||It has been suggested that iGATE Patni be merged into this article. (Discuss) Proposed since May 2012.|
|Traded as||NASDAQ: IGTE|
|Industry||Information technology and Services|
|Headquarters||California, United States|
|Key people||Ashok Vemuri
Chief Executive Officer
|Revenue||US$ 1.073 billion (2012) |
|Net income||US$ 97.2 million (2012)|
|Total assets||US$ 5.2 billion (2012)|
|Total equity||US$ 600 million (2012)|
iGATE Corporation (IGTE:US) is a NASDAQ-listed, US-incorporated outsourcing company with the majority of its operations in India and most of its 30,000 employees based in Bangalore.  Its flagship company is iGATE Global Solutions in Whitefield in Bangalore, India. It was founded by Sunil Wadhwani and Ashok Trivedi. iGate Inc is an American multinational corporation which provides information technology, consulting and business process outsourcing (BPO) services. It is headquartered in Fremont, California, USA.
Customers include companies in banking & financial services; insurance & healthcare; life sciences; manufacturing, retail, distribution & logistics; media, entertainment, leisure & travel; communication, energy & utilities; federal government; and independent software vendors across the Americas, Europe- Middle East-Africa (EMEA) and Asia-Pacific.
iGATE is the brand name of iGATE Corporation and its subsidiaries.
Dec 9, 2013 BANGALORE: Phaneesh Murthy, who was fired as iGate CEO in May, has filed a defamation and breach of contract case against his former employer.
In a lawsuit filed in a California court last week, Murthy said iGate was aware of his "consensual relationship" with a subordinate employee "at least as early as January 2012". The Nasdaq-listed company had fired Murthy on the grounds that he had failed to report his relationship with the company's investor relations head Araceli Roiz.
The purpose of the policy is to provide the company with the opportunity to assign the subordinate employee to a different supervisor or otherwise take steps to avoid a conflict of interest or undue influence.
"iGate lied," Murthy told TOI in an exclusive interaction. "The board knew. I have a signed letter from an independent director (in iGate) saying that the board all along knew about it, and therefore there was no need to inform. Another board member called and told me the board knew about it. If somebody knows about it and tells you that they know about it, you don't have to inform them. And once they knew, they could have changed the reporting relationship. In any case, she was not reporting to be (directly)," he said.
The lawsuit points out that there have been a number of similar consensual relationships in iGate, but the company had not acted on any, barring Murthy's. "Indeed, when at least one very senior executive (not Mr Murthy) had a relationship with a subordinate employee, iGate took no action whatsoever, despite iGate's knowledge of the relationship, and despite that the senior executive never formally reported the relationship to the company. The executive is still associated with iGate. The subordinate employee is still employed with iGate," the lawsuit says. The suit states this as "further proof that iGate improperly used the reporting policy to terminate Mr Murthy".
Murthy has also charged iGate with withholding his vested stocks and various benefits due to him. "I had more than 500,000 vested stocks, and these were vested 4-5 years ago. That's a lot of money (valued at $17.5 million at current iGate share price). I did not sell the stocks, and the board had requested me not to sell saying it would send a negative signal," Murthy said.
He is also claiming other termination benefits and $6,000 per month that he was to get as medical benefit even after he left the company. "The medical benefit clearly says it is regardless of the reasons for termination," he said.
"Employment contracts are sacrosanct. I have put in several years of hard work, built up something (iGate) from nothing, and still if they refuse to honour the contract, it's not a good thing. This just won't stand in a US court," he said.
In April 2013, Royal Bank of Canada was accused of replacing Canadian jobs and outsourcing the work to iGate India. The Canadian government has said it will review these allegations and will investigate the case. This is being investigated by Human Resources and Skills Development Canada and Citizenship and Immigration Canada. The CBC News report described iGate as a multinational outsourcing firm from India.
US Department of Justice Fines
On May 1, 2008 iGate was fined $45,000 for discrimination against American employees. Between May 9, 2006, and June 4, 2006, iGate placed 30 job announcements for computer programmers that expressly favored H-1B visa holders to the exclusion of U.S. citizens, lawful permanent residents, and other legal U.S. workers.
Key Industry Verticals
In addition to these, iGATE serves its customers through following Horizontal Business Units across various industries:
Offices and Development Centers
iGATE has development centers at India and/or regional offices in the following Indian cities: Bangalore, Hyderabad, Chennai, Pune, Navi Mumbai, Mumbai, Gandhinagar and Noida. Its Indian headquarters is in Bangalore, in the suburb of Whitefield.
On October 29, 2009, iGATE expanded its Global Delivery facility at its corporate campus in Whitefield, Bangalore. The new facility provides 115,000 sq.feet of additional workspace with features such as LED and Solar Power lighting, an ozone-friendly air conditioning system, organic waste converter and a water recycling system.
Apart from India, iGATE has branches in the following nations: United States of America, Australia, Belgium, Canada, Mexico, Malaysia, Singapore, United Kingdom, Germany, Japan, Switzerland, South Africa and Sweden.
iGate no longer has an office in France. This followed a 2006 disciplinary action from GE (www.ge.com) requesting that all French i-Gate personnel working in GE Capital France Equipment Finance in Nanterre (92000) be removed. All French i-Gate personnel working for GE in France was then removed by the end of June, 2006 and their employment contracts terminated. GE initiated disciplinary action because i-GATE did not comply with GE's rules regarding background investigations on French employees working at GE sites.
Asia Pacific (APAC)
Europe, Middle East & Africa (EMEA)
iGATE Knowledge Park (formerly Patni Knowledge Park), Airoli, Mumbai
Green IT-BPO centre in NSEZ, Noida
|This section needs additional citations for verification. (May 2013)|
- In the International Association of Outsourcing Professionals’ (IAOP) 2010 Global Outsourcing 100 List:
- Ranked No 35
- Named best 20 Global Outsourcing Leaders in UK and for the second successive year in Canada
- Placed as one of the Top 20 global IT companies serving the Discrete Manufacturing Industry
- Named as a leading IT vendor for the Insurance Industry
- iGATE Ranked No.3 in a survey conducted by Data Quest Magazine for "IT BEST EMPLOYERS".
- CNBC-TV18 Survey ranks iGATE as No.1 employer of choice in India in IT/ITeS Sector.
- Named as 2010 Global Services 100 provider for the third year in a row.
- Ranked in the FINTECH 100 2010 for the third year in a row.
- Awarded LEED (leadership in Energy and Environmental Design) Gold Certificate for new delivery facility in Bangalore, India.
- Won the Bronze Award from the League of American Communications Professionals LLC (LACP) in the 2009 Vision Award Annual Report Competition.
- iGATE’s printing governance solution wins the Best IT implementation of the year 2010 – Green IT category from PC Quest Magazine, India.
- The company has been assessed at CMMI Level 5, Six Sigma methodologies and is COBIT, ISO 9001 and ISO 27001 certified
- Won the prestigious Performance Excellence Trophy against the IMC Ramakrishna Bajaj National Quality Award Criteria 2009 in the Service Category.
- It has been ranked the second best employer in India across all industries in the Business Today-Mercer-TNS Best Companies to Work for survey.
iGATE's competitors in most of its business arenas are the Indian IT players such as Infosys, HCL Technologies and Wipro. It is striving to win projects against Multinational Corporations such as IBM, Accenture, Cognizant Technology Solutions, Tata Consultancy Services.
"After breaking into the billion dollar club - helped by the 2011 Patni acquisition - iGate led by former Infosys executive [[Phaneesh]] has been pursuing an aggressive strategy to change outsourcing industry's traditional model of charging for time and effort. Instead, Murthy wants to charge for outcomes delivered, thus sharing greater risk with clients."
- "iGate caught in Canadian visa controversy over violation of immigration laws". Bangalore, India: Economic Times Bureau. 9 April 2013.
- Reuters (8 April 2013). "RBC under lens for outsourcing jobs to iGate". Times of India.
- Mehta, Diana (05 April 2013). "RBC scrambles to explain hiring practices to Canadians after contentious report". Canadian Press (Calgary Herald).
- Tomlinson, Kathy (6 April 2013). "RBC replaces Canadian staff with foreign workers: Axed employee blows whistle; federal government investigating". CBC News. Retrieved 6 April 2013.
- "#08-369: 05-01-08 iGate Mastech Inc. to Pay $45,000 in Civil Penalties to Settle Discrimination Claim:". US Department of Justice. 1 May 2008. Retrieved 6 April 2013.
- "Patni software park to seat 17,000". Rediff.com. Retrieved 2010-07-16.
- Greener Living. "GREEN SEZ IN NOIDA | Greener Living". Greenerlivingonline.com. Retrieved 2010-07-16.
- "Patni Inaugurates Green IT-BPO Centre in Noida : Global Growth Investors". General Atlantic. Retrieved 2010-07-16.