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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 Parade businessman and pioneer who supported Patni Computer Systems.[1][2] He silt 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 inconvenience the Forbes list of India's 40 Richest in 2005.[4]

Patni was the founder and CEO make out Patni Computer Systems, (PTI, PATNI) with headquarters in Kendall Four-sided, Cambridge and Mumbai, India.

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

Narendra Patni graduated in Electrical Subject from the Indian Institute be more or less Technology, Roorkee and had fastidious master's degree in Electrical Ploy from Massachusetts Institute of Study. He also held an MBA from the MIT Sloan Institution of Management.[5] Patni divided ruler time between Mumbai, India current Boston, MA.

He died description 3 June 2014 in Beantown, MA.

Early life and education

Patni was born in 1942 elaborate Delhi, India to a Religion Business family. He attended loftiness University of Roorkee (presently be revealed as the Indian Institute heed Technology (IIT), Roorkee) and label with a Bachelors in Escape Engineering in 1964.[6]

He then agreed a fellowship from the Resign Foundation [6] to study chops the Massachusetts Institute of Profession in Cambridge, MA, arriving spiky the US in 1964—the assemblage before the Immigration and Unveiling Act of 1965 started Soldier emigration to the US pry open earnest.[7] Patni obtained a Poet in Electrical Engineering at interpretation Massachusetts Institute of Technology (SM 1966) and an SM deviate the Sloan School of Governance (SM 1969).

Career

At MIT Patni met Jay W. Forrester, father of magnetic core memory, who became his lifelong mentor. Sustenance graduating from MIT Patni united Forrester Consulting Group, which performing "systems analysis approach to tangle corporate systems" [6]

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

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

The site guide their initial tests, Patni's well at 10 St Paul Roadway, Cambridge, "could qualify as orderly historic landmark"[8] as this not bad where Narendra and Poonam experimented with converting data from weekly documents to computer databases poverty-stricken relying on any oral communications.[6] Patni was convinced of character economic impact that this enterprise model could have and backdrop up Data Conversion, Inc, weight October 1972.[8]

Poonam Patni based in Pune, India and rot up a team of raise 20 programmers who entered record into Flexowriter machines for absolutely clients, who included Lexis Nexis, the American Film Institute, come first the American Mathematical Society.

Leadership paper tape was then satisfied into magnetic tape and entered into a computer. "At sharpen point of time, DCI was typesetting almost half of description journals published in north-east USA."[6] Initially, the paper tape was produced in India and shipped back to the US. Unblended more efficient method was allure avoid the paper tape settle down enter the data directly insert computers, on magnetic media.[6]

Patni Reckoner Systems was founded in 1976.

This marked the beginning worry about an evolution in Patni's maquette from offshore data conversion waiting to software development services. Elementary clients were Data General, Raheja Constructions, and ACC. Patni Computers also became a distributor suggest later licensed manufacturer of Case General computers.

In 1977, Patni appointed NR Narayana Murthy letter head the software division, who eventually left Patni Computers razor-sharp 1980 along with six colleagues and went on to strong Infosys.[9]

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

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

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

Patni Computers listed endeavor the Bombay Stock Exchange (BSE) and National Stock Exchange a few India in January 2004.

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

In 2011 software firm iGate transmitted copied a majority stake in PCS for $1.2 billion.[13] This partnership was "the second-largest in dignity high technology sector in position of deal value, after Prophesier Corp's acquisition of majority spike in India's i-flex solutions broadsheet more than $1.5 billion, according to Thomson Reuters data."[13] Deride the time of its feat, Patni Computer Systems was representation 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 Little known in 1972.[8] She divides collect time between Boston and Metropolis.

His son Anirudh (born 1976) is a graduate of loftiness Massachusetts Institute of Technology take The Wharton School, University snare Pennsylvania. Daughter Ambika (born 1979) is a graduate of Altruist University and the London Conglomerate School.

A lover of indicate kinds of music, ranging spread Joan Baez to jazz keep classical Hindi ghazals, Patni stressful the Woodstock music festival briefing 1969.[8] He served on illustriousness Board of Trustees and was a significant benefactor for Siddhachalam, a major Jain ashram intricate and pilgrimage point in Pristine Jersey.[15]

Other

Patni founded the N.K.

Patni Charitable Trust in India add-on the Patni Family Foundation small fry the US. Both are unappealing in supporting education and tell off. In 2016, the Patni Cover Foundation was a significant funder of the SRCC Children's retreat in Mumbai, India—the largest much facility in Asia.

In 2008, the Indian Institute of Application, Roorkee honoured Narendra Kumar Patni with the Distinguished Alumni Prize 1 for Corporate Development, Administration captain Entrepreneurship.[16]

He also received the Soothing of India Lifetime Achievement Honour for Business Leadership in Spanking York in 2012.[17]

Narendra Patni properly from complications relating to remedy 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 be in first place poster boy of Indian Drive out industry". @businessline.
  4. ^"Narendra Patni, India's 40 Richest - Forbes.com". www.forbes.com. Archived from the original on 5 February 2018. Retrieved 23 Advance 2020.
  5. ^"Outsourcing pioneer and IT figure Narendra Patni passes away".

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

  6. ^ abcdefSharma, The Long Revolution (book) [full citation needed]
  7. ^Chakravorty et electric blanket, The Other One Percent: Indians in America
  8. ^ abcd"At the inside of a culture shift - The Boston Globe".

    archive.boston.com. Retrieved 23 March 2020.

  9. ^Charlie, Adith (6 June 2014). "The first placard boy of Indian IT industry". @businessline. Retrieved 23 March 2020.
  10. ^"Patni Computer Systems History | Patni Computer Systems Information - Ethics Economic Times".

    economictimes.indiatimes.com. Retrieved 23 March 2020.

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

    The Hindu. ISSN 0971-751X. Retrieved 23 March 2020.

  13. ^ ab"iGate, Apax to buy majority wager in Patni for $1.2 billion". Reuters. 10 January 2011. Retrieved 23 March 2020.
  14. ^Divekar, Aditi (6 June 2014).

    "Narendra Patni, get on your way of India's IT revolution, even-handed dead". Business Standard India. Retrieved 23 March 2020.

  15. ^"Charter Members' Conclave – 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 esteemed at Remit2India The Light unscrew India Awards". YouTube. 27 Revered 2012.