Narayana Murthy Biography

Narayana Murthy Biography

1 . Biography

Nagavara Ramarao Narayana Murthy better known as N. R. Narayana Murthy, is an Indian industrialist, software engineer and one of the seven founders of Infosys Technologies, a global consulting and IT services company based in India. He is currently the non executive Chairman and Chief Mentor of Infosys. He was the CEO of the company for 21 years, from 1981 to 2002. After stepping down as CEO in 2002, he has broadened his scope of activities to social services as well as promoting India globally.Murthys corporate and social vision has been appreciated globally and he is the recipient of several awards including Padma Vibushan Indias second highest civilian award. Born into a Kannada Madhva Brahmin family in Mysore, India on August 20, 1946, Murthy graduated with a degree in electrical engineering from the National Institute of Engineering, University of Mysore in 1967 after attending government school, and received his masters degree from IIT Kanpur in 1969. His first position was at IIM Ahmedabad as chief systems programmer where he worked on a time sharing system and designed and implemented a BASIC interpreter for ECIL Electronics Corporation of India Limited.

After IIM Ahmedabad, he then joined Patni Computer Systems in Pune. Before moving to Mumbai, Murthy met his wife Sudha Murthy in Pune who at the time was an engineer working at Tata Engineering and Locomotive Co. Ltd. Telco, now known as Tata Motors in Pune. In 1981, he founded Infosys with six other software professionals. He served as president of the National Association of Software and Service Companies, India from 1992 to 1994. Mr. Murthy is the brother in law of serial entrepreneur Gururaj Desh Deshpande and the uncle of former NASSCOM Chairman and MphasiS chief Jerry Rao. Murthy served as the founder CEO of Infosys for 21 years, and was succeeded by co founder Nandan Nilekani in March 2002. He is the chairman of the governing body of the International Institute of Information Technology Bangalore. In addition, he is a member of the Board of Directors of INSEAD, Board of Overseers of the University of Pennsylvanias Wharton School, Cornell University Board of Trustees, Business Advisory Council of Great Lakes Institute of Management Chennai, Singapore Management University Board of Trustees and the Board of Advisors for the William F. Achtmeyer Center for Global Leadership at the Tuck School of Business. Mr. Murthy also sits on the Board of Governors of the Asian Institute of Management (AIM), a graduate school of business located in the Philippines and is also the Chairman of the Board of Members of School of Management, Asian Institute of Technology (AIT) located in Bangkok, Thailand. He is the chairman of the Asia Business Council, an organization headquartered in Hong Kong. He is also a member of the Advisory Boards and Councils of various well known universities such as the Stanford Graduate School of Business, the Corporate Governance initiative at the Harvard Business School, Yale University and the University of Tokyo? Presidents Council. Murthy serves as an independent director on the board of the DBS Bank of Singapore. This is the largest government owned bank in Singapore. He also serves as a director on the Central Board of the Reserve Bank of India, as the co chairman of the Indo British Partnership, as a member of the Prime Ministers council on trade and industry, as a member of the Asia Advisory Board of British He retired from his executive position at Infosys on 20th August, 2006. However, he continues as the Non Executive Chairman of the board. Murthy has been the recipient of numerous awards and honors. In 2008, he was awarded the Padma Vibhushan, a second highest civilian award by India and L?ion dhonneur highest civilian award by France. In 2000, he was awarded the Padma Shri, a civilian award by the Government of India. He was the first recipient of the Indo French Forum Medal (in the year 2003), awarded by the Indo French Forum, and in recognition of his role in promoting Indo French ties. He was voted the World Entrepreneur of the Year 2003 by Ernst & Young. He was one of the two people named as Asias Businessmen of the Year for 2003 by Fortune magazine. He was recently awarded the Commander of the British Order (CBE) by the British government.

2 . Early life and education

Narayana Murthy was born on 20 August 1946 in Sidlaghatta, 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 and graduated in 1967 with a degree in Electrical Engineering. In 1969 he received his masters degree from the Indian Institute of Technology in Kanpur.

3 . Career

Murthy started his career at IIM Ahmedabad as chief systems programmer. There he worked on Indias 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 June 12, 2014 it was announced that Murthy would step down as Executive Chairman effective June 14. He would continue as Non Executive Chairman till October 10. On October 11, Murthy will be designated as Chairman Emeritus.

4 . Personal life

His wife, Sudha Murthy n

5 . Family

N. R. Narayana Murthy was born in a Kannada Madhwa Brahmin family in Mysore. He has eight brothers and a sister. Murthys father was a school teacher.

6 . Growing Up

Narayana was born into a middle class family in Mysore. Since his father was a high school teacher, the financial conditions of the family were not that good.Narayana attended a government school and pursued his B.E degree from the University of Mysore and masters from IIT, Kanpur.

7 . Endeavors

Narayana started his career as a chief system programmer at IIM Ahmedabad where he implemented the BASIC interpreter for ECIL (Electronics Corporation of India Limited).Later, he joined Patni Computer Systems, Pune. Prior to moving to Mumbai, he met his wife, Sudha, who too was an engineer.

8 . The Ideal Beginning

In 1981, Narayana founded Infosys with six people with an initial capital of US$250, the maximum share of which was borrowed from his wife. Narayana served as the CEO of Infosys for 21 years, and later was succeeded by co founder Nandan Nilekani in March 2002.In 1996, it started its office in Europe, Milton Keynes, UK.Infosys became the first company to be listed in NASDAQ, in 1991.In 2002, it was selected as the The Indias Most Respected Company by the Business World Survey.

9 . Conjugal Relationship

Narayana is married to Sudha Murthy, who too is an engineer, an Indian social worker and an accomplished author.
The couples are parents to two children, Rohan and Akshata. His son, Rohan is engaged to Lakshmi Venu, daughter of Venu Srinivasan of TVS motors, and his daughter Akshata is married to Rishi Sunak.

10 . Man of Substance

Being the 33rd richest man in India, he has a net worth of US $2 Billion. He has won a number of awards, following are some of them.The Asiaweek magazine counted him in the 50 top most powerful men in the year 2000.He was honored with the Padma shree award by the President of India.In 2001, he was awarded the Wharton schools Dean Medal, University of Pennsylvania. Narayana was also honored with the title Asias Businessman of the year by Fortune magazine in 2003.In 2008 he was honored with the Padma Vibhushan by the President of India.He is associated with important and prestigious organizations. He is the member of the Board of Directors of INSEAD, the Board of Oversees of the Wharton School Of the University of Pennsylvania, the Board of Members of School of Management at Asian Institute of Technology.He also serves as a Director of the Central Board of the Reserve Bank of India.

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