HRD/MML/O/8487/24

19 March 2024

Mr. Prasanth G S
No 3-115,vandikudieruppu,Thengamuthur,Agasteeswaram,KK Dist.
Nagercoil
Tamil Nadu- 629601

Dear Prasanth G S,

It gives us pleasure in offering you a position with the Muthoot Microfin Limited. This offer is in pursuance
with the discussions we had with you recently.

Terms & Conditions

1. Job Title:

You will be designated as Branch Credit Manager-Credit Risk

2. Reporting:

You will be reporting to the Area Credit Manager-Credit Risk

3. Location

Your first posting will be at Agastheeswaram

4. Remuneration:

Your Annual Total Employment Cost to the Company would be 242424.00/- (Two Lakh Forty Two
Thousand Four Hundred Twenty Four Only) the details of which are been given in the Annexure
attached

5. Job Description:

Your duties and responsibilities will be given separately

6. Posting/Transfer:

Even though your first posting will be at Agastheeswaram during the course of the service, you shall
be liable to be posted / transferred anywhere to serve any of the Company's Projects or any
other establishment in India or outside, at the sole discretion of the Management.
7. Probation/Confirmation:

Page 1 of 4
 You will be on Probation for a period of 12 months. Your performance will be evaluated after the
completion of probation period. Your services will be confirmed with the company in writing,
strictly on the basis of your performance during the probation period

8. Notice Period:

In case you decide to leave the company’s services , you will be required to give 90 days’ notice . The
company in its sole discretion can decide to waive off/reduce the notice period depending
upon the exigencies. In such case, you would be required to pay to the company the gross salary for
the notice period so reduced/waived off.

9. Medical Fitness:

Your offer is subject to your being found medically fit for employment.

10. Information:

This Offer Letter is being issued to you on the basis of the information and particulars furnished
by you in your application (including bio- data), at the time of your interview and subsequent
discussions. If it transpires that you have made a false statement (or have not disclosed a material fact)
resulting in your being offered this position, the Management may take such action as it deems
fit in its sole discretion, including termination of your employment.

11. Responsibility:

With acceptance of this letter, you are undertaking the following responsibilities

i. You will abide by the rules and regulations/Certified Standing Orders of the Company as may
be in force from time to time

ii. During your services with the Company, you will not undertake any other business or
work, direct or indirect, honorary or with remuneration except with the written
permission from the Management.

iii. You will not during your services with us or any time, thereafter disclose to any
persons, firm or Company, information regarding the Company, the disclosure of which
may damage the interest of the Company.

12. You are advised to join us latest by: 23 March 2024

You are required to sign and submit a copy of this letter as a token of your acceptance of our terms
and conditions along with the following documents (if not submitted already) within 2 days from the
date of this offer failing which the offer will stand void.

 Copy of educational qualification (self-attested)

 Police Verification Certificate on or before 30 days of joining
 KYC - Self attested
 Copy of Relieving letter from the present Employer
Employees who are leaving the service without intimation to the company within 30 days from the
date of joining shall be not eligible for any benefits as an employee and the company has the right to
Page 2 of 4
 recover the loss incurred with regard to the appointment and his service.

13. Confidentiality

You acknowledges that in the course of performing services, you will obtain knowledge of the
business plans, products, processes, software, know-how, trade secrets, formulas, methods, models,
prototypes, discoveries, inventions, improvements, disclosures, names and positions of other
employees and/or other proprietary and/or confidential information (collectively the Confidential
Information). You agree to keep the Confidential Information secret and confidential and not to
publish, disclose or divulge to any other party, and agree not to use any of the Confidential
Information for your own benefit or to the detriment without the prior written consent, whether or
not such Confidential Information was discovered or developed by you. You also agree not to
divulge, publish or use any proprietary and/or confidential information of others that you are
obligated to maintain in confidence.
This clause shall be applicable even after the discontinuation of your services with the organization

Professional Code of Conduct

You shall abide by the Professional code of conduct, as amended from time to time, at all times.

Acceptable Usage Policy

You shall be bound by the acceptable usage policy and the related policies from time to time.
Within 15 days of joining you will read through the Policy and acknowledge receipt of the same failing
which you may not be able to access the information assets

While welcoming you to Muthoot Pappachan Group, we hope you will excel in your
endeavours and help make Muthoot Microfin a success story.

For Muthoot Microfin Ltd

Subhransu Pattnayak
Executive Vice President – Human Resource

Page 3 of 4
 Salary Break Up
Name Prasanth G S
Location Agastheeswaram
Designation Branch Credit Manager
Grade ABM III
Compensation Component Details Per Month Per Annum
Basic 11313.00 135756.00
HRA 4525.00 54300.00
Other Allowance 2162.00 25944.00
Gross(A) 18000.00 216000.00
Deduction
Employee PF 1617.00 19404.00
Employee ESI 135.00 1620.00
Net Salary (B) 16248.00 194976.00
Employer PF 1617.00 19404.00
Employer ESI 585.00 7020.00
Total (C) 2202.00 26424.00
Cost to the Company (A+C) 20202.00 242424.00

For Muthoot Microfin Ltd

Subhransu Pattnayak
Executive Vice President – Human Resource

Page 4 of 4