Motilal Oswal extends ESOPs to employees, including office boys 

As one of the firsts in the industry, Motilal Oswal Financial Services showered rewards in the form of employee stock ownership plans (ESOPs) on its employees, including the office boys. The Mumbai-based financial services major has over 3,800 employees under its ambit and company offered stock options of group company, Aspire Home Finance to all its eligible employees.  

However, the quantum of stock options offered varied on the basis of tenure and designation of the employees of the organisation. According to the reports, about 85 per cent of the employees of the organisation hold ESOPs of Motilal Oswal's group companies or its subsidiaries.  

The ESOPs came as a boon to the employees as the company extended this additional benefit as a way to express its gratitude to the employees, as a top official expressed to a leading news portal.  

Motilal Oswal recorded a strong growth in its businesses in FY17, posting a 66 per cent surge in its consolidated revenues to Rs 1,1818 crore, doubling from Rs 360 crore as reported by the company in the in the previous financial year. Most of the company's earnings has been sourced from its housing finance and asset and wealth management businesses according to the company reports. The companies' Aspire Home Finance group company posted a loan book of Rs 4,100 crore as of March, 2017.