ICRA reviews

1. Depressing work environment. It is tough to stay insulated from the pervasive negativity all around. 2. Poor/no leadership of top management-Its a single person driven company. Senior managers don't have much say in decision making. 3. No appreciation for work. Irrespective of the quality of work, one never receives appreciation (either verbal or monetary). 4. Repetitive nature of work with no incremental learning 5. Grossly inadequate IT infrastructure-Lack of proper IT infrastructure and lack of willingness to change from existing mode of work leads to duplication of work and frustration. 6. Massive amount of time wasted in clerical work: Documentation/compliance related work consume massive amounts of time. Further these have been increasing over the last couple of years 7 Highly risk-averse organization with strong resistance to change-skepticism runs deep in the company. New ideas are either not encouraged or not implemented. The company has survived this long because of a rating license from SEBI which acts as an entry barrier (so far only 5 rating agencies are there in India). Without regulatory support, the company will find it tough compete in the market. 8. No vision/strategy of senior management: Senior management is not interested in the company's growth. Most top managers have received their ESOPs and have exercised them getting handsome returns. They have realized that their voice/inputs have no value since ultimate decision will be taken by one person.

Totally insensitive to calls for bringing compensation in line with market rates. No linkage between annual bonuses and appraisal results. Everyone at the same designation draws the same amount. Very slow decision-making. Pathetic employee-engagement strategies. Management acts/behaves as if there is always a cash crunch. HR department is drawing salaries only because it claims to exist.