Dominic, hired by Logicash, an outsourcing agency, drove away the van with the cash when two other employees had gone to a bank in the heart of the city to collect money at around 1.30 pm, Deputy Commissioner of Police (West) M N Anucheth said.
"The driver, Dominic, who was hired by Logicash, fled in a money van which was carrying Rs 1.37 crore collected from banks," he told PTI here.
The accompanying security personnel had gone to attend the nature's call when the driver fled the spot, he said.
A team has been formed to apprehend the accused, he said.