Romesh T. Wadhwani is the founder, chairman and CEO of Symphony Technology Group (STG), a strategic private equity firm that is a partner in building software, Internet and technology-enabled services companies.
Education
Wadhwani received his Bachelor of Science degree from the Indian Institute of Technology, Bombay and his MS and PhD degrees in electrical engineering from Carnegie Mellon University.
Career
Wadhwani is Executive Chairman of Symphony Teleca Corporation, MSC Software Inc., Symphony Health Solutions Inc. and Shopzilla Inc. and is also on the Board of Information Resources Inc. Wadhwani is also the largest limited partner in each of Symphony’s private equity funds, the third of which closed recently at $870 million.
Wadhwani has been recognized by Forbes Magazine in the Forbes 400 and also in the Forbes Global 1000.
Prior to Symphony, Wadhwani was the founder and former chairman and CEO of Aspect Development, Inc., from its startup in 1991 to its acquisition in 2000 by i2 Technologies for $9.3 billion. Wadhwani grew Aspect Development to become an industry leader in software, analytic and content solutions for supply chain management and optimization. Prior to Aspect, for ten years each, Wadhwani was founder, chairman and CEO of two companies, one specializing in software and solutions for computer-integrated manufacturing and the other in technology-enabled energy management solutions.
Wadhwani is on the Board of Trustees of the Kennedy Center for the Performing Arts and the Center for Strategic and International Studies, both in Washington, D.C.
Summary
| Romesh T. Wadhwani | |
|---|---|
| Born | 1947/1948 (age 69–70) India |
| Residence | Palo Alto, California, US |
| Citizenship | American |
| Education | IIT Bombay Carnegie Mellon University |
| Occupation | Founder & chairman of Symphony Technology Group |
| Known for | Internet companies, philanthropy |
| Net worth | $2.8 billion (August 2015) |
| Spouse(s) | Married, 1 child |
Romesh T. Wadhwani Net Worth: Romesh T. Wadhwani is an American billionaire who has a net worth of $2.5 billion. He first entered the world’s richest rankings when he sold his software company Aspect Development Capital to i2 Technologies for $9.3 billion in stock in the period of the dot-com boom. But when the so-called tech bubble burst and i2 shares flopped, Wadhwani lost most of his net worth. Next, he invested $250 million in the inception, acquisition or construction of manifold IT companies, now known as Symphony Technologies Group, which he chairs. That move secured him place on the billionaires list once again in 2010. Wadhwani’s STG hold a combined $2 billion fortune in revenues and it employees over 14,000 people. Romesh T. Wadhwani earns the credits for the company’s vast expansion as he had only a few dollars when he came to the States in 1969. He first graduated from the Indian Institute of Technology in Mumbai and then he acquired a Ph.D. in electrical engineering at Carnegie Mellon. With his Wadhwani Foundation, which has over $100 million in assets, he intends to accelerate economic development and job creation in India, supporting skills development colleges for young adults and entrepreneurship networks at Indian universities. Today, Wadhwani is one of the billionaires who have signed Bill Gates’ and Warren Buffett’s Giving Pledge and sits on the boards of the Kennedy Center and the Center for Strategic and International Studies.
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