Bharat Desai’s profile picture

Bharat Desai

Chairman and Co-founder, Syntel Inc.
Bharat Desai’s profile picture
Net worth 2018: $1.27 Billion
Industry: Technology
Residence: Fisher Island, Florida
Country: United States
BirthDay: 1953
Children: 2
Education: Bachelor of Arts / Science, Indian Institute of Technology, Bombay; Master of Business Administration, Stephen M. Ross School of Business
BIOGRAPHY

Bharat Desai was bornon 1953 in Fisher Island, Florida, United States, is Chairman and Co-founder, Syntel Inc.. Bharat Desai is #1883 in List Billionaires People In The World. Bharat Desai founded IT consulting and outsourcing company Syntel with his wife Neerja Sethi from their apartment in Troy, Mich. The husband-and-wife team, who met in the U.S. while working for pioneering IT firm, Tata Consulting Services, invested $2,000 to get it going; it brought in $30,000 in sales during its first year. Thirty-seven years later, Syntel generated nearly $1 billion in 2016 revenue and has nearly 24,000 employees across the globe. Desai, who remains Syntel's chairman, was born in Kenya, raised in India and came to the U.S. in 1976 as a programmer for Tata; he earned his MBA from the University of Michigan. Sethi was born and raised in India, came to the states in 1978. She received her MBA from the University of Delhi before earning her second master's in computer science at Oakland University. She sits on Syntel's board and continues to serve as its vice president of corporate affairs. In 2017 Sethi fell from the billionaires rank as Syntel's shares took a sharp plunge in late 2016 and have yet to rebound; her stake in the company wasn't enough to put her among the world's richest. The fall has been attributed, in part, to the new Trump administration and the uncertainty surrounding financial services and health care firms, key industries that Syntel relies on.

NET WORTH STATISTIC
2009

$1.65 Billion

2010

$1.6 Billion

2011

$1.35 Billion

2012

$2 Billion

2013

$2.2 Billion

2014

$2.5 Billion

2015

$2.5 Billion

2016

$2.5 Billion

2017

$1 Billion

2018

$1.27 Billion

TIMELINE
1953

Bharat Desai was born in Kenya in 1953

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