Directors vanished after taking money, claim recruits

 A group of engineering students on Saturday claimed that the directors of a company vanished after pocketing Rs 25,000 and original certificates from each of the 500 new recruits.

Most of them were BTech and BE graduates and were recruited as trainees by PC Technology Pvt Ltd, a Delhi-based company. The firm had opened its branch in Bengaluru at Novel Business Park in Adugodi around February this year. 

“We were given a week-long holiday for Independence Day and Raksha Bandhan. But, little did we know that they were using that time to shut the company. When we returned on Saturday, our office and the official website were shut down. Repeated efforts to contact the management proved futile,” Venkat Kumar G, who has been working since March this year as a trainee, said. He was among the many to approach the Ashoknagar Police on Saturday to register a complaint against the company.

“The firm has recruited more than 500 people as trainees by collecting Rs 25,000 each as bond which was refundable. Besides, we were promised stipend and confirmation after 90 working days. But both did not happen. Knowing that the 90th day was approaching, they closed operations three days in advance,”  Yogendra G, who moved from Chittoor in Andhra Pradesh to the city looking for a job told DH.

Mohan H N, who lives in Basaveshwaranagar, said, “Jobs were offered only to those who paid Rs 25,000 with no consideration for employability. When we asked for stipend, the employers said it will be paid after 90 working days.’’ Some were selected through campus interviews. “Twenty-five of us were recruited during a campus interview at Ananth Laksmi Institute of Technology and Science, Anantapur, Andhra Pradesh. We took the job as it was registered under the Ministry Of Corporate Affairs (MCA). Our college should have done a little background check,” Srinivas Ramayanam said.

An HR manager of the company, requesting anonymity said: “The management head wanted us to recruit 45 people out of 50 we interviewed. We had to recruit those who were willing to give the bond amount. Apart from the 500, we had recruited about 300 more people in the last two weeks. But, they were lucky as they were supposed to join work from Monday with Rs 25,000 cash,” she said. Meanwhile, the Ashoknagar police said they would file a first information report after conducting a preliminary inquiry.

About the company

P C Technology Pvt Ltd was registered on March 2015 under the Registrar of Companies (RoC) in Delhi. Pankaj Kumar and Chaya Singh  (in pic) are the directors. The firm also has branches in Kolkata, Mumbai, Hyderabad, Visakhapatnam and Nagpur.

All of these offices employing nearly 5,000 people with a similar methodology are said to have closed down, according to the employees. There are no good reviews about the company on different reviewing websites. Of them, Indian consumer complaints forum website states that it is a fake company.