EX-4.25



 Exhibit 4.25 

Confidential Treatment Requested 
 The portions of this
document marked by “XXXX” have been omitted pursuant to a request for confidential treatment and have been filed separately with the Securities and Exchange Commission. 

 
  

							
	 




		 INDIA NON JUDICIAL
  

Government of National Capital Territory of Delhi

 
 e-Stamp

 
		

  

					
	Certificate No.		:		IN-DL18738589198670M
			
	Certificate Issued Date		:		06-Oct-2014 03:11 PM
			
	Account Reference		:		IMPACC (IV)/ dl862203/ DELHI/ DL-DLH
			
	Unique Doc. Reference		:		SUBIN-DLDL86220334344232644272M
			
	Purchased by		:		CONCENTRIX DAKSH SERVICES INDIA PVT LTD
			
	Description of Document		:		Article 5 General Agreement
			
	Property Description		:		Not Applicable
			
	Consideration Price (Rs.)		:		0
			
					(Zero)
			
	First Party		:		CONCENTRIX DAKSH SERVICES INDIA PVT LTD
			
	Second Party		:		Not Applicable
			
	Stamp Duty Paid By		:		CONCENTRIX DAKSH SERVICES INDIA PVT LTD
			
	Stamp Duty Amount(Rs.)		:		100
			
					(One Hundred only)

 Amendment to the 

Business Process Outsourcing Services Agreement And 

Statement of Work 

Dated March 05, 2008 

By and between 

MAKEMYTRIP INDIA PRIVATE LIMITED 

And 
 CONCENTRIX DAKSH
SERVICES INDIA PRIVATE LIMITED 








 Confidential Treatment Requested 

The portions of this document marked by “XXXX” have been omitted pursuant to a request for confidential treatment and have been filed separately with
the Securities and Exchange Commission. 
  

 This Amendment Agreement (“Amendment No. 17”) dated 18th October,
2014 to Business Process Outsourcing Services Agreement dated March 05, 2008, First Amendment dated July 16, 2008, Second Amendment dated July 28, 2009, Third Amendment dated November 4, 2009, Fourth Amendment dated
December 09, 2010, Fifth Amendment dated December 10, 2010, Sixth Amendment dated December 18, 2010, Seventh Amendment dated April 7, 2011, Eighth Amendment dated October 27, 2011 9th Amendment dated December 29,
2011, 10th Amendment dated July 4, 2012, 11th Amendment dated November 1, 2012, 12th Amendment dated July 1, 2013 ,13th Amendment dated September 25, 2013, 14th Amendment dated June 26,2014 ,15th Amendment effective July 28, 2014 and 16th Amendment dated October 01, 2014, thereto and Statement of Work dated March 05, 2008 and Statement of Work for OBT and DH dated January 1, 2012 (collectively referred to as
“Agreement”) is made at New Delhi: 
 By and between: 

MakeMyTrip (India) Private Limited, a Company registered under the Companies Act, 1956 and having its head office at 243, S P Infocity,
Udyog Vihar, Phase I, Gurgaon, 122016 (hereinafter referred to as “MMTL/Customer” which expression shall, unless repugnant to or inconsistent with the context, mean and include its successors and permitted assigns), of the ONE
PART; 
 AND 
 Concentrix
Daksh Services India Private Limited formerly known as IBM Daksh Business Process Services Private Limited, a Company registered under the Companies Act, 1956 and having its registered office at Unit # 101, 2nd Floor, Westend Mall,
District Centre, Janakpuri, New Delhi-110058 (hereinafter referred to as “Concentrix Daksh” or the “Service Provider”, which expression shall unless repugnant to the context or meaning thereof, include its successors and
permitted assigns), through its duly authorized representative of the SECOND PART; 
 WHEREAS MMTL and IBM Daksh have executed
a Master Service Agreement dated March 05, 2008 (hereinafter referred to as “the Agreement”) including Statement Of Work (‘SOW”) which sets forth the services, functions and responsibilities that IBM Daksh has agreed to
perform for MMTL and the associated responsibilities of the Parties and both Parties agree to amend the Agreement as mentioned below. 

TERMS AND CONDITIONS GOVERNING THIS AMENDMENT NO. 17 
  

	 	I.	Parties herby agree to amend section VI, of Amendment 11, dated November 1, 2012 with the following Current gain share grid which would be effective for the month of April, May and June ’14.


  

																			
	 Current GAIN SHARE GRID for AMJ

	 XXXX 
	 	 XXXX 
	 	 XXXX
	 	 XXXX
	 	 XXXX

	 XXXX
	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX
	 XXXX
	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX
	 XXXX
	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX
	 XXXX
	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX
	 XXXX
	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX









 Confidential Treatment Requested 

The portions of this document marked by “XXXX” have been omitted pursuant to a request for confidential treatment and have been filed separately with
the Securities and Exchange Commission. 
  

 And the following Gain Share Grid effective July 01, 2014: 

 

																			
	 PROPOSED GAIN SHARE GRID (Effective 1st Jul 2014)

	 XXXX 
	 	 XXXX 
	 	 XXXX
	 	 XXXX
	 	 XXXX

	 XXXX
	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX
	 XXXX
	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX
	 XXXX
	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX
	 XXXX
	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX
	 XXXX
	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX	 	XXXX

  

	 	II.	This Amendment No. 17 shall be effective from April 01, 2014 (“Amendment No. 17 Effective Date”) and shall be co-existent and co-terminus with the Agreement. 


 

	 	III.	Except for the amendments provided hereunder, all other terms and conditions of the Agreement, which have not been specifically changed / amended / modified hereunder, shall remain unchanged and continue to be binding
between the Parties and the same shall be deemed to be a part of this Amendment No. 17 by reference. 

  

	 	IV.	This Amendment No. 17 read together with the Agreement reflects the complete understanding between the Parties. This Amendment No. 17 is incorporated into and deemed to be part of the Agreement.


  

									
	For MakeMyTrip (India) Private Limited	 		 	For Concentrix Daksh Services India Private Limited
					
	 By:
	 	/s/ JASMEET SINGH	 		 	 By:
	 	/s/ SUNIL K. GUPTA
					
	Name:	 	JASMEET SINGH	 		 	Name:	 	SUNIL K. GUPTA
					
	Title:	 	HEAD – CUSTOMER CONTACT GROUP	 		 	Title:	 	CFO
					
	Date:	 	8 October 2014	 		 	Date:	 	8 October 2014
					
	Seal:	 		 		 	Seal: