Wipro executives cannot join Cognizant 9 other rival firms for 12 months after exit
Admin - 11 months ago
Technology
Senior executives who leave Wipro cannot join 10 rival firms for one year starting from their last day at the IT major. This is because of a non-compete clause in their contract that bars them from joining any of these companies immediately after leaving the software firm. Representational Image This is as per the lawsuit filed by the Bengaluru-based giant against ex-CFO Jatin Dalal, who joined rival Cognizant, and from whom the Rishad Premji-led company is seeking ₹25.15 crore (plus 18% interest per annum till the full payment is made) in damages for his actions. Wrap up the year gone by & gear up for 2024 with HT! Click here Also Read: Wipro sues Jatin Dalal after he joins Cognizant; CEO Delaporte under pressureWhich are these 10 companies?These are: Accenture, Capgemini, Cognizant, Deloitte, DXC Technology, HCL, IBM, Infosys, TCS, and Tech Mahindra. Each of these names, claims Wipro, was mentioned in Dalal's contract, yet he joined a direct competitor, where he arrived as CFO in September last year, months after resigning from Wipro. Dalal joined Wipro in 2002, and became its CFO in 2015; in 2019, he was given the additional responsibilities as its President. In such senior roles, therefore, he would be "˜privy to confidential information in relation to the company"™s strategy and business,' the lawsuit says. Also Read: Wipr`踠