Mahindra To Give Rs 400-500 Crore ESOPs To 23,000 employees

M&M rolls out ESOP scheme for 23,000 employees

In a groundbreaking move, Mahindra & Mahindra has launched a one-time Employee Stock Ownership Plan (ESOP) covering around 23,000 employees, including factory floor workers—marking a first for a large Indian conglomerate. The initiative reflects the company’s commitment to inclusive wealth creation and long-term value sharing with its workforce. The ESOP rollout will span Mahindra & Mahindra’s key verticals: the automotive and farm sectors, Mahi…

Mahindra To Give Rs 400-500 Crore ESOPs To 23,000 employees

In an industry-first initiative, Mahindra & Mahindra is launching a one-time Employee Stock Ownership Plan for about 23,000 employees, including factory floor workers, as a reward for their contribution to the company's growth journey, Group chief executive officer and managing director Anish Shah said.The initiative covers three of Mahindra's key subsidiaries -- Mahindra & Mahindra (auto and farm sectors), Mahindra Electric Automobile, and Mahi…