Here is the history of Acropetal Technologies Ltd1)Never paid salaries on time for employees 2)No salary hike for over 2 years in 2010 3)Though showcased as an IT company, the core business is Employee Outsourcing 4)Huge Microsoft Dynamics license fees pending 5)Vendor payments pending for over 6 months 6)Ex-Employee PF & final settlement pending for over 1 yrs 7)80% of inhouse engineers were asked to quit due to fund availability. remaining 20% left on their own 8)Currently the company operates without CEO & COO 9)What is claimed as IP development is just an idea, which already exists in market free of cost (Open source). 10) Most of the income of Acro is from Real estate business 11) MD arrested by Andra Police at Bangalore office in Sep-2012 for Real Estate Cheating Case. In front of all employees.Later released in the same evening in Guntur. 12) Few companies that were acquired were shown as Clients and the list goes on.....
Posted on: Thu, 25 Jul 2013 05:50:34 +0000
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