India’s work productivity is one of the lowest in the world; so therefore, my request is that our youngsters must say, this is my country. I’d like to work 70 hours a week.
Narayana Murthy
And now you know who the man is. Although he has garnered a lot of attention recently because of his statement, the man is a renowned Indian billionaire businessman. The 70-hour work debate may have stirred a major conflict in work-life balance, however, Narayana Murthy disagrees budging from his statement.
Today, we will try to dive deep into Narayana Murthy’s story and glance over his life and career that assured him very deserved success. Born on 20th August 1946, Narayana Murthy hails from a humble background and was born into a middle-class Hindu family. Murthy’s father was a schoolteacher in Mysore. He came from a low-income household and was the fifth of eight children.
Career Trajectory Of Narayana Murthy
Narayana Murthy pursued his bachelor’s degree in Electrical Engineering from the National Institute of Engineering, Mysore. Further, he went on to pursue a master’s degree from the Indian Institute of Technology, Kanpur.
Murthy worked as a research associate at IIM Ahmedabad. His major role was that of a chief system programmer. He worked on the computer that was used to construct the Electronics Corporation of India’s BASIC interpreter.
Later, Murthy also applied at Wipro where he was eventually turned down by the founder, Azim Premji. Murthy founded Softronics, a software consulting firm that failed miserably. Narayana was very adamant about his free will, even though Sudha’s father had stipulated that he needed to be settled down with a respectable profession to receive his blessings.
He later joined Patni Computer Systems in Pune as a general manager. Seeing Murthy securing a job, Sudha’s father agreed to give her daughter’s hand in marriage to him. He made sure to marry Sudha before joining the company. This was also motivated by his desire to consummate the marriage before traveling to the US for training.
The birth of Infosys
The story of Sudha Murthy and Narayana Murthy is as fascinating as any love story out there.
We all are aware of the famous story of how Sudha Murthy invested Rs.10,000 in the IT company Infosys designed by her husband. However skeptical, Sudha later claimed that she saved Rs. 250 from the total for being unsure of the success of this venture.
Today, Infosys might be known just by Narayana Murthy but it would be unjust to acknowledge the hardships Sudha Murthy chose to assist her husband in his new venture. In her life, Sudha has taken on a far more significant and daring role. She sacrificed her personal life and career to support NR Murthy in establishing Infosys.
The birth of Infosys, It was the year 1981, along with 6 (six) other engineers Murthy experimented firsthand with entrepreneurship. The company was founded in Pune, and today it is headquartered in Bangalore. The company provides consulting and next-generation digital services.
It helps businesses increase operational efficiency and strengthen their technological infrastructure by offering IT services and consulting solutions. This covers services including enterprise resource planning (ERP) deployment, cloud computing, data analytics, system integration, application development, and cybersecurity.
Not only this, Infosys has established itself as one of the most promising consultant and strategist companies that assists its clients in developing business plans, enhancing processes, and resolving issues with organizations. The company provides tailor-made support, application maintenance, and software development services.
Services provided by Infosys
- NIA – Next Generation Integrated AI Platform (formerly known as Mana)
- Infosys Consulting – a global management consulting service
- Infosys Information Platform (IIP), an analytics platform
- EdgeVerve Systems, which includes Finacle, a global banking platform
- Panaya Cloud Suite
- Infosys Equinox (formally known as Skava)
Infosys today
The offices and development centers (DCs) of Infosys are spread throughout India and other countries. As of 2023, the business is operated out of 274 locations in 56 nations. A massive presence is seen in countries like- the United States, China, Australia, Japan, the Middle East, and Europe.
Shareholders and Stakeholders
Since its founding, Infosys Technologies has expanded swiftly and performed admirably on both the domestic and global stock markets. It was the first firm registered in India to list on an American stock exchange, NASDAQ: INFY, in March 1999. The BSE, where Infosys is a constituent of the BSE SENSEX, and the NSE, where it is a NIFTY 50 Constituent, both list the company’s shares in India.
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Final thoughts
It is the story of love, loss, commitment, and determination; Narayana’s life is an example of hard work and grit. He has crafted a good image of Infosys, giving a tough challenge to its competitor, Wipro, from which he was denied the job. As of today, at Rs 1,555.20, Infosys is trading 0.04% higher than where it closed yesterday. Infosys’s trading range has been between 1,576.45 and 1,544.00.
Frequently Asked Questions (FAQs)
Where was Narayana Murthy born?
Narayana Murthy was born in Sidlaghatta, Karnataka.
From where did Murthy pursue his Electrical engineering degree?
Narayana Murthy pursued Electrical Engineering from the National Institute of Engineering, Mysore.
When was Infosys founded?
Infosys was founded on 2nd July, 1981.
Which company rejected Murthy at first?
Wipro rejected Murthy at first.
Who is Narayana Murthy’s wife?
Sudah Murthy is Narayana Murthy’s wife.
Where did Murthy work as a research assistant?
Murthy worked as a research associate at IIM Ahmedabad.
What services does Infosys provide?
The following are the services provided by Infosys:-
1. NIA – Next Generation Integrated AI Platform (formerly known as Mana)
2. Infosys Consulting – a global management consulting service
3. Infosys Information Platform (IIP), an analytics platform
4. EdgeVerve Systems, which includes Finacle, a global banking platform
5. Panaya Cloud Suite
6. Infosys Equinox (formally known as Skava).
What was Murthy’s other company that he founded?
Murthy founded Softronics which failed eventually.
In how many nations is Infosys currently present?
Today, Infosys is present in 56 nations worldwide.
Which Indian company was the first to be listed on the American Stock Exchange?
Infosys was the company to be first listed on the American Stock Exchange.
