Kerala IT News

This is in connection with an article posted at http://keralaitnews.com/it-parks/infopark/646-paragon-fellowship and the subsequent comments from the portal editor. While I do respect the website policies, I still think it could have been better served if both sides of the story were understood before a comment like the existing one was inserted.

With regard to your conclusion that ups and down are not rare in business, I totally agree with that. And every business owner would definitely like to get over that lean patch. However in our case, the company directors were not at all interested in getting the business up (it was not that down, firstly). They in fact tried to make the employees believe that they have decided to invite investors to raise fund. At a later stage, it was changed and a complete take-over story began to spread. All these efforts were to let the operations run smoothly and generate revenue as usual. Salaries were delayed or not given in most cases, the financial crisis being the excuse.

I have been serving as a manager there at Bluelabs and have been in charge of client accounts. Obviously I was aware of the amount of fund that was flowing in. It was more_than_sufficient to manage all of the operations, not just the salry. When I did some calcuations at my end, with the available information, it has become clear that only around 30% of the income was spent for company related expenses. So, one would need to think whether it was such a serious set-back. As far as I believe, with the so-called client loss (please don't ask me the reasons for that incident), only a part of the profit has been lost :- the company was never in loss.

Another issue with our directors was that they never told the truth. We were once informed that the take-over has been complete and the agreement signed, with a very huge listed company and that they have even released a month's salary as well. In reality, nothing had happened. The negotiations had come to an end when the directors finally decided that the deal was less profitable for THEM. They even tried to convey a message that getting salary accounts opened in one of the most reputed banks in our contry was the main cause of the delay in distributing salaries. That particular bank need ONE MONTH for opening a savigs bank account. Funny enough, eh :)

Don't assume that only the employees have been on the recieveing end. Directors have been impartial in that regard and no vendor was spared. Only difference was in the figures :- some in crores, some in lacs and some others in thousands. If the information that I recieved can be believed, there is still a huge amount of rent pending to Infopark as well. The most interesting and unfortunate fact is that, these people are still making a lot of money as they seem to have started a new venture under a new name 'Wodux' Technologies.

You might get a feeling that the above are words from disgust and disappointmnet or are the sentiments of one who had lost the job. It is not. I just wanted to remind you that these are some of the real inside stories from the best 'Youth Social Enterpreneur', whom the Keralaitnews.com had once proudly presented on its website. If you sincerely think that the situation requires a bi-way inquiry rather than a mere clarification from the CEO side, then I would request that you do so. You are welcome to check each and every point I made above to see where those factually stand.

Thanks for taking time to read through. Another ex-employee