“ESOP Direct’s team’s support throughout the entire ESOP setup process was nothing short of remarkable. They promptly resolved any issues employees faced, offering 1-1 calls for personalized support. Their attention to detail and willingness to help at every step of the way made the entire experience seamless. ESOP Direct’s team was not just helpful and cooperative, but they also demonstrated a deep understanding of the complexities involved in ESOP management.”
Rupam Singh
VP & Group Head, Performance and Rewards,
JSW Steel
“ESOP Direct’s services proved to be invaluable in managing Persistent’s ESOP framework. Their expertise, dedication, and attention to detail helped ensure that the entire process was seamless and efficient. I highly recommend ESOP Direct to any organization looking to set up or manage their ESOP framework.”
Amit Atre
Company Secretary,
Persistent
“Fino Paytech Ltd. recently concluded a liquidity event for option holders. We mandated ESOP Direct to assist us in creating the said event and its administration. Through their specialized offering, ESOP leap, they helped us conceptualize the entire event, and once the structure was frozen, they also administrated the event through their platform. Their service included helpdesk support to the option holders and real-time reporting to the process owners. We are happy to have partnered with them.”
Basavraj Loni
Company Secretary and Head Legal,
Fino Paytech Ltd.
“ESOP Direct has been our go-to service provider for advisory around our ESOP requirements. They assisted us in Structuring and rolling out a suitable ESOP Scheme. Their Category I Merchant Banking subsidiary has been assisting us on the financial compliances around the ESOP Scheme such as Option Fair Valuation, quarterly cost amortization and periodic disclosures around the scheme we have implemented.”
Rathindra Das
Head Legal, Company Secretary and Compliance Officer
“ESOP Direct, was tasked with administering our recently finished liquidity event for employee stock option holders. Because this was the first liquidity event, it was critical that employees had the best possible experience and the least amount of paperwork. Using their integrated solution, ESOP Leap, over 700 option holders were able to complete the exercise in a simple and easy manner.”
Sivaram Narayanan
Group Finance Controller, Cultfit
“In ‘ESOP Direct’ we got the right partner to implement our ESPS Scheme, the first of its kind in India, where a PSU issued shares to over eight thousand employees across multiple locations. The project ran for over nine months and they stood with us at every moment – from plan design, approvals and implementation. The plan got more than 90% employee participation and ESOP Direct’s efficient service delivery and value addition had a big role in this success.”
Rajendra P. Natekar
Executive Director (Planning and Corporate Affairs), BPCL
“ESOP Direct has been a very competent consultant to us and we are happy to rely on them. We needed someone to analyze 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.”
Manhar Kapoor
General Counsel and Company Secretary, Eicher Motors
“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.”
Shailesh Singh
Head HR, Max Life Insurance
“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.”
Umasree Parvathy
Chief Peoples Officer, Northern Arc
“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.”
Mona Cherian
President and Group Head Human Resources, Thomas Cook
“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.”
Sanjay Rathi
Head – Legal and Corporate Governance, Future Retail
“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.”
Jogendra Sethi
Chief Financial Officer, VIP Industries
“ESOP Direct’s software platform My ESOPs has been a wonderful 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!”
Girish Menon
Head – Human Resources, Swiggy
“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.”
Amit Singh
Head – Human Resources, SBI Mutual Fund