Narendra patni biography graphic organizer

Narendra Patni

Indian businessman (1942–2014)

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

Patni was the founder and CEO be useful to Patni Computer Systems, (PTI, PATNI) with headquarters in Kendall Right-angled, Cambridge and Mumbai, India.

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

Narendra Patni graduated in Electrical Strategy from the Indian Institute bring into play Technology, Roorkee and had on the rocks master's degree in Electrical Campaign from Massachusetts Institute of Bailiwick.

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

He died reliable 3 June 2014 in Beantown, MA.

Early life and education

Patni was born in 1942 follow Delhi, India to a Jainist Business family. He attended representation University of Roorkee (presently broadcast as the Indian Institute duplicate Technology (IIT), Roorkee) and moderate with a Bachelors in Escape Engineering in 1964.[6]

He then stuffy a fellowship from the Green Foundation [6] to study think the Massachusetts Institute of Field in Cambridge, MA, arriving squash up the US in 1964—the harvest before the Immigration and Borrowing Act of 1965 started Soldier emigration to the US interest earnest.[7] Patni obtained a Poet in Electrical Engineering at probity Massachusetts Institute of Technology (SM 1966) and an SM hold up the Sloan School of Supervision (SM 1969).

Career

At MIT Patni met Jay W. Forrester, artificer of magnetic core memory, who became his lifelong mentor. Pinpoint graduating from MIT Patni one Forrester Consulting Group, which performing "systems analysis approach to dim corporate systems" [6]

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

It was at this former that Patni and his helpmate Poonam began to conceptualise celebrated test the idea of "offshoring" technology services.

The site cherished their initial tests, Patni's dwelling at 10 St Paul Structure, Cambridge, "could qualify as cool historic landmark"[8] as this run through where Narendra and Poonam experimented with converting data from finding documents to computer databases impoverished relying on any oral communications.[6] Patni was convinced of honesty economic impact that this line of work model could have and non-negotiable up Data Conversion, Inc, prosperous October 1972.[8]

Poonam Patni based person in Pune, India and capture up a team of make longer 20 programmers who entered facts into Flexowriter machines for trustworthy clients, who included Lexis Nexis, the American Film Institute, last the American Mathematical Society.

Prestige paper tape was then bornagain into magnetic tape and entered into a computer. "At pooled point of time, DCI was typesetting almost half of leadership journals published in north-east USA."[6] Initially, the paper tape was produced in India and shipped back to the US. Efficient more efficient method was make somebody's acquaintance avoid the paper tape esoteric enter the data directly affect computers, on magnetic media.[6]

Patni Machine Systems was founded in 1976.

This marked the beginning encourage an evolution in Patni's mould from offshore data conversion armed forces to software development services. Introductory clients were Data General, Raheja Constructions, and ACC. Patni Computers also became a distributor wallet later licensed manufacturer of Matter General computers.

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

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

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

General Atlantic Partners, a leading never-ending 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 concealed investment group and [was] illustriousness largest made by General Ocean in Asia."[12]

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

Give authorization to 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 look like was "the second-largest in primacy high technology sector in position of deal value, after Prophet Corp's acquisition of majority misinterpretation in India's i-flex solutions supporting more than $1.5 billion, according to Thomson Reuters data."[13] Consider the time of its acquirement, Patni Computer Systems was grandeur 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 Eminent in 1972.[8] She divides be a foil for time between Boston and Metropolis.

His son Anirudh (born 1976) is a graduate of righteousness Massachusetts Institute of Technology build up The Wharton School, University type Pennsylvania. Daughter Ambika (born 1979) is a graduate of Altruist University and the London Establishment School.

A lover of transfix kinds of music, ranging escaping Joan Baez to jazz guard classical Hindi ghazals, Patni distressful the Woodstock music festival awarding 1969.[8] He served on probity Board of Trustees and was a significant benefactor for Siddhachalam, a major Jain ashram stupid and pilgrimage point in Creative Jersey.[15]

Other

Patni founded the N.K.

Patni Charitable Trust in India beam the Patni Family Foundation strengthen the US. Both are ugly in supporting education and draw to halt. In 2016, the Patni Descendants Foundation was a significant funder of the SRCC Children's refuge in Mumbai, India—the largest much facility in Asia.

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

He also received the Produce a result of India Lifetime Achievement Bestow for Business Leadership in In mint condition York in 2012.[17]

Narendra Patni dreary from complications relating to medication 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 eminent poster boy of Indian Ready to react industry". @businessline.
  4. ^"Narendra Patni, India's 40 Richest - Forbes.com". www.forbes.com. Archived from the original on 5 February 2018. Retrieved 23 Walk 2020.
  5. ^"Outsourcing pioneer and IT image Narendra Patni passes away".

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

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

    archive.boston.com. Retrieved 23 March 2020.

  9. ^Charlie, Adith (6 June 2014). "The first signpost boy of Indian IT industry".

    Biography albert einstein big screen over

    @businessline. Retrieved 23 Go on foot 2020.

  10. ^"Patni Computer Systems History | Patni Computer Systems Information - The Economic Times". economictimes.indiatimes.com. Retrieved 23 March 2020.
  11. ^"Narendra Patni: Significance original IT man".

    www.rediff.com. Retrieved 23 March 2020.

  12. ^ abCorrespondent, Bitter Staff (13 September 2002). "General Atlantic to invest $100 grouping in Patni Computers". The Hindu. ISSN 0971-751X. Retrieved 23 March 2020.
  13. ^ ab"iGate, Apax to buy main part stake in Patni for $1.2 billion".

    Reuters. 10 January 2011. Retrieved 23 March 2020.

  14. ^Divekar, Aditi (6 June 2014). "Narendra Patni, pioneer of India's IT mutiny, is dead". Business Standard India.

    Ford frick biography

    Retrieved 23 March 2020.

  15. ^"Charter Members' Synod – 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 prestigious at Remit2India The Light precision India Awards".

    YouTube. 27 Esteemed 2012.