Patni Computer Systems

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Image:Patni-logo.gif Patni Computer Systems Ltd. is a provider of Information Technology services and business solutions. The company employs over 12,000 professionals, and has 23 international offices across the Americas, Europe and Asia-Pacific,as well as offshore development centers in 8 cities in India. Patni's clients include more than 200 Fortune 1000 companies. Patni has registered revenues of US$ 450 million for the year 2005.

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History

Patni Computer Systems Limited was incorporated as Patni Computer Systems Private Limited on February 10, 1978 under the Companies Act, 1956. In 1988, by virtue of Section 43A of the Companies Act, the Company became a "deemed public company" and subsequently on April 15, 1991 it was converted into a private limited company. By virtue of its turnover exceeding prescribed limits under the then-applicable Section 43A of the Companies Act, on July 1, 1995, the Company became a deemed public company and consequent to the deletion of Section 43A from the Companies Act, 1956, the Company was converted to a private limited company on June 27, 2002. The Company was again converted to a public limited company on September 18, 2003.

In 2004, Patni came out with an initial public offering (IPO) of 18,724,000 equity shares in the price of Rs 230 per share for a face value of Rs 2 each.

In December 2005, Patni listed its ADRs on the New York Stock Exchange (NYSE) under the ticker PTI.

In 2004, Patni acquired Fremont, California based Cymbal Corporation for $60 million. Practices acquisitioned are now part of Patni's Telecom Verticle Business. The acquisition also allowed Patni to spread its Non-GE Business, and added a development center in Hyderabad, India.

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Board of directors

  • Narendra K Patni - Chairman & CEO
  • Abhay Havaldar - Alternate Director
  • William O Grabe - Director
  • Gajendra K Patni - Executive Director
  • Ashok K Patni - Executive Director
  • Arun Duggal - Independent Director
  • Anupam P Puri - Independent Director
  • Pradip Shah - Independent Director
  • Louis Theodoor van den Boog - Independent Director
  • Ramesh Venkateswaran - Independent Director
  • Michael A Cusumano - Independent Director
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Global locations

The company's headquarters are located in Mumbai and it has development centers in several locations in India and sales offices in North America, Europe and the Asia-Pacific region.


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External links

  • [1]Change Management: Building effective global sourcing relationships
  • [2]IT Portfolio Rationalization – Aligning IT investments with business objectives
  • [3]Transition Management – The key to successful IT outsourcing
  • [4]Building Blocks of IT Governance – for maximizing effectiveness of Global Delivery Models
  • [5]Key CIO challenges – Focus on strategic solution areas
  • [6]Six Sigma and Process Improvement in Outsourcing
  • [7]Maximizing ROI through Offshore Testing
  • [8]Outsourcing for Strategic & Tactical Objectives
  • [9]Transformational Offshoring: Why and How?
  • [10]De-Mystifying Global Sourcing
  • [11]Guidelines for planning on offshore outsourcing - from National Computing Center, UK by David Ganesh, Patni
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