Narayana Murthy, full name Nagavara Ramarao Narayana Murthy, was born on 20th August 1946. Narayana Murthy Success Story has captured many hearts. He is an Informational Technology industrialist and a co-founder of the IT giant Infosys. Infosys is an MNC which is involved in providing engineering solutions, business consulting, and technology, and outsourcing services. Narayana Murthy life journey has been the inspiration for many.
Narayana Murthy Biography- About family, children, education
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Facts Related to Earlier Life
Narayana Murthy is an electrical engineer from the renowned Institute of National Institute of Engineering affiliated to the University of Mysore. He has done M. Tech from Indian Institute of Technology Kanpur.
Murthy started his career as a chief systems programmer in Indian Institute of Management, Ahmadabad. He had also worked at Patni Computer Systems in Pune. It was in the year 1981 that he started Infosys. Murthy served as the CEO from the years of 2002 to 2011.
In the year 2011 he resigned from the Board of Directors and was appointed as the chairman of Emeritus. On 1st June 2013, Narayana Murthy was appointed for the position of Executive Chairman and Additional Director for the duration of 5years.
Narayana Murthy is listed among the top 12 greatest entrepreneurs in the Fortune magazine. He has been named as the Father of Indian IT sector by the Time Magazine for his remarkable contribution to the sector of outsourcing in India. Prestigious awards like Padma Shri and Padma Vibhushan has been given to him.
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Life lessons from Narayana Murthy
Narayana Murthy served as a Research Associate at IIM Ahmedabad. He then served as a chief systems programmer there. He got the opportunity to work on India’s first time sharing a computer system. He successfully designed and implemented the BASIC interpreter for the ECIL (Electronic Corporation of India Limited)
His first set up was a company named as Softronics. The company failed terribly within one and a half year of operations. He later joined Patni Computer Systems, Pune. This put an end to his struggle life.
Narayana Murthy along with six other IT professionals established Infosys in the year 1981. The initial capital investment was of Rs. 10,000 only. His wife Sudha Murthy provided this fund. Murthy handled the position of CEO of Infosys for around 21 years. This position was later given to the co-founder of Infosys Nandan Nilekani.
He is known for his work in the field of designing and implementation of the Global Delivery Model. He handled the position of Chairman from the year2002-2006. After this, he became the Chief Mentor. In August 2011 he took retirement from the company and took the title of Chairman of Emeritus.
Narayana Murthy is currently serving as an independent director of HSBC (Corporate Board). He has handled the chairmanships of Unilever, NDTV, ICICI, and DBS Bank.
He had also served as a member of the Advisory Board of many educational institutes like ESSEC, INSEAD, Cornell University, UN Foundation, and Ford Foundation, etc.
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Sorted Personal Life!
Narayana Murthy is married to Sudha Murthy. She is a social worker and an author by profession. She has undertaken many philanthropic works under Infosys Foundation. They have two children named Rohan Murthy and Akshata Murthy. Rohan Joined Infosys as an EA (Executive Assistant) to Narayan Murthy for one year. Akshata Murthy is married to Rishi Sunak who is a British Conservative MP. His family life has always been under wraps.
Success Lessons to be Cherished Given by Narayana Murthy in his Biography
- Keep innovating and bringing in new ideas. Innovation is the key to success. Keep brainstorming and generating new business ideas
- Mentoring is the very important factor of a leader. He should constantly mentor to develop a successive generation of future leaders. Consider your teammates as equals. Give equal opportunity to everyone. Let them speak their mind and take initiatives.
- Be courageous in order to go against the conventional methods. Never get afraid of the challenges lying ahead of you. Make sure you are well informed and well educated about the current market trends
- Never underestimate your competitors and respect them and keep learning from them. They are your competitors because they have the capability to introduce innovative ideas in the market.
- Always believe in yourself no matter how the situation is. Always have an alternate plan B if in case you’re original plan fails. If you will have faith in yourself and your dreams you can definitely achieve them.
- Have a good mental state and positive approach towards life
- A leader should have the capability to inculcate a great value system in his organization.
- Be trustworthy of your stakeholders, employees, and society. The stakeholders or shareholders will appreciate and will invest in those companies who share every detail with them. Never hide the true picture from the stakeholders because they are the ones who are running the name of the company
- Be prepared to encash any opportunity to the fullest that comes your way. In his words “luck comes to all, but only those who are prepared for it can seize it”
Do not let the expectations of others pressurize you from achieving your goals in life