Housing CEO Gives Away All His Personal Shares To Employees

Housing CEO Gives all his shares to employees

Housing.com CEO Rahul Yadav has decided to give out all of his personal shares to the employees of Housing.com. The CEO who was lately in the news for his alleged fight with the investors which also forced him to resign the company. However, he later apologized and took back the resignation.

Now, in a latest revelation, the CEO has decided that all of his personal shares worth Rs. 150 crore to Rs. 200 crore would be distributed among 2251 employees of Housing.com. When asked about this decision, Rahul said that it was way too early for him to get really serious about earning more money.

The 26-year old CEO started Housing.com with an aim of solving the hurdle of house hunting and is now one of the most successful website in India’s ever growing e-commerce space, with an approximate valuation of Rs.1500 crore.

While talking to media organizations, Housing CEO Rahul Yadav said “Housing was started because of 2 reasons. First, house hunting problem is unsolved globally. Just the problem statement gives me a lot of kick. Second, 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 two, there is no other factor at play here, including money. I’m just 26 and it’s too early in life to get serious about money etc,” he added.