TO THE NEW, a leading digital technology company, widely acknowledged for consistently contributing to its employees’ (internally referred to as ‘Newers’) growth and welfare, has announced its employee stock option scheme. As per the scheme, the company will provide stock options to all Newers who complete 1 year with the company.
Another distinct feature of the employee stock option scheme is that it allows option holders to apply for cash settlement of their vested options — within the employment period or at the time of separation.
As per the projections, the company expects to continue its CAGR of around 50% and plans to go public once it hits the annual revenue run-rate of US$ 100 million in 2022.
With its innovative ESOP, TO THE NEW aims to promote inclusivity and incentivize everybody towards their contribution to the growth of the company.
TO THE NEW has also been a regular feature on the list of Great Place to Work in India and has been awarded:
- Top 100 Great Place to Work-Certified – Large-Size Workplaces – 2019
- India’s Top 50 Great Mid-Size Workplaces – 2018
- India’s Best Workplaces in IT & IT-BPM- 2018
- India’s Top 50 Great Mid-Size Workplaces – 2017
- India’s Top 50 IT-BPM Companies – 2015
Satya Sharma, CHRO & Co-founder, TO THE NEW, stated, “We are really excited to roll-out the Employee Stock Option Plan and believe that it will not only reward our people for their contribution but will also enhance the sense of ownership and belonging.”
Deepak Mittal, CEO & Co-founder of the company, stated, “Our people are our most important stakeholders. We are always trying to improve & upgrade the facilities & benefits that we offer and hence we enhance our benefits program on a continuous basis. We are glad to roll-out our Employee Stock Option plan that will help us share the wealth with everyone at TO THE NEW.”
TO THE NEW provides end-to-end product engineering services. TO THE NEW leverages the power of experience design, cutting-edge engineering and cloud to build disruptive web and mobile products and enable digital transformation for businesses across the US, UK, Europe, Middle East, Asia, and India.
TO THE NEW practices agile methodologies to develop innovative products with a faster time to market. With a team of 1000+ passionate technologists, TO THE NEW constantly challenges the status quo to empower Fortune 500 companies as well as startups across the globe.
In the last FY, TO THE NEW has witnessed 55% growth and aims at targeting multi-fold growth in the coming few years.