Date: 06/10/2025 Reference ID: FO/TSE/2025/1535
Name: M Srikanth Reddy
EMP Id: TF1535
Visakhaptnam
Subject: Letter of Offer
Dear M Srikanth Reddy , Thank you for exploring opportunities with us. You have successfully completed our selection
process. We are pleased to offer you the position of Territory Area Project Executive [Merchant Onboarding] in our
organization. This position is based in Visakhaptnam.
Your employment shall be governed by the terms and conditions of the organization as may be in force from time to
time.
1. Compensation and Benefits:
The annual CTC for this position is 4,26,000/- LPA Where 2,76,000/- LPA is Fixed and 1,50,000 is Variable (PLI)
The salary is subject to Income Tax deduction as per the prevailing Income Tax Act 1961 and applicable rules made
thereunder. Please find the attached Annexure - A for detailed breakup of your reference.
2. Probation & Confirmation:
You shall be on probation for a period of 90 days from the date of joining as Territory Area Project Executive. At
the end of the probationary period, your services may be confirmed (deemed confirmed unless otherwise specified in
writing through a letter or email, or terminated (through a letter or email, without assigning any reason whatsoever).
3. Joining Process:
Your date of joining will be 10 /10/2025.
◦ This letter of offer is issued to you based on the representations made by you in your resume and/or other documents
and during the interview process. This is issued to you based on the assumption that your qualifications and experience
are correct and accurate. It also assumes that your conduct in the earlier organizations was appropriate and that you
were not terminated due to any reasons of misconduct, misappropriation & misbehavior. It also assumes that you have
enough team members as suggested by the company to run daily operations. If any of the above information or
preparation is incorrect the date of joining may be extended until further notice or this letter seems invalid.
◦ We assume that the documents with self-attested copies are in support of your qualifications/experience and other
details provided by you.
◦ The company may at its absolute discretion conduct background checks on the information provided by you through an
authorized third party or through other means. In case it is found that your qualifications and experience are false/not
correct or your conduct in your earlier employment was not appropriate, the company reserves the right to take
appropriate civil and/or criminal action which includes but might not be limited to termination of employment.
◦ If at any time after your date of joining, you absent yourself from your duties without having obtained approval of your
reporting manager, you shall be treated as “ABSCONDING” which is treated as negligence and your employment, during
probation period, may be terminated and salary be put on hold on this ground itself.
◦ During a pandemic/natural calamity where the company is unable to be fully operational as per its standards, the
company might have the right to terminate your employment without notice or will have the right to pause or hold your
employment with the company until further notice with/ without in lieu of payment.
4. During the probation period of your tenure, you would
◦ Adhere to work with the norms and standards according to the company norms in case you fail to fulfill, or adhere to
the norms or the work that has assigned to you, your service would be liable to be terminated at any time, without
further notice to you and with/without in lieu of the payment as set out in Annexure-A.
◦ Perform your work diligently, honestly and maintain a high standard of loyalty, efficiency and secrecy.
◦ You will adhere to work norms and achieve targets as would be laid down by your superior(s) and/ or client concerned
and in case you fail to fulfill, achieve and/or achieve the targets and/ or to do re-work which is rejected results in
termination of your employment, with/without in lieu of payment at the discretion of the superior or service provider , at
any time during your probation period, with/without giving further notice.
◦ You will be governed by all terms and conditions of service applicable to employees of the Company that are currently
operational. The Company reserves the right to modify the terms and conditions of employment as and when required
you shall be deemed to have accepted such terms and conditions if you continue your employment with the Company.
◦ During the probationary period if your service is unsatisfactory your employment will terminated with immediate effect
without Full and Final Settlement (“F&F”)
5. During the period of your tenure, you would
You will be entitled to work with the following terms and conditions;
◦ You will adhere to rules and regulations of the company and perform your work diligently, honestly and maintain a high
standard of loyalty, efficiency and secrecy.
◦ You will adhere to work norms and achieve targets as would be laid down by your superior(s) and/ or client concerned
and in case you fail to fulfill, achieve and/or achieve the targets and/ or to do re-work which is rejected results in
termination of your employment, with/without in lieu of payment at the discretion of the superior or service provider , at
any time during your employment period, with/without giving further notice.
◦ You will adhere to report directly to the immediate superior regarding your team performance.
◦ You will be responsible for efficient, satisfactory and economical discharge of duties that will be assigned to you from
time to time.
◦ It will be your sole responsibility to maintain the team and their performance.
◦ You will have to guide the team with their targets to work effectively and efficiently.
◦ You shall devote your entire time to the faithful and diligent performance of your duties. You will not engage either
directly or indirectly in any activity that competes with the interests of the Company or conflicts with your duties towards
the Company.
◦ After the probation period, your employment may be terminated at any point of time by giving 7 days “notice (through
a letter/email, with or without assigning any reason whatsoever) or with or without the payment of salary in lieu of 7
days’ of notice”.
(Notice includes Performance Improvement Plan(“PIP”), if your performance is not satisfied according to the company
norms)
6. Termination:
◦ If you wish to terminate your employment, you are required to give [90 days] prior written notice or payment of 90
days salary in lieu of notice period. Conversely the company may, at its sole and absolute discretion, waive off the notice
period of 90 days or reduce if it considers circumstances so warrant.
◦ In case or an account of the company desiring to terminate the employment, it may, sole and absolute discretion, do
so by giving 90 days of basic salary in lieu of notice.
◦ During the notice period if the duties are not performed according to the company standards, you are liable to be
terminated with/without Full and Final Settlement (“F&F”). In case of non professionality or negligence, mischief,
misconduct or misbehavior noticed regarding the performance of your duties during the notice period you will be fully
responsible for the cause of loss incurred or likely to be incurred by you, and to bear the losses arising out of the same.
◦ Release from the services of the company will be done in writing or in email only after the company is satisfied
regarding proper handover of all documents and company assets, if any.
The company may terminate your employment immediately upon summary notice, without notice or compensation if it is
found that you have:
I. Wilfully disobey a lawful or reasonable order from the superiors or the company’s rules and regulations applicable for
conducting your service; or
ii. Conduct yourself in any manner that is inconsistent with the due and faithful discharge of your duties or services; or
iii. Committed to a crime involving of moral turpitude (whether or not such crime was committed in connection with the
Company’s business ) or committed any other criminal act or omission involving theft, embezzlement, dishonesty,
disloyalty or fraud towards the company’s business or any of its customers; or
iv. Breach of fiduciary duties, rules and regulations were of gross negligence, or have committed wilful misconduct,
mischief, misconduct or misbehavior towards the company in connection with the performance of your duties or
services; or
v. Breach of any terms and conditions of this offer letter or misuse of the Intranet, Employee Portal (Peopledesk)
Business Data or any business secrets or relating to the business.
vi. Commission or omission of any act results in any non compliance will be dealt in accordance with the governing laws.
vii. Been found guilty of any other act of misconduct.
Viii. In case you are continuously absent from your duties without permission of your immediate manager for more than
3 days.
Annexure-A
Annual CTC (A + B) 4,00,000
Particulars Amount (Yearly) Amount (Monthly)
Basic Salary 1,20,000 10,000
House Rent Allowance 60,000 5,000
Conveyance Allowance 12,000 1,000
Medical Allowance 12,000 1,000
Statutory Bonus 12,000 1,000
Other Allowance 60,000 5,000
Gross Salary (A) 2,76,000 23,000
Provident Fund ( Employer Contribution ) 14,400 1,200
ESI (Employer Contribution ) 0 0
Gratuity 0 0
Retirement Benefits (B) 14,400 1,200
Provident Fund ( Employee Contribution ) 14,400 1,200
ESI (Employee Contribution ) 0 0
Professional Tax 2,400 200
Total Deductions (C ) 16,800 1,400
Net Take Home (A - C) Before TDS deduction 2,59,200 21,600
Performance Linked Incentive (D)
Calculated at the end of every quarter and paid in the first 150,000 12,500
month end of the upcoming quarter.
Please Note that your PLI is linked with the monthly target given by the management and is paid only if 70 % of the
target or more is achieved.
You undertake to be bound by any rules and regulations enforced by Stellarslog technovation Pvt Ltd from time to time
in relation to conduct, discipline, or any matters relating to service conditions which will be deemed as rules,
regulations and order as part of these terms of employment.
If in case the company found that or noticed that any illegal, non reputed, negative comments, negative image of the
company or it’s employee’s, management, superiors or such other person affiliated to the company while in the
employment or termination or resignation or any time thereafter results in legal actions to be taken against the same.
If you are unable to join the duties on the stipulated time and date, this Appointment given to you will stand cancelled
or withdrawn automatically. We will be grateful if you return the duplicate copy of this letter, duly signed in token of
acceptance of the terms and conditions of your employment, within two days of you receiving this letter.
In case if you have failed to return the duplicate copy of it within 2 days this appointment letter will automatically
come to an end.
“We look forward to your response to this letter. Your skills and experience would be valuable for this role. We believe
that you will be a valuable asset for the company and wish you all the best.
For any questions or further explanation, you could get in touch with the HR Team. We at Taskmo look forward to
building a positive working relationship”.
Yours Sincerely, I hereby accept the above terms and conditions
and agree to abide by the same.
For Stellarslog Technovation Pvt Ltd
Name: M Srikanth Reddy
Signature:
Head - supply and growth Date: 1 0 /10/2025