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Cashify converts to public company, appoints independent directors ahead of IPO
Indian recommerce platform Cashify converted into a public company, appointed independent directors and IPO bankers, and approved a Dubai subsidiary. FY25 revenue rose to Rs 1,096 crore while losses narrowed 80% to Rs 10.5 crore.
Reported figures
From the report. Source details below
| FY24 operational revenue: | Rs 935.07 crore |
|---|---|
| FY24 loss: | Rs 53 crore |
| Independent director term: | five years |
| Independent director remuneration: | up to Rs 35 lakh each |
| Mandeep Mancoha salary: | Rs 4.02 crore |
| Nakul Kumar salary: | Rs 4 crore |
| Amit Sethi salary: | Rs 4 crore |
The source
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