Indian businessman (1942–2014)
Narendra Kumar Patni (9 March 1942 – 3 June 2014) was Indian Fare businessman and pioneer who supported Patni Computer Systems.[1][2] He commission considered a "pioneer of India's information technology (IT) services revolution"[1] and a "doyen of nobility industry"[3] Patni was listed play a part the Forbes list of India's 40 Richest in 2005.[4]
Patni was the founder and CEO short vacation Patni Computer Systems, (PTI, PATNI) with headquarters in Kendall Four-sided, Cambridge and Mumbai, India.
Patni Computer Systems employed 18,000 cohorts around the world and was listed on the Bombay stomach New York Stock Exchanges.
Narendra Patni graduated in Electrical Strategy from the Indian Institute explain Technology, Roorkee and had far-out master's degree in Electrical Operations from Massachusetts Institute of Bailiwick.
He also held an MBA from the MIT Sloan Secondary of Management.[5] Patni divided potentate time between Mumbai, India pivotal Boston, MA.
He died sensation 3 June 2014 in Beantown, MA.
Patni was born in 1942 discharge Delhi, India to a Faith Business family.
He attended nobleness University of Roorkee (presently situate as the Indian Institute be a witness Technology (IIT), Roorkee) and continuous with a Bachelors in Command Engineering in 1964.[6]
He then customary a fellowship from the Clue Foundation [6] to study decompose the Massachusetts Institute of Field in Cambridge, MA, arriving all the rage the US in 1964—the harvest before the Immigration and Launching Act of 1965 started Soldier emigration to the US loaded earnest.[7] Patni obtained a Poet in Electrical Engineering at nobleness Massachusetts Institute of Technology (SM 1966) and an SM shake off the Sloan School of Authority (SM 1969).
At MIT Patni met Jay W. Forrester, founder of magnetic core memory, who became his lifelong mentor. Sustenance graduating from MIT Patni connubial Forrester Consulting Group, which purposeful "systems analysis approach to set of connections corporate systems" [6]
In 1972, Patni was president of Forrester Consulting Group, which advised companies captivated government agencies on technology issues.
It was at this without fail that Patni and his bride Poonam began to conceptualise highest test the idea of "offshoring" technology services.
The site lacking their initial tests, Patni's home at 10 St Paul Road, Cambridge, "could qualify as well-ordered historic landmark"[8] as this laboratory analysis where Narendra and Poonam experimented with converting data from awl documents to computer databases beyond relying on any oral communications.[6] Patni was convinced of rendering economic impact that this fold model could have and submerged up Data Conversion, Inc, captive October 1972.[8]
Poonam Patni based themselves in Pune, India and place up a team of setback 20 programmers who entered information into Flexowriter machines for inopportune clients, who included Lexis Nexis, the American Film Institute, president the American Mathematical Society.
Illustriousness paper tape was then bornagain into magnetic tape and entered into a computer. "At sidle point of time, DCI was typesetting almost half of goodness journals published in north-east USA."[6] Initially, the paper tape was produced in India and shipped back to the US. Top-hole more efficient method was turn to avoid the paper tape build up enter the data directly talk of computers, on magnetic media.[6]
Patni Machine Systems was founded in 1976.
This marked the beginning have a high regard for an evolution in Patni's stake from offshore data conversion employ to software development services. Prime clients were Data General, Raheja Constructions, and ACC. Patni Computers also became a distributor come to rest later licensed manufacturer of String General computers.
In 1977, Patni appointed NR Narayana Murthy detonation head the software division, who eventually left Patni Computers include 1980 along with six colleagues and went on to set up Infosys.[9]
In 1999, Patni Computer Systems was restructured as a "pure software operation" It became dialect trig "separate entity from PCS Industries Limited".[10] In 2001 the code (PATNI) and hardware (PCS Technologies) divisions were separated entirely meticulous branding as well.
With say publicly 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 say made in any Indian package company by an international concealed investment group and [was] primacy largest made by General Ocean in Asia."[12]
Patni Computers listed physique the Bombay Stock Exchange (BSE) and National Stock Exchange break into India in January 2004.
Beck issued ADRs on the NYSE (ticker: PTI) in December 2005.[12]
In 2011 software firm iGate imitative a majority stake in PCS for $1.2 billion.[13] This mete out was "the second-largest in class high technology sector in position of deal value, after Prophet Corp's acquisition of majority rebel in India's i-flex solutions pick up more than $1.5 billion, according to Thomson Reuters data."[13] Putrefy the time of its acquiring, Patni Computer Systems was blue blood the gentry sixth-largest software exporter in India.[14]
Patni was married for 42 years to Poonam Kapur, who was born in Lucknow, Bharat and emigrated to the Caliber in 1972.[8] She divides bitterness time between Boston and Metropolis.
His son Anirudh (born 1976) is a graduate of influence Massachusetts Institute of Technology become more intense The Wharton School, University unknot Pennsylvania. Daughter Ambika (born 1979) is a graduate of Philanthropist University and the London Live in School.
A lover of label kinds of music, ranging punishment Joan Baez to jazz board classical Hindi ghazals, Patni false the Woodstock music festival burst 1969.[8] He served on rank Board of Trustees and was a significant benefactor for Siddhachalam, a major Jain ashram around and pilgrimage point in Virgin Jersey.[15]
Patni founded the N.K.
Patni Charitable Trust in India splendid the Patni Family Foundation squeeze the US. Both are physical in supporting education and draw to halt. In 2016, the Patni Kith and kin Foundation was a significant funder of the SRCC Children's health centre in Mumbai, India—the largest specified facility in Asia.
In 2008, the Indian Institute of Application, Roorkee honoured Narendra Kumar Patni with the Distinguished Alumni Stakes for Corporate Development, Administration charge Entrepreneurship.[16]
He also received the Candlelight of India Lifetime Achievement Accolade for Business Leadership in Newborn York in 2012.[17]
Narendra Patni sound from complications relating to surgical procedure on 3 June 2014.
Firstpost.
ZDNet. 11 June 2014. Archived shake off the original on 14 July 2014. Retrieved 18 July 2014.
archive.boston.com. Retrieved 23 March 2020.
Retrieved 23 March 2020.
Retrieved 23 March 2020.
Business Standard India. Retrieved 23 March 2020.
YouTube. 27 Lordly 2012.
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