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Infosys Chairman Narayana Murthy Steps Down
At 65 Murthy walks out of the company he built. K V Kamath to take over | By Yentha
On Aug 20, 2011

 

Bangalore: N R Narayana Murthy stepped down from the Infosys chairmanship yesterday. He spent 20 years to make Infosys one of the top  successful IT companies in the world. He completed 65 years today and that is the reason why he quit the position. K V Kamath, independent director on the Infosys board since May 2009 will take the role of Murthy.

 

Image Courtesy: thepicky.com

 

The Infosys campus at Bangalore hosted a farewell for their chairman. All seven co-founders, prominent former employees and family members attended the function. It is indeed quite a rare feat in India for a person to walk out of his own company at the age of just 65.

Narayana Murthy and six other engineers created Infosys in 1981. It started its operation with a capital amount of Rs 10,000. This investment was borrowed from Murthy’s wife, Sudha Murthy. Today,  Infosys’ revenues exceed Rs.27,000 crores.

Born in Karnataka on August 20th 65 years ago, he obtained his engineering degree (BE) from the University of Mysore in 1967. After that he took his Masters Degree (M Tech) from the Indian Institute of Technology (IIT) Kanpur in 1969.

 

From 1993, his company was listed in the Indian market. In 1999 it became the first Indian company to be listed on the New York-based NASADAQ. In 2004, TIME Magazine identified him as one of ten global leaders who are helping shape the future of technology.

 

While Murthy was the company’s CEO between 1981 and 2002, he was Executive Chairperson of the board from 2002 to 2006. On August 20th, 2006 he retired from his executive position at Infosys. After that he became the non-executive chairman of the board and chief mentor of the company.

His outstanding leadership qualities have been recognised universally. He also serves on the boards of some of the world’s biggest companies. In 2008 he was awarded the Padma Vibhushan, the country’s second highest civilian award.

 
 
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