MAN BEHIND INFOSYS Narayan Murthy
Narayan Murthy is the most inspirational person from India, He and other six friends started his Infosys in the year 1981 with an initial investment of Rs 10000 from his wife Sudha Murthy. He served as a CEO of Infosys for 21 years.He is the seat from 1991 to 2002. He started the IT company from India in 1981, that time the computer is not familiar.
Childhood and Early Life
- Full name is Nagavara Ramarao Narayana Murthy (born 20 August 1946) is an Indian billionaire businessman, and philanthropist. He is the co-founder of Infosys, and has been chairman, chief executive officer (CEO).
- He was born and raised in Shidlaghatta, Karnataka British India.
- He completed graduation from National Institute of Engineering, University of Mysore with a bachelor’s degree in electrical engineering and a master’s from the Indian Institute of Technology Kanpur (IIT Kanpur).
His Father is N. Rama Rao and Mother Padavathamma Murthy, His father was a school teacher.
- His dream was pursuing engineering from the Indian institute of technology he cleared in the first attempt.
- Later, he working for Indian Institute of Management (IIM) (Ahmedabad) as a Chief Systems Programmer and his tasks included working on India’s first time-sharing computer system. He also designed and implemented a BASIC interpreter for Electronics Corporation of India Limited (ECIL).
- In the 1970’s, he start his first entrepreneurial venture Softronics, a software consulting firm.But after about a year company sadly forced to shut it down. Due to this event, he was left with no other option but to take up a job, hence,later he joined Patni Computer Systems in Pune as a General Manager.
- Then he had a job with his to-be father-in-law(R.H. Kulkarni )before he joining the company he made sure to get married to Sudha. Because he was going to the US for training and wanted to complete the marriage before that.
Infosys and Murthy
- Sudha Murthy gaves gave him ₹10,000 that she had saved for the off days.
- In January 1981, he met six of his software engineer friends in his apartment to discuss on how they could create a company to write software codes.
- In 1982 they moved to Pune and bought a small house on loan. The company’s registered office was N. S. Raghavan house at Dadar, Mumbai, but the front room of Narayana’s house was used as their office.
- After six months of aggressive preparations, Infosys was registered on 2nd of July, 1981. It then used to be known as Infosys Consultants Private Limited. The company was cofounded by Narayan Murthy, Nandan Nilekani, N. S. Raghavan, S. Gopalakrishnan, S. D. Shibulal, K. Dinesh and Ashok Arora.
- Infosys moved to Bangalore when it got its first client Data Basics Corporation from the United States in 1983. But this time it was only Narayana who had moved, that to without his wife (because her son had infantile eczema, an allergy to vaccinations).
- In 1993, Infosys apart from acquiring the ISO 9001/TickIT certification, took the biggest leap since their initiation and went public, and soon after the IPO.
- 1999, they company grew by manifolds when it announced that it had touched revenues worth $100 million and had also got listed on NASDAQ. What was even more commendable was that at that time, Infosys was known to be amongst the 20 biggest companies by market capitalization on the NASDAQ.
- 2002, after taking the company to revenues worth $500 million Narayana decided to take the back seat, and Nandan Nilekani took over the position of CEO.
- On 1 June 2013, Murthy returned to Infosys as Executive chairman and Additional Director. On 12 June 2014 it was announced that Murthy would step down as Executive chairman effective 14 June. He would continue as Non-Executive chairman until 10 October. On 11 October, Murthy was to be designated as chairman Emeritus.
- Murthy serves as an independent director on the corporate board of HSBC and has served as a director on the boards of DBS Bank, Unilever, ICICI and NDTV.
- He is also Chairman of the Governing board of Public Health Foundation of India.
- Listed as 25 Greatest Global Indian Living Legends by NDTV (2013)
- Awarded as the Philanthropist of the Year by The Asian Awards (2013)
- Received the NDTV Indian of the Year’s Icon of India (2011)
- Received the ‘Woodrow Wilson Award’ for by Woodrow Wilson International Center for Scholars (2009)
- Received the Officer of the Legion of Honor by the Government of France (2008)
- Awarded as the Commander of the Order of the British Empire (CBE) by the Government of United Kingdom (2007)
- Won the Ernst & Young World Entrepreneur Of The Year (2003)