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Expleo Solutions Limited (formerly known as SQS India BFSI Limited)Notes to the Consolidated Financial Statements for the year ended March 31, 2019Disclosures as required under Ind AS 24 'Related Party Disclosures'a) Related Parties and their relationships(i) Ultimate Holding Entities:Assystem SA, FranceArdian LBO Fund VI B(ii) Holding Company:Expleo Technology Germany AG (formerly known as SQS Software Quality Systems AG), Germanyiii) Key Management Personnel (KMP):Aarti Arvind - Managing Director & CEO (Upto August 31, 2018)N. Vaidyanathan - Executive Director (Superannuation on September 05, 2017)Balaji Viswanathan - Managing Director & CEO (w.e.f. September 01, 2018)K. Ramaseshan - Executive Director (Upto July 17, 2018) and Chief Financial Officer (CFO) (Upto September 21, 2018)David Bellin - Chairman & Non-Executive Director (upto May 4, 2018)Prof. K. Kumar - Deputy Chairman & Independent DirectorProf. S. Rajagopalan - Independent DirectorLilian Jessie Paul - Independent DirectorRajiv Kuchhal - Independent DirectorUlrich Bäumer - Independent DirectorRené Gawron - Chairman and Non-Executive Director (Chairman - w.e.f. January 31, 2019)Ralph Franz Gillessen - Non-Executive Director (w.e.f. August 9, 2018)Diederik Vos- Chairman & Non-Executive Director (Chairman w.e.f May 04, 2018 upto January 2, 2019) (Non-Executive Director w.e.f.October 26, 2017 upto January 2, 2019)Olivier Aldrin - Non-Executive Director (w.e.f January 31, 2019)Desikan Narayanan - Chief Financial Officer (CFO) (w.e.f. September 24, 2018)iv) Fellow Subsidiaries:Expleo India Infosystems Private Limited (formerly known as SQS India Infosystems Private Limited)Expleo Technologies India Private Limited (formerly known as Assystem Technologies India Private Limited)SQS Software Quality Systems Egypt S.A.ESQS Software Quality Systems Ges.mbH, AustriaExpleo Technology UK Limited (formerly known as SQS Group Limited)Expleo Technology Ireland Limited (formerly known as SQS Software Quality Systems (Ireland) Limited)SQS Software Quality Systems (Schweiz) AG, ZurichSQS USA Inc.SQS NederlandExpleo South Africa (PTY) Limited (formerly known as SQS Group Limited, South Africa)SQS Group Ltd, Belfast, IrelandSQS North America LLCv) Post employment benefit planSQS India BFSI Limited Group Gratuity Scheme Trust1
Expleo Solutions Limited (formerly known as SQS India BFSI Limited)Notes to the Consolidated Financial Statements for the year ended March 31, 2019Disclosures as required under Ind AS 24 'Related Party Disclosures'b) Transactions with Related PartiesParticularsNature of RelationshipName of the Related PartyIncomeIncome from theservices renderedHolding CompanyFellow SubsidiariesExpleo Technology Germany AG (formerlyknown as SQS Software Quality Systems AG),GermanySQS Software Quality Systems (Schweiz) AG,ZurichSQS Software Quality Systems Ges.mbH, AustriaRs. In MillionsFor theFor theyear endedyear endedMarch 31, 2019 March 31, 201824.5265.59-9.79151.13115.23SQS USA Inc.Expleo Technology UK Limited (formerly knownas SQS Group Limited)Expleo Technology Ireland Limited (formerlyknown as SQS Software Quality Systems(Ireland) Limited)Expleo India Infosystems Private Limited(formerly known as SQS India InfosystemsPrivate Limited)SQS North America LLCSQS NederlandExpleo South Africa (PTY) Limited (formerlyknown as SQS Group Limited, South Africa)SQS Group Ltd, Belfast, .080.0314.633.8537.95-4.41Fellow SubsidiaryExpleo Technology UK Limited (formerly knownas SQS Group Limited)0.84-KMPKMPKMPKMPKMPAarti Arvind *Balaji ViswanathanK. RamaseshanDesikan NarayananN. rs' Sitting Feesand CommissionKMPKMPKMPKMPKMPKMPProf. K. KumarProf. S. RajagopalanRajiv KuchhalDavid BellinUlrich BäumerLilian Jessie 82Expenses for servicesrenderedHolding CompanyExpleo Technology Germany AG (formerlyknown as SQS Software Quality Systems AG),GermanySQSUSA Inc.Expleo Technology UK Limited (formerly knownas SQS Group Limited)Expleo India Infosystems Private Limited(formerly known as SQS India InfosystemsPrivate Limited)SQS Software Quality Systems Ges.mbH, 0.410.7811.973.208.63Fellow SubsidiaryFellow SubsidiaryFellow SubsidiaryFellow SubsidiaryFellow SubsidiaryFellow SubsidiaryFellow SubsidiaryFellow SubsidiaryFellow SubsidiaryInterest on loan givenExpensesManagerialRemunerationFellow SubsidiaryFellow SubsidiaryFellow SubsidiaryFellow SubsidiaryFellow SubsidiarySQS North America LLCFellow SubsidiarySQS Software Quality Systems Egypt S.A.EFellow SubsidiarySQS Nederland* includes perquisite value of motor car and other benefits as per the service contract including incentive.2
Expleo Solutions Limited (formerly known as SQS India BFSI Limited)Notes to the Consolidated Financial Statements for the year ended March 31, 2019Disclosures as required under Ind AS 24 'Related Party Disclosures'ParticularsOther TransactionsLoan GivenContribution paid tothe Group GratuitySchemeFinal dividend paidNature of .400.4511.4510.14Expleo Technology Germany AG (formerlyknown as SQS Software Quality Systems AG),GermanyExpleo Technology Ireland Limited (formerlyknown as SQS Software Quality Systems(Ireland) Limited)SQS NederlandExpleo South Africa (PTY) Limited (formerlyknown as SQS Group Limited, South Africa)SQS Group Ltd, Belfast, Ireland2.0815.241.040.050.111.434.471.30-Expleo India Infosystems Private Limited(formerly known as SQS India InfosystemsSQS USA Inc.SQS Software Quality Systems Egypt S.A.EExpleo Technology UK Limited (formerly knownas SQS Group Limited)Expleo Technologies India Private Limited(formerly known as Assystem Technologies IndiaPrivate Limited)5.685.601.471.042.656.791.770.86-Expleo Technology UK Limited (formerly knownas SQS Group Limited)Post employment benefit plan SQS India BFSI Limited Group Gratuity SchemeTrustHolding CompanyHolding CompanyCost ReimbursementReceivedFellow SubsidiaryFellow SubsidiaryFellow SubsidiaryHolding CompanyFellow SubsidiaryFellow SubsidiaryFellow SubsidiaryFellow SubsidiaryFellow SubsidiaryFellow SubsidiaryFellow SubsidiaryFellow SubsidiaryFellow SubsidiaryRs. In MillionsFor theFor theyear endedyear endedMarch 31, 2019 March 31, 201845.24Fellow SubsidiaryInterim dividendCost ReimbursementPaidName of the Related PartyExpleo Technology Germany AG (formerlyknown as SQS Software Quality Systems AG),GermanyExpleo Technology Germany AG (formerlyknown as SQS Software Quality Systems AG),GermanyExpleo Technology UK Limited (formerly knownas SQS Group Limited)Expleo India Infosystems Private Limited(formerly known as SQS India InfosystemsPrivateLimited)SQS Software QualitySystemsGes.mbH, Austria3
Expleo Solutions Limited (formerly known as SQS India BFSI Limited)Notes to the Consolidated Financial Statements for the year ended March 31, 2019Disclosures as required under Ind AS 24 'Related Party Disclosures'ParticularsRs. In MillionsAs at March 31, As at March 31,20192018Nature of RelationshipName of the Related PartyFellow SubsidiaryExpleo Technology UK Limited (formerly knownas SQS Group Limited)Expleo Technology Ireland Limited (formerlyknown as SQS Software Quality Systems(Ireland) Limited)SQS Software Quality Systems Ges.mbH, Austria42.5353.9012.007.0241.5814.87Expleo India Infosystems Private Limited(formerly known as SQS India InfosystemsPrivate Limited)Expleo Technology Germany AG (formerlyknown as SQS Software Quality Systems AG),GermanyExpleo South Africa (PTY) Limited (formerlyknown as SQS Group Limited, South Africa)SQS USA Inc.SQS North America 5-1.402.71Outstanding BalancesAmounts ReceivablefromFellow SubsidiaryFellow SubsidiaryFellow SubsidiaryHolding CompanyFellow SubsidiaryFellow SubsidiaryFellow SubsidiaryAmounts Payable toHolding CompanyExpleo Technology Germany AG (formerlyknown as SQS Software Quality Systems AG),GermanyFellow SubsidiaryExpleo Technology UK Limited (formerly knownas SQS Group Limited)Fellow SubsidiarySQS USA Inc.Fellow SubsidiaryExpleo India Infosystems Private Limited(formerly known as SQS India InfosystemsPrivate Limited)Fellow SubsidiarySQS Software Quality Systems Ges.mbH, AustriaFellow SubsidiarySQS NederlandFellow SubsidiarySQS North America LLCFellow SubsidiaryExpleo Technologies India Private Limited(formerly known as Assystem Technologies IndiaPrivate Limited)Post employment benefit plan SQS India BFSI Limited Group Gratuity SchemeTrustKMPKMPKMPKMPKMPKMPKMPKMPKMPKMPAarti ArvindK. RamaseshanBalaji ViswanathanDesikan NarayananProf. K. KumarProf. S. RajagopalanRajiv KuchhalDavid BellinUlrich BäumerLilian Jessie 601.050.600.60Outstanding Balanceof Loan GivenFellow SubsidiaryExpleo Technology UK Limited (formerly knownas SQS Group Limited)45.24-Interest Receivableon LoanFellow SubsidiaryExpleo Technology UK Limited (formerly knownas SQS Group Limited)0.82-Provision forexpenses** Denotes an amount less than Rs. 5,000/-.4
Expleo Solutions Limited (formerly known as SQS India BFSI Limited)Notes to the Consolidated Financial Statements for the year ended March 31, 2019Disclosures as required under Ind AS 24 'Related Party Disclosures'c) Details relating to Compensation paid to Key Managerial PersonnelRs. In MillionsFor theFor theyear endedyear endedMarch 31, 2019 March 31, 2018KMPShort-term Benefits28.4442.24Employee benefitsPost-employment benefits***expenseShare based payments0.9828.4443.22*** Remuneration to Key Managerial Personnel does not include charge for gratuity and compensated absences, as employee-wise breakupis not available.ParticularsNature of RelationshipDetails5
Fellow Subsidiary SQS Software Quality Systems Ges.mbH, Austria - 3.63 Fellow Subsidiary SQS Nederland 1.34 4.65 Fellow Subsidiary SQS North America LLC 0.08 0.45 Fellow Subsidiary Expleo Technologies India Private Limited (formerly known as Assystem Technologies India Private Limited) .
