N. R. Narayana Murthy

Nagavara Ramarao Narayana Murthy (born 20 August 1946) is an Indian billionaire businessman. He is the co-founder of Infosys, and has been the chairman, chief executive officer (CEO), president, and chief mentor of the company before retiring and taking the title chairman emeritus.[7][8][9]

Narayana Murthy

CBE LH
Narayana Murthy (left) with Union Minister Ravi Shankar Prasad in 2015
Born (1946-08-20) 20 August 1946[1]
Shidlaghatta, Kingdom of Mysore, British India
Alma materNational Institute of Engineering
IIT Kanpur
OccupationChairman Emeritus, Infosys[2]
Net worthUS$3 billion (October 2020)[3]
Board member ofUnited Nations Foundation[4]
Indusage Partners[5]
Ford Foundation[6]
Spouse(s)Sudha Murthy
Children2, including Rohan Murty
RelativesRishi Sunak (son-in-law)
AwardsPadma Vibhushan (2008)
Legion of Honour (2008)
Padma Shri (2000)

Murthy was born and raised in Shidlaghatta, Karnataka. He graduated from National Institute of Engineering, University of Mysore with a bachelor's degree in electrical engineering and a master's degree from the Indian Institute of Technology Kanpur.

Before starting Infosys, Murthy worked at Indian Institute of Management Ahmedabad as the chief systems programmer, and Patni Computer Systems in Pune (Maharashtra). He started 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.[10][11]

Murthy has been listed among the 12 greatest entrepreneurs of our time by Fortune magazine.[12] He has been described as the "father of the Indian IT sector" by Time magazine for his contribution to outsourcing in India.[13] Murthy has been honoured with the Padma Vibhushan[14] and Padma Shri awards.[15] He is the father-in-law of Rishi Sunak, the British MP and Chancellor of the Exchequer.

Early life and education

Narayana Murthy was born on 20 August 1946 in Shidlaghatta, Chikkaballapura district, Karnataka[16] into a middle-class Brahmin family.[17] After completing his school education, 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 Kanpur.[18][19]

Career

Murthy first served as a Research Associate under a faculty at IIM Ahmedabad and then later served as the chief systems programmer.[20] There he worked on India's first time-sharing computer system[19] and designed and implemented a BASIC interpreter for Electronics Corporation of India Limited.[21] He started a company named Softronics. When that company failed after about a year and a half, he joined Patni Computer Systems in Pune.[22]

Murthy and his six software professionals founded Infosys in 1981[23][24] with an initial capital investment of Rs 10,000, which was provided by his wife Sudha Murthy.[25] Murthy served as the CEO of Infosys for 21 years from 1981 to 2002[23] and was succeeded by co-founder Nandan Nilekani.[25] At Infosys he articulated, designed and implemented the Global Delivery Model for IT services outsourcing from India.[26] He was the chairman of the board from 2002 to 2006, after which he also became the Chief Mentor.[25][27] In August 2011, he retired from the company, taking the title chairman Emeritus.[8][9]

N R Narayana Murthy in Ahmedabad in 2015

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][28] He also serves as a member of the advisory boards and councils of several educational and philanthropic institutions,[3][28] 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.[29] He is also the Chairman of the Governing board of Public Health Foundation of India.[30] He serves on the Asia Pacific Advisory Board of British Telecommunications.[28][31] In 2005 he co-chaired the World Economic Forum in Davos.[32]

On 1st June 2013, Murthy returned to Infosys as the Executive chairman and Additional Director. On 12th June 2014 it was announced that Murthy would step down as the Executive chairman effectively on 14th June. He would continue as the Non-Executive chairman until 10th October. On 11th October, Murthy was to be designated as the chairman Emeritus.[33]

Murthy also serves on the strategic board which advises the national law firm, Cyril Amarchand Mangaldas, on strategic, policy and governance issues.[34] He is also a member of IESE's International Advisory Board (IAB).[35]

In 2016, Murthy spoke with Harvard Business Review Ascend[36] on the subject of "How To Be a Better Manager", where he shared tips that he has learned from his own life.[37]

In 2017, Murthy raised concerns over alleged corporate governance lapses at Infosys, however the company went on to deny these claims.[38]

Personal life

His wife, Sudha Murthy, is a social worker and author, and does philanthropic work through the Infosys Foundation.[39]

Murthy has two children, a son Rohan Murty and a daughter Akshata Murthy.[40] In June 2013, Rohan joined Infosys as an executive assistant to his father.[41] He left Infosys in June 2014.[33] In 2009, Akshata married Rishi Sunak; the UK's Chancellor of the Exchequer and Conservative MP for Richmond, Yorkshire.[42]

Awards and honours
The President, Smt. Pratibha Devisingh Patil presenting the Padma Vibhushan to Shri N.R. Narayana Murthy, at Rashtrapati Bhavan, in 2008
YearNameAwarding organizationRef.
2014 CIF Chanchlani Global Indian Award Canada India Foundation [43]
2013 25 Greatest Global Indian Living Legends NDTV [44][45][46]
2013 Sayaji Ratna Award Baroda Management Association, Vadodara [47]
2013 Philanthropist of the Year The Asian Awards [48]
2012 Hoover Medal American Society of Mechanical Engineers [49]
2011 NDTV Indian of the Year's Icon of India NDTV [50]
2010 IEEE Honorary Membership Institute of Electrical and Electronics Engineers. [51]
2009 Woodrow Wilson Award for Corporate Citizenship Woodrow Wilson International Center for Scholars [52]
2008 Padma Vibhushan Government of India [53]
2008 Officer of the Legion of Honor Government of France [54]
2007 Honorary Commander of the Order of the British Empire (CBE) Government of United Kingdom [55]
2007 IEEE Ernst Weber Engineering Leadership Recognition Institute of Electrical and Electronics Engineers [56]
2003 Ernst & Young World Entrepreneur Of The Year Ernst & Young World Entrepreneur of the Year Jury [57]
2000 Padma Shri Government of India [15]

Books
  • A Better India: A Better World, Penguin Books, 2009 ISBN 9780143068570
  • A Clear Blue Sky: Stories and Poems on Conflict and Hope, Puffin Books India, 2017 ISBN 9780143331414
  • The Wit and Wisdom of Narayana Murthy, Hay House, 2016 ISBN 9789385827020

Further reading
  • N, Chokkan (2007). Narayana Murthy : I.T. guru. Chennai: Oxygen Books.
  • Mitra, Meera (2007). It's only business! : India's corporate social responsiveness in a globalized world; with a foreword by N.R. Narayana Murthy. New Delhi: Oxford University Press.

References
  1. "Narayana Murthy to retire in August". The Economic Times. 22 May 2006. Archived from the original on 20 May 2016. 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. "Forbes profile: N.R. Narayana Murthy". Forbes. Retrieved 13 February 2020.
  4. "UNITED NATIONS FOUNDATION BOARD OF DIRECTORS NAMES KATHY CALVIN NEXT PRESIDENT AND CEO". Archived from the original on 29 October 2017. Retrieved 28 October 2017.
  5. "Indusage Partners board members".
  6. "N. R. Narayana Murthy". Ford Foundation.
  7. "From disruptors to financial magnates, here are a few IITians who made their mark on Indian and global turf". Firstpost. Retrieved 22 July 2019.
  8. "Infosys chairman Narayana Murthy calls it a day". The Times of India. 19 August 2011. Retrieved 19 August 2011.
  9. "Friday farewell: Narayana Murthy logs out of Infosys". IBNLive. 20 August 2011. Retrieved 20 August 2011.
  10. "Infosys appoints Narayana Murthy as Executive Chairman of the board, KV Kamath steps down". The Economic Times. 1 June 2013. Retrieved 1 June 2013.
  11. "Narayana Murthy Appointed as Additional Director and Executive Chairman of Infosys Board". Bloomberg TV India.
  12. "Narayana Murthy is among Fortune's 12 'greatest entrepreneurs'". Hindustan Times. 28 March 2012. Archived from the original on 15 June 2012. Retrieved 1 June 2013.
  13. "INDIA'S INFLUENTIALS N.R. Narayana Murthy". Time. 15 August 2007. Retrieved 1 June 2013.
  14. "LN Mittal, Ratan Tata, Narayana Murthy get Padma Vibhushan". Economic Times. 26 January 2008. Retrieved 2 June 2013.
  15. "N.R. Narayana Murthy | Infosys | Catamaran Fund | Personalities –". Karnataka.com. Retrieved 8 November 2011.
  16. Subramanya, K.V. (9 March 2011). "He studied in Kannada medium till Class 10". The Hindu. Chennai, India.
  17. https://qz.com/india/1038178/sudha-murthy-wife-of-infosys-founder-nr-narayana-murthy-recalls-being-only-girl-in-her-engineering-college/
  18. "Narayana Murthy's Childhood". Retrieved 1 June 2013.
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  20. "485 Interview with N.R. Narayana Murthy". India-seminar.com. Retrieved 7 March 2013.
  21. "Business Leaders NARAYANA MURTHY". Retrieved 2 June 2013.
  22. Roy, Prannoy (29 March 2008). "An Interview With Narayana Murthy". maheshone. Archived from the original on 28 December 2011. Retrieved 7 March 2013.
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  27. Non-Executive Chairman – MSN Report.
  28. Bloomberg Businessweek profile – N. R. Narayana Murthy CBE
  29. "The Rhodes Trust and Trustees – The Rhodes Trust". Rhodeshouse.ox.ac.uk. Archived from the original on 7 August 2011. Retrieved 8 November 2011.
  30. "Narayana Murthyto chair PHFI". The Hindu. Chennai, India. 12 July 2011. Retrieved 19 July 2011.
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  32. "How to build a great company". Rediff.com. 31 January 2005. Retrieved 8 November 2011.
  33. "Vishal Sikka to be CEO and MD of Infosys, Murthy Non-Executive Chairman". news.biharprabha.com. 12 June 2014. Retrieved 12 June 2014.
  34. Vyas, Maulik. "Cyril Shroff ropes in business luminaries like Narayana Murthy, Deepak Parekh, Uday Kotak and others for advisory board of his law firm". The Economic Times. Retrieved 10 August 2015.
  35. Members of IESE's International Advisory Board, iese.edu
  36. "How To Be a Better Manager – An Interview with N. R. Narayana Murthy". hbrascend.org. 26 November 2017.
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  38. Sood, Anirban Sen,Varun (18 August 2017). "Narayana Murthy raises issues at Infosys again". Livemint. Retrieved 9 April 2020.
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  40. "India Today 2005 Power List". Indiatoday.com. 21 February 2005. Archived from the original on 30 August 2009. Retrieved 8 November 2011.
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  42. "Akshata Murthy and Rishi Sunak's simple no tamasha, traditional wedding". WeddingSutra. Archived from the original on 13 July 2013.
  43. N R Narayana Murthy presented 'Global Indian Award' in Canada The Times of India. 28 April 2014
  44. Udit Rajan (14 December 2013). "Courage most important attribute of a great leader: Narayana Murthy – NDTV". News Little. Archived from the original on 1 January 2014. Retrieved 26 February 2014.
  45. "NDTV honours 25 Greatest Global Living Indian Legends as it turns 25". Best Media Info. 16 December 2013. Retrieved 26 February 2014.
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  47. BMA to honour Narayana murthy The Times of India. 11 March 2013
  48. Sharma, Meera (18 April 2013). "Special Report: Asian Awards 2013".
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  50. "NDTV Indian of the Year 2011". ndtv.com. Retrieved 19 October 2011.
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  57. "WEOY winner 2003". E&Y. Retrieved 10 June 2013.
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