Nandu’s Declares Its First Round Of ESOP For Employees
As per a media release the hyperlocal and omnichannel meat retail brand Nandu’s has announced its first round of ESOP (Employee Stock Option Plan ) for the employees. All the employees across the organisation will be rewarded for their hard work and contribution to stretch the company to its position. The total ESOP pool for this round is 5 percent of the company’s shareholding
Company’s authority seeing the ESOP as the testimony of Company’s growth and profitability range. Narendra K Pasuparthy - Chief Farmer, CEO and Founder, Nandu’s said, “We already have several company policies in place to ensure a healthy and happy environment for our people. We hope that this will be yet another additional factor to motivate and retain employees as well as attract fresh talent into the company."
The first round of ESOP will cover employees across the organisation at all possible levels, from next round onwards the rest of them will get covered. Ultimately, the company is aiming to cover all the employees across the organisation at levels under this scheme.
For the coming days, Nandu’s planning to expand the business as the company has its online and offline stores in Hyderabad and Bangalore. The other ambition of the company is to raise funds and investment, so that the market will know their presence. In the present scenario, the company is looking up to the supply chain from farms to retail stores.
