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Sachin Letter

Genpect offer letter

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0% found this document useful (0 votes)
588 views7 pages

Sachin Letter

Genpect offer letter

Uploaded by

chg7781
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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HMS036607-7103415

Date: August 11, 2023


Dear: Sachin Rawat
Sub: Letter of Intent
Congratulations! You have been selected by Genpact India Pvt. Ltd. ("the Company") as Process Developer.
You will be issued a letter of appointment upon meeting the pre requisites as mentioned below. Meanwhile, the Company is
pleased to issue the following letter of intent.
Salient terms and conditions of your appointment with the Company are as follows.
1. Your annual Cost to Company (CTC) will be INR 400,000.00. Variable component is additional and is paid in addition to
your CTC.
2. Applicability of Location specific allowances may vary according to location and/or the Company policy. Company may
provide facilities in lieu of these allowances.
3. Your initial place of work will be India>Noida>Noida Stellar IN - Office. However; the Company may transfer you to any
location/process on a need basis.
4. Post consultation with you, the following has been agreed upon:

• Date of Joining: August 25, 2023


• Reporting Time: 9:00:00 AM
• Location: India>Noida>Noida Stellar IN - Office
On-boarding reporting
Locations Genpact Office Address
time**
Stellar 135 Building, Plot No 5 and 6, Sec-135, Noida, 201301,
NCR 10:30
U.P. ,7th Floor, On-boarding Room , Noida
Genpact, Security In Gate no 3, 14-45,IDA,opp NGRI,
HYD 10:00
Habsiguda,Uppal,Hyd-500009
JPR 9:30 Genpact India, JLN Marg , Malviya Nagar, Jaipur (NHO Room)
BLR 9:00 Genpact, # 99, Surya Park, Electronic City, Bangalore – 560100
Genpact India Unitech Hi Tech Structures Ltd. - IT/ITeS SEZ
KOL 10:00 Building C1, 1st Floor Infospace Complex, DH 1, 2, 3 & 3/1, New
Town Kolkata
**In order to experience a smooth Onboarding, please reach the venue on time

5. If at the time of joining, your assigned place of work is different from your current location ("Relocation"), the Company
Guest House can be availed by you. The Guest house can be availed for a maximum period of 15 calendar days. The
Company shall, in lieu of the accommodation provided, make a monthly deduction of Rs.250 for a period of 24 months.
Further, in case of termination of employment by either party, before such amount has been fully recovered by the
Company, the Company shall deduct the balance amount from your full and final settlement."
Genpact India Private Limited
CIN: U73100DL2005PTC307363
Regd. Off.: 12A (Ground Floor) Prakash Deep Building 7,
Tolstoy Marg, New Delhi-110001
6. You shall be required to provide the Company all documents and information as set forth in Annexure I of this letter of
Intent.
7.The Company will be working 7 days a week, 24 hours a day. Your shift timings may vary as per business requirement
will be duly communicated to you in advance. You will be expected to attend office week unless otherwise required or
communicated by the Company, except while travelling on business – as assigned to you by your supervisors. Weekly offs
and holidays will be governed as per applicable legislations and the relevant Company Policies.
8. You will be entitled to leaves subject to prior approval of your supervisor/manager at the Company. Your leave
entitlement and accumulation / carry-forward of leave and related aspects will be governed as per the existing Company
Policy on the subject.
9. Please note you have agreed that you shall provide Genpact the Relieving Letter (if applicable) from our previous
employer within 60 days from time of joining the company, failing which your employment with Genpact shall be terminated.
Such termination will be without prejudice to the Company's right to proceed against you through legal means to recover
any other amounts due from you to the Company.
10. The Company shall, at its discretion, conduct background, reference and medical checks including screens for
substance use as per the Company policy and this offer is conditional upon the result of such checks. In the event the
results of such background / reference checks or screens for substance use are unsatisfactory on any account, the
Company may, in its sole discretion, revoke this offer at any time irrespective of the fact that you may have formally
commenced your training/employment with the Company.
11. The appointment letter issued to you, will, inter alia, contain the following terms

• A six month probation period during which either party may terminate the Agreement by giving 30 day notice or
salary in lieu thereof. Your services at the end of probation period shall be treated as confirmed unless specifically
extended by the Company in writing.
• Absence for a continuous period of eight days without prior approval of your supervisors, (including overstay of
leave / training), would be treated as abandonment of service and can lead to your services being terminated
without notice. In such an eventuality the Company reserves the right to recover from you, all expenses incurred
with regard to any training and development, special education, upskilling or on the job training imparted by the
Company or damages suffered by Company due to loss of billing.
12. This letter of intent is valid for September 24, 2023 from the date of issue unless otherwise specified. In case any terms
or conditions are not met, this letter of intent will be considered automatically withdrawn without any obligation on part of the
Company.
13. To be filled by the hiring team :Is availability of Valid passport is a precondition for employment Yes () No ()Kindly sign
and Initial each page of this letter and return a copy in acceptance. We welcome you and wish you every success
in your career with Genpact.

For Genpact India Pvt. Ltd. Accepted and Agreed

Sachin Rawat

Ritu Bhatia
Senior Vice President-HR

In case of any questions / clarifications regarding your appointment letter/joining/other queries, please contact
Harshavardhan Nakkana between 11 am to 7 pm (Monday to Friday)

Genpact India Private Limited


CIN: U73100DL2005PTC307363
Regd. Off.: 12A (Ground Floor) Prakash Deep Building 7,
Tolstoy Marg, New Delhi-110001
Annexure I
Listed below are the mandatory documents (in photocopy) you are required to furnish at the time of joining.
1. Professional Relieving letter from previous employer (last employment) only.
2. If already a member of a provident fund (PF) scheme with previous employer, then;
a. Employer's name
b. Provident Fund account number from your previous employer
c. Universal account number provided by your previous employer
d. Employee Pension number provided by your previous employer
OR
e. Date of joining & leaving from previous employer
f. Copy of Passport in case of International Workers(it should contain Nationality, Passport number, Country of issue,
Date of issue, Valid up to)
3. Below mentioned KYC (Know Your Customer) Documents
a. Copy of PAN
b. Copy of Aadhaar Card.
c. Signed Cancelled Cheque with your name printed on it (In case your name is not printed on the Cheque,
please attach last 3 months bank statement along with the Cheque)
4. If your salary is less than or equal to the applicable limit mentioned in the ESI Act, 1948[1] you will need to enroll for
ESIC ( Employee State Insurance Corporation) which is a Govt. regulation therefore please carry;
a. 3 Post card size (4X7) photographs of yourself
Or
b. If you would like your family covered Family group Photograph of immediate family (4X7, 3 Copies of the same
photograph), only members in the photo will be covered, Photos should be clear and have only your immediate
family who are your dependents.
*Please check the company policy for the applicable limit
5. 4 recent Passport size Photograph
a. One for Genpact ID card
b. One for opening a new account if you do not have an one with ICICI/HDFC/Axis
c. Two for PAN card application if you do not have one
Genpact India Private Limited
CIN: U73100DL2005PTC307363
Regd. Off.: 12A (Ground Floor) Prakash Deep Building 7,
Tolstoy Marg, New Delhi-110001
ANNEXURE - II
COMPENSATION DETAILS
NAME Sachin Rawat
BAND 5B
DESIGNATION Process Developer
LOCATION India>Noida>Noida Stellar IN - Office
COMPONENTS AMOUNT (PER ANNUM)
BASIC PAY 263,158.00
EMPLOYER CONTRIBUTION TO PF 31,579.00
HOUSING RENT ALLOWANCE 105,263.00
FIXED PAY 400,000.00
ANNUAL PERFORMANCE BONUS*(APB) 7200
PERFORMANCE/PRODUCTION LINKED INCENTIVE(VIC)** AMOUNT (PER ANNUM)
Best Performer 48,000.00
Average Performer 18,000.00
Low Performer 0.00
Total Earning Potential Amount (Per Annum)
Best Performer 455,200.00
Average Performer 425,200.00
Low Performer 407,200.00
Benefits Amount (Per Annum)
3 times of your Annual Fixed Pay or INR 14,00,000.00/-
Life Insurance
(whichever is higher)
Employee Deposit Linked Insurance Scheme(EDLIS) As per Act
3 times of your Annual Fixed Pay or INR 14,00,000/- (whichever
Personal Accident/Disability Insurance (For Employee)
is higher)
Medical Insurance (For Employee) 100,000.00
Interest Free Soft Loan (Post 6 Months) 10,000.00
Out Patient Medical Facilities at Office Free
For Genpact India Pvt. Ltd.
Accepted and Agreed

__________________
Sachin Rawat
Ritu Bhatia
Senior Vice President-HR
Genpact India Private Limited
CIN: U73100DL2005PTC307363
Regd. Off.: 12A (Ground Floor) Prakash Deep
Building 7,
Tolstoy Marg, New Delhi-110001
Company Contribution ESIC As per Act
Gratuity 12,652.00
Other Attractions
Parichay (Employee Referral Scheme) As Per Scheme
Rewards & Recognition As Per Performance
Education@Work : Professional Advancement Programs As Per Scheme
Concierge Services Subsidized Rates
Notes:
* The APB amount mentioned above reflects indicative average payouts for your band. The eligibility for APB will depend on the
performance of Genpact and your performance as per the company policy and the Performance Management System (For
example, employees who are rated as "Least Effective" are not eligible for APB).An eligible employee will be paid APB at fixed
rates in March/ April for the preceding calendar year (January - December) and the same will be prorated based on the date of
joining.
**Performance Linked Incentive mentioned above is an indicative average amount possible for the said performance level.
Eligibility for such incentives, actual amount and payout timelines may vary with business/Process. For Employees who are not on
Performance Linked Incentive Plan (VIC), the Company will pay a different Annual Performance Bonus (APB) In such cases;
Annual Performance Bonus potential is similar to the indicative Average Performance Linked Incentives as mentioned in table
above.

• The aggregate of all bonus payouts paid to you during an accounting year including APB, VIC (if any) and other bonus
payouts (if any) shall be in lieu of profit based bonus (if any) payable to you for such accounting year under Section 31A of
the Payment of Bonus Act, 1961 ("PBA") (if applicable).
• In the event that the PBA is applicable to you and the aggregate of APB, VIC (if any) and any other bonus payout made to
you during the year is less than the stipulated payout mentioned in the PBA, for such accounting year, Genpact will pay
you the difference at a later date. You are not entitled to any bonus payout other than those mentioned above, either
under applicable laws or as per your employment terms with Genpact. All amounts payable to you will be after deduction
of applicable taxes.
• Genpact provides the maternity benefits as per the Maternity Benefits Act, 1961, to all its eligible female employees. Basis
the applicability of the Act and eligibility, you shall receive paid maternity leave, entitlements and other benefits available
under the Acts and the Rules, therein, as more specifically mentioned in the Policies of the Company.
• Any revision to your annual compensation will be effective from April of the subsequent year if your date of joining is
September 30 or earlier. If your date of joining is between October 1 and December 31, you will not be eligible for
compensation review in the forthcoming year. You will, however, be eligible to participate in the compensation review
process in the year after and therefore, your remuneration has been fixed after due consideration of the foregoing.
• The Company reviews its compensation structure and policies from time to time. The compensation structure and benefits
offered to you in this letter are subject to change and will be communicated to you when such change becomes
applicable.
• Any employee deduction will be governed by applicable legislations and prevalent Company Policy and will be subject to
change.
Dear Sachin Rawat,
Welcome to Genpact!

This letter is in furtherance to your Offer Letter / LOI / Appointment Letter dated August 11, 2023
In order to make your on-boarding to Genpact seamless and compliant with the various laws related to Provident Fund (PF) and
Employees' State Insurance (ESIC), it is mandatory for you to submit the below mentioned documents and details before/on
your joining date:

• Copy of recently downloaded E-Aadhaar Card


• Copy of confirmation screenshot of KYC verification on Aadhaar from the member portal*
• Copy of self-attested cancelled cheque (**if you are eligible for ESIC enrolment as per government norms)
• Copy of E-Aadhaar card for dependents and nominees for ESIC
• Insured Person number (**IP number) of any existing ESIC account where you are enrolled, in case you were eligible for
ESIC benefit in your previous organization.
• Active Mobile number

* SOPs to facilitate e-KYC confirmation from the member portal have been attached with this communication.

**The ESI section are applicable only for the employees whose CTC is not exceeding beyond 2.6 lakhs which does not include
overtime, bonus, leave encashment are liable to avail this scheme.
if your CTC is more than 2.6 lakhs. you may ignore the same.

The above documents/details are required and shall be obtained, stored and processed by Genpact strictly on a need to know
basis as required for statutory requirements pertaining to compensation and benefits. Your records and information will be kept
secure and handled strictly in accordance with the Genpact Data Privacy Policy.

We would encourage you to refer to the Standard Operating Procedure (SOP) attached here with, for help and guidance in
procuring the above documents/details. Click Here

Wishing you all the best!

Note: Failure to furnish the above-mentioned documents and details at the time of joining might lead to delay in your
joining date

Please sign and return a copy of this letter to confirm your understanding and agreement to the requirements of your onboarding as
stated above, which are in addition to those as may be provided in your Offer Letter / LOI / Appointment Letter and other
communications from time to time.
Regards, Accepted and Agreed
Genpact Hiring Team __________________
Sachin Rawat
Genpact India Private Limited
CIN: U73100DL2005PTC307363
Regd. Off.: 12A (Ground Floor) Prakash Deep
Building 7,
Tolstoy Marg, New Delhi-110001

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