Flipkart to launch $50 million employee stock buyback; over 7,000 staff may benefit
The buyback will allow employees to liquidate up to 5% of the stock options vested between July 6, 2022, and July 5, 2025.
The payout will be at $174.32 per option and is expected to be made in August 2025, Flipkart Group CEO Kalyan Krishnamurthy told employees, according to ET.
"Our core businesses are performing well, and quick commerce continues to scale at an unprecedented pace." Krishnamurthy wrote to employees.
All active employees as of July 5, 2025, will be eligible for the buyback, which is part of Flipkart's broader strategy to reward and retain talent. Krishnamurthy said that if the company meets key targets committed to the board by the end of the year, it may offer another 5% ESOP buyback in early 2026.
"The Board has approved a discretionary ESOP liquidity opportunity (under the Flipkart Stock Option Plan 2012) wherein, all active employees as on July 5, 2025 will have the opportunity to liquidate up to 5% of their outstanding options vested in the last three preceding years, i.e.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Redefine Your Future with a Top Online MBA
JAIN Online
Learn More
Undo
between July 6, 2022 to July 5, 2025. The liquidation of the options will be at a price of $174.32 per option, and the payment will be made in August 2025," it said.
"Looking ahead, we remain committed to acknowledging your contributions and if we achieve key goals committed to the Board by the end of the year, we will unlock another 5% ESOP Liquidity event early next year. This isn't just about numbers, it's about pushing ourselves to go the extra mile, to innovate boldly and to deliver exceptional value to our customers.
Let's rally together, harness our collective energy and make this happen," it added.
Flipkart, currently valued at $35 billion, employs around 22,000 people. This latest buyback follows a $700 million ESOP repurchase in 2023, the largest by any Indian internet company to date. Including past buybacks, Flipkart has returned around $1.5 billion to employees through ESOP programs in recent years.
The announcement also comes just ahead of Flipkart's flagship Big Billion Days sale, scheduled for October, which is a key revenue driver for the platform.
The company is also doubling down on its quick commerce vertical, Flipkart Minutes, which is expected to operate 800 dark stores by the end of 2025.
Krishnamurthy highlighted that the company's growth trajectory and commitment to innovation, stating, "this is our way of saying thank you for your unwavering commitment."
"Let's always remember that in an industry as dynamic and competitive as ours, past successes are a foundation for future achievements. The opportunities in our country are immense. We must seize them, with agility and a shared commitment to success, forging meaningful growth for all," Krishnamurthy added.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Today
43 minutes ago
- India Today
India to soon have 5th generation fighter jets in boost to air defence
The Indian defence capabilities are going to get a big boost with the government approving the "execution model" for implementing a major indigenous project to develop fifth-generation, deep-penetration advanced medium combat aircraft (AMCA) for the Air Force, potentially making us the fourth country to possess such stealth fighter jets. At the moment, the plans are to import them. Designed to execute a wide array of missions, including air superiority, ground strikes, Suppression of Enemy Air Defences (SEAD), and electronic warfare (EW). The AMCA will significantly enhance India's aerial combat capabilities. The single-seat, twin-engine aircraft is designed for all-weather operations and is expected to have a maximum takeoff weight of around 25 tonnes. It will be capable of flying at altitudes of up to 55,000 feet. The aircraft will feature an internal weapons bay with a 1,500 kg capacity, support an external payload of up to 5,500 kg, and carry 6,500 kg of fuel. Watch more on Battle Cry.
Time of India
an hour ago
- Time of India
In Karnataka, Shakti scheme ticket count set to cross 500-crore mark
Bengaluru: On Monday, the Shakti scheme — offering free bus travel for women in the state — is set to cross the 500-crore ridership milestone. To mark the occasion, chief minister Siddaramaiah and his deputy DK Shivakumar will travel in a city bus and personally issue tickets to women passengers. Transport minister Ramalinga Reddy told TOI that at the district level, committees overseeing implementation of the five guarantee schemes will celebrate the milestone by distributing sweets and flowers. The Shakti scheme was the first of the five guarantees launched by Congress govt. From June 11, 2023 to July 11, 2025, the state's four road transport corporations — KSRTC, BMTC, NWKRTC, and KKRTC — issued over 497 crore tickets. The corporations have spent a whopping Rs 12,614 crore to provide free travel facilities for women on ordinary bus services. Out of nearly 25,000 buses, women are allowed to travel in over 20,000. In June this year, conductors issued more than 73 lakh tickets daily to women availing of the free travel benefit. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru Reddy said, "The 500-crore mark is a testimony to the successful implementation of Shakti scheme by RTCs in the state. It has been well received by the women of Karnataka . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Lợi ích khi giao dịch CFD Bitcoin IC Markets Tìm hiểu thêm Undo To celebrate the milestone, the chief minister and the deputy CM will travel in a city bus Monday and issue tickets." In the first month of the scheme's launch, RTCs issued over 10 crore tickets, incurring an expenditure of Rs 250 crore. In the second month, the number of tickets issued rose to nearly 20 crore, and the cost reached Rs 453 crore. Patronage continued to grow in the following months. The highest number of tickets — over 22 crore — was issued in May 2025, accounting for Rs 670 crore. Following an upward revision in bus fares in Jan 2025, the expenditure to provide free travel under the scheme saw a significant jump. Reddy said, "Naturally, when there is a revision in bus fares, the cost of providing benefits under the scheme increases. During festive seasons and holidays, we also see increased patronage. As promised, the state govt has been supporting RTCs by reimbursing the expenditure. Except for a pending amount of Rs 2,750 crore, RTCs have received the rest of the funds spent under the scheme." He stated that the govt has extended additional financial support to RTCs by providing a loan of Rs 2,000 crore and facilitating the induction of new buses. "After coming to power, we have taken measures to induct 5,800 new buses and recruit 10,000 staff, including 1,000 on compassionate grounds. RTCs currently have a liability of Rs 4,000 crore due to the lack of support from the previous BJP govt," Reddy added.
Time of India
an hour ago
- Time of India
Gujarat high court quashes criminal complaint against company for defaulting on CSR responsibilities
Ahmedabad: The Gujarat high court quashed a criminal complaint filed by the registrar of companies (ROC) against a company on charges of non-compliance with corporate social responsibility (CSR) rules, specifically for inadequate disclosure and under-expenditure on CSR activities. Acknowledging the shift in legislative approach, the HC quashed the complaint and referred the issue to the adjudicating authority to fix the penalty on the company. This decision came after the central govt in 2020 amended the Companies Act, decriminalising the offence and reducing the punishment to a fine. In this case, the ROC filed a complaint under the Companies Act in a city court in 2017 against KHS Machinery Pvt Ltd for defaulting on its CSR obligations for the financial year 2014-15. The principal district judge initiated proceedings against the company. You Can Also Check: Ahmedabad AQI | Weather in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad The company approached the HC in 2017, alleging that the ROC filed the complaint "with an ulterior motive and in abuse of the process of law". The company contended that it constituted a CSR committee and framed its own CSR policy in accordance with the statutory mandate. In line with its CSR obligations, the company began spending amounts towards social causes as stipulated in its CSR policy. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Các chỉ số toàn cầu đang biến động — Đã đến lúc giao dịch! IC Markets Tìm hiểu thêm Undo All relevant disclosures were duly made in the Board of Directors' Report in compliance with Section 134(3)(o) of the Companies Act. Still, the ROC filed the complaint. The quashing petition was pending since 2017. When it came up for hearing, the company contended that the case pertained to Section 134(8) of the Companies Act and the said offence was decriminalised in 2020, with the punishment reduced to a fine. It prayed that the benefit of reduction in punishment should be given with retrospective effect. It also cited a Supreme Court order in this regard. After hearing the case, Justice J C Doshi quashed the complaint and ordered the issue to be sent to the authority concerned for fixing the penalty. The HC stated, "Evidently, the benefit of decriminalisation of the offence ought to ensure to the benefit of the petitioner, in as much as the Amendment Act passed by the central govt has decriminalised the punishment in cases pertaining to CSR violations and reduced the consequences to the imposition of a fine only. There appears to be no justifiable reason to deny the retrospective benefit of such decriminalisation to the petitioner–accused."
