₹1,500 salary per month and some perks – this is what Samir Arora’s first full-time job paid him | Company Business News

Samir Arora, founder of Helios Capital Management, might be earning crores at present, but 40 years ago, he started his professional journey with a decent pay of ₹1,500 a month.

In a recent social media post, the founder and fund manager of portfolio management service (PMS) firm Helios, shared his first job’s appointment letter. He also provided a glimpse of his salary structure which included ₹450 House Rent Allowance and ₹300 conveyance allowance.

How much did Samir Arora earn during 1980s?

“My first full time job with starting salary of Rs. 1500 per month, 450 HRA and not to forget Rs. 300 conveyance allowance,” read a post by Arora on X.

Samir Arora’s appointment letter, dated February 9, 1985, was issued by Modi Xerox, an Indian subsidiary of Xerox Corporation, now renamed Xerox India.

As per the document, Arora was offered a basic salary of ₹1,500 for the post of management trainee finance. 

Arora was also offered an additional 30 per cent HRA and ₹300 special allowance for his job in Delhi. His four-digit salary amount is a testimony that he has come a long way in his professional career. According to reports, as Helios Capital founder, Samir Arora oversees approximately $800 million in assets. 

‘I enjoyed it a lot’: Arora on his first job after IIM

A few days ago, Arora mentioned his first job in the industry while sharing his two cents on the ‘90-hour workweek’ debate. In his social media post, Arora admitted that one has to work harder during the early phase of their career.   

“In my first job after IIM, I worked in Delhi where my hours were routinely from 9 AM to around 10 PM and about an hour each way for travel. I enjoyed it a lot but still sought a job with more sane hours,” Arora recalled.

An IIT Delhi graduate who later won gold medal in MBA from IIM, Calcutta, Samir Arora founded Helios group in 2005. The company’s foundation was set up with the contribution of other key persons like  Dave Williams, former Chairman and Chief Executive Officer of Alliance Capital Management, and Karan Trehan, who served as President & CEO of Alliance Capital International from 1990 to 2000.