One of the main benefits of working at a start-up is that you might end up with stock ownership! Getting to be a stockholder of your organization is always a privilege (not to mention profitable!) In recent years many famous start-ups rewarded star employees handsomely through stock options. This led to many employees like the early workers at WhatsApp ending up with over 100 million dollars when Facebook bought the messaging app for $19 billion in 2014.
To quote a certain Ranchordas Shamaldas Chanchar, if ‘’Aal Izz Well’’ then the employees at new-age start-up, ‘True Elements’ might find themselves in the top 1% of earners in India someday.
This Maharashtra-based healthy breakfast and snacks start-up has allotted 4 crores worth of shares under its ESOP (Employee Stock Ownership Plan). These sticks will be distributed to 60 employees. What’s amazing is that, unlike many organizations which require employees to contribute a part of their CTC (cost to company) as an investment towards stock options, True Elements has made this a top-up component, beyond the CTC, thereby making this one of the most lucrative ESOPs in recent history.