Managing Partners Of Polaris & #8217; Bpo Arm Resign

In a pre-emptive move, Harpal Dugal and Suren Khirwadkar, managing partners of Optimus, the business process outsourcing (BPO) subsidiary of Polaris, have resigned from its board. The board meeting of Optimus is scheduled for tomorrow, a day before that of Polaris.

Both Dugal and Khirwadkar are understood to have sent in their resignation by e-mail. They have initiated legal action against Polaris for failing to meet financial and equity commitments they say were promised to them when they joined Arun Jain, chairman and CEO of Polaris, on his BPO initiative.

The resignations are not expected to have any impact on the ongoing court cases that the duo have initiated against Polaris.