Patni Computer Systems Limited

(NYSE:PTI) (Bombay:PATNI)

Contact Information Patni Computer Systems Limited Akruti Softech Park, MIDC Cross Rd. No. 21, Andheri (E) Mumbai 400-093, India Tel. +91-22-5693-0500 Fax +91-22-6693-0211

Type: Public
On the web: http://www.patni.com
Employees: 18,000
Employee growth: 2.0%

Too bad Patni didn't patent the idea for outsourcing IT services to India. The company offers application development and maintenance, business process outsourcing, enterprise system management, and software implementation to some 300 clients worldwide. (However, around 80% of its revenues come from customers in the US.) Patni primarily serves companies in the insurance, financial services, and manufacturing industries. It also offers product engineering services, targeting such fields as electronics, data storage networks, industrial automation, medical electronics, and enterprise software. In 2011 iGate acquired 83% of Patni.

Key numbers for fiscal year ending December, 2011:
Sales: $759.3M
One year growth: 8.2%
Net income: $73.5M
Income growth: (44.8%)

Officers:
Chairman: Narendra K. (Naren) Patni
CEO and Director: Jeya Kumar
EVP and Global Head Operations: Anil Gupta

Competitors:
HCL Technologies
Infosys
Wipro