Dolat Capital Market Vice President and IT Head salaries in Mumbai

Likes

Company has got a lot of good skilled people.

Dislikes

Management is really shi*t*y. I wasn't allotted a team for like 4 months. Documentation of codes is nill. Those who have wrote the code have left the company.

Likes

Cannot think of a single thing.

Dislikes

Bunch of Liars Cheaters and Thieves I had profit share (20%) deal. This was far below the industry standard (35-50%) because I was unaware. I was paid 20% as agreed upon. One and a half years later, I found out they had heavily inflated the trading cost in the trading UI. Then I asked for detail, however they kept delaying it for more than a year and then paid me 20 lk and said all done! The amount was in crores. Twice the amount of profit, shown in the trading UI, was shadowed under the trading cost. Actual profit was around 3 times the profit shown in the trading UI. This is not the only point of thievery. They deduct server cost from the profit before calculating % share. They add multiple server to a trader's list of servers for few minutes and then deduct full day cost of the same server from multiple traders. Then I accidentally stumbled upon some log files which were generated with my model, however the servers on which they were generated were unknown to me. The infra team was running my models on some other servers without telling me so that they wouldn't have to share any % of the profit. The infra team was in complicit with this thievery especially the head of the infra. Even though the deal was 20%, I estimated they were paying me only 4-5%. So I put my foot down and asked for access to the server where all the log files, generated during trade, are kept. They FIRED me. I was the TOP performer in the Quant team contributing towards half of the Quant team's profit and they fired me because I asked for the log files. Not only did they cheat me of at least 3-4 crores in the previous 3.5 years run of my trading models, they also stole the full amount, the models were going to make in the next 2-3 years. I spent night after nights in the office, developing models. They FIRED me (without any settlement even though my models were making crores of profit at the time) and TOOK EVERYTHING.

Likes

R&D environment always.

Dislikes

Ad-hoc appraisal process with one way communication. No review or redraisal process. HR and HR policies are namesake. Senior are considered expensive unless they take no or negative hikes. No on-site Compulsory desk for 9 hrs which are stretched to 10 hrs. Congested work place. 6-8 people are packed in 20 sq ft space. Innovation is not welcome. No Software development processes. You start with no training and end with repenting on your decision to join. Higher management is judgemental, opinionated, biased, egoist, selfish. Providing reference is destroying your scope to get new job. Avoid it. They will provide negative feedback always.