N R Narayana Murthy, Infosys Chairman Retires

N R Narayana Murthy, the founder and chairman of Infosys Technologies, India’s top technology and software company that put India on the global tech scenario retires as he turns 60 years old in accordance with company policy.

Narayana Murthy will continue to remain on the board as a non-executive chairman and chief mentor to the company. Nandan Nilekani, currently the company’s CEO, president and managing director and one of the co-founders of the company will take charge from now.

I have been big fan after reading profiles of Mr. Murthy over the last few years. Infosys was started by Narayana Murthy and six others in 1981, just 25 years back with Rs 10000 ($250) and has now grown to become a top blue chip $2 billion global company. A man whose life is showcased by examples of simple living (I hear he sometimes still travels by economy class by air) and high thinking , rarely features in lists of Indian top Billionaires (unlike Azim Premji of competitor Wipro) or family promoting businesses. His wife Sudha Murty is well known woman personality too.

Infosys is a favourite blue chip tech company in stock market portfolios and well known for several bonus issues. Infosys has been the top choice for high salary jobs in India for software engineers (not to mention chances to get a good bride / groom) and has created hundreds of young millionaires in India. They created a record of sorts by recieving a million job applications. Infosys Technologies, India’s biggest software and services giant, developed the world’s largest corporate training centre in Mysore.

N R Narayana Murthy has inspired a new generation of young entrepreneurs and lead India to the technlogy global forefront besides creating more millionaires every year…