Adda247 Inaugurates ESOP Buyback For 130+ Employees

Adda247 has inaugurated its Employee Stock Ownership Plan (ESOP) buyback. With 130 employees across various roles and functions participating in the buyback, Adda247 is working towards fostering wealth creation opportunities for its workforce. 

This ESOP buyback comes in light of the company’s plan to do IPO in 2026. The event presents an opportunity for Adda247's dedicated team members to unlock the value of their contributions to the company's success. The buyback price is averaging 40 times the initial purchase price, reflecting the company's robust valuation and underscoring its rapid and successful growth. 

Anil Nagar, Founder and CEO, Adda247, expressed his excitement about the buyback, stating, "This ESOP buyback represents a pivotal moment in Adda247's evolution. It's a testament to our unwavering commitment to empowering our employees and fostering a culture of shared success. Our employees are the strength of Adda247, and this initiative demonstrates our appreciation for their dedication and hard work and the wealth they can create."

“As we celebrate this milestone, we are inspired by the diverse goals of our employees. From fulfilling long-held dreams to clearing loans, and yes, even purchasing the latest iPhone 15 Pro Max, we are proud to support their endeavours,” he added.

Additionally, the company has expanded into the skilling, up-skilling, and higher education sectors to empower youth and make them job-ready by providing them with employment-based skilling and learning opportunities that lead to employment.