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| ==Criticism of Patni== | ==Criticism of Patni== | ||
| Patni holds the record for the software companies with highest attrition rate. Its pay standard is worst among the IT industry |
Patni holds the record for the software companies with highest attrition rate. Its pay standard is worst among the IT industry. As Patni is planning to enter the stock market in US, it is slowly changing its policies now. | ||
Revision as of 19:08, 1 December 2005
Patni Computer Systems Ltd. (Patni) (BSE: PATNI COMPUT, NSE: PATNI) is one of the leading global providers of Information Technology services and business solutions. Over 10,000 professionals service clients across diverse industries, from 24 sales offices across the Americas, Europe and Asia-Pacific, and multiple offshore development centers across 8 cities in India. The company has serviced more than 200 Fortune 1000 companies, for over two decades.
Patni's vision is to achieve global IT services leadership in providing value-added high quality IT solutions to its clients in selected horizontal and vertical segments, by combining technology skills, domain expertise, process focus and a commitment to long-term client relationships.
History Of Company
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 came out with 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.
Overview
Patni Computer Systems Limited (BSE: PATNI COMPUT, NSE: PATNI) is a global IT Services provider servicing Global 2000 clients through its industry practices in Insurance, Financial Services, Manufacturing, Telecom, Retail, Media & Entertainment, Energy & Utilities, and Logistics & Transportation; and through its technology practices.
With an employee strength of over 10,000; multiple offshore development facilities across eight cities; and 24 international offices across the Americas, Europe and Asia-Pacific; Patni has registered revenues of US$ 326.6 million for the year 2004.
Patni's technology focus spans enterprise applications, embedded technologies, e-business, business intelligence & data warehousing, and RFID. Our service offerings include: application development, application management, business process outsourcing, infrastructure management, product engineering, verification & validation, process consulting, engineering services, and IT governance.
Committed to quality, Patni adds value to its client's businesses through well-established and structured methodologies, tools and techniques. Patni is an ISO 9001:2000 certified and SEI-CMMI Level 5 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.
Board Of Directors
- Mr. Narendra K Patni- Chairman & CEO
- Mr. Abhay Havaldar- Alternate Director
- Mr. William O Grabe- Director
- Mr. Gajendra K Patni- Executive Director
- Mr. Ashok K Patni- Executive Director
- Mr. Arun Duggal- Independent Director
- Mr. Anupam P Puri- Independent Director
- Mr. Pradip Shah- Independent Director
- Mr. Louis Theodoor van den Boog- Independent Director
- Mr. Ramesh Venkateswaran- Independent Director
- Prof. Michael A Cusumano- Independent Director
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.
External links
Criticism of Patni
Patni holds the record for the software companies with highest attrition rate. Its pay standard is worst among the IT industry. As Patni is planning to enter the stock market in US, it is slowly changing its policies now.
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