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| NASDAQ:IGTE | |
| $18.01 | + 0.04 |
| Feb 3, 2012 | 4:00 PM ET |
| Delayed at least 20 min., by eSignal. | |

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Executive Committee
Phaneesh Murthy, currently the CEO of iGATE Patni has, over the last two decades, created three large transformations in the Global IT industry. In recognition of his exemplary entrepreneurship, Phaneesh received the 'Outstanding Entrepreneurship' Award for 2011, instituted by Enterprise Asia.
In the 1990s, Phaneesh Murthy was an integral part of the industry that created the huge IT Outsourcing market in India. As the Global Sales Head of Infosys, he has been widely credited as the one who was responsible for taking the organization from just $2 million in revenues to $700 million in under 10 years.
Over the last decade, Phaneesh has embarked upon his second large transformation. Eight years since taking over as the CEO of iGATE, Phaneesh has transformed iGATE from a loss making, negative margins, staffing firm to a best-in-class earnings growth company with high focus on profitability through his industry pioneering Business Outcomes based delivery model, that has now come to be accepted in the industry and is increasingly being adopted by Global customers. This has clearly reconfirmed Phaneesh as a thought leader in the industry.
Phaneesh is currently in the middle of the third of his transformation in the IT industry, one that is already being pegged as a big trendsetter for the industry. Against all odds, Phaneesh challenged the previously unheard of scenario, of a midsized IT company buying out a company that is more than double its size with the vision of making the combined entity not just a large Tier 1 player delivering Business Outcomes based solutions but also one that would have the best in class earnings growth in the industry.
Phaneesh's achievements include:
When not at work, Phaneesh loves reading murder mysteries and engaging in adventure sports.
Phaneesh graduated from the Indian Institute of Technology, Chennai and did his Masters at the Indian Institute of Management, Ahmedabad, India's premier Technology and Management Institutes.
In the 1990s, Phaneesh Murthy was an integral part of the industry that created the huge IT Outsourcing market in India. As the Global Sales Head of Infosys, he has been widely credited as the one who was responsible for taking the organization from just $2 million in revenues to $700 million in under 10 years.
Over the last decade, Phaneesh has embarked upon his second large transformation. Eight years since taking over as the CEO of iGATE, Phaneesh has transformed iGATE from a loss making, negative margins, staffing firm to a best-in-class earnings growth company with high focus on profitability through his industry pioneering Business Outcomes based delivery model, that has now come to be accepted in the industry and is increasingly being adopted by Global customers. This has clearly reconfirmed Phaneesh as a thought leader in the industry.
Phaneesh is currently in the middle of the third of his transformation in the IT industry, one that is already being pegged as a big trendsetter for the industry. Against all odds, Phaneesh challenged the previously unheard of scenario, of a midsized IT company buying out a company that is more than double its size with the vision of making the combined entity not just a large Tier 1 player delivering Business Outcomes based solutions but also one that would have the best in class earnings growth in the industry.
Phaneesh's achievements include:
- Responsible for the phenomenal surge in Infosys revenues.
- Being instrumental in the first NASDAQ listing by an Indian IT company.
- Pioneering the Outcomes based business model for the Indian IT industry.
- Transforming a loss making mid-sized company to a billion dollar Tier 1 player with best in class margins.
- Catapulting the market capitalization of a mid-sized company by over 10 times in less than seven years.
- One of industry biggest acquisitions by iGATE of Patni, a company more than double its size.
When not at work, Phaneesh loves reading murder mysteries and engaging in adventure sports.
Phaneesh graduated from the Indian Institute of Technology, Chennai and did his Masters at the Indian Institute of Management, Ahmedabad, India's premier Technology and Management Institutes.
Sujit Sircar is an Executive Vice-President and the Chief Financial Officer of iGATE Patni, responsible for Finance, Administration, Legal, Investor Relations and M&A functions. He has over 20 years of experience in the field of Corporate Finance with core competence in strategic business planning, forex, treasury and fund management. He took over the role of Chief Financial Officer of iGATE Corporation in 2008 prior to which he was the Senior Vice President Finance. He joined iGATE in 1998 from WIPRO where he was the finance head for two of its verticals.
During his long tenure in iGATE, Sujit has been significantly involved in listing iGATE's Indian operations on Indian Stock Exchanges and its delisting from the same in 2008. He was also instrumental in driving innumerable Mergers & Acquisitions the Company made during the last 12 years. He also supervised all the spin-off and sale of non-core iGATE businesses in 2008 and the maiden secondary public offering of the Founder shareholders of the Company in 2010.
In early 2010, Sujit spearheaded the Indian IT industry's largest leveraged buyout that of Patni Computer Systems Limited, by iGATE. Amidst all complexities involved in the cross-border transaction with both the companies differently listed, Sujit ably led the way from a financial and legal standpoint to see through a smooth and successful completion of the acquisition.
Sujit is a Chartered Accountant by training and is also an active member and speaker at various professional bodies.
During his long tenure in iGATE, Sujit has been significantly involved in listing iGATE's Indian operations on Indian Stock Exchanges and its delisting from the same in 2008. He was also instrumental in driving innumerable Mergers & Acquisitions the Company made during the last 12 years. He also supervised all the spin-off and sale of non-core iGATE businesses in 2008 and the maiden secondary public offering of the Founder shareholders of the Company in 2010.
In early 2010, Sujit spearheaded the Indian IT industry's largest leveraged buyout that of Patni Computer Systems Limited, by iGATE. Amidst all complexities involved in the cross-border transaction with both the companies differently listed, Sujit ably led the way from a financial and legal standpoint to see through a smooth and successful completion of the acquisition.
Sujit is a Chartered Accountant by training and is also an active member and speaker at various professional bodies.
Sunil Chitale is an Executive Vice-President and the Head of Strategy, Marketing & Planning at iGATE Patni. In this role, he is responsible for continuously scanning the market needs and help in building and strengthening the distinctive positioning of the company's portfolio of services. He is also responsible for defining overall corporate strategy and working with other organizational units within the company to define and execute strategic initiatives.
Sunil began his career with Patni in 1985 and has served the company in different and varied leadership roles. Prior to his current role, he was Global Head Enterprise Software and Systems Integration (ES & SI), with responsibility for strengthening and growing the company's capabilities in ERP, Business Intelligence, CRM and allied packaged software applications. He also oversaw delivery of business in the adoption of enterprise software platforms, to customers globally. He has helped several customers in leveraging the global delivery model through effective use of domain, consulting and technology in a managed services mode. He has experience in managing large relationship portfolios, which included one of the largest customer relationships in the company. He helped build the manufacturing practice of the company including its sales, solutions and delivery functions. Apart from his contributions in core functions, he played a key role in defining 'competency based HR practices' in the company. Sunil also led the Patni Academy for Competency Enhancement (PACE) and the Global Resources in Technology (GRiT) functions.
Sunil has a Bachelor's degree from the Institute of Technology, Banaras Hindu University, India.
Sunil began his career with Patni in 1985 and has served the company in different and varied leadership roles. Prior to his current role, he was Global Head Enterprise Software and Systems Integration (ES & SI), with responsibility for strengthening and growing the company's capabilities in ERP, Business Intelligence, CRM and allied packaged software applications. He also oversaw delivery of business in the adoption of enterprise software platforms, to customers globally. He has helped several customers in leveraging the global delivery model through effective use of domain, consulting and technology in a managed services mode. He has experience in managing large relationship portfolios, which included one of the largest customer relationships in the company. He helped build the manufacturing practice of the company including its sales, solutions and delivery functions. Apart from his contributions in core functions, he played a key role in defining 'competency based HR practices' in the company. Sunil also led the Patni Academy for Competency Enhancement (PACE) and the Global Resources in Technology (GRiT) functions.
Sunil has a Bachelor's degree from the Institute of Technology, Banaras Hindu University, India.
Satish Joshi is an Executive Vice-President and the Head of Product Engineering Services of iGATE Patni. He is responsible for managing the Product Engineering Business of Patni that delivers services to customers in the high-tech electronics industry spanning Automation & Control; Medical Devices; Storage, Networking & Computing; Consumer Electronics; Automotive Controls & Electronics; ISVs; Semiconductor Manufacturing, to build their next-generation technology and products.
Satish has been with Patni since 1983, prior to which, he worked with the Tata Institute of Fundamental Research.
Satish holds a Bachelor's degree in Electrical Engineering and a Master's degree in Computer Science from IIT, Mumbai.
Satish has been with Patni since 1983, prior to which, he worked with the Tata Institute of Fundamental Research.
Satish holds a Bachelor's degree in Electrical Engineering and a Master's degree in Computer Science from IIT, Mumbai.
Srinivas Kandula is an Executive Vice-President and the Head of Human Resources at iGATE Patni.
Srinivas is an HR generalist with over 20 years of hands-on and minds-on experience in all the facets of Human Resource Management strategy and practice. Prior to joining iGATE, he held senior HR leadership roles in Power Grid Corporation of India Ltd and Sasken Communication Technologies Ltd. Under his leadership Power Grid, Sasken and iGATE, respectively, were each recognized as 'The Best Employer' in leading national and international surveys.
Srinivas is a Doctoral Fellow from XLRI, Jamshedpur. He has published over 60 papers and 8 books in the areas of Strategic Human Resource Development, Performance Management, Organization Development and Self-Development in international publications and in multiple languages. Some of these have received wide acclaim. He is a member of various national and international forums and a speaker at HR forums like NASSCOM, CII, National HRD Network. He has also delivered lectures on special invitation at XLRI, MDI, ASCI and IIMs.
Srinivas is an HR generalist with over 20 years of hands-on and minds-on experience in all the facets of Human Resource Management strategy and practice. Prior to joining iGATE, he held senior HR leadership roles in Power Grid Corporation of India Ltd and Sasken Communication Technologies Ltd. Under his leadership Power Grid, Sasken and iGATE, respectively, were each recognized as 'The Best Employer' in leading national and international surveys.
Srinivas is a Doctoral Fellow from XLRI, Jamshedpur. He has published over 60 papers and 8 books in the areas of Strategic Human Resource Development, Performance Management, Organization Development and Self-Development in international publications and in multiple languages. Some of these have received wide acclaim. He is a member of various national and international forums and a speaker at HR forums like NASSCOM, CII, National HRD Network. He has also delivered lectures on special invitation at XLRI, MDI, ASCI and IIMs.
Derek Kemp is an Executive Vice-President and the Head of Sales for EMEA, Asia & Australia, at iGATE Patni. He is also responsible for the Global Transformational Deals team.
Derek has 30 years of experience in areas including consulting, systems integration and strategic outsourcing. During his career, he has operated globally in a variety of market sectors, both public and private, and has led teams providing solutions and services to respond to significant change driven by regulatory reform, market liberalization and market disruption.
Prior to joining iGATE Patni, Derek was the Managing Director of Polestar Applied Solutions a provider of outsourcing services to the Print & Media sector. Earlier, he was Practice Head for Financial Services and Media at Charteris a UK consulting firm. Prior to that he spent 17 years working with Logica where he was a member of the UK board. During his time at Logica, Derek led teams in the Energy & Utilities, Telecommunications and Financial Services sectors, both in the UK and overseas. He also brings significant experience of Mergers & Acquisitions.
Derek holds a Bachelor's degree in Mathematical Sciences from the Robert Gordon University, Scotland.
Derek has 30 years of experience in areas including consulting, systems integration and strategic outsourcing. During his career, he has operated globally in a variety of market sectors, both public and private, and has led teams providing solutions and services to respond to significant change driven by regulatory reform, market liberalization and market disruption.
Prior to joining iGATE Patni, Derek was the Managing Director of Polestar Applied Solutions a provider of outsourcing services to the Print & Media sector. Earlier, he was Practice Head for Financial Services and Media at Charteris a UK consulting firm. Prior to that he spent 17 years working with Logica where he was a member of the UK board. During his time at Logica, Derek led teams in the Energy & Utilities, Telecommunications and Financial Services sectors, both in the UK and overseas. He also brings significant experience of Mergers & Acquisitions.
Derek holds a Bachelor's degree in Mathematical Sciences from the Robert Gordon University, Scotland.
Vijay Khare is an Executive Vice-President and the Co-Head of Consulting & Solutions at iGATE Patni. In this role, Vijay is jointly responsible for consulting engagements and the subsequently influenced revenue, as also for building the portfolio of solutions in the vertical industry segments that the company operates in. Under his guidance, the consulting and solutions team will build deep domain industry capabilities and widen the solutions coverage to forge strategic relationships with customers.
Vijay began his career with Patni in 1980 and has grown over the years to hold various leadership positions in the Company.
Vijay has a Bachelor's degree in Engineering from the Regional Engineering College, Nagpur and a Master's degree in Computer Science from the Indian Institute of Technology, Powai.
Vijay began his career with Patni in 1980 and has grown over the years to hold various leadership positions in the Company.
Vijay has a Bachelor's degree in Engineering from the Regional Engineering College, Nagpur and a Master's degree in Computer Science from the Indian Institute of Technology, Powai.
David Kruzner is an Executive Vice-President and the Co-Head of Consulting & Solutions at iGATE Patni. He has over 24 years of the strategic business operating model and executive management experience, working at the intersection of Business and IT Leadership. He has lead significant client teams in designing new business strategies, transforming business operating models (i.e., Shared Services, SBU's, HR, IT, Supply Chain, etc), and exploiting technology through business process enablement. He has worked primarily with Senior Executives to bring leadership experience in executive coaching and executing large-scale initiatives focused on delivering realizable results.
David has led business transformation efforts across industry, geography, business entities and organizations. His work contributed significant value in creating innovative strategies, transforming business models and building upgrading talent while delivering operational improvements/profits. He works primarily with Executives and their leadership teams to address business change or transformational initiatives that require significant change to strategy, operating model constructs as well as talent profiles. David has built a reputation on integrity and quality service by delivering realized business results to clients. Today, He is focused on developing and delivering innovative solutions at the intersection of Technology, Operations and Process that impact customers' financial or operational performance, proven through Business Outcomes.
David has served on Boards for The Concours Group and Natural Bridge Solutions. He is published in the Oil & Gas Journal on 'Designing & Executing the Balanced Scorecard'; in the Business Courier on 'Managing Assets Keeps Info Tech Costs In Line'; and in the Sr. Executive HR Magazine on 'Uncovering the Clues to Measuring and Realizing Business Value: Aligning IT Operating Models with Business Strategy'.
David has led business transformation efforts across industry, geography, business entities and organizations. His work contributed significant value in creating innovative strategies, transforming business models and building upgrading talent while delivering operational improvements/profits. He works primarily with Executives and their leadership teams to address business change or transformational initiatives that require significant change to strategy, operating model constructs as well as talent profiles. David has built a reputation on integrity and quality service by delivering realized business results to clients. Today, He is focused on developing and delivering innovative solutions at the intersection of Technology, Operations and Process that impact customers' financial or operational performance, proven through Business Outcomes.
David has served on Boards for The Concours Group and Natural Bridge Solutions. He is published in the Oil & Gas Journal on 'Designing & Executing the Balanced Scorecard'; in the Business Courier on 'Managing Assets Keeps Info Tech Costs In Line'; and in the Sr. Executive HR Magazine on 'Uncovering the Clues to Measuring and Realizing Business Value: Aligning IT Operating Models with Business Strategy'.
Sean Narayanan is an Executive Vice-President and the Chief Delivery Officer of iGATE Patni. He is responsible for global delivery and operations, research and innovation, and client services. He has been with iGATE since 2006 and has created a strong integrated delivery organization through building a high performance culture. Sean has over 19 years experience in IT and management consulting both in US and India.
Prior to joining iGATE, he was VP and Global Practice Head of IT Infrastructure Services (ITIS) at Cognizant. He was part of the leadership team at Cognizant that took the company from 4000 to 36,000 employees and from $170 million to $1 billion in four years. He joined Cognizant in 2002 as Director and COO of its eBusiness practice. He has also worked with international management consulting firm Booz-Allen-Hamilton in the US, working on IT strategies for both the US Federal Government agencies and commercial firms.
Sean is a recognized expert on Management and Technology, a speaker at seminars and conferences and has been widely quoted in the international media. Sean has a Master's Degree from the University of Oklahoma and a Bachelor's Degree from the Regional Engineering College, Trichy, India.
Prior to joining iGATE, he was VP and Global Practice Head of IT Infrastructure Services (ITIS) at Cognizant. He was part of the leadership team at Cognizant that took the company from 4000 to 36,000 employees and from $170 million to $1 billion in four years. He joined Cognizant in 2002 as Director and COO of its eBusiness practice. He has also worked with international management consulting firm Booz-Allen-Hamilton in the US, working on IT strategies for both the US Federal Government agencies and commercial firms.
Sean is a recognized expert on Management and Technology, a speaker at seminars and conferences and has been widely quoted in the international media. Sean has a Master's Degree from the University of Oklahoma and a Bachelor's Degree from the Regional Engineering College, Trichy, India.
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