Who Is 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.
Born in Siddhaghatta, Kolar in Karnataka, after his school education he pursued his engineering at the National Institute of Engineering and graduated from there in 1967, with a degree in Electrical Engineering. Again, he acquired his master’s from the Indian Institute of Technology in Kanpur in 1969.
After completing his education, he moved to London, where he worked in a company called SESA for 3 years. While working with SESA he excelled in designing software for air-freight management at the Charles De Gaulle terminal in Paris. This was when he decided to return to India to start his own company.
Narayana Murthy Career Life
He took up the position of chief systems programmer at the IIM, Ahmedabad. There he worked on installing a time-sharing computer system—India’s first, making IIM the third business school in the world to install a time-sharing system after Harvard and Stanford.
The work at the IIM was hectic but extremely fulfilling. He used to work 20 hours a day and learned a lot. Even today Murthy feels that joining the IIM was the best decision he had ever made in his professional life.
He worked overseas in the 1970s, and the years he spent in Paris had a deep influence on him. Initially a staunch leftist who supported Communism, he eventually changed his views and concluded that compassionate capitalism and the large-scale creation of jobs was the only practical method of eradicating poverty.
He learned a lot from the western countries but ultimately wanted to settle in India and start a company in his homeland. He started a company called Softronics which failed after just a year and a half. So he joined Patni Computer Systems in Pune.
Eventually, he decided to become an entrepreneur again and teamed up with six other software professionals to found another company, “Infosys Consultants Pvt Ltd.” (now known as Infosys Ltd.) with a capital of Rs. 10,000 in Pune in 1981. The company’s headquarters was shifted from Pune to Bangalore in 1983.
Murthy became the CEO of Infosys and served in this position from 1981. In 2002, co-founder Nandan Nilekani succeeded him as the chairman.
He became the Chairman of the Board in 2002 and the Chief Mentor in 2006. He retired from the company in August 2011, taking the title Chairman Emeritus.
He has served as a director on the boards of DBS Bank, Unilever, and ICICI. He is a philanthropic and serves on the advisory boards and councils of several institutions like Cornell University, Ford Foundation, the UN Foundation, and the Indo-British Partnership.
The performance of Infosys suffered in his absence and thus he returned to the company as Executive Chairman and Additional Director in June 2013. He stepped down as the Executive Chairman in June 2014.
Narayana Murthy Success
In the 80s when Infosys got into a joint venture, but after some time that joint venture got collapsed that too within less time, this left a huge dent in the company, the company was on the verge to collapse, the situation was very worst, even Narayana team member or partner sold his share and moved out of that partnership, No one had an idea about what they can do to handle the situation, no one knew what they can do to move ahead but it was only Narayana confidence and courage which helped them out, He told everyone and his partners that if they wanted to move out they can and he will buy their shares but he will not shut down his company and make it work, this confidence made every partner stay and eventually They moved out of that difficult time and managed their company very nicely.
Since then the company has made sure to never have to look back.
While giving a lecture at New York University Narayana Murthy said Based on my Life experience, I can assert that it is this belief in learning from experience, a growth mindset, the power of chance events, and self-reflection that have helped me grow to the present.