CRED

When three friends from Jharkhand's Ranchi ditched their well-paying corporate jobs, excellent career prospects and a steady roof above, to start a dairy farm, everyone warned them about the precarity of owning a challenging business.

In the process, existing and former employees have liquidated their ESOPs, collectively worth $1.2 million (Rs 9 crore). According to the company, the ESOP buyback was completed on January 1 and this is the first ESOP liquidity programme initiated by CRED, just two years into its operations.