Indyarocks password stored in plain text?

I just got an SMS from Indyarocks which was mere a reminder that my password would be archived in 7 days. I need to login to keep it active and then they even sent the username and password in the SMS itself. The SMS is as follows:

Your Free SMS account on Indyarocks.com will be archived in 7 days. Login now to keep it active. Ur Login Id: ManishSinha pwd: *****

Looks like Indyarocks stores the password in plain text and not the hash value. Should I feel insecure?

I created this account last year to get updates related to placement from our Placement Department but never ever logged in.

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Open Minded, Rationalist and FOSS Enthusiast.

By the way, maxriskfactor is my IRC nickname ;)