Dear Yuvraj, it's time for you to talk to your immediate boss, as it is MD in your case. When he is in good mood, ask for few minutes to discuss with him your personal problems. Explain to him your problems, financial situation, family situation, your experience in the company, your achievements etc...etc. What are the problems you should discuss with your boss depends on how strong your personal relation with your MD. But, it is my advise not to make a direct comparison with your salary and the newly appointed MBA graduates salary, as it might create a negative impact. Your sucess depends on how wisely you can explain your problems to your boss. please don't get excited, emotional or angry while discussing with your boss. Don't threaten him that you will resign, if your salary is not hiked. Afterall, no company in the world is closed due to the resignation of an employee and no employee is starving as he is sacked by a company. Look at the positive side of your job. Definitely, your boss will listen to you patiently and do the needful. In parellel, please keep trying for a better job. In case all your attempts failed to resolve your problems, don't hesitate to quit the job. Let's hope for the best.