Latest news with #StockOwnership
News18
06-08-2025
- Automotive
- News18
Mahindra & Mahindra To Roll Out Rs 400-500 Crore ESOPs For 23,000 Employees; Details Here
Last Updated: The initiative spans three major subsidiaries of the group — M&M (encompassing the auto and farm sectors), Mahindra Electric Automobile Ltd (MEAL), and Mahindra Last Mile Mobility. In a major move, Mahindra & Mahindra (M&M) has announced a one-time Employee Stock Ownership Plan (ESOP) covering about 23,000 employees, including shop floor workers, to recognise their role in the company's remarkable growth trajectory. 'This is something that I am very happy about and very proud about our company's culture because these ESOPs are for every single person in the company. This is effectively a token of gratitude, because their efforts have helped us do extremely well," said Group CEO & MD Anish Shah in an interview with news agency PTI. The initiative spans three major subsidiaries of the group — Mahindra & Mahindra (encompassing the auto and farm sectors), Mahindra Electric Automobile Ltd (MEAL), and Mahindra Last Mile Mobility. Notably, this marks what is believed to be the first instance of a large Indian conglomerate offering stock ownership to shop floor workers. The shares will be awarded in the form of restricted stock units (RSUs). According to Shah, the scheme will benefit all employees on permanent payrolls who have completed at least 12 months of service with the group. The total outlay for the ESOP programme is expected to be in the range of 400 to 500 crore, although the final amount will depend on a range of variables. 'It (400 crore to 500 crore) is a very significant amount, but as I look at it, overall, the value creation they (workers) have led is a lot more," he said, adding that the plan is designed to reward long-term contributions and align employee efforts with the company's broader wealth creation goals. Shah highlighted that M&M's market capitalisation has multiplied 12 times since April 2020 — a testament, he said, to the efforts of employees across all levels. The announcement comes alongside the company's strong financial performance in the June quarter. M&M reported a 24 per cent year-on-year rise in consolidated net profit, reaching 4,083 crore, compared to 3,283 crore in the same period last year. Revenue from operations also increased significantly to 45,529 crore from 37,218 crore a year ago, reflecting robust performance across business verticals. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Standard
04-06-2025
- Business
- Business Standard
Agra's AGSSL Sets Benchmark With Revolutionary ESOP Policy, Empowering Employees And Retaining Talent
PRNewswire Agra (Uttar Pradesh) [India], June 4: In a city world-renowned for its cultural heritage and the majestic Taj Mahal, A.G. Shares & Securities Ltd. (AGSSL), a stock brokerage house, is scripting a modern success story -- this time, in the world of employee empowerment. AGSSL has made headlines with the introduction of a progressive Employee Stock Ownership Plan (ESOP), a rare move in Agra's corporate landscape, positioning the company as a trailblazer in employee engagement and talent retention. A Bold Step Towards Employee Ownership in Agra While ESOPs are commonly seen in metros and tech hubs, AGSSL's decision to implement such a forward-thinking policy in Agra has turned heads across the region. By giving employees the opportunity to own shares in the company, AGSSL is not only driving performance but also instilling a deep sense of ownership, loyalty, and pride in its workforce. "We wanted to connect our team's effort directly with the company's success," says Mr. Krishna Tiwari, General Manager of AGSSL. "Talent is the backbone of the finance industry. Our ESOP policy helps keep our people motivated and rewarded -- right here in Agra." Real Wealth, Real Stories Since the rollout of the ESOP program, employees at AGSSL have experienced tangible financial growth. Several long-time team members have seen the value of their shares outpace their annual salaries, turning a workplace incentive into a genuine path to wealth creation. "It's not just extra cash," Mr. Tiwari explains. "It's real wealth, long-term security, and most importantly, it gives our employees the feeling of being true partners in the company's journey." Redefining Agra's Talent Landscape In a region where ESOPs are virtually unheard of, AGSSL is shifting the narrative. The policy is not only helping retain Agra's top talent but is also attracting skilled professionals back from metro cities who are now reconsidering hometown opportunities. "AGSSL's ESOP is more than just a benefit -- it's a magnet for talent and a tool to build a workplace where every employee feels valued and invested," Tiwari adds. Inclusive Ownership Across All Levels One of the most innovative features of AGSSL's ESOP is its inclusivity. While senior management receives shares directly, they are also encouraged to allocate a portion to their teams -- ensuring that everyone, from traders to support staff, has a stake in the company's growth. "It's not just for top leadership," says Tiwari. "We believe every employee matters. By sharing ownership across the board, we're fostering a unified, motivated, and high-performing team." Educating and Engaging Employees To ensure everyone understands and benefits from the ESOP, AGSSL regularly conducts internal sessions to demystify the program. Employees are kept informed of the company's growth and how it translates into share value -- making the link between their efforts and rewards clear and compelling. A Model for Agra's Business Future As AGSSL continues to grow, it plans to expand its ESOP initiative even further -- reinforcing its commitment to shared success and setting a high bar for companies in Agra and beyond. "All businesses irrespective of their size should absolutely consider ESOPs," says Tiwari. "It's a smart, sustainable way to build loyalty, attract talent, and create a culture of ownership. We're proud to lead by example." AGSSL's ESOP Highlights: - A standout and rare benefit in Agra's job market - Shares for employees at all levels -- not just leadership - Substantial financial gains for participants - A powerful tool for talent retention and return migration - A model for progressive local business practices About AGSSL A.G. Shares & Securities Ltd. is a leading financial services company based in Agra, offering a range of investment solutions. With a reputation for innovation and integrity, AGSSL is redefining what it means to work -- and thrive -- in Agra's growing financial landscape. Website: (ADVERTORIAL DISCLAIMER: The above press release has been provided by PRNewswire. ANI will not be responsible in any way for the content of the same)
