Narayana Murthy : The name speaks it all.
The Indian entrepreneur known for making the rare combination possible –
Business with Ethics. The entrepreneur who was the first to place employees of
his company under the asset side of Balance sheet. Indian Business
World and I.T world can never ever forget the invaluable contribution of
Narayana Murthy.
Mr. Murthy has designed and implemented the Global Delivery Model- the
foundation for the huge success in IT services outsourcing from India. Today he
serves many organizations like the UN Foundation, HSBC, Indian School of
Business, IIT Bangalore etc have Mr. Murthy on their boards.
A humble man by nature, Mr. Murthy has received innumerable awards and
recognitions over a period of time. Some of them includes being featured
in Asia’s 50 Most Powerful People [2000] and 25 most influential global
executives [2001], World Entrepreneur of the Year – 2003 by Ernst and Young, 15
most admired global leaders [The Economist 2005]...
History of infoys and Narayana murthy:
Mr Narayana Murthy – Is the pioneer of Infosys Technologies
Limited, a global consulting and IT services company based in India. Born on
August 20th 1946, a Electrical Engineer from
National Institute of Engineering, University of Mysore graduated in 1967, with
masters degree from IIT Kanpur in the year of 1969.
The well-known software
company which he co-founded with six other professionals in 1981. He served in
various capacities within the organization and was for loperceived to be the
driving force behind Infosys.
Murthy stepped down as the non-executive Chairman of Infosys in 2011,
finally bringing to an end his 30 year long stint with the company.
His Early life and Education:
Murthy was born on August the 20th, 1946 in Mysore in Karnataka. He studied electrical engineering at the University of Mysore and later obtained a master’s degree from IIT, Kanpur. He joined Patni Computer Systems before which his first job was at IIM, Ahmedabad, where he was a Chief Systems Programmer.
He Rejecting job offers
from companies
like HMT, ECIL, TELCO, Air India, Mr. Murthy decided to offer his services at
IIM – Ahmedabad as a Chief Systems Programmer, wherein he received the pay of
800 INR, but he consider that phase of his life to be the best one, where he
got to learn many things
.Always excelling as a student,
he always showed keen interest in learning new things and had shown inclination
towards the practical application
as compared to theoretical knowledge.Mr. Murthy then offered his services at
Patni Computer Systems in Pune, where he met his wife, Sudha Murthy who at the
time was an engineer at TELCO.
The Birth and Rise of Infosys:
Mr. Murthy than founded Infosys with six other software
professionals in 1987, and opened its first international office in U.S.A. The
company started growing rapidly and soon the IPO was also launched. The company
expanded its international operations from 1996 from India to Europe & UK.
Also it is to be noted that Infosys became the first Indian company to be
listed on NASDAQ, under the leadership of Mr. Murthy.
Infosys was started with an initial investment of just Rs 10000, which
Murthy is said to have borrowed from his wife Sudha Murty. The
company grew from strength to strength, with Murthy serving as its CEO for the
first 21 years of its existence. The company’s stock option schemes created
many millionaires. In 1999, Infosys became the first Indian company to be
listed on the NASDAQ.
In 2002, Murthy took on the role of Executive Chairman of the Board, giving
way to Nandan Nilekani – a co-founder of Infosys – to become the CEO. In 2006,
Murthy became non-executive Chairman of the Board and Chief Mentor at Infosys,
before stepping down and becoming Chairman Emeritus in 2011.
Murthy is now involved with a venture capital firm called Catamaran
Investment Private Ltd
His Achievements:
Murthy is seen as the man behind the global delivery model which is a very
important element in the success seen by the Indian IT services outsourcing
industry. He has served on the boards of various organizations including
Unilever, HSBC, the Wharton School, the Rhodes Trust, and the Indian School of
Business, the Ford Foundation and the UN Foundation.
Recognition and Awards:
.JPG)
In 2008, Murthy was honored with the Padma Vibhushan award conferred by the
government of India. He has also received the Légion d’Honneur from the
government of France, besides being honored with the title Commander of the
Order of the British Empire by the government of Britain.
Murthy also holds the distinction of being the first Indian to win the Ernst
& Young World Entrepreneur of the Year award. In 2005, he was among the ten
most-admired global business leaders as per a ranking by Economist.
His Life Beyond Infosys:
Murthy is much-admired for his simplicity and down-to-earth nature, besides
being respected for his strong leadership skills. He is believed to have
received many requests asking him to join politics, but has maintained a safe
distance from politics so far. He’s married to Sudha Murthy, an author, social
worker and recipient of the Padma Shri award.
The
leading international business magazine Fortune has come out with its most
anticipated list of ‘12 Greatest Entrepreneurs’. And India has a pleasant
revelation in the list as Infosys co-founder and Indian IT industry visionary,
Narayan Murthy is amongst those listed
Murthy, proved that "India could compete with the world by taking on the
software development work that had long been the province of the West.
2-Bill Gates (Microsoft)
3-Fred Smith (FedEx)
4-Jeff Bezos (Amazon)
5-Larry Page and Sergey Brin (Google)
6-Howard Schultz (Starbucks)
7-Mark Zuckerberg (Facebook)
8-John Mackey (Whole Foods)
9-Herb Kelleher (SouthWest Airlines)
10-Narayana Murthy (Infosys)
11-Sam Walton (WalMart)
12-Muhammad Yunus (Grameen Bank)
| Year | Name | Awarding organization | |
|---|---|---|---|
| 2012 | Fortune's 12 Greatest Entrepreneurs of our Time | Fortune Magazine | |
| 2011 | CNBC Lifetime Achievement Award | CNBC | |
| 2011 | Forbes Lifetime Achievement Award | Forbes | |
| 2011 | NDTV Indian of the Year's Icon of India | NDTV | |
| 2010 | IEEE Honorary Membership | Institute of Electrical and Electronics Engineers. | |
| 2010 | Man of the Year | GQ Magazine | |
| 2010 | Foreign Associate Member | United States National Academy of Engineering | |
| 2009 | Woodrow Wilson Award for Corporate Citizenship | Woodrow Wilson International Center for Scholars | |
| 2008 | Padma Vibhushan | President of India | |
| 2008 | Officer of the Legion of Honor | Government of France | |
| 2007 | Commander of the Order of the British Empire (CBE) | Government of United Kingdom | |
| 2007 | IEEE Ernst Weber Engineering Leadership Recognition | Institute of Electrical and Electronics Engineers | |
| 2003 | Indo-French Forum Medal | Indo-French Forum | |
| 2003 | World Entrepreneur of the Year | Ernst and Young | |
| 2002 | Asia's Businessman of the Year | Fortune Magazine | |
| 2001 | Wharton Business School Dean's Medal | University of Pennsylvania | |
| 2001 | Nikkei Asia Prize | Nikkei Inc. | |
| 2001 | Max Schmidheiny Freedom Prize | Switzerland | |
| 2000 | Padma Shri | President of India |
