May 31, 2025
Name: Payal Srivastava
Designation: Branch Operations Executive
Employee Code: PH13053
Location: Allahabad
Annual Performance Appraisal – 2024-25
Dear Payal Srivastava,
PHFL has been a biggest sourcing arm to Parent, which has the responsibility to contribute majorly to
Parent’s asset business and collections efforts. We also play an important role in deposit mobilization and
other support service activities for the Parent.
The Indian housing market saw strong performance, with increased sales and buyer confidence. Key trends
included a surge in equity investments, record-high sales in major cities, and a focus on affordable and
mid-range housing in 2024. Additionally, there was a notable shift towards sustainable and smart housing
solutions, as well as a growing demand for luxury homes, especially in metropolitan areas.
In 2025, the housing sector in India is expected to see continued growth, driven by increasing demand,
rising incomes, and government support. Key trends include the rise of affordable housing, luxury real
estate, and the adoption of technology in construction and property management.
PHFL will leave no stone unturned to explore the opportunities going forward to reach the new benchmarks.
Our performance during the FY 24 -25 reminds me of the famous quote, "The best team is not the team
with the best players, but the team that plays best together." – Jamie Dimon, CEO of JPMorgan Chase.
At the outset, let me thank you for your continuous support and earnest efforts during the Financial Year
2024-25 and I look forward for your continued support as we move forward.
As part of career progression policy of the Company, your performance for the appraisal period has been
reviewed. We are happy to convey that in appreciation of your performance and contribution to the
Company’s objectives you have been rated “Meets Expectations” for appraisal year 2024-25. Your annual
Total Fixed Pay (TFP) stands revised to INR 242340/- with effect from May 01, 2025.
Internal
Your performance and salary bench mark have been the key determinants of the increments this year. The
details of your revised Total Cost to Company are attached. (Annexure I)
We are happy to admire that, based on your performance rating, you have been rewarded a performance
linked variable pay amounting to INR 17698/- for the year 2024-25.
We congratulate you on this achievement and are confident that you will continue the good work & excel
during the year ahead.
All other terms and conditions of your employment remain unchanged.
Please note that your compensation details are confidential in nature, and you are advised not to
disclose/discuss the same with your colleagues.
Yours Sincerely,
Dilip Vaitheeswaran
Authorised Signatory
Enclosure – Revised Total Cost to the company
Internal
Revised Total Cost to Company ANNEXURE I
Name: Payal Srivastava
Employee Code: PH13053
Location: Allahabad
Pay Heads Monthly Pay (INR) Annual Pay (INR)
Basic Salary 12094 145128
House Rent Allowance 5053 60636
General Allowance 0 0
Special Allowance 0 0
Statutory Bonus 1007 12084
Gross Salary 18154 217848
Employer Contribution
Employer Provident Fund (PF) 1451 17412
Employer Employee’s State Insurance (ESI) 590 7080
Employer Labour Welfare Fund (LWF) 0 0
Total Employer Contribution 2041 24492
(A) Total Fixed Pay (TFP) 20195 242340
(B) Performance Linked Variable Pay (Maximum Estimated) * 24234
TCC (Total Cost to Company A+B) 266574
Employee Deduction
Employee Provident Fund (PF) 1451 17412
Employee Employee’s State Insurance (ESI) 137 1644
Employee Labour Welfare Fund (LWF) 0 0
Employee Professional Tax (PT) 0 0
Total Employee Deduction 1588 19056
Net Pay 16566 198792
* Employee's contribution to Provident Fund, ESIC, Professional Tax, Labour Welfare Fund, Income Tax and any other
statutory liability will be deducted as applicable Laws.
* You will be eligible for Gratuity Benefit as per Payment of Gratuity Act, 1972.
*Employee will be covered for Group Medical Insurance up to a maximum limit of INR 2.00 Lac. The same can change as per
company policy.
*Employee will be also covered for INR 5 Lac for Group Personal Accident Insurance Policy and INR 5 Lac for Group Term
Life Policy. The same can change as per company policy.
* Payment of ESIC claim and insurance claim is subject to the final approval of Regulatory Authority & Insurer. Company will
not be liable to make any claim settlement in whatsoever.
*Performance linked annual variable pay would be paid as per the company's policy and would be calculated based upon the
performance of the employee with no guarantee for minimum amount. The employees covered under monthly or quarterly
incentive plan will not be eligible for performance linked variable pay. Any employee resigned and serving notice as on date of
disbursement of this amount is not eligible.
Dilip Vaitheeswaran
Authorised Signatory
Internal
