Meesho plans annual ESOP program

20 November 2021, Mumbai:

Unlike traditional ESOP plans, the MeeSOP programme is completely inclusive, providing every employee, irrespective of their seniority. from Meesho's rapid growth while ensuring 100 percent of the gr vested by the end of one year, the statement said.

Digital commerce platform Meesho on Friday said it has introduced an annual 'MeeSOP' programme, wherein every full-time employee will be able to convert up to 25 percent of their annual CTC into ESOPs (Employee Stock Ownership Plan).

Under the programme, every full-time employee - irrespective of their tenure in the company or their seniority will be able to convert a maximum of 25 r cent of their annual CTC into ESOPS - subject to a minimum of Rs 50,000, a statement said.

Our repeated and periodic buybacks ensure our employees continue to grow with us. The MeeSOP program takes this commitment further, breaking hierarchies to make every employee an owner, and providing more avenues for wealth creation," Meesho founder and CEO Vidit Aatrey said.

As the company hires more talent, it will continue to provide its team with the means to realise their personal and financial goals, he said. ET

(The news article has not been edited by DFU Publications staff)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.  

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage