Romesh T. Wadhwani
|Born||1947/1948 (age 72–73)|
Karachi, British India
|Alma mater||IIT Bombay|
Carnegie Mellon University
|Occupation||Founder and chairman of Symphony Technology Group|
|Known for||Internet companies, philanthropy|
|Net worth||$3.3 billion (November 2019)|
|Spouse(s)||Kathleen "Kathy" Wadhwani|
Romesh T. Wadhwani (born 1947/48) is an Indian-American billionaire businessman, the founder, chairman and CEO of Symphony Technology Group (STG), a private equity firm for software, Internet and technology services companies.
Romesh T. Wadhwani was born in Karachi, British India (now Pakistan), and his family moved to India following its independence post-1947. He is of Sindhi origin. He contracted polio at age of 2 and had difficulty getting admission in school. He received a bachelor's degree from the IIT Bombay, and master's and PhD degrees in electrical engineering from Carnegie Mellon University.
For ten years, Wadhwani was founder, chairman and CEO of two companies, one specializing in software and solutions for computer-integrated manufacturing and the other in technology-enabled energy management.
Wadhwani was then founder, chairman and CEO of Aspect Development, Inc., from its startup in 1991 to its acquisition in 1999 by i2 Technologies for $9.3 billion in stock.
Wadhwani is executive chairman of Symphony Teleca Corporation, MSC Software Inc, Symphony Health Solutions Inc and Shopzilla Inc, and is on the board of Information Resources Inc. Wadhwani is the largest limited partner in each of Symphony's private equity funds, the third of which closed at $870 million.
He established the Wadhwani Foundation for economic development in emerging economies, with an initial focus on India. Initiatives in India include the National Entrepreneurship Network, which has established programs to enable growth-centric entrepreneurship at over 500 universities and colleges; a skills college network to help train and place large numbers of young adults in vocational jobs; an opportunities network for the disabled; and a research initiative in biosciences and biotechnology to help create jobs through innovation. The Foundation has launched a US-India policy initiative, with Rick Inderfurth, previously Assistant Secretary of State, as the Wadhwani Chair at the Center for Strategic and International Studies, a policy think tank in Washington D.C. and Hemant Singh, former Indian Ambassador to Japan, as the head of the Wadhwani program at ICRIER, a major policy institute in Delhi. Wadhwani won the India Abroad Award for Lifetime Achievement in 2013.
- "Forbes profile: Romesh T. Wadhwani". Forbes. Retrieved 20 November 2019.
- Gupta, Ashish (5 June 2015). "How to create jobs by the million". Fortune India. Archived from the original on 30 March 2018. Retrieved 7 May 2020.
The white-haired, soft-spoken Sindhi was born in Karachi, and later moved to India with his parents.
- Krishna, Mrinalini. "Q&A With Immigrant Billionaire Romesh Wadhwani: America Needs Immigrants". Forbes.
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- "Romesh Wadhwani: The Renaissance Man - Forbes India". Forbes India. Retrieved 22 February 2018.
- "Wadhwani". glasspockets.org. Retrieved 22 February 2018.
- "2011-08-31 Wadhwani - Carey Family Party - Singularity University". singularityu.org. Retrieved 22 February 2018.
- "Oceanfront Ceremony & Opulent Pink and Metallic Reception". insideweddings.com. Retrieved 22 February 2018.
- Gaenger, Sheridan. "Mastering Your Employer Brand to Fuel Talent Acquisition". symphonytalent.com. Retrieved 22 February 2018.
- ANI (11 August 2018). "Romesh Wadhwani conferred with degree of Doctor of Science by IIT Bombay". Business Standard India. Retrieved 16 January 2020.