Archive · 12 Sep 2026
Coforge Board Turmoil Grows After Bhatt, Singh Resignations
Coforge checks how well its Board members are doing each year.
The company said OP Bhatt, its former Chairman, received the lowest rating in the evaluation.
The report was seen by Bhatt and DK Singh, who led the committee responsible for director matters.
Coforge said the report was not given to the other Board members.
It also said the lowest rating was not discussed with the committee or the full Board.
Bhatt resigned as Chairman and an independent director.
Singh later resigned as chair of the committee.
Singh said there had been tensions between independent and executive directors during a change in the Board’s structure.
Coforge is now looking for new directors and a new Chairman.
Coforge said former Chairman OP Bhatt received the lowest rating in the Board evaluation process.
The finding was not disclosed or discussed with the Nomination and Remuneration Committee or the Board.
The evaluation reports were available to Bhatt and NRC Chair DK Singh but not other Board members, Coforge said.
Bhatt resigned as Chairman and independent director, followed by Singh’s resignation as NRC chairperson.
Coforge appointed Beth Boucher as NRC chairperson while interim Chairman Vivek Sharma oversees a search for new directors and a chairman.
- Who
- Coforge, former Chairman OP Bhatt, former NRC Chair DK Singh, the Board, and the Nomination and Remuneration Committee.
- What
- An internal audit found concerns about how the Board evaluation report and its findings were shared and discussed; Bhatt and Singh subsequently resigned from their leadership roles.
- When
- Coforge disclosed the findings on Friday; Bhatt resigned effective September 9 after submitting his resignation email on September 8, and Singh resigned later that week.
- Where
- The matter concerns Gurugram-registered Coforge, which operates in 33 countries.
- Why
- The internal audit reviewed the accuracy and completeness of Board reporting and the governance process for circulating, presenting, and discussing evaluation reports.
Coforge’s Audit Findings
DK Singh’s Explanation
Handling of the evaluation report
Coforge’s Audit Findings
Coforge said the report was not circulated to the wider Board and that Bhatt and Singh’s presentation did not include all significant observations, including the lowest rating.
DK Singh’s Explanation
Singh’s resignation letter did not dispute the audit finding but focused on broader differences and tensions between independent and executive directors.
Reason for the governance turmoil
Coforge’s Audit Findings
Coforge linked Singh’s resignation to concerns identified in the internal audit and the subsequent process of seeking explanations from Bhatt and Singh.
DK Singh’s Explanation
Singh said the transition from a private-equity-led Board structure to a more independent Board had created differences and tensions, contributing to his decision to resign.
- Lowest evaluation rating
- Coforge said Bhatt, or the chairman’s category in the reports, received the lowest rating.
- Report access
- The reports were available to Bhatt and DK Singh but were not circulated to other Board members, including independent directors.
- Bhatt’s resignation
- Bhatt resigned as Coforge’s non-executive independent director and Chairman effective September 9.
- Singh’s resignation
- DK Singh resigned as chairperson of Coforge’s Nomination and Remuneration Committee.
- New NRC chair
- Independent director Beth Boucher was appointed to lead the Nomination and Remuneration Committee.
- Board restructuring
- Interim Chairman Vivek Sharma will oversee the search for additional independent directors and a new Chairman.
- Financial scope
- Coforge said the review concerned governance processes and had no bearing on financial statements, revenue, profitability, operations, or growth outlook.
- Reported June-quarter results
- Coforge reported consolidated net profit of ₹5.19 billion and revenue of ₹55.28 billion for the June quarter.
