Privileged & Confidential

04-August-2022

Vaghela Praful Bharatbhai,

Junagarh

OFFER LETTER

Dear Vaghela Praful Bharatbhai,

We are pleased to offer you the position of RM - Direct Sales HL at the level of Relationship Manager in HFC
Sales department subject to the following terms and conditions:

1. This offer remains subject to the terms of the appointment letter to be executed by you on the day of joining
and to the procedures, policies, benefits and other terms of Poonawalla Housing Finance Ltd, which will
be provided to you at the time of your joining or communicated to you from time to time.
2. You will be based at Junagarh and will be reporting to Regional Sales Mgr HFC.
3. A detailed break-up of your compensation is in the attached Annexure II. The compensation including
variable pay of any kind shall be subject to tax deducted at source as per the applicable tax laws.
4. This offer is subject to verification of your credentials and background, completion of all necessary
documentation and reference check to our satisfaction.
5. At the time of joining, or within 3 days of receipt of this offer, you are requested to submit the documents
listed in Appendix A.
6. You acknowledge that no prior verbal or prior written agreements, prior promises or representations that are
not specifically stated in this offer will be binding on us.
7. This document is privileged and confidential. You will maintain confidentiality and secrecy and will not
disclose any of the contents of this offer to any third party.
8. You are advised to revert with your acceptance by way of an email to
pritha.dutta1@poonawallahousing.com, failing which, this offer will expire.

We look forward to long lasting and mutual beneficial relationship and are confident that your abilities will play a key
role in our company.

Yours sincerely,
For Poonawalla Housing Finance Ltd

Ashish Singhania
VP-Human Resource

ACCEPTANCE

I accept this offer of employment with the Company under the terms set forth in this offer letter:

_____________________
Vaghela Praful Bharatbhai

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 ANNEXURE I

Role & Reporting RM - Direct Sales HL. You will report to Regional Sales Mgr HFC.

INR 3,40,008/- per annum, including all Retrials and Flexible Pay. The details
Fixed Pay
break up of Fixed Pay is given in Annexure II.

INR 1,20,000/- per annum as per the policy applicable to employees of your
Monthly Variable(MV)
cadre.

Expected Date of Joining 01-September-2022 or earlier.

Salary Revision You will be eligible for next revision in April, 2023.

ACCEPTANCE

I accept this offer of employment with the Company under the terms set forth in this offer letter and hereby authorize
the company to commence my background verification based on documents submitted as mentioned in Appendix A.

____________________
Vaghela Praful Bharatbhai

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 APPENDIX A

If not provided, please carry the following documents on the day of your joining:

No. Particulars No. of Copies

1 Relieving letter / accepted resignation letter / experience letter from last company. One

2 Educational Documents – Final Year Mark Sheets for 10th & 12th Standard, Graduation & One Each
Post-Graduation (if any).

3 Aadhaar and Pan Card. One Each

4 Colored Passport size Photographs. Two

5 Accepted & Signed Copy of Offer Letter One

6 Cancelled cheque leaf of your saving bank account with any of the following banks: One
SBI/ICICI/ AXIS/ Kotak /HDFC Bank.

New bank account to be opened, in case you do not have any account with any of the
above mentioned banks.

Please note that first month's salary is subject to documents above being submitted.

Note: Post joining, a standard appointment letter will be issued to you to replace this Letter of Offer.

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 Annexure II
Compensation Break-up sheet
(Strictly Confidential)

Applicant Name: Vaghela Praful Bharatbhai

Designation: Relationship Manager
Location: Junagarh

Components Annualized (INR)

Basic 1,56,000
House Rent Allowance 1,33,656
Annual Bonus 24,132
Provident Fund 18,720
Gratuity 7,500
Total Fixed Pay (TFP) 3,40,008
Monthly Variable# 1,20,000
Mobile and Conveyance$ 30,000
Total Variable Pay (TVP) 1,50,000
Total Cost to company (CTC) 4,90,008

# Subject to maintaining minimum standard of performance and as per applicable company policy.
$ This is subject to individual performance as per agreed parameters and targets.

The Compensation is subject to review in accordance with the Company's policy and will depend on your performance. Your
performance shall be in the line with the Company's performance year (1st April to 31st March).
eMilaap:
On receipt of acceptance of your offer letter, a link will be activated and sent to your personal mail id provided. You are advised to
update all personal and other particulars using the link which will enable us to complete your joining formalities faster. Non-completion
may lead to delays in onboarding process.

ACCEPTANCE

_________________
Vaghela Praful Bharatbhai

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