IDG Ventures India on Thursday announced that Kiran Karnik, former president of National Association of Software and Service Companies (Nasscom) and a recipient of the Padma Shri has joined the company, on their global advisory board. IDG Ventures India's advisory board includes icons like N Balasubramanian, K B Chandrashekar, Arjun Malhotra, Sridhar Mitta, Jagdish Sheth and V Sumantran. Kiran Karnik was president of Nasscom till January 2008.
The announcement was made by Corporate Affairs Minister P C Gupta, whose ministry had earlier moved the Company Law Board to disband the erstwhile Satyam board after disclosure of fraud by company founder Ramalinga Raju
'Indians are merely going for software programming: it is like a car mechanic repairing cars, which is a tremendous ability. But though we can repair cars we cannot design them!' says Nasscom president Kiran Karnik.
After heading the apex body for six years, and being instrumental in placing the Indian IT industry on the global map.
Kiran Karnik has decided to step down from his role as president, Nasscom. The premier software association has already initiated a search process to locate a successor.
Acknowledging him as the person trying to direct the path of the offshoring movement, US magazine Forbes has described, Nasscom president Kiran Karnik, as the 'Face of the Year'.
'But I would not like to write it myself. I don't think it will be right.'
The tax authorities challenged a Gujarat high court judgement that had dismissed their appeal holding that Karnik could not be held guilty of even deemed concealment. A Bench headed by Justice D K Jain, while posting the matter for final hearing, rejected Karnik's counsel P K Manohar's plea to allow him to file a counter affidavit.
India is at the edge of a precipice. It can now take off and soar, going ever higher, it can stay where it is; or it can suddenly begin to fall. Giving it wings and confidence is the IT-BPO sector, says Nasscom president Kiran Karnik.
Kiran Karnik, president of National Association of Software and Service Companies, apex body of India's software industry, was recently named the 'Dataquest IT Person of the Year 2005'. \n\n
Nasscom president Kiran Karnik on Wednesday suggested the government should allow establishment of private higher and technical educational institutions on the lines special economic zones to provide quality education in the country.
Nasscom president Kiran Karnik on Wednesday urged the West Bengal government to keep politics out of the IT industry and find new IT destinations in the districts of the state.
On the possibility of the company tapping banks for funds, he said, "We need a bank loan...as this is a viable commercial company. This is not a so called bailout". The board was given the tough task of protecting the interest of over 50,000 Satyam's employees and stakeholders following Raju's revelation of fudging accounts.
The Satyam Computer board plans to invite bids for a strategic investor in the next few days and expects to garner a healthy amount as investment, company chairman Kiran Karnik said on Monday.
Last week, three of Satyam's big clients -- Nestle, Nissan and CIBA -- who were on wait and watch mode, assured the firm of their continued support with with the firm. Nestle is also believed to have given some additional business to Satyam. Analysts had feared that post the acquisition of the firm by Tech Mahindra, clients of Satyam, who were sitting on the fence, would jump to other vendors.
Reacting to the red brigade's call for unionisation in the outsourcing industry, IT association Nasscom on Monday said working conditions in the business process outsourcing sector do not warrant formation of unions.
Moving quickly to stabilise the fraud-devastated Satyam Computer, the government on Sunday nominated noted banker Deepak Parekh, IT expert Kiran Karnik and former Sebi member C Achuthan to the infotech company's board.
Kiran Karnik, president of National Association of Software and Service Companies day hinted on Thursday at a possible slowdown in the momentum of India's information technology exports after 2010,due to the recent tax impositions on the sector.
Congress President Sonia Gandhi, noted industrialist Ratan Tata and Nasscom president Kiran Karnik were named among 25 'Stars of Asia' by the US-based magazine BusinessWeek for being in the 'forefront of change.'
The government does not see any conflict of interest in HDFC chairman Deepak Parekh and former Nasscom President Kiran Karnik, who are directors on the board of Satyam's competitors, being on the troubled company's board.
With better infrastructure and quality human talent, Chennai fares better than Bangalore in attracting new investments from business process outsourcing and software firms
The board -- which includes, Kiran Karnik, T N Manoharan, former chief, ICAI, and HDFC chief Deepak Parekh, appeared relieved after a marathon run of selecting a bidder for the scam-tainted firm.
IT software industry trade body Nasscom has rejected allegations made by US senators of abuse of visas by some Indian companies.
Indian software firms are being courted by American and European companies for research and developing solutions for fourth generation telecom products designed for deployment across the world, Kiran Karnik
Nasscom president Kiran Karnik on Friday said the software association was in constant touch with various authorities for resolving the matter involving CEO of an i-flex arm.
It's for the first time that someone from the industry will hold the position of president at Nasscom.
Nasscom president Kiran Karnik on Tuesday said there is nothing to worry and asserted the cancelled contract of Indiana state of US would be refloated again where outside companies, including TCS, could bid.
India faces shortage of people for high-end industrial work that is based on research and development, Kiran Karnik, president of National Association of Software and Service Companies said on Monday.
ndia's IT and BPO exports are expected to grow by 33.47 per cent to $31.9 billion in 2006-07 from $23.9 billion
'Software industry on track towards 30% exports'
The six-member board -- comprising HDFC chairman Deepak Parekh, former Nasscom president Kiran Karnik, former Sebi member C Achuthan, CII chief mentor Tarun Das, renowned chartered accountant TN Manoharan and LIC nominee Suryakant Balakrishnan -- met in Hyderabad on Thursday for the third time after it was constituted January 12.
Ganesh Natarajan, deputy chairman and managing director, Zensar Technologies Limited has been appointed vice chairman, Nasscom for the current year.
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