Grand Jury

JaithirthRao is currently Chairman of Value Budget Housing Development Corporate of India Pvt. Ltd.
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. Mr. Rao was for several years Chairman and CEO of MphasiS. MphasiS grew to be one of the large I.T.-BPO companies of India..JaithirthRao is currently Chairman of Value Budget Housing Development Corporate of India Pvt. Ltd. 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. Mr. Rao was for several years Chairman and CEO of MphasiS. MphasiS grew to be one of the large I.T.-BPO companies of India. In 2006, MphasiS became a subsidiary of EDS which in turn was acquired by H.P.

Mr. Rao was named the Ernst & Young 'Entrepreneur of the Year - 2004' for the New York region, which followed his being similarly awarded in India two years previously. He was also given the ‘Entrepreneur of the Year’ award by the Economic Times. The University of Chicago has conferred a ‘Distinguished Alumnus’ award on Mr. Rao. In 2005, the State of Karnataka honoured him with its Rajyotsava Award.

Mr. Rao held several positions in Citibank prior to his founding MphasiS in 1998. In a banking career spanning over 20 years, he served with Citi and its parent Citicorp in various capacities in Asia, Europe, South America, and North America. Mr.Rao was a founder of the Online Banking Association in the U.S. He has testified before the U.S Congress on Internet-related issues.

He has been chairman of NASSCOM and is currently Chairman of NASSCOM Foundation.  He is a Trustee of Sujaya Foundation and Chairman of the India Foundation for the Arts.

He holds a Bachelor’s degree in Chemistry from Loyola College in Chennai and Master’s degrees in Management from the Indian Institute of Management, Ahmedabad and from the University of Chicago. Mr. Rao is also visiting faculty at IIM Ahmedabad. His personal interests include reading, traveling and writing poetry on which Penguin India has published a book. He also writes a fortnightly column for the Indian Express