payment industry. Prior to joining our Company, he was an Executive Director at Euronet Services India
Private Limited, where he was leading IT for Asia Pacific and Middle East region. In addition, Mr. Mehta
has also worked with Citigroup, GE Countrywide Consumer Financial Services Limited, ABN AMRO and
HDFC Bank. He has been awarded the ‘HERO’ Award from Euronet in 2009, Transformers Award from
Dell EMC, Datacenter and Infrastructure ICON from CORE Media in 2017 and Digital ICON from CORE
Media in 2018. During Financial Year 2021, he was paid a compensation of 214.4 million.

Mr. Shailesh S Shetty is the managing director of our Subsidiary, SVIL. He was appointed to the board of
directors of SVIL with effect from April 1, 2019. He holds a Diploma in Industrial Electronics Service from
the Indian Technical Education Society, Mumbai and a Bachelor of Commerce degree from the Madurai
Kamaraj University. He has over 25 years of experience in the fields of supply chain and after-sales service.
He was previously associated with our Company and with Advanced Graphic Systems as Head-Purchase
and Logistics. Prior to joining our Company, he was associated as Head-Fillon with Fillon Technologies
India Private Limited. During Financial Year 2021, he was paid a compensation of 211.39 million.

Mr. Nikesh Samaiya is the Executive Vice President — Technology of our Company. He has been
associated with our Company since April 1, 2013 He holds a Bachelor of Engineering degree from the Rajiv
Gandhi Proudyogiki Vishvavidyalay (University of Technology of Madhya Pradesh) and a post graduate
diploma in business management (manufacturing and operations) from the Bharatiya Vidya Bhavan’s S.P.
Jain Institute of Management & Research, Mumbai. He has over 18 years of experience in the field of IT
and software development. Prior to joining our Company, he was chief executive officer of Carinov
Systems Private Limited, a manager at Birlasoft (India) Limited, an executive engineer at Fibcom India
Limited and a design engineer at Taran Electronics. During Financial Year 2021, he was paid a
compensation of 213.04 million.

Except for Mr. V.C. Gupte who is a consultant, all Key Managerial Personnel are permanent employees of our
Company or our Subsidiaries.

All the Key Managerial Personnel, who are permanent employees of our Company or our Subsidiaries, retire at
the age of 60 years, in accordance with the policies of our Company. If the services of any of the Key
Managerial Personnel is terminated without adequate notice, such personnel will be entitled to three months’
basic salary.

Relationship between our Key Managerial Personnel and Directors

Except as disclosed below, none of our Key Managerial Personnel are related to each other or to the Directors of
our Company.

 

 

 

 

 

 

‘Name of the KMP Relationship with Director
Mr. Ravi B. Goyal Husband of Mrs. Anupama R. Goyal
Mr. Vinayak R. Goyal Son of Mr. Ravi B. Goyal and Mrs. Anupama R. Goyal

 

Shareholding of Key Managerial Personnel

For details of the shareholding of our Key Managerial Personnel, see “Capital Structure — Details of the
Shareholding of our Directors and Key Managerial Personnel as on the date of filing of this Prospectus” on
page 92.

For details of employee stock options held by our Key Managerial Personnel, see “Capital Structure — Employee
Stock Option Schemes” on page 92.

Bonus or Profit-Sharing Plan of our Key Managerial Personnel
Our Company makes bonus payments to the key managerial personnel at the end of every financial year, in
accordance with the terms of their appointment. Certain key managerial personnel are also paid a performance-
linked incentive in accordance with the terms of their appointment.

Arrangement or Understanding with Major Shareholders, Customers, Suppliers or Others

There are no arrangements or understanding with major Shareholders, customers, suppliers or others, pursuant to

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