Chennai's $100 million valued IT firm Ideas2IT gives its 33% ownership to employees

Chennai-based product engineering company Ideas2IT Technologies, which is valued at over $100 million, has announced a Employee Ownership Program.

With this program, The company has granted a significant 33% ownership stake to its employees, a move that is unprecedented in the corporate sector, traditionally known for ESOPs, bonuses, and other stock options.

Rewarding loyalty and dedication

The program initially benefits the first 50 employees, followed by another 100, focusing on those who have shown long-term commitment to the company. Many of these employees have been with Ideas2IT for over a decade, the company said.

“We believe that to nurture exceptional talent and cultivate a workspace that synergizes innovation, we need our employees to genuinely possess the feeling of ownership. 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, Ideas2IT.

Distinct from conventional equity-sharing schemes, this initiative offers direct equity ownership, providing employees with founder-like privileges, including a say in the company's trajectory. The selection process for this program is based on values-driven contribution rather than just skill sets.

This announcement follows the company's previous initiative in 2022, where 100 Maruti Suzuki cars were gifted to its most trusted employees. This year, the company plans to add another 50 cars to this reward scheme. 

What does Ideas2IT do?

Founded in 2009 by Murali Vivekanandan and Bhavani Raman, Ideas2IT has grown to over 700 employees. With headquarters in Dallas and Chennai, and an office in Bengaluru, the company collaborates with global giants like Microsoft, Ericsson, Siemens, and Roche.

It specializes in AI/ML, Cloud, and Application Development and Modernization, aiming to become the leading product engineering company for emerging technologies in the next five years.

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