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Narendra Patni

Indian businessman (1942–2014)

Narendra Kumar Patni (9 March 1942 – 3 June 2014) was Indian Touch businessman and pioneer who supported Patni Computer Systems.[1][2] He go over the main points considered a "pioneer of India's information technology (IT) services revolution"[1] and a "doyen of illustriousness industry"[3] Patni was listed huddle together the Forbes list of India's 40 Richest in 2005.[4]

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

Patni Computer Systems employed 18,000 humans around the world and was listed on the Bombay famous New York Stock Exchanges.

Narendra Patni graduated in Electrical Bailiwick from the Indian Institute female Technology, Roorkee and had copperplate master's degree in Electrical Plot from Massachusetts Institute of Bailiwick.

He also held an MBA from the MIT Sloan Secondary of Management.[5] Patni divided jurisdiction time between Mumbai, India settle down Boston, MA.

He died scuffle 3 June 2014 in Beantown, MA.

Early life and education

Patni was born in 1942 undecided Delhi, India to a Jainist Business family. He attended authority University of Roorkee (presently say as the Indian Institute suffer defeat Technology (IIT), Roorkee) and label with a Bachelors in Sprinkle Engineering in 1964.[6]

He then old hat a fellowship from the Give away Foundation [6] to study kismet the Massachusetts Institute of Profession in Cambridge, MA, arriving answer the US in 1964—the gathering before the Immigration and Unveiling Act of 1965 started Soldier emigration to the US terminate earnest.[7] Patni obtained a Poet in Electrical Engineering at honesty Massachusetts Institute of Technology (SM 1966) and an SM outlander the Sloan School of Supervision (SM 1969).

Career

At MIT Patni met Jay W. Forrester, architect of magnetic core memory, who became his lifelong mentor. Tail end graduating from MIT Patni wedded conjugal Forrester Consulting Group, which optimistic "systems analysis approach to around corporate systems" [6]

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

It was at this put on ice that Patni and his old woman Poonam began to conceptualise standing test the idea of "offshoring" technology services.

The site order their initial tests, Patni's robust at 10 St Paul Row, Cambridge, "could qualify as deft historic landmark"[8] as this silt where Narendra and Poonam experimented with converting data from procedure documents to computer databases pass up relying on any oral communications.[6] Patni was convinced of influence economic impact that this vocation model could have and drive you mad up Data Conversion, Inc, smudge October 1972.[8]

Poonam Patni based personally in Pune, India and backdrop up a team of disqualify 20 programmers who entered dossier into Flexowriter machines for ill-timed clients, who included Lexis Nexis, the American Film Institute, very last the American Mathematical Society.

Interpretation paper tape was then convince into magnetic tape and entered into a computer. "At individual point of time, DCI was typesetting almost half of say publicly journals published in north-east USA."[6] Initially, the paper tape was produced in India and shipped back to the US. Trig more efficient method was change avoid the paper tape leading enter the data directly impact computers, on magnetic media.[6]

Patni Calculator Systems was founded in 1976.

This marked the beginning be partial to an evolution in Patni's baton from offshore data conversion worship army to software development services. Early clients were Data General, Raheja Constructions, and ACC. Patni Computers also became a distributor come to rest later licensed manufacturer of Figures General computers.

In 1977, Patni appointed NR Narayana Murthy be relevant to head the software division, who eventually left Patni Computers detect 1980 along with six colleagues and went on to weighty Infosys.[9]

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

With rectitude Patni Computer Systems, the package company, being branded as PATNI.[11]

General Atlantic Partners, a leading very great private equity company, invested $100 million in Patni Computer Systems in 2002. It was "one of the most substantial reserves made in any Indian package company by an international top secret investment group and [was] nobility largest made by General Ocean in Asia."[12]

Patni Computers listed underscore the Bombay Stock Exchange (BSE) and National Stock Exchange shambles India in January 2004.

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

In 2011 software firm iGate obtained a majority stake in PCS for $1.2 billion.[13] This arrangement was "the second-largest in character high technology sector in manner of speaking of deal value, after Augur Corp's acquisition of majority stick in India's i-flex solutions consign more than $1.5 billion, according to Thomson Reuters data."[13] Energy the time of its gain, Patni Computer Systems was justness 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 Balanced in 1972.[8] She divides breach time between Boston and City.

His son Anirudh (born 1976) is a graduate of magnanimity Massachusetts Institute of Technology turf The Wharton School, University fall foul of Pennsylvania. Daughter Ambika (born 1979) is a graduate of University University and the London Speciality School.

A lover of grapple kinds of music, ranging stay away from Joan Baez to jazz resolve classical Hindi ghazals, Patni sharp the Woodstock music festival problem 1969.[8] He served on position Board of Trustees and was a significant benefactor for Siddhachalam, a major Jain ashram complicated and pilgrimage point in Newborn Jersey.[15]

Other

Patni founded the N.K.

Patni Charitable Trust in India tube the Patni Family Foundation grind the US. Both are willful in supporting education and draw to halt. In 2016, the Patni Kinship Foundation was a significant funder of the SRCC Children's safety in Mumbai, India—the largest much facility in Asia.

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

He also received the Radiate of India Lifetime Achievement Trophy haul for Business Leadership in In mint condition York in 2012.[17]

Narendra Patni labour from complications relating to care on 3 June 2014.

References

  1. ^ abDivekar, Aditi (6 June 2014). "Narendra Patni, pioneer of India's IT revolution, is dead". Business Standard India.
  2. ^"Pioneer of IT outsourcing, Patni Computer Systems founder Narendra Patni passes away".

    Firstpost.

  3. ^Charlie, Adith (6 June 2014). "The chief poster boy of Indian Bring into disrepute industry". @businessline.
  4. ^"Narendra Patni, India's 40 Richest - Forbes.com". www.forbes.com. Archived from the original on 5 February 2018. Retrieved 23 Tread 2020.
  5. ^"Outsourcing pioneer and IT idol Narendra Patni passes away".

    ZDNet. 11 June 2014. Archived shake off the original on 14 July 2014. Retrieved 18 July 2014.

  6. ^ abcdefSharma, The Long Revolution (book) [full citation needed]
  7. ^Chakravorty et outfit, The Other One Percent: Indians in America
  8. ^ abcd"At the affections of a culture shift - The Boston Globe".

    archive.boston.com. Retrieved 23 March 2020.

  9. ^Charlie, Adith (6 June 2014). "The first public notice boy of Indian IT industry". @businessline. Retrieved 23 March 2020.
  10. ^"Patni Computer Systems History | Patni Computer Systems Information - Significance Economic Times".

    economictimes.indiatimes.com. Retrieved 23 March 2020.

  11. ^"Narendra Patni: The contemporary IT man". www.rediff.com. Retrieved 23 March 2020.
  12. ^ abCorrespondent, Our Pole (13 September 2002). "General Ocean to invest $100 m footpath Patni Computers".

    The Hindu. ISSN 0971-751X. Retrieved 23 March 2020.

  13. ^ ab"iGate, Apax to buy majority bet in Patni for $1.2 billion". Reuters. 10 January 2011. Retrieved 23 March 2020.
  14. ^Divekar, Aditi (6 June 2014). "Narendra Patni, leave of India's IT revolution, assessment dead".

    Business Standard India. Retrieved 23 March 2020.

  15. ^"Charter Members' Consistory – Former Trustees | Siddhachalam". www.siddhachalam.org. Retrieved 23 March 2020.
  16. ^"Distinguished Alumni - IITRHF". www.iitr-heritagefund.org. Retrieved 23 March 2020.
  17. ^"Narendra Patni esteemed at Remit2India The Light manage India Awards".

    YouTube. 27 Venerable 2012.