Unlocking the digital future
Nitin Rakesh likes to describe himself as a geek with an insurgent mindset and a disruptive-tech evangelist.
It does describe the CEO and MD of Mphasis quite well though it leaves out the detail that he combines expertise and deep understanding of finance along with his love for disruptive technology.
An engineering graduate from Delhi Institute of Technology and Masters in Management from Narsee Monjee Institute of Management Studies, Mumbai, Nitin joined Mphasis as its CEO and Managing Director in 2017.
Over the years, Nitin has steered Mphasis to focus on cloud and cognitive solutions and formed partnerships with global leaders such as AWS, Google Cloud, Salesforce and Adobe. His unfailing ability to combine technology with business insights, coupled with his customer-first and lean start-up philosophy, allows him to develop disruptive service offerings and accelerate the growth trajectory of the organizations he is associated with.
His focus on innovation earned him the Gold Stevie for Tech Innovator of the Year in 2019. Later in 2021, Nitin was listed in The Wall Street Journal’s list of The World’s Most Influential Decision Makers.
With a 25.8% YoY growth in gross revenue in the quarter-ending 31 December 2021 and a 9.9% YoY net profit growth to INR357.7 crores, Mphasis recently reported the highest YoY revenue ever. The company also recorded TCV of US$335 million of deals won in the third quarter of FY22.
Before joining Mphasis, Nitin was the CEO and President of Syntel, a NASDAQ listed IT services company, where he established a track record of delivering profitable growth at industry-leading operating margins. Earlier, as the CEO and Managing Director of Motilal Oswal Asset Management Company, he led the launch of several award-winning innovative investment products, including India’s first US equities-based Exchange Traded Fund that tracks the NASDAQ-100 index.
Despite his hectic schedule, he managed to find time to write his first book, “Transformation in Times of Crisis – Eight Principles for Creating Opportunities and Value in the Post-Pandemic World.” The book sums up his two decades of diverse experience to help businesses transform crisis into opportunities.