Patni Computer Systems Ltd.

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Patni Computer Systems Ltd.

Company description

Patni Computer Systems Ltd., is one of the leading global providers of Information Technology services and business solutions. It is India’s sixth largest software company with revenues in excess of US$ 550 million. Patni has registered a compounded annual growth rate of 45%, in the last five fiscal years. Patni has 3 decades of experience in the IT industry and a task force of 12000 highly qualified professionals.

Patni has significant expertise in the fields of Embedded Software Development, eBusiness and Enterprise Application solutions, GIS, Migration & Re-engineering, Enterprise Management & Maintenance and Business Process Outsourcing. The Manufacturing, Insurance, Finance & Banking, Energy & Utilities, Retail, Healthcare and Hospitality industries form the vertical focus areas for Patni.

Patni adds value to client businesses through well-established and structured methodologies, tools and techniques backed by Six Sigma processes. All Patni centres have been awarded the ISO 9001:2001 Certification. Patni is the largest company in the world which has all its development centres SEI CMM Level 5 as well as P-CMM Level 3 Assessed.

Awards and Recognitions

The company has got several awards in 2006. Few of them are-

• “Frost and Sullivan Customer Service Leadership Award” in the IT services market for 2006.

• Rated 1st among the “ Top 5 Engineering Service Providers”, 2nd among the “ Top Leaders in Human Capital Development” and 6th among the “ Top 10 Best Performing IT Service provider.

• Received the Jamnalal Bajaj Fair Practices Award for 2006, bestowed by the council of Fair Business, Mumbai.

General Information

Patni Computer Systems Limited was incorporated as Patni Computer Systems Private Limited on February 10, 1978. 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 US$78 million. Cymbal's acquisition allowed Patni to enter $60 billion IT services market in the telecom vertical. In December 2005, Patni listed its ADRs on the New York Stock Exchange (NYSE) under the name PTI.

Current Shareholding Pattern of the company-

43.97 % of the total shares of the company are with promoters and promoter groups amounting to a total of 60,972,802 shares.

30.98 % of the shares are under public shareholding amounting to a total of 42,952,584 shares.

25.05 % of the total shares are held by custodians, against which Depository Receipts have been issued amounting to a total of 34,737,964 shares.

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