Anil Kumar

This article is about the business leader. For other people named Anil Kumar, see Anil Kumar (disambiguation).

Anil Kumar
Born1958 (age 65–66)
Patna, Bihar, India
CitizenshipUnited States
Alma materIIT Bombay
Imperial College London
University of Pennsylvania
Occupation(s)Consultant, Management expert
EmployerMcKinsey & Company, Inc.
Known forCo-Founder of Indian School of Business
Knowledge Process Outsourcing
Business Process Outsourcing
SpouseMalvika
ChildrenShubham Kumar

Anil Kumar (born 1958) is an Indian-American former senior partner and director at management consulting firm McKinsey & Company, where he co-founded McKinsey's offices in Silicon Valley and India and created its Internet practice (representing a quarter of McKinsey's business at the time) among others. Kumar is additionally the co-founder of the Indian School of Business with Rajat Gupta and the creator of two different kinds of outsourcing. He graduated from IIT Bombay in India, Imperial College in the UK, and The Wharton School in the US.

In 2010 he pleaded guilty to insider trading in a dramatic "descent from the pinnacle of the business world."[1] He was the government's first cooperator and most important witness "in two of the most important securities fraud trials in history"[2] against close friends and business partners Raj Rajaratnam, the billionaire founder of the Galleon Group family of hedge funds, and Rajat Gupta, the former head of McKinsey and Company and a board member of Goldman Sachs and Procter and Gamble. Rajaratnam and Gupta were both convicted in separate high-profile criminal trials. He was sentenced in 2012 by Judge Denny Chin to two years of probation in exchange for testimony against Rajaratnam and Gupta.[3] Chin stated that "greed wasn't the motive in [Kumar's] case" and that "this was aberrational conduct ... Mr. Kumar has led a law-abiding and productive life."[4] Federal prosecutors called Kumar "one of the best and most important cooperating witnesses" they had ever worked with.[5]

In 2015, an investigation noted that Mr. Kumar had illegally collected funds from insider trading in offshore accounts in the name of his domestic worker, Manju Das.[6][7] The investigation alleged that Das had no knowledge of these accounts, which were created with identity documents falsified by Mr. Kumar; and that Mr. Kumar had paid Ms. Das far below minimum wage for several years in violation of US law.[6]

  1. ^ Pulliam, Susan; Rothfeld, Michael (14 March 2011). "Motive for Stock Leak Can Be Respect, Love". The Wall Street Journal.
  2. ^ Brodsky, Reed; Tarlowe, Richard (20 July 2012). "Government's Sentencing Memorandum (section 5K1.1(a) (1)-(5))"]. United States Attorneys Office for the Southern District of New York". United States Department of Justice – via United States District Court for the Southern District of New York.(registration required)
  3. ^ Vachani, Nilita (9 November 2015). "The Strange, True Story of the Man Whose Maid Was Worth Millions". The Nation. ISSN 0027-8378. Retrieved 29 September 2020.
  4. ^ Bray, Chad (19 July 2012). "Kumar Avoids Jail for His Help in Insider Crackdown". The Wall Street Journal.
  5. ^ Hurtado, Patricia (16 July 2012). "Kumar's Rajaratnam Cooperation 'Extraordinary,' U.S. Says". Bloomberg.
  6. ^ a b "The Strange, True Story of How a Chairman at McKinsey Made Millions of Dollars off His Maid". The Nation. 14 December 2015. ISSN 0027-8378. Retrieved 10 November 2015.
  7. ^ Vachani, Nilita (14 November 2015). "How Anil Kumar made millions off his maid". Business Standard India. Retrieved 12 August 2020.