This document provides a report on "Bugs Bounty – A Study". It begins with an introduction to bugs bounty programs, explaining that they are crowdsourcing initiatives that reward individuals for discovering and reporting software bugs. It then describes the process of launching and implementing a bugs bounty program from both a company and researcher perspective. The document examines the scope of bugs bounty programs in India, noting that some large Indian tech companies have programs but awareness and adoption remains low compared to other countries. It concludes that bugs bounty programs are relevant in India and could help improve cybersecurity if proper policies and frameworks were established.