N. R. Narayana Murthy Explained

N. R. Narayana Murthy
Birth Name:Nagavara Ramarao Narayana Murthy
Birth Date:1946 8, df=yes[1]
Birth Place:Sidlaghatta, Kingdom of Mysore, British India
(present-day Karnataka, India)
Alma Mater:National Institute of Engineering, Mysuru (BE)
IIT Kanpur (MTech)
Known For:Founder and Chairman Emeritus of Infosys[2]
Boards:United Nations Foundation[3]
Ford Foundation[4]
Spouse:[5]
Children:Akshata Murty
Rohan Murty
Relatives:Rishi Sunak (son-in-law)
Shrinivas Kulkarni (brother-in-law)
Gururaj Deshpande (brother-in-law)

Nagavara Ramarao Narayana Murthy (born 20 August 1946) is an Indian billionaire businessman. He is one of the seven co-founders of Infosys,[6] and has previously served as the chairman, chief executive officer (CEO), president, and chief mentor[7] of the company before retiring and taking the title chairman emeritus.[8] [9] [10] As of August 2024, his net worth was estimated to be $5.1 billion, making him the 606th richest person in the world according to Forbes.[11]

Murthy was born and raised in Shidlaghatta, Karnataka. Murthy first worked at the Indian Institute of Management Ahmedabad, as chief systems programmer, and Patni Computer Systems in Pune, Maharashtra. He founded Infosys in 1981 and was the CEO from 1981 to 2002, as well as the chairman from 2002 to 2011. In 2011, he stepped down from the board and became the chairman emeritus. In June 2013, Murthy was appointed as the executive chairman for a period of five years.[12] [13]

Murthy has been listed among the 12 greatest entrepreneurs of our time by Fortune magazine.[14] He has been described as the "father of the Indian IT sector" by Time magazine and CNBC for his contribution to outsourcing in India.[15] [16] In 2005, he co-chaired the World Economic Forum in Davos, Switzerland.[17] Murthy has been honoured with the Padma Vibhushan[18] and Padma Shri awards.

Early life and education

N. R. Narayana Murthy was born on 20 August 1946 in Sidlaghatta, a city in India's south-western state of Karnataka[19] into a middle-class Hindu family.[20] After completing his school education, he went to the National Institute of Engineering and graduated in 1967 with a bachelor's degree in electrical engineering. In 1969 he received his master's degree from the Indian Institute of Technology Kanpur.[21] [22]

In 2007, Murthy received an honorary degree from Lancaster University.[23]

Career

Murthy first worked as a research associate under a faculty at IIM Ahmedabad and then later as the chief systems programmer.[24] There he worked on India's first time-sharing computer system and designed and implemented a BASIC interpreter for Electronics Corporation of India Limited.[25] He started a company named Softronics. When that company failed after about a year and a half, he joined Patni Computer Systems in Pune.[26]

Murthy mentions that being arrested and expelled for no good reason during the communist era 1974 in a border town near the Yugoslav-Bulgarian border, turned him into a "compassionate capitalist" from a "confused leftist/communist". In 1981 he, with six software professionals, founded Infosys[27] [28] [29] with an initial capital investment of Rs 10,000, which was provided by his wife Sudha Murty.[30] Murthy was the CEO of Infosys for 21 years from 1981 to 2002 and was succeeded by co-founder Nandan Nilekani. At Infosys he articulated, designed and implemented a global delivery model for IT services outsourcing from India.[31] He was the chairman of the board from 2002 to 2006, after which he also became the chief mentor.[32] In August 2011, he retired from the company, taking the title chairman emeritus.[9] [10] Murthy is an independent director on the corporate board of HSBC and has been a director on the boards of DBS Bank, Unilever, ICICI and NDTV.[11] [33] He is also a member of the advisory boards and councils of several educational and philanthropic institutions,[11] [33] including Cornell University, INSEAD, ESSEC, Ford Foundation, the UN Foundation, the Indo-British Partnership, Asian Institute of Management, a trustee of the Infosys Prize, a trustee of the Institute for Advanced Study in Princeton, and as a trustee of the Rhodes Trust.[34] He is also the Chairman of the Governing board of Public Health Foundation of India.[35] He is on the Asia Pacific advisory board of British Telecommunications.[33] [36]

In June 2013, Murthy returned to Infosys as executive chairman and a director.[37] In June 2014, he stood down as executive chairman, was non-executive chairman until October, when he became chairman emeritus.[38]

Murthy is also on the strategic board which advises the national law firm, Cyril Amarchand Mangaldas, on strategic, policy and governance issues.[39] He is a member of IESE's International Advisory Board (IAB).[40]

In 2016, Murthy spoke with Harvard Business Review Ascend[41] on the subject of "How To Be a Better Manager".[42]

In 2017, Murthy raised concerns over alleged corporate governance lapses at Infosys, however the company went on to deny these claims.[43]

Personal life

Murthy's wife Sudha is an educator, author, and philanthropist who has served as the chairperson of the non-profit Infosys Foundation.[44] They have two children together: a son, Rohan, and a daughter, Akshata.[45] From June 2013 to June 2014, Rohan joined Infosys as an executive assistant to his father.[46] [38] In 2009, Akshata married British-Indian Conservative politician Rishi Sunak, who served as Prime Minister of the United Kingdom from 2022 to 2024.[47]

Awards and honours

Year Name Awarding organization Ref.
2000Padma ShriGovernment of India[48]
2002IET Honorary FellowInstitution of Engineering and Technology[49]
2003Ernst & Young World Entrepreneur Of The YearErnst & Young World Entrepreneur of the Year Jury[50]
2007IEEE Ernst Weber Engineering Leadership RecognitionInstitute of Electrical and Electronics Engineers[51]
2007Honorary Commander of the Order of the British Empire (CBE)Government of United Kingdom[52]
2007Honorary DegreeLancaster University[53]
2008Officer of the Legion of HonourGovernment of France[54]
2008Padma VibhushanGovernment of India[55]
2009Woodrow Wilson Award for Corporate CitizenshipWoodrow Wilson International Center for Scholars[56]
2009Doctorate of Science (Honoris Causa)Shri Mata Vaishno Devi Universityhttps://www.hindustantimes.com/india/second-convocation-of-smvdu-held/story-k3EokC9jdkA1icBi2ZDvjL.html
2010IEEE Honorary MembershipInstitute of Electrical and Electronics Engineers.[57]
2011NDTV Indian of the Year's Icon of IndiaNDTV[58]
2012Hoover MedalAmerican Society of Mechanical Engineers[59]
2013Philanthropist of the YearThe Asian Awards[60]
2013Sayaji Ratna AwardBaroda Management Association, Vadodara[61]
201325 Greatest Global Indian Living LegendsNDTV[62] [63] [64]
2014CIF Global Indian AwardCanada India Foundation[65]
2022Bruhat Bengaluru Mahanagara Palike (BBMP)[66]

Books

Further reading

External links

Notes and References

  1. News: Narayana Murthy to retire in August . The Economic Times . 22 May 2006 . 20 April 2013 . https://web.archive.org/web/20160520140227/http://articles.economictimes.indiatimes.com/2006-05-22/news/27455768_1_nr-narayana-murthy-infosys-chairman-chief-mentor . 20 May 2016.
  2. News: Narayana Murthy returns as Infosys executive chairman as company falters . https://web.archive.org/web/20130609135828/http://articles.timesofindia.indiatimes.com/2013-06-01/software-services/39674140_1_infosys-board-narayana-murthy-executive-chairman . dead . 9 June 2013 . 19 July 2013 . . 1 June 2013.
  3. Web site: UNITED NATIONS FOUNDATION BOARD OF DIRECTORS NAMES KATHY CALVIN NEXT PRESIDENT AND CEO. 28 October 2017. https://web.archive.org/web/20171029012456/http://www.unfoundation.org/news-and-media/press-releases/2012/board-announces-leadership-transitions.html. 29 October 2017. dead.
  4. Web site: N. R. Narayana Murthy. Ford Foundation.
  5. https://www.citehr.com/17449-love-story-narayana-murthy-sudha.html#:~:text=WE%20WERE%20MARRIED%20IN%20MURTY'S,POOLING%20IN%20RS%20400%20EACH.. Love Story Of Narayana Murthy And Sudha. CiteHR.
  6. Web site: Infosys – Founders of the Company | Management Profiles.
  7. News: Murthy to continue as Chief Mentor of Infosys.
  8. News: From disruptors to financial magnates, here are a few IITians who made their mark on Indian and global turf. Firstpost. 22 July 2019.
  9. News: Infosys chairman Narayana Murthy calls it a day . The Times of India . 19 August 2011 . 19 August 2011.
  10. News: Friday farewell: Narayana Murthy logs out of Infosys . https://web.archive.org/web/20121001035522/http://ibnlive.in.com/news/narayana-murthy-steps-down-as-infosys-chairman/177070-7.html . dead . 1 October 2012 . IBNLive . 20 August 2011 . 20 August 2011.
  11. News: Forbes profile: N.R. Narayana Murthy . Forbes . 25 October 2022.
  12. News: Infosys appoints Narayana Murthy as Executive Chairman of the board, KV Kamath steps down . . 1 June 2013 . 1 June 2013.
  13. News: Narayana Murthy Appointed as Additional Director and Executive Chairman of Infosys Board. Bloomberg TV India.
  14. News: Narayana Murthy is among Fortune's 12 'greatest entrepreneurs' . . 28 March 2012 . 1 June 2013 . dead . https://web.archive.org/web/20120615003345/http://www.hindustantimes.com/business-news/CorporateNews/Narayana-Murthy-is-among-Fortune-s-12-greatest-entrepreneurs/Article1-832212.aspx . 15 June 2012 . dmy-all .
  15. News: INDIA'S INFLUENTIALS N.R. Narayana Murthy . https://web.archive.org/web/20080506084241/http://www.time.com/time/specials/2007/article/0,28804,1652689_1652372_1652367,00.html . dead . 6 May 2008 . . 1 June 2013 . 15 August 2007.
  16. News: CNBC 25: 13. Narayana Murthy.
  17. Web site: How to build a great company . Rediff.com . 31 January 2005 . 8 November 2011.
  18. News: LN Mittal, Ratan Tata, Narayana Murthy get Padma Vibhushan. Economic Times. 26 January 2008. 2 June 2013.
  19. News: He studied in Kannada medium till Class 10 . Chennai, India . The Hindu . K.V. . Subramanya . 9 March 2011.
  20. Web site: A woman's place is in the kitchen: My experience as the only girl in engineering school in 1968. 26 July 2017 .
  21. News: Narayana Murthy's Childhood. 1 June 2013.
  22. News: Narayana Murthy on Achievers' Club. https://web.archive.org/web/20130129024048/http://www.youtube.com/watch?v=6zJNc5KvWg0&gl=US&hl=en. 2013-01-29 . dead. 1 June 2013.
  23. Web site: Honorary Graduates . Honorary Graduates . 1 March 2024 .
  24. Web site: 485 Interview with N.R. Narayana Murthy . India-seminar.com . 7 March 2013.
  25. Web site: Business Leaders NARAYANA MURTHY. https://web.archive.org/web/20130501110713/http://www.in.com/narayana-murthy/biography-424.html. dead. 1 May 2013. 2 June 2013.
  26. Web site: An Interview With Narayana Murthy . maheshone . Prannoy . Roy . 29 March 2008 . 7 March 2013 . dead . https://web.archive.org/web/20111228140208/http://www.maheshonline.com/an-interview-with-narayana-murthy/ . 28 December 2011 .
  27. Web site: NR Narayana Murthy's life changing incident. businesstoday.in. 27 March 2020. 6 January 2020 .
  28. in Pune, News: NR Narayana Murthy's Profile, Founders of Infosys Technologies. https://archive.today/20130630091509/http://studyrays.com/info/alltimegreat/business/nr-narayana-murthy.php. dead. 30 June 2013. 1 June 2013.
  29. Web site: Infosys Announces Leadership Succession . Infosys . 30 April 2011 . 7 March 2013.
  30. Web site: Infosys Chairman Narayana Murthy Steps Down . https://archive.today/20130209210438/http://www.yentha.com/news/view/1/13720 . dead . 9 February 2013 . yentha.com . 20 August 2011 . 20 August 2011 .
  31. Web site: Management Profiles, N. R. Narayana Murthy . Infosys Limited. 1 June 2013.
  32. https://www.nbcnews.com/id/wbna14411071 Non-Executive Chairman – MSN Report
  33. https://web.archive.org/web/20130602162359/http://investing.businessweek.com/research/stocks/people/person.asp?personId=398008&ticker=398006 Bloomberg Businessweek profile – N. R. Narayana Murthy CBE
  34. Web site: The Rhodes Trust and Trustees – The Rhodes Trust . Rhodeshouse.ox.ac.uk . 8 November 2011 . dead . https://web.archive.org/web/20110807173028/http://www.rhodeshouse.ox.ac.uk/page/trustees . 7 August 2011 .
  35. News: Narayana Murthyto chair PHFI. 19 July 2011. The Hindu. 12 July 2011. Chennai, India.
  36. Web site: United Nations Foundation – N. R. Narayana Murthy (India) . Unfoundation.org . 20 August 1946 . 8 November 2011 . https://web.archive.org/web/20120308113141/http://www.unfoundation.org/who-we-are/board/n-r-narayana-murthy.html . 8 March 2012 . dead .
  37. Web site: Infosys Board appoints Mr. N R Narayana Murthy as Executive Chairman of the Board . 2024-02-01 . www.infosys.com.
  38. Web site: Vishal Sikka to be CEO and MD of Infosys, Murthy Non-Executive Chairman. 12 June 2014. news.biharprabha.com. 12 June 2014.
  39. News: Vyas. Maulik. Cyril Shroff ropes in business luminaries like Narayana Murthy, Deepak Parekh, Uday Kotak and others for advisory board of his law firm. 10 August 2015. The Economic Times.
  40. https://www.iese.edu/about/leadership/ Members of IESE's International Advisory Board
  41. Web site: How To Be a Better Manager – An Interview with N. R. Narayana Murthy . hbrascend.org . 26 November 2017 .
  42. Web site: How To Be a Better Manager - An Interview with N. R. Narayana Murthy. hbrascend.org. en. 2020-02-14.
  43. Web site: Narayana Murthy raises issues at Infosys again. Sood. Anirban Sen, Varun. 2017-08-18. Livemint. en. 2020-04-09.
  44. News: Gururaj Deshpande – The serial entrepreneur . Venkatesha Babu . . . 18 December 2009 . 22 March 2011.
  45. Web site: India Today 2005 Power List . Indiatoday.com . 21 February 2005 . 8 November 2011 . https://web.archive.org/web/20090830101733/http://www.indiatoday.com/itoday/20050221/power4.html . 30 August 2009 . dead . dmy-all .
  46. News: Rohan Murty to join Infosys as Narayana Murthy's executive assistant . The Economic Times . 1 June 2013.
  47. News: Rishi Sunak: The wealthy millennial who rocketed to power . BBC News . 25 October 2022.
  48. Web site: N.R. Narayana Murthy | Infosys | Catamaran Fund | Personalities . Karnataka.com . 8 November 2011.
  49. Web site: Honorary Fellows list . 2022-10-27 . www.theiet.org . en-US.
  50. Web site: WEOY winner 2003 . E&Y . 10 June 2013.
  51. Web site: IEEE Ernst Weber Engineering Leadership Recognition Recipients . https://web.archive.org/web/20100619230236/http://ieee.org/documents/weber_rl.pdf . dead . 19 June 2010 . IEEE . 20 November 2010.
  52. Web site: British Honorary Awards. dead. https://archive.today/20121223152106/http://www.fco.gov.uk/servlet/Front?pagename=OpenMarket/Xcelerate/ShowPage&c=Page&cid=1166536150628. 23 December 2012. dmy-all.
  53. Web site: Honorary Graduates . 2024-04-08 . Lancaster University . en.
  54. Web site: Naryanamurthy receive highest civilian honour of France. 26 January 2008. The Times of India. https://web.archive.org/web/20160303230423/http://publication.samachar.com/pub_article.php?id=1169187&navname=General%20&moreurl=http%3A%2F%2Fpublication.samachar.com%2Ftimesofindia%2Fgeneral%2Findia.php&homeurl=http%3A%2F%2Fwww.samachar.com. 3 March 2016. dead.
  55. Web site: Padma Vibhushan Awardees – Padma Awards – My India, My Pride – Know India: National Portal of India . India.gov.in . 8 November 2011.
  56. Web site: Wilson Center Awards Dinner in New Delhi, India . . 9 January 2009.
  57. Web site: IEEE Honorary Membership Recipients . IEEE . 20 December 2010 . https://web.archive.org/web/20110629021316/http://www.ieee.org/documents/hon_mem_rl.pdf . 29 June 2011 . dead .
  58. Web site: NDTV Indian of the Year 2011 . ndtv.com . 19 October 2011.
  59. News: Infosys founder Narayana Murthy receives 2012 Hoover Medal . timesofindia.com . 25 October 2012.
  60. Web site: Special Report: Asian Awards 2013. Meera. Sharma. 18 April 2013.
  61. https://web.archive.org/web/20140109171446/http://articles.timesofindia.indiatimes.com/2013-03-11/vadodara/37622744_1_narayana-murthy-bma-baroda-management-association BMA to honour Narayana murthy
  62. News: Courage most important attribute of a great leader: Narayana Murthy – NDTV . News Little . Udit Rajan . 14 December 2013 . 26 February 2014 . https://web.archive.org/web/20140101123515/http://newslittle.com/2013/12/14/courage-most-important-attribute-of-a-great-leader-narayana-murthy-ndtv/ . 1 January 2014 . dead .
  63. Web site: NDTV honours 25 Greatest Global Living Indian Legends as it turns 25 . Best Media Info . 16 December 2013 . 26 February 2014.
  64. News: Courage Most Important Attribute of a Great Leader: Narayana Murthy . Newshour24.com . 14 December 2013 . Deepshikha Ghosh . 26 February 2014 . dead . https://web.archive.org/web/20140101182258/http://www.newshour24.com/indian/1zcxir3ruh/Courage-Most-Important-Attribute-Great-Leader-Narayana-Murthy.htm . 1 January 2014 . dmy-all .
  65. https://timesofindia.indiatimes.com/nri/us-canada-news/N-R-Narayana-Murthy-Global-Indian-Award/articleshow/34304944.cms N R Narayana Murthy presented 'Global Indian Award' in Canada
  66. Web site: SM Krishna, Narayana Murthy, Prakash Padukone selected for Kempegowda Award. . Hindustan Times . 25 June 2022 . January 25, 2023.

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