Cr
QQQ: 30L
NVDA: 32L
AAPL: 28L
AMZN: 33L
GOOGL: 26L 


We may get a good inheritance in the future, ~8Cr from my parents + ~15Cr from my wife's parents, but we are not planning on that. 

Our primary goals are education for our kid(+planning another 1), their marriage, 2x vacations a year(1 domestic+1 abroad), a decent lifestyle, and a good car(we have a SKODA Slavia right now, planning an SUV as we are extending our family).

Please share your financial journey and any advice, we look forward to reading your comments.

Reached 1M USD networth in India 🇮🇳

The last I saw, to be in top 1% individual in terms of wealth, you needed to have assets worth $77k. This is from news article of 2020. Sharing link here - 
https://timesofindia.indiatimes.com/business/india-business/this-is-what-it-takes-to-be-in-the-1-around-the-world/articleshow/74057315.cms

Now, based on new data, you need to have assets of around $175k. Approx 150% rise in 3 yrs! Link for the same -
https://www.moneycontrol.com/news/business/real-estate/indias-ultra-wealthy-population-to-surge-58-4-in-next-five-years-knight-frank-10605531.html


Is anyone here in top 1%?

These Indian dudes are making 1B dollars a year together

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