IT majors Infosys, Cyient on list of Electoral Bonds donors

• 4
• 0

As per data released on March 17 by the Election Commission of India, Information technology and engineering services companies, including Infosys, Cyient, and Zensar Technologies, have been identified as donors to political parties through the electoral bonds scheme (EBS). The EC has publically posted EBS data submitted by the State Bank of India (SBI) on its website, adhering to the Supreme Court's order on the matter.

As per latest data, IT major Infosys in March 2018 made a contribution of ₹1 crore to Janata Dal (Secular) during the Karnataka assembly elections that month, while in May 2019, Zensar Technologies contributed ₹3 crore to unspecified parties through electoral bonds. Cyient has emerged as the largest donor among the three companies, donating ₹10 crore in two tranches of ₹5 crore each on November 7 and November 14, 2023.

However, the recipients of these contributions are yet to be identified.

The Election Commission of India on March 17 made public the data on electoral bonds. This data was submitted in sealed covers to the Supreme Court. It was later asked to be put up in the public domain by the top court.

Source