Letter of Intent

Date: 19th January , 2022

Atul Verma
MIET, Meerut

Dear Atul,

We welcome you to Coforge Ltd (erstwhile known as NIIT Technologies Limited) and we are confident that
you will build a long and mutually rewarding career with us. We believe that it is professionals like you who
can, along with all of us, build a world-class organization. The guiding principle behind our endeavor to
succeed originates from our Vision “ENGAGE WITH THE EMERGING” and our Mission
“TRANSFORM AT THE INTERSECT”.

We are pleased to inform you that you have been provisionally shortlisted for employment as “GRADUATE
ENGINEER TRAINEE” at a CTC of INR 4.25 Lac per annum. Your tentative date of joining will be
July’22 after completion of your final examinations.

You are required to sign a service agreement for a period of 2 years that will be effective from your date of
joining. In event of you exiting the organization before completion of the service agreement duration, you will
be required to pay an amount of INR 1.5 L to the organization.

You will receive a formal letter of appointment with all the terms and conditions closer to your onboarding date
with us. This is subject to submission of all documents & meeting the eligibility criteria as required by the
organization.

As a token of your acceptance, please confirm that you have read and understood this Letter of Intent. Please
send in your confirmation to campus@coforge.com confirming your interest in joining Coforge Limited.

With best wishes,

For Coforge Limited

Kannika Sagar
 ANNEXURE A - Compensation & Benefits Details

Name : Atul Verma

Designation : GRADUATE ENGINEER TRAINEE

A. Monthly Salary (₹) Basic 13,100

HRA 6,550
Conveyance + LTA 8,122
Flexi Basket 2,585
Gross Monthly 30,357
B. Annual Benefit (₹) PF (as per act) 21,600
Mediclaim without Parents 6,262
Gratuity 7,558
Life Insurance Premium 4,046
Annual Benefits Total 39,466
C. Variable Compensation (₹) 21,250
(on achievement of 100% goals)
D. Annual Cost To Company (₹) 4,25,000

1. The Conveyance Allowance + LTA consists of vehicle expenses reimbursement (VER) & LTA. If self-
owned car is used, expenses towards petrol and maintenance up to ₹ 1800/- p.m. (₹ 2400/- p.m. if CC is
more than 1.6 litres), is exempt from tax as per current rules. Transportation facility provided by company
for travel from home to office and back is adjusted against the conveyance allowance, if applicable. LTA is
governed by the Income Tax rules. The balance, if any from Conveyance Allowance + LTA will be paid on
a monthly basis after deductions.

2. The Flexi basket consists of mobile phone usage. The Flexi basket is a taxable allowance and will be paid
on a monthly basis after deductions, if any. Reimbursement towards mobile phone usage charges up to ₹
3000/- p.m. is exempt from tax as per current rules.

3. Variable Compensation shall be based on your Variable Compensation plan, and Variable Compensation
Policy.

4. Mediclaim Premium shown above is towards hospitalization coverage for self and dependent nominees as
per scheme. This is the standard coverage (for self + 3 dependent nominees, without parents) for your
benefit plan, however you will have the option to upgrade (increase coverage amount, or include additional
members and/or parents) the plan on your day of joining. In case of any change, the difference in premium
will be adjusted from the Flexi basket component of your gross monthly salary. You will also have the
option to opt out of company’s Mediclaim scheme, by providing proof of documents of being covered
through an alternate policy.

5. Life Insurance premium is towards the Life Cover for self as per benefit plan and policy.

Authorized Signatory Candidate Acceptance / Sign Date