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Parallel Income Plan 2026
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How Phaneesh Murthy blew it all up

On May 21, Nasdaq-listed iGATE Corporation sacked its president and CEO Phaneesh Murthy following a sexual harassment charge levelled against him.

May 21, 2013 / 17:39 IST

Phaneesh Murthy, member of the elite IIT-IIM club, is undoubtedly one of the big stars in the country's IT circle. Unfortunately, scandals hounded this charismatic leader in an eventful career spanning over two decades. Here's a timeline to take you through his professional life:

1992: Joined IT behemoth Infosys

1992-2002: Instrumental in pushing Infosys'revenue to $700m from $2 million

2002: Murthy faced a sexual harassment lawsuit filed by his former executive secretary at Infosys Reka Maximovitch. Infosys had to settle the lawsuit out of court for $3 million.

2002: Quits Infosys and founded Quintant, a business process outsourcing company

2003: iGATE Corporation acquires Murthy's Quintant and names him CEO of iGATE Global Solutions Limited

2006: Appointed director at iGATE Computer Systems Ltd

2008: Appointed president and CEO at iGATE Computer Systems Ltd

2010: Re-elected by the shareholders to serve as a director for a three-year term expiring in 2013.

2011: Steered iGate to acquire Patni Computers for $1.22 billion. It is the largest takeover in the Indian IT business, larger than Oracle's acquisition of i-flex in 2005 and EDS's acquisition of MphasiS in 2006.

May 21, 2013: Nasdaq-listed iGATE Corporation sacks its president and CEO Phaneesh Murthy on sexual harassment charge.

first published: May 21, 2013 10:04 am

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