Ferns N Petals Rolls Out Its First-ever ESOP Plan
India’s gifting giant Ferns N Petals rolled out its first ever Employee Stock Ownership Plan (ESOP’s) worth 2% of the company’s outstanding shares, w.e.f. from September 2021 and is set to include first set of 35+ eligible employees under the program, as a reward for consolidating and strengthening the company’s leadership position.The company comes with a workforce of 1000+ employees and has defined a set eligibility criteria for participation in the ESOP program.
Responding to queries on the ESOP plan, Vikaas Gutgutia, Founder & Managing Director at Ferns N Petals, said “We believe ESOPs represents our belief in the vision for Ferns N Petals and ownership among our fellow employees. Recognizing contribution and commitment of our employees towards the firm, the ESOPs come with additional responsibility towards the company. We look forward to welcoming more employees to be a part of this exciting experience of being co- owners of FNP”.
With the introduction of ESOP to the company, Pawan Gadia, CEO, Retail & Online, GCC & APAC Regions added, “From our first set of 36 Members, our core team is qualified for ESOPs basis our eligibility criteria and various parameters and I would like to take the opportunity to wholeheartedly congratulate them for their hard work that has got them this far, and remind them of the responsibilities and expectations that come from being a co-owner of FNP family. With the joy of giving as the vision of Ferns N Petals, we have kept company as well employee growth as our priority. We are expanding our eligibility criteria and will appreciate if every team member will be a part of our journey.”
Acknowledging the announcement of the ESOP program at Ferns N Petals, Manish Saini, COO, E-Commerce said, “The company has taken a great step towards scaling up company’s performance through the introduction of ESOP plan. This will not only make an impact on wealth creation, but also bring a multi-fold change in the coming years. With huge investment returns, rewards beyond salary and a sense of ownership, makes me a valuable part of FNP family and therefore, foresee company’s progress in a big way.”
Ferns N Petals recently introduced its first ever fundraising strategy private equity. The investment strategy for its first fundraising will be in line with the growth perspective in respect to support various marketing plans, branding activities, geographical expansion, acquisitions, and technological advancement. The PE investment will be managed and advised by Motilal Oswal.
