Pros
* Good salary package -- PROVIDED you are a lateral hire with good amount of experience in relevant fields: finance/hr/marketing/sales/IT etc., and you bargain enough. Lateral hires from IIT/IIMs can get real good packages. * Company shows some interest in IT/data-science/analytics etc. and hires many professionals in these fields * Due to the nature of business: gold-loans being a distress-based financial resort for many people of lower/middle-class, company makes good amount of money by fleecing such people
Cons
* It's basically a one-man controlled company, with each & every decision depending upon the MD's "approval". * Extremely complex amount of red-tape reminiscent of the govt offices of 70's/80's, even for insider employees to get anything done - because of reason mentioned above. * There is no proper direction of action : employees just run around often doing very hard work but rarely doing smart/efficient work. * Some personnel in key positions are just there because they've blessings of the top who's who. So if you are ill-fated to work with them, you will curse every day of your work there. * Extremely high amount of attrition from the branches due to very low remuneration provided to branch-staff; staff attrition is in truck-loads: minimum 100 people every day! A monthly salary of 25K to branch-head with 6day work-week and very high sales responsibilities is never going to be satisfactory. * Some department heads are rumoured to take bribes from external agencies/vendors/candidates etc. for awarding them projects/employment * High amount of favouritism and partisan promotions - if you're in the good books of certain high-ranking officials you can expect to stay on and reach higher positions, forget about professionalism/ethics etc. * 6-day work week, every week (not like banks where 2nd/4th sat holiday); sometimes staff may have to work on sundays also. * Strict office-timings: based on attendance punching, not even a delay of a second in check-in allowed!