Coimbatore: In a remarkable move, a Coimbatore IT company 14 crore bonuses have been distributed among its employees, demonstrating a strong commitment to employee welfare and shared success. The company, Kovai.co, allocated ₹14 crore in cash bonuses under its ‘Together We Grow’ initiative to reward its long-term employees for their dedication and contributions to the organization’s growth.
Kovai.co, a SaaS (Software-as-a-Service) firm with operations in London and Chennai, announced that this initiative benefits employees who have been with the company for at least three years. The first set of 80 eligible employees received their share of the Coimbatore IT company 14 crore bonuses in their January salaries, providing them with significant financial support.
CEO Saravana Kumar emphasized that employees are the backbone of any organization, and their efforts should be rewarded accordingly. He explained that the company initially considered distributing stocks but opted for direct cash incentives to offer more immediate value to employees. “Instead of paper money, we wanted to ensure our employees could use the money for personal needs such as housing, loans, or investments,” he said.
One of the employees expressed immense gratitude, stating, “Receiving such a generous bonus is a pleasant surprise. It is rare for companies to offer such significant incentives, and this makes us even more motivated to contribute to Kovai.co’s growth.”
With this initiative, Coimbatore IT company 14 crore bonuses set an example for the industry, showcasing how rewarding employees can lead to higher motivation and long-term retention. Kovai.co, known for products like BizTalk360, Document360, and Turbo360, serves over 2,500 clients globally and continues to expand its market presence.
By investing in employee satisfaction and financial well-being, the initiative reinforces the company’s reputation as an industry leader in employee welfare. Kovai.co’s approach reflects a progressive corporate culture, prioritizing shared prosperity and strengthening workforce morale.
