Coforge taps Akhil Gupta as chairman

Nifty22, 780.25-360.25. Motilal Oswal Midcap Fund Direct-Growth.

Key points

• The episode wiped more than Rs 4, 400 crore off Coforge's market value as its shares fell over 5%.
• Coforge appoints former Bharti Enterprises executive Akhil Gupta as chairman after board upheaval.
• Coforge has appointed Akhil Kumar Gupta as its new chairperson and non-executive independent director.
• The Economic Times daily newspaper is available online now.
• Smugglonomics: Geckos, dry dates, human hair – what makes something worth smuggling?

Nifty22, 780.25-360.25. Motilal Oswal Midcap Fund Direct-Growth. The Economic Times daily newspaper is available online now.

Coforge appoints former Bharti Enterprises executive Akhil Gupta as chairman after board upheaval. ET OnlineLast Updated: Sep 29, 2026, 06: 43: 00 AM IST.

Coforge has appointed Akhil Kumar Gupta as its new chairperson and non-executive independent director. This decision comes after the resignation of former chairman O P Bhatt against the backdrop of controversies surrounding board evaluations. The internal audit made public discrepancies that affected Coforge's market value significantly. Additionally, the nomination and remuneration committee chairperson D K Singh resigned shortly after. For context, the firm seeks to stabilize its governance structure after recent boardroom upheavals.

As the business seeks to draw a line under a period of boardroom turmoil, IT services firm Coforge has appointed former Bharti Enterprises vice-chairman Akhil Kumar Gupta as its chairperson and non-executive independent director for five years, effective Tuesday. Gupta's appointment follows the abrupt resignation of former chairman and veteran banker O P Bhatt on September 9 after an internal audit discovered that he had withheld a board evaluation report that assigned his own performance category the lowest rating.

For context, the episode wiped more than Rs 4, 400 crore off Coforge's market value as its shares fell over 5%. Days afterwards, nomination and remuneration committee (NRC) chairperson D K Singh additionally resigned, citing "differences" and "tension" between independent and executive directors. Add Now! CoforgeCoforgeAkhil GuptaBharti EnterprisesO P Bhattboardroom turmoilinternal auditmarket value. CoforgeCoforgeAkhil GuptaBharti EnterprisesO P Bhattboardroom turmoilinternal auditmarket value. Can Fly91's flightpath for India's smallest airline defy the doomy past?

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For now, coforge taps Akhil Gupta as chairman remains the part of the story worth watching, and further updates are likely as more details are confirmed.