Parag Parikh Financial Advisory Services (PPFAS) may consider listing on the bourses in 2030, around five years from now, said Neil Parikh, the financial major's chief executive officer at the annual Unitholders' Meet, citing employee stock option (ESOP) timelines and tax considerations as key factors.

Parikh said the fund house has granted ESOPs to employees over the years, and the final batch will vest around 2029 to 2030. “The plan is that we probably are looking at a listing, but about five years from now, in 2030,” he said.

He noted that delaying the IPO would prevent a significant tax burden on staff. “Listing before that will be a very big tax out-go for the employee,” Parikh explained. As long as the company remains unlisted, employees are taxed on the book value of shares. “But

See Full Page