N. R. Narayana Murthy

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N. R. Narayana Murthy
CBE
NRN inauguration.JPG
Murthy inaugurating ISiM's new building
Born (1946-08-20) 20 August 1946 (age 68)[1]
Mysore, Kingdom of Mysore (now, Karnataka), India
Alma mater University of Mysore
IIT Kanpur
Occupation Executive Chairman, Infosys
Salary INR1 (1.6¢ US)(Per annum)[2]
Net worth $1.55 billion (2013)[3]
Spouse(s) Sudha Murthy
Children 2[4]

Nagavara Ramarao Narayana Murthy CBE (Kannada: ನಾಗವಾರ ರಾಮರಾವ್ ನಾರಾಯಣ ಮೂರ್ತಿ; born 20 August 1946), commonly referred to as Narayana Murthy, is an Indian IT industrialist and the co-founder of Infosys, a multinational corporation providing business consulting, technology, engineering, and outsourcing services. Murthy studied electrical engineering at the National Institute of Engineering, University of Mysore, and M. Tech at the Indian Institute of Technology Kanpur.

Before starting Infosys, Murthy worked with Indian Institute of Management Ahmedabad as chief systems programmer and Patni Computer Systems in Pune (Maharashtra). He started Infosys in 1981 and served as its CEO from 1981 to 2002 and as chairman from 2002 to 2011. In 2011, he stepped down from the board and became Chairman Emeritus. On 1 June 2013, Murthy was appointed as Additional Director and Executive Chairman of the board for a period of five years.[5][6]

Murthy has been listed among the 12 greatest entrepreneurs of our time by Fortune magazine.[7] He has been described as Father of Indian IT sector by Time magazine due to his contribution to outsourcing in India.[8] Murthy has also been honoured with the Padma Vibhushan[9] and Padma Shri awards.[10]

Early life and education[edit]

Narayana Murthy was born on 20 August 1946 in Sidlaghatta,[11] Karnataka. After completing his school education, he appeared for the Indian Institute of Technology entrance test but could not attend. Instead he went to the National Institute of Engineering and graduated in 1967 with a degree in Electrical Engineering. In 1969 he received his master's degree from the Indian Institute of Technology in Kanpur.[12][13]

Career[edit]

Murthy started his career at IIM Ahmedabad as chief systems programmer.[14] There he worked on India's first time-sharing computer system [13] and designed and implemented a BASIC interpreter for Electronics Corporation of India Limited.[15] He started a company named Softronics. When that company failed after about a year and a half, he joined Patni Computer Systems in Pune.[16]

Murthy and six software professionals founded Infosys in 1981[17][18] with an initial capital injection of Rs 10,000, which was provided by his wife Sudha Murthy.[19] Murthy served as the CEO of Infosys for 21 years from 1981 to 2002[17] and was succeeded by co-founder Nandan Nilekani.[19] At Infosys he articulated, designed and implemented the Global Delivery Model for IT services outsourcing from India.[20] He was Chairman of the Board from 2002 to 2006, after which he became Chairman of the Board and Chief Mentor.[19][21] In August 2011, he retired from the company, taking the title Chairman Emeritus.[22][23]

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.[3][24] He also serves as a member of the advisory boards and councils of several educational and philanthropic institutions,[3][24] including Cornell University, INSEAD, ESSEC, Ford Foundation, the UN Foundation, the Indo-British Partnership, Asian Institute of Management, a trustee of the Infosys Prize, and as a trustee of the Rhodes Trust.[25] He is also Chairman of the Governing board of Public Health Foundation of India.[26] He serves on the Asia Pacific Advisory Board of British Telecommunications.[24][27] In 2005 he co-chaired the World Economic Forum in Davos.[28]

On 1 June 2013, Murthy returned to Infosys as Executive Chairman and Additional Director. On June 12, 2014 it was announced that Murthy would step down as Executive Chairman effective June 14. He would continue as Non-Executive Chairman till October 10. On October 11, Murthy will be designated as Chairman Emeritus.[29]

Personal life[edit]

His wife, Sudha Murthy née Kulkarni,a B.E. in Electrical Engineering from the B.V.Bhoomaraddi College of Engineering & Technology,Hubli. standing first in her class and receiving a gold medal from the Chief Minister of Karnataka. Thereafter, she completed an M.E. in Computer Science from the Indian Institute of Science, standing first in her class and receiving a gold medal from the Indian Institute of Engineers[30] now an Indian social worker and author. She does philanthropic work through the Infosys Foundation.[31] He has two children, a son Rohan Murty and a daughter Akshata Murthy. Rohan is a Junior Fellow in the Society of Fellows at Harvard University. On 1 June 2013, he joined Infosys as an executive assistant to his father.[32] He left Infosys effective June 14, 2014.[29] Akshata completed her MBA from Stanford Business School.[33]

Awards and honours[edit]

Year Name Awarding organization Ref.
2013 25 Greatest Global Indian Living Legends NDTV [34][35][36]
2013 Sayaji Ratna Award Baroda Management Association, Vadodara [37]
2013 Philanthropist of the Year The Asian Awards [38]
2012 Hoover Medal American Society of Mechanical Engineers [39]
2011 NDTV Indian of the Year's Icon of India NDTV [40]
2010 IEEE Honorary Membership Institute of Electrical and Electronics Engineers. [41]
2009 Woodrow Wilson Award for Corporate Citizenship Woodrow Wilson International Center for Scholars [42]
2008 Padma Vibhushan Government of India [43]
2008 Officer of the Legion of Honor Government of France [44]
2007 Commander of the Order of the British Empire (CBE) Government of United Kingdom [45]
2007 IEEE Ernst Weber Engineering Leadership Recognition Institute of Electrical and Electronics Engineers [46]
2003 Ernst & Young World Enterpreneur Of The Year Ernst & Young World Enterpreneur Of The Year Jury [47]
2000 Padma Shri Government of India [10]

Books[edit]

  • A Better India: A Better World by N. R. Narayana Murthy ; Penguin Books, 2009 [48]

References[edit]

  1. ^ "Narayana Murthy to retire in August". The Economic Times. 22 May 2006. Retrieved 20 April 2013. 
  2. ^ "Narayana Murthy returns as Infosys executive chairman as company falters". Times of India. 1 June 2013. Retrieved 19 July 2013. 
  3. ^ a b c "N.R. Narayana Murthy & family". Forbes. Retrieved 20 April 2013. 
  4. ^ "India Today 2005 Power List". Indiatoday.com. 21 February 2005. Retrieved 8 November 2011. 
  5. ^ "Infosys appoints Narayana Murthy as Executive Chairman of the board, KV Kamath steps down". The Economic Times. 1 June 2013. Retrieved 1 June 2013. 
  6. ^ "Narayana Murthy Appointed as Additional Director and Executive Chairman of Infosys Board". Bloomberg TV India. 
  7. ^ "Narayana Murthy is among Fortune's 12 'greatest entrepreneurs'". Hindustan Times. 28 March 2012. Retrieved 1 June 2013. 
  8. ^ "INDIA'S INFLUENTIALS N.R. Narayana Murthy". Time (magazine). 15 August 2007. Retrieved 1 June 2013. 
  9. ^ "LN Mittal, Ratan Tata, Narayana Murthy get Padma Vibhushan". Economic Times. 26 Jan 2008. Retrieved 2 June 2013. 
  10. ^ a b "N.R. Narayana Murthy | Infosys | Catamaran Fund | Personalities –". Karnataka.com. Retrieved 8 November 2011. 
  11. ^ Subramanya, K.V. (9 March 2011). "He studied in Kannada medium till Class 10". The Hindu (Chennai, India). 
  12. ^ "Narayana Murthy’s Childhood". Retrieved 1 June 2013. 
  13. ^ a b "Narayana Murthy on Achievers' Club". Retrieved 1 June 2013. 
  14. ^ "485 Interview with N.R. Narayana Murthy". India-seminar.com. Retrieved 7 March 2013. 
  15. ^ "Business Leaders NARAYANA MURTHY". Retrieved 2 June 2013. 
  16. ^ Roy, Prannoy (29 March 2008). "An Interview With Narayana Murthy". maheshone. Retrieved 7 March 2013. [dead link]
  17. ^ a b "NR Narayana Murthy's Profile ,Founders of Infosys Technologies". Retrieved 1 June 2013. 
  18. ^ "Infosys Announces Leadership Succession". Infosys. 30 April 2011. Retrieved 7 March 2013. 
  19. ^ a b c "Infosys Chairman Narayana Murthy Steps Down". yentha.com. 20 August 2011. Retrieved 20 August 2011. 
  20. ^ "Management Profiles,N. R. Narayana Murthy". Infosys Limited. Retrieved 1 June 2013. 
  21. ^ Non-Executive Chairman - MSN Report.
  22. ^ "Infosys chairman Narayana Murthy calls it a day". The Times of India. 19 August 2011. Retrieved 19 August 2011. 
  23. ^ "Friday farewell: Narayana Murthy logs out of Infosys". IBNLive. 20 August 2011. Retrieved 20 August 2011. 
  24. ^ a b c Bloomberg Businessweek profile - N. R. Narayana Murthy CBE
  25. ^ "The Rhodes Trust and Trustees - The Rhodes Trust". Rhodeshouse.ox.ac.uk. Retrieved 8 November 2011. 
  26. ^ "Narayana Murthyto chair PHFI". The Hindu (Chennai, India). 12 July 2011. Retrieved 19 July 2011. 
  27. ^ "United Nations Foundation - N. R. Narayana Murthy (India)". Unfoundation.org. 20 August 1946. Retrieved 8 November 2011. 
  28. ^ "How to build a great company". Rediff.com. 31 January 2005. Retrieved 8 November 2011. 
  29. ^ a b "Vishal Sikka to be CEO and MD of Infosys, Murthy Non-Executive Chairman". news.biharprabha.com. Retrieved 12 June 2014. 
  30. ^ http://www.boldsky.com/insync/life/2011/sudha-murthy-the-woman-behind-170811.html
  31. ^ Venkatesha Babu (18 December 2009). "Gururaj Deshpande - The serial entrepreneur". Mint (HT Media Ltd). Retrieved 22 March 2011. 
  32. ^ "Rohan Murty to join Infosys as Narayana Murthy's executive assistant". The Economic Times. 2013-06-01. 
  33. ^ "Akshata Murthy and Rishi Sunak’s simple no tamasha, traditional wedding". WeddingSutra.com. 
  34. ^ Udit Rajan (December 14, 2013). "Courage most important attribute of a great leader: Narayana Murthy – NDTV". News Little. Retrieved 2014-02-26. 
  35. ^ "NDTV honours 25 Greatest Global Living Indian Legends as it turns 25". Best Media Info. 2013-12-16. Retrieved 2014-02-26. 
  36. ^ Deepshikha Ghosh, ed. (December 14, 2013). "Courage Most Important Attribute Of A Great Leader: Narayana Murthy". Newshour24.com. Retrieved 2014-02-26. 
  37. ^ BMA to honour Narayana murthy The Times of India 11-Mar-2013
  38. ^ Winners at the Asian Awards
  39. ^ "Infosys founder Narayana Murthy receives 2012 Hoover Medal". timesofindia.com. Retrieved 25 October 2012. 
  40. ^ "NDTV Indian of the Year 2011". ndtv.com. Retrieved 19 October 2011. 
  41. ^ "IEEE Honorary Membership Recipients". IEEE. Retrieved 20 December 2010. 
  42. ^ "Wilson Center Awards Dinner in New Delhi, India". Woodrow Wilson International Center for Scholars. Retrieved 9 January 2009. 
  43. ^ "Padma Vibhushan Awardees - Padma Awards - My India, My Pride - Know India: National Portal of India". India.gov.in. Retrieved 8 November 2011. 
  44. ^ "Naryanamurthy receive highest civilian honour of France". The Times of India. Retrieved 26 January 2008. 
  45. ^ "British Honorary Awards". 
  46. ^ "IEEE Ernst Weber Engineering Leadership Recognition Recipients". IEEE. Retrieved 20 November 2010. 
  47. ^ "WEOY winner 2003". E&Y. Retrieved 10 June 2013. 
  48. ^ "A Better India: A Better World". Retrieved 1 June 2013. 

External links[edit]