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Stashfin grants ESOPs worth up to INR 5 Lakh to every employee

Stashfin has announced the allocation of Employee Stock Options (ESOPs) valued at ₹5 lakh for employees with five years of service and ₹3 lakh for those with three years of service. This initiative is part of the company’s INR 600 crore ESOP pool, aimed at rewarding long-term commitment and promoting a culture of shared success to attract and retain top talent in the highly competitive fintech industry. All employees at Stashfin are eligible for ESOPs as part of their compensation package, with over 170 employees benefitting from this initiative.

Stashfin designed the ESOP program to enhance long-term employee engagement and reward sustained contributions. It features a four-year vesting period with a 12-month cliff, ensuring that employees who make meaningful contributions over time are well-compensated. In addition to tenure, performance is a key factor in determining further ESOP allocations, ensuring the program is fair and motivating. This structure recognizes employees and empowers high performers, reinforcing Stashfin’s commitment to shared success and collective growth.

Tushar Aggarwal, Co-Founder of Stashfin, commented, “At Stashfin, we are committed to fostering a culture where every teammate is a key contributor to our success. This ESOP allocation reflects our belief in creating meaningful value for our employees while recognizing commitment to driving our vision forward.” 

Employees can redeem the vested ESOPs during liquidity events such as an IPO or an acquisition. Stashfin is committed to ensuring that its employees benefit from the wealth creation process as the company reaches significant milestones.

With a ₹600 crore ESOP pool, one of the largest in the Indian fintech sector, Stashfin emphasizes generating long-term wealth for its employees. The company continues to foster a culture of ownership and shared success, with ESOPs playing a central role in its employee benefits strategy.

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BRL Editorhttps://businessreviewlive.com
Business Review Live covers finance, technology, travel, lifestyle, and everything in between through exclusive interviews and analysis, market statistics, digital video, and an expanded array of content formats.