Satyam Sudan: Offer Letter

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Date: 28/01/2019

OFFER LETTER

Dear Mr. Satyam


Ishwar Dhage
Sudan

Reference to your application and our subsequent meetings, we are pleased to consider you for the position of
“Graduate Engineer Trainee”, in the Band of “8” in the services of Konecranes and Demag Private Limited
(herein referred to as “the Company”) based at Pune Location on the following terms and conditions:

This offer is subject to:

• You are requested to join us on 10th June 2019. We request you to confirm the date of joining at the earliest
convenience.

• This offer is subject to Pre-Employment Medical Test.

A formal “Employment Contract” (Appointment letter) will be signed on your joining our employment. You will be
bound by all rules and regulations applicable to members of our organization.
Kindly return the copy of this letter duly signed as a token of your acceptance.

Thanking you,
Sincerely,

For KONECRANES AND DEMAG PRIVATE LIMITED

______________________
Yogesh Godse
Director – Human Resources South Asia
SALARY BREAK-UP

NAME : ISHWAR
SATYAM DHAGE
SUDAN

DATE OF JOINING : 10th June 2019

BREAK UP OF SALARY

PARTICULARS INR Per Annum

ANNUAL BASE SALARY (PART A) 350,000


Basic Salary (40% of Gross Salary) 140,000
HRA (50% of Basic Salary) 70,000
Special Allowance* 123,200
Employers Contribution to PF (12% of Basic Salary) 16,800
ANNUAL BASE SALARY (PART A) 350,000

BENEFITS (PART B)
Gratuity (As per Act) 6,734
BENEFITS (PART B)

COST TO COMPANY (PART A + PART B) 356,734

Note:
- *Based on the Flexi Pay declaration, Special Allowance will be adjusted.
- Tax will be deducted on the above as per the Income Tax Act and other applicable rules &
regulations.

-------------------- -----------------------------
Yogesh Godse Ishwar Dhage
Satyam Sudan
Director – Human Resources South Asia
KONECRANES AND DEMAG PRIVATE LIMITED

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