Anant Koppar to exit EDS-MphasiS

Anant Koppar, who founded Kshema Technologies and subsequently sold out to MphasiS, is set to exit the company by December-end.

According to sources in MphasiS, Koppar has indicated his decision to the newly-minted management team at EDS-MphasiS. Koppar is expected to start a new venture, likely to be in the software products sector focusing on enterprise mobility.

Koppar founded Kshema Technologies along with a couple of other tech entrepreneurs in 1997 and sold it to MphasiS in April 2004 for close to $22 million.

Kshema, with funding from IL&FS, focuses on software solutions in industrial automation and embedded technologies, healthcare and life sciences and enterprise applications. It had a topline of around $50 million at that time.

Post this acquisition, Koppar was driving MphasiS' technology business as its president and continues to hold that position post EDS' acquisition of a majority control of MphasiS for $380 million. Senior officials at MphasiS added that Koppar had indeed conveyed his decision to move on, pending approval.

Koppar has a masters degree in technology in computer engineering from IIT Kharagpur, and prior to striking out on his own with Kshema, he had stints at BFL Software, Wipro and Tata Elxsi.

Over the past year, he also took on the mantle of president, Bangalore Chamber of Commerce and Industry (BCIC and actively argued for bettering the infrastructure in the state.