PB Fintech, the parent company of online insurance marketplace PolicyBazaar and lending platform Paisabazaar, has announced a significant grant of Employee Stock Options (ESOPs) worth approximately Rs 644 crore (around $72 million) to its eligible employees.
The company’s Nomination and Remuneration Committee approved the grant of 35.11 lakh (3.51 million) stock options under its ESOP 2024 plan. Each option is convertible into one equity share with an exercise price of approximately Rs 1,589.67, reflecting a 10 per cent discount to the 90-day volume-weighted average price preceding the grant. The options will vest over a period of up to eight years, contingent on the Volume Weighted Average Price (VWAP) on the vesting date reaching at least 150 per cent of the VWAP prior to the grant.
The ESOP programme aims to retain talent and align employee interests with the long-term value creation and success of PB Fintech. The valuation of Rs 644 crore is based on the company’s current share price of around Rs 1,835 per share at the time of announcement.
In addition to the ESOP grant, PB Fintech has announced other strategic developments. Its wholly-owned subsidiary, PB Pay Private Limited, has received in-principle approval from the Reserve Bank of India to operate as an online payment aggregator under the Payment and Settlement Systems Act, 2007, marking a major step into digital payments and financial services.
The company’s board has also approved a capital infusion of Rs 696 crore (approximately $80 million) into PB Healthcare Services Pvt Ltd, a subsidiary focused on healthcare, to accelerate growth and strengthen operations.
PB Fintech’s recent moves come amid robust financial performance. In the second quarter of FY26, revenue from operations grew 20 per cent to Rs 1,613 crore, while net profit surged 2.6 times to Rs 135 crore compared to the same period in the previous fiscal year.
With the ESOP grant, new regulatory approvals, and strategic investments, PB Fintech is reinforcing its core business, expanding into allied financial services, and ensuring long-term employee commitment to support its growth trajectory.
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