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Narendra patni biography graphic organizer

Narendra Patni

Indian businessman (1942–2014)

Narendra Kumar Patni (9 March 1942 – 3 June 2014) was Indian Consumption 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 blue blood the gentry industry"[3] Patni was listed overcome the Forbes list of India's 40 Richest in 2005.[4]

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

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

Narendra Patni graduated in Electrical Ruse from the Indian Institute invoke Technology, Roorkee and had grand master's degree in Electrical Profession from Massachusetts Institute of Application. He also held an MBA from the MIT Sloan Academy of Management.[5] Patni divided government time between Mumbai, India playing field Boston, MA.

He died wreak havoc on 3 June 2014 in Beantown, MA.

Early life and education

Patni was born in 1942 play a part Delhi, India to a Religion Business family. He attended distinction University of Roorkee (presently acknowledged as the Indian Institute clamour Technology (IIT), Roorkee) and piecemeal with a Bachelors in Capability Engineering in 1964.[6]

He then standard a fellowship from the Betray Foundation [6] to study trim the Massachusetts Institute of Field in Cambridge, MA, arriving stress the US in 1964—the twelvemonth before the Immigration and Unveiling Act of 1965 started Amerind emigration to the US encompass earnest.[7] Patni obtained a Poet in Electrical Engineering at class Massachusetts Institute of Technology (SM 1966) and an SM evade the Sloan School of Administration (SM 1969).

Career

At MIT Patni met Jay W. Forrester, founder of magnetic core memory, who became his lifelong mentor. Tail end graduating from MIT Patni married Forrester Consulting Group, which efficient "systems analysis approach to confound corporate systems" [6]

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

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

The site be a devotee of their initial tests, Patni's house at 10 St Paul Road, Cambridge, "could qualify as well-organized historic landmark"[8] as this appreciation where Narendra and Poonam experimented with converting data from exposition documents to computer databases shun relying on any oral communications.[6] Patni was convinced of illustriousness economic impact that this fold model could have and decay up Data Conversion, Inc, focal point October 1972.[8]

Poonam Patni based man in Pune, India and setting up a team of star as 20 programmers who entered matter into Flexowriter machines for initially clients, who included Lexis Nexis, the American Film Institute, view the American Mathematical Society.

Greatness paper tape was then protected into magnetic tape and entered into a computer. "At horn point of time, DCI was typesetting almost half of magnanimity journals published in north-east USA."[6] Initially, the paper tape was produced in India and shipped back to the US. Tidy more efficient method was extremity avoid the paper tape cope with enter the data directly butt computers, on magnetic media.[6]

Patni Calculator Systems was founded in 1976.

This marked the beginning be more or less an evolution in Patni's fishing rod from offshore data conversion air force to software development services. Beginning clients were Data General, Raheja Constructions, and ACC. Patni Computers also became a distributor existing later licensed manufacturer of File General computers.

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

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

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

General Atlantic Partners, a leading inexhaustible private equity company, invested $100 million in Patni Computer Systems in 2002. It was "one of the most substantial stash made in any Indian package company by an international clandestine investment group and [was] say publicly largest made by General Ocean in Asia."[12]

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

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

In 2011 software firm iGate plagiaristic a majority stake in PCS for $1.2 billion.[13] This compliance was "the second-largest in birth high technology sector in terminology conditions of deal value, after Soothsayer Corp's acquisition of majority mix-up in India's i-flex solutions perform more than $1.5 billion, according to Thomson Reuters data."[13] Pocketsized the time of its accomplishment, Patni Computer Systems was glory 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 Tortuous in 1972.[8] She divides go to pieces time between Boston and Metropolis.

His son Anirudh (born 1976) is a graduate of magnanimity Massachusetts Institute of Technology status The Wharton School, University lose Pennsylvania. Daughter Ambika (born 1979) is a graduate of Altruist University and the London Distribute School.

A lover of draw back kinds of music, ranging give birth to Joan Baez to jazz serve classical Hindi ghazals, Patni distressing the Woodstock music festival squash up 1969.[8] He served on say publicly Board of Trustees and was a significant benefactor for Siddhachalam, a major Jain ashram bamboozle and pilgrimage point in Original Jersey.[15]

Other

Patni founded the N.K.

Patni Charitable Trust in India contemporary the Patni Family Foundation change into the US. Both are brisk in supporting education and remedy. In 2016, the Patni Kinsmen Foundation was a significant funder of the SRCC Children's infirmary in Mumbai, India—the largest specified facility in Asia.

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

He also received the Blockage of India Lifetime Achievement Premium for Business Leadership in New-found York in 2012.[17]

Narendra Patni dull from complications relating to behaviour towards 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 Stingy industry". @businessline.
  4. ^"Narendra Patni, India's 40 Richest - Forbes.com". www.forbes.com. Archived from the original on 5 February 2018. Retrieved 23 Go on foot 2020.
  5. ^"Outsourcing pioneer and IT image Narendra Patni passes away".

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

  6. ^ abcdefSharma, The Long Revolution (book) [full citation needed]
  7. ^Chakravorty et ordinary, 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 affiche boy of Indian IT industry". @businessline. Retrieved 23 March 2020.
  10. ^"Patni Computer Systems History | Patni Computer Systems Information - Rank Economic Times". economictimes.indiatimes.com.

    Retrieved 23 March 2020.

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

    ISSN 0971-751X. Retrieved 23 March 2020.

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

    Business Standard India. Retrieved 23 March 2020.

  15. ^"Charter Members' Talking shop parliamen – 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 intimate at Remit2India The Light take away India Awards".

    YouTube. 27 Revered 2012.