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IIM graduate claims she found ‘no office’ at given address; company responds
An IIM Bodh Gaya graduate claims she relocated to Delhi for a promised job, spending ₹75,000 on the move. She found no office at the given address
An MBA graduate from Indian Institute of Management (IIM) Bodh Gaya has alleged that she uprooted her life and relocated to Delhi for a job, only to find out that the company that promised her a job had misled her. The young graduate detailed her experience in a LinkedIn post that is going viral online, where she claimed that PIB Insurance Brokers kept delaying her joining date and refused the "relocation compensation" which was allegedly promised to her.
PIB Insurance Brokers refuted the allegations while speaking to Hindustantimes.com, saying that the woman received an offer letter in January, accepted it in February, and turned it down in March.
The company claimed that since she turned down the offer in March, they could not be held liable for her relocating to Delhi in April.
Spent ₹75,000 on relocation
“I am a 2026 MBA graduate from IIM Bodh Gaya. I got placed. I had an offer letter. A joining date. A promise,” the IIM graduate wrote. “So I packed my bags and moved to Delhi - alone - spending ₹75,000 on relocation. Because I trusted that a confirmed job was waiting for me.”
After spending ₹75,000 on moving to the national capital, the woman was in for a shock.
‘There was no office’
According to her post, she reached the office address provided by PIB Insurance Brokers on May 4, expecting to begin work. However, she alleged that there was no functioning office at the location.
“On 4th May, I stood outside the office address I was given. There was no office.
“I waited two hours. I called. I messaged. No answer,” she wrote, adding that she was later informed that the office space was “out of lease”.
The IIM graduate claimed that she continued receiving assurances from the company that her employee ID was being generated and that work-from-home arrangements would begin shortly. All to no avail.
The company, she claimed, kept her hanging, telling her repeatedly to “wait 2-3 days”. Eventually, after several weeks, she was told that there would be “no joining before July”.
Company's response
Virendra Pandey, CEO of PIB Insurance Brokers, refuted the woman's allegations. He told Hindustantimes.com that the woman had turned down their offer in March.
In April, she approached the company again asking if she could join. By that time, PIB Insurance Brokers had already hired someone else. An employee of PIB, named Rohan, told the woman that she would be considered if her replacement did not join.
Pandey said that no written confirmation was given to the woman. He also claimed that she was never promised a relocation compensation of ₹75,000.
“If we gave her an offer letter in January, and she accepted it in February and turned it down in March, then the question of compensation does not arise,” he said.
Money ran out
The IIM graduate claimed that while she waited, her money ran out. She said that had the company communicated the delay honestly in advance, she would not have spent money relocating to Delhi.
“If I had been told the truth even a week earlier, I would never have made these expenses,” she wrote.
The graduate further alleged that when she sought reimbursement for relocation expenses that she says had been promised earlier, the CEO stopped responding and blocked her on calls and social media platforms.
Hindustantimes.com has reached out to the CEO mentioned in her post. This copy will be updated on receiving a response.
An unpleasant experience
The woman described the experience as emotionally and financially draining, particularly as a fresher relocating alone to a new city. She is now demanding a refund of the ₹75,000 she spent on relocating to Delhi, calling it money she could not actually afford to spare but did on the belief that she had a job waiting for her.
“A girl moves to a new city alone for a job. Spends money she cannot spare. Waits. Follows up. Gives every benefit of the doubt. And the person responsible just disappears,” she wrote.
“I had an offer letter. I had proof. I had hope. Right now, all I have left is this post - and the hope that someone with a conscience is reading it.”
She further clarified that the placement committee at IIM Bodh Gaya had helped her find a new job through campus placement. To young graduates, she advised: “document everything. Every promise, every date, every message.”
