Dear Musheer, I understand your present situation. Don't be disappointed; instead, try to update your knowledge base. I would like to suggest joining a small company or organization to gather experience. In the meantime, don't think of yourself solely as an MBA; learn from your practical experiences.
You mentioned that you're working in a concern. Observe how they handle all types of statutory and social compliances and solve employees' problems. This will help you in the future. During this period, keep updating your resume and post it on all job portals. Above all, analyze yourself impartially and try to identify your disadvantages to rectify them. You can seek help from your seniors.
I believe you will get a positive result. So, don't lose hope, fight the situation, and you will emerge as a winner. Best of luck to you.
Regards,
S. SARKAR