From IIT Bombay to Billionaire: The Inspirational Journey of Bharat Desai

Troy, Michigan - October 11, 2024 - The entrepreneurial spirit of IIT graduates continues to inspire, with Bharat Desai's story being a prime example. Born in Kenya and raised in India, Desai's journey from a modest beginning to a billionaire status encapsulates the essence of determination and innovation.

Desai, who initially worked at Tata Consultancy Services (TCS) under Ratan Tata, left the corporate world to start his own venture. Along with his wife Neerja Sethi, whom he met in Michigan, they founded Syntel in 1980 from their small apartment in Troy. The company began with a humble investment of approximately Rs 16,000.

Syntel's inception was modest, with first-year sales amounting to USD 30,000. However, under the visionary leadership of Desai and Sethi, the company scaled new heights. By 2018, Syntel had become a significant player in the IT sector, leading to its acquisition by French IT firm Atos SE for a staggering USD 3.4 billion, approximately Rs 28,690 crore.

Bharat Desai's educational background is equally impressive. He holds a bachelor’s degree in electrical engineering from the prestigious Indian Institute of Technology (IIT) Bombay and an MBA in finance from the Stephen M. Ross School of Business at the University of Michigan. His academic credentials, combined with his entrepreneurial acumen, have cemented his status as a notable figure in the business world.

Today, Desai's net worth is estimated at $1.6 billion (Rs 13,501 crore), placing him at the 1945th position on Forbes' World’s Billionaires List for 2024. His story is not just about financial success but also about the relentless pursuit of a vision, making it a beacon for aspiring entrepreneurs.

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