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Building Number 5, Mindspace, Raheja IT Park HITEC City
Madhapur, H y d e r a b a d -500081
Telangana, India
Private & Confidential
08 May 2025
Rizwan Nazir
Zainakote HMT,Near Sicop,VTC:Shala Teng Ghat,PO:Zainakote,Sub District:Srinagar(South)
Srinagar
Jammu & Kashmir
190012
India
Dear Rizwan Nazir,
Congratulations, subsequent to the interview process we are pleased that you are considering joining BA Continuum India Pvt.
Ltd. (herein after referred to as “Company”) at our Hyderabad office. This letter confirms the terms of our offer with respect to
your planned employment. You will be designated as Senior Team Member at Band 8. Your Annual Compensation (CTC) will be Rs
490000 - (Rupees Four Lakh Ninety Thousand Only) as more specifically stated in Annexure I attached to this offer.
Other Terms & Conditions
Your start date will be 02 Jun 2025 (“Date of Joining”). The Company however reserves the right, at its absolute
discretion, to extend the Date of Joining if it considers it necessary. You shall be notified in advance if the Date of Joining
is being extended and the new Date of Joining will be informed accordingly. In case you do not join the services of BA
Continuum India Pvt. Ltd. by 02 Jun 2025 this offer of appointment will stand cancelled and withdrawn without any
further communication. Your appointment stands effective from the date you report in for work, which under no
circumstances shall be later than Date of Joining. Any request for change in date unless communicated and accepted
in writing will not be effective.
Any benefit plan applicable to your band, in accordance with Company policies, will apply to you as per your Date of
Joining or in the event you do not join the services on the Date of Joining, such other commencement date on which
you start work for the Company.
The Company reserves the right to change or modify the manner, composition, or mode of delivering compensation
in its full discretion.
Effective from the issuance of this letter and any time during the course of your employment; as applicable, if any
discrepancies are found/reported with regards to the testimonials submitted by you, to the Company at the time of
engagement/ joining or thereafter this agreement will be terminated with immediate effect. No notice will be served
in case your engagement is terminated on disciplinary grounds.
Registered office address:
Building Number 5, Mind Space – Raheja IT Park
HITEC City, Madhapur, Hyderabad – 500 081
Telangana, India
Phone number: 040 71065000
CIN: U72200TG2003PTC041835
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Building Number 5, Mindspace, Raheja IT Park HITEC City
Madhapur, H y d e r a b a d -500081
Telangana, India
For the first ninety (90) days of your services/employment you will be deemed to be on probation and during this
period, either party may terminate this contract by giving one (1) weeks’ notice in writing or salary in lieu thereof, at
the sole discretion of the Company. Within sixty (60) days after completion of the ninety (90) days if you have not
received a notification stating otherwise including, without limitation, extension of probation period from HR, your
employment is deemed to be confirmed. After the expiry of the probation period or the extended probation period (if
the same has been extended) either party is entitled to terminate the contract by giving sixty (60) days’ notice.
Whereas the Company reserves the right to request service of notice or pay salary in lieu of your notice period, waiver
or payment in lieu will be at the sole discretion of the Company, but in no event will be less than the minimum period
required by applicable law.
The condition of this offer are:
1. Your background check, including credit checks, and employment reference is satisfactory to the Company and
the Company is able to verify, to its satisfaction, the personal and sensitive information (including but not
limited to biometric data, such as fingerprints) you have provided or would be required to provide during the
course of your application including your resume, any information shared or declarations submitted by you at
the time of execution of this offer letter as may be requested by the Company. Any personal references and
any negative report received by the Company from any person including your existing or earlier employer shall
be confidential and solely for the Company’s use, and you undertake not to request for a copy thereof or base
a claim of any nature against any person including the Company with regard to such report or satisfaction
reached by the Company;
2. Where required, you are able to provide evidence of your right to work and remain in India, in accordance with
legal requirements, or being issued with the relevant work visa, work permits, residence cards, licenses,
registrations or memberships;
3. Where required, you provide original documentary evidence of your previous employment, academic and
professional qualifications as part of the background screening process;
4. You make full and frank written disclosure of all directorships and other positions of office that you currently
hold;
5. You commence employment with Company on a date acceptable to Company and further that you are not
subject to any restrictions arising from your current (or any previous) employment which may adversely impact
on your activities for the Company;
6. You meet any further requirements as stated in this offer letter; and
7. You warrant and represent to the Company that all information, statements and documents made or provided
by you to the Company, for the purposes of any job application or any part of the recruitment process, including
all the statements and declarations made by you in the application form or resume, are not misleading, false,
incomplete or inaccurate for any reason, whether by way of any omission or otherwise.
Registered office address:
Building Number 5, Mind Space – Raheja IT Park
HITEC City, Madhapur, Hyderabad – 500 081
Telangana, India
Phone number: 040 71065000
CIN: U72200TG2003PTC041835
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Building Number 5, Mindspace, Raheja IT Park HITEC City
Madhapur, H y d e r a b a d -500081
Telangana, India
8. Home/remote working arrangements are specific to our positions at the Company including the Group (as the
case may be) bank. We use a multi-faceted approach that responds to the nature of our businesses and
work. Your manager will provide you with information on the in-office expectations associated with your role.
These expectations are continuously evaluated based on various factors including business continuity needs and
role requirements, and, subject to local law, are subject to change at any time and at the sole discretion of the
bank Company including the Group (as the case may be). You will be expected to work in the shifts including
night shifts (as applicable) assigned to you by your manager.
Objections to the collection, use, storage, transfer or other processing of personal and sensitive information or
withdrawal of consent may affect your employment with the Company as sharing of such information with the regulatory
authorities both in India and other jurisdictions of operations can be an essential prerequisite of your job requirement.
The Company reserves its rights to withdraw the present offer or to rescind any agreement entered into, or to terminate
your employment if any of the conditions mentioned herein are not fulfilled by you.
We reserve the right to withdraw this offer as appropriate if any of the above conditions are not met, or if accepted,
to rescind any agreement by reason of you failing to meet a condition precedent of employment, or to terminate your
employment at our option.
By accepting this offer you acknowledge that you have been directed by the Company to comply with any continuing
lawful and enforceable obligations that you may have to any former employer. You should make your line manager
and HR representative aware of these obligations at the time of accepting this offer. This will include any post
termination restrictions on your activities in relation to clients or employees of any former employer and any
confidentiality obligations regarding trade secrets or other proprietary information belonging to your previous
employer(s). Additionally, you should provide to the Company any correspondence from your former employer which
you receive following your resignation, such as a relieving letter, which summarizes the obligations by which your
former employer believes you to be bound. In particular you agree not to bring to the Company any documents or
other information in any format, will not download, email, copy or otherwise send to yourself or anyone at the
Company any documents or information in any format from your former employer(s) or other parties to whom you
owe a duty of confidentiality; will not disclose any confidential, proprietary or trade secret information of any former
employer or its clients, and will not use, disclose or act on such information in performing your duties for the Company.
If, in the Company’s opinion, such obligations to your former employer would mean you could not carry out your role
with the Company then we may rescind or revoke this offer of employment.
By accepting this offer, you are agreeable to keep yourself in reasonable readiness to move to whatever place of
occupation, the Company desires you to undertake.
Registered office address:
Building Number 5, Mind Space – Raheja IT Park
HITEC City, Madhapur, Hyderabad – 500 081
Telangana, India
Phone number: 040 71065000
CIN: U72200TG2003PTC041835
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Building Number 5, Mindspace, Raheja IT Park HITEC City
Madhapur, H y d e r a b a d -500081
Telangana, India
Your employment is transferable or, you may be sent on deputation or on secondment, to any location in India or
abroad either within the Company or to any of its associate or sister concerns or its subsidiary whether existing today
or which may come up in future at any time at the sole discretion of the Company.
In case an employee is paid ‘Relocation’ benefit as per Company policy, the Company reserves the right to recover the
entire amount paid, should the employee voluntarily terminate the engagement / employment and /or the
engagement / employment is terminated by the Company (on disciplinary grounds), anytime within twelve (12)
months from the date of payout of the relocation benefit. In case you are entitled to ‘Notice pay out’ benefit as per
Company policy, the Company reserves the right to recover the entire amount paid, should you voluntarily terminate
your employment or your employment is terminated by the Company (on disciplinary grounds), anytime within twelve
(12) months from your date of joining. The amount recoverable from you by the Company will be based on actual
amount spent by the Company. The Company may at its sole discretion, if it thinks so fit to do, waive any portion of or
the entire amount recoverable from you. The amount recoverable from you by the Company will be based on actual
amount spent by the Company on such relocation and/or Notice Payout.
Your employment with the Company is at all-time contingent upon your adherence to the Company’s policies and
procedures applicable to all employees generally, and/or applicable to your position or within the Company, and as
amended from time to time.
This Agreement is governed by and construed in accordance with Indian law and the parties submit to the exclusive
jurisdiction of the Indian courts.
Representations & Warranties
1. By signing this letter, you are representing to the Company that your acceptance of this offer and agreeing to
employment with the Company under these terms will not conflict with, violate or constitute a breach of any
employment or other agreement to which you are a party and that you are not required to obtain the consent of
any person, firm, corporation or other entity in order to accept this offer of employment.
2. You further warrant and represent that you are not subject to any restrictive covenants or other continuing
obligations that in any way restrict your ability to engage in or solicit any business of any type engaged in by the
Company, or participate in recruiting or staffing efforts on behalf of the Company.
Registered office address:
Building Number 5, Mind Space – Raheja IT Park
HITEC City, Madhapur, Hyderabad – 500 081
Telangana, India
Phone number: 040 71065000
CIN: U72200TG2003PTC041835
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Building Number 5, Mindspace, Raheja IT Park HITEC City
Madhapur, H y d e r a b a d -500081
Telangana, India
3. You further represent and agree that you will not knowingly use or otherwise disclose any confidential, business
and proprietary or trade secret information obtained as a result of any prior employment in connection with the
performance of your job duties for the Company, unless specifically authorized to do so by someone with the
appropriate authority from the applicable place of former employment, and that this provision should be
regarded as this Company’s instruction for you not to do so. You represent that you have provided the company
with full and accurate documentation of your last drawn compensation. To the fullest extent permitted by law,
you agree to keep the terms of this letter confidential and agree not to share them with anyone except with your
immediate family, personal, financial and legal advisors.
This letter supersedes any prior oral or written understanding regarding the terms and conditions of your employment
with the Company and any changes to such terms must be in writing and signed by you and an authorized
representative of the Company.
Assuming that you accept and agree to the terms of this letter, during the period which begins immediately after you
sign and date this letter, and ends upon your actual commencement date, you acknowledge and agree that your
employment with the Company will not yet have begun (the “Interim Period”). You further acknowledge and agree
that your employment with the Company will begin on the commencement date when you start work for the
Company. During the described Interim Period, this letter remains subject to rescission / revocation by the Company,
in its sole discretion upon discovery of conduct or behavior by you which would constitute a breach of the
representations and warranties set out in this letter; or such other behavior or conduct as is plainly and materially
injurious to the Company, its business interests or its reputation.
During the Interim Period the Company will conduct verification of the information provided by you in your resume,
information shared and declaration submitted by you in connection with your employment application and for
employment purpose. By executing the application you give your consent regarding such background verification being
conducted by the Company. In the event the Company consents to your employment commencing ahead of the
satisfactory completion of the required background check(s), your continued employment will be conditional on the
satisfactory completion of such background screening procedures. If the Company requires additional documentation
in support of your background check you will be given a maximum of thirty (30) days from the Date of Joining to provide
any such documentation. Consequently, in the event that you fail to provide any documentation within thirty (30)
days, or the Company is not satisfied with the documentation, or the results of your pre-employment screening,
Company will be entitled to withdraw or rescind this offer by reason of you failing to meet a condition precedent of
employment, or to terminate your employment at its option. Your employment will cease without any entitlement to
notice or pay in lieu of notice. In the event of withdrawal or termination, no further entitlements (including any sign-
on incentives) will be payable, and you will be required to repay any sign-on payments already made.
Registered office address:
Building Number 5, Mind Space – Raheja IT Park
HITEC City, Madhapur, Hyderabad – 500 081
Telangana, India
Phone number: 040 71065000
CIN: U72200TG2003PTC041835
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Building Number 5, Mindspace, Raheja IT Park HITEC City
Madhapur, H y d e r a b a d -500081
Telangana, India
We believe that you are capable of making an outstanding contribution and we can offer you a challenging and
rewarding career with the Company. Please review this letter and return the signed copy of this letter as your
acceptance of the terms and conditions contained herein. If you have any questions or if there is any way I can help
you further, please do not hesitate to call.
Sincerely,
For BA Continuum India Pvt. Ltd.
Jiten Kapoor
Senior Vice President – Human Resources
Date: 08 May 2025
Accepted and Agreed:
___________________________________
Rizwan Nazir
Date: ___________________
City: ____________________
Registered office address:
Building Number 5, Mind Space – Raheja IT Park
HITEC City, Madhapur, Hyderabad – 500 081
Telangana, India
Phone number: 040 71065000
CIN: U72200TG2003PTC041835
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Building Number 5, Mindspace, Raheja IT Park HITEC City
Madhapur, H y d e r a b a d -500081
Telangana, India
Annexure I: Compensation Details
Date of Offer: 08 May 2025
Name: Rizwan Nazir
Job Title: Senior Team Member
Band: 8
Annual Compensation
Annual Compensation Components (All figures are in Rs. per annum)
Basic Salary 171500
House Rent Allowance 85750
LTA 15000
Advanced Statutory Bonus 21600
Employer's Contribution to Provident Fund 21600
Gratuity (as per payment of Gratuity Act) * 8249
BA Continuum Allowance 166301
Total Annual Compensation (CTC) 490000
Statutory Deductions:
1. Pursuant to applicable laws, rules, regulations notifications, ordinances and policies notified or promulgated and
modifications thereof in effect from time to time and in accordance with Company Policies your compensation shall be
subjected to necessary deductions towards provident fund contribution
2. Basis the eligibility criteria for your coverage under Employees' State Insurance Act, 1948 (“ESIC”) and in line with the
statutory requirements and amendments thereto from time to time, your salary will be subjected to necessary deductions
towards employee’s contribution to ESIC. The Company will make the necessary employer’s contribution accordingly.
General Terms:
1. The design of compensation structure are subject to revision by the Company at any time, in line with the changing
operating environment and applicable laws and therefore, compensation, statutory entitlements or contributions may
undergo change. The company determines the amount of each compensation component in its sole discretion.
2. Upon joining the Company, you will also be enrolled in the hospitalization insurance scheme as applicable to employees
at your level. In addition, you will be entitled to any other benefits, as per prevailing Company’s Policies.
3. Taxes at source will be deducted as per provisions of Income Tax Act, 1961.
* The Gratuity amount mentioned in the CTC is an indicative figure and used only for calculation purposes and the company
will pay the Gratuity amount as per the norms laid out in The Payment of Gratuity Act, 1972.
Registered office address:
Building Number 5, Mind Space – Raheja IT Park
HITEC City, Madhapur, Hyderabad – 500 081
Telangana, India
Phone number: 040 71065000
CIN: U72200TG2003PTC041835
