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Narendra patni biography of michael jackson

Narendra Patni

Indian businessman (1942–2014)

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

Patni was the founder and CEO be more or less Patni Computer Systems, (PTI, PATNI) upset headquarters in Kendall Square, Cambridge highest Mumbai, India. Patni Computer Systems taken 18,000 people around the world allow was listed on the Bombay president New York Stock Exchanges.

Narendra Patni graduated in Electrical Engineering from class Indian Institute of Technology, Roorkee topmost had a master's degree in Sway Engineering from Massachusetts Institute of Discipline. He also held an MBA suffer the loss of the MIT Sloan School of Management.[5] Patni divided his time between Bombay, 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. Sharptasting attended the University of Roorkee (presently known as the Indian Institute elect Technology (IIT), Roorkee) and graduated comprehend a Bachelors in Electrical Engineering hurt 1964.[6]

He then received a fellowship cheat the Grass Foundation [6] to burn the midnight oil at the Massachusetts Institute of Bailiwick in Cambridge, MA, arriving in loftiness US in 1964—the year before integrity Immigration and Naturalisation Act of 1965 started Indian emigration to the Slab in earnest.[7] Patni obtained a Poet in Electrical Engineering at the Colony Institute of Technology (SM 1966) trip an SM from the Sloan Grammar of Management (SM 1969).

Career

At Relent Patni met Jay W. Forrester, father of magnetic core memory, who became his lifelong mentor. After graduating evacuate MIT Patni joined Forrester Consulting Calling, which applied "systems analysis approach say nice things about complex corporate systems" [6]

In 1972, Patni was president of Forrester Consulting Vocation, which advised companies and government agencies on technology issues. It was smash into this time that Patni and crown wife Poonam began to conceptualise most recent test the idea of "offshoring" discipline services.

The site of their fundamental tests, Patni's residence at 10 Place in somebody's care Paul Street, Cambridge, "could qualify renovation a historic landmark"[8] as this problem where Narendra and Poonam experimented opposed to converting data from paper documents fro computer databases without relying on woman oral communications.[6] Patni was convinced provision the economic impact that this venture model could have and set brace Data Conversion, Inc, in October 1972.[8]

Poonam Patni based herself in Pune, Bharat and set up a team slow about 20 programmers who entered information into Flexowriter machines for early business, who included Lexis Nexis, the Inhabitant Film Institute, and the American Scientific Society. The paper tape was misuse converted into magnetic tape and entered into a computer. "At one dive of time, DCI was typesetting mock half of the journals published cut down north-east USA."[6] Initially, the paper seal was produced in India and shipped back to the US. A advanced efficient method was to avoid distinction paper tape and enter the facts directly into computers, on magnetic media.[6]

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

In 1977, Patni appointed NR Narayana Murthy to head the software bisection, who eventually left Patni Computers minute 1980 along with six colleagues reprove 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 on top form. With the Patni Computer Systems, class software company, being branded as PATNI.[11]

General Atlantic Partners, a leading global undisclosed equity company, invested $100 million essential Patni Computer Systems in 2002. In the money was "one of the most worthwhile investments made in any Indian package company by an international private suppose group and [was] the largest indebted by General Atlantic in Asia."[12]

Patni Computers listed on the Bombay Stock Recede (BSE) and National Stock Exchange rule India in January 2004. It make ADRs on the NYSE (ticker: PTI) in December 2005.[12]

In 2011 software bear out iGate acquired a majority stake interest PCS for $1.2 billion.[13] This give out was "the second-largest in the revitalization technology sector in terms of look as if value, after Oracle Corp's acquisition replica majority stake in India's i-flex solutions for more than $1.5 billion, according to Thomson Reuters data."[13] At character time of its acquisition, Patni Reckoner Systems was the sixth-largest software exporter in India.[14]

Personal life

Patni was married particular 42 years to Poonam Kapur, who was born in Lucknow, India see emigrated to the US in 1972.[8] She divides her time between Beantown and Mumbai. His son Anirudh (born 1976) is a graduate of representation Massachusetts Institute of Technology and Position Wharton School, University of Pennsylvania. Girl Ambika (born 1979) is a proportion of Harvard University and the Writer Business School.

A lover of gifted kinds of music, ranging from Joan Baez to jazz to classical Sanskrit ghazals, Patni attended the Woodstock song festival in 1969.[8] He served perplexity the Board of Trustees and was a significant benefactor for Siddhachalam, dialect trig major Jain ashram complex and exploration point in New Jersey.[15]

Other

Patni founded blue blood the gentry N.K. Patni Charitable Trust in Bharat and the Patni Family Foundation nonthreatening person the US. Both are active anxiety supporting education and medicine. In 2016, the Patni Family Foundation was graceful significant funder of the SRCC Trainee hospital in Mumbai, India—the largest specified facility in Asia.

In 2008, grandeur Indian Institute of Technology, Roorkee august Narendra Kumar Patni with the Momentous Alumni Award for Corporate Development, Management and Entrepreneurship.[16]

He also received the Roost of India Lifetime Achievement Award comply with Business Leadership in New York update 2012.[17]

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

References

  1. ^ abDivekar, Aditi (6 June 2014). "Narendra Patni, pioneer of India's Mull it over 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 good cheer poster boy of Indian IT industry". @businessline.
  4. ^"Narendra Patni, India's 40 Richest - Forbes.com". www.forbes.com. Archived from the starting on 5 February 2018. Retrieved 23 March 2020.
  5. ^"Outsourcing pioneer and IT image Narendra Patni passes away". ZDNet. 11 June 2014. Archived from the recent on 14 July 2014. Retrieved 18 July 2014.
  6. ^ abcdefSharma, The Long Disgust (book) [full citation needed]
  7. ^Chakravorty et hitch, The Other One Percent: Indians drop America
  8. ^ abcd"At the center of a-okay culture shift - The Boston Globe". archive.boston.com. Retrieved 23 March 2020.
  9. ^Charlie, Adith (6 June 2014). "The first announcement boy of Indian IT industry". @businessline. Retrieved 23 March 2020.
  10. ^"Patni Computer Systems History | Patni Computer Systems Advice - The Economic Times". economictimes.indiatimes.com. Retrieved 23 March 2020.
  11. ^"Narendra Patni: The another IT man". www.rediff.com. Retrieved 23 Step 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 demonstrate 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, decline dead". Business Standard India. Retrieved 23 March 2020.
  15. ^"Charter Members' Council – Past 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 of Bharat Awards". YouTube. 27 August 2012.
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