Mr. N R Narayana Murthy, executive chairman of Bangalore-based Infosys Technologies, retired today on his sixtieth birthday. He was one of the six founders who started Infosys [INFY] with a small investment of Rs. 10,000 and nurtured the organization to a world-class company currently valued at Rs. 50,000 crores ($10.75 billion).
Caption: A shareholder describes Infosys’ achievements at a Shareholders’ Meeting in Bangalore (Dec ’04)
Globally, Mr. Murthy is a widely-admired business leader. Much has been written about his background, discipline and his ‘simple living, high thinking’ philosophy. His biggest legacy will be the dreams and confidence his company’s success has fostered in a whole generation of middle-class India. In creating a highly respected, world-class company that provides top quality services and adopts best management practices from around the world (a strong corporate brand, transparency in operations and financial reporting, sharing wealth, best training practices,) his team has offered a blue-print for entrepreneurial success in the new economy.
Mr. Murthy will transit into the role of a non-executive chairman at Infosys. His retirement will enable him to expand his endeavors with various institutions, viz., administrative (India, Thailand, United Nations Foundation), financial (RBI, DBS, SEBI), educational (IIM-A, IIIT, Cornell, Wharton, Singapore Management University) and corporate (NDTV, TiE). He is widely rumored to be nominated to the role of the President of India. He has himself expressed an interest in being designated the Ambassador of India to the United States. We should hope to continue hearing his ideas on various fronts. He may author a book or two on management practices in the global economy or the story of Infosys.
Congratulations on your retirement, Mr. Murthy.