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Reliance Group announces 1st ESOPs for RInfra, RPower employees

Economic Times

Economic Times · 2d ago

Reliance Group announces 1st ESOPs for RInfra, RPower employees

Reliance Group announced its inaugural Employee Stock Options (ESOPs) for employees of Reliance Infrastructure and Reliance Power. This initiative reflects the group’s commitment to valuing employees as key assets. Covering 2,500 employees, the ESOPs allow most to exercise options at Rs 10 per share, rewarding their loyalty and contribution. The companies have over 50 lakh shareholders and the group maintains significant assets worth Rs 1,07,123 crore with a net worth of Rs 40,856 crore.

Related News

Urban Company announces ESOP secondary sale worth Rs 203 Cr for 446 employees

Entrackr

Entrackr · 1y ago

Urban Company announces ESOP secondary sale worth Rs 203 Cr for 446 employees

Home service marketplace Urban Company has announced its largest employee stock secondary sale worth Rs 203 crore (nearly $25 million). This is the fifth ESOPs buyback wherein 446 employees have participated, according to the company’s press statement. As per Urban Company, beneficiary employees are between 23 and 56 years old, with 28% of beneficiaries being women. This sale will give the company’s employees an opportunity to liquidate their vested stocks. Dharana Capital (an offshoot of existing investor Vy Capital), along with existing investors Vy Capital and Prosus will be purchasing these shares from former and current staff. To date, Urban Company has granted ESOPs to 1,593 employees and around 784 of them participated in five buybacks, liquidating ESOPs worth Rs 306 crore ($37 million). The Abhiraj Bhal Singh-led company did its last ESOP liquidity program in December 2021 at a valuation of $2.8 billion. The company did not disclose the valuation of the latest buyback. However, Entrackr’s sources outline that the fresh buyback is happening at a valuation of around $2.2 billion to $2.5 billion. Just ahead of the fourth buyback, Urban Company achieved unicorn status in June 2021. It hasn’t raised any external capital since then. According to the startup data intelligence platform TheKredible, Urban Company posted a revenue of Rs 637 crore in FY23 and managed to reduce its losses by 40.1% during the fiscal year. The buyback of ESOPs came a month after it turned profitable at PBT (profit before tax) level. On a consolidated basis in April, the company posted PBT of Rs 7 crore. Entrackr had exclusively reported the development earlier this month. The company also expects its operations in UAE to become profitable in the coming months. As per sources, Urban Company is preparing for a public listing which is likely to happen in the second half of next year (2025).

Design tech startup Flipspaces announces employee stock option plan

YourStory

YourStory · 1y ago

Design tech startup Flipspaces announces employee stock option plan

Flipspaces, an interior design tech startup, has introduced an employee stock ownership plan (ESOP) as it continues to expand. The company will allocate 5% of its equity to permanent employees who have been with the company for at least 1.5 years and have made significant contributions. The ESOPs have a four-year vesting period and a one-year cliff, with leadership and critical roles prioritized. Flipspaces intends to increase the ESOP pool as it achieves business objectives and expands internationally. The move aligns with the company's commitment to investing in its employees and acknowledging their role in its success.

When Is The Right Time To Create ESOPs?

Inc42 · 1y ago

When Is The Right Time To Create ESOPs?

ESOPs, or Employee Stock Ownership Plans, outline the conditions for employees to acquire company shares. Their timing is crucial for both founders and investors. By implementing ESOPs effectively, startups can boost their capacity to attract and retain talented employees, ultimately contributing to the company's success.

RPower Signs Power Purchase Pact in Bhutan With Green Digital

OutlookIndia

OutlookIndia · 6m ago

RPower Signs Power Purchase Pact in Bhutan With Green Digital

Reliance Power has signed a power purchase agreement with Green Digital Pvt Ltd, owned by Bhutan’s Druk Holding and Investments, to jointly develop Bhutan's largest solar power project with a capacity of 500 MW. This venture, with an estimated investment of 2,000 crore rupees, marks the biggest private foreign direct investment in Bhutan’s solar sector. The initiative aims to diversify Bhutan's energy portfolio, enhance grid stability, and boost regional clean energy integration across South Asia.

Startup ESOP cashouts hit $1.5 billion over 3 years

Money Control

Money Control · 2y ago

Startup ESOP cashouts hit $1.5 billion over 3 years

D2C startup Bombay Shaving Company displays a board declaring its current share price at Rs 30,000 per share, aiming for Rs 1.5 lakh per share by 2025. ESOPs have gained traction among startup employees due to successful IPOs like Zomato and Paytm, leading to $1.46 billion of wealth for startup employees since early 2021, according to Qapita data. ESOPs turn into real bank balance for thousands of startup employees despite a taxation regime that is seen as adverse to availing of share-based compensation.

Stashfin grants ESOPs of up to Rs 5 L to employees

YourStory

YourStory · 10m ago

Stashfin grants ESOPs of up to Rs 5 L to employees

Stashfin, a financial services platform, has granted ESOPs to its employees from a Rs 600 crore pool. Employees with five years of service receive Rs 5 lakh worth of ESOPs, while those with three years receive Rs 3 lakh. This initiative aims to reward and retain talent. ESOPs can unlock through events like IPOs or acquisitions. Founded in 2016, Stashfin has raised over Rs 6000 crore from investors like Tencent. The move aligns with a trend among Indian startups.

India Inc doles out benefits to retain mid management

Livemint

Livemint · 1y ago

India Inc doles out benefits to retain mid management

Companies are increasingly using long-term incentives, floating stock units, and global postings as a way to retain and attract middle and junior management employees. Employee stock ownership plans (ESOPs), traditionally reserved for senior management, are now being offered to junior to mid-level employees in industries such as IT, e-commerce, and product sectors. The incentive programs are also making their way to other industries, and group incentives and flexible work arrangements may become more common in the future. Despite a muted job market, holding on to top talent remains a challenge for companies.

Zomato appoints its 1st Chief Fitness Officer

Inshorts · 2y ago

Zomato appoints its 1st Chief Fitness Officer

Zomato has named Anmol Gupta as its inaugural Chief Fitness Officer, responsible for guiding employees on their personal wellness and healthy lifestyle journey. Gupta, the Co-founder of fitness platform Endure, joins Zomato to encourage a positive approach towards fitness during work hours. Zomato CEO Deepinder Goyal emphasized the importance of supporting employees' fitness without any stigma or hesitation.

Flipkart announces new ESOP liquidity worth $50 Mn

Entrackr

Entrackr · 4m ago

Flipkart announces new ESOP liquidity worth $50 Mn

Flipkart announces new ESOP liquidity worth $50 Mn This announcement follows Flipkart’s record $700 million payout to employees in 2023, one of the largest ESOP buyback events in Indian startup history. Flipkart has announced a fresh ESOP (Employee Stock Option Plan) liquidity opportunity for its employees, according to an internal note from the company’s chief executive officer Kalyan Krishnamurthy. As per the note, eligible employees will be allowed to liquidate up to 5% of their vested ESOPs as of July 5, 2025, at a buyback price of $174.32 per option. Payouts will be made in August 2025 under the Flipkart Stock Option Plan 2012. An ET report estimates the size of the ESOP buyback at $50 million, with 7,000 to 7,500 employees expected to benefit from the liquidity program. Flipkart is currently valued at around $36 billion. Krishnamurthy also added that if key performance goals are met by the end of 2025, another 5% liquidity window could open in early 2026. A Flipkart spokesperson confirmed the development to Entrackr. This announcement follows Flipkart’s record $700 million payout to employees in 2023, one of the largest ESOP buyback events in Indian startup history. Media reports indicate the firm plans to launch its IPO with a valuation of $60-$70 billion. The company’s board has already approved the process to shift its holding structure from Singapore to India. In 2025, a clutch of startups including Darwinbox, Rapido, Univest, Deserve, and Even Healthcare have implemented ESOP buyback, liquidity, and payout programs worth around $67 million. In 2024, more than 20 startups implemented $200 million. According to startup data intelligence platform TheKredible, the ESOP buyback or liquidity amount stood at $802 million in 2023, $440 million in 2021, and $200 million in 2022.

'Just salary is not going to create wealth': Ex-Zomato top executive says his ESOPs jumped 12-14x

Business Today

Business Today · 1y ago

'Just salary is not going to create wealth': Ex-Zomato top executive says his ESOPs jumped 12-14x

Former Chief Business Officer of Zomato, Mukund Kulashekaran, revealed that the ESOPs (Employee Stock Option Plan) he received from the company have appreciated by 12-14 times. He continues to hold 70% of his Zomato shares. Kulashekaran initially had limited knowledge about ESOPs, but he renegotiated his compensation package to include more equity. He emphasized the importance of taking a long-term view with ESOPs and advised employees to hold onto their shares for longer periods. Kulashekaran also shared insights about his current role at Urban Company.

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