* Awardee of the European Community Visitor Fellowship, 1993. “I was a horrible employee and could not live by anybody else’s rule. The first year of Syntel’s operation amounted to just $30,000 in revenue, but soon it scored a major client in General Motors Co. in 1982. Atos agreed in July to acquire Syntel for $3.4 billion in a cash deal. Desai became a U.S. citizen in 1985. He is of Gujarati Indian origin. Bharat Desai was born in November 1952, in Kenya. Bharat.Desai@cdu.edu.au. Desai received a bachelor's degree in electrical engineering from the Indian Institute of Technology Bombay and an MBA in finance from the Stephen M. Ross School of Business. Head of School - Tourism, Hospitality and Service Industries Organisation. 1155 Gratiot Avenue
In the late 1980s, Syntel was early to capitalize on outsourcing information-technology work to India, taking advantage of the low labor costs and educated workforce as U.S. companies sought new ways to control costs while expanding globally in the information age. Email. Desai learned what worked and what didn’t at Tata and quickly grew his information technology and outsourcing company as the internet age blossomed.
Detroit MI 48207-2997, Degrees deferred: MBA programs adapt to new way of doing business.
08 8946 7844. He was raise in Mombasa, Kenya and in Ahmadabad, India. So, the best way was to start my own company. Bharat earned his MBA in finance from Stephen M. Ross School of Business, University of Mi… Mr Bharat Desai Summary Position. While other similar firms went belly-up in the dot-com bust of the late 1990s, Desai’s discipline — and apparently his wife’s toughness — stabilized the company through industry trends as it maintained a client list dominated by global conglomerates.
In his childhood, he lived in Mombasa and Ahmedabad. Neerja Sethi, Bharat Desai’s future wife met each other while working for Tata Consulting Services. Bharat Desai founded IT consulting and outsourcing company Syntel with his wife Neerja Sethi from their apartment in Troy, Michigan in 1980. He took his Bachelor of Technology degree in electrical engineering from Indian Institute of Technology Bombay. The Kenyan-born electrical engineer immigrated to the U.S. in 1976, working as a temporary programmer for engineering and consulting firm Tata Technologies. In 1976, he went to the US as a programmer of the leading IT Company, Tata Consultancy Services. Syntel went public on the NASDAQ in 1997. Following protocols is best defense against employee liabilities, Editorial: Lawsuit protections right step for economy, Covered in case of COVID? Bharat Desai is an unlikely billionaire. Forbes ranked Syntel second on its “200 Best Small Companies in America” the same year of its initial public offering. Desai ranked 1,999th on Forbes Richest list before the close of the Atos deal with a net worth of $1.6 billion. The assignment was expected to last six months. Syntel, still based in Troy with global development centers in India, Scotland, Poland and the Philippines, and 76 percent of its billable workforce located in India, according to Syntel’s annual report, became an acquisition target for French IT firm Atos SE in 2018. Unemployment benefits fight highlights long-term economic pain, Whitmer OKs new 'emergency' rules for businesses during coronavirus pandemic, Stimulus chances dying as Mnuchin cites closeness of election, Little Caesars Arena to host NCAA men's basketball regional in 2024, Michael Lee on WJR: Weed sales soar | Rocket's stock market debut | What's Next, Weed industry thrives in COVID-19 economic drought, Michigan regulators to rescind law tying medical, recreational pot businesses, DIA: Third-party investigation finds no ethical violations by chair, director, Trudeau plans to keep Canada's borders closed until U.S. COVID-19 cases drop, Original developer sells 211 West Fort tower downtown after nearly six decades of ownership, Detroit native, UM alumnus among duo who win Nobel Prize for economics, Energy Department awards $4.7 million grant to Michigan electric grid cybersecurity project, DTE Energy weighs sale or spinoff of its non-utility units, sources say, Farbman Group joins DTE MIGreenPower on path to carbon reduction, savings goals, Nationwide PBS show 'Start Up' turns spotlight on Michigan entrepreneurs, From kitchens and spare bedrooms, home-based businesses in Detroit weather hard times, Founders of OneStream, Bloomscape among winners of EY Entrepreneur of the Year regional award, 2 Black-owned Detroit startups awarded $50,000 grants from Google, Farmington Hills alternative lender acquired by Wyoming community bank, Early childhood center on Marygrove campus nets $22 million financing package, Pandemic narrows Trinity Health's already slim margin, Growing Hoptimism: Hops growers in Michigan survive shakeout — and thrive, Detroit grocer startup renovating Jefferson Chalmers space crowdfunds for equity, A plan for all seasons: Restaurants prepare for days when outdoor dining isn't so fresco, Crain's health summit: COVID-19 researchers weigh in on advancements — and when we might go back to 'normal', Today: Social determinants of health, and their impact in COVID-19 crisis, to be examined at health summit, Michigan Legislature OKs COVID-19 business liability package, bills on nursing homes, unemployment, Michigan Supreme Court rules against Whitmer's use of emergency powers law in pandemic, On the hook for COVID? Make sure you don't miss a thing by subscribing to our newsletters. Vocational Education and Training, School of Service Industries, School Tourism, Hospitality & Service Industries Contact Details Phone. Bharat Desai was born in 1953 in Kenya.
My wife is the toughest board member.”. Desai and his wife controlled a 57 percent stake in Syntel, according to The Times of India, which means they walked away with upward of $2 billion when the deal closed Oct. 10. Helping you succeed in business since 1985. He founded Syntel Inc. in 1980 with his wife, Neerja Sethi, from their Troy apartment while completing his MBA from the University of Michigan. The Kenyan-born electrical engineer immigrated to the U.S. in 1976, working as a temporary programmer for engineering and consulting firm Tata Technologies. With a Crain’s Detroit Membership you get exclusive access, insights and experiences to help you succeed in business. Feast or famine: Federal farm payments yield uneven rewards — but for how long? Desai, 66, declined to participate in an interview about his rise to the upper echelons of metro Detroit entrepreneurship. * Awardee of the Alexander von Humboldt Fellowship 1998-99, May-July 2000, May 2001, June-July 2003, May-July 2006, September 2012, June-July 2014. “I always wanted to run a business of my own,” The Times of India reported Desai saying at an entrepreneur event in Delhi, India, in 2013. Now, 42 years later, Desai remains in the U.S. and is among the wealthiest Indian-Americans in the world after selling his company in a $3.4 billion deal this year. * Awardee of the United Nations/UNITAR Fellowship in International Law, 1988. House debates new liability protections for businesses, Manufacturing startups win cash at LTU event, Buyout interest in Oak Park-based electric truck startup Bollinger presents conflict, GMC to launch multiplatform ad campaign, $100 reservations for Hummer EV, Amazon reveals EV developed with Plymouth-based Rivian, NOMINATIONS CLOSED: Notable Veterans in Michigan, NOMINATIONS CLOSED: Notable Women in Design in Michigan, NOMINATIONS OPEN: Best-Managed Nonprofits, NOMINATIONS CLOSED: Crain's 2020 40 Under 40, Crain's Forum: The unprecedented logistical challenge of mail-in voting, 5 Republican clerks to Legislature: One more day to process absentee ballots is not enough, Absentee vote counting: How it works, step-by-step, Time crunch: Michigan's surge in absentee voting to test capacity of election workers, Corteva's agribusiness muscle grows in Michigan, Crain's Michigan Business: Lansing's capital ideas, Elderly Instruments plays a tune that draws musicians far and wide — and enters a 2nd generation, Judge: Flint must check for lead or galvanized water lines in newer neighborhoods, Judge: Feds can be sued for failures in Flint water crisis, State to settle Flint water crisis claims with residents for $600 million, Court: Flint class-action lawsuit can proceed over lead in water, State plans Detroit-to-Ann Arbor mobility corridor, Ford brings Brooklyn tech center on board in Corktown, gives construction update, Info kiosks, responsive transit app, bridge art project win Ford Corktown mobility challenge, Ford plans mobility testing site behind Michigan Central Station, Entrepreneur, nonprofit leader Brian Siegel makes ‘heartbreaking' decisions to stay afloat, Lineage Logistics CEO Lehmkuhl says acquisition tear not over yet, Neil Hawkins on the environment, arts and the Midland dam break, Michael Lee on WJR: Home-based businesses take off | Tricky times for farmers | Return of Pure Michigan, Michael Lee on WJR: Hotels fall behind on debt | Logistical challenges of mail-in voting | Mortgage giants in metro Detroit. The couple live on Fisher Island, a barrier island near Miami, the wealthiest ZIP code in the U.S., where the average annual income is $2.5 million, according to an April 2018 Bloomberg report. Last year, American Express, State Street Bank and FedEx Corp. accounted for 45 percent of its $924 million in revenue, ranking 27th on Crain’s list of largest publicly traded companies in Southeast Michigan. Location .
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