“The iconic founder of INFOSYS, the employee number four @ INFOSYS ,its
numerouno in everyother way,Mr. N R Narayana Murthy is that legend who has set the
standards in business in India.”
>> NARAYANA @ GLANCE ….
Originally named Nagavara Ramarao
Narayana Murthy, better known as Narayana Murthy was born on 20th
August’ 1946 in a Kannada Brahmin family to Sri R H Kulkarni and Vimala
Kulkarni at Mysore,located in the Indian state of Karnataka. He came from a
poor but educated family. His father was a high school teacher and an avid
reader of English Literature. He has been a very bright student from his
childhood days.In his school days,he was very good in studies, especially in
Physics and Mathematics.
He studied Electrical Engineering from National Institute
of Engineering, from University of Mysore(1967), and Mtech. from Indian Institute of
Technology, Kanpur(1969).
In earlier days he worked with IIM-A ,
and Patni Computers-Pune. After gaining the knowledge over there Murthy along
with 6 software professionals started INFOSYS in 1981 with initial investment
of 10K (that too was invested by his wife
Sudha Murthy), and thus laid the foundation of Golden Era of Indian
Software Industry.
Young Murthy, a “Low Ego and High
Energy Technocrat” spend 18 hours a day in office and had been away from home
for 330 days a year. This hard work of Murthy made the name of Infosys in the
NASDAQ 100 list (1993), and INFOSYS was the only Indian company to made its
place in the list. He served Infosys as CEO form 1981 till 2002 and from 2002 to 2011 as Chairman,
and anounced his retirement there by.
With the increase in the
competition in the Indin market, without Murthy, Infosys Could not do well, as Murthy is one of its kind….Murthy
Made a Historic Comeback ( 1st June 2013) into the Infosys as
Executive Chairman & Additional Director to the Company, as a saviour to
his own founded Organization.
His comeback has
inspired me to write about him, and I got the previlage to write about the
living Corporate Legend of Indian Software industry.. J
“Infosys is inseparable part of
me and I’m inseparable part of Infosys”
-N R Narayana Murthy
-N R Narayana Murthy
>> Into… Personal and Professional :
During high schools Murthy was an
Bright Student and Good with Maths and Physics. After completing his school
education he appeared for Indian Institute of Technology (IIT) entrance test
and did very well [ALL INDIA RANK-17]. But due to the financial problem of his
family [family income was 190rs/month] , he could not join IIT [ Fees &
expenses 60rs/month]. Instead he joined NIE
After completion of his Mtech
form IIT-K, 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,and
then France as well.
Before dabbling in
entrepreneurship and starting his own company he decided to learn the
nitty-gritty of management as before that he was just a technical person,
therefore, he came back to India and learnt how companies are run and then
decided to experiment. And laid the foundaiton of INFOSYS along-with 6 software
professionals. In between that Murthy got Married. His wife, Sudha Murthy, is
an Indian social worker and author. She does philanthropic work through the
Infosys Foundation. He has two children, a son Rohan Murty and a daughter
Akshata Murthy.
He started INFOSYS with patty borrowing Rs10000 from his
wife and transformed it into $6 billion revenue company with market
capitalization of $36 billion. The fouinding of INFOSYS had an impact across
MNC’s in the IT-business, across geographies and indeed,for Banglore as a city.
For industry he reaised corporate governance standards to levels that were
completely new to them. Murthy recognised early on that if he had to deal with
global clients, he would have to create a company that had global standards
intransparency and governance. The decision to list Infosys on Nasdaq in1999,
and thereby accept the extracting standards laid down by global stock
exchanges, was a semial moment in this journey. And in time it transformed the
way Indian industry looked at governance.
“Sitting on a high stool at the NASDAQ headquaters in New York in fornt of the scroching light of TV
cameras, I borrowed the words of Neil Armstrong to tell the world how important
it was for an Indian company to be listed on the NASDAQ.”
~ N R NARAYANA MURTHY
~ N R NARAYANA MURTHY
The IT outsourcing
pioneer, together with indian peers like TCS and Wipro also forced global It
MNC’s to use India as outsourcing Destination and copy global delivery model that
the Indian company has developed. This
simultaneously changed percepitons about India among citizens around the world
about India among citizens around the world. Thus India is seen today as a
massive bank of intelligent engineering talent, often perceived as a threat to
jobs overseas. It has raised the porofile of Banglore in particular to a level
that has pushed even US President Barack Obama to frequently refer to the city
as an intellectual challenge to United States.
Mr.
Murthy articulated, designed
and implemented the Global
Delivery Model which has become
the foundation for the huge success in IT services outsourcing from India. He
has led key corporate governance initiatives in India
Now talking about his son Rohan
Murthy, Ph.D. in Computer Science from Harvard University. NR Narayana murthy
has very faith on him that Rohan would take INFOSYS to a next level in IT
Business. Recently on 1st June 2013 Rohan Murthy joined INFOSYS as
an executive assiatant to his father.
>> ViSION TOWARDS INDIA….
Narayana murthy belives that the
Basis for India’s High-tech Industry, has been laid down by Pt. Nehru, who
pioneered towards the formation of IIT’s in India.[Nehru truly believed that
higher Education is Extremely important for the emancipation of the Country]. Murthy
was very much inspired by the Nehru’s Idea of socialism, Nehru’s idea of
Planning. Thus he suggeted that:
“If you
want to eradicate poverty, you don’t do it by redistribution of existing
wealth. You have to create more wealth”
Murthy
aimed to establish an organization that would provide job opportunities to his
countrymen [Indians] , and simultaneously bring the money from across the worlds
and he succeeded too…
“Posterity
will not excuse you if you did not dream big. You owe it to your colleagues,
your investors, and the society. Every great advance in scinece and technology,
and every great company is built on a big dream”
~N R
NARAYANA MURTHY
>> Murthy the Achiever….
- Mr. Murthy was listed as one among the “12 greatest entrepreneurs of our time” by the Fortune magazine in 2012.
- The Economist ranked him among the ten most‐admired global business leaders in 2005.
- He has been awarded the Padma Vibhushan by the Government of India, the Legion d’honneur by the Government of France, and the CBE by the British government.
- He is the first Indian winner of Ernst and Young’s World Entrepreneur of the year award and the Max Schmidheiny Liberty prize.
- He has appeared in the rankings of businessmen and innovators published by BusinessWeek, Time, CNN, Fortune, India Today, Business Standard, Forbes and Financial Times.
- He is a Fellow of the Indian National Academy of Engineering and a foreign member of the U.S. National Academy of Engineering.
- He was awarded the 2012 Hoover Medal and the James C. Morgan Global Humanitarian Award 2012 by The Tech Museum, California. He received the 2007 Ernst Weber Medal from the Institute of Electrical and Electronics Engineers, Inc., USA (IEEE).
- He has about 25 honorary doctorates from universities in India and abroad.
I would like to mention the recent speech of Narayana Murthy
after joining the Infosys on 1st june 2013, Murthy quoted that he was very much inspired by Sachin Tendulkar, as Sachin
Tendulkar played Cricket till age of 40, as the cricket is an fitness extensive
Sport, then why cant he (Narayana Murthy) work at age of 62 indulge in a work which doesnt
require that much of fitness.
>> 30 LESSONS OF MURTHY….
1-Seize Your Gandhi
Moment
Murthy, self announced
socialist in mid ’70s was locked up for the 72 time in Location. The encounter
trained him that business and job development is way to relieve hardship.
2-You might fail, but
get started Learn from mistakes and move on
In Year 1976, Narayana
Murthy established Softronics, an organization that survived a season and 50
percent. When he noticed that his first project was not getting off, he shifted
on.
3- Think Big. Don’t
Hesitate to Start Small
Almost 30 decades ago,
an identified Murthy began Infosys with amount of Rs 10,000 and he obtained
from his spouse. In few decades, Infosys company went on become biggest
prosperity in the nation.
4-Cut Yourself a
Slice, Not a Large One Always
When Infosys set up,
CEO took pay cut and incomes of co-founders gott improved by 10 %. According to
the Murthy, an innovator needs to demonstrate compromise and dedication.
5-Lend a Hand and
Throw in a Foot Too
After Murthy had
assured seven of co-workers, there was the issue. Nandan’s upcoming inlaws had
not been sure about it. Narayana Murthy had met Nandan’s dad and assured him.
6-Own Up, and Then
Clean Up
In decade of ’80s
Infosys developed the application for the in german customer. Murthy noticed
the single personality mistake and informed to consumer instantly.
7-Trust in God, But
Verify with Data
In God you believe in,
the relax must come along with information, is perhaps Murthy’s preferred
declaration. When encountered with difficult choices, he tends on depend on
information.
8-Keep the Faith
Infosys ended up in
year 1990. CEO was not interested in offer the organization. He requested
co-founders and they desired out and provided to buy all their stocks. All were
ready to get trapped together.
9-Get Involved
Infosys had won the
agreement from Reebok and that was in beginning ’90s. Seeing founder’s
participation, application, was chip known as the ‘Dinesh, Murthy as well as
Prahlad.’ Infy experts still remember those times.
10-Sharing is Caring
In this IPO, Infosys
made decision to discuss a part of its value with workers. This assisted them
maintain skills and provided workers a feeling of possession. Murthy is
extremely pleased of given away shares value of Rs 51,000 crores to the
workers.
11-Treat your People
Good, but Your Best Better
Murthy had the factor for excellent artists. And he
compensated them as well. And When the company made decision to provide its
workers share, Murthy was adament that some stocks should be granted to
excellent artists through ‘Chairman’s allowance.’
12-Hire a Good
Accountant, Even if he is Argumentative
A younger, Native
indian had been asking many concerns at yearly typical system conference of
company. More satisfied than annoyed, he employed Mohandas Pai, and who went
for helping Infosys record on the NASDAQ.
13-When in Doubt, Disclose
Keep all your guides fresh and keep the food
preparation to chief cook. Murthy’s viewpoint about being start and clear had
given the organization lot of reliability. He says, “When doubtful, you need to
disclose.”
14-Leave the Family Out
Murthy informed his spouse that only 1 of can
be with the organization. Murthy as well as other creators said that kids of
not any partner would perform for the company. This had remaining no space for
the nepotism at the Infosys.
15-Don’t be a Push over
In year 1994, when the
General Power desired for re-negotiate prices, Murthy told no towards promoting
solutions any less expensive. This assisted Infosys not be far too reliant on
any 1 customer.
16-Make hay while the Sun Shines
In delayed 90′s, India’s technical
organizations created use of Y2K probability to create known during
international industry. For Infosys, this was great probability to start
long-term connections with their clients.
17-Brand-aid First, Get Clinical
When sex-related pestering situation against
Infosys’ top revenue guy named as Phaneesh Murthy confronted to tarnishing the
business's product, Murthy created choice to easily respond. He let going of
that individual, and resolved the situation out judge despite Phaneesh seeking
to battle out.
18-Mind you’re Business, you’ll see Things
Coming
Murthy provides and up-dates a psychological
design of Infosys’ business all time. According him, every innovator must have
design, created up of 6 to 7 factors that can impact the organization.
19-Keep it Simple, Not Silly
Keep lifestyle simple and directly. That way,
and you can get to perform more and fear less. Murthy had been known to
economical with cash. Despite being 1 of the wealthiest Indians, he brings an
effective lifestyle. However, he had not cut sides on purchasing guides or
cleaning up on the literary works.
20-Founders Keepers, but Not Forever
Murthy’s choice not allowing creators to
follow the organization after age of the 65 and set another conventional for
organizations was a good decision. This way new and younger management at
organization had higher opportunity at top roles.
21-Talent Spotting
and Division of Labour
Murthy has been known
having eye for skills and skills for splitting labor. Nandan had been given
revenue obligations while Kris as well as Shibu did technical things. S N
Raghavan had been requested to deal with individuals and the Dinesh was
allocated excellent.
22-Hold on to Your People but don’t Cling
Letting IT go has been never easy and it’s
unhealthy to stick on your co-workers either. Amongst creators, Nandan Nilekani
Ashok Arora, and the Dinesh K had stop Infosys. Infy expert Mohandas Pai had
also remaining organization.
23-Give, it only gets
you more
In year 2010, Murthy’s
contributed $ 5.1 thousand USD to the Stanford School Media for venture that is
designed to create India’s traditional lifestyle available for years to come.
And He is promoter of Akshaya Patra Base.
24-Do it first and do it Right
Infosys had done
several things first. For example, this was first Native indian organization to
record on NASDAQ. This was first Native indian organization to create to Market
100 record and this was first Native indian organization to obtain the
excellent qualifications.
25-Perils of Being a Poster Child
Being poster kid of Native indian industry IT,
organization Infosys as well as Murthy has been at on the getting end of
various criticisms. The organization has been charged of getting away United
States tasks and been known as “chop store.”
26- Get Rich. Honestly
Rich organizations were regarded to unclean in
the times when the nation had socialist curved. Infy was an organization which
had been rid of feeling. Murthy, with its ‘no compromise’ plan on greasing
hands and doing moral business and also set the factors.
27-Do not be Afraid
to Court Controversy
Ever since the
organization had became the achievements, Murthy had been under continuous
community glare. This had not dissuade the directly discussing Murthy from
relationship debate and voicing his views freely.
28-Invest in Learning
Coming up of the big
investment strategies in exercising, growth and developing features, India’s IT
-weather had always been interested in self care younger individuals. Murthy
forced the lifestyle of studying in organization in beginning.
29-Never Lose the
Common Touch
This big individual of
Native IT indian kept its individual lifestyle simple. His life was in
effective, middle-class home and goes economic system until time frame. Murthy
had always been available to individuals around it.
30-Do Good, Look Good
Murthy realized the
value of developing an picture for organization. He spent in developing
expansive, outstanding grounds beginning on, larger than the other business's
head workplace in nation that would create his international clients experience
like they had been in international workplace.
FINAL WORDS….
There is no doubt that Mr N R Narayana Murthy is a Don
Bradman and Visvesvaraya of the IT industry. This comeback king is one of a
kind, the saviour of INFOSYS,with his comeback he has proved that Infosys was
his second child, it is expected of parents to handhold their children for
sometime, if they find that their child is in a bit of difficulty.
Finally this Gentle Man Murthy, has made placed in the heArts of many technocrates and inspired & will keep inspiring the young engineers like mine….!!
Finally this Gentle Man Murthy, has made placed in the heArts of many technocrates and inspired & will keep inspiring the young engineers like mine….!!
HATS OFF TO THIS GUY…… !!