Nitin Rakesh, a distinguished leader in the IT services industry, joined Mphasis as its Chief Executive Officer and Director in January 2017.
In the first year of taking on the mantle as the CEO of Mphasis, Nitin introduced Mphasis’ C= X2C2 =1TM formula for success, (hyper-personalization; drive n=1 powered by Cloud & Cognitive); driving multi-dimensions of business value with an integrated consumer-centric Front2BackTM Digital Transformation, enabling Business Operations, Technology Transformation and Service Transformation, driven by IP assets.
Under Nitin’s leadership, Mphasis set a record of highest deal wins in the history of the company, thus re-defining benchmarks and growing above industry rate. Mphasis' stock price observed an increase of 4x, in four years and revenue from digital projects increased substantially. His laser focus on quadra dimensional growth – consistent, profitable, competitive and responsible, led to enhanced shareholder value. His motto to accelerate value creation for customers, shareholders and employees builds a growth-focused culture within the company.
Prior to joining Mphasis, Nitin Rakesh was the Chief Executive Officer and President of Syntel (a NASDAQ listed IT Services Company). Nitin has a proven track record of delivering profitable growth at industry leading operating margins. Before he was appointed as the CEO, he served as President, Americas for Syntel, where he headed Business Development and North American operations.
Nitin has deep domain expertise in Banking, Financial Services and Insurance verticals. He has strong customer-orientation, large deal experience, and a track record of delivering transformative digital solutions. Nitin has an entrepreneurial mindset and is focused on launching innovative new service offerings, including in automation.
Nitin served at Syntel in various capacities (most recently as the CEO) between 2012 to 2016 and also before that between 2002 to 2008.
Between 2008 to 2012, he served as the CEO and Managing Director of Motilal Oswal Asset Management Company. During his tenure, the company was named "Most Innovative ETF, Asia Pacific" at the 2011 ETF Awards in New York, and the "Most Innovative Mutual Fund, India" in 2010 at the Crisil - S&P Mutual Fund Awards. He is one of the first 250 CEOs globally across 26 countries who has committed to build an inclusive work environment, end disability inequality through business performance and create social and economic value of people living with disabilities across the world. In addition, he has worked with the TCG Group, a transnational private equity and investments firm as the Head of Banking & Financial Services Sales at TCG Software Services between 1999 to 2002
Earlier in his career, Nitin worked for Unit Trust of India, setting up offshore mutual funds and secondary Market Research Cell, Product Development and Risk Management divisions.
Recently, Nitin co-authored an award winning book, ’Transformation in Times of Crisis- Eight Principles for Creating Opportunities and Value in the Post- Pandemic World’, a business playbook for leaders and businesses to transform a crisis into an opportunity. The book has been recognized as ‘Best Business Book’ in the ‘Publication Award Category’ of American Business Awards and has won the International Business Book title at 2021 Business Book Awards. Recently, Nitin won the 2021 American Business Awards®- Management Awards - Bronze Stevie under the ‘Tech Innovator of the Year – Services’ category. In the past, he has been recognized with ‘2019 American Business Awards & International Business Awards – Gold Stevie’ under the ‘Tech Innovator of the Year – Services’ category. The 2018 International Business Awards and American Business Awards 2018 recognized Nitin as ‘Executive of the Year - Computer Services’, felicitating him with Gold Stevie under the Management award category. Nitin recently won the ‘2018 Outstanding 50 Asian Americans in Business’ Award, recognizing him for the innovative growth strategy translating Mphasis into one of the fastest growing digital companies.
Nitin is also an active member of various institutions globally, such as US – India Strategic Partnership Forum (USISPF) driving financial services council and business relations between US and India. He is the member of the NASSCOM executive council. He is also on the advisory board of the [email protected], The Wharton School, University of Pennsylvania’s driving digital transformation discussions at grass root level. He is a member of The Wall Street Journal (WSJ) CEO Council and an industry expert and practitioner with the Forbes Technology Council (FTC). Nitin globally advises their readers on current, as well as future, technologies and trends.
Nitin is a founding member of Plaksha University, a new model of engineering education and research through collective philanthropy to transform higher education in India.
Nitin holds a Bachelor's degree in Engineering (Computer Science) from Delhi Institute of Technology, Delhi University and has received his Master’s in Management from Narsee Monjee Institute of Management Studies, Mumbai and is also an alumni of Harvard Business School’s CEO Workshop.