Pune: More than 700 employees, including software engineers, fresh graduates and interns, have reportedly been left jobless after Pune-based Thynk Technology India allegedly shut down its operations without prior notice, sparking allegations of unpaid salaries, bounced cheques and financial misconduct. The abrupt closure has led to police action, with the company's chief executive officer arrested on charges of criminal breach of trust and cheating.
According to officials at the Hinjewadi Police Station, the case was registered following a complaint filed by a 25-year-old intern. Police said more than 30 employees and interns have since approached authorities with similar complaints. In addition to the CEO, the company's Head of Training and Development and a Human Resources Manager have also been booked in connection with the case.
Employees alleged that the company suddenly ceased operations in April, leaving staff unable to access office premises, recover pending salaries or obtain any clear communication from management. Several workers claimed they arrived at the office only to find it locked, while repeated attempts to contact company representatives reportedly went unanswered.
The company, which began operations in 2025, is also accused of collecting a security deposit of Rs 15,000 from employees and interns, allegedly for laptops or onboarding-related requirements. According to several workers, salaries and stipends were initially paid on time, helping the company gain the trust of recruits. However, payments reportedly stopped from January 2026 onwards.
Employees further alleged that cheques issued to settle pending dues subsequently bounced, raising concerns about the company's financial health. Former staff members said management repeatedly cited internal audits and funding delays while assuring employees that salary payments would soon be released. Those payments, however, allegedly never materialised.
Some interns also claimed they neither received the laptops promised during onboarding nor the stipends offered as part of their training programme.
On April 20, affected employees approached Pune Police seeking intervention and recovery of their pending dues. Several victims have also reportedly filed complaints with labour authorities, alleging that the company used employee security deposits for operational expenses while continuing to recruit new candidates.
Police have launched a detailed investigation into the firm's operations and financial dealings. Authorities are examining allegations that employee security deposits were misappropriated and that workers were misled regarding salary payments, employment conditions and the company's financial status.
The investigation is ongoing.