The company, however, claimed that the person, who first levelled allegations against Kumar in a blog post, was never on its payroll.
TVF was criticised for its "insensitive" statement when the news first broke. In its initial statement, the company said the person behind the blog post will be found and given "severe justice".
"Yes, there have been allegations of misbehaviour against our founder, from several women. When the first blog appeared on March 12, it shocked all of us including our extended set of associates. The allegations were severe. We were confused and taken aback.
It said that the company immediately "began checking the facts internally" as the blog had alleged that the person was an employee with the organisation.
"However, it is a fact that we have found no records of any such person on our pay roll, in that given time period, as described in the blog. Even as we were dealing with the first episode, several other allegations surfaced soon thereafter.
The statement also requested for another "chance" to "learn and get better".
The anonymous blog went viral on social media alleging molestation by Kumar by a woman claiming to be a former employee at TVF.
The blogger alleged Kumar molested her several times during her stint at the company from 2014-2016.
More women came forward on Facebook and Twitter backing her claim and narrating their experiences with Kumar.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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