Food firm iD Fresh grants ESOP, says it aims to create '100 crorepatis'

iD Fresh said it aims to create 100 millionaires in the next three years by offering employees high-value shares (ESOPS)

iD Fresh Food, the ready-to-cook product company backed by billionaire Azim Premji, said on Thursday it has rolled out its seventh round of employee stock option plan (ESOP) for 27 staffers.

The firm said it aims to create "100 crorepatis" (millionaires) in the next three years by offering employees high-value shares. The round is worth Rs 46 crore and the company has granted around Rs 300 crore worth ESOPs to employees across functions since 2016.

“Today, as we expand our global footprint, we are grateful to our long-serving employees who have stood by us through thick and thin,” said PC