In FY 2021-2022, Dr. Sanjay Salunkhe, Chairman and MD of Jaro Education, announced the purchase of shares issued through Employee Stock Option Plan (ESOP).
Jaro Education, an edtech company providing executive training for working professionals, has announced plans for a second grant of Rs 150 million Employee Stock Option Plan (ESOP) to reward existing employees of the company.
Under the scheme, Zaro education workers will be able to assign their ESOPs for a period of 3 years. Depending on the various performance parameters set by the company, the grant of ESOP will be between Rs. 3 lakhs to INR 3 crores.
In FY 2021-2022, Dr. Sanjay Salunkhe, Chairman and MD of Jaro Education, announced the purchase of shares issued through ESOP. The company issued shares in 2018 at a rupee rate for its core employees. 50 / – per share. Dr. Salunkhe offered to buy those shares for money. 250 / – per share gives 400 percent return on their investment.
Compared to previous ESOP grants, the number of ESOP holders has increased by more than 125 percent and the company expects the number to continue to grow in the coming years.
The company recently announced that it has set aside a marketing budget of around Rs 1,000 million for student acquisitions, corporate offer growth, program portfolio expansion and brand awareness activities around the world.