Infosys CEO Vishal Sikka says of false stories in email to staff

Reminding the employees of "far bigger battles ahead", Sikka urged them to "rise above the distractions, focus on what really matters, and deliver".

Infosys CEO Vishal Sikka says of false stories in email to staff

Days after the power struggle in India's one of the largest conglomerate, Infosys, the CEO of the company Vishal Sikka has hit out at detractors for "false and malicious" stories about the IT company saying they were "designed" to target him "to the point of harassment".

In an email to Infosys employees, Sikka said reports questioning the company's acquisition of US-based Panaya are "orchestrated by people who are hell-bent on harming the reputation of the company and its employees".

"We have categorically denied the allegations in these stories, but they still get published," he wrote.

Earlier in February 2015, Infosys had announced buying New Jersey-based automation technology company Panaya - its second largest acquisition deal - for $200 million or Rs. 1,250 crore in cash.

Sikka termed the reports as "false and malicious" and said the "speculations and fabrications are clearly designed to tarnish our reputation, and they specifically target our employees, including myself, to the point of harassment".

"We cannot let these stand unchallenged, and we will take every step and pursue every avenue to strongly defend the company in the face of these unfair and unwarranted attacks," he said.

Sikka said fresh allegations on Panaya acquisition were distractions that are "expensive, draining and time-consuming".

Reminding the employees of "far bigger battles ahead", he urged them to "rise above the distractions, focus on what really matters, and deliver".

"I am, as always, counting on your faith and unwavering attention to what really matters. Change is never easy, and change at the scale that we are undertaking may be unprecedented, and perhaps it is this change that has so inflamed some into trying to drag us all into the mud," he said.

Sikka emphasised that the company takes every whistleblower complaint very seriously and that there is due process to investigate any complaint that comes to it.

The media had earlier reported about a whistleblower's letter to market regulator Sebi(Securities and Exchange Board of India), alleging irregularities in the acquisition of Panaya.

"They create a false alternate-reality out of events and dates, with embellishments that are calculated to mislead and sensationalise," Sikka added.

Dr Sikka said that though these "distractions are expensive, draining and time-consuming", it is the company's burden to ensure that its business continues "unflinchingly".

Emphasising that the year ahead will decisively separate the "has-beens" in the industry from the "to be's", Sikka said, "Our success will be a success for all of us, including those whose ample shoulders we stand on. Our failure will be more than a failure of a company - it will be a failure of an industry, and a dream. We cannot let that happen."

In the past few weeks, Infosys has been under fire from some of the co-founders who have alleged corporate governance lapses. The company's board and management have, however, stood their ground denying these charges.

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