In its first ESOP buyback, 153 team members, which includes senior vice presidents to field teams, were benefited.
Agritech DeHaat announced that company has issued employee stock ownership plan ESOPs. To date, DeHaat has issued ESOPs worth over Rs 100 crore ($12 million) to more than 200 individuals. In its first ESOP buyback, 153 team members, which includes senior vice presidents to field teams, were benefited.
DeHaat’s gross revenue grew 54.2 per cent to Rs 1,965 crore in FY23 from Rs 1,274 crore in FY22. The company said that its revenue from operations increased 40 per cent to Rs 2,700 crore while losses was reduced by 50 per cent in FY24. The firm aims to achieve full year profitability during FY25.
DeHaat is a marketplace for the agricultural sector which offers distribution of high-quality agrarian inputs, advisory, lending, and market linkages for selling their produce. Founded in 2012 by Kumar, Amrendra Singh, Shyam Sundar, and Adarsh Srivastav, Patna and Gurugram-based DeHaat is a full-stack business-to-farmer (B2F) platform, offering end-to-end agricultural services to farmers. Its services include the distribution of high-quality agri-inputs, customised farm advisory, access to financial services, and market linkages for selling their produce.
DeHaat’s consistent growth and unparalleled performance to empower Indian farmers for over a decade has been only possible because of the commitment and efforts of our team. The ESOP buyback program demonstrates our dedication to our employees, and we are glad to generate wealth creation opportunities, said the company in the statement.
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