Two different ways of making ESOPs work
Axis Bank
UTI Bank, which changed its name to Axis Bank in 2007, was one of the earliest in the banking sector to experiment with employee stock options. It launched a scheme as early as 2001, starting with the unreserved objective of covering all employees, based on performance.
Murugappa group
(This story appears in the 06 November, 2009 issue of Forbes India. To visit our Archives, click here.)