15/02/2022

Mr. Aashish Varshney

33/4, Dwarka Enclave,

Govardhan Chauraha, Mathura
Uttar Pradesh- 281004

Subject: Offer cum appointment letter

Dear Aashish,

Congratulations!

We are pleased to offer you an employment at the post of “Senior Software Engineer” in our
company MothersonSumi INfotech & Designs Ltd.

Once you are part of the team, the Company will initially provide a period of indoctrination training
to familiarize you with the Company’s procedures and processes.

1. We offer you this employment on the following terms and conditions:

a) Date of Joining: 17 February, 2022 or earlier, except if otherwise extended by the Company
and communicated to you in writing.

Please submit all the documents mentioned in Annexure A at the time of joining.

On the day of joining, please come to the work location Noida at 09.00 AM. Your joining would be
subject to successful completion and compliance with the pre-joining requirements as applicable.

Human Resources department will be very happy to walk you through our facility, familiarizing
you with our work culture, guide you through our work environment and introduce you to your
team.

b) Probation Period: You will be on a probation of 12 Months from date of joining, your
services shall confirmed post completion of 12 months. At the discretion of the Company,
the probation period may be extended, if it is found that the services provided by you are
not satisfactory.

c) Location: You will be based at Noida. However, depending upon the company’s
requirements, you may be required to travel and/ or be posted temporarily or permanently
at other offices/ locations.

d) Remuneration: Your Annual Cost to Company shall be INR 12,50,000, subject to applicable
statutory deductions. A detailed break up of your salary structure is provided in Annexure B.

e) Working Hours: You may be required to work as per the project requirement however you
may also be required to operate outside normal working days as necessary or in shifts as
company operates in 24x7 shifts, to perform your duties and responsibilities. The salary
 payable to you hereunder is an adequate compensation in case you are required to work for
any additional hours, and you shall not be entitled to any additional payment in this regard.
You will be entitled to a paid leaves annually as per the prevalent policies of the Company.

2. Background Verification: As part of our process, we will conduct a reference check and
antecedent verification of your academic and professional records, and all the data or
information produced by you before and during the interview process. If it is found at any time
that any information furnished by you to the Company is incorrect or false or if you are found to
have will-fully suppressed or concealed any material information, the Company will have the
right to withdraw the offer and you will be liable to removal from the services without any
notice and compensation in lieu thereof.

3. Notice Period/Separation: Your employment with the company can be terminated either by the
company or you by giving the other party 90 days advance notice. If the company terminates the
employment and decides to relieve you before the completion of notice period, the “Basic”
component of the salary for the balance notice period would be paid to you by adjusting the amount
payable by you to the company. For the avoidance of doubt, all amounts payable by you to the
company would need to be cleared forthwith in the event of such termination.

If on your request, the Company agrees to relieve you before serving the full notice period, you
will be liable to pay to the Company the “Basic” component of the salary for the balance serving
notice period along with other amount payable by you to the Company, If any. However, please
note that accepting any such early relieving request would be entirely at the discretion of the
company.

4. Increments & Promotions: Your growth in terms of role, compensation etc., in the company will
be based on your performance. Your salary will be subject to annual salary review. Salary
adjustments effected the salary review takes into consideration your job performance,
movement of remuneration levels, benefits and conditions.

5. Agreements: You may be required to sign necessary agreements with the company or any other
client as required and complete various formalities as per agreements at the time of joining and
during the tenure with the company.
You may also be required to sign other Agreements with the Company, as the Company may decide
from time to time, in order to secure the interest of the Company and also to ensure your
performance and adherence to all terms, conditions, rules and regulations of the Company.

6. Deputation/Transfer: Company may also depute you to work with any of the Group Companies
or transfer your service to any Group Company. On such transfer of your employment, the
present terms and conditions will cease and the employment will be governed by the terms of
employment of the Company you are transferred to. However, you shall be entitled to
continuity of Service.

7. Retirement: The age of retirement is 58 years or earlier in case you are found physically/mentally
unfit to work any longer or for continued ill health as certified by the medical officer/medical
practitioner nominated by the Company. The Company, however, reserves the right to retain
 services of a superannuated employee without prejudice to its right to ask him to retire at any
time after reaching the age of retirement.

8. Other Benefits: You shall be eligible for other benefits related to leaves, perquisites etc. in
accordance with the prevailing terms of employment in the Company. Notwithstanding the
above, the Company reserves the right to change the above-mentioned benefits as and when it
deems necessary, and you will be notified accordingly.

9. IP, Copyright, Inventions and Patents: All inventions, discoveries, improvements, copyrightable
material, trademarks, ideas & concepts and other intellectual property rights that you may make or
conceive, either solely or jointly with others, during the period of your employment, shall be
deemed to be sole property of the Company and you hereby waive any and all rights, title or
interest, if any, in the same in favour of the company. Further, it shall be your duty to promptly
reduce to writing and disclose to the Company all such inventions, discoveries, improvements
copyrightable material, trademarks, idea & concepts and other intellectual property rights, which
you may make or conceive. You agree to, at all times, assist the company in every proper and
possible way to patent or register the said ideas, concepts, inventions, discoveries, improvements,
copyrightable material and/or trademarks in any and all countries and to vest the title thereto in the
company, its successors, assigns and nominees. Your obligations under this clause shall survive
expiration or termination of your employment with the Company.

10. Data Protection:

a) The Employee consents to the holding & processing of personal data provided to the
Company for all purposes of the administration and management of his/her employment
and/or the Company’s business.
b) The Employee hereby agrees to his/her personal data being collected & the same being
transferred, stored and processed by the Company in India and other countries where the
Company, its Group Company and Company Clients have offices, in accordance with the
applicable laws.
c) The Employee also agrees that the Company may make such data available to its advisors,
other agencies such as pension providers, medical, insurance providers, payroll
administrators, background verification agencies and various regulatory authorities.
d) During employment, the employee will have the right to amend/modify/alter his/her
personal information. The employer will exercise all reasonable diligence for safeguarding
personal information, as have been disclosed by employee. It is clarified that the said
obligation will not be applicable in case of legally compelled disclosures.
e) The Employee further acknowledges and agrees that the Company may, in the course of
business, be required to disclose personal data relating to him/her, after the end of his/her
employment to any group/statutory bodies/authorities as required under applicable
law/requirements.

11. Confidentiality: The contents of this Offer Letter are strictly confidential to the Company and the
Company treats the contents of this Offer Letter as its confidential information. Irrespective of
whether or not you accept this offer, you shall at all times maintain absolute confidentiality of the
content of this offer as well as any information which was disclosed to you pursuant to your
discussions with the Company. Any disclosure of the contents of this offer to any third-party will
 be construed as a serious breach and the Company may initiate appropriate legal action against
you.

12. Exclusivity of Service: You agree not to undertake employment whether full time or part time,
as the Director/Partner/member/employee of any other organization or entity engaged in any
form of business activity without the consent of “MothersonSumi Infotech & Design Ltd.”. The
consent may be given subject to any terms and conditions that the Company may think fit and
may be withdrawn at the discretion of the Company.

13. Code of Conduct: Your appointment with the company is subject to you agreeing to abide by
the Code of Conduct and other relevant policies and procedures of the Company, as amended
from time to time at the sole discretion of the Company. In this regard the Anti-Fraud policy of
the Company prescribes minimum standards and requirements that the Company and all its
staff must adopt, in order to implement an effective fraud risk management framework, in-line
with the regulatory directives and the Company’s risk appetite. This policy shall be read in
conjunction with other relevant and applicable Company policies.

14. Changes in Terms & Conditions: The company reserves the right to make reasonable changes
to any of terms and conditions of employment. If the Company changes any of the terms and
conditions of your employment, it will notify you in writing of the changes taking effect.
In case of any dispute as to the interpretation of the terms and conditions of your service, the
decision of the Company shall be final and biding on you.

15. All other terms and conditions of your employment will be specified on your joining day.

To accept the terms of this offer, you must communicate your acceptance on or before the
acceptance deadline of five (5) days following the date of this letter, failing which this offer letter
stands automatically revoked.

We are eager to welcome you to the family!

Yours truly,

For MothersonSumi INfotech & Designs Limited

Rachna Srivastava

HEAD - HUMAN RESOURCES

 Annexure A
LIST OF DOCUMENTS

1. PAN & AADHAR Card (Mandatory)

2. Identity Proof: (Any one)

a) Passport
b) AADHAR Card
c) Driving License

3. Current and Permanent Address Proof – (Any One)

a) Electricity bill
b) Telephone bills
c) Corporation tax receipt

4. Educational Information: All documents

a) 10th mark sheet & certificate
b) 12th mark sheet & certificate
c) Graduation (if applicable): Semester (if applicable): Semester wise mark sheets or a
consolidated mark sheet and Certificate (Passing Certificate / Convocation Certificate /
Provisional Passing Certificate)
d) Post -graduation (if applicable): Semester wise mark sheets or a consolidated mark sheet
and Certificate (Passing Certificate / Convocation Certificate / Provisional Passing
Certificate)

5. Professional Information: (as applicable)

a) Previous employment Appointment letter
b) Previous employment Relieving Letter/Experience Certificate / Service Certificate from
all previous employers (if applicable)
c) Resignation Acceptance Letter / Email / Relieving Letter / Experience Certificate from
current employer (if not currently available, it is mandatory to submit the same on the
date of Joining)
d) Last three (3) months salary slip/salary certificate/salary account bank statement

6. Four (4) passport size photograph

ANNEXURE CONFIDENTIAL

Allowances & perquisites details - Mr. Aashish Varshney

Structure Monthly (INR) Annual (INR)

Basic Pay 15,042 180,504
House Rent Allowance (HRA) 3,021 36,252
Conveyance Allowance 1,600 19,200
Uniform Allowance 1,000 12,000
Medical Allowance 1,250 15,000
Special Allowance 1,296 15,552
*Leave Travel Allowance/Assistance 2,169 26,028
Project Allowance 1,208 14,496
**Maintenance Allowance - -
Sub Total (A) 26,586 319,032

*Bonus/Exgratia 2,169 26,031

*Variable Bonus 1,333 15,996
Sub Total (B) 3,502 42,027

Retiral Benefits
Contributory Provident Fund (as per provisions of Act) 3,125 37,500
Gratuity (Payable as per Gratuity Act) 1,252 15,024
Sub Total (C ) 4,377 52,524
Gross Salary (D) 0 0
Benefits
Insurance - Mediclaim/ Group / EDLI 702 8,418
Sub Total (E) 702 8,418
Annual CTC 8,581 102,972
In hand before tax 35,167 422,004
Remarks
Subsidized Food Rs.7973/- p.a.
Rs.400000/- (4
Mediclaim Insurance (as per company policy)
members)
Group Term Insurance RS. 500000
Group Personal Accident Insurance RS.3750000
EDLI Insurance Rs. 702000