Mahindra CIE Automotive Ltd

Stampings Division*
D-2, MIDC, Ambad
Nashik 422 010, India
Tel: +91 253 6613400
Fax: +91 253 6613409
www.mahindracie.com
mciestampings.nsk@mahindracie.com
Name – Mr.Sunil Deshmukh Date: 01-04-2016
Employee No – 23016063
Designation & Band – Executive & Operational
Location – Nashik
Dear Sunil Deshmukh,

We are pleased to inform you that your Compensation Revision and Performance Pay for the calendar year 2015 i.e. April
2015 – December’ 2015 has been done. As you are aware of the Performance Appraisal System followed in our Company for
Officers in respect of compensation revision and performance pay. The performance pay consists of two elements: Business
and individual performance. The ratio between the two components for different responsibility bands is given for your
reference:

Responsibility Band Business Performance Individual Performance

Strategic 50% 50%
Executive 40% 60%
Department Head 30% 70%
Managerial 20% 80%
Operational 20% 80%

Based on the business and individual performance during the year CY ‘15 you will be paid Performance Pay as per below:
Amount payable based on Business Performance Amount payable based on Individual Performance
Payout Percentage Amount Payout Percentage Amount
55% Rs.8170 /- 82% Rs.48721 /-
Accordingly, your total performance pay for CY‘15 works out to Rs.56891/-
The Payment of Bonus Act is amended and accordingly you will be eligible for the payment of bonus based on the allocable
surplus and the percentage of bonus declared by the Company. Considering this change your CTC is restructured by
combining the Bonus & the Performance Pay w.e.f. 1st August 2015 by keeping the CTC as it is and based on the same the
salary revision is worked out, which is enclosed herewith. As and when the bonus shall be declared & paid, the paid
Performance Pay shall be adjusted against the total payment of Bonus.
As a part of the appraisal process you have been appraised on your overall annual performance which is a combination of
your performance as well as your leadership potential assessment. You have been assessed as having performed at “S” is
level for CY’15.
Consequent to the review, we are pleased to inform you that your Cost to Company (CTC) has been revised with effect from
1st April 2016. All details regarding your revised CTC are enclosed in Annexure A.
Kindly treat this review as confidential and personal to you, which should not be shared with anyone.We are sure that by
overall continuous improvements accomplished and efforts towards cost cutting, focus on productivity, we will be able to
achieve the set targets in CY’16.
We appreciate your valuable contribution and we look forward its continuance in the years to come.

Sd/- Sd/-
Deepak Kulkarni, Sanjeevaraddi Koppad
Chief – Human Resources, Plant Head,
Mahindra CIE – Stampings Mahindra CIE – Stampings – Nashik Division
Encl. a/a
* It is a computer generated document, hence signature is not required.

Mahindra CIE Automotive Ltd. (Formerly Known as Mahindra Forgings Ltd.)

CIN: L27100MH1999PLC121285
st
Regd. Office: Mahindra Towers, 1 Floor, Dr. G. M. Bhosale Marg, Worli, Mumbai 400 018, India
Tel: +91 22 24901441 Fax: +91 22 24915890 email: mcie.investors@mahindra.com

* The Stampings Division was known as Mahindra Ugine Steel Company Ltd and same was merged into Mahindra CIE Automotive Limited.