17th May 2021
Employee Name: Prasad Parshurame
SAP Token ID: 23167896 Department: Sales & Marketing
Grade: MM1 Sub – Department: Irrigation Projects & Technical
Services
Designation: Assistant General Manager
Dear Prasad Parshurame,
The year gone by has indeed been a very challenging year for all of us due to the pandemic. During this year,
various cost containment / postponement measures were taken to ensure business continuity which has
resulted in significant improvement in our business performance.
It is heartening that despite the challenges, our employees chose to RISE and have continued their
commitment to positively impact farmer prosperity.
In appreciation of your support, it is my pleasure to announce that we have advanced our Pay revision cycle on
a one-off exceptional basis only for this year from August 2021 to April 2021. The next annual increments will
be now due in August 2022 and will follow the normal increment cycle. You will be pleased to know that your
revised salary will be effective from 1st April 2021, as per the details given in the Annexure to this letter.
Your Overall Appraisal Rating for F21
Your Appraisal Rating is a combination of your performance and potential. The Rating for you is “S+“
Your Revised Salary
Your salary (CTC) has been revised by 7%. Details of the revised salary are present in the Annexure.
Your Performance Pay for F21
As already communicated, your Performance Pay shall be computed and paid out in July 2021, precise details
of which shall be communicated in due course of time.
We appreciate your valuable contribution and take this opportunity to thank you once again for all your
efforts. Kindly treat your salary as confidential & personal to you and it should not be shared with anyone. Any
breach of this confidentiality will be viewed seriously.
Abhijit Page
Chief Executive Officer
Annexure
Employee Name: Prasad Parshurame
SAP Token ID: 23167896
Salary Components in (INR) Revised w.e.f. 1st April ’21
(Monthly)
Basic Salary 26412
HRA 7924
Conveyance allowance 1600
Special allowance 70850
Sub – Total (A) 106786
LTA – 8.33% 2200
Bonus/ Ex – Gratia 2200
Performance Pay 16260
Sub – Total (B) 20660
Provident Fund 3169
Personal Accident Policy 198
Group Gratuity Scheme 729
ESIC (if Sub – Total (A) <=21,000/- -
Superannuation scheme 3962
Sub – Total C 8058
Total – A + B + C – Monthly 135504
Revised Annual CTC 1626048
Abhijit Page
Chief Executive Officer
