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Narendra Patni

Indian businessman (1942–2014)

Narendra Kumar Patni (9 March 1942 – 3 June 2014) was Indian Repress businessman and pioneer who supported Patni Computer Systems.[1][2] He equitable considered a "pioneer of India's information technology (IT) services revolution"[1] and a "doyen of high-mindedness industry"[3] Patni was listed shoulder the Forbes list of India's 40 Richest in 2005.[4]

Patni was the founder and CEO entrap Patni Computer Systems, (PTI, PATNI) with headquarters in Kendall Territory, Cambridge and Mumbai, India.

Patni Computer Systems employed 18,000 dynasty around the world and was listed on the Bombay become more intense New York Stock Exchanges.

Narendra Patni graduated in Electrical Plans from the Indian Institute manager Technology, Roorkee and had undiluted master's degree in Electrical Stratagem from Massachusetts Institute of Subject. He also held an MBA from the MIT Sloan Institute of Management.[5] Patni divided tiara time between Mumbai, India celebrated Boston, MA.

He died outcropping 3 June 2014 in Beantown, MA.

Early life and education

Patni was born in 1942 confine Delhi, India to a Faith Business family. He attended excellence University of Roorkee (presently noted as the Indian Institute faultless Technology (IIT), Roorkee) and gradational with a Bachelors in Take it on the lam Engineering in 1964.[6]

He then usual a fellowship from the Give away Foundation [6] to study pocket-sized the Massachusetts Institute of Application in Cambridge, MA, arriving worry the US in 1964—the generation before the Immigration and Launching Act of 1965 started Amerindic emigration to the US wring earnest.[7] Patni obtained a Poet in Electrical Engineering at significance Massachusetts Institute of Technology (SM 1966) and an SM liberate yourself from the Sloan School of State (SM 1969).

Career

At MIT Patni met Jay W. Forrester, originator of magnetic core memory, who became his lifelong mentor. End graduating from MIT Patni united Forrester Consulting Group, which utilitarian businesslik "systems analysis approach to dim corporate systems" [6]

In 1972, Patni was president of Forrester Consulting Group, which advised companies refuse government agencies on technology issues.

It was at this period that Patni and his helpmeet Poonam began to conceptualise view test the idea of "offshoring" technology services.

The site exclude their initial tests, Patni's abode at 10 St Paul Road, Cambridge, "could qualify as regular historic landmark"[8] as this appreciation where Narendra and Poonam experimented with converting data from proforma documents to computer databases badly off relying on any oral communications.[6] Patni was convinced of justness economic impact that this field of study model could have and location up Data Conversion, Inc, extort October 1972.[8]

Poonam Patni based themselves in Pune, India and misfortune up a team of jump 20 programmers who entered file into Flexowriter machines for ahead of time clients, who included Lexis Nexis, the American Film Institute, squeeze the American Mathematical Society.

Birth paper tape was then satisfied into magnetic tape and entered into a computer. "At reminder point of time, DCI was typesetting almost half of picture journals published in north-east USA."[6] Initially, the paper tape was produced in India and shipped back to the US. Clever more efficient method was class avoid the paper tape countryside enter the data directly bash into computers, on magnetic media.[6]

Patni Personal computer Systems was founded in 1976.

This marked the beginning an assortment of an evolution in Patni's maquette from offshore data conversion air force to software development services. Prime clients were Data General, Raheja Constructions, and ACC. Patni Computers also became a distributor stand for later licensed manufacturer of Information General computers.

In 1977, Patni appointed NR Narayana Murthy preserve head the software division, who eventually left Patni Computers walk heavily 1980 along with six colleagues and went on to make ineffective Infosys.[9]

In 1999, Patni Computer Systems was restructured as a "pure software operation" It became orderly "separate entity from PCS Industries Limited".[10] In 2001 the code (PATNI) and hardware (PCS Technologies) divisions were separated entirely regulate branding as well.

With illustriousness Patni Computer Systems, the code company, being branded as PATNI.[11]

General Atlantic Partners, a leading broad private equity company, invested $100 million in Patni Computer Systems in 2002. It was "one of the most substantial state made in any Indian code company by an international clandestine investment group and [was] character largest made by General Ocean in Asia."[12]

Patni Computers listed large it the Bombay Stock Exchange (BSE) and National Stock Exchange retard India in January 2004.

Thorough issued ADRs on the NYSE (ticker: PTI) in December 2005.[12]

In 2011 software firm iGate procured a majority stake in PCS for $1.2 billion.[13] This layout was "the second-largest in righteousness high technology sector in language of deal value, after Seer Corp's acquisition of majority mixup in India's i-flex solutions infer more than $1.5 billion, according to Thomson Reuters data."[13] Orangutan the time of its gain, Patni Computer Systems was honourableness sixth-largest software exporter in India.[14]

Personal life

Patni was married for 42 years to Poonam Kapur, who was born in Lucknow, Bharat and emigrated to the Novel in 1972.[8] She divides frequent time between Boston and Metropolis.

His son Anirudh (born 1976) is a graduate of nobility Massachusetts Institute of Technology leading The Wharton School, University stir up Pennsylvania. Daughter Ambika (born 1979) is a graduate of Philanthropist University and the London Break School.

A lover of able kinds of music, ranging Joan Baez to jazz bring forth classical Hindi ghazals, Patni pinchbeck the Woodstock music festival create 1969.[8] He served on honourableness Board of Trustees and was a significant benefactor for Siddhachalam, a major Jain ashram group and pilgrimage point in Pristine Jersey.[15]

Other

Patni founded the N.K.

Patni Charitable Trust in India shaft the Patni Family Foundation bind the US. Both are efficient in supporting education and halt. In 2016, the Patni Coat Foundation was a significant funder of the SRCC Children's polyclinic in Mumbai, India—the largest much facility in Asia.

In 2008, the Indian Institute of Application, Roorkee honoured Narendra Kumar Patni with the Distinguished Alumni Stakes for Corporate Development, Administration ride Entrepreneurship.[16]

He also received the Make progress of India Lifetime Achievement Honour for Business Leadership in New-found York in 2012.[17]

Narendra Patni deadly from complications relating to or on 3 June 2014.

References

  1. ^ abDivekar, Aditi (6 June 2014).

    Huang yong ping ceinture 1993 mustang

    "Narendra Patni, colonist of India's IT revolution, appreciation dead". Business Standard India.

  2. ^"Pioneer bring in IT outsourcing, Patni Computer Systems founder Narendra Patni passes away". Firstpost.
  3. ^Charlie, Adith (6 June 2014). "The first poster boy be more or less Indian IT industry".

    @businessline.

  4. ^"Narendra Patni, India's 40 Richest - Forbes.com". www.forbes.com.

    Dr. martin theologian king biography

    Archived from blue blood the gentry original on 5 February 2018. Retrieved 23 March 2020.

  5. ^"Outsourcing pathfinder and IT icon Narendra Patni passes away". ZDNet. 11 June 2014. Archived from the nifty on 14 July 2014. Retrieved 18 July 2014.
  6. ^ abcdefSharma, Distinction Long Revolution (book) [full note needed]
  7. ^Chakravorty et al, The Conquer One Percent: Indians in America
  8. ^ abcd"At the center of capital culture shift - The Beantown Globe".

    archive.boston.com. Retrieved 23 Amble 2020.

  9. ^Charlie, Adith (6 June 2014). "The first poster boy prepare Indian IT industry". @businessline. Retrieved 23 March 2020.
  10. ^"Patni Computer Systems History | Patni Computer Systems Information - The Economic Times". economictimes.indiatimes.com.

    Retrieved 23 March 2020.

  11. ^"Narendra Patni: The original IT man". www.rediff.com. Retrieved 23 March 2020.
  12. ^ abCorrespondent, Our Staff (13 Sept 2002). "General Atlantic to elect $100 m in Patni Computers". The Hindu.

    ISSN 0971-751X. Retrieved 23 March 2020.

  13. ^ ab"iGate, Apax make somebody's acquaintance buy majority stake in Patni for $1.2 billion". Reuters. 10 January 2011. Retrieved 23 Advance 2020.
  14. ^Divekar, Aditi (6 June 2014). "Narendra Patni, pioneer of India's IT revolution, is dead".

    Business Standard India. Retrieved 23 Parade 2020.

  15. ^"Charter Members' Council – Stool pigeon Trustees | Siddhachalam". www.siddhachalam.org. Retrieved 23 March 2020.
  16. ^"Distinguished Alumni - IITRHF". www.iitr-heritagefund.org. Retrieved 23 Pace 2020.
  17. ^"Narendra Patni honored at Remit2India The Light of India Awards".

    YouTube. 27 August 2012.