ixigo Approves ESOS 2025 With 1.2 Crore Stock Options

Online travel aggregator ixigo has approved a new Employee Stock Option Scheme (ESOS) for 2025, allocating 1.2 crore (12 million) stock options to its employees. This move aims to attract and retain talent while aligning employee interests with company growth.

ixigo's board has approved granting stock options of at least 1% of the company's issued capital to co-founders Aloke Bajpai and Rajnish Kumar under the ESOS 2025 plan.

Details of the ESOS 2025:

• Total Number of Options: The ESOS 2025 consists a pool size of 1.2 crore (12 million) stock options. Upon vesting and exercise, these options will convert into an equivalent number of equity shares, aligning with the existing equity shares of the company.
• Pricing Formula: Each option under ESOS 2025 is priced at INR 93, matching the issue price during ixigo's Initial Public Offering (IPO).

This move is proof of ixigo's commitment to recognising and rewarding its employees' contributions. By offering stock options, the company aims to match employees' interests with its growth and success, creating a sense of ownership and motivation.

Recent ESOP Allocations

This is not ixigo's first initiative to reward its workforce through stock options:

• January 2025: The company allotted 10.58 lakh equity shares to eligible employees under various ESOP schemes.
• December 2024: Over 4.6 lakh equity shares were allotted to employees under multiple ESOS plans.
• November 2024: An expansion of the ESOP pool saw the grant of 17.57 lakh stock options under ESOP 2024.

These consistent efforts highlight ixigo's dedication to employee welfare and its strategy to retain top talent in a competitive industry.

About ixigo

Founded in 2007 by Aloke Bajpai and Rajnish Kumar, ixigo is an Indian online travel portal headquartered in Gurugram, Haryana, India. The platform aggregates real-time travel information, prices, and availability for flights, trains, buses, and hotels, enabling users to plan, book, and manage their trips efficiently.

Over the years, ixigo has expanded its services and made strategic acquisitions to improve its offerings.

In June 2024, ixigo went public, listing on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

The company's vision is to become the most customer-centric travel platform, delivering the best user experience by leveraging artificial intelligence, machine learning, and data science-led innovations.

In Q3 FY25, ixigo posted a revenue of INR 242 crore, marking a 41.5% year-on-year increase from INR 171 crore in the same period last year. The company's net profit dropped by 49.3% to INR 15.5 crore in Q3 FY25 from INR 30.6 crore in Q3 FY24.

By continually investing in its employees and expanding its services, ixigo aims to maintain its competitive edge in the rapidly evolving travel industry.

Ixigo Success Story: Business Model | Revenue | Funding | Owner | Net worth

Ixigo is India’s leading online & mobile travel search + planning website. Read More about Ixigo company profile, it’s story and history, revenue, owner/founder, net worth, business model, funding, acquisitions, competitors, and more

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