Jatin Dalal

Cognizant CFO Jatin Dalal said the company is evaluating a primary offering and secondary listing in India, potentially becoming the first foreign IT major to list on Indian bourses

The court took this decision as Dalal produced agreements that indicated that disputes were to be settled through arbitration

A civil court in Bengaluru will pass orders on January 3 on two interlocutory applications (IA) by Wipro Limited's former Chief Financial Officer (CFO) Jatin Pravinchandra Dalal seeking arbitration with his former company. The suit filed by Wipro on November 28 seeks payment of compensation of Rs 25,15,52,875 with interest of 18 per cent for allegedly violating a clause in his employment contract with the company. Dalal resigned from Wipro in September and is set to join rival Cognizant in January. Allegedly, the non-compete clause prevents Dalal from joining a rival within one year of leaving the company, failing which he would be liable to compensate Wipro with the value of the Restricted Stock Units (RSU) allotted to him or the sum of his total remuneration in the previous 12 months. Earlier on November 28, the counsel for Dalal had filed a memo stating that the defendant was hospitalised. In a subsequent hearing, Dalal's counsel filed IA No 4 under Section 8(2) of the Arbitrati

The IT giant also recently filed a complaint against its former senior executive Mohd Haque, and accused him of violating a non-compete clause embedded within his employment contract

Dalal has sought that the matter be referred to arbitration, the case will now be heard by a Bengaluru civil court on January 3

Dalal will report to Ravi Kumar S, Cognizant's Chief Executive Officer (CEO), who joined the company last October

Dalal's exit comes at a time when Wipro has been battling several high-level exits in the recent past

Attrition for the quarter was at 23 per cent, down from 23.3 per cent from last quarter

The margin for India's fourth-largest IT services firm declined 200 basis points over the previous quarter.

Wipro reported a near 4% year-on-year gain in consolidated net profit for the quarter ending March 31, while revenue rose 28.4%

In a Q&A, the President & CFO of the IT behemoth says over 90% of employees will continue to work from home at least till April

In a Q&A, Jatin Dalal says his company is looking at investments that are good but impacted by the market downturn

We have invested close to $80 million dollar in our big bets in the recent quarters, he said

Interview with CFO, Wipro