Aadit Palicha holds just 1.07% of Zepto directly. The real lever is the Lazarus Trust — a family trust he settled on March 14, 2022 under Singapore law, with his father Kavit Palicha as trustee — which holds a further 9.03%. Add the promoter-group stake of Urvashi Kavit Palicha (0.57%) and the Palicha bloc controls roughly 11.24% on a fully diluted basis.
The structure mirrors on Kaivalya Vohra's side. Vohra holds 0.89% directly; The Vohra Trust — settled the same date, same Singapore-law framework, trustee Jaideep Vohra — holds 7.48%. His mother Seema Vohra contributes 0.52%, bringing the Vohra bloc to approximately 9.37%.
The trusts function as long-term dynastic vehicles, not short-term lock-up workarounds — each names the founder's immediate family and future children as primary beneficiaries. Neither founder holds a conventional university degree, yet each has accumulated 4.5+ years in quick commerce since the company's incorporation — more operational tenure than most executives running listed businesses of this scale.
