Hi.. those who are planning to take a Veta franchisee BEWARE...
They will give you a warm welcome at Chennai, give you a good lunch and promise impeccable support, once you start functioning they will keep on saying different excuses and default the royalty payment. There is no streamlined franchisee redressal system and appoint egotists and people with no strategic expertise as Regional Manager, we had a tough time communicating with one Mr. Vinod Alex whose demeanor though seemed friendly had a hidden agenda to favour few of his favorite franchisees as a matter of fact they keep on changing the royalty sharing ratio . The modus operandi for royalty itself is so lame, every franchisee have to deposit the collections in their bank account after that they will deduct the fees from it and pay us the royalty, this process itself may take months and we have never received not even one royalty payment on time moreover they will deduct some money from it without any explanation and if we go to Regional Manager with complaint he will give a huge "bhaashan" . The lethargic team in the corporate office functions as if they are doing the franchisees a favour and very pathetic communication. Well I lost almost 8 lacs in Veta. By deep introspection one can understand that this model of business has lost its charm, its doomed in the blitz of schemes for skill development sponsored by the Central and State government. Please don't invest your hard earned money, so that few people who don't know the value of a promise or commitment can cherish. Was this information helpful? | 
