Of the 10 top level exits at Wipro in 2023, only two executives including former CFO Jatin Dalal and former SVP Mohd Haque, both of whom joined rival Cognizant, were sued by the IT services major. Here is why:
This was in favour of Dalal s plea, who had requested the court to refer the matter to arbitration in a countermove in his application. Wipro is also seeking Rs 25.15 crore in damages from him, along with 18% interest per annum.
In a permanent injunction petition filed against Dalal at Bengaluru’s city civil court, the IT services major is also seeking damages worth Rs 25.15 crore along with 18 percent interest per annum until the payment is done
Wipro-Jatin Dalal row: Dalal's last date of work at Wipro was on November 30. In his new role at Cognizant, he will take over from Jan Siegmund, who plans to retire in early 2024
Former Wipro CFO Jatin Dalal joined Cognizant on December 1. While the reasons for the suit remain uncertain, the next hearing is scheduled on January 3, a person with direct knowledge ET spoke to confirmed.