Over 700 employees left jobless after Pune IT firm allegedly shuts down without notice

What began as a dream job for hundreds of software engineers and fresh graduates has turned into a nightmare after a Pune-based IT company reportedly vanished without notice, leaving more than 700 employees facing unpaid salaries, bounced cheques, and alleged financial irregularities.

As per reports, the company, Thynk Technology India, operated from Hinjewadi Phase II, one of Pune's major IT hubs, and had carried out extensive recruitment drives throughout 2025, attracting hundreds of young professionals with promises of career growth and stable employment.

Employees reportedly said the company initially maintained regular salary payments and internship stipends, creating confidence among staff members. However, concerns began emerging earlier this year when salary disbursements were repeatedly delayed.

Employees allege that salaries due from February onwards were either delayed or remained unpaid despite repeated assurances from the management that payments would be cleared after internal financial and administrative procedures were completed.

Workers alleged that despite these assurances, outstanding salaries remained unpaid for months.

The situation escalated when employees discovered that the company's office had abruptly stopped functioning. Many claimed they were unable to contact senior management or obtain clarity regarding their employment status.

Furthermore, employees also alleged that salary cheques issued by the company were dishonoured upon presentation, further aggravating the financial difficulties faced by workers. Many affected employees said they were struggling to meet household expenses, rental commitments and loan repayments.

The issue has now been taken up by the Forum of IT Employees (FITE).

FITE president Pavanjeet Mane said a large number of employees approached the organisation after failing to receive salaries or responses from the company's management.

He described the matter as a serious case involving alleged financial misconduct affecting hundreds of workers.

Mane also claimed that some employees had been asked to deposit around ₹15,000 as security money for laptops and other office equipment.

Concerns regarding the company's operations have been raised with the relevant authorities, including the Labour Department, he said.

Affected employees have lodged complaints with the police and the Maharashtra Labour Commissioner's office, seeking recovery of unpaid dues and intervention in the matter.

As per reports, Senior Police Inspector Balaji Pandhare confirmed that complaints had been received and that a preliminary inquiry was underway.

Police officials said the allegations were being verified and efforts were being made to establish contact with company representatives, who were reportedly unavailable.

Deputy Labour Commissioner Nikhil Walke also confirmed that the department had received complaints from employees and had initiated a review of the matter.

Officials are expected to examine allegations relating to unpaid wages, recruitment practices and other employment-related issues raised by the workers before deciding on further action.