N. R. Narayana Murthy
Nagavara Ramarao Narayana Murthy (born 20 August 1946), commonly referred to as Narayana Murthy, is an Indian IT industrialist and the co-founder of Infosys, a multinational corporation providing business consulting, technology, engineering, and outsourcing services. Murthy studied electrical engineering at the National Institute of Engineering, University of Mysore, and M. Tech at the Indian Institute of Technology Kanpur.
Before starting Infosys, Murthy worked with Indian Institute of Management Ahmedabad as chief systems programmer and Patni Computer Systems in Pune (Maharashtra). He started Infosys in 1981 and served as its CEO from 1981 to 2002 and as chairman from 2002 to 2011. In 2011, he stepped down from the board and became Chairman Emeritus. On 1 June 2013, Murthy was appointed as Additional Director and Executive Chairman of the board 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 Father of Indian IT sector by Time magazine due to his contribution to outsourcing in India. Murthy has also been honoured with the Padma Vibhushan and Padma Shri awards.
Early life and education
Narayana Murthy was born on 20 August 1946 in Sidlaghatta, Kolar District Karnataka. After completing his school education, he appeared for the Indian Institute of Technology entrance test but could not attend. Instead he went to the National Institute of Engineering, Mysore, an affiliated college of the University of Mysore, and graduated in 1967 with a degree in Electrical Engineering. In 1969 he received his master's degree from the Indian Institute of Technology in Kanpur.
Murthy started his career at IIM Ahmedabad as 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 and six software professionals founded Infosys in 1981 with an initial capital injection of Rs 10,000, which was provided by his wife Sudha Murthy. Murthy served as 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 the Global Delivery Model for IT services outsourcing from India. He was Chairman of the Board from 2002 to 2006, after which he became Chairman of the Board and Chief Mentor. In August 2011, he retired from the company, taking the title Chairman Emeritus.
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. He also serves as 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, and as a trustee of the Rhodes Trust. He is also Chairman of the Governing board of Public Health Foundation of India. He serves on the Asia Pacific Advisory Board of British Telecommunications. In 2005 he co-chaired the World Economic Forum in Davos.
On 1 June 2013, Murthy returned to Infosys as Executive Chairman and Additional Director. On 12 June 2014 it was announced that Murthy would step down as Executive Chairman effective 14 June. He would continue as Non-Executive Chairman till 10 October. On 11 October, Murthy was designated as Chairman Emeritus.
Murthy also serves on the strategic board which advises the national law firm, Cyril Amarchand Mangaldas, on strategic, policy and governance issues.