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ESOP Direct | Designing and administration of equity compensation plans

DESIGNING AND ADMINISTRATION
OF EQUITY COMPENSATION PLANS GLOBALLY!

Every organization is unique in its nature, ideology, future plans and financial goals. We partner with you to conceptualize, customize and implement equity compensation schemes to make them successful.
KNOW HOW WE CAN HELP

ESOP Direct | Designing and administration of equity compensation plans

DESIGNING AND ADMINISTRATION
OF EQUITY COMPENSATION PLANS GLOBALLY!

Every organization is unique in its nature, ideology, future plans and financial goals. We partner with you to conceptualize, customize and implement equity compensation schemes to make them successful.
KNOW HOW WE CAN HELP

WHO WE ARE

If you’re looking to implement an Equity Linked Compensation Scheme to attract, incentivize and retain top quality human resources while also affording the much needed liquidity to the company, you would want to take the help of experts who can design and manage the perfect, sustainable scheme for you.

We, ESOP Direct, are a full spectrum integrated Equity compensation services company that can partner with you through the entire life cycle of your ESOP. Besides half a century old legacy in finance, taxation and accounting behind us, there are several more reasons why ESOP Direct can be your worthy ally.

MAKING
AN IMPACT

0+
Cumulative Years of Track Record
0+
Assignments
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Global Employees Served

3 bn+
Value of Options Under Administration

0+
Team Strength
0+
Countries Served

MAKING
AN IMPACT

0+
Cumulative Years of Track Record
0+
Assignments
0+
Global Employees Served

3 bn+
Value of Options Under Administration

0+
Team Strength
0+
Countries Served

WHAT WE DO

We believe in strong and reliable hand holding with our clients. Whether you are completely unfamiliar with the concept of Equity Compensation Plans or already have a plan in place but need more efficient administration, we can enter at any stage in the life cycle of the Plan.

PLAN DESIGN, IMPLEMENTATION & ROLL OUT

Every organization is unique in its nature, ideology, future plans and financial goals. We conceptualize customized equity compensation schemes to help you optimize your resources and goals.

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PLAN REVIEW AND COMPLIANCE

As companies reach different milestones on their graph, they may have to realign their existing stock option schemes to suit the future scenario. This may be at the time of going public or expanding geographical presence or even corporate restructuring. ESOP Direct reviews your existing scheme and recommends the best fit with your future goals and industry best practices.

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FEASIBILITY STUDY AND BENCHMARKING

To get the ideal benefit from your Plan, it is your constant effort to accurately account for the cost and valuation of your equity Plan, and to adhere to relevant disclosures and compliances. ESOP Direct offers expert help on all these fronts.

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TAX ADVISORY

The Tax implications of ESOP heavily impact the financials of the company. For a multinational company, the taxation laws applicable would vary in different countries. Simply put, multiple taxation parameters must be simultaneously balanced and ESOP Direct helps you do exactly that.

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WEB BASED PORTAL FOR COMPANY PROCESS OWNERS AND EMPLOYEES

We offer a complete Plan administration solution through our home grown platform My ESOPs, to clients adopting Indian ESOPs. This includes administration, accounting, Tax calculation, employee communication and even online reporting.

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E GRANTS

We relieve you of processing, tracking and executing grants through our SaaS based e-grant solution. This cashless method is especially effective when you have employees located at different geographies.

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ESOP FUNDING AND CASHLESS EXERCISE

We facilitate your employee stock option program by offering funding opportunities to employees who need them.

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TRUST MANAGEMENT

For companies that prefer to administer their ESOP through a Trust, we act as Trustees and offer the complete range of Trust Management services.

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ESOP FINANCIALS

We help you in the valuation of your option, accounting and required compliance and disclosures.

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WHY US

To begin with, we are the first and the only full service ESOP consulting firm in India. Our experience in equity based compensation schemes goes back over two decades when the concept was only taking roots in the country.

Our team comprises professionals in the core areas of Finance, Accouting and Law backed by technology experts. This renders us the ability to offer high quality ESOP solutions to clients. Our longstanding experience in catering to companies from diverse sectors, of varied scales of operation and employee strength gives us an edge that manifests in obvious benefits to the client. We would encourage you to talk to our clients to answer the question – “Why ESOP Direct?”

OUR TEAM

ESOP Direct is proud to be led by eminent people in the industry. Besides being highly qualified in finance and accounting, they have a wealth of professional experience and have the inherent skills to translate vision into concrete outcome. Every success of the company is the product of their leadership excellence.

They are backed by a competent core team that perfectly understands the corporate vision and is fully equipped to take it to its rightful effect. The core team consists of highly motivated professionals with the maturity and energy needed to steer a domain specialist organization.

ESOP Direct belongs to a genetic pool of Chartered Accountants, Company Secretary, Finance and Corporate law experts. You will get a chance to meet brightest minds in Equity compensation space having experience of over fifty years in this domain spreading across Equity Compensation Strategy, Plan Structuring , Plan Documentation, Employee Communications, Ongoing Administration, Fair Valuations, Accounting and Taxation. Our People are always willing to learn all we can do for your organisation while understanding your goals and uncover opportunities to make sustainable difference with our work. ESOP Direct is headed by Ravi Pandit and Harshu Ghate, both aided by a core team of highly qualified and experienced professionals.

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RAVI PANDIT
CHAIRMAN

He is a Chartered Accountant and Cost Accountant and Master of Management science from MIT, USA. He is also the senior partner with Kirtane & Pandit Chartered Accountants, the flagship entity of theGroup and Chairman of KPIT Infosystems Ltd., a multi-national technology company headquartered in Pune, India.
He has served as the President of Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA) and is a member of NASSCOM Executive council. He is a member of the Board of Management of Symbiosis International University and Director of the Aga Khan Rural Support Program (India).He is on the Board of several listed and unlisted companies.
He speaks regularly at several national and international forums on diverse subjects in business, finance, industrial policy, globalization and I.T industry.

RAVI PANDIT
CO-FOUNDER & CHAIRMAN

He is a Chartered Accountant and Cost Accountant and Master of Management science from MIT, USA. He is also the senior partner with Kirtane & Pandit Chartered Accountants, the flagship entity of the Group and Chairman of KPIT Infosystems Ltd., a multi-national technology company headquartered in Pune, India.

He has served as the President of Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA) and is a member of NASSCOM Executive council. He is a member of the Board of Management of Symbiosis International University and Director of the Aga Khan Rural Support Program (India). He is on the Board of several listed and unlisted companies.

He speaks regularly at several national and international forums on diverse subjects in business, finance, industrial policy, globalization and I.T industry.

HARSHU GHATE
CO-FOUNDER & CEO

A fellow member of the Institute of Chartered Accountants of India (FCA) and a licentiate member of the Institute of Company Secretaries of India, Harshu has more than 27 years of post qualification experience in the area of corporate finance, accounting and financial management.

He started his career in 1985 as partner with Kirtane & Pandit Chartered Accountants, one of oldest and renowned accounting firms in Pune, India. After co-founding and leading the Investment Banking arm of the firm for 7 years, he co-founded ESOP Direct in 1998 and continues to head it. Harshu is very active in the policy making initiatives on ESOPs in India.

A member of SEBI’s committee on ESOPs, he has co-authored the Guidance Note on Expensing of ESOPs for the Institute of Chartered Accountants of India. He speaks regularly in national and international conferences on ESOPs.

Apart from handling the overall management of the Company, Harshu devotes time on critical assignments on ESOP consulting, management and statutory compliance issues. Harshu drives the research, knowledge development and branding efforts of the company. He has conceived and developed ESOP administration methodologies and software solutions for the first time in India.

OUR WORK

After two successful decades in the domain of equity stock compensation solutions, our work speaks for us. Besides manufacturing, power, telecom, healthcare, entertainment and hospitality, ESOP Direct has offered services to companies in several others sectors. Clients from small scale businesses to mega corporations, have integrated our solutions to meet their business objectives.

Revisit for a better fit

When a major player in the housing finance company decided to review and reform the existing equity compensation scheme for optimum benefit for itself as well as the employees...

Equity incentive in family owned enterprise

When a family owned company felt it was time to be called a professional corporation and decided to groom leadership for the future, the right equity compensation Plan would help get the right people on board.

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OUR PRESTIGIOUS CLIENTS

7+ Unicorns

Top 5 Pharma Companies

Top 5 FMCG Companies

Pvt Sector Banks

10+ Large Business Groups

Top Telecom Companies

IT Companies

5000 cr. Market Valuation Companies

50+ PE Backed Companies

CLIENT SPEAK

Our clients are our best advertisemnet. Whatever the size, scale and nature of your business, you will find at least one, if not more, closest to it in our list of happy clients. Do take a look at their case studies and what they have to say about us just to reaffirm that choosing us will get you the right ESOP partner.

Slide ESOP Direct | Eicher

Manhar Kapoor

General Counsel and Company Secretary, Eicher Motors

ESOP Direct has been a very competent consultant to us and we are happy to rely on them. We needed someone to analyse our existing stock option instrument. They conducted a feasibility study, correlated their findings with company objectives and came up with their recommendations. A dependable ally to have, is what I’d say.

Slide ESOP Direct | Max Life

Shailesh Singh

Head HR, Max Life Insurance

We needed an objective comparison and evaluation of alternate instruments, as we then had a phantom plan. ESOP Direct team had several rounds of discussions with us and they made presentations and analyses of industry best practices. Their in depth study and report gave us enough data to take an informed decision. It was a totally worthwhile exercise and we are glad we sought their expert help.

Slide ESOP Direct | Northern Arc

Umasree Parvathy

Chief Peoples Officer, Northern Arc

ESOP Direct acted in the role of Trustees for our employee stock option program. Needless to say it entails a high degree of responsibility, integrity and competency. I am fully convinced we have met the right people.

Slide ESOP Direct | Thomas Cook

Mona Cherian

President and Group Head Human Resources, Thomas Cook

We entrusted ESOP Direct with our complete plan administration. We are glad our scheme is being handled by highly experienced people, especially as our employees are spread far and wide across India and it is a complex process to manage a plan and issue grant letters to multiple locations. I wish ESOP Direct every success.

Slide ESOP Direct | Future Retail

Sanjay Rathi

Head – Legal and Corporate Governance, Future Retail

As a company going through the sensitive process of merger and demerger, we needed a strong guiding hand. ESOP Direct has the reputation of being thought leaders in the domain of ESOP and that was what we were looking for. They advised us on accounting, corporate adjustment of options and even communication to employees regarding their options.

Slide ESOP Direct | VIP

Jogendra Sethi

Chief Financial Officer, VIP Industries

"Our requirements were threefold. We needed a stock option plan in the light of next level growth. ESOP Direct team helped us assess alternative instruments and design a plan for a better fit with the new parameters in accordance with industry practices. They also guided us on legal compliance, documentation, employee communication and roll-out. So I’d say they pretty much helped us on all fronts and am happy to have worked with them."

Slide ESOP Direct | Swiggy

Girish Menon

Head – Human Resources, Swiggy

ESOP Direct’s software platform My ESOPs has been a wonderfool tool for plan administration. I specially appreciate that they customized the platform by adding a functionality to account for buyback/ surrender of options, as that was our specific need at that point. That kind of flexibility and customer centricity makes all the difference!

Slide ESOP Direct | SBI Mutual Fund

Amit Singh

Head – Human Resources, SBI Mutual Fund

“I’m perfectly satisfied with their services. We hired ESOP Direct to take care of our ongoing ESOP administration. With our kind of employee numbers we expect highest efficiency and transparency in administration. My ESOPs platform renders it to the T.

VIEW ALL

CLIENT SPEAK

Our clients are our best advertisemnet. Whatever the size, scale and nature of your business, you will find at least one, if not more, closest to it in our list of happy clients. Do take a look at their case studies and what they have to say about us just to reaffirm that choosing us will get you the right ESOP partner.

Slide ESOP Direct | Eicher

Manhar Kapoor

General Counsel and Company Secretary, Eicher Motors

ESOP Direct has been a very competent consultant to us and we are happy to rely on them. We needed someone to analyse our existing stock option instrument. They conducted a feasibility study, correlated their findings with company objectives and came up with their recommendations. A dependable ally to have, is what I’d say.

Slide ESOP Direct | Max Life

Shailesh Singh

Head HR, Max Life Insurance

We needed an objective comparison and evaluation of alternate instruments, as we then had a phantom plan. ESOP Direct team had several rounds of discussions with us and they made presentations and analyses of industry best practices. Their in depth study and report gave us enough data to take an informed decision. It was a totally worthwhile exercise and we are glad we sought their expert help.

Slide ESOP Direct | Northern Arc

Umasree Parvathy

Chief Peoples Officer, Northern Arc

ESOP Direct acted in the role of Trustees for our employee stock option program. Needless to say it entails a high degree of responsibility, integrity and competency. I am fully convinced we have met the right people.

Slide ESOP Direct | Thomas Cook

Mona Cherian

President and Group Head Human Resources, Thomas Cook

We entrusted ESOP Direct with our complete plan administration. We are glad our scheme is being handled by highly experienced people, especially as our employees are spread far and wide across India and it is a complex process to manage a plan and issue grant letters to multiple locations. I wish ESOP Direct every success.

Slide ESOP Direct | Future Retail

Sanjay Rathi

Head – Legal and Corporate Governance, Future Retail

As a company going through the sensitive process of merger and demerger, we needed a strong guiding hand. ESOP Direct has the reputation of being thought leaders in the domain of ESOP and that was what we were looking for. They advised us on accounting, corporate adjustment of options and even communication to employees regarding their options.

Slide ESOP Direct | VIP

Jogendra Sethi

Chief Financial Officer, VIP Industries

"Our requirements were threefold. We needed a stock option plan in the light of next level growth. ESOP Direct team helped us assess alternative instruments and design a plan for a better fit with the new parameters in accordance with industry practices. They also guided us on legal compliance, documentation, employee communication and roll-out. So I’d say they pretty much helped us on all fronts and am happy to have worked with them."

Slide ESOP Direct | Swiggy

Girish Menon

Head – Human Resources, Swiggy

ESOP Direct’s software platform My ESOPs has been a wonderfool tool for plan administration. I specially appreciate that they customized the platform by adding a functionality to account for buyback/ surrender of options, as that was our specific need at that point. That kind of flexibility and customer centricity makes all the difference!

Slide ESOP Direct | SBI Mutual Fund

Amit Singh

Head – Human Resources, SBI Mutual Fund

“I’m perfectly satisfied with their services. We hired ESOP Direct to take care of our ongoing ESOP administration. With our kind of employee numbers we expect highest efficiency and transparency in administration. My ESOPs platform renders it to the T.

VIEW ALL

KNOWLEDGE BANK

Employee Stock Option Plans is an evolving concept in the corporate realm. It operates at different levels serving multiple objectives for different stakeholders with different financial, statutory and human resource implications. As domain specialists, ESOP Direct aims to stay well informed on the developments happening in this growing field. We are in continuous process of adding to our repository of knowledge and making insightful comment on relevant topics from time to time. We invite you to peruse the latest legal notifications, news, surveys and analysis regarding ESOP for your academic or business objectives.

FAQS

While you may be aware of the concept, there are multiple aspects of employee compensation schemes you might want to know. Get your queries answered at the click of a button.

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REGULATIONS

Statutory regulations may often be added or modified but we at ESOP Direct believe in being on top of every new development, to give you a foolproof ESOP design.

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SURVEYS

Reliable numbers add immense value to the efficacy of a plan. Our experts undertake regular surveys to assess the trends in ESOP practices. Feel free to avail of ready results.

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