Incwert Advisory · ESOP

Run your ESOP properly — from design to valuation

A platform for administering employee stock plans, built and supported by the advisory firm that designs and values them. Incwert is a Registered Valuer Entity with IBBI, with over two decades of experience valuing ESOPs for listed and unlisted companies.

Advisory and platform from one team — so the plan you design is the plan the system administers.

What we help you with

Incwert’s ESOP advisory covers the whole life of a plan, not only the moment it is created.

Plan design and structuring

Stock options, stock appreciation rights, phantom stock and warrants — designed around what the business is actually trying to achieve, with the documentation drafted alongside.

Review of existing plans

Whether the terms of granting, vesting, pricing and pool size still serve you, and what specifically should change if they do not.

Industry benchmarking

How your plan compares with the market you hire from, so grant sizes and terms can be defended to a board and to a candidate.

Implementation

Putting the plan in place, through a trust route or directly, including the mechanics most teams meet only once.

Regulatory and tax compliance

Company resolutions, statutory filings and the compliance obligations that follow a plan for as long as it exists.

Financial and valuation impact

What the terms you are considering will do to the balance sheet, before they are agreed rather than after.

ESOP valuation

Valuation reports for financial reporting and for tax on perquisites, from a Registered Valuer Entity with IBBI.

Platform selection and support

Identifying the right web-based ESOP platform for your situation — and running it with you once chosen.

What the platform does

Everything below is in the product today. Nothing here is a roadmap item.

A cap table that reconciles

Every grant, vest, exercise and lapse is an entry in an append-only ledger. Nothing is edited in place and nothing is silently deleted, so the numbers on screen can always be traced to the events that produced them.

Vesting that matches your plan

Any period, any cliff or none, monthly, quarterly or annual, with a separate commencement date where vesting was backdated. Allocation is exact — the tranches always sum to the grant.

Employee self-service

Each employee sees their own grants, vesting schedule and what is genuinely exercisable today — which is not the same figure as what has vested, and is shown as its own number.

Exercise workflow

An employee requests, management decides, and the decision is what moves the quantity. Requesting and approving are separate rights that no one person holds by default.

Documents and audit trail

Grant letters and plan documents held against the records they belong to, with an append-only audit trail written by the database itself rather than by the application.

Migration from your current system

Bring an existing plan across with its history intact. Historical vesting is imported exactly as it stands rather than recalculated, and nothing is imported until both Incwert and your team have approved the reconciliation.

Why Incwert

  • A Registered Valuer Entity with IBBI. Valuation is the firm’s core discipline, not an adjacent service.
  • Over two decades valuing ESOPs. Across companies in both the listed and unlisted space.
  • Chartered accountants, company secretaries and lawyers. The three disciplines an ESOP question usually needs at once.
  • Complex derivative modelling. Market-linked performance conditions, non-vesting conditions and relative TSR terms, modelled properly rather than approximated.
  • Mid-market specialists. Focused on the nuances and financial impact of the terms embedded in a plan.

Read more about Incwert’s ESOP advisory practice at incwert.com.

How it works

01

Talk to Incwert

We look at your plan, or design one, and agree what the platform needs to hold.

02

Company setup

Your entity, share capital and scheme terms, entered once and used everywhere a percentage appears.

03

Bring your data across

Employees, grants and vesting history imported and reconciled against what you believe you have.

04

Go live

Your team and your employees get access, with vesting running from that point forward.

Security

An ESOP register holds every employee’s compensation. The controls below are structural, not settings.

  • Each company’s data is isolated in the database itself, not by application code — enforced by PostgreSQL row-level security on every table.
  • Founder, HR and employee are distinct roles with distinct rights. An employee can reach their own records and no one else’s.
  • Multi-factor authentication is required for every privileged role, enforced by the platform rather than delegated to the identity provider.
  • Financial quantities are held as exact decimals. No monetary value or share count passes through floating-point arithmetic.
  • Equity transactions are append-only and hash-chained. A correction is recorded as a reversal, never as a quiet edit.

See it with your own plan

We will walk through the platform against your scheme, and tell you plainly what it does and does not do.