1. THERMAX LIMITED THERMAX HOUSE, 14 MUMBAI PUNE ROAD,
WAKDEWADI,PUNE 411003, INDIA TEL : (020) 25542122, 25542263
FAX : (020) 25541226 Website : www.thermaxglobal.com
IT PAN - AAACT 3910D Customer Care : 18002090115 (India Toll Free)
Corporate Identity No. L29299PN1980PLC022787 Human Resources Division
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REGD. OFFICE : D 13, MIDC INDUSTRIAL AREA, R. D. AGA ROAD, CHINCHWAD, Pune : 411 019. INDIA
Date: 01-Jul-2016
Name: Kiran Sirsath
Emp.No.: 0A7329
Dear Kiran Sirsath,
Global economy in both emerging and developed markets witnessed sluggish growth and
subdued performance; however, the Indian markets showed signs of recovery, albeit it
was confined to consumption-led sectors.
The domestic economic scenario continues to be stressful for capital goods industry.
After a growth in FY 15 we saw decline in revenue and profits in the year gone by. The
company has started the new financial year with a lower order booking. While we look
forward to increase our market share in sectors of domestic economy that are growing and
selected international markets, we have to strengthen our internal efficiency and ensure
cost optimization towards realizing our immediate and long term goals.
I am confident that our concerted efforts will bear fruits through productivity improvement
and competitive offerings.
In recognition of your excellent performance and potential to contribute at significantly
higher levels, we are happy to inform you of your promotion to:
Grade : P3
Designation : Senior Executive
Consequently, with effect from 01-Jul-2016, your Basic Salary has been revised to Rs.
19188/- pm (Rupees Ninteen Thousand One Hundred Eighty Eight only ).
We value your contribution and look forward to your continued support to make Thermax
a globally respected and high performance organization.
With best wishes,
Shekhar Kashalikar
SBU Head - Solid Fuel
Encl: Revised Salary Details ( Annexure – I )

2. Page 2 of 2
Date: 01-Jul-2016
Annexure – I
Emp. No : 0A7329
Name : Kiran Sirsath
Organization : B&H-Solid Fuel
COMPENSATION PACKAGE EFFECTIVE: 01-Jul-2016
PRESENT PM REVISED PM DIFFERENCE
GRADE P4 P3
BASIC 18043 19188 1145
HRA 9420 10095 675
CONVEYANCE 1800 2000 200
EDUCATION ALLOWANCE 200 200 0
LUNCH ALLOWANCE 1000 1000 0
MISC. ALLOWANCE 2526 4605 2079
SPECIAL ALLOWANCE 6594 4789 -1805
SHIFT ALLOWANCE 1875 2000 125
SUB TOTAL 1 41458 43877
LTA 917 958 41
MEDICAL 1504 1599 95
SUB TOTAL 2 2421 2557
SUPERANNUATION 180 192 12
NATIONAL PENSION
SYSTEM
0 0 0
PF/EPS 2165 2303 138
GRATUITY 867 923 56
SUB TOTAL 3 3212 3418
GROSS TOTAL 47091 49852 2761
Note: HRA payment applies where CLA is not availed.
Employees under company car scheme will get conveyance allowance as
per the scheme.