Meet man, who worked in Ratan Tata’s company, left it to start his own business from his apartment, later sold for Rs 28000 crore, he is…..

Well, born in Kenya and raised in India, read the inspirational story of billionaire businessman Bharat Desai.

Written by: Sumaila Zaman Edited by: Sumaila Zaman

Updated: November 11, 2024, 7:25 AM IST

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https://www.india.com/business/meet-man-who-worked-in-ratan-tatas-company-left-it-to-start-his-own-business-from-his-apartment-later-sold-for-rs-28000-crore-he-is-syntel-founder-bharat-desai-7384015/ Copy

Meet man, who worked in Ratan Tata's company, left it to start his own business from his apartment, later sold for Rs 28000 crore, he is.....

Success Story: IIT graduates are renowned worldwide for their sharp intellect, vision, and innovative thinking. Many are recruited by the world’s top tech companies, while others go on to launch their own successful ventures. One such IIT alumnus was initially hired by Ratan Tata’s Tata Consultancy Services(TCS), but after gaining experience, he started his own company and eventually sold it for over Rs 28,000 crore. Well, born in Kenya and raised in India, read the inspirational story of billionaire businessman Bharat Desai.

Meet man, IIT alumnus, who left TCS and started company from his apartment, later sold for Rs 28000 crore, he is…

As of October 11, 2024, Bharat Desai’s estimated net worth is $1.6 billion((Rs 13501 crore). In 1980, Desai and his wife Neerja Sethi founded Syntel, an IT consulting and outsourcing company in Troy, Michigan. They began their company from their apartment in Troy, Michigan. In 1976, Desai moved to the United States as a programmer for Tata Group’s TCS.

Life took a turn when he met Neerja, who would soon become his partner in both life and business. The couple, living in a small apartment in Michigan, shared big dreams and a vision for something of their own. Pooling their savings, they took a leap of faith, investing around Rs 16,000 to start Syntel, a venture that would eventually grow beyond their wildest expectations.

During its first year, Syntel generated a modest USD 30,000 in sales. Yet, by 2018, the company’s growth had transformed it into a major player, leading French IT firm Atos SE to acquire Syntel for an impressive USD 3.4 billion (approximately Rs 28,690 crore today). As per Forbes World’s Billionaires List 2024, IIT graduate Bharat Desai ranks 1945.

Bharat Desai Educational Qualification

He completed his bachelor’s degree in electrical engineering from the Indian Institute of Technology(IIT) Bombay. Furthermore, he earned an MBA in finance from the Stephen M Ross School of Business, University of Michigan.