Meet the former TCS techie whose current net-worth is Rs 13,500 crore
Tata Consultancy Services (TCS) employee, exemplifies the entrepreneurial spirit that turns dreams into reality. Today, with a net worth of approximately Rs 13,501 crore (around $1.6 billion USD), Desai’s story is both inspiring and instructional for aspiring entrepreneurs.
From IIT Bombay to America’s Tech Scene
Desai’s journey began in 1976 when he moved from India to the United States after completing his studies in electrical engineering at IIT Bombay. His first role was as a programmer with TCS, where he met his future wife, Neerja Sethi. Sharing a mutual interest in creating their own enterprise, the couple took a bold step in 1980, founding their IT consulting and outsourcing firm, Syntel, from their small apartment in Troy, Michigan, with an initial investment of just $2,000 (around Rs 1.65 lakh).
The early days of Syntel were challenging, with the company generating only $30,000 in revenue during its first year. However, Desai and Sethi’s vision and dedication gradually paid off, as Syntel gained a strong foothold in the IT services market, eventually expanding across North America, Europe, and Asia.
Building a Global IT Powerhouse
Desai, who served as the company’s chairman, played a pivotal role in positioning Syntel as a major player in the industry. By 2018, the company's revenue had reached an impressive $900 million, catching the attention of French IT giant Atos SE, which acquired Syntel for a substantial $3.4 billion (around Rs 28,000 crore).
Reflecting on his success, Desai once said, “It’s
