Le Travenues Technology Ltd, the parent company behind the popular travel ticket booking platform ixigo, has taken a significant step toward employee empowerment by allotting 2.12 lakh stock options (ESOPs) valued at approximately ₹3.79 crore. The grant is part of its ongoing initiative to reward and retain key talent.
The stock options were distributed across four of the company’s ESOP plans—ESOS 2013, 2020, 2021, and 2024—and are priced at ₹93 per share. These options are structured to vest in four equal installments over four years, encouraging long-term commitment from employees.
Based on the market closing price of ₹178.96 on Wednesday, each option carries a potential gain of ₹85.96, making the total grant highly lucrative. Once vested and exercised, the options will be converted to equity shares that hold equal rights as existing shares. Employees can exercise their vested options within five years.
This move is designed to build a strong sense of ownership among ixigo’s workforce. By directly linking employee benefits to company performance, ixigo is fostering a culture where growth and success are shared across all levels of the organization.
The timing of this grant coincides with ixigo’s impressive financial results in the final quarter of FY2024-25. The company reported a 72% rise in revenue, hitting ₹284 crore, while net profits surged to ₹17 crore, a more than 2.2x increase year-over-year.
Such initiatives not only incentivize current employees but also make ixigo an attractive destination for top talent in the competitive traveltech landscape.
