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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13D-1 AND 13D-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. _)*
PATNI COMPUTER SYSTEMS LIMITED
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(Name of Issuer)
AMERICAN DEPOSITARY SHARES
EQUITY SHARES, PAR VALUE Rs. 2 PER SHARE**
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(Title of Class of Securities)
703248203
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(CUSIP Number)
DECEMBER 31, 2005
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[_] Rule 13d-1(b)
[_] Rule 13d-1(c)
[X] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
**Not for trading, but only in connection with the registration of the American
Depositary Shares, each representing two Equity Shares, par value Rs.2 per
share.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP NO. 703248203 SCHEDULE 13G Page 2 of 11
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NAME OF REPORTING PERSON
1. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
General Atlantic LLC
(formerly known as General Atlantic Partners, LLC)
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5. SOLE VOTING POWER
NUMBER OF 22,913,949*
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SHARES 6. SHARED VOTING POWER
BENEFICIALLY OWNED -0-
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BY EACH REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 22,913,949*
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WITH 8. SHARED DISPOSITIVE POWER
-0-
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
22,913,949*
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
16.6%
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12. TYPE OF REPORTING PERSON
OO
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* Includes 10,080,934 American Depositary Shares ("ADS") representing
20,161,868 Equity Shares held by The Bank of New York as depositary. In
addition, General Atlantic Mauritius Limited ("GAML") owns 2,752,081 Patni
Computer Systems Limited's ("Patni") Equity Shares directly. General
Atlantic GenPar (Mauritius) Limited ("GenPar") controls the management of
GAML by virtue of ownership of a majority of its voting shares. General
Atlantic LLC ("GA") owns all the shares of GenPar.
CUSIP NO. 703248203 SCHEDULE 13G Page 3 of 11
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NAME OF REPORTING PERSON
1. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
General Atlantic GenPar (Mauritius) Limited
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Mauritius
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5. SOLE VOTING POWER
NUMBER OF 22,913,949*
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SHARES 6. SHARED VOTING POWER
BENEFICIALLY OWNED -0-
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BY EACH REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 22,913,949*
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WITH 8. SHARED DISPOSITIVE POWER
-0-
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
22,913,949*
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
16.6%
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12. TYPE OF REPORTING PERSON
CO
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* Includes 10,080,934 ADSs representing 20,161,868 Equity Shares held by The
Bank of New York as depositary. In addition, GAML owns 2,752,081 Patni
Equity Shares directly. GenPar controls the management of GAML by virtue of
ownership of a majority of its voting shares. GA owns all the shares of
GenPar.
CUSIP NO. 703248203 SCHEDULE 13G Page 4 of 11
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NAME OF REPORTING PERSON
1. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
General Atlantic Mauritius Limited
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Mauritius
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5. SOLE VOTING POWER
NUMBER OF 22,913,949*
------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY OWNED -0-
------------------------------------------------
BY EACH REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 22,913,949*
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WITH 8. SHARED DISPOSITIVE POWER
-0-
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
22,913,949*
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
16.6%
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12. TYPE OF REPORTING PERSON
CO
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* Includes 10,080,934 ADSs representing 20,161,868 Equity Shares held by The
Bank of New York as depositary. In addition, GAML owns 2,752,081 Patni
Equity Shares directly. GenPar controls the management of GAML by virtue of
ownership of a majority of its voting shares. GA owns all the shares of
GenPar.
CUSIP NO. 703248203 SCHEDULE 13G Page 5 of 11
ITEM 1. (a) NAME OF ISSUER.
Patni Computer Systems Limited
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES.
Akruti Softech Park
MIDC Cross Road No. 21
Andheri (E), Mumbai 400 093
India
ITEM 2. (a) NAME OF PERSON FILING.
This Statement is being filed on behalf of each of the
following persons (collectively, the "Reporting Persons")
(i) General Atlantic LLC
(formerly known as General Atlantic Partners, LLC)
(ii) General Atlantic GenPar (Mauritius) Limited
(iii) General Atlantic Mauritius Limited
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE.
c/o General Atlantic Service Company, LLC
3 Pickwick Plaza
Greenwich, CT 06830
(c) CITIZENSHIP.
GA - Delaware
GenPar - Mauritius
GAML - Mauritius
(d) TITLE OF CLASS OF SECURITIES.
American Depositary Shares
Equity Shares
(e) CUSIP NUMBER.
703248203
ITEM 3. This Statement is not being filed pursuant to either Rule 13d-1(b) or
13d-2(b) or (c).
CUSIP NO. 703248203 SCHEDULE 13G Page 6 of 11
ITEM 4. OWNERSHIP.
For each Reporting Person:
(a) Amount beneficially owned: 22,913,949*
(b) Percent of class: 16.6%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: 22,913,949
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition
of: 22,913,949
(iv) Shared power to dispose or to direct the disposition
of: 0
* Includes 10,080,934 ADSs representing 20,161,868 Equity Shares
held by The Bank of New York as depositary. In addition, GAML
owns 2,752,081 Patni Equity Shares directly. GenPar controls
the management of GAML by virtue of ownership of a majority of
its voting shares. GA owns all the shares of GenPar.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check the
following [_].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not applicable.
CUSIP NO. 703248203 SCHEDULE 13G Page 7 of 11
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
See Exhibit 99.1 attached hereto.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
Not applicable.
CUSIP NO. 703248203 SCHEDULE 13G Page 8 of 11
SIGNATURES
After reasonable inquiry and to the best of our knowledge and
belief, the undersigned certify that the information set forth in this
statement is true, complete and correct.
Dated as of February 14, 2007
GENERAL ATLANTIC LLC
By: /s/ Christopher G. Lanning
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Name: Christopher G. Lanning
Title: Managing Director
GENERAL ATLANTIC GENPAR (MAURITIUS)
LIMITED
By: /s/ Christopher G. Lanning
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Name: Christopher G. Lanning
Title: Director
GENERAL ATLANTIC MAURITIUS LIMITED
By: /s/ Christopher G. Lanning
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Name: Christopher G. Lanning
Title: Director
CUSIP NO. 703248203 SCHEDULE 13G Page 9 of 11
EXHIBIT INDEX
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Exhibit 99.1 Identity of Members of Group.
Exhibit 99.2 Joint Filing Agreement, as required by Rule 13d-1(k)(1)
under the Securities Exchange Act of 1934, as amended.
CUSIP NO. 703248203 SCHEDULE 13G Page 10 of 11
EXHIBIT 99.1
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IDENTITY OF MEMBERS OF GROUP
General Atlantic LLC
General Atlantic GenPar (Mauritius) Limited
General Atlantic Mauritius Limited
CUSIP NO. 703248203 SCHEDULE 13G Page 11 of 11
EXHIBIT 99.2
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JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)(1)
The undersigned acknowledge and agree that the foregoing statement
on Schedule 13G with respect to the Equity Shares and American Depositary
Shares of Patni Computer Systems Limited is filed on behalf of each of the
undersigned and that all subsequent amendments to this statement on Schedule
13G shall be filed on behalf of each of the undersigned without the necessity
of filing additional joint filing statements. The undersigned acknowledge that
each shall be responsible for the timely filing of such amendments, and for the
completeness and accuracy of the information concerning it contained herein,
but shall not be responsible for the completeness and accuracy of the
information concerning the other entities, except to the extent that it knows
or has reason to believe that such information is inaccurate.
Dated as of February 14, 2007
GENERAL ATLANTIC LLC
By: /s/ Christopher G. Lanning
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Name: Christopher G. Lanning
Title: Managing Director
GENERAL ATLANTIC GENPAR (MAURITIUS)
LIMITED
By: /s/ Christopher G. Lanning
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Name: Christopher G. Lanning
Title: Director
GENERAL ATLANTIC MAURITIUS LIMITED
By: /s/ Christopher G. Lanning
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Name: Christopher G. Lanning
Title: Director