Patni Computer Systems Limited
Type	Public
Founded	1978
Headquarters	Mumbai, India
Key people	Narendra Patni (Chairman & CEO)
Industry	Information Technology
Revenue	$ 568 million (2006)
Employees	14,000
Website	www.patni.com

Patni Computer Systems Ltd., is a provider of Information Technology services and business solutions. The company employs over 14,000 people, 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$ 568 million for the year 2006. Image File history File links No higher resolution available. ... This article does not cite any references or sources. ... Image File history File links Flag_of_India. ... , “Bombay” redirects here. ... Narendra Patni (b. ... Information and communication technology spending in 2005 Information technology (IT), as defined by the Information Technology Association of America (ITAA), is the study, design, development, implementation, support or management of computer-based information systems, particularly software applications and computer hardware. ... Look up revenue in Wiktionary, the free dictionary. ... This article is about work. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... Information and communication technology spending in 2005 Information technology (IT), as defined by the Information Technology Association of America (ITAA), is the study, design, development, implementation, support or management of computer-based information systems, particularly software applications and computer hardware. ... World map showing the Americas CIA political map of the Americas The Americas are the lands of the Western hemisphere or New World, consisting of the continents of North America[1] and South America with their associated islands and regions. ... For other uses, see Europe (disambiguation). ... Map showing general definition of Asia-Pacific The term Asia-Pacific generally applies to littoral East Asia, Southeast Asia and Australasia near the Pacific Ocean, plus the states in the ocean itself (Oceania). ... Fortune 1000 is a reference to a list maintained by the American business magazine Fortune. ...

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 then 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. is the 41st day of the year in the Gregorian calendar. ... Year 1978 (MCMLXXVIII) was a common year starting on Sunday (link displays the 1978 Gregorian calendar). ... Year 1956 (MCMLVI) was a leap year starting on Sunday (link will display full calendar) of the Gregorian calendar. ... Year 1988 (MCMLXXXVIII) was a leap year starting on Friday (link displays 1988 Gregorian calendar). ... is the 105th day of the year (106th in leap years) in the Gregorian calendar. ... Year 1991 (MCMXCI) was a common year starting on Tuesday (link will display the 1991 Gregorian calendar). ... is the 182nd day of the year (183rd in leap years) in the Gregorian calendar. ... Year 1995 (MCMXCV) was a common year starting on Sunday (link will display full 1995 Gregorian calendar). ... is the 178th day of the year (179th in leap years) in the Gregorian calendar. ... Also see: 2002 (number). ... The initials PLC after a UK or Irish company name indicate that it is a public limited company, a type of limited company whose shares may be offered for sale to the public. ... is the 261st day of the year (262nd in leap years) in the Gregorian calendar. ... Year 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ...

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 the same year, Patni acquired Fremont, California based Cymbal Corporation for a sum of US$78 mn. Cymbal's acquisition allowed Patni to enter $60 billion IT services market in the telecom vertical which was previously not available to Patni on their business landscape. This acquisition also allowed Patni to spread it's Non-GE Business, and added a development center in Hyderabad, India. Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... “IPO” redirects here. ... For the unincorporated community in Yolo County, California, see Fremont, Yolo County, California. ... Cymbal Corporation was started in 1998 with a simple vision - to be the partner of choice for discriminating clients of IT services who require high-end Systems Integration, Application Lifecycle Management, Custom Application Development, Package Deployment, and Product Development services, at sustainable prices over the long haul. ... Hyderabad or Haydarābād (Telugu: హైదరాబాదు Urdu: حیدر آباد ) is the capital city of the Indian state of Andhra Pradesh. ...

In December 2005, Patni listed its ADRs on the New York Stock Exchange (NYSE) under the ticker PTI. The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) is one of the largest stock exchanges in the world. ...

In 2007, a US Department of Labor investigation of Patni found that the company had defrauded 607 H1-B employees in the US of mandatory wages between January 2004 and December 2005. A $2.4 million levy was issued against Patni to settle this violation of US labor laws. DOL regulations stipulate that employers must pay non-immigrant H-1B visa holders "at least the local prevailing wage or the employer's actual wage, whichever is higher."^{[citation needed]} This provision is intended to guard against employers undercutting American workers by underpaying temporary foreign workers. illegally underpayed its H1-B empolyees in the US.^[1] The United States Department of Labor is a Cabinet department of the United States government responsible for occupational safety, wage and hour standards, unemployment insurance benefits, re-employment services, and some economic statistics. ...

Board of directors

• Narendra K Patni - Chairman & CEO
• Gajendra K Patni - Executive Director
• Ashok K Patni - Executive Director
• William O Grabe - Director
• Louis Theodoor van den Boog - Independent Director
• Michael A Cusumano - Independent Director
• Arun Duggal - Independent Director
• Arun Maira - Additional Director
• Pradip Shah - Independent Director
• Ramesh Venkateswaran - Independent Director
• Abhay Havaldar - Alternate Director to Mr. William O Grabe

Key industries

• Insurance
• Financial Services
• Manufacturing
• Telecom & ISV
• Media & Entertainment
• Energy & Utilities
• Logistics & Transportation

Global locations

Asia Pacific

• India: Mumbai, Navi Mumbai, Pune, Banglore, Chennai, Noida, Hyderabad, Gandhinagar
• Australia: Melbourne, North Sydney
• Japan: Tokyo
• UAE: Dubai

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North America

• Canada:Toronto
• U.S.A:Cambridge, Cincinnati, Jersey City, Atlanta, Costa Mesa, Southfield, Bellevue, Milpitas

This article is about the city in England. ... Cincinnati, Ohio viewed from the SW, across the Ohio River from Kentucky. ... The skyline of Jersey City, as seen from Lower New York Bay. ... This article is about the state capital of Georgia. ... Costa Mesa is a city located in Orange County, California. ... Southfield is a city located in Oakland County, Michigan. ... Bellevue (French, meaning beautiful view) is the name of many places in many countries: Australia Bellevue, Western Australia See also: Bellevue Hill, New South Wales Canada: Bellevue, Alberta Bellevue, Newfoundland and Labrador Bellevue, Ontario Bellevue, Prince Edward Island Bellevue, Saskatchewan Germany: Schloss Bellevue is the official residence of the President... Milpitas is a city in Santa Clara County, California. ...

Europe & UK

• Germany: Frankfurt
• Sweden: Kista
• The Netherlands: Schiphol-Rijk
• UK: London

For other uses, see Frankfurt (disambiguation). ... Kista subway station Kista (Swedish: ) is a district of Stockholm Municipality in Sweden belonging to Kista borough. ... Schiphol-Rijk () is a town and an industrial estate in the Dutch province of North Holland. ... This article is about the capital of England and the United Kingdom. ...

PATNI KNOWLEDGE PARK,Airoli, Mumbai

Patni Computer Systems Ltd. Patni Knowledge Park IT-1, IT-2, TTC Industrial Area Thane-Belapur Road Airoli

Acquisitions

• April 2003: Acquired "The Reference Inc.," a company incorporated in Massachusetts, USA for a consideration of about US$ 7.5 million, through its wholly owned US subsidiary, Patni Computer Systems Inc. The Reference Inc. has provided Patni with specialised skills and domain expertise in the financial services industry segment.
• November 2004: Acquired "Cymbal Corporation" for a sum of US$78 million. Cymbal's 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.
• June 2006: Acquired "ZAiQ Technologies," a design and verification company, in Woburn, Mass. Through the transaction, Patni obtained ZAiQ’s Application-specific integrated circuit (ASIC) design capabilities and Intellectual Property (IP), as well as expertise in Field-programmable gate array (FPGA) and System-on-a-chip (SoC) technologies.
• July 2007 : Acquired Europe-based "Logan-Orviss International (LOI)", a leading independent specialist telecommunications consulting services company. The consideration includes an upfront cash payment on completion of the transaction as well as performance-linked incentive payments on achieving financial targets over a three year period. LOI ended a profitable year with revenues of Euro 11.8 Million in 2006.^[2]
• July 2007 :Acquired N.J.-based "Taratec Development Corp." through Patni Computer Systems Inc. a wholly owned subsidiary of the Company, for an aggregate price of $27.2 million in cash including contingent consideration. With more than $20m in annual revenues, Taratec is a leading consulting company in the life sciences industry providing integrated business, information technology, and regulatory compliance products and services.^[3]

This article is about the U.S. State. ... This article does not cite any references or sources. ... This article does not cite any references or sources. ... For the 2006 film, see Intellectual Property (film). ... An Altera Stratix II GX FPGA. A field-programmable gate array is a semiconductor device containing programmable logic components called logic blocks, and programmable interconnects. ... System-on-a-chip (SoC or SOC) is an idea of integrating all components of a computer system into a single chip. ...

References

Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 277th day of the year (278th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 277th day of the year (278th in leap years) in the Gregorian calendar. ...

Notes

For information on Wikipedia press releases, see Wikipedia:Press releases. ...

External links

• Patni official website
• 50 Best Managed Global Outsourcing Vendors
• Top 5 Engineering Service Providers — Winner Patni Computer Services, January 31, 2007