Nagavara Ramarao Narayana Murthy (/ˈnɑːˈrɑːjʌn ˈmuːrθi/; born 20 August 1946) is an Indian billionaire businessman. He is one of the seven co-founders of Infosys, and has previously served as the chairman, chief executive officer (CEO), president, and chief mentor of the company before retiring and taking the title chairman emeritus. As of April 2023, his net worth was estimated to be $4.1 billion, making him the 711th richest person in the world according to Forbes.
N. R. Narayana Murthy | |
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.JPG) Murthy in 2014 | |
| Born | Nagavara Ramarao Narayana Murthy 20 August 1946 |
| Alma mater | National institute of Engineering, Mysore (BE) IIT Kanpur (MTech) |
| Known for | Founder and Chairman Emeritus of Infosys |
| Board member of | United Nations Foundation Ford Foundation |
| Spouse | Sudha Murthy |
| Children | Akshata Murthy Rohan Murthy |
| Relatives | Rishi Sunak (son-in-law) |
| Awards |
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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.
Murthy has been listed among the 12 greatest entrepreneurs of our time by Fortune magazine. He has been described as the "father of the Indian IT sector" by Time magazine and CNBC for his contribution to outsourcing in India. In 2005, he co-chaired the World Economic Forum in Davos, Switzerland. Murthy has been honoured with the Padma Vibhushan 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 into a middle-class Hindu family. 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.
In 2007, Murthy received an honorary degree from Lancaster University
Career
Murthy first worked as a research associate under a faculty at IIM Ahmedabad and then later as the 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 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 with an initial capital investment of Rs 10,000, which was provided by his wife Sudha Murty. 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. He was the chairman of the board from 2002 to 2006, after which he also became the chief mentor. In August 2011, he retired from the company, taking the title chairman emeritus.
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. He is also 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, a trustee of the Institute for Advanced Study in Princeton, and as a trustee of the Rhodes Trust. He is also the Chairman of the Governing board of Public Health Foundation of India. He is on the Asia Pacific advisory board of British Telecommunications.
In June 2013, Murthy returned to Infosys as executive chairman and a director. In June 2014, he stood down as executive chairman, was non-executive chairman until October, when he became chairman emeritus.
Murthy is also on the strategic board which advises the national law firm, Cyril Amarchand Mangaldas, on strategic, policy and governance issues. He is a member of IESE's International Advisory Board (IAB).
In 2016, Murthy spoke with Harvard Business Review Ascend on the subject of "How To Be a Better Manager".
In 2017, Murthy raised concerns over alleged corporate governance lapses at Infosys, however the company went on to deny these claims.
Personal life
His wife, Sudha Murty, is an educator, author and philanthropist who has served as the chairperson of the non-profit Infosys Foundation. Murthy has two children, a son, Rohan Murty, and a daughter, Akshata Murty. In June 2013, Rohan joined Infosys as an executive assistant to his father. He left Infosys in June 2014. In 2009, Akshata married British politician Rishi Sunak, who later became MP for Richmond, Yorkshire, and then Leader of the Conservative Party and Prime Minister of the United Kingdom.
Awards and honours
Books
- A Better India: A Better World, Penguin Books, 2009
- A Clear Blue Sky: Stories and Poems on Conflict and Hope, Puffin Books India, 2017
- The Wit and Wisdom of Narayana Murthy, Hay House, 2016
- Mere Business Mantra [Hindi]
References
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.
External links
- Media related to N. R. Narayana Murthy at Wikimedia Commons
- Profile at Infosys
