2600:8800:E05:7A00:3C7B:42E7:F912:4740 at 06:29, 22 August 2021

2021-08-22T06:29:31Z

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{{Use dmy dates|date=August 2018}}
{{Use Indian English|date=August 2018}}
{{Infobox person
| name = Nitin Rakesh
| image= Nitin_Rakesh_headshot.jpg
| caption =
| birth_date =
| birth_place = [[New Delhi]]
| death_date =
| death_place =
| networth =
| nationality = Indian
| religion =
|organization =Mphasis
| children =
| occupation = CEO of [[Mphasis]]
| alma_mater = [[Netaji Subhas Institute of Technology]]<br>[[SVKM's NMIMS]]
| website = {{url|https://www.mphasis.com/home/corporate/executivecouncil.html}}
}}

'''Nitin Rakesh''', an [[Indian-American]] businessman, author, and philanthropist, is currently the Chief Executive Officer and Director of [[Mphasis]]. Prior to that, Rakesh was [[Syntel]]'s CEO and President,<ref>{{cite web|title=Syntel appoints Nitin Rakesh as CEO and President|url=http://www.business-standard.com/article/companies/syntel-appoints-nitin-rakesh-as-ceo-and-president-114020700752_1.html|website=Business Standard India|accessdate=4 February 2017|date=7 February 2014}}</ref> as well as CEO and Managing Director of [[Motilal Oswal]] Asset Management Company Ltd., and as Chief Executive of [[State Street Bank and Trust Company|State Street Syntel Services]], a joint venture between [[Syntel]] and [[State Street Bank]].

==Early life and education==

Rakesh grew up in a small town on the outskirts of [[New 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 his [[Bachelor of Engineering|Bachelor's degree in Engineering]] (Computer Science) from [[Netaji Subhas Institute of Technology]].<ref>{{cite web|title=Nitin Rakesh joins Motilal Oswal Group as CEO-Asset Mgmnt|url=http://www.moneycontrol.com/news/business/nitin-rakesh-joins-motilal-oswal-group-as-ceo-asset-mgmnt_357589.html|website=Moneycontrol.com|accessdate=4 February 2017}}</ref> Rakesh completed his Master's in Management Studies from [[SVKM's NMIMS]], Mumbai in 1995. He is an alumnus of Harvard Business School's CEO Workshop.

==Career==

In his early career, Rakesh worked for [[Unit Trust of India]], setting up offshore [[mutual funds]] and a secondary Market Research Cell, Product Development and [[Risk Management]].<ref>{{cite web|title=Motilal Oswal AMC chief quits|url=http://www.thehindubusinessline.com/markets/stock-markets/motilal-oswal-amc-chief-quits/article3636163.ece|website=The Hindu Business Line|accessdate=4 February 2017|language=en|date=13 July 2012}}</ref> He also worked with TCG Group, a transnational [[private equity]] and investments firm as the Head of Banking & Financial Services Sales at TCG Software Services.

From 2002 to 2008, Rakesh was employed at [[Syntel]] in various capacities. During his tenure, he founded Syntel's [[Business Process Outsourcing]] practice, building it into a significant contributor to Syntel's overall revenue.<ref>{{cite web|last1=Novinson|first1=Michael|title=Mphasis Taps Ex-Syntel CEO Nitin Rakesh As Next Chief Executive To Drive Digital, Automation Growth|url=http://www.crn.com/news/channel-programs/300083557/mphasis-taps-ex-syntel-ceo-nitin-rakesh-as-next-chief-executive-to-drive-digital-automation-growth.htm|website=CRN Magazine|accessdate=4 February 2017|language=en|date=27 January 2017}}</ref><ref>{{cite web|last1=Kurup|first1=Rajesh|title=‘It’s an exciting time to be in the tech business’|url=http://www.thehindubusinessline.com/info-tech/its-an-exciting-time-to-be-in-the-tech-business/article5781426.ece|website=The Hindu Business Line|accessdate=4 February 2017|language=en|date=13 March 2014}}</ref> He was named Vice President and Head of B&FS BPO Operations at [[Syntel]] in February 2006. He was promoted to [[Chief Executive Officer]] of Syntel's [[joint venture]], State Street Syntel Services, where he led its India operations until 2008.<ref>{{cite web|last1=Palande|first1=Ravin|title=Motilal Oswal: The value miners|url=http://www.forbesindia.com/article/work-in-progress/motilal-oswal-the-value-miners/43975/1|website=Forbes India|accessdate=4 February 2017}}</ref>

In September 2008, he was named CEO and Managing Director of [[Motilal Oswal Group|Motilal Oswal Asset Management Company]] Ltd., a financial services company that specializes in [[exchange-traded fund]]s (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,<ref>[http://www.globaletfawards.com/2012/index.php 2011 ETF Awards], Global ETF Awards.</ref> and the "Most Innovative Mutual Fund, India" in 2010 at the [[CRISIL]] - S&P Mutual Fund Awards.<ref name="2011 ETF Awards">[http://www.crisil.com/about-crisil/crisil-mutual-fund-awards-winners.html#2011 2010 CRISIL Mutual Fund Award Winners], CNBC-TV18-CRISIL Mutual Fund Awards.</ref>

In September, 2012, he left Motilal Oswal to become President, Americas for Syntel, where he managed Business Development and Nearshoring Center for Syntel's [[North America]]n operations.<ref>{{cite web|title=Syntel Appoints Nitin Rakesh as President|url=http://www.dqindia.com/syntel-appoints-nitin-rakesh-president/|website=Dataquest|accessdate=4 February 2017}}</ref>

He was named CEO and President of [[Syntel]], in April 2014. He resigned [[Syntel]] on 4 November 2016 officially.<ref>{{cite web|last1=Novinson|first1=Michael|title=Syntel CEO Steps Down, COO Named As Interim Replacement|url=http://www.crn.com/news/channel-programs/300082717/syntel-ceo-steps-down-coo-named-as-interim-replacement.htm|website=CRN Magazine|accessdate=4 February 2017|language=en|date=4 November 2016}}</ref>

=== Mphasis ===

Rakesh was named CEO and Executive Director [[Mphasis]] on 29 January 2017. He took over from [[Ganesh Ayyar]].<ref>{{cite web|title=Mphasis was a jewel hidden in the HP family: new CEO|url=http://timesofindia.indiatimes.com/business/india-business/mphasis-was-a-jewel-hidden-in-the-hp-family-new-ceo/articleshow/56871405.cms|website=The Times of India}}</ref><ref>{{cite web|title=Continuity in acceleration is the focus, says new Mphasis CEO Nitin Rakesh|url=http://economictimes.indiatimes.com/tech/ites/continuity-in-acceleration-is-the-focus-says-new-mphasis-ceo-nitin-rakesh/articleshow/56871242.cms|website=The Economic Times|accessdate=4 February 2017}}</ref><ref>{{cite web|title=Mphasis to focus on continuity of biz, says CEO|url=http://www.deccanherald.com/content/593957/mphasis-focus-continuity-biz-says.html|website=Deccan Herald|accessdate=4 February 2017}}</ref>

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.<ref>{{cite web |title=Mphasis: Setting up for stronger growth ahead |url=http://www.forbesindia.com/article/special/mphasis-setting-up-for-stronger-growth-ahead/51095/1 |website=Forbes India |language=en}}</ref><ref>{{cite web |title=Continuity in acceleration is the focus: Mphasis CEO Nitin Rakesh |url=https://www.business-standard.com/article/companies/continuity-in-acceleration-is-the-focus-mphasis-ceo-nitin-rakesh-117013000480_1.html |website=Business Standard India |date=30 January 2017}}</ref>

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.

==Works/Publications==
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 academician 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.<ref>{{cite web |title=COVID gave birth to new kind of collaborations, says author Nitin Rakesh |url=http://www.newindianexpress.com/lifestyle/books/2020/dec/16/covid-gave-birth-to-new-kind-of-collaborations-says-authornitin-rakesh-2236924.html |website=The New Indian Express}}</ref>

==Awards and recognition==

* Bronze [[Stevie Awards|Stevie Award]] for “Tech Innovator of the Year” in May 2021 by the Annual American Business Awards® 2021<ref>{{cite web |title="Transformation in Times of Crisis" Honored as 2021 American Business Awards® "Best Business Book" |url=https://apnews.com/article/business-entertainment-technology-b28675a4e01239054a651a2da83cbbf8 |website=AP NEWS |language=en |date=7 June 2021}}</ref>
* Silver Stevie Award as Best Business Book - Transformation in Times of Crisis in May 2021 by the Annual American Business Awards®
* International Business Book of the year 2021 - Transformation in Times of Crisis in May 2021 by the Business Book Awards.<ref>{{cite web |title=Notion Press authors Nitin Rakesh and Jerry Wind win International Business Book of the Year Award 2021 |url=https://theprint.in/ani-press-releases/notion-press-authors-nitin-rakesh-and-jerry-wind-win-international-business-book-of-the-year-award-2021/667923/ |publisher=ThePrint}}</ref>
* Gold Stevie Award for Tech Innovator of the Year – Services in May 2019 by the American Business Awards & International Business Awards 2019<ref>{{cite web |title=Mpasis CEO wins America's premier business award |url=https://www.business-standard.com/article/news-ians/mpasis-ceo-wins-america-s-premier-business-award-119051700609_1.html |website=Business Standard India |date=17 May 2019}}</ref>
* Gold Stevie Award for Executive of the Year - Computer Services in May 2018 by the International Business Awards 2018, under the Management award category.<ref>{{cite web |title=Mphasis - Executive of the Year - Computer Services |url=http://stevieawards.com/iba/mphasis-executive-year-computer-services |website=Stevie Awards}}</ref>
*‘2018 Outstanding 50 Asian Americans in Business’ Award by the Asian American Business Development Center (AABDC)<ref>{{cite web |title=2018 Awardees |url=https://outstanding50award.com/2018-awardees/ |website=Outstanding 50 – Asian American Business Development Center}}</ref>

==Boards and Committees==
*Rakesh is an active member of various institutions globally, such as:
*US – India Strategic Partnership Forum (USISPF) driving financial services council and business relations between US and India
*NASSCOM as Executive Council and Chair of the IT Services Council, charted to future proof IT services industry
*Knowledge@Wharton, The Wharton School, University of Pennsylvania's advisory board, driving digital transformation discussions at grass root level
*Wall Street Journal (WSJ) CEO Council, to debate and formulate strategies to address the biggest issues facing global business and leadership
*Forbes Technology Council (FTC) as an industry expert and practitioner to advise Forbes’ readers globally on current as well as future technologies and trends.
*Ashoka University as a Trustee focusing on multidisciplinary liberal education.
*Plaksha University as a Founder and Trustee.

==Personal life==
Nitin and his family live in New York. He is an avid reader and [[Yuval Noah Harari]] in one of his favourite authors. His other interests also include tennis, cricket, vintage bikes, and automobiles.

==References==
{{reflist}}

== External links ==
* [http://www.btvi.in/videos/watch/21303/exclusive---challenges-for-new-mphasis-ceo Challenges for new Mphasis CEO] [[BTVI]]
* [http://economictimes.indiatimes.com/opinion/interviews/h1b-issue-industry-has-much-deeper-capabilities-says-nitin-rakesh-ceo-mphasis/articleshow/57182512.cms Industry has much deeper capabilities, says Nitin Rakesh, CEO, Mphasis] [[The Economic Times]]

{{DEFAULTSORT:Rakesh, Nitin}}
[[Category:Businesspeople from Delhi]]
[[Category:People from New Delhi]]
[[Category:Living people]]
[[Category:Apeejay School alumni]]
[[Category:Year of birth missing (living people)]]

Nitin Rakesh - Revision history

2600:8800:E05:7A00:3C7B:42E7:F912:4740 at 06:29, 22 August 2021