IPO-bound Boat faces rising attrition on road to listing

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IPO-bound consumer electronics maker Boat reported an attrition rate of 34% among its full-time employees for the financial year ended March 31, a rise from 28% in the previous year.

The company’s attrition has been on the rise since FY23, with 107 employees leaving that year, followed by 132 in FY24 and 161 in FY25. The first quarter of FY26 saw 31 employees exit the company in just three months, as per its updated draft red herring prospectus (UDRHP) filed with the market regulator.

“Competition for senior management and other key personnel with…



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IPO-bound Boat faces rising attrition on road to listing



IPO-bound consumer electronics maker Boat reported an attrition rate of 34% among its full-time employees for the financial year ended March 31, a rise from 28% in the previous year.

The company’s attrition has been on the rise since FY23, with 107 employees leaving that year, followed by 132 in FY24 and 161 in FY25. The first quarter of FY26 saw 31 employees exit the company in just three months, as per its updated draft red herring prospectus (UDRHP) filed with the market regulator.

“Competition for senior management and other key personnel with…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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