In a move to further strengthen employee ownership, Delhivery, the leading logistics giant, has expanded its Employee Stock Option Plan (ESOP) pool by issuing 63,538 new stock options. These options, granted to eligible employees on September 2, 2024, come at an attractive exercise price of INR 1 per share, making them a valuable opportunity for the workforce.
The vesting schedule is designed to reward long-term commitment: 10% of the options will vest after the first year, 30% after two years, with the remaining options vesting in 15% increments every six months. This approach not only aligns employee interests with the company’s growth but also provides a structured path to significant wealth accumulation over time.
This recent allocation follows the company’s trend of expanding its ESOP pool, with earlier grants of 1.66 lakh options in August and over 6.49 lakh options in July 2024. The continued expansion of the ESOP pool is a clear indicator of Delhivery’s commitment to empowering its employees and sharing the company’s success with them.
With a recent net profit of INR 54.3 Cr in Q1 FY25, Delhivery is riding high on its financial turnaround, further bolstered by a 13% year-on-year revenue growth. As Delhivery continues to scale new heights, these stock options represent not just a financial incentive, but a stake in the future of one of India’s leading logistics innovators.
