Phaneesh Murthy

Phaneesh Murthy General Information

Biography

Mr. Phaneesh Murthy is an Angel Investor. Mr. Phaneesh Murthy serves as an Advisor to the Board at Valuepoint Systems. He also serves as a Board Member at Opus Technologies. He is an Angel Investor. He served as the Founder of Quintant Services. He served as Chief Executive Officer at Igate. He served as a Senior Industry Partner at New State Capital Partners. He also serves as an Advisor to the Board and Board Member at ValuePoint Systems. He launched Infosys' operations in the United States and is credited with the growth of the company from less than $2m in 1992 to $750m in 2002 and achieving a market cap of over $38bn. While at Infosys, he was a Member of the Board and oversaw Global Operations, Sales and Marketing, and the Advanced Technology Practice. He was also part of the team that took Infosys public on two exchanges - in India and the United States. In 2002, he raised $30m and started Quintant, the first integrated technology and operations company with an outcomes-based pricing model. Quintana was merged into Igate in 2003 and he was named CEO. At that time Igate had $300m in staffing revenues, modest margins, and a market cap of less than $100m. He led the turnaround effort, divested the staffing businesses, streamlined the company's delivery model, and completed a large acquisition financed with public bonds. Currently, Igate generates revenue of over $1.2bn and margins have nearly doubled. Igate's enterprise value is now more than $3bn from about $80m before he joined. He is a renowned business leader with more than 25 years of experience structuring and managing large outsourcing deals for Fortune 500 companies. Currently, he is consulting for Primentor Inc., a strategy consulting firm that he founded in 2013. He also currently serves on the Advisory Board for Partners Group, a private equity fund. Since early 2014, He has served as an Operating Partner at New State Capital Partners LLC, where he is focused on business services, technology, and BPO-related opportunities. Before joining New State Capital Partners, he served as CEO and President of iGate Corporation. From 1995 to 2002, he served as Worldwide Head of Sales and Marketing, Communications, and the Product Solutions Group of Infosys Ltd. As the Global Sales Head of Infosys Ltd, he is widely credited for taking the organization from just $2 million in revenues to $700 million in under 10 years. His previous roles also include Managing Director, Worldwide Head of Sales and Marketing, Head of Communications and Product Solutions, as well as Consultant work for various businesses. He has substantial expertise in developing and managing the growth of an organization. He earned his MBA from the Indian Institute of Management, Ahmedabad as well as a BS from the Indian Institute of Technology in Chennai.