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Narayana murthy steps down as Chairman

By Staff
Time
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New Delhi Aug 20: Executive Chairman and Chief Mentor of Infosys, steped down as the Chairman of Infosys on his birthday."The ultimate contribution of Infosys is when entrepreneurs say that if these seven jokers could do it together we could do it too," Murthy said.
Infosys, one of India's greatest entrepreneurial success stories had a humble 0 beginning. Infosys has grown to a market cap of about Rs 93,000 crore making it the fourth largest company by market capitalisation under the able hands of Murthy.
"As people who are making capitalism become more and more attractive through entrepreneurship, I think we have to conduct ourselves in a manner that people see us as approachable. I am a very religious person and so to that extent I think we were very lucky to come together. And as I have often said if I was to do it again, I would do it with the same people," Murthy said.

Murthy's integrity and vision has made him an icon not just in India but internationally as well. The Economist ranked him eighth on the list of the 15 most admired global leaders in 2005.

Financial Times ranked him 28th among the world's most-respected business leaders last year. And Time magazine named him as one of the 10 leaders shaping the future of technology.

"I think he is an extraordinary leader. I think when the history of India will be written he will be ranked up there in the top leaders of this country. And this is because he is able to lead the country. He is a fair person but also very tough. In fact he is the toughest on me," MD and CEO, Infosys, Nandan Nilekani said.

A stickler for quality and high corporate governance Murthy ensured Infosys never promised what it couldn't deliver. While some saw this as conservatism, Murthy's philosophy was simple - when in doubt, disclose.

"I think it is part of the value system. It is about being trustworthy, about delivering what one has promised and so it is about being predictable. Once all of us have agreed on that we obviously have to say things or commit to things that we live up to," Murthy said.

Sources

Published On August 26, 2006
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