Badafinance S&P Services Mumbai

Employer’s Response

Dear Candidate We have carefully reviewed the inaccuracies in your recent review regarding your brief employment at Bada Finance. We must address the following points with the utmost seriousness: Your False Claims of Security Deposit: Bada Finance does not require any form of security deposit from our employees. Instead, we use a returnable security cheque, which is a standard precautionary measure. This cheque serves two primary purposes: to safeguard against potential damage to company assets and to secure compliance with our Non-Disclosure Agreement (NDA). Your claim of a security deposit is not only incorrect but misleading. Cheque Usage and Legal Compliance: The cheque in question is not a security deposit but a legally acceptable precaution. It is intended to cover potential damages or breaches of confidential data. All cheques are made out to the company name and specify no more than ₹1 lakh, thus refuting any notion that it is a blank cheque. Such measures are consistent with industry standards and comply with applicable labor laws. Your assertions that these practices are illegal or unprofessional are unfounded. Company Assets and Agreements: Bada Finance provides employees with assets, including laptops and phones, which are valued at approximately ₹1 lakh. These assets are issued for the purpose of performing job duties and may be taken home as required. Employees are asked to sign an asset take-care agreement and an NDA to protect these valuable resources and ensure confidentiality. It appears you may not have fully understood or complied with these agreements, which are standard practice in reputable organizations. Understanding of HR Practices: Given your background in HR recruitment, we trust you understand the distinction between a security deposit and a security cheque. Our practice of obtaining a cheque, which clearly states the company’s name and does not exceed ₹1 lakh, is in line with industry standards and legal requirements. Any suggestion otherwise reflects a misunderstanding of standard HR practices. Legal Implications: Your public statements suggesting unethical or illegal practices on our part are not only inaccurate but could be construed as defamatory. We take such allegations very seriously and are prepared to pursue legal action to protect our company’s reputation and interests. This includes potential claims for defamation and misrepresentation under relevant laws. We urge you to correct these inaccuracies immediately and retract your statements. Failure to do so may compel us to seek legal remedies to address the harm caused by your false claims. For any further clarifications or to discuss this matter directly, please contact our HR department at your earliest convenience on hr@badafinance.com