CAMBRIDGE, Mass., June 27 /PRNewswire-FirstCall/ -- Patni Computer Systems Ltd., a leading global IT consulting and services provider, today announced the appointment of Mr. Surjeet Singh as its Chief Financial Officer.
Surjeet presently heads Mergers & Acquisitions at Patni and prior to this he was the CFO at Cymbal Corporation which he co-founded and which has since merged with Patni. Surjeet has around two decades of multi-industry global experience in senior management roles at leading finance, business planning and global supply chain functions. He has a successful track record of building finance as a key business enabler, fostering collaboration in large and mid-sized culturally diverse, global and matrixed organizations.
Prior to Cymbal, Surjeet held various positions at Ranbaxy -- an Indian multinational pharmaceutical company, where he initially led the finance organization of the largest business unit and later led the global supply chain operations. Before Ranbaxy, Surjeet was employed with the Kirloskar Brothers Ltd. in India. Surjeet holds a B.S. in Finance and Accounting from the University of Pune and is a fellow of Institute of Costs and Works Accountants, India and AICPA, USA.
As Patni's CFO, Surjeet's responsibilities would include setting up the best processes in industry in Patni's finance organization including robust management information systems to help drive improvement in business profit management and corporate planning processes. Surjeet would currently also continue to hold his responsibility of heading the Mergers & Acquisitions activity at Patni.
Surjeet assumes his responsibilities as CFO of Patni from August 14, 2006. At present, he is working together with Patni's current CFO, Mr. Deepak Sogani, towards a smooth transition.
Commenting on the new appointment, Mr. Narendra K. Patni, Chairman and CEO, Patni observed: "We are pleased to appoint Surjeet as our CFO. His exposure to international, cross-functional business environments and his extensive management experience makes him a valuable asset for Patni. We look forward to his key contribution towards helping Patni meet its objective of becoming a partner of choice for global outsourcers."
Patni Computer Systems Limited (NYSE:PTI) is a global IT Services provider servicing Global 2000 clients. Patni caters to its clients through its industry-focused practices, including insurance, manufacturing, financial services, telecommunications, and its technology- focused practices.
With an employee strength of over 12,000 and multiple offshore development facilities across eight cities; Patni has 23 international offices across the Americas, Europe and Asia-Pacific. Patni has registered revenues of US$ 450 million for the year 2005.
Patni's service offerings include application development, application maintenance and support, packaged software implementation, infrastructure management services, product engineering services, business process outsourcing and quality assurance services.
Committed to quality, Patni adds value to its client's businesses through well-established and structured methodologies, tools and techniques. Patni is an ISO 9001: 2000 certified and SEI-CMMi Level 5 organization, assessed enterprise wide at P-CMM Level 3. In keeping with its focus on continuous process improvements, Patni adopts Six Sigma practices as an integral part of its quality and process frameworks.
For more information on Patni, visit http://www.patni.com .
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, liability for damages on our service contracts, the success of the companies in which Patni has made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our Red herring filing. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.
Source: Patni Computer Systems Ltd.