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Quasar Media now has at least 7 Crorepati employees thanks to ESOPs

At least seven people of Quasar Media made about Rs 1 crore each through ESOPs (Employees Stock Option Plan) in November 2007, when WPP acquired a majority (75 per cent) stake in Quasar, reports VentureWoods. Quasar Media, Delhi-based online interactive agency, was founded in March 2005.

At least seven people of Quasar Media made about Rs 1 crore each through ESOPs (Employees Stock Option Plan) in November 2007, when WPP acquired a majority (75 per cent) stake in Quasar, reports VentureWoods. Quasar Media, Delhi-based online interactive agency, was founded in March 2005.

The list of Quasar Crorepatis includes Richa Burman (creative director), Vijay Singh (director finance), Gopikaa Davar (associate director), Deven Dharamdasani (business director), Sandeep Singh (business director), Manish Sinha (vice president – projects) and Piyush Rathi (business director). Out of these Richa Burman, Vijay Singh, Gopikaa Davar and Deven Dharamdasani had joined Quasar Media from Studio Smile, the parent company of Quasar.

“These are the directors of the company. Basically, these are the people who joined Studio Smile and Quasar Media at early stage and were forces in the success of Quasar,” Manish Vij, co-founder and chief business officer, Smile Interactive Technology Group, has said.

When asked if there are more people at Quasar who have made similar gains, Manish Vij replied, “There could be more in other Smile Group of companies but not in Quasar… The list does not include the founders’ name.

“It is basically a Smile incubation success story. The whole story is about how people can get benefitted by joining a startup at the early stage. Startups are still a kind of taboo for a lot of people. So this story should encourage people to believe in early stage startup teams and be a force in their success,” Manish Vij has told AlooTechie.

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