ON VIRTUAL EMPLOYEE Alternate to Conventional Offshore Outsourcing

ON “VIRTUAL EMPLOYEE” …. . Alternate to Conventional Offshore Outsourcing and Hiring In-House

WHAT IS “VIRTUAL EMPLOYEE”? Virtual Employee (VE) means your employee not physically located with in your own office in home country but located in offshore locations and works for you remotely under your complete control and management as if he/she is your own employee, with no employee liabilities. FEATURES ü VE is employee of service provider legally but in practice it is client’s employee. ü VE works with the client and the client gives instructions on daily basis, allocates daily tasks, responsibilities and duties, time line exactly the way as if the client does with own employee in its own office. ü Client is responsible for the work output and delivery from VE. ü Client retains ownership over the IPs and work product, produced by VE.

WHY HIRE A VIRUAL EMPLOYEE FROM INDIA Best Talent Pool In India ü Saves more than 70% of your Recruitment Budget. Literacy Rate (Youth Literacy Rate) 82 % (2001) ü Saves more than 70% of your Payroll Budget No of Graduate per annum *** 3. 5 Million (25% increase in 4 years) ü Best Talent Pool in India (Multi-Disciplined) 20 % (Per Annum) ü Over 3. 5 million Graduates and Post Graduates are added annually to the Talent Pool Average Increase in Number of engineering students *** Number of Engineering Graduates *** 350, 000 (Per Annum) 2. 9 Million (Per annum) ü Strong Economic Fundamentals. ü Young Demographic Profile - 60% of Population in the Age Group of 24 -26 Years. Number of Graduates from non technical stream including science, commerce and arts*** ü Work 24 X 7 No of universities*** 369 ü Excellent English Language Skills 18064 ü Intelligent Infrastructure. Number of Higher Educational Institute*** ü Gives you flexible hours ***Source : - NASSCOM ATKEARNEY Strategic Review 2009

HOW DOES IT WORK? Client We ü Instructs their Employee on Daily Task, Responsibilities and Duties ü Recruitment and Selection ü Decides How to Implement and Execute Work ü Payroll Management ü HR Management ü Decides What hours Employee will Work ü Sets Work Deadline ü Supervises and Monitors Work ü Responsible for Work Output and Delivery ü Training and Development of VE ü Formulation of HR Policy, Work Ethics Guidelines and Procedures ü Dedicated Work Stations & IT Infrastructure ü IT Help Desk ü Support Services / Back office Operation

VIRTUAL EMPLOYEE PROCESS FLOW 1. Requirement Analysis In dept discussion with our client to ensure our complete understanding of the position & responsibilities required of the successful candidates. 2. Identify Prospective VE Using our network of contacts, our database and advertising we start to build a list of prospective candidates. 5. Reference Checking In practice to directly, contact supervisor, peers & subordinates of past and if possible, current employer Formal Employment 3. Initial Screening and Interview 4. Presentation to client Presentation of final candidates is made to our client in writing via a detailed confidential report containing our summary appraisal of each short listed candidate. This is followed by introduction of candidates to the client. Screening of potential candidates prior presentation to client. This step includes in-dept evaluation interviews, attitude 7 aptitude tests, language level assessment and problem solving ability test

WHAT IS REQUIRED & WHAT WE OFFER What is Required What we offer ü Dedicated Virtual Employee ü Yes ü Work Station ü Yes v v v v v Furniture Personal Extension White Board Storage Task Light Music Port Networking Executive Cabin Project Manager Room-cum-Meeting Room Extension with only Incoming Facilities Desktop Printer Individual Voice & Data Port PSTN Lines Provisions for UPS Room Provisions for Server Room Independent Access Control ü Yes ü Yes ü Yes ü Yes ü HR Services ü Yes ü IT Help Desk ü Yes ü Support Services ü Yes Note: In case, you require 8 -10 virtual employees, we can provide you with “Private Modular Facilities” comprised of 8 -10 workstations with executive cabins & project meeting room having Independent access control.

SERVICES Following are the functional areas in which we provide Virtual Employee services ü Accounting, Finance, Tax ü Architecture, Interior Design ü Banking, Insurance ü HR ü Administrator ü IT software ü ITEB / BPO ü Legal ü Sales & Marketing / Business Development ü Purchase / Logistics / Supply Chain

ADVANTAGES OF VE ü Very Cost Effective - Workforce and IT Infrastructure just at 1/5 th of the cost with improved efficiencies ü No employee liabilities ü No set up time ü Offshore Presence without setting up Corporation or Branch Office ü Best Alternate to Conventional Offshore Outsourcing and Expansion In-House ü Save time, effort and money and hassles in sourcing, interviewing and recruiting workforce ü No Payroll management and HR management activities. ü No investment in infrastructure thereby saving huge “Capex”. ü Leveraging of global resources to cut down cost and improved efficiencies. ü No Compliance cost ü Highest Level of Confidentiality, Privacy and Secrecy of Information. ü Full Ownership on IPs and Work Product produced by VE ü High Level Quality Governance

PRICE Minimum Price USD 899 Per Employee Per Month Price of the VE depends on : ü Experience ü Skills ü Expertise Price Includes: ü ü ü Manpower & HR Services Dedicated Intelligent Workstation & IT Infrastructure Shared Facilities & Services IT Help Desk Back Office Services / Support Services

DETAIL BREAKUP OF SERVICES INCLUDED IN PRICE Manpower & HR Services ü ü ü Identification & Short listing of Desired Resources Preliminary Interview Final Selection and Interview by Client Training and Development Deployment of Dedicated Resources as per the Skill, Experience and Expertise. Payroll Management Benefits & Compensation Management Performance Management Separation Management Immigration & Expatriation Workforce Management HR Analytics Common Facilities & Services ü ü ü ü Common Visitor / Interview Room Maintenance General House Keeping Master Reception Full Air Conditioning Model Fire Detection & Restraint Systems with Sprinklers Fire & Smoke Detectors Water Bodies Gymnasium Waiting Area on each Floor Parking – 200 Inside and 500 Outside (chargeable) Centralized Air Conditioning Lifts Green Areas Water Bodies Staircase Dedicated Intelligent Workstation & IT Infrastructure ü ü ü ü ü Work Station v Furniture v Personal Extension v White Board v Storage v Task Light v Music Port v Networking v Executive Cabin Project Manager Room-cum. Meeting Room Extension with only Incoming Facilities Desktop Printer Individual Voice & Data Port PSTN Lines Provisions for UPS Room Provisions for Server Room Independent Access Control Shared Facilities Conference Room Internet / Bandwidth Telecommunication Infrastructure State of the Art Auditorium Interview / Visitors Rooms High End Training Rooms Cafeteria & Pantry (Chargeable) Gymnasium Indoor & Outdoor Games 100% Power Back Up Technical Services ü ü Help Desk Technical Support Network Services Desktop Services Back Office / Support Function ü üTax v v v v v Tax Calculation and Analysis Preparation of Tax Returns Tax Filing Tax Accounting Tax Planning ü VAT Support Service Tax Support Foreign Tax Credit Preparation of Tax Schedules Administrative Services v v v Secretarial Services Time Sheets Relocation Services Travel Desk Liasioning Staff Cab Services Legal v v Incorporation & Registration Services v Contract Drafting, Review and üAccounts & Finance Management v Book Keeping v Litigation Support Services v Invoicing v Budgeting & Control v Compliance and Regulatory v Accounts Payable Management Services v Accounts Receivable v Corporate Secretarial Services Management v Patent and other IPR Support v General Ledger Accounting Services v Fixed Assets Accounting v Financial Reconciliation v Due Diligent Services v Inter Company Accounting v Immigration Services v Management Reporting v Document Management v Statutory Reporting Services v Banking & Treasury v Preparation of Financial Statements

COST SAVING AND CALCULATOR (B) IT PROFESSIONAL / SOFTWARE ENGINEER / PROGRAMMER (EXP. 3 -5 YRS) (A) ATTORNEY / LAWYER (3 -5 YRS) Sr. No Cost Now In. House (Monthly in USD) If Outsourced (Monthly in USD) Sr. No. Cost A Salary 10, 000 4, 000 B Benefits 20% of ‘A’ C A Salary 7, 000 2, 000 B Benefits 20% of ‘A’ 1, 400 Insurance 20% of ‘A’ 2, 000 C Insurance 20% of ‘A’ 1, 400 D Associated Cost 10% of ‘A’ (Recruitment, Hiring, and Training etc. ) 1, 000 D Associated Cost 10% of ‘A’ (Recruitment, Hiring, and Training etc. ) 7, 00 E Overheads 35% ‘A’ (Real Estate, Infrastructure & Support Cost) 3, 500 E Overheads 35% ‘A’ (Real Estate, Infrastructure & Support Cost) 2, 450 18, 500 4, 000 Net Savings: 18, 500 - 4000 = 14, 500 per Virtual Employee Now In. House (Monthly in USD) 12, 950 If Outsourced (Monthly in USD) 3, 500 Net Savings: 12, 950 - 3, 500 = 9, 450 per Virtual Employee (C) ACCOUNTANT (3 -5 YRS) Sr. No. Cost Now In-House (Monthly in USD) A Salary 5, 000 B Benefits 20% of ‘A’ 1, 000 C Insurance 20% of ‘A’ 1, 000 D Associated Cost 10% of ‘A’ (Recruitment, Hiring, and Training etc. ) 5, 00 E Overheads 35% ‘A’ (Real Estate, Infrastructure & Support Cost) 1, 750 9, 250 If Outsourced (Monthly in USD) 2, 500 Net Savings: 9, 250 - 2, 500 = 6, 750 per Virtual Employee 2, 500

VE FACILITY LOCATION ü Located in Chandigarh, 160 miles (towards North) from New Delhi (Capital of India) - the only planned city in India designed by World leading French Architect, in the foothills of the SHIVALIK Range of HIMALAYAS in North-West India. ü Chandigarh has been declared as one of the most preferred IT destination (3 rd Slot). Chandigarh, being Tier-III city, ensures lower labor costs, lower real estate costs and reduced Staff attrition rate (Source: Jones Lang La Salle – Leading Real Estate Management Company). ü Our Facility located in State of the Art “Rajiv Gandhi Chandigarh Technology Park” – a venture of Chandigarh Administration, Government of India. ü Our IT Facility adjacent to Infosys, Airtel, IBM, Tech Mahindra, DLF, The Grand Hyatt, Pride Asia-Asia’s self contained intelligent township. ü 10 Km from Airport, 3 Km from Railway Station, 8 Km from City Centre and 8 Km from the General Bus Stand.

VE FACILITY ü Plot size 7260 Sq. mtrs (one and half acres). ü Total covered area of more than 80, 000 Sq. ft. with 2 basements scalable up to 1, 50, 000 sq ft. . ü More than 60, State of the Art and self contained Modular facility / independent zones comprised of 8 -10 workstations each with Project Manager-cum-Meeting Room and executive cabin having independent access and control. ü High end I. T. and Telecommunication Infrastructure such as server room, UPS room, network & telecom infrastructure etc. ü Intelligent common facilities and amenities like Master Reception, Cafeteria, Gym, Games, Training rooms, Visitor / Interview rooms, Conference rooms etc. ü 100% Power Backup ü Car parking for more than 500 vehicles

WHY CHANDIGARH Chandigarh has been declared as one of the most preferred IT destination. Chandigarh, being Tier-III city, ensures lower labor costs, lower real estate costs and reduced Staff attrition rate (Source: Jones Lang La Salle – Leading Real Estate Management Company). Besides, Gartner, a leading Global marketing research firm, during their recent study, has also recognized Chandigarh as one of the most preferred IT locations. Chandigarh has also got third Slot at the NASSCOM ATKEARNEY study on location Road map for IT-BPO growth. ü Ranked No. 7 in terms of FDI (Foreign Direct investment) in India. ü Excellent Social and Business Infrastructure in India. ü Highest Per Captia Income in India ü Top IT players like Infosys, IBM, TCS, DELL, Quark, Wipro etc. are located ü High literacy rate of 81. 9% ü No. 1 in the country in Human Development Index. ü No. 1 in the country in Law and Order Index. ü More than 85 Engineering and Technical colleges in and around Chandigarh ü Large knowledge pool of more than 30, 000 qualified professionals per annum. ü Well connected by Air, Rail, and Road. ü Temperature ranges from 2 O to 40 o C. ü Cleanest, Greenest and Most Planned City in India. ü Only well planned and modern city in India.

The highlights of the study of NASSCOM ATKEARNEY in respect of Chandigarh are as under (on a scale of 1 -10): Table 1 Table 2

MAP SHOWING FACILITY LOCATION

FOUNDER / PROMOTERS ü Arti, CEO & FOUNDER (26 years) - Post Graduate & professionally qualified in Human Resource Management from India’s one of the top 10 management schools- IIM Kolkata having more than 8 years of expertise in HR Management & Administration. ü Raman Aggarwal, Advisor General (43 Years) Professionally qualified Chartered Accountant having more than 25 years of expertise in Accounts, Tax, Legal Strategy, Planning and Business Management. ü Simpy Gupta, Director (38 years) - Professionally qualified Law graduate and Company Secretary, having more than 15 years of experience in Legal & Corporate matters.

VISION, MISSION & VALUE STATEMENT Vision: To “Transform Outsourcing Services” Mission: To deliver long term benefits and measurable value to our customers by leveraging our: ü ü ü Tenets of Quality and Innovation, Best People Talent, Self Sustaining Processes Framework Cutting Edge Technology Domain Knowledge & Expertise. Value: Our value proposition is to ensure cost effective and efficient business operations by delivering technology enabled business solutions.

ADVANTAGES OF US ü ü ü ü One Stop Shop State of the Art Modular IT Facility Strategic Location Experienced Management Best People Talent Deep Domain Industry Knowledge & Expertise Best –in-Class Process and Quality System Flexible and Transparent Delivery & Engagement Model Substantial Cost Savings Scalability of Operations Low Attrition Rate through Best Recruitment & Retention Strategies Cutting Edge Technology Timely Delivery Robust Information & Security Management System Delivering the Best ROI

VIEW OF OUR IT FACILITY

F w r o g n i h c t a Virtual Employee In India Regd. office: SCO 35, Second Floor, Sector -26, Chandigarh 160 019 Tel- 91 -172 -2790366, 2790075, Fax-91 -172 -2790260, Mobile-09780240000 e-mail: arti@virtualemployeeinindia. com, dilpreet@virtualemployeeinindia. com, info@virtualemployeeinindia. com Website: www. virtualemployeeinindia. com IT Facility: Plot No. 14, Rajiv Gandhi Chandigarh Technology Park, Chandigarh-160101