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Egniol Services Private Limited has room for improvement based on customer feedback. Customers particularly appreciate service, though some mention concerns about communication.
They charge us for msme and other loans but never got any application update and also not satisfied experience from team and they just charge you after that nothing happens even swapnil joshi who has to update his phones r switched off no updates and it is pathetic
pathetic company . Pathetic Service. They will take money and vanish
Entrepenuers, beware of Egniol. They will sweet talk you into trusting them to get you funding from non-dilutionary sources. After that they will submit an application on your behalf in two hours, which will normally take you 2-3 days to fill-out even when you know your own company. I found that out after I paid them. Of course, none of those application will ever get accepted. Not sure if they are scammers, but definitely not competent. Furthermore, they will take no action later. Best to stay away from them. -Shiladitya Sen
This company appears to be engaging in fraudulent practices that directly undermine the very foundation of India’s startup ecosystem. By making false promises to early-stage startups and vanishing after receiving payments, they are not just scamming individual businesses—they are attempting to destabilize the larger initiative led by the Indian Government to promote innovation and entrepreneurship. Our experience was one of blatant deception. The team was aggressive and persistent before payment, offering assurances of timely delivery and high-quality work. However, once the payment was made, they ceased communication entirely. Calls and messages went unanswered, and the deliverables—if any—were far below acceptable standards. This is a clear case of misrepresentation and financial exploitation, particularly targeted at startups who operate with limited resources and rely heavily on trust and timely execution. Such actions are not just unethical; they are criminal. We are preparing to take legal action and will also file a formal complaint with the Ministry of Corporate Affairs, Startup India, and relevant cybercrime authorities. These practices must be exposed to prevent further exploitation of emerging businesses in India. We strongly urge others to avoid engaging with this company. Protect your time, money, and your vision.
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Overpriced services that the founder can do themselves. They charged 25k+ for creating a pitch deck PPT and filling out the application to submit it on the SISFS portal. No value add in pushing applications through, follow-up with incubators etc. Not sure why we need to pay for this! Waste of money
मैंने इस कंपनी में 6000.00 पेमेंट देकर MSME LOAN के लिए प्रोसेस करवाया था, परन्तु अभी तक मुझे कोई भी लोन प्राप्त नहीं हुआ हैI इस विषय में मेरी कंपनी से बात चल रही हैI जब ये मेरी प्रोसेसिंग फीस 6000.00 वापिस कर देंगे तभी मेरा कंपनी के प्रति सकारत्मक विश्वास होगा I WHATS IMPORTANT FOR PEOPLE TO KNOW
MYSELF MUKESH SINGH SOLANKI SOLANKI MY COMPANY IS "FOOD AT HOME", I APPLIED FOR MSME LOAN THROUGH EGNIOL. I AM SATISFIED WITH THEM
Me and my company is about to be cheated today of around 2.5 LACS, but thanks to the trustpilot.com, as due to all its review I come to know all the fradulent practices of EGNIOL and make a narrow escape from the trap of this scammer company.
Don't waste your time and money with this fraud company. They are collecting money from you for their staff and office expenses nothing else. I am Jayraj Gadesha. I applied for a loan from government schemes in January-25 in 2 names. 1 is in my Wife's name Women Prosperity Grant upto Rs.7 lacs and the other in my name. Your Bill No.S28410 dtd.22-01-25 amount 17,700/-. My application for loan. After 4 months no response and results. So don't be fool and go for another way.
Very Bad Service about these company .. there are froud
It’s a carefully crafted scam. I girl named Bhavika Rathore or Prachi will call you and pursue you tirelessly. They will create the urgency of some fictitious deadlines for you to pay up. There will be legal teams. Negotiations. And exchange of documents and once you pay up they will create a WhatsApp group to keep you informed of you may be receiving sone emails from the granting bodies etc. Nothing will ever happen and then your time frame will be up and you will end up frustrated. The police commissioner of Ahmedabad or Gujarat crime branch should investigate the company
Egniol is the cheating company please don't pay any amount please take care from this company
I had refused to join and only after immense pursuasion and written commitments from Mr.Nagesh Maheriya i agreed , Like everyone else has said they apply to any and all and it feels like they are doing a lot but the fact of the matter is the presentations they make for u are of inferior quality, the information they share with you with respect to how to go about followups and reviews is useless and then the people keep dropping out of the whatsapp group, someone you spoke to once vanishes after a few months,When u ask for a review or edit , they take weeks to respond , and then yoiu miss the bus for some grants, Basically it creates the few certificated available for getting done at 10-15k online , then they randomly apply to any and al grants , which they must have a databse of , but thereon nothing else happens.. A huge waste of time and money
After sending the money you will get below response, but nothing will happen. I disappointed "We’re writing to update you on the current status of your application. At present, your file is in the "Submitted" stage, and all associated services have been completed. Please note that results may be released at any time. We kindly recommend that you regularly check your registered email inbox as well as your spam/junk folder for any communication. As soon as you receive an update, please inform us so we can assist you promptly with the next steps. Rest assured, our team will continue to stay in touch and support you throughout the process. If you have any questions in the meantime, please don’t hesitate to reach out."
They take money from hard working individuals by giving them false promises of government schemes for the growth of business. Once they charge you the fees they will stop responding to you. I myself have paid them 60000 and they stopped giving me any kind of assistance just after the payment was received. They take the hopes and dreams of hardworking entrepreneurs and use it against to scam people. Initially they will tell you that you are eligible for lakhs and crores of government funding and there are a lot of schemes for your business , but just after you pay them they will tell you that for some reason you are not eligible and it's the government's fault and your own fault that you are doing that business. They will also make you sign an undertaking so that you can bad mouth them anywhere or they will sue you. Do not fall for such traps.keep your hard earned money and don't go for such short cuts cause all them a just scams ready to grab your hard earned money.
This is a fraud company , they asked for fees as they are committed to deliver and after fees submition they become invisible and untraceable. Total waste of money , new method of fraud in the name of govt. Loan approval
Team There is no response from them after taking payment...as said by others, they randomly file in some loan schemes just to drag the time
It is fraud company. Do not take any service from them. It will take your hard earned money and then vanish
this is a company fraud Egniol Approached to give MSME loans 2025 They asked me to pay 25 k Rs in Advance and 25 k later after the loan is sanctioned. I paid 2 of my companies, l.e.50k I asked them that if its not sanctioned then what will you do, they said that we apply again in other CSR or MSME schemes. They fill the form on govt site PSB loans and approval given from some banks with low interest rates, then when we visit bank the manager says that there will be some mortagage and intrest rate will be more then approval, When we contact Egniol team they say that you have to deal with bank manager we cant help you and they keep applying loans again again and bank keeps rejecting, They are just taking 50k for filling that form they are not even talking with banks, Till date nothing has happened, they sign a no refund policy so they dont even give refund back. No cooperation, Bad service I strongly advise others not to trust this company. Save your time and money and look for more reliable and knowledgeable service providers. Bcoz its a earn advance money but your work can not don I apply for last ma application is every time on board but result not done And employee is not give a perfect ans every time.telling me i chexk and call back but no call for egniol side So please can not prefer this firm to eny startup or govt benifit And almost review is fake so dont trust worost experiance
Warning: Misleading Services & No Accountability—Refund Demanded I’m writing this review after a frustrating and disappointing experience with Egniol (EGINOL)—a company that claims to help startups and MSMEs secure government grants and funding. In December 2024, I was approached by their Sales Head, Yogesh Khatri, who confidently promised end-to-end support in securing financial assistance for my startup, Epic Gymnastics Academy. Based on his assurance, I paid ₹35,400 (incl. 18% GST). However, the moment the payment was made, Yogesh completely stopped responding to calls, emails, and messages. Despite several follow-ups, there was no progress, no guidance, and no accountability. The company's Directors — Udhvik Pandya, Mrugarajsinh Jadeja, and Bhavin Rangjibhai Bhabhor — must be held responsible for this lack of transparency and service. It is unacceptable for a company dealing with entrepreneurs to operate this way. I demand a complete refund of the amount paid, as no service was rendered and all commitments were unfulfilled. To make matters worse, I later got selected for the NSRCEL – Foundations of Entrepreneurship programme on my own, without any help from Egniol. I completed the full 6-week programme independently, fulfilling all their criteria — something Egniol never even mentioned or supported. They failed to inform, guide, or assist, despite their professional responsibility and my upfront payment. This is not just poor service — it’s unethical. I urge Egniol and its directors to take accountability and refund the ₹35,000 immediately. To all fellow founders and MSME owners: Please be cautious before trusting consulting firms like Egniol. Always validate credentials and seek direct access to incubation programmes like those from NSRCEL, DST, SIDBI, and other government-backed platforms. Let this review serve as a warning. Entrepreneurs deserve transparency and trust — not exploitation.
