After bidding adieu to his technology firm, this ex-Citibanker-turned-poet is now indulging in his latest passion of providing affordable housing for the masses.
Jerry Rao has been carefully building up a string of investments through the angel investor route ever since he sold a majority stake in MphasiS to EDS for around $350 million. Rao is understood to have invested in atleast 20 companies in India ranging from wine firms to legal process outsourcing. According to a statement from NEA, Jerry Rao and Amit Sharma have joined NEA India to expand its scope of operations.
ITeS company Mphasis chairman Jerry Rao has invested an undisclosed amount in Royal Orchid Group of Hotels after joining the group's board of directors.
Jerry Rao will be appointed vice president and general manager of the India operations of Electronic Data Systems.
Former Citibanker and MphasiS founder wants to provide affordable housing to low-income buyers. What's his business model?
Chairman of MphasiS, Jerry Rao has raked in nearly Rs 24 crore (Rs 240 million) within a week, from December 15 to 22, 2006.
In the wake of boost from the Budget & RBI move on affordable housing, Tata Housing & Mahindra Lifespace, among others, plan new launches.
Economist Gandhi: The Roots and the Relevance of the Political Economy of the Mahatma by retired entrepreneur Jerry Rao provides insights into a hidden facet of Gandhi's personality -- his thoughts on economics and capitalism -- and also highlights some of his views on religion, ethics, human nature, education and society.
US President Barack Obama should care about creating jobs in both Bengaluru and Buffalo and not only the latter, former Nasscom chairman told an American federal body.
From books that will inspire you to dreaming beyond the obvious, read on for life lessons from these successful IIM alumni.
Definition of voluntary offers rules out hostile bids, say corporate lawyers.
The fundamental reason I chose to venture into this area is rather straightforward -- there is a significant market for high-quality, low-price residences in this country.
MphasiS, the IT and business process outsourcing service provider, has seen some changes in recent years. First, the Bangalore-based company promoted by Jerry Rao was acquired by EDS. Then, HP acquired EDS last year.
Stay Hungry, Stay Foolish is the story of 25 IIM Ahmedabad graduates who chose the rough road of entrepreneurship. The book seeks to inspire young B-school graduates to look beyond placements and salaries. To believe in their dreams.
It's wonderful that Jerry Rao is planning to build houses that cost Rs 700,000 or less. The former Citibanker's model is simple enough: land is bought with the equity capital while construction is financed through bank loans at market-related rates currently anywhere between 11 and 13 per cent.
IT company Mphasis BFL Ltd has acquired US-based Eldorado Computing Inc, a healthcare insurance business process outsourcing outfit, for $16.5 million in an all cash deal.
MphasiS serves clients in multiple industries, including financial services, transportation, technology and health care.
Baring Private Equity Partners on Monday denied any plans to restructure MphasiS BFL or its management team.
National Association of Software and Service Companies said on Thursday that the Indian government should aggressively negotiate on services at the World Trade Organisation.
But the incident showed that we did have good security in place because it did not involve any breach into our network, says MphasiS CEO Jerry Rao.
National Association of Software and Service Companies, which has been advocating for data security laws for long, made an about turn on Thursday and said that the industry does not need more laws.
IT & BPO company Mphasis on Wednesday said it will set up its third Indian BPO centre in Mangalore which will become operational in the next fiscal and will look at acquisitions in the IT services space in the United Kingdom.
Foreign banks set the template in consumer banking in its infancy, but have almost vacated this booming space.
Through the newly created business vertical Happinest, MLDL will launch two such housing projects in Boisar near Mumbai and Avadi in Chennai.
Bangalore-based couple Sneha Sundaram and Bharath Bevinahally tell us how Kutuki, an early learning app, will change the way 200 mn kids in Indian will access education.
Did men and women of redoubtable experience and public service, upholders of the country's steel frame and paragons of corporate governance, never smell a rat?
The NCLT said the new board must hold its meeting by October 8 and come out with a road map before the next hearing on October 31
At present there is virtually no dialog between votaries of different various versions of economic democracy.
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