When Mr Jerry Rao left Citicorp, he was part of Citi’s Operating Review Group – the top 50 managers in the company. He found he was among the top 50, but did not foresee to be among the top 10 in near future. Rather as the Head of the Development Division of Citicorp and Chairman and CEO of Transaction Technology, he saw tremendous opportunity for IT Service company. He founded his own company MphasiS.
As a thumb rule, young and smaller companies grow at a faster pace than the bigger ones. In 2005 when the big companies Wipro/Infosys/TCS were growing at faster pace than their companies like MphasiS, he decided to merge his brain child with bigger name EDS.
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