Nitin Rakesh Mphasis CEO Salary

Mr. Nitin Rakesh joined the Board of Mphasis as its CEO and Executive Director in January 2017. Mr. Nitin Rakesh was appointed as
Managing Director on 29 September 2021.

Mr. Nitin Rakesh, Chief Executive Officer and Managing Director

Mr. Nitin Rakesh is a distinguished leader in the Technology and Financial services industries. His career spans over two decades leading
large transnational operations and delivering transformative digital solutions to Fortune 500 companies. A computer science engineer at
heart, Mr. Nitin Rakesh’s lifelong passion for Innovation and Technology is evident throughout his career.

Coupled with his deep domain expertise in Banking, Financial Services and Insurance verticals, strong customer orientation and an entrepreneurial mindset, he has been able to bring cutting-edge offerings consistently to accelerate value creation for customers, shareholders and employees.

Notably, it has led to the introduction of Mphasis’ C=X2C2 =1TM formula for success, (hyper-personalization; drive n=1 powered by Cloud and Cognitive); driving multi-dimensions of business value with an integrated consumer-centric Front2BackTM Digital Transformation driven by IP assets which resulted in the remarkable turnaround of Mphasis into a leading global software services firm. When Mr. Nitin Rakesh joined Mphasis in January 2017, the market cap was $1.7 billion; as at present, it is approx. $6.13 billion. Under his leadership, Mphasis also set a record of highest deal wins in its history, thus re-defining benchmarks and growing above industry rate.

Prior to joining Mphasis, Mr. Nitin Rakesh was the CEO and President of Syntel (NASDAQ listed IT Services Company). Before he was
appointed as the CEO, he served as president, Americas for Syntel, where he headed Business Development and North American
operations. Earlier, as the Founding CEO and Managing Director of Motilal Oswal Asset Management Company, he led the launch of
many award-winning innovative investment products, including India’s first US equities-based Exchange Traded Fund that tracks the
NASDAQ-100 index.

His work with companies on advising them on their transformation roadmap with an ‘Applied Technology’ mindset
earned him the Gold Stevie for ‘Executive of the Year – Computer Services’, under the Management award category. He also won the
‘2019 American Business Awards and International Business Awards – Gold Stevie’ under the ‘Tech Innovator of the Year – Services’

Mr. Nitin Rakesh’s maiden book has been recognized as ‘Best Business Book’ in the ‘Publication Award Category’ of American Business
Awards and has won the International Business Book title at 2021 Business Book Awards. He is one of the first 250 CEOs globally
across 26 countries who has committed to build an inclusive work environment, end disability inequality through business performance
and create social and economic value of people living with disabilities across the world.

He is an active member of US – India Strategic Partnership Forum (USISPF) and member of the NASSCOM executive council. Mr. Nitin Rakesh is a Nominee Director of ASK Investment Manager and Founding Trustee of Plaksha University in India, a new model of engineering education and research through collective philanthropy to transform higher education in India. He also serves as a founding Trustee of Ashoka University in India.

Mr. Nitin Rakesh holds a Bachelor’s degree in Engineering (Computer Science) from Delhi Institute of Technology, Delhi University and
has received his Master’s in Management from Narsee Monjee Institute of Management Studies, Mumbai and is also an alumni of
Harvard Business School’s CEO Workshop.

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