patni computer systems
TRANSCRIPT
Patni Computer Systems LimitedYear of Establishment – 1978
INTRODUCTION
Patni Computer Systems Ltd., is a provider of services and business solutions. The company employs over 15000 people, and has 23 international offices across the Americas, Europe, and Asia-Pacific, as well as offshore development centres in 8 cities in India. Patni's clients include more than 400 companies. Patni Computer Systems (P) Ltd is India's sixth largest software company that provides Information technology Service to clients in diverse industries. Established in the year 1978, Patni Computers has revenue of more than US $ 150 million. Patni has noteworthy technical expertise in the fields of enterprise applications, enterprise systems management, e-business and embedded technology. An ISO 9001:2000 certified company; Patni has the distinction of being the largest company in the world that has all its development centers assessed at SEI CMM Level 5 and P-CMM Level 3.
FOUNDER
India, Aman Kumar first came to the US in 1964 on an MIT fellowship and in the early
1970s, he was appointed the president of Forrester Consulting Group, which advised
companies and government agencies on technology issues.
While there, he became aware of the benefits of outsourcing during a project involving
advance level typesetting. “The best way to do it is where the labor is cheaper”, he said
and so was born the first outsourcing companies in India .
HISTORY
The name of the company was initially Aman Data Conversion Inc in 1972. Aman and
his girlfriend Poonam started this experiment in their house, naming one room as ‘US’
and the other as ‘India’. In one room, they wrote instructions to convert data from paper
documents to computers. In another room, a group of MIT students typed out the data
into a Flexowriter machine that spat out papered out court documents for LexisNexis,
movie summaries for American Film Institute and catalogs for American Mathematical
Society. Each week boxes of paper tapes were flown to US for processing through
readers and conversion into magnetic tapes that was fed into computers. This experiment
has mushroomed into a business empire and a global phenomenon that is fuelling
productivity.
This was Patni's first step into the realm of software services. By late 1970s the company
had garnered enough foreign exchange to take the next step forward. Patni came up with
the idea of importing multi user server systems and selling computer time. Eventually, an
agreement with US based computer manufacturer Data General to supply computer
systems through satellite links helped create Patni Computer Systems in 1978. The
company was incorporated in India on 10 February 1978 under the Indian Companies
Act, 1956.
Around the same time Naren Patni had the idea of software development opportunities
from Data General to be delivered from India. And they got the projects! Mr. Patni’s
dream of leveraging India as a high quality and low cost delivery base became a reality
when in 1986 India’s first ODC (Offshore Delivery Centre) for Data General was set up.
This was the start as Patni successfully initiated and developed the outsourcing business
model – which flourished into one of the largest industries worldwide, connecting the
world in ways that was unimaginable some time ago.[4]
During the early 1990s the company was too focused on its hardware market and couldn’t
leverage the growth of software opportunities. It was then that Naren Patni roped in
consulting group McKinsey to recommend how to scale up their business. The firm
recommended massive restructuring of the organization into strategic business units
based on market segments and technological expertise supported by horizontal groups.
From an 80 crore company in 1996, the company’s revenues have grown to 656 million
USD till 2009.
Global Expansion
The company’s global expansion began when they set up an office in London UK in
1993. It was followed by a surge of expansion in different parts of United States as well
as in various European and Asian countries including Japan. Along with offices pan-
India, now Patni has 28 offices worldwide to help service regional customers better.
This expansion was not just geographical. Across the years, Patni has added various
services to their offerings as well as practices like engineering services, enterprise
application solutions, e-business solutions, BPO services and so on. They have acquired
companies like The Reference Inc, Cymbal Corporation, ZAiQ Technologies, Taratec,
Logan Orviss and very recently CHCS. Patni collected various accreditations like ISO
9001:2000, CMM Level 5 and P-CMM Level 3 certifications and integrated Six Sigma
techniques.
IPO
Soon after implementing McKinsey’s restructuring, a model that would be adopted later by most competitors, Naren Patni took a very important decision. He decided to invite Merrill Lynch to act as advisor for their Initial Public Offering (IPO). According to their analysis, Patni had all the trappings to attract private investments – critical mass, proven track record and stable customer base. By a combination of coincidences General Atlantic, a global leader in private equity investment, was looking for a suitable Indian software player to invest in and invested US $ 100 million in September 2002. Patni underwent an IPO on February 2004 which was oversubscribed 22 times. They are currently listed on Bombay Stock Exchange (BSE), National Stock Exchange (NSE), India and New York Stock Exchange, US.[4]
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.[9] This acquisition also allowed Patni to spread its Non-GE Business,
and added a development center in Hyderabad, India.
In December 2005, Patni listed its ADRs on the New York Stock Exchange (NYSE)
under the ticker PTI.[10] The board of directors includes chairman Narendra Patni .
Patni Knowledge Park
Patni’s first foray into a ‘knowledge park’ was when Patni Knowledge Park opened its
gates in September 2006 in Airoli near Mumbai, India. Its design combines the open
ambience of the college with the professional efficiency of a technology / knowledge
park.
In 2008, Patni launched its first Green IT-BPO knowledge centre in Noida, India. The
state-of-the-art environment-friendly facility complements the organization’s green
initiatives around efficient utilization and conservation of energy, water and natural
resources. The centre is spread over 5 acres (20,000 m2) and has a seating capacity of
over 3500. Later the same year, it was awarded the prestigious LEED Platinum
(Leadership in Energy and Environmental Design) rating for its Green IT-BPO Centre
inaugurated earlier this year in Noida. This makes the Patni Knowledge Centre the
second largest Platinum rated building in the world, and the largest Platinum rated
building outside the United States.
Patni knowledge park
Jeya Kumar as CEO
As a next step forward heralding a new future, on 18 December 2008, the company
announced the appointment of Mr. Jeya Kumar as Chief Executive Officer. Jeya Kumar,
who joined Patni in Feb 2009, was hired by Naren Patni after 2 years of global search to
find the ‘right man’ for the job.
Patni’s move is significant. It is one of the rare instances in India where a family is
ceding management control to a professional. For the new CEO the future of the
company is in innovation. Patni was a pioneer in the off-shoring sector - They want to
recreate that magic by concentrating on businesses that are difficult to replicate.
In the last year, Patni has taken various steps to move up the value chain and develop the
onsite-offshore Global Delivery Model to a 3-tier model. At the very outset, the new
CEO brought in his A-team of senior and experienced professionals, infusing a new way
of thinking into the company.
Since then Patni has been in the news for their focus on micro-verticals, diversifying into
emerging geographies and new client wins. Some of the large ones being opening of near
shore centers in Mexico and Texas, along with the acquisition of CHCS Services, Inc.,
creating a new hub for Patni in Pensacola (Florida), winning the largest deal in the
company’s history with UAM, a JV in Japan with JR Kyushu amongst others. Patni
recently won the largest deal in the company’s history - a multi-million dollar, five-year
agreement for providing end-to-end policy administration services for Universal
American. The deal according, to media reports, was touted at 200Mn$ and is a sign of
Patni making its mark in the big league.
Our Vision & Values
“To be a trusted partner, powered by passionate minds, creating innovative options to excel.”
PassionZeal to exceed expectations by challenging the status quo.
Honesty & IntegrityDriving all actions based on openness, trust and ethical conduct.
Operational ExcellenceStriving for excellence with an operating discipline, benchmarked with the best globally.
InnovationCreating innovative solutions for success.
AccountabilityTaking ownership and delivering on commitments.
Customer CentricityEnsuring customer delight. Always.
Patni Noida Courtyard
Patni Chennai
Patni US
Patni UK
NET INCOME
Net income is the residual income of a firm after adding total revenue and gains and
subtracting all expenses and losses for the reporting period. Net income can be distributed
among holders of common stock as a dividend or held by the firm as an addition
to retained earnings. As profit and earnings are used synonymously for income (also
depending on UK and US usage), net earnings and net profit are commonly found as
synonyms for net income. Often, the term income is substituted for net income, yet this is
not preferred due to the possible ambiguity. Net income is informally called the bottom
line because it is typically found on the last line of a company's income statement (a
related term is top line, meaning revenue, which forms the first line of the account
statement).
The items deducted will typically include tax expense, financing expense (interest
expense), and minority interest. Likewise, preferred stock dividends will be subtracted
too, though they are not an expense. For a merchandising company, subtracted costs may
be the cost of goods sold, sales discounts, and sales returns and allowances. For a product
company advertising, manufacturing, and design and development costs are included.
NATURE (SERVICE) OF PATINI
Patni has an excellent track record of developing long-term customer relationships. Following is a snapshot of some of our engineering engagements, of which most have been ongoing for several years:
For over seven years, Patni has been providing, drafting, detailing, modeling, and engineering analysis services to this customer, engaged in design and manufacture of marine diesel engines for container freight ships. We have successfully delivered projects that have enabled the customer to migrate designs of existing engine to the next generation engines within the decided timeframes.
We have provided ‘end-to-end’ product design services to enable our customer - a leading provider of liquid chromatography equipment, to redesign an archaic product to meet current requirements in terms of functionality, aesthetics, and most importantly performance. Our services included conceptualization, design, analysis, and prototyping. The newly designed product can be classified as a well-designed mechatronic product as it included mechanical design, electronics, and software controls.
We have been providing CAD and PLM services to one of the largest manufacturers of elevators. Our engagement includes management of more than 350,000 objects, shared across R&D centers located in 5 different countries. We were involved in the initial phase of Windchill implementation and this has been extended to post-implementation support. We conducted requirement analysis, scoping and documentation, preparation of the project management plan and project schedule, PDMlink installation, configuration and
setup, mapping of business requirements to PDMlink system, development of business logic using Symantec Visual Café and HTML Template Processors, integration with Wildfire 3, external vaulting – vault creation and defining vaulting rules, test and roll out the system
For over 8 years, Patni has been providing GIS Application maintenance services to one of the largest electric utility companies in the US. Patni has effectively implemented the onsite-offshore model that has enabled the customer to save substantially on the maintenance cost.
Patni has digitized over 2 million miles of road network from rural areas across 22 US states and has repositioned over 4.5 million segments from detail city areas to their actual position as seen on the orthophotographs. Patni has also delivered over 2 million kilometers of road navigation features for countries in Western Europe.
Patni has been providing document conversion services to a large Japanese conglomerate for over 12 years. We convert paper manuals as well as electronic manuals. We have delivered manuals in HTML, SGML, XML, and PDF format. We have developed a number of utilities, including customization of Optical Character Recognition software tools, to automate conversion tasks.
Patni has provided services to convert technical manuals to a leader in the semiconductor equipment manufacturing business. These technical manuals contained text, images, flowcharts, and engineering schematics. Patni was responsible for conversion of text from FrameMaker to HTML & PDF format, drawings in Pro/E and AutoCAD format, and conversion of 3D models of assemblies into 3DF format, using ModelPressPublisher, for viewing (with ModelPress - freely downloadable plug-in) in HTML pages.
IT Services
More than ever, CXOs are under pressure to make sure technology investments improve their company's competitive position and boost the bottom line. With global sourcing of IT emerging as a highly effective option for achieving these goals, many organizations are implementing "active sourcing programs" to select and manage a roster of best-of-breed IT offshore service vendors. Several Fortune 1000 companies have chosen Patni as a strategic partner to help them manage key areas of IT, due to our deep capabilities in industry verticals, technical strengths and innovative, flexible service delivery.
Patni's integrated network of developed facilities is complemented by onsite, offshore and nearshore capabilities in major international markets. This has helped our clients choose solutions that meet their global sourcing needs. For example, our global delivery service capability helped the Carphone Warehouse group enhance its competitiveness by providing it the access to a large resource pool with industry and technology experience.
Patni has helped numerous clients meet their global sourcing needs by helping them identify, evaluate and configure their IT architectures across multiple geographies to reduce costs, mitigate risks and maximize performance.
With excellent technical skills and many years of experience in delivering end-to-end IT services and solutions, Patni has developed strong domain capabilities in the following industry verticals:
Insurance & HealthcareLife & Annuities | Property & Casualty / General Insurance | Healthcare
Banking & Financial ServicesAsset Management & Securities | Banking | Benefits Administration
ManufacturingConsumer Products | Hi-Tech Engineering | Industrial | Products Food & Beverages | Paper & Pulp | Pharmaceuticals
TelecomOSS/BSS across | Wireframe | Cable | NextGen Services | VoIP | 3G | MVNO
Product Engineering ServicesAutomation & Control | Automotive | Consumer Electronics | Medical Devices | Mobile & Wireless | Office Automation | Storage, Networks & Computing
ISVsCore Software Product Engineering | Product Lifecycle Management Sustenance | Engineering & Maintenance Support | Implementation Support Services
Life SciencesRegulatory Compliance/Quality Management | Enterprise IT | Drug Safety & Clinical Solutions | LIMS & Lab Informatics
RetailB2C | Merchandising Systems | Legacy Maintenance | IT Infrastructure Management | Web Enabling & Legacy Integration | CRM & DWH | B2B | RFID | Legacy Enhancements | Kiosks & Handhelds | Financial & ERP Systems | Supply Chain & Warehouse
Logistics & TransportationGoods (Freight) Transportation | Passenger Transportation | Logistics
Energy & UtilitiesField Services | Customer Information System/CRM | Metering Solutions | Work Force Management | Outage Management | Billing & Tariff Management | Data Acquisition | Usage Measurement | Account Management | Metering System Solutions
Media & EntertainmentBroadcasting | Online Gaming | Publishing & Content Processing
BRANCHES OF PATNI
S.No. Location Type Address1 Registered Office S-1A, F-1, Irani Market Compound, Yerawada
Pune , Maharashtra - India
PinCode :411006 Phone :020-26613457 Fax :020-26613457
2 Corporate Office Akruti Softech Park, MIDC Cross Road No. 21, Andheri (E) Mumbai , Maharashtra - IndiaPinCode :400093 Phone :022-66930500 Fax :022-28321750
3 Branch Office Guna Building 304-305 Anna Salai Teynampet Chennai (Madras) , Tamil Nadu - IndiaPinCode :600018 Phone :044-24313261 Fax :044-24313266
4 Branch Office A-78/9, GIDC Electronics Estate, Sector 25 Gandhinagar , Gujarat - IndiaPinCode :382016 Phone :79-23287000 Fax :79-23287007
5 Branch Office Patni Knowledge Center, 139, 140, A Block, Noida Special Economic Zone (NSEZ) Noida , Uttar Pradesh - IndiaPinCode :201305 Phone :120-3326000 Fax :120-3326200
6 Branch Office 142 E&F, B Block, Noida Special Economic Zone (NSEZ) Noida , Uttar Pradesh - IndiaPinCode :201305 Phone :120-3324000 Fax :120-3324799
7 Branch Office Unit 5-8, Electronic Sadan III, MIDC, Bhosari Pune , Maharashtra - IndiaPinCode :411026 Phone :020-27105000 Fax :020-27121882
8 Branch Office EL 31/10 "J" Block MIDC Bhosari Pune , Maharashtra - IndiaPinCode :411026 Phone :020-39856000 Fax :020-27123396
9 Branch Office 148 Mumbai Pune Highway Pimpri Pune , Maharashtra - India
PinCode :411018 Phone :020-27426111 Fax :020-27426117
10 Branch Office Maximus Towers `2B', III & IV Floors, Raheja Mindspace IT Park, Software Units Layout, Madhapur Hyderabad , Andhra Pradesh - IndiaPinCode :500081 Phone :040-30715000 Fax :040-30715001
11 Branch Office 43, Electronics City, Phase 1, Hosur Road Bangalore , Karnataka - IndiaPinCode :560100 Phone :080-41902100 39102100 Fax :080-28527150
12 Branch Office Level 0,1,2,5 & 6, Tower III, Cyber City, Magarpatta City, Hadapsar Pune , Maharashtra - IndiaPinCode :411013 Phone :020-39842000 Fax :020-39842082
13 Branch Office Survey No. 438 CTS No. 265322655 Mumbai-Pune Highway Kasarwadi Pune , Maharashtra - IndiaPinCode :411034 Phone :020-39844000 Fax :020-27127967
14 Branch Office Building Nos - 104, 305 & 306, Sector No. II, Millennium Business Park, Mahape New Mumbai , Maharashtra - IndiaPinCode :400710 Phone :022-27783600 Fax :022-27781086
15 Branch Office Unit 141 & 151 4th Floor, International Infotech Park Tower No. 1 Vashi New Mumbai , Maharashtra - IndiaPinCode :400705 Phone :022-55910849 Fax :022-55910855
16 Branch Office Sipcot IT Park, Old Mahabalipuram Road, Siruseri Chennai (Madras) , Tamil Nadu - IndiaPinCode :603103 Phone :044-47444444 Fax :044-47444445
17 Branch Office 55, SDF II, SEEPZ, Andheri (E) Mumbai , Maharashtra - IndiaPinCode :400096 Phone :022-28291454 Fax :022-28292764
18 Branch Office Electronic Sadan No . III TTC Industrial Area Mahape New Mumbai , Maharashtra - IndiaPinCode :400701 Phone :022-27637000 Fax :022-27619602
19 Branch Office 5Q4-A1 & A2, Cyber Towers, Hitec City, Madhapur Hyderabad , Andhra Pradesh - IndiaPinCode :500081 Phone :040-44886000 Fax :040-44886002
20 Investor Service Centre Akruti Softech Park, MIDC Cross Road No. 21, Andheri (E) Mumbai , Maharashtra - IndiaPinCode :400093 Phone :022-66930500 Fax :022-28321750
21 Office Patni Computer Systems Ltd. Indian Filial Knarrarnasgatan 7,16440 64 40 Kista , Not Specified - SwedenPinCode :0 Phone :8-52291845 Fax :8-52291846
22 Overseas Office Patni Computer Systems Japan Branch Kudan Center Building 1F 4-1-7,Kudan-Kita, Chiyoda-ku Tokyo , Not Specified - JapanPinCode :1000000 Phone :3-32228031 Fax :3-32228030
23 Overseas Office Suite 205, 530 Little Collins Street, Melbourne Melbourne , Not Specified - AustraliaPinCode :0 Phone :3-99097981 Fax :3-99097788
24 Overseas Office Level 20, 99 Walker Street North Sydney NSW 2060 Sydney , Not Specified - AustraliaPinCode :0 Phone :2-96571010 Fax :2-96571011
25 Overseas Office Level 40, 140 William Street Melbourne VIC Melbourne , Not Specified - AustraliaPinCode :3000 Phone :3-96078371 Fax :3-96078282
26 Overseas Office Korea Branch Anam Tower 1622 Yeoksam Dong 702-10 Gangnam Gu Seoul , Not Specified - Korea (South)PinCode :135081 Phone :2-20092777 Fax :2-20092778
27 Overseas Office 4th Floor, Aoyagi Building Chuo 5-39-11 Nakano-ku Tokyo , Not Specified - JapanPinCode :2000000 Phone :3-53281952/53/54 Fax :3-53281951
28 Overseas Office Beech Avenue 54-80 1119 PW Schiphol-Rijk Not Specified , Not Specified - Holland/The NetherlandsPinCode :0 Phone :20-6586158 Fax :20-6586111
29 Overseas Office Patni Computer Systems GmbH: Excellent Business Center, Bockenheimer Landstraáe 17/19 Frankfurt , Not Specified - GermanyPinCode :60325 Phone :69-710455231 Fax :69-710455450
30 Overseas Office Indien Filial, Kista Entre Knarrarnasgatan 7-9 Kista , Not Specified - SwedenPinCode :16440 Phone :9-47307240 Fax :9-5865030
31 Secretarial Office Akruti Softech Park, 7th Floor, MIDC Cross Road, No 21, MIDC, Andheri (East), Mumbai , Maharashtra - IndiaPinCode :400093
CAPABILITY MATURITY MODEL(CMM) LEVEL
Patni Assessed at SEI-CMMI Level 5Demonstrates Patni’s strong commitment to maintain the highest qualitystandardsMumbai — March 11, 2004 — Patni Computer Systems Ltd., India’s 6th largest IT services company*,today announced that the company has been assessed at Level 5 of the Capability Maturity ModelIntegration (CMMI SE/SW version 1.1) for all its development centers in Mumbai & Navi Mumbai after arigorous month-long SCAMPI assessment by KPMG, India.With this implementation, Patni has obtained a 17% improvement in predictive capability withrespect to Project Schedule and Cost and a 12% improvement in delivered quality. This is over andabove the significant productivity and quality improvements that Patni has achieved over the years inits quality journey from ISO 9001 in 1995 to CMM Level 5 in 2000.The CMMI model has added more than 100 new practices to the existing practices in the previous CMMmodel. The model demands greater rigor in Risk Management and Structured Decision making. CMMIstrengthens the Software Engineering practices related to understanding Customer Requirements andselecting the best solution from Alternative Designs. It treats measurements in a holistic way so as tolink sub-process metrics to Business Objectives, thereby providing early warnings about softwareprojects that may need attention, proactively.Commenting on the assessment, Satish Joshi, Sr. Vice President – Patni said, “Adoption of frameworkssuch as CMMI demonstrate Patni’s strong commitment to maintain the highest quality standards and todeliver measurable business benefits to its clients.”“As the framework assesses an organization's ability to develop solutions tailored to the business enduser,the Level 5 assessment attests Patni’s deep capabilities in architecting end-to-end, processdrivenbusiness solutions for its clients.” said KPMG’s V Kannan, SEI Authorized Lead Assessor.About CMMIThe CMMI model is the latest Quality model for Software developed by the Software Engineering
Institute (SEI) at Carnegie Mellon University in Pittsburgh. CMMI is a significant improvement on theearlier CMM model. The Software Engineering Institute (SEI) realized a need to update their CMM modelto take into account some of the areas they had felt needed strengthening. The result was CMMI thatcombined Software Development, System Integration and Integrated Product and Process Development.The new CMMI is more exhaustive and stringent as compared to CMM. To give an example CMMI has 24process areas compared to 18 of CMM and 460 practices as compared to 316 in CMM. The key areas thathave been introduced are requirements development, use of operational scenarios, shared team Vision,design alternative evaluation, quantitative management at project level, to name a few.*Source: NASSCOM’s “Strategic Review 2003, The IT Industry in India”Page 2 of 2About Patni:Patni Computer Systems Limited (BSE: PATNI COMPUT, NSE: PATNI) is a global IT Services providerwith a turnover of USD 251m. Founded in 1978 and headquartered in Mumbai – India, Patni has 22 salesoffices across Americas, Europe and Asia-Pacific and delivery centres across 6 cities in India. Employingover 7000 employees, Patni’s development centres maintain ISO 9001:2000 certification, PCMM Level 3(assessed enterprise wide), SEI-CMM Level 5 and SEI CMMI Level 5 assessments.Listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in India, Patni hasregistered a compounded annual growth of 41% in the last five years and has over two decades ofexperience in the IT industry with service offerings that include application development andMaintenance; enterprise application systems; enterprise systems management; Embedded TechnologyServices and other services.Patni has expertise in the insurance, financial services and manufacturing industries and is building itsknowledge in other industries.Committed to quality, Patni adds value to client businesses through well-established and structuredmethodologies, tools and techniques backed by Six Sigma processes.
EMPLOYERS AND HIERARCHY OF EMPLOYEES
Patni Ranked #7 Preferred Employer in DQ-IDC’s Best Employer Survey 2009
Makes significant leaps across categories to rank at #16 among the Best IT Employers
Mumbai, Sept. 10, 2009: Patni Computer Systems (BSE: PATNI COMPUT, NSE: PATNI, NYSE: PTI), a leading global IT and BPO services provider, today announced that it has been conferred the #7 Preferred Employer rank in DQ-IDC’s Best Employer Survey 2009 based on an industry-wide employee satisfaction survey. The company was also ranked #16 Best IT Employer after a comprehensive analysis of HR policies across the industry. This rank is significant as it indicates a jump of 13 places from last year for Patni.
The criteria for evaluation for the rankings were two-fold i.e. 1) employee satisfaction and 2) company initiatives and programs. The survey attributes Patni’s high ranking to a multitude of factors, prominent among which are the several new initiatives on the training front and industry-academia collaboration. In the past year, Patni’s focus has been to enhance these initiatives through the launch of various programs such as Patni Learning Edge (PLEdge), Leadership Excellence at Patni (LEAP) and Patni Academy for Competency Enhancement (PACE).
Says Mr. Rajesh Padmanabhan, Executive Vice- President and Head – Global Human Resources, “We are elated by the DQ-IDC rankings and thank our employees for their participation and recognition. It is a true testament to Patni’s efforts over the years to offer its employees a conducive work environment in addition to skills development programs that allow them to excel in everything they do. While we continue to invest in our business; people and their progress are important for the evolution of the organization as a whole.”
Patni is known for its exemplary HR policies and training framework which are holistic in their approach to talent management. They rest on the four pillars of Skills Augmentation (Training), Employee Relations (counseling, grievances cells), Academic Collaborations (such as PLEdge) and Celebrating Success (awards and recognition programs such as the CEO Club).
About Patni Computer Systems Ltd: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 14,500; 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.
RECRUITMENT AND SELECTION PROCESS
Patni Computers visits NIT Agartala & CUSAT, Kochi recently on 21st and 20th Dec, 2010
NIT Agartala:
Patni Submit recently visits NIT Agartala for recruitment and selected 24 students.
Offer by the company:
Eligibility: B.TechSalary: CTC- 3.25(Approx.) LPADate Of Visit: 21st Dec, 2010Bond: Mumbai(2 years)
Placement Process Detail:The process followed by Patni Computers was:
1) Written test 2) Personal Interview
Written test:Aptitude paper with 3 sections with 20 mins of each section
Interview:
Most frequently questions asked was tell me about yourself.
After Interview finally 24 offers were made
CUSAT Kochi:
Offer by the company:
Eligibility: B.TechSalary: CTC- 3.25(Approx.) LPA
Date Of Visit: 20th Dec, 2010Bond: Not DisclosedTotal Offers: 37
Placement Process Detail:
The process followed by Patni Computers was:
1) Written test 2) Personal Interview
Written test:Aptitude paperPaper contain questions from:Logical reasoning, quantitative, verbal, comprehension.
Total 50 questions.
Questions are on:
(1). Blood relation
(2). There are two kinds of people in a city. One who always says truth called Truth and others who always lie.
Some questions are based on like1. Appu says” he is traunt but kappu is not” what are appu and kappu?a. traunt , traunt b. traunt laurant c. laurant traunt d. laurant laurantAnd there are many more like this.
3. There is a puzzle relating the treasure in the box.
(3) Many questions were from reasoning and puzzles
(4) One stats or data interpretation question. A diagram was given with certain values and 5 questions were asked upon them
(5) Some question on English.. To find erroneous part in a statement …some more.. And a passage with questions on them. The passage was quiet hard as there were no direct questions in spite they are inference based like “what author want to say”... ” what author want to infer from the passage”…”what is suitable title for passage” and many more like that.
Interview:
Most frequently questions are:
Technical:
Mainly to write C, C++ programming questions.
What is SDLC?
Explain various Software Engineering Models?
Basic C Questions related to array, pointers.
HR:
1. Why you want to join Patni?
2. What do you know about Patni?
3. Will you work outside India?
After Interview finally 37 offers were made
TURN OVER
Patni Computer Systems Ltd. is one of the leading global providers of information technology services and business solutions. It delivers high quality and cost-effective IT services to customers; it has partnerships with over 180 companies worldwide.
Clients: Over 12,000Sales Offices: 21Chairman & CEO: Narendra K Patni Executive Director(s): Gajendra K Patni , Ashok K Patni
Industries Served: Insurance, Financial Services, Manufacturing, Telecom, Independent Software Vendors (ISVs), Product Engineering, Retail, Media and Entertainment, Energy and Utilities, Logistic and Transportation.
Quarterly Results (Rs. in Millions) Dec 2006 (4th Quarter):
Sales Turnover 2679.08
Other Income 111.2
Total Income 2790.28
Total Expenditure 1517.53
Operating Profit 1272.75
Interest -0.95
Gross Profit 1273.7
Depreciation 208.46
Tax 43.08
Reported PAT (Profit after Tax) 1022.16
(From Economic Times)
Financial Results: 31 December 2009 31 December 2008 (Rs. in million) (Rs. in million) Sales 17,349 15,410 Resulting in Profit Before Tax 5,818 4,133 Profit After Tax 5,427 3,891 Profit available for appropriation after adding to it Previous Year’s Brought Forward 20,886 16,298
Appropriated as under: Adjustment on account of employee benefits -- -- Transfer to General Reserve 543 389 Final Proposed Dividend on Equity Shares @ 150% (Previous Year 150 %) 387 384 Corporate Tax on above Dividend 66 65 Balance Carried to Balance Sheet 19,890 15,459
SUGGESTION
the company is growing and the opportunity to grow individually is becoming difficult. continue to do the best you are doing. expand and allow an opportunity for the employees to work an new innovative technologies and projects.
REFERENCE
MR. K. GOPAL KRISHNA
(Developer in patni computer systems ltd. Hyadrabaad)
CONCLUSION
The performance of your Company during the year under report has shown improvement over the previous year. Total revenue for the year ended 31 December 2009 amounted to Rs. 17,349 million as against Rs. 15,410 million for the corresponding period last year, registering a growth of about 13%. The Company has posted the Net Profits after tax to Rs. 5,427 million as compared to Rs. 3,891 million for the corresponding period last year, registering a growth of about 39% for the year ended 31 December 2009. Even on consolidated basis, revenues were increased in the current year 2009 by 0.92% to Rs. 31,461 million from Rs. 31,173 million in 2008.The net income increased by 34%.
According to the report, the beginning of the new decade heralds the slow, but steady end of the worst recession in the past 60 years. Global GDP, after declining by 1.1%in 2009, is expected to increase by 3.1%in 2010,and 4.2% in 2011,with developing economies growing thrice as fast as the developed economies. Improving economic conditions signifying return of consumer confidence and renewal of business growth, is expected to drive IT spending going forward. IT services is expected to grow by 2.4% in 2010, and 4.2% in 2011 as companies coming out of recession harness the need for information technology to create competitive advantage.