Flomic Global Logistics rolls Out 7% ESOP to foster ownership culture

Flomic Global Logistics, a player in India’s logistics sector for 38 years, has announced a major Employee Stock Ownership Plan (ESOP), allocating 7% of its equity to its workforce. The initiative aims to empower employees, instil an ownership mindset, and move beyond the traditional employer-employee model.

Lancy Barboza, Chairman and Managing Director of Flomic, said the ESOP is designed to give staff “a voice” and create a genuine “ownership culture.” The company expects that employees who adopt an owner’s mindset will show stronger commitment, drive innovation, and boost organisational momentum.

The ESOP is closely linked to Flomic’s strategic priorities, including digital transformation, global expansion, and margin improvement. Barboza explained that when the company’s strategy becomes the personal priority of each employee, execution efficiency will become a key competitive advantage.

The move also targets talent acquisition, offering skilled professionals the opportunity to build equity value alongside career growth. “Don’t just work for us, build with us,” Barboza said, highlighting the scheme as a strong recruitment incentive.

On the financial side, Barboza stressed that the share allocation is not a dilution but “value creation multiplied.” The company will track the plan’s performance over five to seven years, assessing share value growth, talent retention, and Flomic’s positioning among global logistics firms. Success, he noted, will be measured by employees acting and thinking like entrepreneurs.