Phaneesh Murthy

  • US: Class action suit filed against iGate over Murthy affair June 18, 2013

    New Delhi: Outsourcing firm iGate has been slapped with class action lawsuit in the US for alleged violations of federal securities laws in view of its sacked CEO Phaneesh Murthy's "improper relationship" with a subordinate employee. The suit has been filed on behalf of persons or entities who purchased or...
  • iGate ex-CEO Phaneesh Murthy removed from company's board June 8, 2013

    Mumbai: Majority of shareholders removed former CEO Phaneesh Murthy for 'cause' from the iGATE Corp board by written consent in lieu of a meeting. Murthy's removal will be effective from June 7, 2013. Murthy was sacked after a company sexual harassment investigation revealed that he had not disclosed a relationship with...
  • Phaneesh Murthy, victim may settle out of court May 23, 2013

    New Delhi: Phaneesh Murthy, sacked a few days ago as iGATE president, will be sued by Araceli Roiz for sexually harassing and for making her pregnant. Roiz's lawyer Randall Aiman-Smith told Network18 that she is exploring an out of court settlement with Murthy. Murthy is being sued for sexually harassing Roiz,...
  • Phaneesh Murthy to be sued for sexually harassing iGATE employee May 23, 2013

    New Delhi: Sacked iGATE Corp Chief Executive Phaneesh Murthy will be sued for sexually harassing the firm's investor relations head and allegedly making her pregnant, the law firm representing the victim said on Thursday. The California-based law firm, Aiman-Smith & Marcy, said that iGATE's head of investor relations Araceli Roiz...
  • iGATE CEO sacked over sex scandal, cries conspiracy May 21, 2013

    New Delhi: Ten years after a sexual harassment row, Phaneesh Murthy is back in the spotlight for harassment again. The 49-year-old IT industry veteran was sacked as President and CEO of iGATE - the California-based company he helped found. iGATE management says, "The board's decision was made as a result...
  • I'm a victim of extortion, says sacked iGATE chief Phaneesh Murthy May 21, 2013

    New Delhi: Sacked iGATE President and CEO Phaneesh Murthy on Tuesday denied all charges against him and alleged that it was a case of extortion. "The charges against me are completely false. I have not violated company policy," Phaneesh Murthy said. Alleging extortion, Murthy said, "This is without doubt a case...
  • iGATE President sacked for not reporting relationship with colleague May 21, 2013

    New Delhi: Information and technology outsourcing service provider iGATE has sacked President and CEO Phaneesh Murthy for not informing the company board about his relationship with a subordinate employee. He was required to do so under the company's HR policy. The US-listed company, which has bulk of its employees in India,...
  • Phaneesh Murthy appointed CEO of Patni May 12, 2011

    Bangalore: iGATE on Thursday announced the successful completion of Patni acquisition and appointment of Phaneesh Murthy as CEO of Patni. Consequently, Jeya Kumar has stepped down as the CEO of Patni. iGATE entered into purchase agreements on January 10 this year to...
  • Forbes India: Phaneesh Murthy on outsourcing August 6, 2009

    Until now, the Indian IT services business gained ground on the back of a simple premise. You make a tonne of money by replacing a $125,000 resource with a $40,000-$50,000 Indian resource. I would never have changed the model at Infosys, it was too successful there. Here, the premium the...
  • Don't see Satyam as going forward: iGATE CEO March 16, 2009

    CEO of iGATE, Phaneesh Murthy stated that the company is less concerned about Satyam's margins and more on revenues. He feels there is a need to analyse impact of key customers exiting on Satyam's revenues. According to him, shareholder loss in Satyam could be around $100 million. However, he believes that...
  • Phaneesh Murthy's iGATE open to buying Satyam January 23, 2009

    Phaneesh Murthy of iGATE says his company is open to buying Satyam Computers Services Ltd. Phaneesh Murthy was the global head sales and marketing at Infosys. He was based in the US and was one of Infosys' highest paid employees and tipped to lead the IT giant. But a sexual...