Infocomm Infocomm
24th NBFC100 TECH SUMMIT AWARDS 24th NBFC100 TECH SUMMIT AWARDS
BFSI AI SUMMIT BFSI AI SUMMIT
Home Regulators RBI SEBI TechINFRA Security Data Centre Cloud Services Government Reforms DBT Aadhaar GST Payments Payment Gateways ATM Point of Sale Payment Wallets Fintech Apps Banks Public Sector Private Sector Cooperative NBFCs Year Ender Magazine Magazine Subscription Articles Interviews Webinars Webinar Videos Video Series — Innovation Talk Upcoming Initiatives BFSI Events About Us Contact Us

Cognizant to disburse $5.7 Million to compensate for underpaid overtime hours

Cognizant

Tech major Cognizant and its ex-employee Debi Mishra have finally agreed for a class-action settlement where the firm has decided to pay $5.7 million in a bid to compensate for underpaid overtime hours.

Cognizant

Advertisementgreylabs

Mishra and other employees who were a part of the class action worked in the quality engineering & assurance (QE&A) team of the firm. Mishra was appointed in the team for Cognizant’s client Blue Shield based in California until he put down his papers in 2015.

Mishra in the lawsuit alleged that Cognizant did not pay him for the overtime by failing to include certain amounts when calculating the regular rate of pay.

Advertisement24th Elets NBFC100 Tech Summit & Awards, Mumbai

Besides, Mishra alleged that in 2012, he received a letter mentioned that the terms and conditions of his employment had changed.

AdvertisementInfoComm India 2026

Cognizant informed him that his “position has been classified as overtime-eligible.” The letter also stated that Mishra was guaranteed to earn “no less than $62,100,” and that the bonus would be added in a bid to keep his annual income at this level.

AdvertisementElets BFSI AI Summit & Awards, Mumbai

But the actual payments were said to be much below. Mishra’s counsel appointed an expert forensic economist for reviewing and analyzing the data. As per the analysis, the total potential damages for all employees involved, was $11,219,891.

Cognizant rejected this analysis, and challenged that Mishra and the class members “did not actually work overtime hours and instead merely recorded overtime as a means of obtaining faster and more evenly spread pay.”

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram.

Tags: Cognizant

Our Coverage of News

PB Fintech’s PB Pay Goes Live to Offer Unified Payment Solutions for Indian Merchants

Gurugram, September 7, 2026: PB Pay, the Payment Aggregator platform of PB Fintech Limited, has commenced operations and… Read more →

Navana.ai Raises ₹40 Crore in Series A to Expand Voice AI Across BFSI

Bengaluru, September 7, 2026: Voice AI startup Navana.ai has raised ₹40 crore ($4.2 million) in a Series A… Read more →

Slice Raises $100 Million at $450 Million Valuation Amid Major Valuation Reset

Digital banking startup Slice has reportedly raised $100 million in a fresh funding round at a valuation of… Read more →

Zerodha Secures SEBI Approval to Enter Merchant Banking Business

Stockbroking firm Zerodha has received approval from the Securities and Exchange Board of India (SEBI) to operate as… Read more →

Manish Mehta Joins SBI Mutual Fund Management as Chief Business Officer

Manish Mehta has joined SBI Funds Management as Chief Business Officer, bringing more than three decades of experience… Read more →

Axis Bank Launches Industry-First UPI Controls to Strengthen Digital Payment Safety

Mumbai, September 1, 2026: Axis Bank has introduced two new customer-centric capabilities—Industry-First UPI Limit Management and International Travel… Read more →