Azim Premji’s Wipro recordsdata a ₹25 crore lawsuit towards the individual employed on ₹43 crore wage, what’s the complete matter? – 2024-05-16 05:08:00

by times news cr

2024-05-16 05:08:00
New Delhi: Azim Premji’s firm Wipro is likely one of the largest expertise corporations in India. Its market cap is greater than Rs 2,40,000 crore. Wipro, led by billionaire Azim Premji, is understood for its moral practices, philanthropic initiatives and work tradition. Wipro typically stays within the headlines for its enterprise dealings. It’s now within the headlines for its intention to resolve authorized disputes with former staff. Among the many officers concerned on this incident, Jatin Dalal might get some aid. Wipro has initiated authorized motion towards its former CFO Jatin Dalal. It calls for fee of Rs 25 crore with an annual rate of interest of 18% from September 29 final 12 months. Wipro took the matter to courtroom alleging that Jatin Dalal had violated the non-compete clause in his employment settlement.

Jatin was related to Wipro since 2002. Throughout his tenure, he has dealt with varied duties associated to finance. Between 2002 and 2004, he led the creation of Wipro’s inner Shared Companies division whereas serving as head of finance. Previous to this, from 2011 to 2015, he labored because the CFO of Wipro’s World IT Enterprise, based mostly in Bengaluru.

What’s the profile of Jatin Dalal?

Earlier than becoming a member of Wipro, Jatin was part of the distinguished Monetary Administration Program (FMP) at Common Electrical (GE). Right here he was honored with the ‘World Company Honors’ award. Dalal was a member of the advisory board of the corporate listed on the New York Inventory Change from June 2015 to November 2022. He’s additionally holding the place of Co-Chairman of the CFO Committee on the Confederation of Indian Business (CII) for the monetary 12 months 2023-2024.

Has carried out engineering from NIT, Surat

Jatin Dalal has obtained a bachelor’s diploma in engineering from the Nationwide Institute of Know-how (NIT), Surat. He additionally holds a Put up Graduate Diploma in Enterprise Administration (PGDBA) with specialization in Finance and Worldwide Commerce from NMIMS, Mumbai.

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