Moonlighting HCLTech

[Aniketbro4]

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Aniketbro4
PARTICIPANT
April 9, 2025 at 12:11 pm

I am a final year student.
my friend has this non tech startup and I’ve been actively involved with that. He promised me some stake.

Now he’s about to pitch it to investors and wants me on. The problem is I have a decent offer from HCL which I am going to take because of financial situations.

He’s saying I have two choices with regards to his company. Become a partner by investing a token amount and have erratic payouts or be an on the payroll employee.

I’m fine with either of these, but how will this show up in the HCL background check or is it even ok with their policy? This would be a non competing company.

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[Niharikarider869]

N

Niharikarider869
PARTICIPANT
April 9, 2025 at 12:17 pm

Even if it is non competing company being on payroll of another company will be against the policies of HCL. 

Their background check will find it if the startup creates a PF account. Even if PF is not creSted on the long run they may find it.

Being partner will be fine. This is just owning unlisted shares. 

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[Aniketbro4]

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Aniketbro4
OP
April 9, 2025 at 12:34 pm

Thank you so much. Would it be fine if I serve as CTO but on paper effectively be a partner and not be on the payroll?

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[Alphaknight4068]

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Alphaknight4068
PARTICIPANT
April 9, 2025 at 4:23 pm

Don’t do moonlighting but if requires due to financial issues.

1. Work for your friend startup without being a director. 
2. Work as a employee without any TDS or PF deductions and for safer side, ask your friend to transfer salary to mother/father account. 
3. Never ever discuss about your partnership with your HCL colleagues else this will backfire crazily. 

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[Aniketbro4]

A

Aniketbro4
OP
April 10, 2025 at 4:54 am

Thank you so much, I’ll keep these in mind.

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