| Address: New Delhi, Delhi |
To,
Mr. Dinesh D Thakkar,
The Chairman cum Managing Director,
Angel Broking Ltd,
Mumbai
5th March 2011
Sub: Employee harassment by senior staff through creating political environment at Angel Broking, Delhi.
Dear Sirs,
I would like inform you that I am currently working for the past 3.5 years with your esteemed organization. Through this mail, I would like to bring to your notice certain serious work related problems going on in the organization.
I would also like to inform you about the sudden firing of employees, who have been performing well and are very old in the system, without any good justification. For your kind attention, 5 branch managers and 4 area sales manager of Delhi have been asked to leave the organization forcibly by Harpreet Singh & Manoj Johnson, with out paying any heed to their performance. This happened at a very short notice of 1-2 day and as you see in the current market scenario, it is very difficult to find a decent job and these people joined Angel Broking after leaving their well paid earlier jobs. Because of this unprofessional behavior, there is now fear amongst all classes of employees whether they will be able to continue with their job in such pressurized fear situation.
One more important concern which has affected the work culture in the organization is unreasonable favoring of employees. I have seen that Mr. Harpreet, Rahul Jain, Gurjodh P Singh, Ajit Panda are personally favoring those employees(Zameer Ahmad, Amit Narula, Sandip, Abhishek, Rana, Sidhu, Neeraj Kr. Vinit Jain, ashish Dwivdi, anil himani, ) who are not performing up to the mark, and cost is high, they are taking their job for granted. This is in turn is affecting the energy level and positive attitude of high performing employees. This ‘buttering’ by non performers/low performers is highly negative for the productivity of good performing employees. At times, seniors have been seen defending the non performers on personal level when they are accused by the performing staff for the unprofessional attitude. This partiality is doing no good to the morale and productivity, ultimately leading to a bad impression about not only Angel broking but the whole Senior Management. I have often see now employees saying “ ab to Angel aur dusri companiyo me koi fark nahi reh gya, ye bhi ghatiya company ho chuki hai niklo yaha se, yahan to koi kisi cheez ka process hi nahin, jiska joh man aata hai who karne lagta hai, jaisi he kahin aur job mile niklo, company koh laat maro, Thakkar sahib ke paas paise nahi hai kaam karne walo ke liye, Manoj,Harprit,Rahul, Gurjodh,Ajit, ki salary koi kyo nahi dekhta, jo high cost employee hai management cost ke naam pe, aur koi kaam nahi hai inke paas din bhar ”. Such remarks make me feel so ashamed as I have a totally different perception about the company and its future growth plans. Honorable Mr. Dinesh Thakkar ji has always been my inspiration because of which I came in Angel group but the current politically scenario is now forcing me to change my opinion.
From the past 15-20 days, me and my team have been asked to work at extended hours even after the official working hours by Delhi management, without any genuine work related requirement. This also includes working on the Republic Day, which are official holidays across any industry. We have also been deprived of our regular weekend off, Sunday, because of which we are unable to balance our personal as well as professional life. The Delhi management has been continuously harassing us, including Female staff, by asking is to stay exceptionally late without any job related requirement. Me and my team have been asked to come at 8’o clock in the morning and leave by 10 ‘o clock in night, which is in no way justified.
Another serious concern is related to the use of abusive and harsh language coupled with the rude behavior, by Mr. Harpreet Singh especially with the Female staff. This in turn, leads to a very disturbed working environment and reduced energy level. I have even come to know that a good number of experienced and old employees, who have performed well for the organization, are also planning to leave if they get a good opportunity any where else. They in turn, are discouraging fresh talent who are aspiring to join Angel Broking, in light of the ongoing internal problems and political scenario.
Here I would also like to question the role of the HR department, who till now has played the role of a mute spectator. In spite of having knowledge about the firing of the employees, HR department never performed its duties. As you know, that across any industry, there is always a HR Process for both hiring and firing of employees. But here in Angel Broking, once a person is asked to leave by the CH/ZH, he is asked to fend for himself. He doesn’t know what procedure he has to follow and what all official formalities he has to fulfill before leaving. An intervention from HR is always there to ensure that things go smoothly. Even if the person is not performing, HR never plays its role to provide the person with another opportunity to improve himself as there is always a scope for performance improvement for a non performing employee. This doesn’t signify an employee centric approach by the HR department. Moreover, I would like to accuse HR being the puppet of the senior sales people like Harpreet & Manoj Johnson. They would just take the order from them and fulfill it without discussing the company’s policy with them before finalizing any plan of action.
Sirs, therefore in light of the above mentioned concerns, I make a humble request to take adequate action against high management cost employee like Harpreet, Rahul, Gurjodh, Ajit and steps to resolve the issues and make Angel Broking a better organization to work for. If the above mentioned problems are not resolved in adequate manner, it’s not me, not even the employees but the brand ‘ANGEL’ whose reputation will be adversely affected and as a business group people will perceive it in a negative way.
Please note there is no compensation or back up arranged by their HODs till date, of employees like Bhartendu, Munish Chauhan, Himanshu Arora, Mr.Bhatia, & Vivek Mahajan, who were killed in senior’s politics and has to left organization for forever.
Yours truly,
A employee of Angel Broking and a patron of Angel Group.
Aug 13, 2020
Complaint marked as Resolved 
Your company is not customer friendly.
Only you people can cheat the customer.I know how to trade, i started with you Rs 29000 and make it Rs.47000 in 2 months.
As all of know there was a news about AP Paper mills on 29 March & 30 March 2011 that International Paper has aken a 51% holding in AP Paper Mills.
And the AP Paper open offer has come on May 28, 2011 @Rs.444 nearer.
So how can your dealer shortsell that shares, instead of buying.
Still, you people donot take any action against your dealer, Mr.Vasim Ahmed, Banch Manager, Mr.Parag Agarwal.
Your company employee thraet me ans sold all of my holdings without my consent.
You play with my money only, and make my portfolio zero in one shot.
I can take all legal actions against your company and take all my cmpensation.
I can complaint in all forums against your company and concern employees.
1.Mr. Vasim Ahmed
2.Mr.Parag Agarwal
3. Mr.Gurjeet(Regional Head), he threat me on phone.
4.Mr.Anupam Munshi, talk badly, and behave badly.