All India- Flomic Global Logistics Ltd., a prominent player in the logistics sector for 38 years, announced the implementation of a significant Employee Stock Ownership Plan (ESOP), allocating 7% of its equity pool to its workforce. The measure signals a strategic shift in the company’s operating structure, intended to empower personnel and move beyond a conventional employer-employee arrangement.
Lancy Barboza, Chairman and Managing Director, confirmed the decision, stating the aim was to give employees “a voice” and a genuine “ownership culture.” The company expects that personnel who adopt an owner’s mindset will demonstrate deeper commitment, leading to increased innovation and greater organisational momentum.
The ESOP is tied directly to Flomic’s core strategic roadmap. It will underpin efforts in Digital Transformation, drive an entrepreneurial approach essential for successful Global Expansion, and enhance operational accountability to secure Margin Improvement. Management believes that once the company’s strategy becomes the personal priority of every employee, execution efficiency will emerge as a key competitive advantage.
Addressing the need to secure high-calibre personnel, Barboza positioned the ESOP as a vital recruitment incentive. He emphasised that for skilled professionals, joining Flomic now offers the prospect of building real equity value alongside career stability. The message is simple: “Don’t just work for us, build with us.”
Furthermore, the MD clarified the financial strategy, stating he views the share allocation not as dilution, but as “value creation multiplied.” The ESOP is structured to ensure that the long-term capital generated by the employee-owners will substantially outweigh the technical dilution, thereby reinforcing overall shareholder value. The company will monitor the scheme’s performance over a five to seven year period, focusing on a rise in share value, stronger talent retention, and improved standing among global logistics firms. Success will be determined by a workforce that ultimately operates with the action and thinking of an entrepreneur, added Barboza.
