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Defunct company luring candidates with higher pay
Jan 24, 2017 06:29 PM 1999 Views

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Medisys EduTech is a defunct company.. Basically a promoter driven company with promoter mindset.NEA (a US based venture capital fund) invested a huge sum of money in this company but all of that has been syphoned out by the new management team appointed by NEA (MD-MN Rao, CFO- Satyanand Bhattipurolu, EVP Corporate Affairs- Parthsarthy Velhru) . The situation is that the company has not paid salaries to its employees since July 2016 and its vendors for past one year.. Employees are being retained by telling lies shamelessly about new fund raising and pass as much time as possible without paying then keeping them in false hopes and the main agenda is to play with career of people. New candidates are hired at much higher salary from their existing pay just to spoil their career.. cause they are not going to get paid. Its so sad to see such a potential company in such a bad state. Existing management is shamelessly taking out funds for their extravagant and purposeless personal expenses. They are not even paying status ore dues like Provident Fund and TDS of employees.


Please stay away from this company friends.. This is a big cheater company to fool you to come at higher salary leaving your existing job but you will not get even a single rupee of salary.


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