ESOP Direct launches Operations in Singapore to serve the ASEAN clients

September 3rd , 2019

ESOP Direct, India’s leading end-to-end service provider in the Equity compensation domain, has launched its operations in Singapore to service its corporate clients in the ASEAN region. It has set up a wholly owned subsidiary in Singapore to manage the operations.
Harshu Ghate, Co-Founder and Managing Director, ESOP Direct, said “over the last couple of years we have handled several mandates for companies in the ASEAN region. This experience gave us a first-hand feel of the market and companies in this region. We have the necessary domain and legal knowledge of the Regulations in these countries and our platform MyESOPsTM, is also equipped to handle multi-currency Plans, employee mobility and on-the-fly Tax obligations under multiple jurisdictions. We have been managing Singapore Plans on our platform for over 8 years”.

“From the Singapore subsidiary, we would be focussing on the fast-growing early stage and growth stage companies located in Singapore, Indonesia, Malaysia, Vietnam, Philippines and Thailand”, Harshu Ghate said. “This region, has, over the last 3-5 years, seen impressive growth in Equity funding of tech and services companies, ecommerce, fintech and financial services. Most of these companies are promoted by first generation, professional entrepreneurs who are convinced about the need to reward employees through a suitable Equity Plan. We are very bullish about this market”, he said.

About ESOP Direct: ESOP Direct, focussed on the Equity compensation domain, is engaged in Plan Design, Legal documentation, Plan administration and Options Valuation and Accounting services. Over the last two decades of its existence, it has worked for more than 800 companies. On its proprietary platform, MyESOPsTM, the company administers more than 500 Plans servicing over 100,000 employees located globally. Headquartered in Pune, India, the company has offices at Mumbai, Delhi and Bangalore.