Chennai: Ideas2IT Technologies, an innovation-led product engineering company valued over $100 million, has announced a unique employee ownership program wherein its employees will receive a 33% ownership stake.
The move, a first of its kind, significantly redefines wealth-sharing initiatives in the corporate landscape that are so far limited to ESOPs, Bonuses and Incentives, Profit Sharing, or other Stock Options.
Ideas2IT is setting a new precedent by allocating a significant 33% ownership stake to its employees, thereby rewarding long-serving employees, many of whom have spent over a decade with Ideas2IT.
To start with, Ideas2IT will grant this equity to the first 50 employees of the company, followed by another 100 in line to join this privileged pool. With over 700 employees, the company envisions becoming the best product engineering company for emerging technologies in the next five years.
Founded in 2009 by visionaries Murali Vivekanandan and Bhavani Raman, Ideas2IT creates and delivers scalable software to companies like Microsoft, Ericsson, Siemens, and Roche. The company also works with idea-stage startup founders and helps them transform their ideas into real-world technology.
“We believe that to nurture exceptional talent and cultivate a workspace that synergizes innovation, we need our employees to possess the feeling of ownership genuinely. The motivation behind this unprecedented initiative is an emotional commitment to build a top-tier product engineering company from India, with employees as true partners,” said Murali Vivekanandan, Founder of Ideas2IT.
This initiative follows a previous initiative wherein Ideas2IT gifted 100 Maruti Suzuki cars to its most trusted employees in 2022. The company is now doubling down on this promise by adding another 50 vehicles this year.
The Employee Ownership Program stands distinct from conventional ESOPs and equity-sharing schemes. Unlike traditional plans that vest over time, this initiative offers direct equity ownership as a testament to an employee’s alignment with the company’s core values and its integral role in the company’s development. Ideas2IT is not merely distributing shares but handing over true founder privileges, including a say in the company’s trajectory.
This annual program is designed as a continuous rewarding exercise aimed at expanding the equity pool with deserving employees who embody the community spirit, demonstrate exceptional attitude and passion, and opt for loyalty by choice.
The selection process is different from how ESOPs are typically allocated, as it focuses on values-driven contributions rather than just skill sets.
Upon receiving ownership, employees are expected to further their contributions to the community and maximize their impact with even greater enthusiasm. Notably, the equity remains with the employees even if they part ways with the company, without affecting their salary structure.
This initiative is not intended to compensate for any other aspect of their employment but to acknowledge and reward their intrinsic worth and dedication.
About Ideas2IT:
Ideas2IT, founded by Murali Vivekanandan and Bhavani Vivekanandan in 2009, is a leading product engineering firm based in India. With a dedicated team of 700 employees, Ideas2IT has established itself as a world-class organization that collaborates with some of the most ambitious technology initiatives of large enterprises and the fastest-growing startups globally
Headquartered in Dallas and Chennai, the company also has an office in Bangalore. Ideas2IT’s expertise spans various domains, including AI/ML, Cloud and Application Development, and Modernization.
