Overview

• Chief Executive Anish Shah said the RSUs are designed to reward sustained contributions and align staff with M&M’s long-term growth objectives.
• Roughly Rs 400–500 crore worth of restricted stock units will be allocated to employees based on tenure and prevailing share prices.
• Awards will span three subsidiaries: Mahindra & Mahindra’s auto and farm operations, Mahindra Electric Automobile, and Mahindra Last Mile Mobility.
• Shop floor workers are included for the first time in a large Indian conglomerate’s stock plan, extending equity ownership to blue-collar employees.
• The ESOP follows a 24% rise in June-quarter net profit to Rs 4,083 crore and a twelvefold market-cap increase since April 2020.