Jerry Rao: Difference between revisions

'''Jaithirth Rao''', popularly known as '''Jerry Rao''', is an Indian businessman and entrepreneur. He is the founder and former CEO of the software company [[MphasiS|Mphasis]]. He is the founder of Value and Budget Housing Corporation (VBHC) (now known as VBHC Value Homes Pvt. Ltd.), an affordable housing venture which he founded in 2008 ([http://www.vbhc.com/ Official website]).<ref>{{cite web|url=http://www.business-standard.com/india/news/vbhc-charts-rs-300-cr-expansion-plan/480021/ |title=VBHC charts Rs 300 cr expansion plan |publisher=business-standard.com |date=2012-07-11 |accessdate=}}</ref><ref>{{cite web|url=http://timesofindia.indiatimes.com/business/india-business/Govt-positively-discourages-affordable-housing-Jerry-Rao/articleshow/15048564.cms |title=Govt positively discourages affordable housing: Jerry Rao |publisher=timesofindia.indiatimes.com |date=2012-07-20 |accessdate=}}</ref>  He was also a founder and director of [[Home First Finance Company]],<ref>{{Cite news|url=https://economictimes.indiatimes.com/industry/banking/finance/home-first-finance-company-is-looking-to-sell-30-stake-for-rs-250-crore-to-fund-operations/articleshow/53107360.cms|title=Home First Finance Company is looking to sell 30% stake for Rs 250 crore to fund operations|last=Sinha|first=Shilpy|date=2016-07-08|work=The Economic Times|access-date=2018-12-11}}</ref> a Housing Finance company focused on providing housing finance to first time home buyers.<ref>{{cite web|url=http://dealcurry.com/20110826-Carlyle-Group-Invests-26-Mn-In-Jerry-Rao-s-Affordable-Housing-Project.htm |title=Carlyle Group Invests $26 Mn In Jerry Rao's Affordable Housing Project |publisher=DealCurry.com |date=2011-08-26 |accessdate=}}</ref> He was also a member of the editorial advisory board of the ''[[Swarajya (magazine)|Swarajya]]'' magazine.<ref>{{cite web|first1=Manisha|last1=Pande|accessdate=2020-09-20|title=A New Swarajya|url=https://www.newslaundry.com/2014/09/11/a-new-swarajya|website=[[Newslaundry]]|date=11 September 2014}}</ref>

In 1998, Rao started Mphasis Corporation, a software company based in California, which subsequently merged with BFL Software in 2000. MphasiS rapidly rose to be one of the top 10 IT/BPO companies in India.<ref>{{cite web|url=http://www.moneycontrol.com/company-facts/mphasis/history/MB02 |title=MphasiS Company History |publisher=moneycontrol.com |date= |accessdate=2012-10-02}}</ref> In 2008, EDS acquired a majority stake in MphasiS.<ref>{{cite web|url=http://www.business-standard.com/india/news/eds-acquires-majority-stake-in-mphasis/1706/on |title=EDS acquires majority stake in MphasiS |publisher=business-standard.com |date=2006-06-08 |accessdate=}}</ref> Mr. Rao stayed on as non-executive chairman of MphasiS and for some time as advisor to EDS.

*''The Indian Conservative: A History of Indian Right-Wing Thought'' (2019) {{ISBN|9353450624}}

Rao is a recipient of several distinguished business and government recognitions. He has been the Chairman of India's National Association of Software and Service Companies – [[NASSCOM]]. He was named the Ernst & Young 'Entrepreneur of the Year 2004' for the New York region along with MphasiS Vice Chairman Jeroen Tas,<ref>{{cite web|url=http://www.mphasis.com/pdfs/news/newsroom/EandYEntrepreneur.htm |title=Jerry Rao and Jeroen Tas named Ernst & Young’s Entrepreneur of the Year® 2004 Award Winners |accessdate=2012-10-02 |url-status=dead |archiveurl=https://web.archive.org/web/20121114001907/http://www.mphasis.com/pdfs/news/newsroom/EandYEntrepreneur.htm |archivedate=2012-11-14 }}</ref> which followed his being similarly awarded in India for the year 2001 previously.<ref>{{cite web|url=http://www.ey.com/IN/en/About-us/Entrepreneurship/Entrepreneur-Of-The-Year/Entrepreneur_Of_The_Year_Winner2001 |title=EOY 2001 Winners |publisher= |date= |accessdate=2012-10-02}}</ref> In 2005, the Government of the Indian state of Karnataka honored him with the Rajyotsava Award.<ref>{{cite web|url=http://www.mphasis.com/pdfs/news/newsroom/RajyotsavaAward.htm |title=Rajyotsava Award for Jerry Rao |date=2005-11-01 |accessdate=2012-10-02 |url-status=dead |archiveurl=https://web.archive.org/web/20121114001640/http://www.mphasis.com/pdfs/news/newsroom/RajyotsavaAward.htm |archivedate=2012-11-14 }}</ref>