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Nitin Rakesh | |
|---|---|
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| Born | |
| Nationality | Indian |
| Alma mater | Netaji Subhas Institute of Technology SVKM's NMIMS |
| Occupation | CEO ofMphasis |
| Organization | Mphasis |
| Website | www |
Nitin Rakesh, anIndian-American businessman, author, and philanthropist, is currently the Chief Executive Officer and Director ofMphasis. Prior to that, Rakesh wasSyntel's CEO and president,[1] as well as CEO and Managing Director ofMotilal Oswal Asset Management Company Ltd., and as Chief Executive ofState Street Syntel Services, a joint venture betweenSyntel andState Street Bank.
Rakesh grew up in a small town on the outskirts ofNew Delhi and was active in sports and athletics. In high school, he was a Quiz master as well as an active member in student leadership. He completed his schooling from Apeejay School, Faridabad and St. Joseph's Convent, graduating in 1989.
He moved to Delhi to earn hisBachelor of Engineering degree in Computer Science fromDelhi Institute of Technology DIT (now Netaji Subhas University of Technology NSUT).[2] Rakesh completed his Master's in Management Studies fromSVKM's NMIMS, Mumbai in 1995. He is an alumnus of Harvard Business School's CEO Workshop.
In his early career, Rakesh worked forUnit Trust of India, setting up offshoremutual funds and a secondary Market Research Cell, Product Development andRisk Management.[3] He also worked with TCG Group, a transnationalprivate equity and investments firm as the Head of Banking & Financial Services Sales at TCG Software Services.
From 2002 to 2008, Rakesh was employed atSyntel in various capacities. During his tenure, he founded Syntel'sBusiness Process Outsourcing practice, building it into a significant contributor to Syntel's overall revenue.[4][5] He was named vice president and head of B&FS BPO operations atSyntel in February 2006. He was promoted tochief executive officer of Syntel'sjoint venture, State Street Syntel Services, where he led its India operations until 2008.[6]
In September 2008, he was named CEO and managing director ofMotilal Oswal Asset Management Company Ltd., a financial services company that specializes inexchange-traded funds (ETF) and separate accounts. During Rakesh's tenure, the company was named "Most Innovative ETF, Asia Pacific" at the 2011 ETF Awards in New York,[7] and the "Most Innovative Mutual Fund, India" in 2010 at theCRISIL - S&P Mutual Fund Awards.[8]
In September 2012, he left Motilal Oswal to become president, Americas for Syntel, where he managed Business Development and Nearshoring Center for Syntel'sNorth American operations.[9]
He was named CEO and President ofSyntel, in April 2014. He officially resignedSyntel on 4 November 2016.[10]
Rakesh was named CEO and Executive DirectorMphasis on 29 January 2017. He took over fromGanesh Ayyar.[11][12][13]
In the first year of taking on the mantle as the CEO of Mphasis, he introduced Mphasis’ C= X2C2 =1 TM formula for success, (hyper-personalization; drive n=1 powered by Cloud & Cognitive); driving multi-dimensions of business value with an integrated consumer-centric Front to Back Digital Transformation TM, enabling Business Operations, Technology Transformation and Service Transformation, driven by IP assets. Under Nitin's leadership, Mphasis set a record for the highest new deal wins in the history of the company, thus re-defining benchmarks and growing above industry rate.[14][15]
In early 2017, Rakesh was instrumental in the setting up of Mphasis Sparkles, an innovation lab, that offers startups a platform to showcase innovative solutions to large enterprises and incorporate such products into Mphasis solutions.
Nitin Rakesh has authored a book “Transformation in Times of Crisis – Eight Principles for Creating Opportunities and Value in the Post-Pandemic World.” with Jerry Wind, an internationally renowned and award-winning academic and the Lauder Professor Emeritus and Professor of Marketing at the Wharton School, University of Pennsylvania. The book was launched virtually on 3 December 2020 and outlines 8 principles businesses can use to make the most of opportunities in the midst of crisis. The book was dedicated to the COVID-19 heroes and proceeds from the sales went to Doctors with Borders and the Mphasis F1 Foundation.[16][citation needed]
Nitin and his family live in New York. He is an avid reader andYuval Noah Harari in one of his favourite authors. His other interests also include tennis, cricket, vintage bikes, and automobiles.