N. R. NARAYANA MURTHY : The Living Legend - IT Maestro...

“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 20^th 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 ( 1^st 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

>> 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

 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 1^st 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 1^st 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….!!

HATS OFF TO THIS GUY…… !!