Meet Bharat Desai, former TCS employee who built a Rs 28,000 crore IT company, his net worth is...
Bharat Desai is a prominent figure in the world of business and entrepreneurship, having co-founded the successful IT consulting and outsourcing firm, Syntel. Born in Kenya in November 1952, Desai was raised in India and later moved to the United States in 1976 to work as a programmer for Tata Consulting Services.
It was during his time at Tata Consulting Services that Desai met his future wife and business partner, Neerja Sethi. The two would later go on to co-found Syntel in 1980 with just $2,000 in investment. Despite a slow start, with the company earning just $30,000 in sales in its first year, Syntel's annual revenue grew to over $900 million by 2018.
Desai's success in business has earned him a place on Forbes' billionaire list, with a net worth of $1.5 billion as of 2022. His source of wealth is largely attributed to IT consulting, and he is considered a self-made billionaire.
Desai's educational background includes a bachelor's degree in electrical engineering from the Indian Institute of Technology (IIT) Bombay and an MBA in finance from the Stephen M. Ross School of Business. He and his wife have two children and currently reside in Fisher Island, Florida, where Desai enjoys spending time on his yacht.
In October 2018, French IT firm Atos SE acquired Syntel for $3.4 billion (approximately Rs 28,000 crore), with Desai and Sethi together holding a 57% stake in the company. This acquisition marked a significant milestone in Desai's entrepreneurial journey and further cemented his status as a successful businessman.
Desai's story serves as an inspiration to aspiring entrepreneurs, showing that with hard work, determination, and a willingness to take risks, one can achieve great success in the world of business.
In addition to his success with Syntel, Desai has also been involved in various philanthropic efforts. He and his wife are both signatories of The Giving Pledge, a commitment by some of the world's wealthiest individuals to give away the majority of their wealth to address global issues.
Desai has also established the Desai Foundation, which aims to improve the quality of life for people in rural India. The foundation focuses on providing education, healthcare, and livelihood opportunities to underserved communities in the country. Through his philanthropic work, Desai has made a significant impact in improving the lives of many people.
Apart from his business and philanthropic ventures, Desai is also an avid art collector. He is known to have an extensive collection of Indian art, including works by renowned artists like Tyeb Mehta, M.F. Husain, and S.H. Raza.
Desai's success in business, dedication to philanthropy, and appreciation for art showcase a multifaceted individual with a diverse set of interests and passions. His story serves as an inspiration to those who aspire to make a positive impact in their chosen fields and in the world around them.
Desai's contributions to the world of business have been widely recognized and celebrated. In 2003, he was awarded the Michigan Entrepreneur of the Year Award by Ernst & Young. In 2009, he was inducted into the Michigan Business Hall of Fame, and in 2017, he received the Pravasi Bharatiya Samman Award, the highest honor given to overseas Indians by the Indian government, for his contributions to the field of business.
Desai has also been involved in various leadership positions in the business community. He has served on the board of directors for several organizations, including the Federal Reserve Bank of Chicago and the Detroit Economic Club. He is also a member of the board of trustees for the John F. Kennedy Center for the Performing Arts in Washington, D.C.
Desai's success in business and his contributions to society have made him a role model for many people. His story highlights the importance of hard work, perseverance, and a willingness to take risks in achieving success. Desai's entrepreneurial journey is a testament to the power of innovation and the limitless potential of individuals to make a difference in the world.
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