STARTUP LEGAL11 Sept 2026
After chairman Bhatt, Coforge NRC chief Singh quits, cites differences in board | Company Business News
Coforge's nomination and remuneration committee head D.K. Singh resigned on 10 September, two days after chairman O.P. Bhatt quit. Both cited differences with board members. Singh said Advent International's three new board members could change the firm's direction and priorities. Coforge is India's seventh-largest tech services firm, with $1.87 billion revenue, up 29.2% last year.
Key Statutory Highlights
- D.K. Singh, who headed Coforge's nomination and remuneration committee and joined the board in December 2024, resigned on 10 September citing differences with board members.
- Advent International, Coforge's largest shareholder with a 21.2% stake, had chairman O.P. Bhatt voted out, and three Advent-linked members joined the board.
- Internal auditor KPMG flagged that Bhatt and Singh allegedly withheld information about the board evaluation report from other board members.
Actionable Advice for Taxpayers / Founders:If you sit on a company board, make sure board papers and evaluation reports are shared with every director, and check your appointment terms before you step down.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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