N. R. Narayana Murthy
|N. R. Narayana Murthy|
Speaking at Horasis Global China Business Meeting 2006
20 August 1946 |
Mysore, Karnataka, India
|Alma mater||University of Mysore
|Occupation||Executive Chairman, Infosys|
|Net worth||$1.55 billion (2013)|
Nagavara Ramarao Narayana Murthy usually referred to as Narayana Murthy is an Indian businessman and the co-founder of Infosys, a multinational corporation providing business consulting, technology, engineering, and outsourcing services. Murthy was born and raised in Mysore, Karnataka, studied Electrical Engineering at National Institute of Engineering, University of Mysore, and M.Tech from Indian Institute of Technology Kanpur.
Before starting Infosys, Murthy worked with Indian Institute of Management Ahmedabad as chief systems programmer and Patni Computer Systems,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 an Additional Director and the Executive Chairman of the board, for a period of five years.
Narayana Murthy has been listed among the 12 greatest entrepreneurs of our time along with Apple's late chief Steve Jobs, Microsoft founder Bill Gates and Facebook CEO Mark Zuckerberg by Fortune magazine. He has been described as Father of Indian IT sector by Time magazine due to his contribution in outsourcing revolution in India. Murthy has also been honoured with the Padma Vibhushan, India's second highest civilian award and Padma Shri, India's fourth highest civilian award.
Early life and education
Narayana Murthy was born on 20 August 1946 in a Kannada Brahmin family to Sri R H Kulkarni and Vimala Kulkarni at Mysore,located in the Indian state of Karnataka. He came from a poor but educated family. His father was a high school teacher and an avid reader of English Literature. He has been a very bright student from his childhood days.In his school days,he was very good in studies, especially in Physics and Mathematics.
After completing his school education he appeared for Indian Institute of Technology (IIT) entrance test and did very well. But due to the financial problem of his family he could not join IIT. Instead he joined National Institute of Engineering, then affiliated to University of Mysore and graduated in 1967 with a degree in Electrical Engineering. Two years later, in 1969 he received his master's degree from Indian Institute of Technology, Kanpur.
Murthy started his career at IIM Ahmedabad as chief systems programmer. There he worked on India's first time-sharing computer system  and designed and implemented a BASIC interpreter for Electronics Corporation of India Limited. He started a company named Softronics. When that company failed after about a year and a half, he joined Patni Computer Systems in Pune.
Murthy along with other six software professionals founded Infosys in 1981  with an initial capital injection of Rs 10,000, which was invested by his wife Sudha Murthy. Murthy served as the CEO of Infosys for 21 years from 1981 to 2002  and was succeeded by co-founder Nandan Nilekani in 2002. At Infosys he articulated, designed and implemented the Global Delivery Model for IT services outsourcing from India. He held the executive position of Chairman of the Board from 2002 to 2006, when he became the "non-executive" Chairman of the Board and Chief Mentor. In August 2011, he retired completely from the company and taking the title Chairman Emeritus.
Murthy serves as an independent director on the corporate boards of HSBC and has served as a director on the boards of DBS Bank, Unilever, ICICI and NDTV. He also serves as a member of the advisory boards and councils of several educational and philanthropic institutions, 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  that manages the Rhodes Scholarship. He is also the Chairman of the Governing board of Public Health Foundation of India  He also serves on the Asia Pacific Advisory Board of British Telecommunications. In 2005 he co-chaired the World Economic Forum in Davos. He also received an honorary degree from Lancaster University.
On 1 June 2013, Murthy returned to Infosys as Executive Chairman and Additional Director.
His wife, Sudha Murthy née Kulkarni, is an Indian social worker and author. She does philanthropic work through the Infosys Foundation. He has two children, a son Rohan Murty and a daughter Akshata Murthy.Rohan Murty is a Junior Fellow in the Society of Fellows at Harvard University. He has a Ph.D. in Computer Science from Harvard University and a Bachelor's degree in Computer Science from Cornell University and has held fellowships at MIT, Caltech, and Microsoft Research. He has authored several papers and patents as part of his research on wireless and mobile computing. On 1 June, he joined Infosys as an executive assistant to his father.
Awards and honours
- "Narayana Murthy to retire in August". The Economic Times. 22 May 2006. Retrieved 20 April 2013.
- "N.R. Narayana Murthy & family". Forbes. Retrieved 20 April 2013.
- "India Today 2005 Power List". Indiatoday.com. 21 February 2005. Retrieved 8 November 2011.
- "Infosys appoints Narayana Murthy as Executive Chairman of the board, KV Kamath steps down". The Economic Times. 1 June 2013. Retrieved 1 June 2013.
- "Narayana Murthy is among Fortune's 12 'greatest entrepreneurs'". Hindustan Times. 28 March 2012. Retrieved 1 June 2013.
- "INDIA'S INFLUENTIALS N.R. Narayana Murthy". Time (magazine). Retrieved 1 June 2013.
- "LN Mittal, Ratan Tata, Narayana Murthy get Padma Vibhushan". Economic Times. 26 Jan 2008. Retrieved 2 June 2013.
- "N.R. Narayana Murthy | Infosys | Catamaran Fund | Personalities –". Karnataka.com. Retrieved 8 November 2011.
- "Narayana Murthy’s Childhood". Retrieved 1 June 2013.
- "Narayana Murthy on Achievers' Club". Retrieved 1 June 2013.
- "485 Interview with N.R. Narayana Murthy". India-seminar.com. Retrieved 7 March 2013.
- "Business Leaders NARAYANA MURTHY". Retrieved 2 June 2013.
- Roy, Prannoy (29 March 2008). "An Interview With Narayana Murthy". maheshone. Retrieved 7 March 2013.
- "NR Narayana Murthy's Profile ,Founders of Infosys Technologies". Retrieved 1 June 2013.
- "Infosys Announces Leadership Succession". Infosys. 30 April 2011. Retrieved 7 March 2013.
- "Infosys Chairman Narayana Murthy Steps Down". yentha.com. 20 August 2011. Retrieved 20 August 2011.
- "Management Profiles,N. R. Narayana Murthy". Infosys Limited. Retrieved 1 June 2013.
- Non-Executive Chairman - MSN Report.
- "Infosys chairman Narayana Murthy calls it a day". The Times of India. 19 August 2011. Retrieved 19 August 2011.
- "Friday farewell: Narayana Murthy logs out of Infosys". IBNLive. 20 August 2011. Retrieved 20 August 2011.
- Bloomberg Businessweek profile - N. R. Narayana Murthy CBE
- "The Rhodes Trust and Trustees - The Rhodes Trust". Rhodeshouse.ox.ac.uk. Retrieved 8 November 2011.
- "Narayana Murthyto chair PHFI". The Hindu (Chennai, India). 12 July 2011. Retrieved 19 July 2011.
- "United Nations Foundation - N. R. Narayana Murthy (India)". Unfoundation.org. 20 August 1946. Retrieved 8 November 2011.
- "How to build a great company". Rediff.com. 31 January 2005. Retrieved 8 November 2011.
- Venkatesha Babu (18 December 2009"Gururaj Deshpande - The serial entrepreneur". Mint (HT Media Ltd). Retrieved 22 March 2011.).
- "Rohan Murty to join Infosys as Narayana Murthy's executive assistant". The Economic Times. 2013-06-01.
- "No leadership role for son Rohan: Murthy". Business Standard. 2013-06-01.
- "Rohan Murty takes up executive role at Infosys". The Times of India. 2013-06-01.
- "Narayana Murthy back as Infosys executive chairman". The Hindu. 2013-06-01.
- "Narayanamurthy's son and Venu Srinivasan's daughter tie the knot". NDTV. 2011-06-05.
- "Akshata Murthy and Rishi Sunak’s simple no tamasha, traditional wedding". WeddingSutra.com.
- BMA to honour Narayana murthy The Times of India 11-Mar-2013
- Winners at the Asian Awards
- "Infosys founder Narayana Murthy receives 2012 Hoover Medal". timesofindia.com. Retrieved 25 October 2012.
- "NDTV Indian of the Year 2011". ndtv.com. Retrieved 19 October 2011.
- "IEEE Honorary Membership Recipients". IEEE. Retrieved 20 December 2010.
- "Wilson Center Awards Dinner in New Delhi, India". Woodrow Wilson International Center for Scholars. Retrieved 9 January 2009.
- "Padma Vibhushan Awardees - Padma Awards - My India, My Pride - Know India: National Portal of India". India.gov.in. Retrieved 8 November 2011.
- "Naryanamurthy receive highest civilian honour of France". The Times of India. Retrieved 26 January 2008.
- "British Honorary Awards".
- "IEEE Ernst Weber Engineering Leadership Recognition Recipients". IEEE. Retrieved 20 November 2010.
- "WEOY winner 2003". E&Y. Retrieved 10 June 2013.
- "A Better India: A Better World". Retrieved 1 June 2013.
- Murthy, N. R. Narayana (2009). A Better India, A Better World. Penguin Books. p. 290. ISBN 978-0-670-08283-4.