Building Trust

ESOP’s Fables: Getting the story right

The concluding article of the quarterly theme on ESOP structures in Indian private companies captures the good-to-have, must-have and strictly forbidden map of the instrument


At 70, when Ashok Soota decided to start over again as an entrepreneur, having worked in fabled wealth creation companies like Wipro Limited and Mindtree Limited, he had some ideas. Specifically around granting stock options to employees. With Happiest Minds Technologies (started in 2011), an IT consulting and services company, he envisioned a venture where employees were committed to building it up right until the Initial Public Offering (IPO). At Mindtree, where he led the consulting firm along with nine other co-founders for 12 years, Soota learned that commitment from employees calls for water-tight incentives and clear…

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