Community Corner

ESOP Direct Announces its Registration as a Category 1 Merchant Banker

ESOP Direct, India’s leading service provider in the Equity Compensation space is pleased to announce registration of its subsidiary, KP Capital Advisors as a Category 1 Merchant Banker with the Securities and Exchange Board of India.

With this certification, ESOP Direct will now be able to undertake Share / Business valuations for the Indian subsidiaries of global companies as required by the Indian tax laws and also manage public offerings of companies on the Indian stock exchanges.

Harshu Ghate, Co Founder and Managing Director, ESOP Direct, said “during our interactions with global companies with participants in India, we noticed that these companies find it difficult to identify and engage with a registered Merchant Banker in India. Indian companies as well, have to appoint a Merchant Banker to value their shares and to certify the Plan to Stock exchanges. Given our existing relationships and engagement with large number of Issuer companies, we thought this would be a good extension to our existing bouquet of services.”

“With our understanding of how global Plans work, we can add significant value to the Indian subsidiaries of global companies in ensuring their tax compliance”, Harshu said.

About ESOP Direct:

ESOP Direct, focussed on the Equity compensation domain, is engaged in Plan Design, Legal documentation, Plan administration and Options Valuation and Accounting services. Over the last two decades of its existence, it has worked for more than 800 companies. On its proprietary platform, MyESOPsTM, the company administers more than 500 Plans servicing over 100,000 employees located globally. Headquartered in Pune, India, the company has offices at Mumbai, Delhi and Bangalore.

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