Offer Letter
Date:April 22, 2023,
To,
Virendra Kumar Yadav,
Subject: Offer of employment as Assistant Sales Manager atPoonawalla Housing Finance Limited
Greetings from Poonawalla Housing Finance Limited!
This is with reference to your application and subsequent discussions you had with us.
We are pleased to offer you an employment at Poonawalla Housing Finance Limited (Company) as Assistant
Sales Manager at Assistant Manager on the terms and conditions as stated below.
01. PLACE OF POSTING and tentative DATE OF JOINING
You will be posted at Sagar and date of joining will be on or before May 22, 2023 .
This position reports to MANAGER and/or any other person assigned by
the Company, from time to time. This letter sets forth certain terms and conditions of our employment proposal
and the detailed terms and conditions of your employment with the Company shall be governed by the contract
of employment (“Employment Contract”) which you shall be required to execute, at the time of your joining.
01. COMPENSATION
Total Cost to Company (CTC): 505590/- p.a. (INR per annum)
The tentative CTC break up is attached in Annexure A.
This email is not meant to create, and should not be construed, as a contract of employment. If you
accept this offer of employment, the Company, will enter an Employment Contract on the date of your
joining. Probationary period will be for 3 months from the date of joining, details of which will are
described in the Employment Contract.
Your principal place of work will be at Sagar. However, the Company shall have the right, at its sole
discretion, to transfer you to any of its now existing or any future (i) office(s), and, or (ii) branch(es), and,
or (iii) business vertical(s) and, or (iv) affiliates.
Your compensation and all other payments received by you would be subject to deduction of Provident
Fund, Profession Tax and any other prevailing taxes as applicable.
You will also be eligible for annual leaves and holidays as per applicable laws and in accordance with the
prevailing rules and policies of the Company.
Should the terms of the offer be acceptable, please respond to the undersigned within 3 days by signing
and returning a copy of this letter (electronic form acceptable). This letter supersedes all previous oral
and written agreements and understandings. This offer shall automatically stand withdrawn if we do not
receive your acceptance within 3 days.
Your joining is subject to and verification of your pre onboarding documents to the satisfaction of the
Company. You agree and consent to the Company to undertake a background check (either by itself or
through third party agencies) and using and storing your personal information or sensitive data, for the
purpose of your potential employment with the Company. You agree that your employment with the
Company is contingent upon a satisfactory background check as well as verification of your previous
employment and salary history and/or any other details, in accordance with applicable laws.
Following Scanned copies are required to be submitted -
1. -Self Attested Educational Documents (SSC, HSC, Graduation, Post-Graduation, any other)
2. -Self Attested latest appointment letter, and last 3 months salary slips
3. -Last 6 Months Bank Statement (which shows credit of salary received)
4. -Self Attested Aadhaar Card
5. -Self Attested PAN Card
6. -Scan copy of Passport size photo (.jpg or .jpeg format)
You are also advised to share the copy of the Resignation Letter within five days of acceptance hereof
and subsequently share with us the copy of resignation acceptance letter issued to you by your present
employer.
On your first day of employment, you will need to submit the documents / details as set out in the
attachment of this mail and present them to the HR contact.
Documents Required
Employment Contract Executed copy of the Employment Contract.
Educational Mark sheets and Self-attested copies of all mark Sheet/certificate 10th,12th,Graduation, Post-
Passing Certificates Graduation (if applicable).
Relieving Letter* Photocopy of relieving letter of your previous employer.
Printout of Official Mail/ Hard copy wherein the Last Working Date has been
Resignation Acceptance clearly confirmed/ accepted by the Reporting Authority/ HR. This document
should contain the Company Stamp/ Seal along with the signature of the
Reporting authority/ HR.
Date of Birth Proof Self-attested Birth Certificate/ Passport/ School/ College Leaving mentioning
DOB.
PAN Card Self-attested clear copy of PAN. If the same has been applied for, please provide
the acknowledgement copy of the application.
Aadhaar Card Self-attested clear copy of AADHAR Card. If the same has been applied for,
please provide the acknowledgement copy of the application.
Current Address Proof Rent Agreement/ Index II / Electricity Bill.
Recent Photographs Three Recent passport size Photographs.
Blood Group Details Blood Group should be mentioned in the Joining Form.
*You shall provide your relieving letter within 45 days of your date of joining
We look forward to a mutually rewarding and a long-term association with you.
Should you have any questions, please do not hesitate to contact HR.
Yours sincerely
For, Poonawalla Housing Finance Limited I Accept
Ashish Singhania Virendra Kumar Yadav
Head - Human Resources
Annexure A
Compensation Break-up sheet
(Strictly Confidential)
Particulars Annualized Amount (in INR per annum)
Basic Salary 154236
House Rent Allowance 61692
Special Allowance 109794
Provident Fund 21600
Gratuity* 7416
Statutory Bonus Pay 30852
Employee State Insurance 0
Total Fixed Pay (TFP) 385590
Mobile And Conveyance$ 0
Monthly Variable# 120000
Quarterly Variable# 0
Annual Performance Bonus# 0
Total Variable# 120000
TOTAL CTC 505590
#Subject to maintaining minimum standard of performance and as per applicable company policy.
$This is subject to individual performance as per agreed parameters and targets.
*Gratuity is payable as per the Payment of Gratuity Act, 1972.
Performance based components are shown in annualized figures.
The compensation is subject to review in accordance with the Company’s policy and will depend upon your
performance. Your performance shall be in the line with the Company’s performance year (1st April to 31st
March)
