ESOPs Make These 35 Non-Founders Worth Rs 100 Crore! IPOs Are The Reason?

A whopping 35 non founder executives are now worth Rs. 100 crores, thanks to the recent rise in the IPO and investments in the new age companies. 

35 Non Founders Become Worth Over Rs. 100 Crores

A report by executive search and advisory firm Longhouse Consulting has confirmed that 35 non founders are worth more than Rs. 100 crores in recently listed and privately held companies. 

These 35 executives include employees who own considerable ESOPs in recently listed and privately held companies such as Nykaa, Zomato, PolicyBazaar, and Paytm and private companies such as Flipkart Group, Ola, and Byju’s.

Investments of around $36 billion were conducted into Indian startups this year. This has also resulted in an increase in the focus on employee stock options programmes for employees of such companies. 

The report by Longhouse states that crorepati employees will be increased to 100 by the end of 2022.

We recently reported that One97 Communications Ltd, which runs digital payments firm Paytm, has allotted shares to 166 former and current employees as per the company’s filings as informed by the ministry of corporate affairs.

JSW, Swiggy Offer ESOPs To Employees To Help Create More Wealth

JSW Group became one of the few Indian companies that offer stock options to blue-collar as well as white-collar workers. It will help several thousand employees to generate wealth, the company said.

Swiggy has also awarded equity shares to its employees and management stock ownership plan (MSOP) to its top executives under its employee stock ownership plan (ESOP).

Rs 132.5 crore worth of ESOP equity shares has been allotted to 180 of its employees as per the company’s regulatory filings.

The biggest beneficiary is its CFO Rahul Bothra who has been allotted MSOP worth Rs 31.2 crore. He is followed by Anuj Rathi (SVP, revenue and growth) who received Rs 20.4 crore worth MSOP. Coming in third is Phani Kishan Addepalli with MSOP amounting to Rs 8.3 crore.

The remaining Rs 72.6 crore has been allotted to 177 employees. Notably, all the above-stated ESOP shares have been allotted at an exercise price of Re 1 per share only.