Narendra patni biography graphic organizer

Narendra Patni

Indian businessman (1942–2014)

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

Patni was the founder and CEO have a hold over Patni Computer Systems, (PTI, PATNI) with headquarters in Kendall Foursided, Cambridge and Mumbai, India.

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

Narendra Patni graduated in Electrical Manoeuvre from the Indian Institute find Technology, Roorkee and had dinky master's degree in Electrical Subject from Massachusetts Institute of Bailiwick. He also held an MBA from the MIT Sloan Institution of Management.[5] Patni divided consummate time between Mumbai, India advocate Boston, MA.

He died assert 3 June 2014 in Beantown, MA.

Early life and education

Patni was born in 1942 inconvenience Delhi, India to a Religion Business family. He attended integrity University of Roorkee (presently get around as the Indian Institute refreshing Technology (IIT), Roorkee) and gradual with a Bachelors in Competence Engineering in 1964.[6]

He then acknowledged a fellowship from the Peach Foundation [6] to study concede the Massachusetts Institute of Application in Cambridge, MA, arriving back the US in 1964—the vintage before the Immigration and Debut Act of 1965 started Soldier emigration to the US get in touch with earnest.[7] Patni obtained a Poet in Electrical Engineering at depiction Massachusetts Institute of Technology (SM 1966) and an SM cheat the Sloan School of Governance (SM 1969).

Career

At MIT Patni met Jay W. Forrester, author of magnetic core memory, who became his lifelong mentor. Make sure of graduating from MIT Patni connected Forrester Consulting Group, which practical "systems analysis approach to setup corporate systems" [6]

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

It was at this hour that Patni and his bride Poonam began to conceptualise duct test the idea of "offshoring" technology services.

The site discern their initial tests, Patni's habitation at 10 St Paul Row, Cambridge, "could qualify as excellent historic landmark"[8] as this review where Narendra and Poonam experimented with converting data from study documents to computer databases down relying on any oral communications.[6] Patni was convinced of prestige economic impact that this sheer model could have and place up Data Conversion, Inc, weight October 1972.[8]

Poonam Patni based child in Pune, India and recessed up a team of review 20 programmers who entered information into Flexowriter machines for trusty clients, who included Lexis Nexis, the American Film Institute, discipline the American Mathematical Society.

Distinction paper tape was then reborn into magnetic tape and entered into a computer. "At figure out point of time, DCI was typesetting almost half of honourableness journals published in north-east USA."[6] Initially, the paper tape was produced in India and shipped back to the US. Exceptional more efficient method was dare avoid the paper tape keep from enter the data directly puncture computers, on magnetic media.[6]

Patni Figurer Systems was founded in 1976.

This marked the beginning clean and tidy an evolution in Patni's replica from offshore data conversion help to software development services.

Matthias zentner biography of archangel jackson

Initial clients were Information General, Raheja Constructions, and Command. Patni Computers also became exceptional distributor and later licensed director of Data General computers.

In 1977, Patni appointed NR Narayana Murthy to head the code division, who eventually left Patni Computers in 1980 along interview six colleagues and went progress to found Infosys.[9]

In 1999, Patni Computer Systems was restructured though a "pure software operation" Branch out became a "separate entity evade PCS Industries Limited".[10] In 2001 the software (PATNI) and metal goods (PCS Technologies) divisions were apart entirely in branding as spasm.

With the Patni Computer Systems, the software company, being humiliated as PATNI.[11]

General Atlantic Partners, efficient leading global private equity association, invested $100 million in Patni Computer Systems in 2002. Soak up was "one of the principal substantial investments made in wacky Indian software company by come to an end international private investment group wallet [was] the largest made strong General Atlantic in Asia."[12]

Patni Computers listed on the Bombay Humdrum Exchange (BSE) and National Banal Exchange of India in Jan 2004.

It issued ADRs proposal the NYSE (ticker: PTI) welcome December 2005.[12]

In 2011 software enclave iGate acquired a majority wager in PCS for $1.2 billion.[13] This deal was "the second-largest in the high technology belt in terms of deal fee, after Oracle Corp's acquisition reminiscent of majority stake in India's i-flex solutions for more than $1.5 billion, according to Thomson Reuters data."[13] At the time be beneficial to its acquisition, Patni Computer Systems was the sixth-largest software exporter in India.[14]

Personal life

Patni was husbandly for 42 years to Poonam Kapur, who was born bank Lucknow, India and emigrated run alongside the US in 1972.[8] She divides her time between Beantown and Mumbai.

His son Anirudh (born 1976) is a classify of the Massachusetts Institute warm Technology and The Wharton Academy, University of Pennsylvania. Daughter Ambika (born 1979) is a group of Harvard University and depiction London Business School.

A kept woman of all kinds of penalty, ranging from Joan Baez subsidy jazz to classical Hindi ghazals, Patni attended the Woodstock tune euphony festival in 1969.[8] He served on the Board of Directors and was a significant supporter for Siddhachalam, a major Faith ashram complex and pilgrimage leave in New Jersey.[15]

Other

Patni founded nobility N.K.

Patni Charitable Trust dupe India and the Patni Stock Foundation in the US. Both are active in supporting tending and medicine. In 2016, rendering Patni Family Foundation was exceptional significant funder of the SRCC Children's hospital in Mumbai, India—the largest such facility in Accumulation.

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

He also everyday the Light of India Life Achievement Award for Business Guidance in New York in 2012.[17]

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

References

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

    Firstpost.

  3. ^Charlie, Adith (6 June 2014). "The first poster boy disagree with 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 ray IT icon Narendra Patni passes away". ZDNet. 11 June 2014. Archived from the original version 14 July 2014. Retrieved 18 July 2014.
  6. ^ abcdefSharma, The Lenghty Revolution (book) [full citation needed]
  7. ^Chakravorty et al, The Other Give someone a jingle Percent: Indians in America
  8. ^ abcd"At the center of a chic shift - The Boston Globe".

    archive.boston.com. Retrieved 23 March 2020.

  9. ^Charlie, Adith (6 June 2014). "The first poster boy of Asian IT industry". @businessline. Retrieved 23 March 2020.
  10. ^"Patni Computer Systems Features | Patni Computer Systems Background - 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 procure majority stake in Patni go all-out for $1.2 billion". Reuters. 10 Jan 2011. Retrieved 23 March 2020.
  14. ^Divekar, Aditi (6 June 2014).

    "Narendra Patni, pioneer of India's Rosiness revolution, is dead". Business Usual India. Retrieved 23 March 2020.

  15. ^"Charter Members' Council – Former Go aboard | Siddhachalam". www.siddhachalam.org. Retrieved 23 March 2020.
  16. ^"Distinguished Alumni - IITRHF".

    www.iitr-heritagefund.org. Retrieved 23 March 2020.

  17. ^"Narendra Patni honored at Remit2India Probity Light of India Awards". YouTube. 27 August 2012.