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N. R. Narayana Murthy

From Wikipedia, the free encyclopedia
Indian businessman (born 1946)
"Narayana Murthy" redirects here. For the actor, director and producer of Telugu films, seeR. Narayana Murthy.

N. R. Narayana Murthy
Murthy in 2014
Born
Nagavara Ramarao Narayana Murthy

(1946-08-20)20 August 1946 (age 79)[1]
Alma materNational Institute of Engineering, Mysuru (BE)
IIT Kanpur (MTech)
Known forFounder and Chairman Emeritus ofInfosys[2]
Board member ofUnited Nations Foundation[3]
Ford Foundation[4]
Spouse[5]
ChildrenAkshata Murty
Rohan Murty
RelativesRishi Sunak (son-in-law)
Shrinivas Kulkarni (brother-in-law)
Gururaj Deshpande (brother-in-law)
Awards
In thisIndian name, the nameNagavara Ramarao is apatronymic, and the person should be referred to by thegiven name,Narayana Murthy.

Nagavara Ramarao Narayana Murthy (born 20 August 1946) is an Indian billionaire businessman. He is the founder ofInfosys,[6] and was the chairman, chief executive officer (CEO), president, and chief mentor[7] of the company before retiring and becoming chairman emeritus.[8][9][10] As of January 2025, his net worth was estimated at US$5.0 billion, according toForbes.[11]

Murthy was born and raised inShidlaghatta,Karnataka. He first worked at theIndian Institute of Management Ahmedabad, as chief systems programmer, andPatni Computer Systems inPune,Maharashtra. He founded Infosys in 1981 and was the CEO from 1981 to 2002, as well as the chairman from 2002 to 2011. In 2011, he stepped down from the board and became the chairman emeritus. In June 2013, Murthy was appointed as the executive chairman for a period of five years.[12][13]

Murthy has been listed among the 12 greatest entrepreneurs of our time byFortune magazine.[14] He has been described as the "father of the Indian IT sector" byTime magazine andCNBC for his contribution to outsourcing in India.[15][16] In 2005, he co-chaired theWorld Economic Forum inDavos, Switzerland.[17] Murthy has been honoured with thePadma Vibhushan[18] andPadma Shri awards.[19]

Murthy is the father-in-law ofRishi Sunak, who wasPrime Minister of the United Kingdom from 2022 to 2024.

Early life and education

[edit]

N. R. Narayana Murthy was born on 20 August 1946 inSidlaghatta, a city in India's south-western state ofKarnataka[20] into a Kannada speaking middle-classDeshastha Madhva Brahmin family.[21] After completing his school education, he went to theNational Institute of Engineering and graduated in 1967 with a bachelor's degree inelectrical engineering. In 1969 he received his master's degree from theIndian Institute of Technology Kanpur.[22][23]

In 2007, Murthy received anhonorary degree fromLancaster University.[24]

Career

[edit]

Murthy first worked as aresearch associate under a faculty atIIM Ahmedabad and then later as the chief systems programmer.[25] There he worked on India's first time-sharing computer system[23] and designed and implemented a BASIC interpreter forElectronics Corporation of India Limited.[26] He started a company named Softronics. When that company failed after about a year and a half, he joinedPatni Computer Systems inPune.[27]

Murthy mentions that being arrested and expelled for no good reason during the communist era 1974 in a border town near theYugoslav-Bulgarian border, turned him into a "compassionate capitalist" from a "confusedleftist/communist". In 1981 he, with six software professionals, foundedInfosys[28][29][30] with an initial capital investment of Rs 10,000, which was provided by his wifeSudha Murty.[31] Murthy was the CEO of Infosys for 21 years from 1981 to 2002[29] and was succeeded by co-founderNandan Nilekani.[31] At Infosys he articulated, designed and implemented a global delivery model for IT services outsourcing from India.[32] He was the chairman of the board from 2002 to 2006, after which he also became the chief mentor.[31][33] In August 2011, he retired from the company, taking the title chairman emeritus.[9][10]

Murthy withNarendra Modi in 2014

Murthy is an independent director on the corporate board ofHSBC and has been a director on the boards ofDBS Bank,Unilever,ICICI andNDTV.[11][34] He is also a member of the advisory boards and councils of several educational and philanthropic institutions,[11][34] includingCornell University,INSEAD,ESSEC,Ford Foundation, theUN Foundation, the Indo-British Partnership, Asian Institute of Management, a trustee of theInfosys Prize, a trustee of theInstitute for Advanced Study in Princeton, and as a trustee of the Rhodes Trust.[35] He is also the Chairman of the Governing board ofPublic Health Foundation of India.[36] He is on the Asia Pacific advisory board ofBritish Telecommunications.[34][37]

In June 2013, Murthy returned to Infosys as executive chairman and a director.[38] In June 2014, he stood down as executive chairman, was non-executive chairman until October, when he became chairman emeritus.[39]

Murthy is also on the strategic board which advises the national law firm,Cyril Amarchand Mangaldas, on strategic, policy and governance issues.[40] He is a member ofIESE's International Advisory Board (IAB).[41]

In 2010, Murthy has made an investment in SKS Microfinance along with venture capitalist Vinod Khosla.[42]

In 2016, Murthy participated in FXC as a Board Member.[42]

In 2017, Murthy raised concerns over alleged corporate governance lapses at Infosys, however the company went on to deny these claims.[43]

In late 2023, a comment by Murthy suggesting that young people should work 70 hours a week to boost national productivity sparked a widespread public debate in India.[44] A year later, in November 2024, he addressed the controversy, clarifying that the remark was a matter for "personal introspection" and not a mandate. He stated that while he worked more than 70 hours a week for over 40 years, it was a personal choice, adding, "Nobody can say you should do it."[44][45]

Personal life

[edit]

Murthy's wifeSudha is an educator, author, and philanthropist who has served as the chairperson of the non-profitInfosys Foundation.[46] They have two children together: a son,Rohan, and a daughter,Akshata.[47] From June 2013 to June 2014,Rohan Murthy joined Infosys as an executive assistant to his father.[48][39] He left Infosys to create his own company calledSoroco in 2014.[49] In 2009, Akshata married British-IndianConservative politicianRishi Sunak, who served asPrime Minister of the United Kingdom from 2022 to 2024.[50]

Awards and honours

[edit]
PresidentPratibha Patil presenting thePadma Vibhushan to N. R. Narayana Murthy, at Rashtrapati Bhavan, in 2008
YearNameAwarding organizationRef.
2000Padma ShriGovernment of India[19]
2002IET Honorary FellowInstitution of Engineering and Technology[51]
2003Ernst & Young World Entrepreneur Of The YearErnst & Young World Entrepreneur of the Year Jury[52]
2007IEEE Ernst Weber Engineering Leadership RecognitionInstitute of Electrical and Electronics Engineers[53]
2007Honorary Commander of the Order of the British Empire (CBE)Government of United Kingdom[54]
2007Honorary DegreeLancaster University[55]
2008Officer of the Legion of HonourGovernment of France[56]
2008Padma VibhushanGovernment of India[57]
2009Woodrow Wilson Award for Corporate CitizenshipWoodrow Wilson International Center for Scholars[58]
2009Doctorate of Science (Honoris Causa)Shri Mata Vaishno Devi University[1]
2010IEEE Honorary MembershipInstitute of Electrical and Electronics Engineers.[59]
2011NDTV Indian of the Year's Icon of IndiaNDTV[60]
2012Hoover MedalAmerican Society of Mechanical Engineers[61]
2013Philanthropist of the YearThe Asian Awards[62]
2013Sayaji Ratna Award Baroda Management Association, Vadodara[63]
201325 Greatest Global Indian Living LegendsNDTV[64][65][66]
2014CIF Global Indian AwardCanada India Foundation[67]
2018Asian Scientist 100Asian Scientist[68]
2019Asian Scientist 100Asian Scientist[69]
2022Kempegowda AwardBruhat Bengaluru Mahanagara Palike (BBMP)[70]
2024India Lifetime Achievement Award as a part of the 2024 Patrick J. McGovern AwardsChiratae Ventures[71]

Bibliography

[edit]

References

[edit]
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  69. ^"The Asian Scientist 100".Asian Scientist.Archived from the original on 19 March 2024. Retrieved13 March 2025.
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  71. ^Shukla, Piyush (19 October 2024)."Chiratae Ventures Honors Narayana Murthy with Patrick J. McGovern Awards".adda247.Archived from the original on 5 November 2024. Retrieved21 October 2024.

Further reading

[edit]
  • N, Chokkan (2007).Narayana Murthy: I.T. guru. Chennai: Oxygen Books.{{cite book}}: CS1 maint: publisher location (link)
  • Mitra, Meera (2007).It's only business!: India's corporate social responsiveness in a globalized world; with a foreword by N. R. Narayana Murthy. New Delhi: Oxford University Press.{{cite book}}: CS1 maint: publisher location (link)

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