OSMOSE Technology Pvt Ltd is a private eCommerce, online shopping company which was started in the year 2019 in Pune. It has been on the news and trend in the year 2019 since they claim to give 1 BHK flat and Mercedes to their sellers.
So, do you want to know more about this company and find out if you should use their products or not. We got you covered. In This article, I’ll explain all things related to osmose Technology Pvt Ltd.
OSMOSE Technology Pvt Ltd
|Company Name||OSMOSE Technology Pvt Ltd|
|Founders Name||Shubhangi Vaibhav Pataskar, Vijay Baburao Mahajan, and Prashant Ramchandra Roundale|
|Business||A multi-level marketing company that works on Pyramid schemes|
|Corporate Identification Number||U72900PN2019PTC188640|
OSMOSE Technology Pvt Ltd is an online shopping and eCommerce company. This company is an MLM (Multi-Level Marketing) based company.
The founders of this company are Shubhangi Vaibhav Pataskar, Vijay Baburao Mahajan, and Prashant Ramchandra Roundale. The current directors appointed on February 17, 2021, are Vikram Madhukar Patil and Vishal Sarjerao Mahind.
The Corporate identification number (CIN) of the OSMOSE Technology Pvt Ltd is U72900PN2019PTC188640. This company claims to reward its top sellers with huge cash prizes of lakhs of rupees and costly cars or houses.
OSMOSE Technology Business Model
Osmose technology is a Multi-level Marketing company that works on Pyramid schemes. In a pyramid scheme, a pyramid-like structure is formed.
When one person joins in he is asked to join 2 more people in the chain and that two are said to join two other people each. This makes a pyramid-like structure.
They take money for joining and the person under whom the pyramid is formed gets commission for bringing in more people. This is also called a Binary plan. In a binary plan, you are supposed to join two more people under you thus, a network is formed.
MLM multi-level marketing means marketing at all levels. In a pyramid, there are various levels from base to apex.
At each level, people are marketing this scheme/ company to make other people join the membership of the company.
When 2 people join under a person’s pyramid he gets motivated by commission and markets the company more and more. When these people see another one getting commission they also market it so that they can add more people and get more commission.
A business plan means how the entire business works. How does a person earn through the company? First of all, to join in you need to pay 1200 rupees to the company to activate your Id.
After becoming a member you can earn money through
- Daily surfing
- Commission on adding new people
- Rewards for achieving huge targets
- Daily Surfing
You can get money daily by surfing on their social media app Pickflick. You have to use their app for some time every day for 20 days. They give you 3 coupons of 400 rupees. You can use this coupon to do shopping on their online shopping website.
Daily income would be available for only 4 months because your membership lasts only four 4 months. Once you pay 1200 rupees your Id is activated for 4 months.
- Commission from referral
According to the pyramid scheme, Osmose technology offers 1 to 7 rupees when you join a new member under you. The amount increases as the level of the pyramid increases. The more members you have in your team the more money you get.
- Rewards for achieving huge targets
You get the rewards when you perform exceptionally well. When you achieve a certain target you get a prize from the company. The target here is the number of people joining under you. The targets and prizes are:
- If you join 100 active members under you within a month then the company gives you an android phone as a reward.
- If you join 1000 active members under you within 2 months then the company rewards you with a cash prize of 1 lakh rupees.
- If you join 10,000 active members under you within 2 months then the company gives you a car worth os 10 lakh. It is one of the biggest offers given by the company.
- If you join 100,000 active members under you within 4 months then the company rewards you with a 1 BHK flat and 1 Mercedes car. This is the biggest reward given by Osmose technology Pvt Ltd. But, this is a very difficult target to achieve. Achieving this target person has to work exceptionally hard provided that he already has all the necessary skills required.
Also Read: Top 20 Finance Companies in India
OSMOSE Technology Fake Or Real
OSMOSE Technology is real but it has many negative reviews on the internet. OSMOSE Technology Says they have 24/7 support but there is no mobile number on their website for support or in google’s business profile.
Most people out there have labeled it as a fraud company. This company is legally not listed in the list of direct selling companies. Moreover, this company asks for an initial investment from a customer without providing any value.
Generally, such MLM-based companies join lakhs of people and then run away with their money. Or these companies provide you with coupons for their low-grade products which are highly-priced to get their profit.
OSMOSE Technology Pvt ltd Register / Login
For Registering / Logging into the Osmose technology Pvt ltd company you need to:
- Create an account.
- For creating your account enter your details.
- Enter your name, address, phone number, Aadhar card number, email Id, birth date, etc.
- Attach your Aadhar card photo.
- You have to pay 1200 rupees (1180 rupees registration fees and 20 rupees transaction fees.)
- After the payment is done your account is created.
- For logging in, Go to the company’s official website.
- Click on the login option.
- A login portal will open.
- Enter your credentials and click on the submit button.
- You have logged into your account.
OSMOSE Technology Pvt ltd Reviews
On the Internet 60-70% of people have labeled this company as fraud. They say that initially, this company gives them money but after 3 to 4 months the money doesn’t come, they don’t pick their calls nor do they reply to any query.
They just give you coupons instead of money which is an unethical practice. It is strictly prohibited by the Indian government.
They are based on Multi-level marketing but some people say that they just rotate the money from one user to another user for their homes.
Also, they are not legally listed plus the pyramid scheme is an illegal practice in India. So, maximum people have reviewed it as a fake company.
Advantages of Osmose Technology Pvt ltd
- Easy to use online shopping company.
- Digitized earning process, you can earn from the comfort of your home.
- Can earn by joining more members.
- Daily use products can be purchased from their online shopping website.
- You can easily earn by surfing on their social media app.
Disadvantages of OSMOSE Technology Pvt ltd
- You have to pay 1200 rupees for joining.
- They do not provide any kind of assurance of earning money.
- Do not have any type of contact information.
- The company is not registered legally in the list of direct selling companies.
- Some people have reviewed it as a fraud company.
- You can lose your money here.
- Most of the products on the website have bad reviews by the customers.
- All the products are way costlier than other company alternatives.
Osmose Technology Private Limited is one shopping, E-commerce company. It works on a Pyramid scheme of Multi-level marketing (MLM).
A lot of people have negative reviews for this company. So, you should perform deep research before joining this company. After all, it’s your hard-earned money.