The Vivriti Group announces the closure of its first employee stock option plan (ESOP) Liquidity Programme, providing an opportunity to its team members for wealth creation.

In all, Vivriti offered an opportunity to over 100 team members to realise Rs 100 crore of liquidity, and partake in the meteoric growth that Vivriti has seen. 

While around 50 per cent of the team participated in the offer, the remaining opted to hold on to their exercised shares and build more value. As a result, 47 team members received liquidity at the conclusion of the ESOP Liquidity Programme, resulting in ~Rs 50 crores of wealth creation.

Continuing with the above objective, Vivriti launched its maiden ESOP Liquidity Programme to shorten the wait of the ESOP holders. 

The Company expects the programme to result far higher engagement and employee retention. Vivriti believes ESOP to be a powerful instrument that creates ownership in the company and that it strongly contributes to accomplishing a shared purpose.

On this announcement, Vineet Sukumar, Founder, and CEO, of Vivriti Capital and Vivriti Asset Management said, “We aimed to democratise wealth creation for our team. Our team members are an integral part of Vivriti’s journey to becoming India’s largest mid-market lender and asset manager.”  

Currently, the Vivriti Group has a team of 225 members across all its group companies. The company offered ESOPs to all team members.