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Bengaluru-based company Mphasis has also named its former vice president Brijesh Khergamker as a party in the case filed in a Colorado court.
Mphasis has sued ex-vice president Brijesh Khergamker and rival Coforge for alleged poaching and contract breach.
KEY POINTS
- Mphasis claims Khergamker and another executive had access to confidential data about its largest client, Charles Schwab.
- Four former Mphasis employees, including Khergamker, joined Coforge within a year of leaving, triggering cease-and-desist letters.
- Coforge surpassed Mphasis in IT services revenue last year with $1.87 billion and rapid 29.2% growth.
- Legal disputes over non-compete clauses are rising among major Indian IT service firms amid increased competition.
COMPANIES
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