Narayana Murthy''s last day as Infosys Chairman

Murthy to hand over his role to K V Kamath

PTI | August 19, 2011



Having successfully steered Infosys to a place among the top IT companies of the world in the short span of 20 years, N R Narayana Murthy will step down as Chairman of the company on Friday, albeit with firm indications that he will continue to guide the organisation.

Murthy will hand over his role to K V Kamath, who has been an independent director on the Infosys board since May, 2009. S D Sibulal will take over as the new CEO and MD and S Gopalakrishnan will be Executive Co-Chairman of Infosys. Kris Gopalakrishnan, the current CEO of Infosys, who is also a co-founder, has been elevated as the Executive Co-Chairman.

Murthy's exit as the chairman will mark the end of a formal association with the company, but he will continue to guide the organisation in the capacity of Chairman Emeritus.

"I would be called Chairman Emeritus. I will have a room which I can use if I want... but as propriety demands, I will have no say in any matter, I will not be allowed to attend any board meetings or any meetings. I can meet anybody personally," Murthy had said earlier.

Infosys will host a farewell for Murthy at its campus in Bangalore in the evening, which will be attended by all seven co-founders and prominent former employees, including T V Mohandas Pai and Phaneesh Murthy and Murthy's family.

Murthy co-founded Infosys in 1981 in Pune with six other engineers and created thousands of millionaires courtesy its stock option schemes. Infosys started its operations in a 10x10 room with a capital investment of just Rs 10,000, which was borrowed from Murthy's wife, Sudha Murthy. Now, its revenues have grown to Rs 27,000 crore.

Murthy served as the founder CEO of Infosys for 21 years and was succeeded by co-founder Nandan Nilekani in March, 2002. Born on August 20, 1946, in Karnataka, Murthy obtained his engineering degree (BE) from the University of Mysore in 1967. He then attended the Indian Institute of Technology (IIT, Kanpur) for his master's degree (M Tech) in 1969.

Murthy's vision and business sense made the company go from strength to strength. In 1993, Infosys got listed in the Indian markets and later became the first Indian company to be listed on the New York-based NASDAQ in 1999.
 

Comments

 

Other News

Who checks the books?

I read about the news about the Coimbatore library over coffee this morning. On the face of it, the headline was about a political ‘war’ between the DMK and TVK. But what stayed with me was something much more important than the blame game behind what had transpired. A writer walking through

Development paradox: Falling poverty miracle and an inequality problem

India’s reduction in poverty over the past decade is a development achievement of considerable significance. The World Bank’s April 2026 ‘India Development Update’ estimates that the share of Indians living below the international extreme-poverty line of $3.00 per person per day i

In Arunachal, a river we call mother

In Arunachal Pradesh, the Siang is not just a river. For many of us, especially the Adi people, it is part of our family. Our grandparents fished in it. Children learned to swim in it. Our farms drink from it. When someone says a huge dam will be built on it, we do not hear the word "project".

A new retelling of the Mahabharata delves into key moments

In a time when every decision carries consequences and questions of ambition, power, loyalty, identity and moral choice continue to shape our lives, Dr. Arun Krishnan’s new book, ‘Mahakshana’ (Penguin India) offers a strikingly relevant retelling of the Mahabharata.  

Cabinet approves viability gap funding to develop grid-scale energy storage systems

The Union Cabinet, chaired by PM Narendra Modi, has approved the Viability Gap Funding (VGF) Scheme for Development of Grid-Scale Energy Storage Systems, with a total financial support of Rs.14,500 crore for the period FY 2026-27 to FY 2030-31. The scheme aims to support the development o

Cabinet creates a pathway to absorb Agniveers in Defence Forces

An objective assessment in terms of organisational requirements and operational efficiency has brought out the outstanding performance of Agniveers in terms of skills, motivation levels, physical fitness and technological prowess. As envisaged earlier, based on merit, 25% of Agniveers will be offered reg

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter