Zoho Powers India’s Government Email Migration; Zomato Parent Rolls Out Fresh ESOPs
India’s Email Migration To Zoho
The Ministry of Electronics and Information Technology (MeitY) confirmed that over 16.68 lakh government email accounts have been migrated to Zoho’s cloud platform. The project, executed through the National Informatics Centre (NIC), cost ₹180.10 crore and was awarded to Zoho via a Government e-Marketplace bidding process. This marks a significant step toward digital sovereignty and modernization of India’s communication systems.
Zomato Parent’s ESOP Strategy
Eternal Limited, the parent company of Zomato, has rolled out fresh employee stock options (ESOPs) covering 74.18 lakh equity shares. Valued at approximately ₹167 crore based on the current share price of ₹224.7, the ESOPs span across three schemes—Foodie Bay ESOP 2014, Zomato ESOP 2021, and Zomato ESOP 2024. This move continues Eternal’s long-term strategy of using equity incentives to retain talent and reward employees.
Key Highlights
* India migrates 16.68 lakh government email accounts to Zoho cloud
* Project cost ₹180.10 crore, executed via NIC and GeM bidding process
* Zoho selected as Master System Integrator for secure communication
* Eternal Limited grants 74.18 lakh ESOPs worth ₹167 crore
* ESOPs distributed across three schemes, reinforcing equity-linked compensation
Sources: ET Government, Channel IAM, YourStory, Entrackr
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