What Are The Allegations Made Against ReshaMandi

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Pending Salaries And Dues

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Forced Resignations

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Debt And Investor Issues

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Revenue Inflation Tactics

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Vendor Payment Delays

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Company Downsizing

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ReshaMandi downsized from 500 to around 100 employees by year-end, heavily scaling down operations.

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What Are The Allegations Made Against ReshaMandi

Pending Salaries And Dues

300-400 employees await final dues with salaries unpaid for months, leading to significant financial distress.

Forced Resignations

Employees are forced to join other companies to receive pending payments, causing widespread dissatisfaction.

Debt And Investor Issues

The company failed to repay venture debt investors and lenders, misleading them during fundraising rounds.

Revenue Inflation Tactics

Revenue figures were inflated through invoice round-tripping and other deceptive practices.

Vendor Payment Delays

Payments to vendors have been delayed, indicating serious financial mismanagement.

Company Downsizing

ReshaMandi downsized from 500 to around 100 employees by year-end, heavily scaling down operations.

ReshaMandi downsized from 500 to around 100 employees by year-end, heavily scaling down operations.