NARAYAN MURTHY , THE ENTERPRENEUR

PRESENTED BY, SONAM M KHATRI

THE SUMMARY
Born into a Kannada family in Mysore, India on August 20, 1946. B.E. Electrical from University of Mysore (1967) and M.Tech from IIT Kanpur (1969). Narayan Murthy began his career with Patni Computer Systems in Pune. In 1981, Narayana Murthy founded Infosys with six other software professionals.

CONTD
In 1987, Infosys opened its first international office in U.S.A. With the liberalization of Indian economy in 1990s, Infosys grew rapidly. 1993, the company came up with its IPO. In 1995, Infosys set up development centers across cities in India and in 1996, it set up its first office in Europe in Milton Keynes, UK. In 1999, Infosys became the first Indian company to be listed on NASDAQ.

FURTHER CONTD
In 2002, Infosys was ranked No. 1 in the "Best Employers in India 2002" survey conducted by Hewitt and in the Business World's survey of "India's Most Respected Company." Conducted in the same year.

Today (in 2006), Infosys has a turnover of more than $ 2billion and has employee strength of over 50,000. In 2009, his lectures delivered around the world have been published as a book A Better India: A Better World .

HIS JOURNEY OF LIFE

His first position was at IIM Ahmadabad as chief systems programmer where he worked on a timesharing 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.

CONTD
In 1981, with an investment of Rs.10,000 ($250 at the time) from his wife, he founded Infosys with six other software professionals. In 1983 Infosys got their first client, MICO, in Bangalore. After ten years of struggling INFOSYS was still not up and running and Narayan Murthy offers( wittily ) to buy back six others for a hand some amount of a million dollar, then in next ten years INFOSYS become first billion dollar company and rest is History. He served as the president of the National Association of Software and Service Companies, India from 1992 to 1994.

CONTD
Murthy started a new venture capital fund called Catamaran Venture Fund with the money he got by selling 800,000 Infosys shares worth 174 Crores. Sudha Murthy does it again by helping him in setting up his VC Fund by giving him Rs.430 crores which she got by selling quarter of her stake 1.6% in Infosys. Murthy retired from his executive position at Infosys on 20 August 2006. However, he continues as the Non-Executive Chairman of the board.

ABOUT INFOSYS
BASED IN BANGALORE, IS PUBLICLY HELD, ISO 9001 CERTIFIED COMPANY OFFERING INFORMATION TECHNOLOGY CONSULTING AND SOFTWARE SERVICES. RESPECTED ACROSS THE COUNTRY, WITH VERY STRONG SYSTEMS, HIGH ETHICAL VALUES AND A NURTURING WORKING ATMOSPHERE. VOTED AS THE BEST MANAGED COMPANY IN ASIA. CHAMPIONED CORPORATE GOVERNANCE IN INDIA. BIGGEST EXPORTERS OF SOFTWARES.

MURTHYS GLOBAL STRATEGY

GLOBAL DELIVERY MODEL MOVING UP THE VALUE CHAIN PSPD MODEL

REASONS FOR SUCCESS

INVEST IN WELL UNDERSTOOD , PROVEN PRODUCTS AND NOT JUST R&D.

WHEN DEALING WITH INVESTORS, ALWAYS UNDERPROMISE AND OVER-DELIVER.

GIVE STAKEHOLDERS BAD NEWS PROACTIVELY AND EARLY.

HAS A HEALTHY SENSE OF PARANOIA AND RESPECT FOR THE COMPETITION. SPEED, IMAGINATION AND EXCELLENCE. LEADERS IN THE MAKING.

AWARDS RECIEVED
In June 2000, Asiaweek magazine featured him in a list of Asia's 50 Most Powerful People. In 2001, Narayana Murthy was named by TIME/CNN as one of the 25 most influential global executives. He was the first recipient of the Indo-French Forum Medal (2003) and was voted the World Entrepreneur of the Year - 2003 by Ernst and Young.

CONTD
The Economist ranked Narayana Murthy eighth on the list of the 15 most admired global leaders (2005) and Narayan Murthy also topped the Economic Times Corporate Dossier list of India's most powerful CEOs for two consecutive years - 2004 and 2005. In December 2005, Narayana Murthy was voted as the 7th most admired CEO/Chairman in the world in a global study conducted by Burson-Marsteller with the Economist Intelligence Unit . The list included 14 others with distinguished names such as Bill Gates, Steve Jobs and Warren Buffett.

CONTD
In 2008, he was awarded the Padma Vibhushan, a second highest civilian award by India and Lgion d'honneur, the highest civilan award awarded by France.

Murthy also holds over 26 honorary doctorates from universities across the world.

THANK YOU