For a successful corporate professional, it is essential to feel the beat of the time and act according to the need of the market. Yes, Narendra K Patni, Chairman and CEO, Patni Computer Systems Limited has been doing precisely the same. A man of vision and an incisive talent, Patni a founder of one of the largest IT company.
Information Technology is the buzzword today and Patni has played a cardinal role in the development of Indian IT industry. He has been among the pioneers who started the offshore outsourcing business model for the software industry. Known for his professionalism, Patni has held crucial positions at the senior management and at the consulting level with the US Trust Company of New York and Arthur D. Little Inc. Known for his professionalism, Patni has held crucial positions at the senior management and at the consulting level with the US Trust Company of New York and Arthur D. Little Inc and was President and Director of the Forrester Consulting Group.
A graduate from IIT, Roorkee and Massachusetts Institute of Technology, Cambridge MA, U.S, Patni's specialization in Electrical Engineering has helped him in shaping his corporate destiny while his MBA degree from Sloan School of Management at MIT enabled him sharpening his managerial skill. He is a founder of Data Conversion Inc., in 1972 that in due course became the US subsidiary, Patni Computer Systems, Inc.
Thanks to his maturity in handling adverse situation and his brilliant strategy, the Patni Computers Systems has today evolved as the leading IT company in the country with substantial operations abroad. With 23 international offices across America, Europe and Asia-Pacific as well as offshore development centers in eight cities in the country, Patni has emerged as the provider of IT services and business solutions have emerged as a real global software company. Its clients include more than 200 Fortune 1000 companies and it has registered revenues of US$ 578 million for the year 2006.
In this age of mergers and acquisitions, the company is not lagging behind its contemporary giants. Patni acquired The Reference Inc., a company incorporated in Massachusetts, USA in 2003. The spree of M&A continued in the following year and Patni bought 'Cymbal Corporation' for $68 million.
The acquisition allowed Patni to enter the IT services market in the telecom vertical, gaining expertise and operations in the provision of services to clients in the telecommunications industry and to top it all, this year, Patni acquired 'ZAiQ Technologies,' a design and verification company based in Massachusetts. Sure, looking at the trend, one can only say that Patni's journey to glory and fame has just begun. |