BasicFirst announces ‘Teachers Stock Options’

BasicFirst has decided to reward its teachers with employee stock options (ESOPs), calling them ‘Teacher’s Stock Options’ that will benefit over 150 teachers associated with the edtech platform

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To celeberate Teachers Day, BasicFirst, the Indian edtech company has decided to announce ESOPs or employee stock options, for its full-time as well as part-time teachers. These ‘Teachers Stock Options’ or TSOPs will benefit over 150 teachers associated with the platform.

This is the Company’s way of honouring and recognising the hard work of the teachers associated with it during these tough times, to provide continued education to learners across the country. The elegibility for the benefit will be subject to the tenure of the teachers in the Company.

Randhir Kumar, founder & CEO, BasicFirst Learning, hopes that these TSOPs will motivate the teachers and allow the firm to “share our achievement with teachers, which will further foster their and their family’s belongingness to our institution and instil a sense of shared ownership.” He appreciated the “outstanding leadership and ingenuity” that teachers showed to ensure that learning never stopped and no student fell behind amidst these challenging time. He said that the Company’s “150+ highly experienced teachers worked hard with students, mentored and nurtured them to accomplish their goals through quality learning experiences that are best in class.”

BasicFirst has seen 100 per cent year-on-year growth with an increase in demand from the tier 2 cities of the country. BasicFirst also hired a chief technology officer recently who sits at the USA office.

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