In the dynamic world of corporate affairs, few stories captivate the attention as much as that of Jatin Dalal, have a look at his salary and net worth
Jatin Dalal is the Chief Financial Officer (CFO) of Cognizant Technology Solutions. He was recently thrust into the limelight due to a legal battle with his former employer Wipro. Dalal’s journey and the circumstances surrounding his departure from Wipro add intriguing layers to the narrative.
Who is Cognizant CEO Jatin Dalal sued by Wipro, salary, net worth, biography, age, family, wife, education
48-year-old Jatin Dalal attended NIT, Surat and then he went to NMIMS for his masters in finance. His wife’s name is not known.
Jatin is married, has two children and his interests are fitness and reading.
As the CFO for Wipro, he was responsible for Corporate Finance, Business Finance, Business Planning, Treasury, Taxation, Controllership and Assurance and prior to this role Jatin served as CFO of Wipro’s IT Business from 2011 to 2015.
Jatin joined Wipro in 2002 and over the years has worked in diverse roles in Finance and during 2002-04, he led the initiative of setting up of Wividus – Wipro’s internal Shared Services division and functioned as its Finance Head. In 2005, he moved to Corporate Treasury with responsibilities for Investors Relations (IR) and economic research.
In 2009, Jatin relocated to UK as the Head of Finance for Europe region and the Global Finance Head for two Business Units (E&U and Manufacturing & Hi Tech), responsible for the profitability and overall finance and commercial support for these units and before joining Wipro, Jatin was part of the prestigious Financial Management Program (FMP) of General Electric (GE) where he was a ‘Global Corporate Honors’ awardee.
Jatin is a Chartered Accountant, India and Chartered Global Management Accountant (CGMA), UK and he holds a Bachelor of Engineering degree from National Institute of Technology (NIT), Surat, India as well as a Post Graduate Diploma in Business Administration (PGDBA) with a specialization in Finance and International Business from NMIMS, Mumbai, India.
.@Wipro takes its former CFO Jatin Dalal to court. Dalal quit Wipro after 21 years and joined Cognizant this month. @Reematendulkar reports pic.twitter.com/41jlH6fhaX
— CNBC-TV18 (@CNBCTV18News) December 27, 2023
. @Wipro files a suit in Civil Court, Bengaluru against former CFO Jatin Dalal and the next hearing is scheduled on January 3, 2024
⭕️Alert: Jatin Dalal joined Cognizant on December 1 after quitting Wipro pic.twitter.com/05t1WN6zy9— CNBC-TV18 (@CNBCTV18Live) December 27, 2023
Jatin Dalal’s association with Wipro spans over two decades, marking a significant chapter in his professional life. Rising through the ranks, he assumed the pivotal role of Chief Financial Officer in 2015. His departure from Wipro in November 2023 raised eyebrows and set the stage for the unfolding legal drama.
In a surprising turn of events, Cognizant Technology Solutions announced Dalal’s appointment as their CFO in September 2023. This move came at a time when Cognizant was undergoing strategic shifts and seeking seasoned leadership to navigate the complex waters of the IT industry. Dalal’s wealth of experience at Wipro positioned him as an attractive candidate for such a critical role.
Wipro filed a lawsuit against Jatin Dalal in a Bengaluru civil court. The exact nature of the dispute remains shrouded in ambiguity, adding an element of suspense to the unfolding saga. Reports suggest that Dalal, in response, sought to move the matter to arbitration, indicating a preference for a more private and alternative resolution mechanism.
The legal tussle gains further complexity as it comes on the heels of Wipro filing a complaint against another former executive, Mohd Haque, for an alleged violation of a non-compete clause. Haque’s subsequent move to Cognizant intensified the legal scrutiny on transitions between these major IT players.
Rumors surrounding the potential arrival of former L&T Infotech CEO, Sanjay Jalona, at Wipro have been quashed by the company. This development adds a layer of uncertainty to Wipro’s leadership landscape and raises questions about the company’s ongoing efforts to reinforce its executive team.
As the legal proceedings unfold and the industry watches with bated breath, Jatin Dalal’s journey from Wipro to Cognizant remains a focal point of discussion.
Jatin Dalal’s net worth
Cognizant’s CFO Jatin Dalal gets $5 million in annual pay at Cognizant, 5x of what he earned at Wipro. At Wipro, Dalal’s salary dropped from $1.5 million in the 2021-22 financial year to $1 million in the 2022-2023 financial year. His net worth isn’t known though.