Dhiraj Saxena, the Chief Technology Officer at Poonawalla Fincorp Limited, has stepped down from his role, effective as of December 3. His resignation, initially submitted in September, was made public on December 6 through a regulatory filing by the company. In his resignation letter, Saxena directly pointed out alleged harassment and interference from the Chief Human Resources Officer (CHRO) as the reasons behind his decision to resign.
Despite the serious nature of the allegations, Poonawalla Fincorp Limited has not released a formal response addressing the claims made by Saxena. The company did, however, confirm compliance with SEBI guidelines and provided detailed disclosures regarding Saxena's resignation in the regulatory filing. Nonetheless, the specifics of the allegations were not commented on by the company. Within his resignation letter, Saxena emphasized the challenges he faced in managing the company's IT functions effectively due to the alleged harassment and unwarranted interventions by the CHRO.
As a pivotal figure in the company's technological advancements, Saxena highlighted how the lack of collaboration and alleged harassment negatively impacted team performance and project outcomes. Poonawalla Fincorp Limited, a non-banking financial company (NBFC) under the Cyrus Poonawalla group, specializes in consumer and MSME financing, offering a wide array of financial products to individuals and businesses. The company had recently unveiled plans to boost its workforce by doubling the number of employees over the next five years and to introduce six new retail-focused lending businesses within the next six quarters.