N R Narayana Murthy

Narayana Murthy donates 200,000 pounds for UK Gandhi statue

Narayana MurthyLondon: Infosys co-founder Narayana Murthy and his family have donated 200,000 pounds towards the statue of Mahatma Gandhi planned for Parliament Square here, helping in meeting the budget target of 750,000 pounds for the project.

"Mahatma Gandhi was someone who demonstrated the tremendous power of leadership by example. His courage and commitment are an inspiration and I am delighted that his statue will stand in such a respected setting," said Murthy.

The donation by Murthy along with wife Sudha and children Akshata and Rohan Murthy has helped the Gandhi Statue Memorial Trust meet its 750,000 pounds budget target for the project.

Narayana Murthy, Gopalakrishnan bid farewell to Infosys

Narayana Murthy, GopalakrishnanBangalore: Thirty-three years after starting Infosys, its founders NR Narayana Murthy and S Gopalakrishnan Wednesday bade farewell to the over USD 8 billion IT firm with the former saying he has no regrets and the latter emphasising that politics is not his cup of tea.

Seven co-founders, led by Murthy, set up the Bangalore- based firm in 1981. Murthy had the longest run of about 21 years as CEO before passing the baton to Nandan Nilekani and then Gopalakrishnan and S D Shibulal.

Infosys diluted focus on meritocracy, accountability: Narayana Murthy

N-R-Narayana-MurthyBangalore: As he signed off his second innings at Infosys, industry icon N R Narayana Murthy on Saturday said the nation's second largest IT services firm Infosys had "diluted focus on meritocracy and accountability" in the past decade, forcing him to take "hard and tough decisions."

I have fulfilled mandates given by Infosys Board: Murthy

N R Narayana MurthyBangalore: Set to wrap up his second innings, Infosys co-founder N R Narayana Murthy on Thursday said he has fulfilled mandates given to him by the company's board and now plans to spend time with his grandchildren and read books.

"When the Board of Directors at Infosys requested me to come back last year they gave me two mandates, one - to assist them in finding an excellent successor to (CEO S D) Shibulal. The second mandate they gave me was to create a strong foundation for future growth of the company. I believe by and large I have fulfilled both of these obligations," he said.

New CEO for Infosys soon, says Murthy

Narayana-Murthy.Bangalore, May 30 : India's second largest IT firm Infosys Ltd would soon name its new chief executive officer to succeed incumbent S. D. Shibulal as the selection process was in progress, executive chairman and co-founder N. R. Narayana Murthy said Friday.

"The selection process is progressing as planned and the nomination board will announce the new CEO at the conclusion of the process soon," Murthy told his employees in an e-mail.

Meanwhile, executive vice-chairman S. Gopalakrishnan and Shibulal will steer the $8.25-billion global software major with the company's board of directors.

Fat needs to be removed: Narayana Murthy

Fat needs to be removed: Narayana Murthy Infosys Chairman NR Narayana Murthy has warned that executives who are earning fat salaries but adding little value to the company would have to exit.

Promising action against executives who are turning in below-par performances, Mr. Murthy said a lot of fat needed to be removed.

Speaking at an investor call with Bank of America-Merrill Lynch on Wednesday, he said, "A lot of fat needs to be removed . We will give these people the opportunity and tools to improve, but if they don't, we will have to bid them goodbye."

Infosys unveils retail platform for global brands

Infosys-TradeEdgeBangalore, Dec 9 : Indian IT bellwether Infosys Monday launched a new product platform that helps global brands in the FMCG (fast-moving consumer goods) segment drive profitable growth in the emerging markets.

"As one of our latest offering in the products, platforms and solutions space, the retail platform has been designed to help global brands accelerate profitable growth in the emerging markets," Infosys chief executive N. R. Narayana Murthy said at the product preview.

Investors hope Murthy's return will revive Infosys fortunes

NR-Narayana-MurthyBangalore, June 15 : Investors of India's second largest IT bellwether Infosys Ltd Saturday hoped the return of iconic co-founder N. R. Narayana Murthy as executive chairman would revive the company's fortunes.

"Re-induction of Murthy as chairman augurs well for all the stakeholders as he was instrumental in building Infosys and making it a global software major," a shareholder said at the company's 32nd annual general meeting (AGM) here. The view was echoed by many others too.

Murthy to give strategic direction to Infosys: Kamath

kv-kamathBangalore, June 15 : Infosys' co-founder N. R. Narayana Murthy will provide strategic direction to the global software major on return as executive chairman, outgoing chairman K. V. Kamath said Saturday.

"Murthy, who has consented to be executive chairman again, will guide the company when the industry is facing challenges of an inflexion point in the technology business and provide strategic direction at this point of time," Kamath said at the company's 32nd annual general meeting here.

Narayana Murthy’s act of selecting his son as assistant is sheer nepotism: many believe

Narayana Murthy’s act of selecting his son as assistant is sheer nepotism: many believeWhile NR Narayana Murthy's return to Infosys as executive chairman triggered optimism and provided a much-needed boost to the software firm's shares, many aspiring employees at the company are concerned NR that Mr. Narayana's son Rohan Murty may now get undue support to reach a leadership position in the company.

IT industry shares concerns expressed by Premji, says Nasscom

IT industry shares concerns expressed by Premji, says NasscomIndustry body, the National Association of Software and Services Companies (Nasscom) has said that the IT industry agrees with the concerns expressed by Infosys' chairman N R Narayana Murthy and Wipro chairman Azim Premji on the mismanagement by the government.

CEO Narayana Murthy’s Professional Voyage with Infosys Ends Today

CEO Narayana Murthy’s Professional Voyage with Infosys Ends TodayNR Narayana Murthy, with its six co-founders, started Infosys in a 10x10 room with an investment of just Rs 10,000 and that too was borrowed from his wife, Sudha Murthy. The company that got started in Pune in 1981 with said amount has increased its revenue to Rs. 27000 crore.

Everything kept on increasing, profits, share, employees, standings, but the person who head the company and held it like his baby would step down from his post of CEO. His place would be taken by the KV Kamath, an Independent Director in Infosys.

Murthy wishes to hire Americans for the IT Cos

India shall now have to employ regional people at the front end of its process to alleviate the uneasiness and contracting out jitters, as per the Infosys mentor N R Narayana Murthy.

He further added when inquired regarding a probable resolution over IT outsourcing issues handled by Indian groups that they have to make certain that they are not very noticeable in such markets. He said that they need to employ local genius. Employ Englishmen in England; appoint Americans in US and the Brazilian in Brazil.

Indian companies will counter visa fee hike- Says Narayana Murthy

Indian companies will counter visa fee hike- Says Narayana Murthy Founder of Infosys N. R. Narayana Murthy has said that he has confidence in the Indian software companies to fight the stress of the recent increase in the price of visa by the US government and that they will face it with a much more competitive spirit, resorting to innovation as their weapon to increase their productivity.

Talent scarcity crimps IT's growth- Says Narayana Murthy

Infosys-Narayana-MurthyToday, most of the engineering graduates that are hired by the IT-sector come from the non-computer science backgrounds like electrical engineering, mechanical engineering and civil engineering.

This is due to the dearth of computer science engineers in the nation, thereby forcing even the very successful IT-sector to opt for alternative engineering backgrounds. This has been said by the founder of Infosys, Mr. Narayana Murthy.

Murthy to resign as Infosys chief in 2011

Murthy to resign as Infosys chief in 2011New Delhi, Dec 22 : India''s second largest IT firm Infosys is all set for a change in its leadership with Infosys chief NR Narayana Murthy most likely to retire in 2011.

In an interview to a news channel, Murthy shared his opinion on who will take over as the next chief after his retirement, saying that Infosys has a lot of talented people and indirectly hinted out that somebody loyal to the organisation will take the charge, selected mainly on the basis of merit and competence.

Infosys chief, promoters in trouble over Bangalore airpot

Infosys chief, promoters in trouble over Bangalore airpotBangalore, Dec 21 : A Karnataka legislature committee Monday recommended appropriate action against Infosys chairman N. R. Narayana Murthy and promoters of the Bengaluru international airport - Larson & Toubro (L&T), Siemens and Zurich - for the shoddy work.

A report of the 21-member joint house committee, tabled in the state assembly, said the decisions at each stage (right from project approval to construction) were not in accordance with the expectation of a world class international airport.

India Needs to Learn to Balance Finances and Competition in Troubled Economic Times - Infosys Founder

IT sectors across the global were one of the worst hit during the latest financial crisis, and although India has been fortunate and not hurt too badly, Infosys founder N. R. Narayana Murthy believes that there is one very important lesson that the country needs to learn from the situation; India's industries and markets need to learn how to strike a good balance between being secure on the financial front and remaining competitive.

"Despite the relative health of the Indian economy, we should be mindful of the fact that the danger of an economic downturn in India has not yet passed and situation could change rapidly", said Mr. Murthy while sharing his thoughts on Friday.

Murthy stepping down

Murthy stepping downThe big news doing the rounds is that IT major Infosys Technologies founder N R Narayana Murthy has resigned as the director of NDTV with immediate effect.

NDTV has informed the market that Murthy has articulated his inability to persist on its board because of his other commitments.

In a disclosure to stock exchange, NDTV said: “In view of increasing pressure on his time and due to his commitments within and outside Infosys, N R Narayana Murthy has expressed his inability to continue as a director on the board of Directors of the company with immediate effect.”

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