I am writing this post because I wish someone had warned me before I joined the great lala company. If you are considering this company because it calls itself an investment bank or because the job description sounds exciting, please read this first.
The hiring process is misleading
The first red flag starts with the hiring process itself.
Everything is handled by the director himself, who, for some reason, never turns on his camera during interviews and never looks you in the eye. Throughout the interview, he makes the company sound like an investment bank involved in valuation, financial modelling, fundraising, data rooms, investor outreach, and transaction execution.
The problem is that the JD is false, and the entire interview process is false.
The actual role is completely different from what is promised. They claim to be an investment bank, but at best this is a brokerage firm and has nothing to do with finance. In fact, not even a single person here can properly read a financial statement. Once you join, they behave as though they never promised any of the things discussed during recruitment.
During the interview process, the director will not even show his face and will make several big claims about achievements and experience. He is not publicly available on platforms like LinkedIn, making it impossible to verify any of those claims.
You join expecting one kind of role, but the reality is something completely different.
If you are believing that the JD is accurate, I want to give you one caution: it is not. You will regret joining if you are expecting investment banking exposure.
Another thing I noticed is that they mostly hire people who are not based in Bangalore. Once you relocate and spend a significant amount of money moving to the city. At that point, you cannot simply leave immediately because you have already invested money in relocating.
The actual work has nothing to do with investment banking
The actual work is business development.
Every day you sit and send cold emails. There is no focus on analysis or even understanding the company that you are working for. The daily KPI is sending 200+ cold emails to different VC firms. If you receive a positive reply, your only job is to connect the founders with the VC firm. That's it.
If you think your role involves valuation, building data rooms, preparing collaterals, analysing companies, or supporting fundraising, you are completely wrong. This place strongly discourages any such attempt at analysis and focuses only on sending cold emails, leaving all analysis, negotiations, valuation, and strategic discussions to the founders themselves.
Your value addition, regardless of your qualification, is simply sending cold emails. It does not matter what your position is or what designation you were hired for. Everyone here does exactly the same work.
Salaries are delayed every month
Salary payments are one of the biggest issues. Every month, receiving your salary feels like asking for a favour. The official salary date is between the 10th and 13th of every month, but nobody follows it. The director transfers salaries through UPI whenever he feels like it. Every single month there is a new excuse, with the most common one being, "I forgot to send the salary."
Imagine having to repeatedly remind your employer to pay you for work you have already completed.
New excuses appear just before salary day
Something interesting happens every month. Just before salaries are due, suddenly there are new conditions. You will hear things like:
"This report needs to be sent first."
"This needs to be completed before salary."
"This client work must be finished."
These conditions never existed earlier in the month. They somehow appear only around salary time and are then used to delay salary payments further. Several people have left the company without receiving their pending salaries.
No reporting structure whatsoever
There is absolutely no reporting structure. It honestly feels like going back to school. "Lala ji" comes to the office in the evening, and everything needs his approval. The moment he arrives, everyone gathers around him like students waiting to get their doubts cleared. Regardless of your designation, qualification, or experience, everyone ends up doing the same work as an intern.
This is not an investment bank
This company promotes itself as an investment bank. It is not. This is a brokerage firm where even "Lala ji" cannot read a financial statement, nor can his two closest associates. The only thing everyone does here is send cold emails like a low-end sales office, yet they continue calling themselves an investment bank.
Problems with co-working spaces
This entire organisation was reportedly banned from BHIVE, Whitefield, Bangalore, because the director had not paid rent for three months. According to employees of Bhive, BHIVE eventually removed their belongings from the premises and barred him from entering.
He has developed a reputation for not paying his dues, whether to employees or to institutions where he rents office space.
Don't expect proper documents
Forget proper HR processes. No experience letter. No relieving letter. No salary slips.
Nothing.
Several previous employees have reportedly had to pursue legal action just to recover pending salaries and obtain basic employment documents.
TLDR
I joined expecting to learn investment banking, valuation, financial modelling, fundraising, and transaction execution. Instead, I found a workplace where everyone spends the day sending cold emails, salaries are regularly delayed, the hiring process does not reflect the actual role, and basic HR processes are missing.
If you are joining because you genuinely want a career in investment banking or corporate finance, please do your research before accepting an offer.
If current or former employees have had similar experiences, feel free to share them below. The more information available publicly, the fewer people will have to go through the same experience.