Latest news with #RaviKumarS
Yahoo
8 hours ago
- Business
- Yahoo
Nasscom Launches US CEO Forum in New York to Strengthen India-US Tech and Innovation Partnership; Ravi Kumar S, CEO, Cognizant Appointed as Chair
NEW YORK, July 10, 2025 /PRNewswire/ -- In an era defined by digital disruption, frontier technologies, and global rebalancing, tech collaboration has emerged as a central pillar of bilateral engagement. The United States and India share one of the world's most strategic and future-facing technology partnerships. To further deepen this collaboration, Nasscom has announced the formation of The US CEO Forum at the Consulate General of India in New York. The Forum brings together leading Indian technology CEOs and influential US stakeholders to drive high-level strategic dialogue across innovation, enterprise, policy, and talent development. Nasscom also announced the appointment of Ravi Kumar S, CEO of Cognizant, as Chair of the US CEO Forum, with Amit Chadha, CEO and MD of L&T Technology Services, joining as Co-Chair. Conceived as a premier leadership platform, the Nasscom US CEO Forum aims to advance the technology and innovation partnership between India and the United States, one of the world's most forward-looking bilateral relationships. The Forum will also include other prominent leaders from the Indian diaspora, including, Mohit Joshi, CEO & MD, Tech Mahindra, Sudhir Singh, CEO & Executive Director, Coforge, Sandeep Kalra, CEO, Persistent Systems, R Srikrishna, CEO & Executive Director, Hexaware Technologies, Angan Guha, CEO & MD, Birlasoft, Vikram Sehgal, Co-Founder, Nagarro, Balkrishan Kalra, President & CEO, Genpact, Manish Tandon, CEO & MD, Zensar Technologies, Partha De Sarkar, Whole-time Director, Hinduja Global Solutions, Chinmay Pandit, Whole time Director, President – Americas, KPIT, Pranay Agrawal, Co-founder & CEO, Fractal, Srinivas Pallia, CEO & MD, Wipro, Mohit Thukral, CEO, Arise, and, Rostow Ravanan, Chairman & CEO, Alfahive. Rajesh Nambiar, President, Nasscom, said, "The launch of the Nasscom US CEO Forum marks an important milestone in deepening the India–US technology partnership. This platform brings together industry leaders to foster meaningful collaboration, align with key stakeholders, and explore new frontiers in innovation, talent, and investment. As both nations look to shape a future driven by technology and shared values, the Forum aims to strengthen connections that generate lasting impact across economies, communities, and global markets." Speaking at the launch, Amb. Binaya Srikanta Pradhan, Consulate General of India, New York, said, "We are delighted to host the launch of the NASSCOM US CEO Forum at the Consulate in New York. Creation of this platform is timely and it has potential to act as a force multiplier for India-US tech partnership and the future of innovation, talent, and global leadership." Through strategic dialogue, policy engagement, and thought leadership, the Forum advances the broader vision of deepening bilateral trade, as outlined in the Mission $500 Billion initiative by Prime Minister Narendra Modi and President Donald Trump. With technology as a key pillar of the TRUST agenda, the Indian tech sector is poised to play a central role in realizing this shared ambition. The US CEO Forum will serve as a sustained engagement platform to reinforce the India–US tech corridor as a foundation for global digital transformation and inclusive economic growth. It will also focus on advancing the India–US tech partnership from collaboration to co-creation, unlocking the transformative potential of AI, semiconductors, clean tech, and future skills. It will explore how cross-border partnerships can build resilient, secure, and innovation-led digital ecosystems. With the foundational theme "India Tech for America's Growth," the Nasscom US CEO Forum positions Indian technology industry as a strategic partner in shaping the digital century. About Nasscom Nasscom represents the voice of over $284bn technology industry in India with the vision to establish the nation as the world's leading technology ecosystem. Boasting a diverse and influential community of over 3500 member companies our network spans the entire spectrum of the industry from DeepTech and AI start ups to multinationals and from products to services, Global Capability Centres to Engineering firms. Guided by our vision, our strategic imperatives are to accelerate skilling at scale for future-ready talent, strengthen the innovation quotient across industry verticals, create new market opportunities – both international and domestic, drive policy advocacy to advance innovation and ease of doing business, and build the industry narrative with a focus on Trust, and innovation. And, in everything we do, we will continue to champion the need for diversity and equal opportunity. For more details visit our website or write to us at: comms@ Logo: View original content: SOURCE nasscom Sign in to access your portfolio
Mint
24-06-2025
- Business
- Mint
Fight escalates as Infosys claims poaching by Cognizant executives Diaz, Gummadi
A fresh row has erupted between Infosys Ltd and Cognizant Technology Solutions, just when it appeared that their battle over trade secrets was nearing an end. Infosys has named two Cognizant officials—chief people officer Kathryn Diaz and president of the company's Americas business Surya Gummadi—as having documents pertaining to the case and for allegedly being involved in poaching its employees that slowed the development of its own healthcare software product, according to court documents seen by Mint. The new twist to the ongoing legal battle between the two software services companies comes after Infosys, on 9 January, first alleged Cognizant chief executive Ravi Kumar S of deliberately delaying the rollout of its healthcare product, Infosys Helix, as he was in talks for the top job at the Nasdaq-listed company. Also read: No more waiting: IT firms go deal-hunting amid slowdown Teaneck, New Jersey-based Cognizant was swift in rejecting Infosys' poaching accusations, saying that Diaz was hired much after Kumar came on board. Kumar, formerly an Infosys veteran and who was critical to the development of Helix, left the company in October 2022 and joined Cognizant as chief executive officer (CEO) in January 2023. 'Indeed, Infosys's former president Ravi Kumar S installed Diaz as chief people officer after he became Cognizant's CEO in 2023 and she occupied that role as Cognizant targeted Infosys Helix by scheming with and hiring away Infosys executives overseeing the product's development: Shveta Arora (October to December 2023) and Ravi Kuchibhotla (2024)," said Infosys in its 13 June joint report supporting its motion in a Dallas court. Arora is Cognizant's consulting head whereas Kuchibhotla is its chief strategy officer. Both executives worked at Infosys prior to joining Cognizant in December 2023 and August 2024, respectively. Infosys Helix is a competing software to Cognizant's TriZetto. 'Infosys' ongoing obfuscation does not change the fact that they have been caught red handed stealing Cognizant's intellectual property. Infosys manufactured baseless claims that suffer from multiple factual and legal deficiencies and only serve to distract from its trade secret theft," said Cognizant on 23 June in a reply to Mint's email. Infosys had yet to respond to Mint's request for comment. The legal tussle goes back to August last year when Cognizant accused Infosys of stealing trade secrets pertaining to its healthcare software. Infosys denied the allegations and responded with its own counterclaims, suggesting Cognizant had not properly identified the trade secrets it alleged were stolen. Also read: Infosys CEO Parekh gets 22% pay hike in FY25, stays second-highest paid IT CEO Subsequently, Infosys upped the ante by publicly naming Cognizant's chief executive S Ravi Kumar in a court filing dated 9 January. It accused Cognizant of hiring Kumar to slow down the development and rollout of a competing software, Helix, a move that nfosys has termed anti-competitive. The Bengaluru-based company said Gummadi and Diaz had documents containing knowledge pertaining to the case. 'Infosys has explained its position that both Gummadi and Diaz are likely to have documents that are highly relevant to the issues in the case and responsive to multiple requests for production propounded by Infosys," said the company in its joint report supporting its motion. Infosys mentioned that Gummadi would have documents related to the 2014 acquisition of TriZetto, which is Cognizant's healthcare payer software, and also documents including the strategy behind the acquisition. The Bengaluru-based company added that Gummadi would also have knowledge of Cognizant's strategic approach in the healthcare payer software and IT services markets both before and after the acquisition. Both companies are fierce competitors in the healthcare space. Cognizant gets almost a third of its revenue, about $5.9 billion, from clients in the health sciences sector, while Infosys gets 7.3% of its revenue, or about $1.4 billion, from clients in this space. Cognizant in its reply stated that an investigation was launched to respond to Infosys' claims regarding the case. The company said the two executives named by Infosys had no bearing on this case. 'As part of that investigation, Cognizant determined that the high-ranking nature of Gummadi's position as president— Americas and Diaz's position as chief people officer (both are on CTS's leadership team) made them particularly poor fits as custodians because they infrequently draft or receive the types of fact-intensive documents about granular subjects that would be most responsive to Infosys's requests," said Cognizant as part of the joint report of Infosys and Cognizant on 13 June. 'Ms. Diaz in particular, is a poor fit as a custodian in this case because—as Infosys admits, supra at 30-31—she was not hired by Cognizant until months after Ravi Kumar was hired as the CEO. It is thus odd to suggest that she was part of some grand scheme to poach Ravi Kumar and undermine Helix when she was not employed by Cognizant at that time," said Cognizant in its response as part of the report. Cognizant added that Infosys had not provided it, or the court with any evidence suggesting that Gummadi and Diaz have documents which are not already covered by the other executives Cognizant has identified to respond to Infosys's requests. Also read: How India's mid-cap IT bested the Big Four in hiring 'Infosys has done nothing more to attempt to connect them (Gummadi and Diaz) to this case than point to their job titles," said Cognizant. Earlier, in a 10 March filing, Cognizant called Infosys's accusations against itself and its CEO as 'preposterous' and 'absurd', adding that Kumar and two other people (Shveta Arora and Ravi Kuchibhotla) named by Infosys were hired on the basis of their skills. Cognizant, which follows a January-December financial calendar, ended 2025 with $19.74 billion in revenue, while Infosys, which follows an April-March financial calendar, ended FY25 with $19.28 billion in revenue. The latest developments may quash all hopes of truce as the Dallas court welcomed both parties to discuss matters pertaining to the case over a call with the court in a 23 May order. Now, Infosys said that it might treble the damages sought from Cognizant. 'The amount in controversy flowing from the antitrust claims alone is significant, likely in excess of hundreds of millions of dollars. Both parties have monetary damages claims against each other, and Infosys is entitled to treble damages and attorneys' fees if it prevails on its antitrust claims," said Infosys in its 13 June report. Infosys has also sought the court to compel Cognizant to produce documents regarding a similar 'Syntel case,'—a substantial trade secrets dispute between Cognizant arm TriZetto and Syntel—as it claims Cognizant continuously cited excerpts from the case throughout the legal proceedings. In a New York district court, Syntel was found guilty of misappropriating Cognizant trade secrets in 2020.
Time of India
21-06-2025
- Business
- Time of India
Cognizant to invest $183 million for to build new campus in Vishakapatanam
BENGALURU: Software services firm Cognizant Technology Solutions will invest 15.82 billion rupees ($182.76 million) to build a new campus in south Indian city of Vishakapatanam that will create about 8,000 jobs, the state government announced on Friday. Commercial operations will begin in March 2029, an Andhra Pradesh government press release said. Cognizant did not immediately respond to a request for comment. The announcement comes just months after India's top IT firm, Tata Consultancy Services , unveiled plans for 13.70 billion rupee campus in the same city, and is expected generate 12,000 jobs. The move aligns with Cognizant's strategy to optimise real estate costs. In May 2023, Chief Executive Ravi Kumar S said the company would relinquish 11 million square feet of office space globally, mainly in India's largest cities, while investing in tier-2 Indian cities. Globally, IT companies, including those in India's $283 billion sector, are taking cost-cutting measures such as monetising real estate assets and delaying wage increases amid demand uncertainty. Last month, the Teaneck, New Jersey-based company raised its annual revenue forecast and beat first-quarter results driven by increased demand for AI-powered IT services. Cognizant expects 2025 annual revenue between $20.5 billion and $21.0 billion, compared to previous outlook of the midpoint of $20.30 billion to $20.80 billion.
Time of India
21-06-2025
- Business
- Time of India
Cognizant to invest $183 million for new India campus, add 8,000 jobs
BENGALURU: Software services firm Cognizant Technology Solutions will invest 15.82 billion rupees ($182.76 million) to build a new campus in south Indian city of Vishakapatanam that will create about 8,000 jobs, the state government announced on Friday. Commercial operations will begin in March 2029, an Andhra Pradesh government press release said. Cognizant did not immediately respond to a request for comment. The announcement comes just months after India's top IT firm, Tata Consultancy Services , unveiled plans for 13.70 billion rupee campus in the same city, and is expected generate 12,000 jobs. The move aligns with Cognizant's strategy to optimise real estate costs. In May 2023, Chief Executive Ravi Kumar S said the company would relinquish 11 million square feet of office space globally, mainly in India's largest cities, while investing in tier-2 Indian cities. Globally, IT companies, including those in India's $283 billion sector, are taking cost-cutting measures such as monetising real estate assets and delaying wage increases amid demand uncertainty. Last month, the Teaneck, New Jersey-based company raised its annual revenue forecast and beat first-quarter results driven by increased demand for AI-powered IT services. Cognizant expects 2025 annual revenue between $20.5 billion and $21.0 billion, compared to previous outlook of the midpoint of $20.30 billion to $20.80 billion.
NDTV
20-06-2025
- Business
- NDTV
Cognizant To Invest Rs 1,583 Crore For New India Campus, Add 8,000 Jobs
BENGALURU: Software services firm Cognizant Technology Solutions will invest Rs 1,583 crore ($182.76 million) to build a new campus in Vishakapatanam that will create about 8,000 jobs, the state government announced on Friday. Commercial operations will begin in March 2029, an Andhra Pradesh government press release said. Cognizant did not immediately respond to a request for comment. The announcement comes just months after India's top IT firm, Tata Consultancy Services, unveiled plans for 13.70 billion rupee campus in the same city, and is expected to generate 12,000 jobs. The move aligns with Cognizant's strategy to optimise real estate costs. In May 2023, Chief Executive Ravi Kumar S said the company would relinquish 11 million square feet of office space globally, mainly in India's largest cities, while investing in tier-2 Indian cities. Globally, IT companies, including those in India's $283 billion sector, are taking cost-cutting measures such as monetising real estate assets and delaying wage increases amid demand uncertainty. Last month, the Teaneck, New Jersey-based company raised its annual revenue forecast and beat first-quarter results driven by increased demand for AI-powered IT services. Cognizant expects 2025 annual revenue between $20.5 billion and $21.0 billion, compared to previous outlook of the midpoint of $20.30 billion to $20.80 billion.
