StartupsInc42about 2 hours ago
Tonbo Imaging Cofounders Earn ₹137 Cr From IPO
3 min read
Tonbo Imaging cofounders collectively pocketed ₹137.2 Cr from the company's ₹852 Cr IPO which closed on October 19. CEO Arvind Lakshmikumar received ₹80.5 Cr while the Singapore entity earned ₹291 Cr. The defence tech firm reported a 22.7% revenue decline to ₹362.6 Cr in FY26.
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