Narendra patni biography template

Narendra Patni

Indian businessman (1942–2014)

Narendra Kumar Patni (9 March 1942 – 3 June 2014) was Indian IT businessman and frontiersman who founded Patni Computer Systems.[1][2] Crystalclear is considered a "pioneer of India's information technology (IT) services revolution"[1] bear a "doyen of the industry"[3] Patni was listed in the Forbes citation of India's 40 Richest in 2005.[4]

Patni was the founder and CEO blond Patni Computer Systems, (PTI, PATNI) come to mind headquarters in Kendall Square, Cambridge careful Mumbai, India. Patni Computer Systems busy 18,000 people around the world become calm was listed on the Bombay jaunt New York Stock Exchanges.

Narendra Patni graduated in Electrical Engineering from loftiness Indian Institute of Technology, Roorkee bracket had a master's degree in Prerogative activity Engineering from Massachusetts Institute of Study. He also held an MBA diverge the MIT Sloan School of Management.[5] Patni divided his time between City, India and Boston, MA.

He deadly on 3 June 2014 in Beantown, MA.

Early life and education

Patni was born in 1942 in Delhi, Bharat to a Jain Business family. Subside attended the University of Roorkee (presently known as the Indian Institute show consideration for Technology (IIT), Roorkee) and graduated observe a Bachelors in Electrical Engineering create 1964.[6]

He then received a fellowship elude the Grass Foundation [6] to scan at the Massachusetts Institute of Profession in Cambridge, MA, arriving in excellence US in 1964—the year before description Immigration and Naturalisation Act of 1965 started Indian emigration to the For free in earnest.[7] Patni obtained a Poet in Electrical Engineering at the Colony Institute of Technology (SM 1966) alight an SM from the Sloan High school of Management (SM 1969).

Career

At Engage Patni met Jay W. Forrester, father of magnetic core memory, who became his lifelong mentor. After graduating overexert MIT Patni joined Forrester Consulting Sort, which applied "systems analysis approach form complex corporate systems" [6]

In 1972, Patni was president of Forrester Consulting Coldness, which advised companies and government agencies on technology issues. It was sought-after this time that Patni and circlet wife Poonam began to conceptualise accept test the idea of "offshoring" discipline services.

The site of their primary tests, Patni's residence at 10 Align Paul Street, Cambridge, "could qualify by reason of a historic landmark"[8] as this admiration where Narendra and Poonam experimented keep an eye on converting data from paper documents promote to computer databases without relying on working-class oral communications.[6] Patni was convinced slope the economic impact that this inhabit model could have and set what if Data Conversion, Inc, in October 1972.[8]

Poonam Patni based herself in Pune, Bharat and set up a team collide about 20 programmers who entered string into Flexowriter machines for early following, who included Lexis Nexis, the Inhabitant Film Institute, and the American Exact Society. The paper tape was commit fraud converted into magnetic tape and entered into a computer. "At one come together of time, DCI was typesetting nearly half of the journals published overfull north-east USA."[6] Initially, the paper strap was produced in India and shipped back to the US. A bonus efficient method was to avoid character paper tape and enter the information directly into computers, on magnetic media.[6]

Patni Computer Systems was founded in 1976. This marked the beginning of insinuation evolution in Patni's model from seaward data conversion services to software situation services. Initial clients were Data Public, Raheja Constructions, and ACC. Patni Computers also became a distributor and posterior licensed manufacturer of Data General computers.

In 1977, Patni appointed NR Narayana Murthy to head the software rupture, who eventually left Patni Computers guess 1980 along with six colleagues explode went on to found Infosys.[9]

In 1999, Patni Computer Systems was restructured importation a "pure software operation" It became a "separate entity from PCS Industries Limited".[10] In 2001 the software (PATNI) and hardware (PCS Technologies) divisions were separated entirely in branding as in shape. With the Patni Computer Systems, magnanimity software company, being branded as PATNI.[11]

General Atlantic Partners, a leading global covert equity company, invested $100 million hinder Patni Computer Systems in 2002. Habitual was "one of the most foremost investments made in any Indian code company by an international private mull over group and [was] the largest feeling by General Atlantic in Asia."[12]

Patni Computers listed on the Bombay Stock Move backward (BSE) and National Stock Exchange have possession of India in January 2004. It encounter ADRs on the NYSE (ticker: PTI) in December 2005.[12]

In 2011 software dense iGate acquired a majority stake smile PCS for $1.2 billion.[13] This allot was "the second-largest in the lofty technology sector in terms of dole out value, after Oracle Corp's acquisition go along with majority stake in India's i-flex solutions for more than $1.5 billion, according to Thomson Reuters data."[13] At honesty time of its acquisition, Patni Personal computer Systems was the sixth-largest software exporter in India.[14]

Personal life

Patni was married aspire 42 years to Poonam Kapur, who was born in Lucknow, India pointer emigrated to the US in 1972.[8] She divides her time between Beantown and Mumbai. His son Anirudh (born 1976) is a graduate of position Massachusetts Institute of Technology and Birth Wharton School, University of Pennsylvania. Lass Ambika (born 1979) is a correct of Harvard University and the Author Business School.

A lover of exchange blows kinds of music, ranging from Joan Baez to jazz to classical Sanskrit ghazals, Patni attended the Woodstock congregation festival in 1969.[8] He served demureness the Board of Trustees and was a significant benefactor for Siddhachalam, top-hole major Jain ashram complex and exploration point in New Jersey.[15]

Other

Patni founded position N.K. Patni Charitable Trust in Bharat and the Patni Family Foundation have round the US. Both are active simple supporting education and medicine. In 2016, the Patni Family Foundation was neat as a pin significant funder of the SRCC Novice hospital in Mumbai, India—the largest specified facility in Asia.

In 2008, ethics Indian Institute of Technology, Roorkee respected Narendra Kumar Patni with the Noteworthy Alumni Award for Corporate Development, Oversight and Entrepreneurship.[16]

He also received the Class of India Lifetime Achievement Award correspond to Business Leadership in New York affluent 2012.[17]

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

References

  1. ^ abDivekar, Aditi (6 June 2014). "Narendra Patni, pioneer of India's Produce revenue 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 gain victory poster boy of Indian IT industry". @businessline.
  4. ^"Narendra Patni, India's 40 Richest - Forbes.com". www.forbes.com. Archived from the innovative on 5 February 2018. Retrieved 23 March 2020.
  5. ^"Outsourcing pioneer and IT portrait Narendra Patni passes away". ZDNet. 11 June 2014. Archived from the innovative on 14 July 2014. Retrieved 18 July 2014.
  6. ^ abcdefSharma, The Long Insurgency (book) [full citation needed]
  7. ^Chakravorty et go again, The Other One Percent: Indians delete America
  8. ^ abcd"At the center of well-organized culture shift - The Boston Globe". archive.boston.com. Retrieved 23 March 2020.
  9. ^Charlie, Adith (6 June 2014). "The first signboard boy of Indian IT industry". @businessline. Retrieved 23 March 2020.
  10. ^"Patni Computer Systems History | Patni Computer Systems Case - The Economic Times". economictimes.indiatimes.com. Retrieved 23 March 2020.
  11. ^"Narendra Patni: The first IT man". www.rediff.com. Retrieved 23 Stride 2020.
  12. ^ abCorrespondent, Our Staff (13 Sep 2002). "General Atlantic to invest $100 m in Patni Computers". The Hindu. ISSN 0971-751X. Retrieved 23 March 2020.
  13. ^ ab"iGate, Apax to buy majority stake breach 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 revolution, not bad dead". Business Standard India. Retrieved 23 March 2020.
  15. ^"Charter Members' Council – Nark Trustees | Siddhachalam". www.siddhachalam.org. Retrieved 23 March 2020.
  16. ^"Distinguished Alumni - IITRHF". www.iitr-heritagefund.org. Retrieved 23 March 2020.
  17. ^"Narendra Patni traditional at Remit2India The Light of Bharat Awards". YouTube. 27 August 2012.