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A Speech by N. R. Narayana Murthy
- 1. - Deekshana
- 2. Narayana Murthy • Nagavara Ramaroa Narayana Murthy (NRN) • Co-founder of Infosys Technologies • Father of Indian IT Industry • Born on August 20, 1946 in kolar district, karnataka
- 3. Career • 1976 - joined IIM Ahmedabad – chief systems • Initiated – small IT software consulting firm – Pune – but failed • Soul mate – Sudha Murthy
- 4. Infosys • Founder – Infosys Technologies – IT services company – Bangalore, India • Started – 1980 – a colleague & 5 others – initial capital – Rs 10,000 • Currently – 70,000 employees & hold shares • 30 offices world wide – income Rs 3.7 crores
- 5. Introduction
- 6. Fortuitous Events • 1st event – 1968 - graduate student – control theory @ IIT Kanpur • Encounter – famous computer scientist – well known US university • He – discussed – new developments – field – computer science – w/ large group of students • Determined – study – computer science
- 7. Fortuitous Events cntd. • 2nd event – 1974 – Nis, a border town • Sofia express – only passengers – a girl & a boy • Conversed – french – girl – about – travails of living in an iron curtain country • Policemen – interrupted – summoned – criticising – communist govt. Bulgaria
- 8. Fortuitous Events cntd. • Held – bitterly cold room – 72 hours • Rethink – convictions – communism – purged • Concluded – entrepreneurship – large scale job creation – mechanism – eradicate poverty
- 9. Planned events • 1990 – decided – sell Infosys - $1 million • 17 years – since – Infosys – revenues – excess of $3.0 billion, net income - >$800 million & market capitalisation - > $28 billion • 70,000+ jobs
- 10. Planned events cntd. • 1995 - Fortune – 10 corporation – sequestered – all their Indian software vendors • 1st – revenues – around $5 million – minnows comparatively • 2nd – customer – contributed – 25% revenues. Loss – devastate – company • 3rd – customer’s negotiation style – aggressive
- 11. Planned events cntd. • long term interests of Infosys – not accept • created – Risk Mitigation Council – no more dependence – 1 client, technology, country, application area or key employee
- 12. Life lessons ①Importance of learning from experience ②Power of chance events ③Capabilities as a result of hardwork & not – inherent ④Highest form of knowledge – self knowledge
- 13. Conclusion • After success – all are temporary custodians – generated wealth. • Best use – share – with less fortunate