Genpact Names Sanjeev Prasad as New CIO

Genpact Limited (NYSE: G), a global leader in business process and technology management, today announced that Sanjeev Prasad has been named Chief Information Officer effective immediately. In his new role, Prasad will be responsible for delivering enterprise applications and services, and driving IT innovation for the company.

Prasad will be specifically focused on utilizing technology such as Business Process as a Service (BPaaS), virtualization and cloud computing in order to provide cost-effective, highly-scalable and quick-to-market solutions, products, and platforms for clients. He will lead the strategy and partnerships for BPaaS products in key vertical markets such as manufacturing, financial services and health care while building a strong product engineering and implementation organization. This effort will help Genpact target new markets such as mid-size organizations while also providing technology for the company’s Smart Enterprise Process (SEP^SM) offering.

A respected industry veteran, Prasad brings more than 25 years of functional expertise in delivering complex projects across multiple verticals and possesses deep knowledge of diverse IT products and tools. He joined Genpact in 2006 as an IT leader supporting a key North American financial services company where he successfully transitioned over 40 processes and set up IT operations for their Mexico facility. In his most recent role as the CIO of Genpact’s India and Philippines operations, he was responsible for IT solutions, transitions and technology landscape for Genpact. Prasad was also instrumental in setting up the ‘products’ organization and ushering in transformational technologies for Genpact customers.

"Sanjeev is an outstanding leader with the technical depth and expertise required to support our company's growth and expansion into new markets” said Pramod Bhasin, President and CEO, Genpact. "His extensive experience will also add immense value in more easily and quickly transforming our clients’ businesses through leading technology platforms, partnerships and services.”

Prior to joining Genpact, Prasad was an entrepreneur for 10 years and owned a successful IT company, STG International, which went public in 2000. He has also worked for U.S.-based Fortune 500 companies including Nortel and Amdahl. Prasad holds a postgraduate degree in engineering from the University of Texas.

Regarding his appointment, Prasad said, "As CIO, my key priority is to ensure that IT is completely aligned to Genpact’s business objectives. In particular, I will work to make sure that the IT organization is nimble, optimizing costs, bringing in new platforms that enable Genpact to enter new markets, and is responding swiftly to the transformation needs of our clients. I am excited about this challenging role and the opportunity to leverage emerging technologies for greater business effectiveness.”

Prasad replaces Walter Yosafat, who has left Genpact for a new role outside of the company. Yosafat did an exceptional job of leading Genpact’s global IT delivery and building operational rigor across operations in the Americas.

About Genpact

Genpact is a global leader in business process and technology management, offering a broad portfolio of enterprise and industry-specific services. The company manages over 3,000 processes for more than 400 clients worldwide. Putting process in the forefront, Genpact couples its deep process knowledge and insights with focused IT capabilities, targeted analytics and pragmatic reengineering to deliver comprehensive solutions for clients. Lean and Six Sigma are an integral part of Genpact’s culture and Genpact views the management of business processes as a science. Genpact has developed Smart Enterprise Processes (SEP^SM), a groundbreaking, rigorously scientific methodology for managing business processes, which focuses on optimizing process effectiveness in addition to efficiency to deliver superior business outcomes. Services are seamlessly delivered from a global network of centers to meet a client’s business objectives, cultural and language needs and cost reduction goals. Learn more at www.genpact.com.