logo
Rs 2.4 crore salary without IIT or IIM: Father lost everything in stocks, son says 'life has been wonderful'

Rs 2.4 crore salary without IIT or IIM: Father lost everything in stocks, son says 'life has been wonderful'

Time of Indiaa day ago
Early Life and Education
Career Path and Salary Growth
Focus on Experiences
In 2008, a middle-class family in Delhi faced a major setback when the father lost everything in the stock market. More than a decade later, his son — who never attended IIT or IIM — has built a successful career overseas, earning more than Rs 2.4 crore annually, and says his life has been 'wonderful.'He shared his journey in a Reddit post, describing his upbringing, education, career path, and the experiences that shaped his perspective.Born and raised in Delhi, he grew up in a middle-class home where his parents were relaxed and did not put pressure on him. The 2008 financial loss was the only significant difficulty in his early years.In school, he took part in dramatics, dancing, socialising with friends, and other activities. He opted for science in Class 12 to gain social validation but had no interest in engineering or medicine. Later, he completed both his bachelor's and master's degrees in economics from Delhi University.He began working in 2014 with a monthly take-home salary of Rs 35,000. In 2016, he changed jobs to be closer to his family and girlfriend, increasing his salary to Rs 60,000. Another switch in 2017 took his earnings to Rs 90,000 per month.Staying with the same company for the next five years, he was earning Rs 2 lakh per month in India by 2021. In 2022, he moved to the United States after being offered an overseas position. His annual pay was $202,000 that year, $231,000 in 2023, and $255,000 in 2024. For 2025, he expects to end the year at $275,000 — over Rs 2.4 crore.Throughout his career, he continued to enjoy life. He married his college sweetheart, is expecting his first child, and has travelled to 17 countries across four continents. His travels and activities have ranged from bullock cart rides to luxury flights, and from skydiving to whale watching.He said money is important up to a certain level, but beyond that, health, relationships, and experiences take priority. Time, he noted, cannot be regained, while money can be earned at any stage of life.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Bengaluru Metro: Good news for commuters, 4th Yellow Line train to start soon as...; check details inside
Bengaluru Metro: Good news for commuters, 4th Yellow Line train to start soon as...; check details inside

India.com

time17 minutes ago

  • India.com

Bengaluru Metro: Good news for commuters, 4th Yellow Line train to start soon as...; check details inside

(File) Bengaluru Metro: In some great news for commuters on the Bengaluru Metro, aka the Namma Metro network, a fourth train will start operations soon 0n the Namma Metro Yellow Line, as the first of six coaches for the trainset has arrived in the Karnataka capital from Kolkata, while the remaining five coaches are expected to arrive in the next couple of days. When will Bengaluru Metro Yellow Line get its fourth train? According to B L Yashavanth Chavan, Chief Public Relations Officer, Bangalore Metro Rail Corporation Limited (BMRCL), after their arrival, all six coaches will be coupled to form a train at the Hebbagodi depot. After static testing, the train will ply on the Bengaluru Metro Yellow Line, he said. The fourth train will undergo at least two weeks of testing on the mainline at night before entering passenger service by early September, according to another senior official. Who built the trainsets? The coaches for the new Yellow Line train were manufactured by Titagarh Rail Systems Limited (TRSL), under a sub-contract with China's state-owned CRRC Nanjing Puzhen Co Ltd, officials said. The BMRCL awarded TRSL a Rs 1,578-crore contract in December 2019 to deliver 36 trainsets, 15 for the Yellow Line and 21 for the Purple and Green lines, within 173 weeks. But the order was delayed as CRCC could not find an Indian partner for a long time, and later faced visa troubles for bringing in its engineers from China. A prototype train for the Yellow Line was delivered by CRRC in February 2024, while TSRL delivered two more trainsets this year. All three trains are currently operation in the 19.15-km long Yellow Line, which opened on August 11 with a 25-minute frequency.

Ethanol-blended petrol E20: Counting gains
Ethanol-blended petrol E20: Counting gains

Time of India

time32 minutes ago

  • Time of India

Ethanol-blended petrol E20: Counting gains

India's transition to E20, petrol blended with 20% ethanol, is aimed at cutting emissions, enhancing energy security, saving foreign exchange, and boosting farmer income, according to government assurances. These statements come in response to public concerns that E20 use reduces fuel efficiency, accelerates wear and tear, and could result in rejection of insurance claims for non-compliant vehicles. Independence Day 2025 Before Trump, British used tariffs to kill Indian textile Bank of Azad Hind: When Netaji gave India its own currency Swadeshi 2.0: India is no longer just a market, it's a maker Ethanol Blending Milestones (OMCs) 1.53% – 2014 10% – June 2022 12.06% – ESY* 2022–23 14.60% – ESY 2023–24 19.93% – ESY 2024–25^ 27% Ethanol Norms by Aug: Nitin Gadkari *ESY: 1 Nov–31 Oct | ^July 2025 Concerns Fears raised about drastic mileage reduction and faster wear of some rubber and gasket parts in older vehicles when using E20. Ministry of Petroleum and Natural Gas (MoPNG) admits a marginal decrease (1–2%) in mileage in E10 vehicles and those calibrated for E20, and 3–6% for others. However, MoPNG says this can be minimised through improved engine tuning and use of E20-compatible materials. Post-April 2023 vehicles are E20-compliant, MoPNG quotes SIAM. (Inexpensive) replacement of some rubber parts/gaskets advised in certain older vehicles after 20–30K km run, says ministry. Argument raised that ethanol-blended fuel should be sold cheaper because of its lower calorific value; however, MoPNG says current weighted average ethanol procurement price (Rs 71.32/L as of July) is now higher than petrol. Fears of insurance cover not valid, says ministry. Benefits From ESY 2014–15 to ESY 2024–25 (July): Crude oil substitution: 245 lakh metric tonnes Foreign exchange saved: Rs 1,44,087 crore CO2 emission reduction: 736 lakh metric tonnes (equivalent to planting 30 crore trees) GHG emissions: Sugarcane and maize-based ethanol emit up to 65% and 50% less GHG than petrol, respectively. Lower carbon emissions: ~30% vs E10 fuel. Farmer income: E20 programme expected to pay farmers Rs 40,000 crore in 2025 alone. Higher octane ethanol: E20's RON is 108.5 vs petrol's 84.4. Better Acceleration RON (Research Octane Number) 95 with blending of E20, resulting in better anti-knocking properties and performance. Economic impact: Large forex savings, rural income improvements, elimination of sugarcane arrears, support for maize cultivation. The Brazil Template Brazil has had E27 ethanol blend in place for years, with no significant issues reported. By 2011, 83.1% of new cars sold in Brazil used flex-fuel technology, enabling engines to run on any mix of ethanol or petrol. Toyota, Honda, and Hyundai produce vehicles designed for ethanol blends. Brazilian regulators recently approved an increase in ethanol and biodiesel blending into fossil fuels, effective 1 August. Brazil's CNPE (National Energy Policy Council) to increase ethanol–petrol blending rates to 30% (E30). Brazil is the largest producer and user of ethanol from sugarcane, and the biggest ethanol exporter in the world. However, Brazil's ethanol production programme Proálcool (launched in 1975 and ended in 1990) faced problems. Risks include: Cheaper oil prices Rise in ethanol procurement prices Diversion of sugarcane to making sugar for exports

CM transfers ‘Kisan Samman Nidhi'
CM transfers ‘Kisan Samman Nidhi'

Time of India

timean hour ago

  • Time of India

CM transfers ‘Kisan Samman Nidhi'

Bhopal: CM Mohan Yadav on Thursday transferred Rs 1,671 crore of 'Kisan Samman Nidhi' directly into the accounts of more than 82 lakh farmers in the state at a function organised in Mandla. He said Lord Shri Balram was the father of India's agricultural tradition. The CM said he was known as "haladhar", a man of immense strength, hard work, purity of heart and valour. His birth anniversary is celebrated as 'Hal-Shashti' for the welfare of children. He also dedicated and performed 'Bhoomi pujan' for 24 development works in the district worth Rs 226.12 crore on the occasion. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Happy Independence Day wishes , messages , and quotes !

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store