Delhivery, a leading logistics and supply chain company, has announced an expansion of its employee stock option plan (ESOP) with a new allotment of 4.90 Lakh stock options under its ESOP 2012 scheme.
The company disclosed the development in an exchange filing today.
The newly allotted stock options, convertible into fully paid-up equity shares with a face value of INR 1 each, are set to vest in a staggered manner: 20% after 12 months, 30% after 24 months, and the remaining 50% after 36 months.
This marks Delhivery’s latest effort to bolster employee engagement and retention through equity incentives.
Earlier in the month, the company had allotted 11.2 Lakh equity shares under various ESOP schemes and granted 73,300 stock options.
October also saw an increase in the ESOP pool with an allotment of 8.6 Lakh equity shares and 50,100 stock options.
Financial Performance and Market Position
Delhivery recently posted a profit of INR 10.2 Cr in Q2 FY25, marking its second consecutive profitable quarter.
Revenue from services during this period rose 13% year-on-year to INR 2,190 Cr, showcasing steady growth.
Founded in 2011, Delhivery has evolved into one of India’s leading integrated logistics and supply chain solutions providers.
Its offerings include express parcel delivery, heavy goods shipping, warehousing solutions, cross-border logistics, and supply chain software.
Competitive Landscape
In the highly competitive logistics sector, Delhivery rivals key players such as Xpressbees, Blue Dart, Flipkart’s Ekart Logistics, and Amazon Shipping.
The company also recently expanded its international capabilities, partnering with Teamglobal Logistics in September to offer ocean freight services to 120 countries.
