Nitin Rakesh is a pioneer financial technologist and people leader with an unfailing ability to combine technology prowess with exceptional business insights. His entrepreneurial spirit, coupled with his trademark customer-first and lean startup philosophy, has led to the development and launch of disruptive new service offerings, consistent upgradation and accelerated growth trajectory of all the organizations he has served.
In the first 100 days of taking on the mantle as the CEO of Mphasis, Nitin has launched Mphasis' X2C2 TM formula for success, (shift anything to cloud and power everything with cognitive); driving five dimensions of business value with an integrated consumer-centric Front to Back Digital Transformation, enabling Business Operations and Technology Transformation.
Prior to joining Mphasis, Nitin was the Chief Executive Officer 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. In the very first year as CEO, Nitin led the company to a 14 per cent annual revenue increase, accompanied by expanded geographic reach. He also developed and launched new service offerings such as, Syntel’s innovative SyntBots automation platform. This award-winning automation solution effectively positioned Syntel as a disruptive challenger in the industry.
Nitin was elevated to being a CEO after serving as President, Americas for Syntel, where he headed Business Development and North American operations. During this time, extended the company’s footprint to Europe, including setting up centers in Scotland and Poland. This was his second four year run with Syntel (2012 to 2016), the first being between 2002 to 2008. During his first innings, Nitin developed and launched Syntel’s Knowledge Process Outsourcing (KPO) offerings. He also charted a strategy that propelled Syntel’s KPO practice as the company’s fastest-growing business unit, and quickly growing to account for 25% of Syntel’s overall revenue. From Vice President and Head of Syntel’s KPO operations, he was elevated to CEO of Syntel's joint venture, State Street Syntel Services, where he led its India operations, until 2008.
He then moved to head Motilal Oswal Asset Management Company as CEO and Managing Director; where he piloted Exchange Traded Fund (EFT) in India. This was recognized as the "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.
Nitin is also on the advisory board or council at various institutions such as:
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.