Jerry Rao

Jaithirth "Jerry" Rao is an Indian businessman and entrepreneur. He is the founder and former CEO of the software company Mphasis. He is the founder of Value and Budget Housing Corporation (VBHC) (now known as VBHC Value Homes Pvt. Ltd.), an affordable housing venture which he founded in 2008 (Official website).^[1][2] He was also a founder and director of Home First Finance Company,^[3] a Housing Finance company focused on providing housing finance to first time home buyers.^[4] He was also a member of the editorial advisory board of the Swarajya magazine.^[5]

In 1998, Rao started Mphasis Corporation, a software company based in California, which subsequently merged with BFL Software in 2000. MphasiS rapidly rose to be one of the top 10 IT/BPO companies in India.^[6] In 2008, EDS acquired a majority stake in MphasiS.^[7] Mr. Rao stayed on as non-executive chairman of MphasiS and for some time as advisor to EDS.

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.

India.^[8] Rao is an alumnus of Loyola College, Chennai, Indian Institute of Management Ahmedabad and the University of Chicago. He has also been given a Distinguished Alumnus Award from Loyola College, IIM Ahmedabad and the University of Chicago. His many areas of interest include sustainable construction technology, I.T. strategy, customer relationship management (CRM) and e-commerce – a subject on which he has testified before the US Congress^{[citation needed]}. He teaches at IIM Ahmedabad^{[citation needed]}, IIT Bombay^{[citation needed]} and at LIBA, Chennai^{[citation needed]}. He has been Entrepreneur-in-Residence at Harvard Business School^{[citation needed]}. Rao has been on the boards of various companies. He has been on the Board of Trustees of Nasscom Foundation, Sujaya Foundation and India Foundation for the Arts^{[citation needed]}