700 Jobless as Pune IT Firm Thynk Technology Shuts Overnight; CEO Arrested
Software engineers and interns at Thynk Technology allege the firm stopped paying salaries in January before locking its doors in April.
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More than 700 employees, including software engineers, recent graduates, and interns, have been left jobless after Pune-based IT firm Thynk Technology India abruptly shut down operations without prior notice.
The sudden closure has triggered intense allegations of unpaid salaries, bounced cheques, and systemic financial misconduct, leading to the arrest of the company’s Chief Executive Officer (CEO).
Officials at the Hinjewadi police station registered a formal case following a complaint filed by a 25-year-old intern. According to the police, more than 30 interns and employees have since approached authorities with identical grievances. Along with the CEO, the company’s head of training and development and a human resources manager have also been booked on charges of criminal breach of trust and cheating.
The Midnight Lockout
Affected staff members state that the company completely halted its operations in April. Employees arrived at the workspace only to find the premises locked, access denied, and management completely unreachable. The abrupt move left hundreds unable to collect pending salaries or secure official communication regarding their employment status.
The company, which only began its operations in 2025, allegedly collected a Rs 15,000 security deposit from each new recruit and intern, claiming it was a mandatory fee for laptops or onboarding protocols.
“Salaries and stipends were paid initially, which helped build trust among the new recruits, but payments stopped entirely from January 2026 onward,” stated one of the affected workers in their complaint.
When the workforce demanded their dues, management issued cheques that subsequently bounced, deepening worries regarding the firm’s actual financial health.
Broken Promises and Operational Expenses
Former employees revealed that management repeatedly blamed internal audits and unexpected funding delays for the disruption, consistently promising that back-pay would be released. However, those funds never materialised.
Furthermore, several interns reported that they never received the promised laptops or the training stipends they were legally owed.
Growing desperate, affected workers approached the Pune Police on April 20 to seek intervention and recover their dues. Multiple victims have also filed complaints with local labour authorities.
These filings allege that Thynk Technology used employee security deposits directly to fund operational expenses, all while continuing to recruit new candidates under false pretences.
The Hinjewadi Police have launched an active investigation into the firm’s financial dealings. Authorities are currently auditing the company’s bank accounts to determine how employee deposits were misappropriated and to evaluate the extent to which workers were misled about employment conditions.
FAQ
What happened to Thynk Technology India? The Pune-based IT company shut down its operations overnight in April 2026 without prior notice, leaving over 700 employees and interns locked out of the office and without jobs.
Why was the CEO of Thynk Technology arrested? The CEO was arrested by Pune Police following complaints of cheating and criminal breach of trust. The company is accused of withholding salaries since January 2026, issuing bounced cheques, and misappropriating Rs 15,000 onboarding security deposits collected from employees.
Where was the case registered? The initial case was registered at the Hinjewadi police station in Pune, following a formal complaint by a 25-year-old intern. At least 30 other employees have approached authorities with similar claims.
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