Digital Scoop India Official Platform of Digital Scoop India Featuring Latest & Best News #Articles #Bytes #Entertainment #DigitalScoopMagazine
Related Articles
In a shocking development at Poonawalla Fincorp Limited, Dhiraj Saxena, the company’s Chief Technology Officer (CTO), resigned on December 3, citing harassment and “unnecessary interventions” by the company’s Chief Human Resource Officer (CHRO). Saxena’s resignation letter, which was submitted in September but came to light on December 6 through a regulatory filing, highlighted ongoing tensions between the IT department and the HR leadership.
In his letter, Saxena revealed that the HR officer’s interference had significantly hampered his ability to manage the IT function effectively. He also mentioned that the constant harassment led to major unrest within the team, which directly affected IT delivery. Saxena emphasized that, despite his best efforts to collaborate and work through the issues, it seemed that the intentions of the other side were not aligned with a constructive outcome.
“I hereby resign from the post of Chief Technology Officer due to harassment and unnecessary interventions of the CHRO, which is impacting me in managing the IT function effectively and efficiently. This is creating major unrest in the team, thereby impacting IT delivery. I have tried my best to collaborate, but it seems it is not the intention of the other side,” Saxena wrote in his resignation letter, as reported by CNBC-TV18.
While Poonawalla Fincorp has not yet issued a formal statement regarding Saxena’s resignation, this incident follows a period of significant changes within the company. In June, Arvind Kapil from HDFC Bank joined as the Managing Director and CEO of Poonawalla Fincorp, marking a shift in the company’s leadership.
Poonawalla Fincorp is a non-banking financial company (NBFC) under the Cyrus Poonawalla Group, focusing on consumer and MSME financing. The company has ambitious plans for growth, aiming to double its employee count in the next five years and expand its product offerings in the retail lending sector. Poonawalla Fincorp also intends to add 400 branches to its existing 100 by the end of next year.
As the company continues to evolve, Saxena’s resignation raises questions about internal management dynamics and its impact on the future operations of Poonawalla Fincorp.
Sources By Agencies
