Revolt Motors, an Indian electric motorcycle company, has announced its Employee Stock Ownership Plan (ESOP) for its employees. The move is a part of its 7th Anniversary celebrations.
This new plan includes all employees, from senior managers to shop-floor workers, breaking the usual practice of reserving such benefits only for top executives.
The company has allocated five per cent of its share capital to this inclusive ESOP programme. This will cover everyone from software engineers and product managers to sales staff and administrative workers. The plan sets a lower price for buying the shares, allowing all employees to benefit from the company’s growth.
This move aims to reward employees for their hard work while aligning them with Revolt Motors’ future goals. The company’s decision to offer ESOPs to all levels of employees highlights its commitment to recognising the value every team member brings. Additionally, this initiative will help build a more motivated and inclusive workforce as Revolt Motors continues its mission to revolutionise the two-wheeler market in India.
Speaking on the announcement, Anjali Rattan, chairperson, Rattan India Enterprises, the parent company of Revolt Motors, emphasised that Revolt Motors is leading the transformation of the two-wheeler landscape in India, which requires a significant level of dedication, effort and resilience. It was noted that the entire workforce has demonstrated unwavering commitment to this mission. “The grant of these ESOPs to all employees is not merely a reward; it is an invitation for them to share in the wealth they help to create and to secure a prosperous future for themselves,” she added.
