Current Job: CEO, MphasiS
MBA, University of Chicago
MBA, IIM Ahmadabad
Bachelors of Science, Madras Christian College
Raised in Mumbai
Jaithirth “Jerry” Rao is CEO of MphasiS. Originally from Bangalore in India, and a graduate of Loyola College in Chennai, Mr. Rao studied further at the Indian Institute of Management in Ahmadabad (IIM-A), and the University of Chicago.
?Mr. Rao held several positions in Citibank prior to his founding MphasiS in 1998. In a banking career of over 20 years, he served with Citi and its parent Citicorp in various capacities in Asia, Europe, South America, and North America. He was Head of the Development Division of Citicorp and Chairman and CEO of Transaction Technologies Inc., based in California. Earlier, he was Country Head for Consumer Banking in India, where he was primarily responsible for building one of the bank?s most successful Asian retail and credit card franchises. When he left Citicorp, Mr. Rao was part of Citi?s Operating Review Group ? the top 50 managers in the company.
In 1998, Mr. Rao started MphasiS Corporation, a software company based in California, which subsequently merged with BFL Software in 2000 to form MphasiS-BFL with twin headquarters in Santa Monica, California, and Bangalore, India. In June 2006, EDS took a controlling stake in the company for $380 million. MphasiS Vice Chairman Jeroen Tas and Mr. Rao were named the Ernst & Young ‘Entrepreneur of the Year 2004′ for the New York region, which followed his India award two years previously. In 2005, the Government of the Indian state of Karnataka honored him with the prestigious Rajyotsava Award. He is also a published poet.