Cocoblu Retail Marks 3rd Anniversary with ESOPs for All Employees
25 Apr 2025
2 Min Read
CW Team
Cocoblu Retail, a leading e-commerce seller and a wholly owned subsidiary of RattanIndia Enterprises Ltd, has announced a company-wide Employee Stock Ownership Plan (ESOP) as part of its third anniversary celebrations. In a pioneering move, the company will offer stock ownership to all employees鈥攁cross all roles and levels鈥攂reaking industry norms and reinforcing its people-first culture.
Cocoblu has allocated 5% of its share capital for the ESOP program, with shares to be offered at a significantly subsidized exercise price. This democratized equity initiative enables every employee, from senior leaders to frontline associates, to become shareholders and participate in long-term value creation.
The announcement follows a standout performance in FY 2023鈥�24, during which Cocoblu posted 35% year-on-year growth, surpassing the typical industry benchmark of 15鈥�25%. This growth was driven by the company鈥檚 customer-focused strategy, agile execution, and tech-enabled operations.
Anjali Rattan, Chairperson of RattanIndia Enterprises, stated, 鈥淲ith our all-inclusive ESOP program, we鈥檙e giving true ownership in the growth we鈥檝e built together. It鈥檚 a celebration of our team鈥檚 efforts and an invitation to grow with the company they鈥檝e shaped.鈥�
Over the past three years, Cocoblu has rapidly expanded its seller and product ecosystem, enhanced customer experience, and strengthened its tech-driven operations. With this initiative, the company signals a strong commitment to fostering a culture of ownership, inclusion, and sustained growth.
(BSE)
Cocoblu Retail, a leading e-commerce seller and a wholly owned subsidiary of RattanIndia Enterprises Ltd, has announced a company-wide Employee Stock Ownership Plan (ESOP) as part of its third anniversary celebrations. In a pioneering move, the company will offer stock ownership to all employees鈥攁cross all roles and levels鈥攂reaking industry norms and reinforcing its people-first culture. Cocoblu has allocated 5% of its share capital for the ESOP program, with shares to be offered at a significantly subsidized exercise price. This democratized equity initiative enables every employee, from senior leaders to frontline associates, to become shareholders and participate in long-term value creation. The announcement follows a standout performance in FY 2023鈥�24, during which Cocoblu posted 35% year-on-year growth, surpassing the typical industry benchmark of 15鈥�25%. This growth was driven by the company鈥檚 customer-focused strategy, agile execution, and tech-enabled operations. Anjali Rattan, Chairperson of RattanIndia Enterprises, stated, 鈥淲ith our all-inclusive ESOP program, we鈥檙e giving true ownership in the growth we鈥檝e built together. It鈥檚 a celebration of our team鈥檚 efforts and an invitation to grow with the company they鈥檝e shaped.鈥� Over the past three years, Cocoblu has rapidly expanded its seller and product ecosystem, enhanced customer experience, and strengthened its tech-driven operations. With this initiative, the company signals a strong commitment to fostering a culture of ownership, inclusion, and sustained growth. (BSE)
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