->JJMC89 bot III: Moving :Category:Indian Institute of Technology Madras alumni to :Category:IIT Madras alumni per Wikipedia:Categories for discussion/Log/2021 April 22#Category:Indian Institute of Technology Madras alumni

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Moving Category:Indian Institute of Technology Madras alumni to Category:IIT Madras alumni per Wikipedia:Categories for discussion/Log/2021 April 22#Category:Indian Institute of Technology Madras alumni

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{{short description|Indian technology businessman}}
{{Use dmy dates|date=February 2019}}
{{Use Indian English|date=February 2019}}
'''Phaneesh Murthy''' (Kannada: ಫಣೀಶ್ ಮೂರ್ತಿ) is an [[India]]n technology businessman. He was made director of [[Infosys|Infosys Ltd]] in 2000, before being fired from the company in 2002.<ref name="The National">{{cite web|title=Rise and fall and rise again of IT star Phaneesh Murthy |url=http://www.thenational.ae/business/technology/rise-and-fall-and-rise-again-of-it-star-phaneesh-murthy#ixzz2SbQurte9 |publisher=The National|access-date=7 May 2013}}</ref> Subsequently, he became the Chief Executive Officer of [[IGATE|iGATE Corporation]] in 2003, after the company acquired his start-up Quintant. Murthy later President in 2006 and was re-elected in 2010. The board of iGate sacked its President and CEO Murthy in May 2013, following an investigation into a relationship that he had with a subordinate employee and a claim of sexual harassment.<ref name=BBC21May>{{cite web|title=Phaneesh Murthy: iGATE sacks chief 'for not disclosing relationship'|url=https://www.bbc.co.uk/news/world-asia-india-22605417|work=bbc.co.uk|publisher=BBC News|access-date=21 May 2013}}</ref><ref name=MoneyControl1>{{cite web|title=iGATE CEO Phaneesh Murthy -- fired on sexual harassment claim|url=http://www.moneycontrol.com/news/business/igate-sacks-phaneesh-murthysexual-harassment-charge_876288.html|work=Moneycontrol.com|publisher=Moneycontrol.com|access-date=21 May 2013}}</ref>

==Early life==
Phaneesh Murthy was born in a middle class family in Bangalore, Karnataka. He received his [[B.Tech]] Degree in Mechanical Engineering from the [[IIT Madras|Indian Institute of Technology, Madras]] and did his MBA from the [[IIM Ahmedabad|Indian Institute of Management, Ahmedabad]].
<ref>{{cite web|title=Phaneesh Murthy rises from ashes to bite dust again|url=http://articles.economictimes.indiatimes.com/2013-05-22/news/39445687_1_infosys-bpo-phaneesh-murthy-reka-maximovitch|newspaper= The Economic Times|access-date= 22 May 2013}}</ref>
<ref>{{cite web|title=Profile on Forbes.com|url=https://people.forbes.com/profile/phaneesh-murthy/42791|newspaper=Forbes|access-date=7 May 2013}}</ref>

==Career==

===Early Career - (Pre-2003)===
After graduating in 1987, Murthy started working for [[Sonata Software]], where his strategies were responsible for the Company to reach Break even point.<ref name=Businesstoday>{{cite web|title=Phaneesh Murthy|url=http://businesstoday.intoday.in/story/sex-scandal-igate-sacks-phaneesh-murthy-profile/1/195396.html|publisher=Business Today|access-date=23 June 2013}}</ref> After having successfully worked with Sonata for 5 years he moved to [[Infosys|Infosys Ltd]]. His career progressed within Infosys, and he served as Worldwide Head of Sales and Marketing, Communications, and the Product Solutions Group of [[Infosys BPO Limited|Infosys Ltd.]] from 1995 to 2002.<ref name=Businessweek>{{cite web|title=Phaneesh Murthy|url=http://investing.businessweek.com/research/stocks/people/person.asp?personId=398034&ticker=IGTE|publisher=Bloomberg Businessweek|access-date=4 March 2013}}</ref> He served as a Director of [[Infosys]] (since May 2000) and as a Director of Infosys BPO Ltd. As the Global Sales Head of Infosys, he has been widely credited as the one who was responsible for taking the organization from just $2 million in revenues to $700 million in under 10 years.<ref name=In.com>{{cite web|title=Business Leaders: Phaneesh Murthy|url=http://www.in.com/phaneesh-murthy/biography-1953173.html|archive-url=https://web.archive.org/web/20130618025933/http://www.in.com/phaneesh-murthy/biography-1953173.html|url-status=dead|archive-date=18 June 2013|publisher=In.com|access-date=4 March 2013}}</ref> He was fired from Infosys in 2002 after the company settled a case of sexual harassment, reportedly for $3 million.<ref name=ToI1>{{cite web|last=Dhamija|first=Anshul|title=All about sacked iGate CEO Murthy|url=http://articles.timesofindia.indiatimes.com/2013-05-22/strategy/39444670_1_infosys-bpo-reka-maximovitch-phaneesh-murthy|archive-url=https://web.archive.org/web/20130608125826/http://articles.timesofindia.indiatimes.com/2013-05-22/strategy/39444670_1_infosys-bpo-reka-maximovitch-phaneesh-murthy|url-status=dead|archive-date=8 June 2013|work=[[The Times of India]]|access-date=24 May 2013}}</ref>

In January 2003, Murthy founded and was a Consultant for Quintant Services Limited, a Business Services Provisioning company with a global services delivery model. He was co-founder of Primentor from July 2002 to August 2003.<ref name=Businessweek />

===Career At iGate - (2003-2015)===

Murthy joined [[iGATE]] Global Solutions Limited in August 2003 after the company acquired Quintant in late 2003.<ref name="The National" /> After joining iGATE, he played a key role in restructuring iGATE. He has been instrumental in positioning the services companies under the iGATE Global umbrella, thereby resulting in synergies between the various service offerings of iGATE Global Solutions Ltd. He has been the Chief Executive Officer and President of iGATE since 1 April 2008, and serves as the Managing Director of iGate Global Solutions Ltd. and iGATE Corporation.<ref name=Businessweek /> Phaneesh has transformed iGATE from a loss making, negative margins, to a growth company with profitability through Business Outcomes that is increasingly being adopted by Global customers.<ref name=In.com />

Murthy is credited with the iGATE acquisition of Patni Computer Systems in 2011 in hope that the combined entity can become a tier-1 organization. At the time of the acquisition, iGATE was a mid-sized company and Patni Computer Systems was more than double its size. The deal made iGATE one of the largest IT companies in India.<ref name="In.com" />

On 21 May 2013 [[iGATE]] Corporation said that its President and CEO Phaneesh Murthy has been fired following a probe into Murthy's relationship with a female subordinate employee and sexual harassment claim.<ref name="BBC21May"/><ref name="MoneyControl1"/><ref name=ET21May>{{cite web|title=iGATE terminates employment of CEO Phaneesh Murthy on sexual misconduct charges|url=http://economictimes.indiatimes.com/news/news-by-company/corporate-announcement/igate-terminates-employment-of-ceo-phaneesh-murthy-on-sexual-misconduct-charges/articleshow/20164907.cms|access-date=21 May 2013|newspaper=The Economic Times}}</ref>

==Philanthropy==
iGATE has held golf tournaments at [[TPC Sawgrass]] which offer $100,000 in prizes to go toward charities. Murthy and his teammate Chip Perry took the top prize of $20,000. Murthy donated his $10,000 to Tiger Preservation.<ref>{{cite news|title=Phaneesh Murthy of iGate on golf as their brand ambassador|url=http://golfingindian.com/interview-details.aspx?cid=489|access-date=14 March 2013|newspaper=GolfIndian|archive-url=https://archive.today/20130411014257/http://golfingindian.com/interview-details.aspx?cid=489|archive-date=11 April 2013|url-status=dead}}</ref>

==Sexual harassment allegations and lawsuits==
Murthy had to face a sexual harassment lawsuit while being with Infosys, which had been filed by his former executive secretary Reka Maximovitch. Maximovitch, a Bulgarian American national, had filed the lawsuit, complaining of sexual harassment.<ref name=ICMR>{{cite web|title=Sexual Harassment at Infosys|url=http://www.icmrindia.org/casestudies/catalogue/Business%20Ethics/Sexual%20Harassment%20at%20Infosys.htm|publisher=ICMR India|access-date=26 April 2013}}</ref> At the same time another woman, Jennifer Griffith, had filed similar charges resulting in a US$800,000 settlement.<ref name=ET1>{{cite web|title=iGate: Sexual harassment claim may cost Phaneesh Murthy his career|url=http://articles.economictimes.indiatimes.com/2013-05-22/news/39445382_1_nr-narayana-murthy-igate-outcome-based-model|publisher=indiatimes.com|access-date=27 May 2013}}</ref> His then employer, Infosys, settled the lawsuit out of court for $3 million & fired him in 2002.<ref name="ToI1" /><ref name=rediff1>{{cite web|last=Chand|first=Fakir|title=Infosys settles sexual harassment lawsuit out of court for $3m|url=http://www.rediff.com/money/2003/may/11infosys.htm|work=Rediff.com|access-date=26 April 2013}}</ref> He strongly denied the accusations throughout proceedings.<ref name="The National" />

In 2013, another claim of sexual harassment was labeled against Murthy by a subordinate employee Araceli Roiz.<ref name="ET21May"/> Following an investigation by outside legal counsel, engaged by the board of iGate, Murthy was sacked from the position of President & CEO by the company. iGate officially stated that "the investigation showed that Murthy had violated iGate's policy by failing to report his relationship with the employee, although he did not violate iGate's harassment policy".<ref name="BBC21May"/><ref name="MoneyControl1"/> However, Murthy had denied all the charges.<ref name="ET21May"/>

== References ==
{{Reflist}}

{{DEFAULTSORT:Murthy, Phaneesh}}
[[Category:Indian Institute of Management Ahmedabad alumni]]
[[Category:IIT Madras alumni]]
[[Category:Living people]]
[[Category:Year of birth missing (living people)]]

Phaneesh Murthy - Revision history

->JJMC89 bot III: Moving :Category:Indian Institute of Technology Madras alumni to :Category:IIT Madras alumni per Wikipedia:Categories for discussion/Log/2021 April 22#Category:Indian Institute of Technology Madras alumni