Devsinc, a leading IT and ITeS firm, has introduced their Employee Stock Ownership Plan (ESOP), offering company shares to employees across the board.
As evidence of Devsinc’s long-term commitment to value creation and employee empowerment, the initiative is to strengthen employee retention, foster a founder-like mindset, and align individual success with company growth. Under the arrangement, employees will earn their company shares gradually over four years, starting after they complete one full year. They will also have the option to sell back or exchange their shares later. Devsinc shared that distribution will follow a performance and tenure-based formula, similar to international ESOP models.
Usman Asif, CEO Devsinc, stated this to be a remarkable move towards the idea of progressing together; “We want each of us to take the ownership as stakeholders, and commit to progress and prosperity for all.” He said, “Equity is not just a reward; it is a commitment to the bigger picture.”
This move reflects a growing trend in Pakistan’s tech industry, where companies are exploring innovative incentive structures to compete with global job offers and retain top talent. As startups evolve into more mature enterprises, employee ownership is emerging as a key differentiator.
About Devsinc
Devsinc is a premier full-stack technology partner delivering enterprise-grade software solutions through 15+ years of expertise in AI, cloud, and data modernization. With 3000+ projects for 250+ global clients, our 1200+ engineers empower Fortune 500s and high-growth startups alike, driving digital transformation through innovation, scalability, and domain expertise.
Our global footprint spans strategic offices in the UAE, UK, US, and KSA, complemented by delivery centers across three continents. We combine institutional-grade security with cutting-edge agility to build adaptive digital ecosystems. Specializing in turnkey transformation, we future-proof operations and unlock exponential value through technology-led innovation.
