Narayan Murthy bids farewell to Infosys

Narayan Murthy
Bangalore, Jun 12: NR Narayana Murthy, Chairman , Infosys Technologies Limited on Saturday, Jun 11, received a farewell at the 30th annual general meeting here.

"I am an average person with many below-average attributes.... My little story should be a confidence-booster for every average person in the world (so) that he or she can make a difference, at least in a small way, to this world," said Murthy speaking to shareholders.

Murthy's journey is considered to be one of India's successful wealth creator's stories. Through the stock options, Infosys employees have helped benefit an amount of Rs 50,000, as 27% of equity have been allocated by the company to them. The disbursement distributed among the shareholders totals about Rs 11,623 crore.

At Infosys, the market capitalisation grew gradually at a rate of 50% since the year 1994, making it the second technology valued company in India with about 4.5 lakh shareholders.

The farewell was watched by his wife Sudha, his daughter-in-law Lakshmi and son and the families of senior executives and other founders. Murthy further said that Infosys was in its 30th year and it looked like a good time to look ahead and reflect.

"The crucial things we have to do are: be firm in pursuing our values, recognize our weaknesses, embrace meritocracy, be open-minded about learning from people better than us, learn from our mistakes and not repeat them, be humble, honest and courteous, be firm in taking quick decisions," said Murthy welcoming four new members aboard-Ashok Vemuri, BG Srinivas, Anne Fudge and V Balakrishnan.

"The Infosys journey has been an integral part of my life. My colleagues say Infosys is an inseparable part of me, and I am an inseparable part of Infosys. I have been a No. 1 actor in every major decision taken in this company so far. I have rejoiced in every milestone of the company," he said.

"It is not easy for me to deliver my last address at this forum. As I speak, a mosaic of images from the past whizz through my mind. The list seems endless, and it would be difficult to narrate them all. The day we assembled in my tiny apartment in Mumbai to decide that respect from every shareholder was the most valuable thing for us, was momentous," said Murthy.

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