Frankly speaking its less than a decade and there are about 400 employees of Flipkart who have managed to emerge as crorepatis (millionaires) in less than year. Following the new investments received by Flipkart in September, the total value of the firm is estimated as $15.2 billion. Over 25 % of the 7,000 full-time employees possessing stakes in the leading online mega retail company of India all of them are now successfully emerged as crorepatis with the new round of funding. Official sources of the firm claimed that with the  stock option scheme about 400 of these employees have recently become crorepatis.

ESOP of Flipkart Motivated and Gave Recognition to Flipkart’s 400 Employees

The net value of Flipkart has spring up to eight times in less than two years and has created wealth through ESOP’s (Employee Stock Options) for its employees. The 32-year-old Flipkart’s co-founder and chief executive officer Sachin Bansal said, “We are competitive when it comes to salaries, ESOP’s offer the opportunity for wealth and value creation. It’s a long-term reward for those who believe in the future of Flipkart.”

With the options worth of at least Rs. 6 crores on paper, about 20 Employees who joined the firm two years back at senior levels such as senior vice-president or above have now emerged as dollar millionaires. This wasn’t a deal for the senior employees as junior have also been bestowed with a fare amount of stake in the company. Flipkart’s senior manager of customer operations, 29-year-old Ambur Iyyappa graduated from  Annamalai University says, “I was getting married in 2012 and the buyback allowed me to take care of my wedding expenses.”

Many other employees working at Flipkart exacted that ESOP’s (Employee Stock Options) afforded them with recognition and a large motivation factor for employees. Share your insights and valuable ideas which are pondering in your brain right away below in the comment section.