PayTm
Services
August 1, 2020
Hariharan
Location: Coimbatore
Dear Hariharan.
Sub:Provisional Offer letter(hereinfter"Offer Letter") for the position ofSales
Executive
Kindly refer to your job application with Balance Technology Private Limited hereinafter
Paytm Services" or "Company"), we are happy to ofer you the position of Sales Executive
in Grade- SG01A in our Company on the following terms and conditions:
1. Your Total Fixed CTC is Rs. 227004/- per annum (encl. annexure A). This is the
total cost to Company and all necessary taxes will be deducted at source along with
all statutory deductions. If you are covered under the Provident Fund Scheme, then
the employer contribution to the provident fund shall be met out of the above said
salary.
2. Performance Linked Incentive (PLI) is completely based on performance and sales
target achieved by employees and reimbursement can also be provided to you.
These are awards which may be withdrawn anytime upon Company's discretion.
3 You will be governed by the Company's Personnel Policy, Code of Conduct, Non
Disclosure Agreement and all other Company policies as applicable to you from time
to time.
4 You will be expected to join duty on (August 2, 2020)the Business hours begins from
9.30 A.M. onwards. You are requested to meet (Azhaguraja) (Reporting Manager
HR), Contact No. (9003533601) for your joining formalities. In case of any issue/
further concern, please contact on 0120 4789536 or write to
offer@paytmservices.com for assistance.
5. You shall be initially deputed at () The Company may at its sole discretion, change
your job role & job location intimating to you in advance based on business
requirement.
6 The company observes a 6 day work week and you should inform your non
availability in advance. Any absence for consecutive 3 days without prior approval
will be treated as un-authorized absence from the work and Company has the right
to terminate your engagement and take necessary legal action against you.
7. During your period of engagement with the Company, we do not allow any direct or
indirect association by you with
any other company/person/entity whatsoever, such
as agent, consultant and other business association under Dual employment policy
and code of conduct. In case of any breach company has right to take disciplinary
action including legal/police action.
8. The Company does not promote and hire relatives in the Company, members of a
personal immediate family (defined as parents, children, spouse and siblings and
other relatives) however such cases can be considered as case to case basis at
times with certain condition and prior approval.
-S121 5ector 5. Noda 201301 India
Paytm Services Prvate imited Cor porate Office
9 1 120 4770770 F-SI 120 4770771 aN:U7411OKA2016PTCO94535
(Formerly known as Balance Technology Private Linited)
Registered Office - Ground Floor, Essae viashnavi Summit, 6/B 7" Main.
E0 Feet Road, 3 Block, I n d ustrial Layout, Koramangala, Banglore - 560034
Paytm
Services
9. In additions to the terms contained herein, your relationship with Paytm Services
may be subject to such other additional tems and condition as may be
communicated to you time to time by Paytm Services.
10. This offer is subject to successful clearance of your background check which
Company may do pre or post your joining and in case of any negative report the
Company may take any necessary action which may also lead to termination.
11. This is a fixed term employment agreement between you and the Company. This
one year employment agreement may be considered for an extension at the sole
discretion of the Company.
12. A detailed brief on KRAs and scope of work will be given to you on joining.
13. You shall be on probation for a period of six (6) months. During this period, your
performance shall be subject to review. In case your performance is not considered
satisfactory, the probation could be extended for such duration as determined by the
management. During or at the end of the probation period, management shall have
the right dispense with your services without any notice or assigning any reason
to
thereof and without paying any compensation or separation benefits thereof.
14. Notwithstanding any of the clauses of this letter, the management reserves the right
to terminate this engagement without giving any notice or assigning any reasons
whatsoever during your probation period. You will be at liberty to resign from the
services during probation period after giving 15 Days' notice in writing or subject to
written approval from HR department on payment of equivalent salary. After
confimation in writing successful completion of your probation period,
management reserves the right to terminate this engagement after giving you 1
month notice or salary in lieu thereof without assigning any reason thereof. Similarly,
you will be at liberty to resign from the services after giving 1 month notice in writing
or subject to written approval from HR department on payment of equivalent salary
to
the organization in lieu thereof for the un-expired period of notice. During your
notice period you shall not take any leave whether due to you or not without prior
sanction. Any request for relieving from work before completion of notice period,
would be subject to availability of alternate resource for taking proper handover of
the work from you. Any unprofessional behavior or lackadaisical attitude during
notice period will result in termination of your services.
15. Notwithstanding the preceding dause, your engagement may be teminated for
cause' at any time without any notice. For the purpose of this agreement termination
for cause' includes, but is not limited to, any of the following: (i) theft (i) falsification
of time or other employment records (ii) dishonest act(s) (v) negligence (v)
incompetence (vi) insubordination (vi) failure of follow work rules and policies (vii)
excessive absenteeism or tardiness (ix) disloyalty (x) lack of clients, work or
business.
16. A detailed engagement letter will be issued to you on your joining and your terms of
the engagement with the Company shall be detailed out in such engagement letter.
17. Please confim your acceptance of this Offer Letter by email within the next two
working days, failing which this offer will automatically stand withdrawn.
Paytm Services Priv ate irnited Cor porate otice-bI1>ettar s, Noit2 < O 1 D I d 3
(Formerly known as Balance Technoogy Private Limited) 1 120 4770770 F:-91 120 4770771 CIN: U 74110KAz016PTCO94535
Regstered office -oround Floor, Essae Viashnavi Summit, 6/6 7 Main,
8O Feet R cad, 3 d Biock, Industríal Layout, K o r a m a n g a l a , Banglore - 560034
Payim
Services
18. Within three days of accepting our offer you are required to send us the copy of your
resignation letter duly accepted by your current organization failing which company
reserves its right to withdraw this offer letter. This letter has been issued to you on
the understanding that there is nothing in your past record which should have
prevented our Company to offer you this employment contract. If, however, it is
found that your past record is objectionable or if you have willfully suppressed any
material, infomation or if any declaration given by you to the Company is false, in
Such a case, then this Offer Letter may be withdrawn by the Company without any
notice or compensation in lieu thereof.
19. You are requested to carry the following documents in original at the time of joining
for verification and a copy of the same for submission.
a. High School and Senior Secondary Certificates and Mark sheets
b. Graduation/ Post Graduation certificate(s) along with mark sheets
C. Experience certificate and salary slip from last employer
Blood Group.
e. Relieving certificate from last employer.
f. 3 Passport Size Photographs.
9. Form 16 from last employer.
h. Photo ldentity Proof.
i. PAN Number.
i.AadhaarCard
20. Your employment and salary processing is subject to timely submission, validation
and completion of joining forms/ documents/ proofs and background verification
clearance.
21. We as a Company do not charge any fee/amount for hiring and also do not ask any
agency engaged by us for the same.
22. Without Prejudice, please note that the Company reserves its right to withdraw this
offer made to you before receipt of your acceptance of the same, without providing9
any reason to you.
23. It is your responsibility to communicate in writing to Company about any changes in
your following mode of communications, as and when required.
a. Contact Number/Mobile Number.
b. Residential Address.
C. Personal E-mail ID
24. The courts at New Delhi shall have sole and exclusive jurisdiction over any disputes
arising under this Offer Letter.
Your employment agreement at Paytm Services will be subject to ratification of the above.
We look forward to welcoming you aboard the Paytm Services team.
Best regards,
Human Resources
Balance Technology Private Limited
Cor parate Office - 521 Sector 5 N a d a 2 0 1 3 0 1 , India
Paym s e v e s Private uni ted
(Farmery known as Batance TechnologY PÁvate Limited) T-91 120 4770770 F-91 120 770771 CIN: U74l10KAZ01 6PTCo9453S
Registered office - G r o u n d Floor, E s s a e V i a s h n a v i S u m m i t . 6 / 5 7 " Man
g o F e e t Road, 3 Blotk. ' n d ustrlal L a y o u t , K o r a m a n g a l a , B a n g l o r e - 56ü034
Payim
Services
AnnexureA
Components Monthly Annual
Basic 9000 108000
HRA 4500 54000
Spl Allowance 804 9648
Statutory Bonus 2300 27600
Gross 16604 199248
PT(If Applicable)
PF (Employer 12%) 1452 17424
PF(Employer 1%) 121 1452
Insurance 200 2400
ESIC (Employer) 540 6480
Monthly CTC 18917 227004
Variable
Performance Linked Incentive (PLI)* 15000 180000
Total CTC (Including Variable) 33917 407004
Medical Insurance premium rate is subject to change
Employee contribution for PF & ESIC shall also be deducted from your Gross salary only
Performance Linked Incentives (PL): PLI ill be subject to the sales target Vs achievements by employee's.
This will be paid on monthly basis.
Co frot ate O f f l c e 0 ! 2 1 Sector s o 2O1 01 india
PeRnsvias Prvar turrd d
( o ( y bnown 2s be lo nue Techna kngy Pnvatr Lirmte d) c 7 oryo I 120 477077I CIN 7al1Oralo16PT CCeis 35
Registed Oftke Orouna Fiaor t stae Viashnavi Summut
- t/t7 Man
BO Peet Road Bock, industrial Layout, Kor amanuaia. Bangiore 6UU
