DMI Finance Increases ESOP Pool to $105 Mn, Appoints Two Independent Directors 

According to Entrackr, DMI Finance has significantly expanded its employee stock ownership plan (ESOP), raising the total pool to $105 million. The digital lending firm passed a board resolution to add 1.18 crore new stock options to its existing 2018 plan, signaling continued focus on employee retention and long-term growth. 

DMI Finance Adds $36M in Fresh ESOP Grants 

DMI Finance’s board approved the addition of 1,18,29,695 employee stock options to its existing ESOP Plan 2018-Extended. This expansion brings the total pool size to 3,44,29,695 options, with the newly granted options valued at approximately ₹306.6 crore ($36 million). 

Total ESOP Pool Now Valued at $105M 

Based on its last funding round valuation, where DMI raised $400 million from MUFG Bank and others, the total value of the ESOP pool now stands at ₹892 crore ($105 million). This move underscores the company’s commitment to rewarding employees during its scaling journey. 

Leadership Strengthened with Two New Independent Directors 

Alongside the ESOP expansion, DMI Finance also announced the appointment of Arjun Malhotra and Tammir Amr as Independent Directors. This comes as the firm continues to reinforce governance and strategic direction following its rebound from regulatory restrictions. 

Strong FY24 Financial Performance 

While FY25 results are still awaited, DMI Finance reported a 60% year-on-year growth in operating revenue to ₹2,654 crore in FY24, with a net profit of ₹397 crore. This recovery comes after the Reserve Bank of India barred the firm in October 2024 from issuing loans due to pricing violations, an order that was lifted in January 2025. 

Also Read: BSE Board Meets Today to Review Q4 FY25 Results, Dividend; Bonus Issue Record Date in Focus.  

Conclusion 

DMI Finance’s $105 million ESOP pool and new board appointments reflect its renewed momentum post-regulatory headwinds. With robust FY24 growth and strategic hires, the company appears poised for its next phase of expansion. 

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