Today we are talking about Flipkart: Many employees at Flipkart become dollar millionaires, check out the Flipkart: Many employees at Flipkart become dollar millionaires with complete details and accuracy At 9wiki.info.
Check down the table for Flipkart: Many employees at Flipkart become dollar millionaires By 9wiki – The Encyclopedia We are always providing right details you can comment below if you found any irrelevant content of celeb.
At the employee town hall on Wednesday, there was a big cheer when Flipkart co-founder and group CEO Binny Bansal announced a 100% buyback of vested ESOPs (employee stock options). Sources told TOI that the buyback could be at around $150 (Rs 10,000) a share.
Among those turning dollar millionaires are said to be Sameer Nigam, CEO and founder of PhonePe, the payment arm of Flipkart, Amod Malviya, former chief technology officer, Sujeet Kumar, former president of operations, Vaibform Udaan. Nagori started healthcare platform Curefit, together with Myntra founder Mukesh Bansal.
Maheswari recently started Udhyam Learning Founhav Gupta, former business finance chief, Mekin Maheswari, former chief people officer, Ankit Nagori, former chief business officer, and Ananth Narayanan, CEO of Myntra and Jabong.
Malviya, Kumar and Gupta went on to found trading platform, which works on developing entrepreneurial mindsets amongst youth from difficult backgrounds.
Flipkart was quite liberal in granting stock options to employees. But it would still not be able to rival Infosys, which is said to have created 20,000 rupee-millionaires and 500 dollar-millionaires in the 1990s and 2000s.
“Infosys grew organically, taking in less capital and creating sustainable cash flows. Flipkart has consumed huge amount of capital, which has gone into building the business and funding losses. But they need to be congratulated for creating value,” T V Mohandas Pai, former board member at Infosys, said.