If you love your work, you dont work for a single day
B Patankar, Chief Technology Advisor of the Bombay Stock Exchange, moved
the trading process at BSE from the open outcry system to one that uses advanced
technology. Sneha Khanna profiles this true Mumbaika
Being a true learner at heart to being a true team leader is
in the basic nature of S B Patankar. He is the man behind the current face of
BSEs IT infrastructure where uncountable transactions takes place in a
day, and to manage all these is not an easy task.
Patankar is a firm believer in the fact that if you love what
you do you will never have a single working day in life. According to him, one
can be physically tired but not mentally if one truly enjoys his job. He is
also a hard core believer that technology can change the way people live their
lives. He believes that technology can truly play a significant role in making
things easier and simpler for people.
Mumbai has always been the home for Patankar right from childhood.
Patankar believes that from it was his shift from the earlier house in the Girgaum
chawls to the Santacruz cosmopolitan area that brought about a change in his
life. According to him, this shift gave him tremendous exposure and lessons
in life that helped him later on.
HIS FATHER'S SON
The B.E (Electronics) from VJTI, Mumbai, counts the greatest
guiding forces in his life as his fathers dedication in life and his teachers.
According to Patankar, this has made the greatest impact on him as a human being
and as professional.
Patankar firmly believes that his fathers attitude
towards work and the personal attention from all his
teachers at school have been the biggest moulding factors
in his life. Patankar truly believes in the Mahabharata
story of Arjun and the fish which shows that a person
with a vision and a focussed approach in life can achieve
anything he wants.
Loves watching TV
Kasautii Zindagi Kay
World is Flat by T L Friedman
give back to society
able to fix everything, called Mr Fix-it
Being an engineer came naturally to Patankar. Right from repairing
taps in his house to handling supercomputers, technology always interested him.
It was this inclination, and his fathers advice, that made Patankar opt
for engineering. This is why he says that he cannot recollect being below first
division or missing out on a class in his entire life.
Patankar started his career with IBM in 1974. He feels that
he gained the most valuable career lessons of his life there. He says that working
three years at IBM was equivalent to ten elsewhere. He cherishes IBMs
professional and focused approach towards issues and its insistence on world
class quality. Being an undisputed international leader, it made its employees
believe that there is always a better way of doing things. Patankar says that
during this tenure as a customer engineer at IBM, he always got appreciated
by his customers, due to his penchant for doing his work perfectly.
After his stint in Big Blue, Patankar joined CMC in 1977 where
he worked for 19 years and got to grips with IT. Handling areas like hardware
maintenance, inventory control, and system integration made him a specialist
One of the major projects that Patankar worked on during this
stint was BOLT (Bombay Online Trading System) where he was the project manager
and had to take care of all aspects of BSEs functioning. He had to take
care of critical applications where 99.99 percent uptime, high reliability,
and scalability were required. He was responsible for successfully converting
the open outcry system into a fully automated system.
However, Patankar feels that the biggest challenge was that
of educating traditional brokers who had no prior knowledge of computers. After
a series of exhaustive training and mock trading sessions, the brokers were
ready to take on their new role.
Patankar successfully completed this challenging project within
two years. Some of the other projects that he worked upon in CMC were the Online
Railway Reservation Expansion Plan, Nagpur-Durg Railway SCADA, and Xth Mediterranean
Games, Syria, 1987. The Mediterranean Games project was an exciting project
where there was no chance of an error as Indias image was at stake.
successfully completing this project, Patankar was appointed as Director, Information
Technology at BSE where he has worked on many major projects like the Badla
project, BSE Surveillance project, BSE Webex (Internet based trading system),
and the online trading auction.
Today, Patankar is happy to see the BSE stock market, where
the earlier T+21 day settlement system has now been replaced by a T+2 system.
Today, if a person sells a share, he will get his money on the third day after
the transaction as compared to the earlier timeframe of almost three weeks.
This would not have been possible without seamless integration of all the systems
which allows for an automated, rapid flow of data.
Currently, Patankar is working on a revamp of the BSE Webex
Patankar feels that in todays dynamic and fast changing
world the responsibility of a CIO has changed from just being an EDP manager
who handles the systems to being a person who must have full knowledge of business
and IT. This is crucial to ensure that he can connect business processes and
ITs role in it.
Rather than being a technical person, the CIO should be able
to see the larger picture. This is essential since it is the use of technology
that makes a successful business. If a CIO is able to achieve this, he has done
justice to his role.
NO ROOM FOR HYPOCRISY
hates hypocrites as well as cunning, and cheating people. Honesty is something
that has always melted him and it is this quality of being able to judge people
that have made him a natural team leader.
He believes that being able to judge people gave him the knowledge
of what can be assigned to which person in the organisation. Patankar is a truly
believer in giving a total support system to team members and being there in
the times when they need him.
A DREAM FOR INDIA
Patankar truly believes in the fact that IT can change the
way people live their lives. Apart from his role in BSE, he is also a member
of the board of directors at Central Depository Services Limited (CDSL). CDSL
plays a significant role in helping convert the physical form of shares into
electronic form. He considers himself a change agent who uses IT to change the
way people live and make things easier for people.
Patankar believes that there is no such thing called retirement
from work and wants to continue working even after his retirement. He firmly
believes that India has a tremendous potential which is not tapped due to reasons
like corruption and will like to contribute to the society in which ever way
Patankar truly believes that it is the support from his family,
father and teachers that has helped him to be truly successful in all aspects
in his life. Blessed with two daughters, Patankar is a content man in life.