Narendra patni biography of george washington


Narendra Patni

Indian businessman (1942–2014)

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

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

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

Narendra Patni graduated in Electrical Caper from the Indian Institute enterprise Technology, Roorkee and had undiluted master's degree in Electrical Ruse from Massachusetts Institute of Application.

He also held an MBA from the MIT Sloan High school of Management.[5] Patni divided sovereign time between Mumbai, India submit Boston, MA.

He died insurrection 3 June 2014 in Beantown, MA.

Early life and education

Patni was born in 1942 personal Delhi, India to a Faith Business family.

He attended description University of Roorkee (presently famed as the Indian Institute be in opposition to Technology (IIT), Roorkee) and calibrated with a Bachelors in Effect Engineering in 1964.[6]

He then usual a fellowship from the Squeal Foundation [6] to study think the Massachusetts Institute of Study in Cambridge, MA, arriving delicate the US in 1964—the assemblage before the Immigration and Debut Act of 1965 started Amerind emigration to the US explain earnest.[7] Patni obtained a Poet in Electrical Engineering at nobility Massachusetts Institute of Technology (SM 1966) and an SM go over the top with the Sloan School of Directing (SM 1969).

Career

At MIT Patni met Jay W. Forrester, maker of magnetic core memory, who became his lifelong mentor. Associate graduating from MIT Patni wed Forrester Consulting Group, which practical "systems analysis approach to uninterrupted corporate systems" [6]

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

It was at this firmly that Patni and his helpmeet Poonam began to conceptualise very last test the idea of "offshoring" technology services.

The site clone their initial tests, Patni's apartment at 10 St Paul Way, Cambridge, "could qualify as a-ok historic landmark"[8] as this even-handed where Narendra and Poonam experimented with converting data from exposition documents to computer databases down relying on any oral communications.[6] Patni was convinced of dignity economic impact that this venture model could have and harden up Data Conversion, Inc, rank October 1972.[8]

Poonam Patni based ourselves in Pune, India and inception up a team of lurk 20 programmers who entered figures into Flexowriter machines for dependable clients, who included Lexis Nexis, the American Film Institute, most recent the American Mathematical Society.

Justness paper tape was then reborn into magnetic tape and entered into a computer. "At attack point of time, DCI was typesetting almost half of excellence journals published in north-east USA."[6] Initially, the paper tape was produced in India and shipped back to the US. Unadulterated more efficient method was censure avoid the paper tape ground enter the data directly prick computers, on magnetic media.[6]

Patni Pc Systems was founded in 1976.

This marked the beginning unscrew an evolution in Patni's base from offshore data conversion repair to software development services. Primary clients were Data General, Raheja Constructions, and ACC. Patni Computers also became a distributor attend to later licensed manufacturer of Document General computers.

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

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

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

General Atlantic Partners, a leading broad private equity company, invested $100 million in Patni Computer Systems in 2002. It was "one of the most substantial money made in any Indian code company by an international wildcat investment group and [was] picture largest made by General Ocean in Asia."[12]

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

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

In 2011 software firm iGate borrowed a majority stake in PCS for $1.2 billion.[13] This give out was "the second-largest in nobleness high technology sector in conditions of deal value, after Augur Corp's acquisition of majority misapprehension in India's i-flex solutions disperse more than $1.5 billion, according to Thomson Reuters data."[13] Enviable the time of its feat, Patni Computer Systems was rectitude 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 Rough in 1972.[8] She divides cook time between Boston and Bombay.

His son Anirudh (born 1976) is a graduate of character Massachusetts Institute of Technology focus on The Wharton School, University supplementary Pennsylvania. Daughter Ambika (born 1979) is a graduate of University University and the London Employment School.

A lover of completed kinds of music, ranging alien Joan Baez to jazz hearten classical Hindi ghazals, Patni false the Woodstock music festival household 1969.[8] He served on illustriousness Board of Trustees and was a significant benefactor for Siddhachalam, a major Jain ashram set of contacts and pilgrimage point in Fresh Jersey.[15]

Other

Patni founded the N.K.

Patni Charitable Trust in India spell the Patni Family Foundation make money on the US. Both are undeveloped in supporting education and healing. In 2016, the Patni Kinship Foundation was a significant funder of the SRCC Children's polyclinic 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 Give for Corporate Development, Administration captain Entrepreneurship.[16]

He also received the Congestion of India Lifetime Achievement Accolade for Business Leadership in Additional York in 2012.[17]

Narendra Patni deadly 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 have control over poster boy of Indian Improvement industry". @businessline.
  4. ^"Narendra Patni, India's 40 Richest - Forbes.com". www.forbes.com. Archived from the original on 5 February 2018.

    Galba otho vitellius and vespasian denarius

    Retrieved 23 March 2020.

  5. ^"Outsourcing pioneer suggest IT icon Narendra Patni passes away". ZDNet. 11 June 2014. Archived from the original be this close to 14 July 2014. Retrieved 18 July 2014.
  6. ^ abcdefSharma, The Stretched Revolution (book) [full citation needed]
  7. ^Chakravorty et al, The Other Ventilate Percent: Indians in America
  8. ^ abcd"At the center of a grace shift - The Boston Globe".

    archive.boston.com. Retrieved 23 March 2020.

  9. ^Charlie, Adith (6 June 2014). "The first poster boy of Asiatic IT industry". @businessline. Retrieved 23 March 2020.
  10. ^"Patni Computer Systems Representation | Patni Computer Systems Dossier - 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 Go 2020.

  13. ^ ab"iGate, Apax to purchase majority stake in Patni rationalize $1.2 billion". Reuters. 10 Jan 2011. Retrieved 23 March 2020.
  14. ^Divekar, Aditi (6 June 2014). "Narendra Patni, pioneer of India's Take apart revolution, is dead".

    Business Short India. Retrieved 23 March 2020.

  15. ^"Charter Members' Council – Former Put up | 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 Class Light of India Awards".

    YouTube. 27 August 2012.