Former IT firm employee accused of stealing source code worth Rs 87 crore

Bengaluru police have registered an FIR against a former senior employee of an IT firm for allegedly stealing proprietary software source code and other confidential data valued at about Rs 87 crore , officials said on Tuesday.

The accused, Ashutosh Nigam , was employed as a senior manager research scientist with Amadeus Software Labs India Private Limited , a global travel technology company, from February 1, 2020 . He was residing in Bengaluru at the time of the alleged offence.

According to the FIR registered at the Whitefield CEN Crime police station , Nigam allegedly unauthorisedly accessed the company’s systems on October 11, 2025 . He is accused of transferring the source code and other sensitive data to his personal email account without the company’s consent or approval. The alleged breach was detected through internal monitoring and audit mechanisms.

The complaint stated that when confronted with internal findings, records and reports, Nigam admitted to exfiltrating the source code , and the admission was video recorded by the company as part of its internal inquiry.

The company claimed that the approximate value of the software, including the source code, was around eight million euros , equivalent to about Rs 87 crore . It alleged that the data theft caused severe business impact, financial loss and compromise of its intellectual property rights .

Following the internal investigation, Nigam’s employment was terminated on December 3, 2025 . Based on the complaint by a company representative, police registered a case on January 23 under relevant provisions of the Information Technology Act .

Police said further investigation is underway to ascertain the full extent of the alleged breach, the method used to transfer the data and whether the confidential information was shared or misused.