Defy-1Verse
3/25/2026, 12:56:03 PM

OneVerse Exposé: $120 Million Claims, Vanishing Funds, and 100+ Families Left Without Salaries

In 2024, OneVerse Gaming Technology Pvt. Ltd. was projected as one of the most aggressive players in India’s gaming ecosystem. Backed by bold claims and amplified by leading media houses, the company positioned itself as a well-funded consolidator ready to dominate the market.

In 2024, OneVerse Gaming Technology Pvt. Ltd. was projected as one of the most aggressive players in India’s gaming ecosystem.

Backed by bold claims and amplified by leading media houses, the company positioned itself as a well-funded consolidator ready to dominate the market.


The message was clear:
Strong capital. Aggressive expansion. Global ambitions.

Then Came the Ban — And Everything Changed Overnight

Following the gaming regulatory developments in India in August 2025, the company’s internal narrative changed abruptly.

Employees were suddenly told:

  • The company’s bank accounts were frozen 

  • Funds were no longer accessible 

  • Salaries would be delayed due to “temporary issues” 

At the same time, leadership assured:

  • Funds would be arranged from overseas accounts 

  • The company was planning international expansion 

  • There were ongoing discussions about a listing on the New York Stock Exchange 

  • Employees would be rewarded with ESOPs and appraisals 

On paper, it still sounded like a company with resources.

But in reality—

Salaries stopped completely.

The Core Question: How Does Money Just “Vanish”?

This is where the story becomes deeply concerning.

A company that publicly claimed:

  • $120 million for acquisitions 

  • Multiple active deals 

  • Strong financial backing 

Suddenly:

  • Could not pay employee salaries 

  • Claimed all accounts were frozen 

  • Failed to provide any financial clarity

This raises unavoidable and serious questions:

How can such large funds disappear overnight?

If bank accounts were frozen, what happened to the claimed overseas funds?

If expansion and listing plans were real, why were employees not protected?

Was This Anticipated?

Another troubling question being raised by affected employees:

Was the company already aware that regulatory action or a ban was coming?

If yes, then:

  • Were funds moved or restructured in advance? 

  • Were employees deliberately kept uninformed? 

  • Were public announcements made despite internal financial risks? 

While these remain questions, the sequence of events creates a pattern that cannot be ignored:

Strong financial claims → Sudden regulatory trigger → Immediate financial collapse → No employee payouts

The Leadership and Their Role

The company was managed by:

  • Mr. Prashant Joshua – Director (One Verse Gaming Technology Pvt. Ltd.) 

  • Mr. Shrikanth Gummalla – Director (One Verse Gaming Technology Pvt. Ltd.)

  • Mr. Paul Micheal – CEO (One Verse Gaming Technology Pvt. Ltd.) 

  • Mr. Sathish T – Director (Gutshot Entertainment Pvt. Ltd.)

  • Mrs. Neha Achari – Director (Gutshot Entertainment Pvt. Ltd.) 

  • Mr. Suhas Kundapoor – UBO (Ultimate Beneficial Owner)

These individuals:

  • Personally assured employees about salaries 

  • Encouraged continued work during crisis 

  • Repeatedly committed payment timelines 

Yet, despite months of follow-ups:

No salaries were paid.

From Assurances to Silence

Between August 2025 and February 2026:

  • Employees received continuous verbal assurances 

  • Payment dates were repeatedly promised and missed 

  • Internal “resolution teams” were formed—but delivered nothing 

Eventually:

  • Communication reduced 

  • Leadership became largely unreachable 

  • No official closure or payout structure was provided 

A Disturbing Pattern: Exit and Restart?

Employees are now raising serious concerns that:

If true, this suggests a troubling cycle:

Create growth narrative → Attract capital → Default on obligations → Exit → Restart elsewhere

The Human Cost

While financial questions remain unanswered, the impact is clear:

  • 100+ employees affected 

  • Salaries unpaid for 6–8 months 

  • Families struggling for basic survival 

  • Careers disrupted 

  • Severe financial and mental stress 

This is no longer just a corporate issue—

It is a humanitarian crisis.

Legal Action Has Begun

Employees have:

  • Raised allegations including: 

    • Cheating 

    • Financial exploitation 

    • Mental health torture

There are also concerns around:

  • TDS deductions not being deposited since September 2024, raising potential regulatory violations 

Media Narrative vs Ground Reality

What Was Projected:

  • $120 million funding 

  • Acquisitions 

  • Global ambitions 

  • Strong leadership 

What Happened:

  • Salaries stopped 

  • Funds “vanished” 

  • Employees left unpaid 

  • Leadership silent 

Final Questions That Demand Answers

  • Where did the claimed $120 million go? 

  • Why were employees not paid even partial salaries? 

  • Were financial claims to the media accurate? 

  • Did leadership anticipate regulatory changes? 

  • Why did communication stop when employees needed clarity the most? 

Conclusion: A Story That Demands Investigation

This is not just a failed startup story.

It is a case that raises concerns about:

  • Financial transparency 

  • Corporate accountability 

  • Protection of employees 

And until answers are provided, one question will continue to echo:

How does a company go from $120 million claims to zero salary payments overnight?

Call for Action

This matter urgently requires:

  • Media investigation 

  • Regulatory scrutiny 

  • Immediate intervention 

Because behind every unpaid salary—

There is a family waiting, and a promise that was never kept.

I was affected too

If you were affected in a similar way, add your email below. Only one submission per email is counted.

266 people
have said they were affected

If you want to share your story and get it published here, please mail at defy1verse@gmail.com.

Comments

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Anonymous
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100+ employees, 100+ families suffering — and still no clear answers. If $120 million funding claims were real, then where did the money go? If accounts were frozen, what about overseas funds? If new ventures are being started, why are old dues not cleared? This raises serious concerns around financial accountability and ethical conduct of One Verse leadership including Prashant, Shrikanth, Paul, and others. This cannot be ignored anymore.
Anonymous
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The most concerning part is the pattern of false assurances. Employees were repeatedly told salaries would be paid in “15 days”, then “end of month”, then “next cycle” — but nothing happened. Now emails and WhatsApp groups are being used to create a false impression of resolution. This is not transparency, this is misrepresentation and delaying tactics by leadership including Prashant Joshua and team.
Anonymous
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This is not just a business failure — this clearly looks like cheating with employees and possible cheating with Government authorities. Salaries unpaid for 6–9 months, TDS deducted but not deposited, and still no accountability from One Verse Gaming Technology Pvt. Ltd., Prashant Joshua, or Paul Micheal. If funds were truly available and businesses are running globally, then why are employees still unpaid? This needs immediate regulatory investigation.
anonymous
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I hear & resonate the raw frustration and urgency in this exposé—it's a stark wake-up call on corporate mirages that shatter lives. As someone deeply tuned into business operations, sales ethics, and employee advocacy (much like your world in media agencies and client relations), this hits hard: bold projections lure talent, regulations strike, and suddenly families pay the price. The vanishing $120M, silent leaders, and whispers of restarts scream for scrutiny—kudos for laying it bare. I am a victim of the unpaid dues for 7 months, and the saga continues with the false assurances of paying within 90 days.
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