Adaptra was founded in 1998 and works with five of the top ten insurers in Australia and New Zealand. About 100 of Adaptra’s consultants will join Cognizant when the deal closes.
Mistry, who had been ousted as chairman of TCS on November 9, added that he would “continue to strive and work at various forums to be voice for change in the Tata Group, its governance and protection of stakeholders’ rights.”
ideaForge’s drones have been used by the Indian Armed Forces for surveillance, crowd monitoring and rescue operations, and have commercial applications in verticals such as energy, utilities, telecom and agriculture, Infosys said in a statement.
Mistry added he would ‘ continue to strive and work at various forums to be voice for change in the Tata Group, its governance and protection of stakeholders’ rights.’
Mistry made an emotional appeal for a "conscience vote" in a speech read in absentia that included several scathing remarks aimed at Ratan Tata.
“Bring in Kumarmangalam Birla, Anand Mahindra or Rahul Bajaj to resolve this internally, or like former ICICI Bank chairman KV Kamath helped resolve the fight between the Ambani brothers in 2007,” Kirit Shah said.
Cyrus Mistry's removal of director is a foregone conclusion as Tata Sons owns more than 70% of the largest Indian IT company.
The entrepreneurship sabbatical programme only began few months ago and Khandelwal said the company was already seeing takers.
Six of the seven listed Tata companies, in which Cyrus Mistry is a director, have called for shareholder meetings to oust him from their boards.
UBS has been a large spender on IT, BPO services. For instance, it is spending $1 billion to standardise an IT platform across its wealth management business.
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