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What is Entrepreneur?
The term 'Entrepreneur' has been derived from a French word
'Entreprendre' meaning to undertake certain activities. Normally,
entrepreneur has to perform two types of functions which are
explained here with the help of pictures given below.
To be a successful and ideal entrepreneur, one should have certain qualities
or skills as given below :-
Ability to organize : He should be able to organize various factors effectively. He
has to understand all the aspects of the business.
Professional approach : He should be objective and professional in approach.
Risk bearer : He should be risk taker. He should be ready to bear risk and
Innovative : Organizer should be innovative. He should adopt modern techniques of
production. He should not be reluctant to changes.
Decision Making : One has to take right decision at a right time by showing his
promptness. Quick decisions are expected but hasty decisions shouldn't be taken.
Delay in decisions may increase cost of project and reduce the profits.
Negotiation skills : Businessman regularly comes into contact with various persons
like consumers, workers, government officials, etc. so he should communicate
ABOUT NARAYAN MURTHY
Nagavara Ramarao Narayana Murthy born 20 August
1946), commonly referred to as Narayana Murthy. Murthy
studied electrical engineering at the National Institute of
Engineering, University of Mysore, and M. Tech at the Indian
Institute of Technology Kanpur. Before starting Infosys,
Murthy worked with Indian Institute of Management
Ahmadabad as chief systems programmer and Patni Computer
Systems in Pune (Maharashtra).
His wife, Sudha Murthy née Kulkarni,a B.E. in Electrical
Engineering from the B.V.Bhoomaraddi College of
Engineering & Technology,Hubli. standing first in her class
and receiving a gold medal from the Chief Minister of
Karnataka. He has two children, a son Rohan Murty and a
daughter Akshata Murthy.
Year Name Awarding organization
2000 Padma Shri Government of India
2003 Young World Entrepreneur
Of The Year
Ernst & Young World
Entrepreneur Of The Year
2007 Commander of the Order of
the British Empire
Government of United
2008 Padma Vibhushan Government of India
2011 NDTV Indian of the Year's
Icon of India
2012 Hoover Medal American Society of
2013 Philanthropist of the Year The Asian Awards
Let us take a look at some inspiring quotes by Mr
"Character + Chance = Success“
Narayana Murthy was not born with a silver spoon in
his mouth; in fact, he had to work extremely hard to
reach the top. Narayana Murthy began his career as a
chief systems programmer at IIM Ahmedabad. He then
started a company called Softronics, which failed after
1.5 years of its inception.
Despite the failures he encountered at an early age, he
did not give up his dream of being an entrepreneur.
He learnt from his previous mistakes and decided to start
afresh in 1981. That year, he, together with six software
professionals, put together Rs 10,000 to create a company
1981: Infosys is established by N. R. Narayana Murthy and
six engineers in Pune, India, with an initial capital of US$ 250
1983: Relocates corporate headquarters to Bangalore
1987: Opens first international office in Boston, US
1993: Introduces Employee Stock Options (ESOP)program
Acquires ISO 9001/TickIT certification
1996: The Infosys Foundation is established
1997: Opens an office in Toronto, Canada
1999: Touches revenues of US$ 100 million.
Opens offices in Germany, Sweden, Belgium,
Australia, and two development centers in the US
2000: Touches revenues of US$ 200 million
Opens offices in France and Hong Kong, a global
development center in Canada and UK,
2001: Touches revenues of US$ 400 million. Opens offices in
UAE and Argentina, and a development center in Japan
N. R. Narayana Murthy is rated among Time Magazine/CNN's
25 most influential businessmen in the world
Infosys is rated as the Best Employer by Business World.
2002: Touches revenues of US$ 500 million
Nandan M. Nilekani takes over as CEO from N.R. Narayana
Murthy, who is appointed Chairman and Chief Mentor
Opens offices in the Netherlands, Singapore and Switzerland
Establishes subsidiaries in China and Australia
Expands operations in Pune and China, and sets up a
development center in Thiruvananthapuram
2004: Annual Revenues reach US$ 1 billion
2005: Records the largest international equity offering of US$ 1
billion from India
2006: Infosys celebrates 25 years. Employees grow to 50,000+
Annual revenues double to $ 2 billion. It took 23 years to reach first
billion, only 23 months to reach next billion in revenues
N. R. Narayana Murthy retires from the services of the company
on turning 60.
2007: Kris Gopalakrishnan, COO, takes over as CEO. Nandan M.
Nilekani is appointed Co-Chairman of the Board of Directors
Quarterly revenues cross US$ 1billion
2008: Infosys crosses revenues of US$ $ 4 billion
Annual net profits cross US$ 1 billion
2009: Infosys selected as a member of The Global Dow
Employee strength grows to over 100,000
2010: Infosys crosses the US$ 5 billion revenue mark
2011: N. R. Narayana Murthy hands over chairmanship to K.V.
2012: Forbes ranks Infosys among the world's most innovative
Infosys among top 25 performers in Caring for Climate Initiative
2013: Infosys Board appoints N. R. Narayana Murthy as
Executive Chairman of the Board
Infosys Edge™ wins the NASSCOM Business Innovation Award
Infosys presented with ‘2013 Environmental Tracking Carbon
Ranking Leader’ award
2014: Dr. Vishal Sikka takes over as the CEO and MD from S.D.
Revenue crosses 50,000 crore in rupee terms.