Wipro bars senior executives from joining 10 rival firms for 12 months after resignation

The Wipro senior executives who leave the software company cannot join 10 rival firms for 12 months after resigning as per a non-compete clause in their contract.

The 10 companies 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.

This was revealed in a lawsuit filed by the tech company against its former CFO Jatin Dalal, who recently joined its rival Cognizant, demanding a compensation of Rs 25.12 crore with annual interest of 18% till the full payment is made.

Dalal joined Wipro in 2002, and was promoted to the company’s CFO in 2015 and got additional responsibilities as its President in 2019. Apart from Dalal, Mohd Haque, Wipro’s former Senior VP also left the company and joined Cognizant. Wipro has also sued the executive.

Apart from the above executives, several top executives have also exited from the firm including COO Sanjeev Singh, iDEAS business head Rajan Kohli, Americas 1 CFO Kamini Shah, Americas 2 CFO Nithin V Jaganmohan, India head Satya Easwaran, and VP Gurwinder Sahni, and Ashish Saxena. However, none of them got sued by the company.

Also Read: Wipro Demands Ex-Employee To Pay Rs 25 Crore, Know Why