www.agshealth.

com

December 6, 2021

Sethuram Prasad

Chennai
OFFER LETTER

Dear Sethuram,

Congratulations!

Further to successful completion of interview at AGS Health, we are pleased to offer you the position of
Manager – Operations at AGS Health Private Limited.

Your annual cost to company (CTC) would be Rs. 14,50,000. It includes a performance based incentive
up to Rs. 150,000 per annum, to be paid as per the Company’s incentive policy, which will vary from
process to process. Annexure A contains the break-up of your compensation package.

Your base location will be at Chennai. You will be required to work in any of our office locations and such
locations are subject to change at the discretion of the company. Further, you agree and understand that
depending on the business requirements of the company, you may be asked to change your
project/process and you may be asked to work in different shift timings.
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We request you to join us on 14 March, 2021. Please note that this appointment is subject to
satisfactory completion of background verification and other joining formalities.

You would be provided with an appointment letter along with the Terms and Conditions of Employment
upon your joining. We look forward to you joining us.

AGS Health treats Information Security Compliance with paramount importance. As a candidate seeking
employment with AGS Health, it is imperative that you adhere to the Information Security policy guidelines
in vogue. You would be briefed about the guidelines at the time of joining.

Please do not hesitate to call us for any information you may need. Please sign the duplicate of this offer
letter as your acceptance and forward the same to us.

AGS Health Private Limited, 05-02 Tidel Park, 4 Canal Bank Road, Chennai 600 113, India confidential
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To confirm your acceptance of our offer, please sign below and send us a scanned copy of the signed offer
letter. This offer is in effect for seven business days.

We look forward to a mutually rewarding relationship!

Warm regards,

Kiran Guntur
Executive Director – Human Resources

Acceptance of Offer:

I accept the terms and conditions of this offer letter and agree to be legally bound by the same.

Signature: Date:

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Annexure A

SALARY STRUCTURE

PROCESS CATEGORY

SALARY STRUCTURE Monthly Annual

Total COST TO COMPANY 120833 1450000

VARIABLE PAY 150000

FIXED CTC (PART - A+B) 108333 1300000

Monthly Annual
BREAK UP OF FIXED CTC

Fixed Components - Part A ₹. ₹. Retrials - Part B ₹. ₹.

Basic Salary 20,000 240,000 Provident Fund - Employer 2,400 28,800

Advance Statutory Bonus 1,400 16,800 Gratuity 962 11,538

Basket of Allowance 83,155 997,864 Health Insurance 417 5,000

GROSS SALARY (PART A) 104,555 12,54,664 RETIRALS (PART B) 3,778 45,338

Employee PF Contribution 2,400 28,800

Employee ESI Contribution 0 0

TAKE HOME (Pre-Tax) 102,155 12,25,862

Signature: Date:

# please refer Annexure C for more details

$ Special allowance is paid on monthly basis

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Annexure B
Joining Checklist
The documents mentioned below are mandatory and need to be submitted on or before the joining day.
Appointment letter will be issued only after verification of all documents.
Passport Size Photograph for ID card - 3 nos.
Passport size photograph for opening HDFC Bank A/C - 2 nos (Not required if you have HDFC A/C)

Documents Required Please Tick

Identity Proof (copy of any one of the following)
Permanent driving license
Voters ID card
Bank pass book with attested photo
Passport copy (first and last page)

Residence Proof (copy of any one of the following)

Permanent driving license
Voters ID card
Bank pass book with attested photo
Passport copy (first and last page)
Ration card
Latest mobile phone bill
Latest landline phone bill

Education Proof (copy of all documents)

10th Std School SSLC Mark Sheet / Certificate
12th Std School HSC Mark Sheet / Certificate
UG Degree certificate / Mark Sheets (if any)
PG Degree certificate / Mark Sheets (if any)
Diploma certificate (if any)
Certificate courses completed (if any)

Miscellaneous (copy of all documents)

Blood group report
PAN card copy

Previous Employment Proof (copy of all documents for

Latest pay slip
Relieving letter / Experience letter
Bank statement of salary account matching pay slip submitted

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 Annexure C

COMPENSATION & BENEFITS

Brief details of your compensation and benefits are given below. For more details, please contact the
Human Resources Department at the time of Induction:

I. BASKET OF ALLOWANCES
We have structured your compensation in a manner that empowers employees to choose certain
components from a Basket of Allowances (BOA) to best suit personal needs and help optimize your
earnings. BOA offers you the flexibility to design part of compensation within a defined framework, at
the time of joining the organization. You will also have the option to change BOA from April every year,
for the same employees need to complete and submit the BOA form within such time period as
informed in March.
The components under BOA along with the limits are listed below. You can design your BOA to the
extent of the amount specified and the balance amount will be paid as “Sundry Allowance”. During
induction, you would be required to fill in the “BOA form”.
.
1. House Rent Allowance (HRA):
HRA is an allowance, forming part of Gross salary, provided by the company to meet expenditure
incurred on payment of rent in respect of residential accommodation occupied by the employee
Limit: HRA can be opted to the maximum of 100% of Basic.

2. Leave Travel Assistance (LTA):

Employee may claim reimbursement of travel expenditure incurred for self and family to any place
within India. This component can be received on monthly basis; however, tax concession will be given
only upon following the prescribed conditions under the applicable tax laws.

Limit: Rs. 30,000 per annum (Rs. 2, 500 per month)

3. Food Coupons
Limit: Rs.2000 per month

II. OTHER BENEFITS

1. Health Insurance Scheme:

AGS provides health insurance coverage to all employees and to any five dependents (Spouse,
children, parents). The sum insured will be Rs.4 lakhs per annum. Details of coverage will be intimated
from time to time. Please note that the above coverage will cease on resignation.

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 2. Group Term Life / Personal Accident Insurance
AGS provides Term Life / Personal Accident Insurance coverages at company’s cost for all employees.
Current eligible Sum insured for your job role towards Personal Accident is at Rs.15 Lakhs and Term
life coverage for Rs. 30 Lakhs.

III. PAYROLL CYCLE

Payroll cycle will be from 21st of current month to 20th of next month.

IV. STATUTORY CONTRIBUTIONS

1. Provident Fund:
As per the provisions of The Employees’ Provident Fund and Miscellaneous Provisions Act, 1952, you
will be a member of the Employees’ Provident Fund organization, India. You will be required to
contribute 12% of your basic salary every month towards the said scheme. AGS will make contribution
of the same amount towards the scheme.
2. Gratuity:
Gratuity will be payable as per the provisions of The Payment of Gratuity Act, 1972. You will be eligible
for gratuity only on completion of 5 years of continuous service in the company

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