Flomic Global Logistics Ltd Announces ESOP for its employees

August 18: India’s leading logistics service provider Flomic Global Logistics wants its employees to be their growth partners to instil a sense of ownership and incentivize them. The logistics solution provider has decided to offer ESOPs to its employees. With a service-centred approach, the employees form the backbone of the organization. The firm offers personalized and cost-effective logistics solutions to its customers.

 Mr. Lancy Barboza, the MD of Flomic Global Logistics, said it had been his cherished dream to reward his employees through ESOP for their hard work and long-term association with Flomic. ESOP will be a tool to motivate and retain employees and attract fresh talent into the Company. He added that the ESOP will provide ownership and will also be an added retirement benefit to our employees.

Freight Forwarding and Logistics is still a highly fragmented industry in India, with many small and mid-sized players competing with large Multinational Companies. While start-ups have been offering ESOPs to retain and attract talent, Flomic is among the few listed public companies that have offered ESOPs to its employees.