Meet Bharat Desai, former TCS employee sets up Rs 28,000 crore IT company
Meet Bharat Desai, former TCS employee sets up Rs 28,000 crore IT company,
Bharat Desai, a former TCS employee has set up an IT Consulting Company costing a whopping Rs 28,000 crores.
As of today, Bharat is a successful businessman and entrepreneur.
The 70-year-old co-founded IT consulting and outsourcing firm Syntel in 1980 with.his wife Neerja Sethi in their apartment in Michigan, US, with just $2,000 investment. He was the chairman of the firm, while his wife was the director of the company.
He is an American billionaire. His firm Syntel minted just $30,000 in sales in its first year. However, its annual revenue grew to more than $900 million by 2018. Later in October of the same year, French IT firm Atos SE bought Syntel for USD 3.4 billion (approx Rs 28,000 crore). The duo together held a 57 per cent stake in the company.
According to Forbes, he was on the 1929 number in the billionaire list in 2022. His real-time net worth is $1.5 billion (Rs 123810750000), according to Forbes. He is currently at the 1874th spot in terms of wealth. His source of wealth includes IT consulting, self-made and others.
Born in November 1952 in Kenya, Desai, now lives in Fisher Island, Florida with American citizenship. A Gujarati Indian origin he was raised in India. Later he moved base to US in 1976 as a programmer for the IT firm Tata Consulting Services (TCS). It was here, he acquainted Neerja, also a billionaire businesswoman.
The duo tied the knot years after meeting in the US. They have two children.
He is armed with a bachelor’s degree in electrical engineering from the Indian Institute of Technology (IIT) Bombay and also has an MBA in finance from the Stephen M. Ross School of Business.
Notably, Neerja Sethi, DU alumnus with Rs 8,200 crore net worth founded a billion-dollar company from her flat in US.
News Input K.V.Raman
