Increases vertical focus to set the pace for growth
INDIA, Mumbai, September 30, 2009 : Patni Computer Systems (BSE: PATNI COMPUT, NSE: PATNI, NYSE: PTI), a leading global IT and BPO services provider, today announced the appointment of Vijay Mehra as Executive Vice President and Head of Business Verticals. Vijay was until recently, Global CIO at Essar Group of Companies and comes with over 20 years of global management and consulting experience. Vijay will define and boost Patni’s micro-verticals strategy, structure, systems and skills.
Commenting on the appointment, Mr. Jeya Kumar, CEO, PATNI said, “As we increase our focus on verticals led growth, we have begun making early investments with the right leadership team to set the pace for success. Vijay has a strong track record of leveraging information technology to create competitive advantage and with his global experience, I am confident Vijay will contribute significantly to Patni’s aggressive growth plans.”
Said Vijay Mehra, “As Patni embarks on its micro vertical strategy I am glad to be at the helm of it. Patni is a pioneer in the IT services industry and I look forward to drive this initiative to its next phase of growth.”
Vijay has led the turn-around of the IT function at Essar and has also led the IT-enabled business transformation of the Group across all major businesses. Prior to Essar, Vijay has worked with leading corporations including McKinsey, CSC Consulting, Syntel and Motorola.
Vijay is an eminent speaker at global and regional conferences and has recently been awarded ‘Best CIO, Large Corporate’ (by 9.9 Media, a corporation co-founded by an ex McKinsey partner and founding dean of the ISB). He holds an MBA and a Masters in Systems Engineering from MIT and a Bachelors of Science (Operations Research and Industrial Engineering) and a Bachelors of Arts (Economics) from Cornell University.
About Patni Computer Systems
Patni Computer Systems Limited (BSE: PATNI COMPUT, NSE: PATNI, NYSE: PTI) is a global provider of IT Services and business solutions, servicing Global 2000 clients. Patni services its clients through its industry-focused practices, including banking, financial services (BFS) and insurance (I); manufacturing, retail and distribution (MRD); life sciences; communications, media and utilities (CMU), and its technology-focused practices.
With an employee strength of around 13,800; multiple global delivery centers spread across 12 cities worldwide; 27 international offices across the Americas, Europe and Asia-Pacific; Patni has registered revenues of US$ 719 million for the year 2008.
Patni’s service offerings include application development and maintenance, enterprise application solutions, business and technology consulting, product engineering services, infrastructure management services, customer interaction services & business process outsourcing, quality assurance and engineering services.
Committed to quality, Patni adds value to its clients’ businesses through well-established and structured methodologies, tools and techniques. Patni is an ISO 9001: 2000 certified and SEI-CMMI Level 5 (V 1.2) organization, assessed enterprise wide at P-CMM Level 3. In keeping with its focus on continuous process improvements, Patni adopts Six Sigma practices as an integral part of its quality and process frameworks.
Patni leverages its vast experience spanning three decades; deep domain expertise; full-spectrum services; and suites of IP-led solutions, methodologies and frameworks; in being an effective business transformation partner to its clients.
For more information on Patni, visit http://www.patni.com/.
Safe Harbor:
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, liability for damages on our service contracts, the success of the companies in which Patni has made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.