What we offer as part of ESOP services

Our team of professionals (comprising chartered accountants, company secretaries and lawyers among others) help businesses effectively design, implement, communicate compensation structures and administer share-based compensation benefits (ESOPs).

We provide initial education on potential ESOP structures to meet the client’s goals and objectives.

We help businesses in understanding the impact of rolling out share-based compensation on their balance sheet. Our valuation specialists guide clients on effective economic charges that various terms of the plan may result in. We help entities set measurable and objective vesting terms keeping in mind the growth and maturity of the client. Our preliminary valuations and feasibility studies aid in the selection of an optimal ESOP transaction structure.

Services to address business situations


Design Employee Stock Incentive Plans (such as stock options, stock appreciation rights, phantom stock and warrants) and assist in the documentation


Review the plan to assess whether changes need to be made to the terms of granting, vesting, pricing and change in pool size to achieve the strategic goals and objectives


Perform industry benchmark study for the Employee Stock Incentive Plan to ensure that compensation and reward structure is aligned to the industry standards


Implementation of the plan through trust route or otherwise. Help management communicate with the employees by educating them on key aspects of the instruments and its transparent and fair value


Assist businesses in regulatory and tax compliance, company resolutions and statutory filings.


Assist businesses in identifying the right web-based integrated ESOP platforms for real-time management of granting, vesting, exercise, lapse of options, liquidity events among others


As part of a preliminary assessment or the plan review, we guide through the financial and valuation impact that the terms of the plan may have on the balance sheet of businesses


As a leading valuation advisory firm, our reports on valuation for financial reporting and tax (perquisites) are dependable and robust to meet the specs of stakeholders, employees and regulators

Why us?

We are the firm of choice for structuring, implementing, and valuing options in employee stock option plan (ESOP) transactions and privately held entities. We guide companies through the complex financial and valuation implications of the financial, regulatory and tax aspects of these transactions.

Domain expertise

We have over two decades of expertise in carrying out valuations of ESOPs which makes us by far the leading mid-market specialist in understanding and assessing the nuances, complexities of terms embedded, and financial impact of ESOP designs.  

Market insights

Our working with clients across the listed and unlisted space allows us to bring forth deep market insights about best practices and strategies in the compensation and reward structure  

Thought leadership

Our team draws on our in-house research and combined team's human intelligence to perform impact analysis of compensation terms tailored to each client's needs 

Complex derivative modelling

Several compensation plans designed for mid-late stage PE/VC-funded privately held companies carry exotic market-linked performance conditions, non-vestings conditions and relative TSR terms. We deploy complex derivative models to solve the quandary and stay ahead 

Important links (regulatory/statutory/financial reporting)


  • SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 Download
  • FAQs on SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 Download
  •  SEBI (Prohibition of Insider Trading) Regulations, 2015 Download
  • Guidance Note on SEBI (Prohibition of Insider Trading ) Regulations, 2015 Download
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Download

Companies Act

  • Companies (Share Capital and Debentures) Rules, 2014 Download

Financial reporting

  • Indian Accounting Standard (Ind AS) 102 Download
  • Guidance Note on Accounting for Share-based Payments, 2020 Download


  • Foreign Exchange Management (Non-debt Instruments) Rules, 2019 Download
  • Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt
    Instruments) Regulations, 2019 Download


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