Praxis Global Alliance
Praxis Global Alliance announces the launch of an employee stock ownership program
10 Dec 2021
Praxis Global Alliance, a global management consulting and advisory services firm based in India, has introduced an Employee Stock Ownership Program (ESOP) offering a wealth creation potential for employees of over INR 250 million over the next five years. The firm is one of the few players in the homegrown consulting space to roll out ESOP.
Nearly 40 percent of employees associated with the firm for more than one year have been granted ESOPs.
On the release of the first tranche, Madhur Singhal, Managing Partner and CEO, Praxis Global Alliance further emphasized, “At Praxis, we believe in the value of working as one team and strive to build together and win together. With this, we intend to acknowledge the contribution and dedication of our team members while providing more opportunities for wealth creation to them.”
Aryaman Tandon, Managing Partner and Co-founder, Praxis Global Alliance added, “Praxis’s culture is committed to creating future leaders and enhancing the career growth and aspirations of our team. This announcement recapitulates our commitment to inclusivity and being people prime. Our focus is on driving outcomes for individuals and teams as we grow.”
Praxis claims to be the fastest-growing management consulting firm based in India, expecting to log INR 100 crore revenue in five years from its inception. In recent times, the firm has witnessed approximately 60 percent compound annual growth rate (CAGR) and is set to more than double this year despite the pandemic.
Praxis has been augmenting a strong industrial hold in transforming and defining the future of businesses across geographies such as India, the USA, Middle East Asia, South East Asia, and Europe. The firm has bootstrapped its way to success in consultancy services.
About Praxis Global Alliance: Praxis Global Alliance is the next-gen management consulting and business research services firm revolutionizing the way consulting projects are delivered. It delivers practical solutions to the toughest business problems by uniquely combining domain practitioner expertise, AI-led research approaches, and digital technologies. The company operates four business units including Praxis Global Alliance Financial Investor Group (FIG) offering pre-deal support, commercial due diligence, post-acquisition value creation, Praxis Global Alliance Business Enablement and Transformation (BET) for practitioner-led business advisory and consulting, PGA Labs focused on technology-led business and market research and tools, and PraxDigital™ delivering data engineering and analytics, AI, OpenData and visualization solutions to clients across verticals. Present in four locations in India, Praxis Global Alliance works with C-suite to the front-line executives across business streams helping them with end-to-end business enablement, organizational transformation, and revenue maximization support in an agile environment.