Mumbai, 06 September 2007: Patni Computer Systems (BSE: PATNI COMPUT, NSE: PATNI, NYSE: PTI) announced the appointment of Rajesh Padmanabhan, a senior industry executive, as EVP and Global Head of Human Resources.
Announcing the appointment, Mrinal Sattawala, COO, Patni said, “With the growing challenges in managing a multi-cultural workforce and fierce competition in hiring from the limited pool of employable resources available in the country today, the Human Resources function is key to our organizational success. As we continue to scale up our global operations, we are pleased to have Rajesh on our leadership team, to spearhead this endeavour. His vast people management experience makes him a valuable asset for Patni.”
Commenting on his appointment, Rajesh Padmanabhan, Executive Vice- President and Head – Global Human Resources said, “The Indian IT industry is grappling with human capital issues today and I am delighted to drive this challenge of evolving people strategies. I am excited to be a part of this cerebral industry, where there is convergence of intelligent, emotional and cultural quotient. Patni provides me a great canvas to give shape to a high-competency based human capital model for the company.”
Rajesh has over 22 years of industry experience spanning the IT, hospitality, financial services and manufacturing industries. Prior to joining Patni, Rajesh was Executive Vice-President with the Oberoi Group responsible for group Human Resources and the Oberoi Centre for Learning & Development. He has also worked with Essel Propack and 3i Infotech as Vice-President – Human Resources. Rajesh started his career with the ICICI Group where he worked in different roles in systems, wholesale banking and human resources. He holds MBA degrees in HR and Finance from the University of Mumbai.
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 caters to its clients through its industry-focused practices, including insurance, financial services, manufacturing, life sciences, telecommunications and media & entertainment, and its technology-focused practices.
With an employee strength of over 13,000; multiple global delivery centres spread across 12 cities worldwide; 21 international offices across the Americas, Europe and Asia-Pacific; Patni has registered revenues of US$ 579 million for the year 2006.
Patni’s service offerings include application development and maintenance, enterprise application solutions, business and technology consulting, product engineering services, infrastructure management services, business process outsourcing, quality assurance and engineering services.
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.
For more information on Patni, visit 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.
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