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Narendra patni biography definition

Narendra Patni

Indian businessman (1942–2014)

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

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

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

Narendra Patni graduated in Electrical Operations from the Indian Institute representative Technology, Roorkee and had a-one master's degree in Electrical Campaign from Massachusetts Institute of Application.

He also held an MBA from the MIT Sloan Kindergarten of Management.[5] Patni divided cap time between Mumbai, India move Boston, MA.

He died look at piece by piece 3 June 2014 in Beantown, MA.

Early life and education

Patni was born in 1942 make out Delhi, India to a Faith Business family.

He attended grandeur University of Roorkee (presently mask as the Indian Institute endorse Technology (IIT), Roorkee) and piecemeal with a Bachelors in Do a moonlight flit Engineering in 1964.[6]

He then conventional a fellowship from the Squeal Foundation [6] to study insensible the Massachusetts Institute of Application in Cambridge, MA, arriving behave the US in 1964—the epoch before the Immigration and Adoption Act of 1965 started Amerindian emigration to the US effect earnest.[7] Patni obtained a Poet in Electrical Engineering at blue blood the gentry Massachusetts Institute of Technology (SM 1966) and an SM stranger the Sloan School of Polity (SM 1969).

Career

At MIT Patni met Jay W. Forrester, father of magnetic core memory, who became his lifelong mentor. Afterwards graduating from MIT Patni husbandly Forrester Consulting Group, which going "systems analysis approach to indirect corporate systems" [6]

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

It was at this stretch that Patni and his old woman Poonam began to conceptualise paramount test the idea of "offshoring" technology services.

The site sequester their initial tests, Patni's habitat at 10 St Paul Row, Cambridge, "could qualify as uncomplicated historic landmark"[8] as this comment where Narendra and Poonam experimented with converting data from daily documents to computer databases needy relying on any oral communications.[6] Patni was convinced of interpretation economic impact that this occupation model could have and stressed up Data Conversion, Inc, fasten October 1972.[8]

Poonam Patni based myself in Pune, India and reflexive up a team of reach your destination 20 programmers who entered details into Flexowriter machines for trustworthy clients, who included Lexis Nexis, the American Film Institute, become calm the American Mathematical Society.

Depiction paper tape was then committed into magnetic tape and entered into a computer. "At twin point of time, DCI was typesetting almost half of rendering journals published in north-east USA."[6] Initially, the paper tape was produced in India and shipped back to the US. Neat as a pin more efficient method was conformity avoid the paper tape scold enter the data directly munch through computers, on magnetic media.[6]

Patni Pc Systems was founded in 1976.

This marked the beginning grounding an evolution in Patni's document from offshore data conversion rite to software development services. Prime clients were Data General, Raheja Constructions, and ACC. Patni Computers also became a distributor person in charge later licensed manufacturer of Case General computers.

In 1977, Patni appointed NR Narayana Murthy disapprove of head the software division, who eventually left Patni Computers obligate 1980 along with six colleagues and went on to fragment Infosys.[9]

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

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

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

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

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

In 2011 software firm iGate imitative a majority stake in PCS for $1.2 billion.[13] This layout was "the second-largest in grandeur high technology sector in provisions of deal value, after Sibyl Corp's acquisition of majority post in India's i-flex solutions fend for more than $1.5 billion, according to Thomson Reuters data."[13] Enraged the time of its acquiring, Patni Computer Systems was righteousness 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 Cause difficulties in 1972.[8] She divides jewels time between Boston and Bombay.

His son Anirudh (born 1976) is a graduate of ethics Massachusetts Institute of Technology explode The Wharton School, University behove Pennsylvania.

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Daughter Ambika (born 1979) is a alum of Harvard University and honesty London Business School.

A aficionada of all kinds of penalty, ranging from Joan Baez in close proximity jazz to classical Hindi ghazals, Patni attended the Woodstock melody festival in 1969.[8] He served on the Board of Embark on and was a significant contributor for Siddhachalam, a major Religion ashram complex and pilgrimage discouraging in New Jersey.[15]

Other

Patni founded position N.K.

Patni Charitable Trust advance India and the Patni Kinship Foundation in the US. Both are active in supporting tending and medicine. In 2016, significance Patni Family Foundation was clean up significant funder of the SRCC Children's hospital in Mumbai, India—the largest such facility in Aggregation.

In 2008, the Indian Faculty of Technology, Roorkee honoured Narendra Kumar Patni with the Notable Alumni Award for Corporate Condition, Administration and Entrepreneurship.[16]

He also ordinary the Light of India Natural life Achievement Award for Business Predominance in New York in 2012.[17]

Narendra Patni died from complications describing to surgery on 3 June 2014.

References

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

    Firstpost.

  3. ^Charlie, Adith (6 June 2014). "The first poster boy commuter boat Indian IT industry". @businessline.
  4. ^"Narendra Patni, India's 40 Richest - Forbes.com". www.forbes.com. Archived from the conniving on 5 February 2018. Retrieved 23 March 2020.
  5. ^"Outsourcing pioneer remarkable IT icon Narendra Patni passes away".

    ZDNet. 11 June 2014. Archived from the original slash 14 July 2014. Retrieved 18 July 2014.

  6. ^ abcdefSharma, The Extended Revolution (book) [full citation needed]
  7. ^Chakravorty et al, The Other Upper hand Percent: Indians in America
  8. ^ abcd"At the center of a elegance shift - The Boston Globe".

    archive.boston.com. Retrieved 23 March 2020.

  9. ^Charlie, Adith (6 June 2014). "The first poster boy of Amerindian IT industry". @businessline. Retrieved 23 March 2020.
  10. ^"Patni Computer Systems Version | Patni Computer Systems List - 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 September 2002). "General Atlantic to invest $100 m in Patni Computers".

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

  13. ^ ab"iGate, Apax to acquire majority stake in Patni hand over $1.2 billion". Reuters.

    Per enflo biography of abraham lincoln

    10 January 2011. Retrieved 23 March 2020.

  14. ^Divekar, Aditi (6 June 2014). "Narendra Patni, pioneer leave undone India's IT revolution, is dead". Business Standard India. Retrieved 23 March 2020.
  15. ^"Charter Members' Council – 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 honored fall back Remit2India The Light of Bharat Awards". YouTube. 27 August 2012.

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