Cognizant to pay Rs 4 crore to settle CFO Jatin Dalal’s lawsuit with Wipro

Cognizant’s CFO Jatin Dalal settled a non-compete lawsuit with Wipro for $505,087, covering legal fees, per SEC filing. Wipro cited confidentiality and compensation breaches after Dalal left in November 2023 and joined Cognizant on December 1. The Cognizant Human Capital Committee approved the payment. A similar lawsuit with Mohammad Haque was settled. The settlement terms remain confidential.