Unpaid salaries, bounced cheques: 700 lose jobs as Pune IT firm abruptly shuts ops
The company initially built trust through timely salaries and intern stipends, but employees say payments began getting delayed earlier this year, with salaries due since February remaining unpaid.
More than 700 employees, including software engineers, fresh graduates and interns, have been left without jobs after a Pune-based IT company allegedly shut down operations without notice, triggering complaints over unpaid salaries, bounced cheques, lack of communication from management and allegations of serious financial misconduct.
The company, Thynk Technology India, operated from Hinjawadi Phase II in Pune and had conducted large-scale recruitment drives throughout 2025.
Hundreds of young professionals joined the firm, attracted by promises of career growth and stable employment in Pune’s thriving IT sector.
According to employees, the company initially maintained regular salary payments and provided stipends to interns, creating confidence among staff members.
However, concerns began surfacing earlier this year when salary payments started getting delayed.
Employees alleged that salaries due from February onwards were not credited on time.
ONLY ASSURANCE, NO PAYMENT
Several workers said they repeatedly approached the management for clarification, only to receive assurances that payments would be released after the completion of internal financial and administrative processes.
Despite these assurances, employees claim that pending salaries remained unpaid for months.
The situation worsened when workers discovered that the company’s office had abruptly ceased operations. Many employees said they were unable to contact senior management or obtain any clarity regarding their employment status.
Adding to their difficulties, several workers alleged that salary cheques issued by the company were dishonoured when they tried to encash them.
The bounced cheques have further intensified financial hardships for affected employees, many of whom are struggling to meet household expenses, rent obligations and loan repayments.
The matter has now been taken up by the Forum of IT Employees (FITE), an organisation representing workers in the technology sector.
According to FITE president Pavanjeet Mane, a large number of affected employees approached the organisation after failing to receive salaries or responses from the company’s management.
Mane described the incident as a serious case involving alleged financial irregularities affecting hundreds of workers.
He also claimed that some employees were asked to deposit around Rs 15,000 as security money for laptops and other office equipment.
Concerns regarding the company’s functioning have been raised with the relevant authorities, including the Labour Department, he said.
POLICE COMPLAINT FILED
In response to the situation, affected employees have filed complaints with the police and the Maharashtra Labour Commissioner’s office, seeking intervention and recovery of pending dues.
Authorities are currently examining the complaints and gathering information before deciding on further legal action.
Senior Police Inspector Balaji Pandhare of Hinjawadi Police Station confirmed that complaints have been received and that a preliminary inquiry is underway.
Police officials said the allegations are being verified and that efforts are being made to contact company representatives, who are reportedly unavailable at present.
Deputy Labour Commissioner Nikhil Walke also confirmed receiving complaints from employees and said the department has initiated a review of the matter. Officials are expected to examine allegations related to unpaid wages, recruitment practices and other employment-related concerns raised by workers.
The case has sparked concern within Pune’s IT community, with hundreds of employees awaiting clarity on their dues and future employment prospects.