Is Paying for Training at IKSHVAKA IT PVT LTD a Red Flag or Standard Practice?

Recently, I attended an interview for the company IKSHVAKA IT PVT LTD. I was selected, and they informed me that there would be a two-month training period and a one-year bond. Prior to the training, a payment of 10,000 is required, with an additional 10,000 due after the training. I want to know if this company is legitimate.

Hi Venkat,

It is very common for IT companies to make you sign a service bond as they would train you and incur costs. Ideally, training is provided by the company, so they make you sign the bond. If you break the bond, they would charge you the training cost.

I would suggest you first meet the employees there and try to get in touch with them (out of campus if possible) to understand the know-hows.

Paying training charges and signing a bond are like trying to charge you twice because if you break the bond, they will ask you to pay the 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 will have to pay the training cost. In your case, you are paying your training cost, so recovering it after breaking the bond does not come into the picture.

I would like to conclude my post by suggesting you start looking for other firms.

Company Location Inquiry

Is the company based in Hyderabad? There is nothing on Google about it except their CEO and directors' profiles on LinkedIn 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 are they doing? The posts on Google seem to indicate they are doing multimedia work for overseas clients. What are they giving training on? Is that training worth 20k if done outside? Your decision should be based on all these.

Rule of Thumb for Job Offers

Any company that asks you to pay before offering you a job is not worth working for, or as some others have said, it is a third-rate company. Run for cover.