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Digital tech company offers ESOPs to its junior executives

The scheme also allows option holders to apply for cash settlement of their vested options within the employment period or at the time of separation.

, ET Bureau|
Aug 06, 2019, 04.24 PM IST
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As per projections, the company plans to go public once it hits the annual revenue run-rate of $100 million in 2022.
KOLKATA: Digital technology company TO THE NEW has announced an employee stock option scheme under which it will offer ESOPs to more than 1,000 of its junior and senior executives, who have completed over one year with the company.

The company said the scheme aims to promote the culture of inclusion and ownership and incentivise employees for their contribution to the growth of the company.

“Our people are our most important stakeholders,” said Deepak Mittal, co-founder and CEO at TO THE NEW. “We are always trying to improve and upgrade the facilities and benefits that we offer and hence, enhance our benefits programme on a continuous basis. This new plan will help us share the wealth with everyone.”

The scheme also allows option holders to apply for cash settlement of their vested options within the employment period or at the time of separation. As per projections, the company plans to go public once it hits the annual revenue run-rate of $100 million in 2022.

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