Profit sharing plan for SG Analytics staff

By: |
May 20, 2021 4:15 AM

This would be in addition to the employees’ existing compensation structure.

This plan would help employees achieve the liquidity which the Employee Stock Option Plan (ESOP) could not, Gupta said.This plan would help employees achieve the liquidity which the Employee Stock Option Plan (ESOP) could not, Gupta said.

SG Analytics, a research and analytics firm based in Pune, has announced a ‘Profit Share Plan’, the first of its kind in its industry. All the company’s full-time employees will be covered under this plan. This would be in addition to the employees’ existing compensation structure.

According to Sushant Gupta, founder and CEO, SG Analytics, starting this year, we were initiating a company-wide profit share plan wherein, based on certain criteria, a share of profits of the company was going to be distributed across all the employees. The profits would be distributed evenly across all the employees, irrespective of the seniority, effectively making them owners of the company, Gupta said. This plan would help employees achieve the liquidity which the Employee Stock Option Plan (ESOP) could not, Gupta said.

SG Analytics has 900 employees, with 650 full-time employees and the remaining consultants. The company is headquartered in Pune with offices in New York, Seattle, Austin, London, Zurich and Hyderabad.

Vineet Agarwal, co-CEO, SG Analytics, said the company had witnessed a growth of around 30% in FY20-21. The company conducted two hiring drives during the pandemic and onboarded over 200 professionals in 2020.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1InMobi owned Glance acquires Shop101
2ABSLI eyes 16-17% growth in individual business in FY22
3IOB net soars 143% to Rs 350 cr in Q4; plans to raise Rs 2,000 cr