Patni family backs CEO over son
By Shalini Singh

Patni Computer Systems is one of the success stories of the Indian tech sector. Patni has 13,600 employees working in 28 international offices and they generated $719 Million in revenue in 2008. Its stock price which had risen dramatically after recent lows will further strengthen after the market digests the news that the family owned company chose their CEO over a son.

The Economic Times which broke the story is reporting

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MUMBAI: Anirudh Patni, the son of Patni Computer Systems founder Narendra Patni, has resigned from the company because of differences with its new CEO Jeya Kumar, at least two persons familiar with his exit said on Tuesday.

According to the second person, Anirudh had submitted his resignation on December 15, which was accepted by the management the same day. He had joined the company almost a decade ago, and was part of the executive leadership team as senior VP for strategy and corporate development, his last designation before he quit. Both spoke on condition of anonymity because of the sensitivity of the matter.
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It seems the Patni family had given their new CEO a free hand.  CEO Jeya Kumar politely praised Anirudh’s ‘contribution’ to the company before letting it be known “Anirudh had a functional role and we don’t see an impact on our growth prospects. “