Private &Confidential

Date: 24 May 2014

Mr. Elchuri Lakshman.,

Chennupalli
Ballikurava (MD)
Prakasam (DT)
Andhra Pradesh
523030

Dear Lakshman.,

Subject : Offer Cum Appointment Letter

Further to your application and the subsequent discussion with us, we are pleased to offer you a
career in
Karvy Data Management Services Limited, as per the terms and conditions mentioned herein:

1. Date of joining, posting & location

You will join us on 01 June 2014 in our E-Governance Division at Ongole. Your title will be Data
Entry Operator in Grade SB (Officer) by our Client APTS. The Management reserves the right
to transfer you on any assignment in any unit / department / associate concern of the Company
anywhere in India or Abroad, as it may consider necessary, in its absolute discretion, from time to
time, subject to the provision that your remuneration and other facilities will not be adversely
affected.

2. Compensation
You shall be entitled to an all inclusive annual gross compensation of Rs.1,25,200/- (Rupees One
Lakhs Twenty Five Thousand Two Hundred And only). A detailed break-up of your
compensation structure is given in the Annexure (I) to this letter. The Compensation package
shall be governed by the Policies and Guidelines of the Company presently applicable and as
may be modified from time to time.

Further compensation is a private and confidential matter and you are advised to maintain the
secrecy and ensure that you do not divulge or communicate in any manner, any information
regarding your remuneration or terms of employment to any other employee of the Company or
other public at large.

3. Probation Period
You will be on probation for a period of 6 months from the date of your joining. The probation
period is extendable at the sole discretion of the Management by one or more terms of 3 months
duration.

4. Notice period
During Probation Period
Your services are liable to be terminated by the company without assigning any reason by giving
7 days notice period or payment of gross monthly salary in lieu thereof on either side. However, in
the event of your resignation, the company in its sole discretion shall have an option to accept the
Karvy Data Management Services Limited
Registered Office: KARVY MILLENIUM, Plot No.31, Nanakramguda, Financial District,
Gachibowli Hyderabad - 500 032.
T: +91-40-23312454 / 44677400|F: +91-40-23311968|Email Id: [email protected]|www.karvy.com| http://kdms.in/,
CIN:U72300TG2008PLC058738 1 of 9
 same and relieve you prior to completion of stipulated notice period of 7 days or without any pay in
lieu of notice period.

Karvy Data Management Services Limited

Registered Office: KARVY MILLENIUM, Plot No.31, Nanakramguda, Financial District,
Gachibowli Hyderabad - 500 032.
T: +91-40-23312454 / 44677400|F: +91-40-23311968|Email Id: [email protected]|www.karvy.com| http://kdms.in/,
CIN:U72300TG2008PLC058738 1 of 9
 Ref No. 242107

After Confirmation
Your services can be terminated by the company by giving 15 days notice or payment of gross
monthly salary in lieu thereof on either side. However, in the event of your resignation, the
company in its sole discretion shall have an option to accept the same and relieve you prior to
completion of stipulated notice period of 15 days without any pay in lieu of notice period.

5. Working hours
You shall follow the working hours of the company at the place of posting and as informed to you
from time to time. Due to the nature of work in this industry, you shall be expected to adjust to
extended working hours in case of any pressing commitment. For such extended hours of work
you shall not be eligible to claim any overtime or any additional consideration frequently and/or if
your job involves shift duties or late night work, you are required to familiarize yourself fully with
your own personal effort with the public transport arrangements &safety requirements of any
nature and further you are advised to make adequate arrangements for your transport &travel and
for your own personal safety.

If you are assigned to a job/temporary duty in an unsafe territory/disturbed area, you are free to
point out your requirements of safety.

6. Service rules and regulations

During your employment with the Company, you shall be governed by the Service rules,
regulations, employee benefits, policies &procedures of the company detailed in the HR portal.
This HR Manual is available to you from the HR Department and is also available online on the
HR Intranet. You undertake to familiarize yourself with the HR manual and all amendments
incorporated in the same from time to time by logging on to the company’s Intranet through your
unique identification code provided to you on your joining the company. The terms and conditions
laid down in the HR manual and as amended/updated from time to time and published on the HR
Intranet, shall be binding upon you, and shall form part of the terms &conditions of your
employment with the company.

7. Duties and responsibilities

You shall apply yourself diligently and faithfully to all duties & responsibilities that may be
assigned to you from time to time and will conform to such directions that shall be given to you by
your superiors.

You will have the responsibility for efficient, satisfactory and economic operation in the areas of
responsibility that may be assigned to you from time to time. It is the intention of the Company
that every employee of the Company takes upon himself/herself a certain degree of responsibility
and is accountable for the work undertaken by him/her.

8. Code of conduct
You are being hired in a position of trust and confidence and realize your accountability towards
protection of Company’s interest and matters relating to its business and shall:
(i) Maintain complete confidentiality and high level of integrity in all your actions performed on
behalf of the company.

Karvy Data Management Services Limited

Registered Office: KARVY MILLENIUM, Plot No.31, Nanakramguda, Financial District,
Gachibowli Hyderabad - 500 032.
T: +91-40-23312454 / 44677400|F: +91-40-23311968|Email Id: [email protected]|www.karvy.com| http://kdms.in/,
CIN:U72300TG2008PLC058738 2 of 9
 Ref No.
242107
(ii) Practice high level of professionalism in business etiquettes, selection of attire, choice of
language in conversation &documents and in over all conduct.

(iii) You will help in maintaining &enhancing the congenial, disciplined, participative and
supportive work environment created by the company that fosters team spirit and high
performance standards.

9. Non disclosure, secrecy and confidentiality

You acknowledge that the business of the Company is highly competitive and that any information
concerning the Company’s business (including but not limited to Strategies, Methods, Books,
Records, Documents, Technical Information concerning its products &Services, Equipment,
Processes, Customer Lists, Procurement Procedures, Pricing techniques, Credit &Financial data
concerning Company, Customers and Business Affiliates) all comprise confidential business
information and trade secrets, etc. vital to the business of the Company.

You hereby agree that you will not at any time during or after your employment period with the
Company, make any unauthorized disclosure of any confidential business information or trade
secrets of the Company, or make any use thereof, except for the benefit of and on behalf of the
Company. For the Purpose of this paragraph, the term “Company” shall also include all affiliates of
the Company.

Any disclosure which has not been expressly authorized by the Company shall be called
‘Unauthorized Disclosure’. The unauthorized disclosure of confidential information shall constitute
a serious misconduct and the Company shall be entitled to take appropriate disciplinary action
against you including termination of service. Unauthorized disclosure and use of confidential
information of the Company after the termination of your relationship with the Company shall
entitle the Company to initiate appropriate legal proceedings, including but not limited to seeking
an “Order of Injunction”.

10. Non-solicitation & non-compete

You agree and undertake that during the term of your appointment with the Company and for a
term of one (1) year after the termination of your appointment with the Company for any reason
whether with or without cause, you will not, directly or indirectly solicit, induce, recruit, or
encourage any Company employees, who were during the term of your appointment, employees
of the Company, to leave their employment, or take away such employees, either for yourself or
for any other person or entity without the Company’s express written consent. You further agree
and undertake that you will not engage in soliciting business or allied business that is similar or
competitive with the business of the Company, with those clients with whom you had any contact,
during your appointment and for a period of one (1) year after your appointment with the
Company ceases.

11. Copyright
The copyright in all the work produced, i.e. literary, artistic, photographic or other work,
documents/materials and intellectual property developed and gathered by you during the course of
employment shall be and remain the exclusive property of the Company. You shall return the
same to the Company on termination or at such earlier time as required by the Company. The
work produced shall be the exclusive property of the Company and the Company shall be free to
deal with the same in such a manner as it deems fit. This para is also applicable to any activity
relating to Trade Marks, patentable work or any other activity leading to Intellectual property rights.

Karvy Data Management Services Limited

Registered Office: KARVY MILLENIUM, Plot No.31, Nanakramguda, Financial District,
Gachibowli Hyderabad - 500 032.
T: +91-40-23312454 / 44677400|F: +91-40-23311968|Email Id: [email protected]|www.karvy.com| http://kdms.in/,
CIN:U72300TG2008PLC058738 3 of 9
 Ref No.
242107
12. Usage of computers
The Company has extensively introduced computerization to improve efficiency and productivity.
You herewith agree and undertake to extensively abide by the Information Technology policies
and rules framed by the Company from time to time. Any misuse or violation of any of the I.T
policy/rule shall make you liable for the disciplinary action by the Company including termination
of your appointment and taking appropriate legal proceedings against you.

13. Undertakings:
(i) You agree that the assurances, undertaking, etc., in regard to your education/qualification
certificates, work experience certificates, previous employer’s certificates and all other
certificates, information, declarations and undertakings are true and correct. You undertake that
there are no claims, damages or legal actions of any nature instituted against you by any
institutions, authorities including previous employer(s). You further undertake that no legal cases
of above nature have been instituted against you in past or currently in progress even in your
personal capacity. If any of the information or undertaking in relation to above is found incorrect,
the Company reserves the right to take appropriate disciplinary action including termination of
services.

(ii) You confirm that you have adequately declared in writing any kind of medical problem, which
you may have had in past or present, prior to accepting the offer of employment with the
company, including alcoholism. You confirm that any such history has been adequately disclosed
by you to the company in writing prior to you having accepted the offer of employment in the
company.

14. Professional ethics

The company follows highest level of ethics and follows the law of the land in conducting business
and offering employment in different geographies. You are required to deal with the Company’s
information, money, material and documents with utmost honesty and professional ethics. If you
are found guilty, at any point of time of moral turpitude or of dishonesty in dealing with the
Company’s money or material or documents or any affairs/information of the Company or of theft
or of misappropriation, regardless of the value involved, the Company shall initiate appropriate
action as per its disciplinary action policy, notwithstanding with other terms of the policy, it also
includes termination of your services with immediate effect.

15. Safe custody of company property and recovery of dues

You will be responsible for the safekeeping and good condition and order of all the Company
property entrusted to your care and charge. The company reserves the right to recover from you
any unauthorized expenditure incurred, reposes of any company property lying in your
possession, seek refund of any unsettled loan or unsettled advances taken and make a charge on
your dues for any payments due to the company from you.

16. Indemnity
You shall indemnify the Company against any loss, damage, proceeding which the Company
might suffer due to any wrongful, malafide acts, negligence, gross dereliction of duties on your
part. Such indemnity shall not prejudice the right of the Company to terminate your services on
such count or the right of the Company to seek other remedies which the Company may have to
make good the loss or damage.

Karvy Data Management Services Limited

Registered Office: KARVY MILLENIUM, Plot No.31, Nanakramguda, Financial District,
Gachibowli Hyderabad - 500 032.
T: +91-40-23312454 / 44677400|F: +91-40-23311968|Email Id: [email protected]|www.karvy.com| http://kdms.in/,
CIN:U72300TG2008PLC058738 4 of 9
 Ref No.
242107
17. Exclusivity
During the term of your appointment with the Company, you will work exclusively for the Company
and will not engage, in any manner whatsoever, in any other gainful or commercial employment or
business or activity, rather part time or full time, directly or indirectly, related to the business in
which the Company is now involved or becomes involved during the term of your appointment
with the Company, nor will you engage in any other activities that conflict with your obligations of
the Company.

18. Severability
If any term of this letter shall be invalid or unenforceable by any Court of competent jurisdiction,
the remainder of this letter, other than that portion determined to be invalid or unenforceable, shall
be unaffected thereby and each valid term of this letter shall be enforced to the fullest extent
permitted by law.

19. Resolution of dispute

All disputes or differences arising in connection with this letter shall be subject to the jurisdiction of
courts in Hyderabad only irrespective of your working location that may change as per exigencies.

20. Retirement
You will automatically retire from the services of the company at the end of month in which you
attain the superannuating age of 58 years. Your date of birth as recorded with us, will be used to
calculate your age of superannuation.

21. Handing over process

In case of your disassociation from the company due to any reason, before relief from the
services of the company you will be required to complete your pending tasks and undertake a
formal hand-over of charge of your job responsibilities to a designated official of the company
identified by the Head – HR or your immediate supervisor. In case of your departure without
completing the hand-over procedure as per the then prevailing policy of the company, the
company reserves the right not to settle your accounts and not to pay any amounts as might be
payable to you as far as may be permissible to hold under the applicable laws.

Further, in case of your disassociation from the company as aforesaid, you shall hand over to the
designated personnel all material, information and property belonging to the company and in your
possession at the earliest and not later than the last working day.

Karvy Data Management Services Limited

Registered Office: KARVY MILLENIUM, Plot No.31, Nanakramguda, Financial District,
Gachibowli Hyderabad - 500 032.
T: +91-40-23312454 / 44677400|F: +91-40-23311968|Email Id: [email protected]|www.karvy.com| http://kdms.in/,
CIN:U72300TG2008PLC058738 5 of 9
 Ref No.
242107
22. Termination of employment
Under certain specific circumstances as mentioned below, your employment can be terminated by
the company anytime without providing any notice or compensation in lieu of notice whatsoever.

(i) Breach of any terms of this appointment, code of conduct, Policies &procedures of the
company detailed in the HR manual, published on the company’s Intranet or any rules made by
the Company from time to time.

(ii) In the company’s opinion; any act of gross misconduct &indiscipline on your account, De-
falsification, Dishonesty, Misappropriation, Dereliction of duty in discharging your duties and
functions, Unpunctuality, Neglect of duty.

(iii) Absence from your normal place of work for more than Seven (7) days continuously
without appropriate reasons &prior sanction of leave.

(iv) Consistent non--performance by you as per the verdict of the company.

(v) Of your being convicted of any Criminal offence.

(vi) Of your mental or physical incapacity to discharge your functions.

In the event of intended termination from services on the grounds mentioned above, the company
will seek your explanation in writing detailing the breach and will provide you seven days time for
furnishing your explanation formally. The company reserves the right to accept or reject any such
explanations provided by you and at the same time, the Company reserves the right to terminate
your services without notice and explanation, with immediate effect, where the Company is prima-
facie convinced of the breach of a serious nature. The company’s decision to discontinue your
services shall remain final and binding on you.

23. General
Employees may please note that their behavior towards any member of the public that they come
across should be courteous. The Management reserves the right to take disciplinary action
against any employee, who has been found to have misbehaved with any member of the public or
any other individual.Further,

(i) The company will deduct taxes as appropriate and consistent with the Indian Tax regulations.
You will be responsible for your tax liabilities under all applicable Tax Laws and Regulations.

(ii) You may be required to undertake travel on Company's work as and when required. In case of
travel on Company business, you are entitled to such travel expenses/allowance as may be in
force from time to time.

Karvy Data Management Services Limited

Registered Office: KARVY MILLENIUM, Plot No.31, Nanakramguda, Financial District,
Gachibowli Hyderabad - 500 032.
T: +91-40-23312454 / 44677400|F: +91-40-23311968|Email Id: [email protected]|www.karvy.com| http://kdms.in/,
CIN:U72300TG2008PLC058738 6 of 9
 Ref No.
242107
(iii) In case of any change in your residential address or any relevant changes in your personal
data during the pendency of your employment with the Company, it shall be your duty to intimate
the same to the Company in writing within three days from the date of change.

(iv) All communications mailed to you by the Company to the last address given by you shall be
deemed to have been received by you.

(v) The terms and conditions contained herein shall be read along with the instructions,
guidelines, policies, etc., and amendments thereof as presently applicable to you and as may be
amended from time to time.

(vi) Any other terms, conditions, stipulations not specifically mentioned herein shall be governed
by HR manual/intranet and other policies and procedures of the Company as presently applicable
and as may be amended from time to time.

(vii) You shall not do anything or cause to do anything which shall bring dishonor and/or disrepute
to the Company or engage in unlawful/immoral activities.

(viii) If at any time you are involved in any legal/administrative/quasi-judicial proceeding(s), you
shall immediately inform the Company the details thereof.

(ix) You shall not at anytime use your association with the Company to gain unfair advantage for
personal purposes.

(x) In the event of termination of your employment by the Company and/or your resignation
before completion of 12 months in service, you will need to refund Joining bonus paid to you at
the time of joining , all or any expenses incurred by the Company on account of your Relocation.

24. Address for the purpose of Communication

Any communication sent to the following address shall be deemed to be proper service of the
communication:

Mails sent to the address:

Company: Karvy Data Management Services
Limited., Email Id: [email protected]
Fax: +91 040-23311968
Employee Personal email id: [email protected]

The parties undertake that they shall communicate/update any change in address within one
month of any change taking place in the above particulars and the said change shall be deemed
to become effective if sent by Registered Post to the above address or the personal email id or
fax number of the parties mentioned above.

The terms and conditions that are not specifically set forth in this letter will be determined
pursuant to the applicable laws of India and the Company’s policies and code of conduct, which
may be amended from time to time.

Karvy Data Management Services Limited

Registered Office: KARVY MILLENIUM, Plot No.31, Nanakramguda, Financial District,
Gachibowli Hyderabad - 500 032.
T: +91-40-23312454 / 44677400|F: +91-40-23311968|Email Id: [email protected]|www.karvy.com| http://kdms.in/,
CIN:U72300TG2008PLC058738 7 of 9
 Ref No.
242107

This Agreement shall be governed by and construed in accordance with the law of India.
If you are in agreement with the conditions outlined in this letter including the annexures, please
signify your receipt and acceptance and return a copy of this letter to us.

We wish you a long and happy association

with us. Thanking you,

for Karvy Data Management Services Limited
Sd/-

Tushar Kant
Ojha Vice
President
Human
Resources

Please Note : This is an on-line letter, hence, does not require any authorized signature.

Enclosed : Compensation Structure - Annexure I

Acknowledgement and Acceptance

I have read and understood the above Terms &Conditions hereby signify my
acceptance

Name: Vicithra .

Karvy Data Management Services Limited

Registered Office: KARVY MILLENIUM, Plot No.31, Nanakramguda, Financial District,
Gachibowli Hyderabad - 500 032.
T: +91-40-23312454 / 44677400|F: +91-40-23311968|Email Id: [email protected]|www.karvy.com| http://kdms.in/,
CIN:U72300TG2008PLC058738 8 of 9
 Ref No.
242107
Annexure – I

Name: Vicithra . Designation: Data Entry

Operator Grade: SB (Officer) Location

Adayar

Compensation Structure
Amount Amount in
Particula in
INR per
rs INR per annum
month
Basic 3,650 43,800
HRA 2,192 26,304
Provident Fund (Employer Contribution) 805 9,660
Special Allowance 3,057 36,684
Advance Bonus 730 8,760
Fixed CTC 10,433 1,25,200
(Rupees One Lakhs Twenty Five Thousand Two Hundred And only)

Other benefits:
Personal
: Personal accident cover for self in cases of death or disability
Accident Cover:
Covered under ESIC or Mediclaim Insurance for Self, Spouse and Two
Mediclaim :
children, whichever is applicable.
Gratuity : As per Gratuity Act

Note:

Compensation is a personal & confidential matter between you and the Company. You are not
supposed to discuss or share this with anyone. Any discussion or disclosure of your compensation
with anyone other than your department head or HR is liable for disciplinary action.
----------×---------

Karvy Data Management Services Limited

Registered Office: KARVY MILLENIUM, Plot No.31, Nanakramguda, Financial District,
Gachibowli Hyderabad - 500 032.
T: +91-40-23312454 / 44677400|F: +91-40-23311968|Email Id: [email protected]|www.karvy.com| http://kdms.in/,
CIN:U72300TG2008PLC058738 9 of 9