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Recently i have attended a interview for company IKSHVAKA IT PVT LTD. and i was selected, and they said to pay 20,000 and there will be 2months training, and there is one year bond, before training we have to pay 10,000 and after training 10,000. So iwant to knoe that is it a genuine company or not?
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Hi Venkat,
It is very common for IT companies to make you sign service bond as they'd train you and would incur a cost. Ideally training is provided by the company and so they make you sign the bond. if you break the bond, they'd charge you training cost.
I would suggest you to first meet the employees there and try to get in touch with them (out of campus if possible) and understand the know-hows...
Paying training charge also and siging a bond also is like trying to charge you twice coz if you'd break the bond, they'll ask you to pay service charge.
Also service bonds are illegal in India. An employer can make the employee sign the bond only for the assurance that if he breaks the bond, he'll have to pay training cost. In your case, you're paying your training cost. so recovering it after breaking bond, dont come into picture.
You can start looking for other firms is what i would like to conclude my post with.
Is the company based in Hyderabad ?
There is nothing on google about it except their CEO and directors profile on linked in and yahoo.
The only other info appearing is your post on citehr :)
You have visited the office. What does it look like ? How many people were there ? What ad they doing ? The posts on google seem to indicate they are doing multimedia work for overseas clients.
What are they giving training on ? Ismthat training worth 20k if done outside ?
Your decision should be based on all these
Rule of thumb: Any company which asks you to pay and only then they will give you a job is not worth working for, or as some others said, a third rate company. Run for cover.
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