With an aim to allow its employees to become shareholders and create personal wealth, Hearzap, the brand that provides complete hearing care solutions in India has announced its Employee Stock Ownership Plan (ESOP). The company is gearing to expand to 250 stores by FY26, and 500 stores thereafter targeting two-fold growth in the next three years.
The ESOP programme will see eligible employees being granted stock options worth about Rs 8 crore. Hearzap believes in a journey of collective growth and success. Eligible employees will grow with the company and be part of Hearzap’s long-term vision of making hearing care accessible and affordable throughout India.
Hearzap’s ESOP scheme takes forward its vision of creating a future where every employee’s success is integral to the company’s story. By aligning employee interests with company growth, Hearzap is trying to ensure employee retention and motivation.
Hearzap posted an overall revenue growth of 20 per cent in FY 24-25, and with this initiative employees will have an opportunity to experience a sense of ownership and belonging.
Raja S, managing director, Hearzap calls the ESOP initiative “more than a financial incentive”. He says, “It is a new era of empowerment, acknowledging that what we achieve is a shared accomplishment. We intend to build a culture of ownership and shared prosperity. Hearzap is more than a workplace It is a place to be an individual and grow personally and financially.”
Backed by more than 47 years of experience, Hearzap has over 150 hearing experience stores across the country, serving more than 1.2 million clients.
