Mumbai : Dezerv, a tech-led wealth management firm, announced the completion of its Employee Stock Ownership Plan (ESOP) buyback program which was opened to all existing and ex-employees with vested stock amounting to a value of ₹46 Cr ($5.3M).
While the buyback aimed to give early employees an opportunity to create liquidity through their ESOPs, the measured participation underscores the strong confidence that team members have in Dezerv’s future growth trajectory and potential for value creation. It demonstrates the intent of team members at large to continue staying invested in the future growth of the company.
Dezerv has distinguished itself in the wealth management sector by developing a sophisticated playbook of ESOP best practices, strategically implemented to drive high employee motivation and alignment with the company’s long-term vision. This milestone in the company’s ESOP journey is further validated by the strong support from marquee institutional investors, who recognise the approach to employee engagement and value creation.
“We remain committed to delivering the highest quality investment experience to India’s wealth creators. A crucial part of ensuring this is the motivation and alignment of the team with our values. This ESOP buyback is one among many such aspects to our culture. We are proud that this has resulted in Dezerv being a company of choice for top talent looking to create an impact in this category”, said Sandeep Jethwani, co-founder of Dezerv.
