Coforge appointed Akhil Gupta as chairperson for five years, replacing OP Bhatt who resigned after an internal audit flagged misrepresentation and omission of key report findings

Tue 29 Sep 2026

Chairperson term

5 years

Stock price during dip

1,900 to 2,000 levels

Time frame to appoint chairperson

4 months

Heard on Live TV News Channel between 07:36:52 - 07:38:07 IST.

• Akhil Gupta appointed chairperson of Coforge for five years, replacing OP Bhatt.
• OP Bhatt had resigned after an internal audit (by KPMG) cited misrepresentation and omission of certain reports and data that he failed to submit to the board.
• The KPMG report flagged a discrepancy in Bhatt's own ranking done by other board members, which was not presented to the board; this finding was shared only with DK Singh, chairman of the Nomination and Remuneration Committee (NRC), who also failed to submit it and subsequently resigned.
• The NRC chairman's resignation pointed to differences between independent and executive directors going forward.
• Coforge had a 4-month window to appoint a new chairperson; the stock had dipped to around 1,900-2,000 levels amid the controversy; the NRC chairman position remains vacant.

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