Business Finance Limited

Offer of Employment

Date: 08-07-2024

Dear Abhramanyam Sai Kishore,

H NO:15-2,b c colony

Karivena, Kurnool

Andhra Pradesh-518422

Welcome to the Family of Five-Star Business Finance Ltd.

We are a Non-Deposit taking Non-Banking Financial Company registered with Reserve Bank of India. We have been successfully
operating in the financial services space since 1984 and are currently engaged in providing small business and small housing loans to
customers in urban, semi-urban and fast-growing rural geographies.

We have pleasure in offering you an appointment in our Company as "Field Officer - Assistant". Your place of operation will be at
our "Nandikotkur" . The terms and conditions of your appointment will be as follows:

● Salary and Allowance:

1. You will be paid an Annual CTC of Rs. 2,73,999.00 /- (Rupees TWO LAKH SEVENTY THREE THOUSAND NINE HUNDRED
AND NINETY NINE) including minimum guaranteed incentive as detailed in the Annexure -1. The Variable incentives as
applicable to your role would be as given in the Annexure -2 which may vary from time to time as per the Company's policy
2. You will be eligible for PF in accordance with the relevant statutory rules.
3. You will be eligible for an annual increment which will be paid based on the recommendation made by your Reporting
Supervisor / HOD after assessing your performance. The Company may at its sole and absolute discretion grant you such
annual increment as it may think fit. It is however expressly understood that the company reserve itself the right not to grant
such increment. Your cycle of annual increment will be during April every year, as per the company's policy.

● Duties and Obligations :

You shall:

1. Conduct yourself with decorum and shall efficiently and honestly discharge and perform all duties and functions pertaining to
your employment as also such other duties as you may be required to perform from time to time by the Company, or by any duly
authorized Officer of the Company, which are consistent with your employment in relation to the business of the Company.
2. Obey and comply with all lawful orders and directions given to you by the Company or by any person duly authorized by the
Company on its behalf and faithfully obey all the rules, regulations and arrangements of the Company in force and applicable to
you.
3. Give and devote your time exclusively to your duties with the Company and while serving the Company you shall not engage
yourself directly or indirectly without the prior consent in writing of the Company with or without remuneration in any capacity,
business or activity which the Company may in its sole discretion consider contrary to or inconsistent with the duties and
obligations. Any violation, in this regard, will be treated as dereliction of duty and your services will be terminated without any
notice.
4. You shall not, directly or indirectly, disclose to any person or any firm the name and addresses of any of the customers or clients
of the Company or any other information pertaining to them in a manner that conflicts with or interferes in the business of
Company as conducted with such customer.
5. Inform the Company at once of any act of dishonesty and/or any action prejudicial to the interest of the Company on the part of
any person which may come to your knowledge.

● Working Hours & Leave :

1. You shall serve the Company during such daily hours of work as may be determined from time to time by the Company.
2. You will be entitled to leaves as per Company's Leave Policy. If in case you absent yourself from the service of the Company
without prior permission or overstay the sanctioned leave for 8 or more consecutive days, you will be deemed to have
abandoned service voluntarily without giving a due note and will be terminated from service immediately.
3. No notice of resignation from the service of the Company will be effective if given during the period when you are on leave and
you will also not be entitled to proceed on leave during the Notice period.

● Probation & Performance: You will be on probation for six months during which your performance will be reviewed. You will be
automatically confirmed once you complete the probation period, unless otherwise specified in writing.

● Transfer of Services: Your services are transferable as the Management may deem it necessary from one branch/department
to another within India in the same capacity or other. On such transfer, you will be governed by the terms and conditions and
entitled to the benefits as per the rules of the company.

● Acceptance of Gifts: You shall not accept or undertake to accept either directly or indirectly any gifts, commissions or other
favor of any kind what so ever in connection with your work which is prejudice to the interest of the Company without the prior
knowledge of the Management of the company.

● Bonus Payout:

1. Based on your productivity, the company will pay you monthly productivity linked incentive as per the company’s usual payroll
cycle each month (subject to applicable tax deductions).
2. The monthly productivity linked incentive payable to you, is in lieu of profit based bonus in terms of Section 31 A of The
Payment of Bonus Act, 1965. The company will ensure that you will also receive the minimum statutory bonus, as required
under Section 31 A of The Payment of Bonus Act, which is typically paid out by September of the following year.
3. You agree and acknowledge that you are not entitled to any bonus/incentive payouts other than those mentioned above, either
under applicable laws or as per your employment terms with the company.

● Termination / Resignation:

1. The Company shall terminate your employment without notice if it is ascertained that the information given by you in the
application for employment and also on the declaration given by you orally in the interview, is false or mismatches the
information relating to you.
2. The Company shall be at liberty to terminate your employment at any time without assigning any reason whatsoever by giving
you 30 days notice in writing on that behalf or by paying in addition to the remuneration then due to you a sum equivalent to 30
days gross salary, as the case may be, excluding all incentives in lieu of notice.
3. You shall be at liberty to resign at any time by giving 30 days prior notice in writing in that behalf. In the event of your leaving the
employment of the Company without giving notice/ not serving full notice, you shall be liable to pay to the Company a sum
equivalent to 30 days gross salary/ short fall in notice period, as the case may be. However, it is the sole discretion of the
Management to accept or reject such request for payment of salary in lieu of notice period.
4. Without prejudice to any of the rights and remedies which the Company may have against you the Company shall be entitled to
terminate your employment forthwith without giving any notice whatsoever in case of any act of disobedience, fraud, indiscipline,
insubordination, incivility, insobriety, dishonesty, irregular attendance or any other serious misconduct or negligence on your
part or incompetence in the discharge of your duty, or breach of any of the terms of your employment.

● Confidentiality : You shall not under any circumstances during your employment or at any time after your resignation
 /retirement / termination for whatever reasons of your employment with the Company, except with prior sanction in writing of the
Company, divulge the confidential and proprietary information of the Company to any third party, including the trade secrets,
business plans, customer information and business or company information.

● Consequences of Termination :
Upon termination of your employment with the Company for any reason whatsoever, you shall immediately:

1. Hand overcharge to such person or persons as may be nominated by the Company in that behalf.
2. Surrender to the Reporting Supervisor or the Company's authorized representative all original or the copies of business
documents, reproductions of any data, and correspondence either addressed to you by the Company or received by you for and
on behalf of the Company and all items belonging to the Company and other documents, records, property and effects of the
Company as may be in your possession or custody pertaining to or connected with the business of the Company or any
subsidiary, associate or affiliate of the Company.
3. Without prejudice to the Company's other rights and remedies, the Company shall be entitled to deduct from your emoluments,
if any herein, the amount of any claims which the Company may have against you either under the terms of your employment or
otherwise how so ever.
4. Retirement: You shall retire from the Company's employment and your employment will terminate on your attaining the age of
58 years. Your Date of Birth as recorded with us at the time of your employment is 19-06-2001
5. Additional Rules & Regulations: In addition to the terms and condition of employment herein above mentioned, you shall also
observe and comply with and shall be bound by rules, regulation and procedures which the Company may from time to time
separately frame for observance and compliance by its staff and which will be communicated by the Company to you. The
Company shall have the right to add, to alter, modify or abrogate from time to time any term of the Contract of Employment,
including remuneration and perquisites, which will be communicated to you either by individual letter or by circular.
6. Employment Verification: The above offer is valid subject to the clearance of background verification (Reference Check,
Academic Record Check, Prior Employment Check, Character Reference Check) as per the Company policy on background
verification.

We enclose this letter in duplicate and shall be obliged if you will kindly return to us the duplicate duly signed and dated by you in
token of your acceptance of the offer, the said terms, and condition of employment on or before 11-07-2024, failing which this
offer will stand canceled. This offer will be valid till three months from the date of receipt of your offer acceptance.

While welcoming you to the family of Five-Star Business Finance, we take this opportunity to wish you all the very best to excel
in your endeavors and to scale the Company to greater heights.

For Five Star Business Finance Limited.

M Sai Suryanarayana

Chief People Officer

Annexure 1

Business Finance Limited Compensation Break-up

Salutation Mr.

Name Abhramanyam Sai Kishore

Designation Field Officer - Assistant

Location Nandikotkur

Compensation Break-up Monthly (Rs.) Annually (Rs.)

A) Salary

Basic + DA 12,123.00 1,45,476.00

HRA 0.00 0.00

Additional Weekend Allowance 0.00 0.00

Special Allowance 0.00 0.00

Collection Allowance 3,472.00 41,664.00

Minimum Guaranteed Incentive 2,000.00 24,000.00

Gross Salary (A) 17,595.00 2,11,140.00

B) Retirals

Employer Provident Fund 1,455.00 17,460.00

Gratuity 583.00 6,996.00

Total Retirals (B) 2,038.00 24,456.00

C) Benefits

ESIC 572.00 6,864.00

Insurance 560.00 6,720.00

Leave Encashment 1st yr / 2nd yr subject to

808.00 9,696.00
availability of leave balance to credit

Statutory Bonus 1,010.00 12,123.00

CUG SIM 250.00 3,000.00

3,200.00 38,400.00
 Total Benefits (C )

Total CTC (A + B + C) 22,833.00 2,73,996.00

D) Deductions :

i) Employee Provident Fund 1,455.00 17,460.00

ii) ESIC 132.00 1,584.00

iii) Professional Tax 150.00 1,800.00

Total Deductions - D 1,737.00 20,844.00

Total Net Take Home Pay (A - D) 15,858.00 1,90,296.00

Note:
i) You will be entitled for a Minimum Guaranteed Incentive as indicate above or the actual incentive
earned from login, Business & Collecton and MOD incentive, Whichever is higher.
ii) Collection allowance will increase or decrease based on change in market rate of petrol.
iii) Insurance : a) You will be covered under Group Personal Accident Insurance for a Sum
Insured Value of Rs.3 lacs per annum, as per Company's policy
b) You will be covered under the Group Medical Insurance cover for self and dependants (Spouse
and Children [max 2 children]) for a Sum Insured Value of Rs.5 lacs per annum, as per Company's
policy.
C)You will be eligible for Life Insurance Cover under the EDLI scheme (Employees Deposit linked
Insurance Scheme)
Special Note:
PAN, Aadhar and Bank Proof are mandatory and have to be provided at the time of joining the
Organisation.
I accept the terms and conditions as mentioned in the Offer Letter. My tentative date of joining will
be __/__/____
Name: Abhramanyam Sai Kishore Signature:
Place: Date:
 Annexure 2

Business Finance Limited Performance Incentive

a) Login Incentive (Inspection Charges ) :
You will be eligible for Rs.150/- per file for every login you do during the month
b) Business Incentive :
Your Minimum Business Target (MBT) and Best Business Target (BBT) and Minimum Collection
Target (MCT) will be intimated to you on the date of joining and is subject to change from time to
time.
You will be eligible for an incentive when you achieve your collection percentage above your MCT
and your Business performance above your MBT and BBT as given in the below Slab :

Officers MBT BBT

Slab 1 Rs.125/- Rs.150/-
Slab 2 Rs.250/- Rs.350/-
c) NPA Incentive :
You will be eligible for NPA Incentive of Rs.1500/- payable every quarter on achieving the NPA
targets as prescribed by the Management from time to time. This is applicable only to branches
who have completed 18 Months of operation. Minimum Guranteed Incentive indicated in Annexure
1 is exclusive of NPA incentive.
d) Scheme/Contest Incentive (If applicable):
The company from time to time launches various contests and schemes keeping in view various
business requirements. Eligible employees would be paid the reward for the contest/scheme only if
they are actively employed with the company on the day of disbursement of the reward.

Name: Abhramanyam Sai Kishore Signature:

Place: Date:
Annexure 3

Parameter Description
Business Achievement of Best Business Target as per Branch targets
Achievement of collections and NPA Targets as per branch targets.
Collections & NPA Quick Arrear Accounts : Not letting any account become an arrear
account within the first 1 year of disbursement.
No adverse Internal Audit findings during internal audit inspections as
Internal Audit
these have a direct impact on company risk.
Attitude & other
There should be no involvement in any non-tolerant activities.
qualitative parameters