No financial impropriety found in whistleblower allegations: Birlasoft CEO

economictimes.indiatimes.com:

employees, the company said in its financial statements.
Investigation into the complaints is ongoing and till now no instance of financial impropriety has been found, chief executive and managing director Angan Guha said.

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Guha, in an interaction with ET, said: “Since the investigation is on, I can't talk too much about it. Once the investigation completes, then we can give you an update. But I can only tell you that we have not found any financial impropriety as of now.”

The two complaints came one after the other, but they were pretty much the same and against the same set of people, Guha said. The company received the complaints in September 2023 and February 2024, alleging improper conduct of certain employees. The investigation has been ongoing for at least 60 days.

Speaking about diversifying the company’s revenue, Guha said it has appointed a new CEO for non-US markets. One of the mandates that has been given to him is bringing at least 25% of the revenue from outside the US. This would happen over the next three years, he said.

“Today only 15 or 13% of our revenue is coming from outside the United States,” Guha said.

Invacare, one of Birlasoft’s largest clients, had filed for bankruptcy last year. When asked