Rahul Yadav, the CEO of Housing.com has allotted all of his personal shares worth ~150Cr-200Cr (Rahul Yadav owns 4.5% stake in the company) to all the 2251 employees of Housing.com.
Housing.com employees will get approximately ~1 year of their annual salaries worth of Housing stocks.
He made this announcement today at the company townhall that was attended by all employees of Housing.com.
Rahul, But Why?
Candidly speaking, Rahul shares the concept :
Housing was started because of 2 reasons:
- House hunting problem is unsolved globally. Just the problem statement gives me a lot of kick
- In each and every country there are 4-5 players doing the same poor job and still not able to solve the problem. Across the globe there are 500+ players. We want to unify all and create a global giant for real estate so that the one company can afford much higher level of R&D and Technological innovation to push the category forward.
Other than these 2, there is no other factor at play here, including money! [Rahul Yadav]
“I’m just 26 and it’s too early in life to get serious about money etc.”
This just shuts the mouth of several critics who have called him an arrogant kid (read : Before you pass any judgement on Housing’s Rahul).