|Alma mater||Xavier's University, United States|
University of Cincinnati
Indian Institute of Technology Bombay
Prashant Ranade is the Co-Chairman of Syntel, Inc., a position to which he was appointed on 3 November 2016. He was formerly Executive Vice Chairman of Syntel's Board of Directors and also served as the company's Chief Executive Officer and President from February 2010.
Early life and education
Prashant Ranade did his schooling and college in Mumbai.
He studied mechanical engineering at the Indian Institute of Technology (IIT), Bombay, in 1975. He later moved to the United States where he earned his MS in Control Engineering from the University of Cincinnati in 1977 and did his MBA in Marketing and Finance at Xavier University, USA in 1982.
Ranade lived in the United States for 35 years and has worked in Europe and other parts of the world.
Ranade started his career as an engineer with Siemens Energy and Automation, and while working there he pursued his Masters in Business Administration from Xavier University in 1982. During his tenure, spanning 27 years, he grew in the company from being a trainee to handling leadership roles in different departments of the company like Energy and Automation, Controls and PLCs, Medical Technology and Logistics Business, culminating in his last role as the CEO of a group company with revenues over $2 billion
Ranade has been a member of Syntel's Board of Directors since June 2007, and was formally appointed Chief Executive Officer and President on 2 February 2010. He was elevated to become Co-Chairman of Syntel on 3 November 2016.
Ranade is a member of the National Association of Corporate Directors and served as an adjunct professor at Grand Valley State University, where he taught an MBA course on Operations Management, Global Competitiveness and Leadership. He is also a member of engineering and manufacturing trade groups such as IEEE and MAPI, and has authored several articles on topics related to electromechanical equipment and their applications.
Ranade is also on the Board on Enactus India, a global community of student, academic and business leaders whose stated aim is to use entrepreneurial action to transform lives and shape a more sustainable world.
Awards and honors
- Distinguished Alumnus, Department of Mechanical, Industrial and Nuclear Engineering, University of Cincinnati, 2007
- Distinguished Alumnus Award, IIT Bombay, Mumbai, 2007
- "Archived copy". Archived from the original on 2014-04-10. Retrieved 2014-04-05.CS1 maint: Archived copy as title (link)
- Kurup, Rajesh (5 February 2014). "Syntel elevates Prashant Ranade as Executive Vice-Chairman". The Hindu Business Line. Retrieved 11 November 2018.