Another Fraud Exposed Prodigy software solutions Hyderabad | Prodigy software solutions Another Fake Company

Around 1,500 employees of Prodigy Solutions, a fraud IT company operating out of Cyber Towers, sat on a dharna outside the building on Saturday after the company had shut shop and fled with deposits of the employees.

Recently all the candidates who paid money to the company in the name of training & Development reached Mr. Nara chandra Babu naidu and reported him about the issue.

The IT minister, Mr Ponnala Lakshmaiah, who has ordered an enquiry into the scam, had earlier inaugurated the company in January, and later its branch in Warangal. The employees of the firm had booked a case with the Madhapur police under IPC Section 420 (cheating), after they could not trace the CEO, Murali Radhakrishna, who might have absconded with at least Rs 16 crore collected from 1,600 B.Tech students and security deposits of employees, ranging from Rs 50,000 to Rs 1 lakh.

Minister Ponnala’s Response on Prodigy software solutions issue

“The employees had given huge amounts as deposit money to the company and the stipend of Rs 5,000 had been withheld for the last three months,” said Madhapur inspector, Mr Lakshmikanth Reddy. The company has also not return the certificates of its estimated 30,000 employees and trainees.

Meanwhile, the IT minister said, “I was invited to inaugurate the office. I must have inaugurated 50-100 offices. However, such fraud will not be tolerated and action will be taken against the proprietor.”

Courtesy: DC & TV9



  1. Hi

    First arrest the employees and their parents not Prodigy management. Parents encouraging their children’s to do this kind of jobs. This is Good Business this kind of companies. earlier some other company also same(Mangalore (Karnataka)). Next few days some other company planning to IP that is MS Technologies. Please be care…………………………………..

    1. Hi kvs, you cannot say that. Why to arrest the parents and employees.. the company asked the money in the name of deposit for security. Parents and employees think that it was real.. even some top companies like Mahindra satyam taking money from employees for security purpose. but they didn’t cheated any body. In same way these people though that company will give jobs so they paid…..

      1. Hi Admin you should remember one thing, Big companies like TCS, Tech Mahindra and CTS these companies Just asking Secure Signature or any fixed deposit with 50000 rupees. you know one thing now the people enquiring this type companies and joining this type of companies…

        2010 dec also one company they did fraud in Mangalore…

        and coming days one more company they are planning to fraud same. i.e MS Technologies. this company they asking money before joining 35000 to 80000 rupees. what they are doing you know they are sending to some institues in different cities. Even they dont have any office.

        Be care with MS Technologies in future……………………………….

      2. Edward Business Solutions company fake or not i received a offter letter but they are asking money.EdwardBS

        You’re in good hands with Edward’s
        Dear Miss.Haritha
        With reference to your application and subsequent interview, you had with us, we are happy to offer you the position of “Junior Software Developer” on the following terms and conditions
        Your Gross Annual Remuneration is Rs. 1, 55, 000.00 (Rupees One Lakh Fifty five Thousand Only), the details of which are enclosed in the annexure.


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