Dear Chandrasekar Chigurupati,

M il I’ : chigurupatichandrasekar@gmail.com
Contact Number: 7337088210

Thank you for exploring career opportunities with Modak Analytics LLP. You have successfully
completed our selection process and we are pleased to make you an offer.

Modak Analytics LLP is pleased to offer as an Intern. If you accept this offer, you are expected
to begin your internship with the Modak Analytics LLP from 21-09-2020 and will be paid
Rs.10200 per month during the Internship. You will be a part of the application development
team at Modak Analytics LLP.
After internship your CTC including all benefits will be Rs.4,00,000/- per annum, as per the
terms and conditions set out herein.

Kindly confirm your acceptance of this offer letter by signing the offer letter. If not accepted within
1 day, it will be construed that you are not interested in this employment and this offer will be
automatically withdrawn.

COMPENSATION and BENEFITS

Health Insurance Scheme- Modak Health Insurance Scheme (MHIS). It will cover you,
your spouse and children under the age of 21.

* The above Health Insurance Scheme is subject to revision.

PROBATION:

Y u sh ll be n pr b ti n ry peri f r initi l Six nths (“Pr b ti n Peri ”)

Your performance will be reviewed at regular intervals during the probation period
and at the end of the probation period. The decisions taken by Modak Analytics will
depend on the evaluation of the outcome of this period. At its sole discretion, Modak
Analytics may either
(a)confirm your appointment if your performance is satisfactory
(or) (b)extend your probation period for further evaluation (or)
(c)terminate your employment with Modak Analytics, effective immediately,
without any liabilities other than remuneration until the last date of employment.

TERMS AND CONDITIONS

1. Non-Disclosure Agreement- Modak Analytics works on very sensitive client data.

As an employee of Modak Analytics you will be working on this data, and hence be
required to sign an NDA with Modak Analytics.

2. Employee Agreement: From date of joining as an Intern you will need to give three
years and three months of commitment. If you may leave before three years and three
months from your date of Joining, you have to pay INR 5,00,000/- towards training cost
to Modak Analytics LLP.

3. Working Hours: You may be required to work in shifts and/or in extended working
hours as permitted by law. You may be required to work beyond your existing working
hours depending upon the business requirements/exigencies from time to time.

4. Mobility (Relocation): Modak Analytics reserves the right to relocate you at any of
its offices, work sites, or associated or affiliated companies in India or outside India,
on the terms and conditions as applicable to you at the time of transfer.

5.CompensationStructure/Salary components: The compensation structure/salary

components are subject to change as per Modak Analytics compensation policy from
time to time at its sole discretion

6. Increments and Promotions: Effective on satisfactory performance and contribution

to Modak Analytics. It will be an important consideration for salary increments and
promotions, which is based on Modak Analytics Compensation and Promotion policy.
7.Alternative Occupation/Employment: Either during the period of your traineeship
or during the period of your employment as a confirmed employee of Modak Analytics,
you are not permitted to undertake any other employment, business, assume any
public or private office, honorary or remunerative, without the prior written permission
of Modak Analytics.

8.Confidentiality Agreement: As part of the joining formalities, you are required to

sign a confidentiality agreement, which aims to protect the intellectual property rights
and business information of Modak Analytics and its clients.
9.Terms and Conditions: The above terms and conditions are specific to India and
are to subject to change in case of deputation on international assignments.

10.Notice Period: Modak Analytics shall give 30 calendar days of notice or payment
in lieu thereof if the employment is discontinued / terminated. No notice or payment in
lieu thereof shall be payable by Modak Analytics when the employment is
discontinued/terminated in case of any misconduct, either during the period of
traineeship or upon completion of the trainee ship.

-During your tenure with Modak Analytics, you can terminate the appointment by giving
90 calendar days written notice.

-Modak Analytics, reserves the right if it is in the interest of the business and current
assignment, to ask you to complete your notice period.

11.Retirement: You will retire from the services of Modak Analytics on reaching your
60th birthday as per the proof of age submitted by you at the time of joining.

12.Pre-employment Medical Certificate: You are required to submit a Medical

Certificate of Fitness (in the format prescribed by Modak Analytics), which needs to be
verified by a registered medical practitioner having a minimum qualification of MBBS
to the Induction Coordinator.

13.Employment of Foreign Citizens: In case you are not a citizen of India, this offer
is subject to your obtaining a work permit and/or any other permissions and/or
documentation as prescribed by the Government of India.

14.Background Check: Your association with Modak Analytics will be subject to a

background check in line with Modak Analytics background check policy. An appointed
agency will conduct internal and external background checks. Normally, such checks
are completed within one month of joining.
-If the background check reveals unfavorable results, you will be liable to disciplinary
action including termination of traineeship/service without notice.

15.Submission of Documents: At the time of your joining, photocopies of the

following documents should be submitted:

Please carry the original copies for verification.

-Permanent Account Number (PAN) Card: You are required to submit a copy of your
PAN card along with other joining forms, immediately on joining. As per Indian Income
Tax rules, the PAN number is a mandatory requirement for processing salary.
-Degree certificate
-Birth Certificate/Proof of Age
-Work permit and/or any other documentation as prescribed by Government of
India -Passport
-Six photographs
-An affidavit/ notarized undertaking stating:
*There is no criminal offence registered/pending against you *There is no
disciplinary case pending against you in the university
*If you were employed, a formal release letter from your previous employer

The original documents will be returned to you after verification.

16. Letter of Appointment: You will be issued a letter of appointment at the time of
your joining and after completing joining formalities.

17. Rules and Regulations of the Company: Your appointment will be governed
by the policies, rules, regulations, practices, processes, and procedures of Modak
Analytics as applicable to you and the changes therein from time to time.

18. Compliance to all clauses: You must fulfil all the terms and conditions
mentioned in this letter of offer. Failure to fulfil one or more of the terms and conditions
and/or failure to clear one or more tests successfully would entitle Modak Analytics to
withdraw this offer letter anytime at its sole discretion.

19. Withdrawal of Offer: If you fail to accept the offer from Modak Analytics within a
day, it will be construed that you are not interested in this employment and the offer
will be withdrawn by default.
P st y ur ept n e f M An lyti s’ Offer letter, if you fail to join on the date
assigned in the Modak Analytics offer will stand terminated by default at the
discretion of Modak Analytics.

We are confident that you will make significant contributions to the success of the
team and look forward to working with you.

Sincerely,

Aarti Joshi
Designated Partner
Modak Analytics LLP

I accept the offer as stated/outlined above.

Name: ________________________ Date: _____________
Signature: ____________________ Place: ____________
Encl: Annexure 1: Increment during 3 years

Salary per Performance_Bonus ( Paid

No_of_months Total CTC
annum at the end of the period)

(Rs.) (Rs.) (Rs.)

0-12 Months 400000 400000

12mths-24mths 450000 100000 550000

24mths-36mths 500000 100000 600000

36mts onwards 600000 100000 700000