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Nagavara Ramarao Narayana Murthy Age Biography Family Net Worth Marriage Wife
Nagavara Ramarao Narayana Murthy's Biography
One of the Infosys Technologies founders is Nagavara Ramarao Narayana Murthy, also known by his stage name Narayana Murthy. N.R. Narayana Murthy, also known as Nagavara Ramarao Narayana Murthy, is a well-known Indian businessman and software engineer.
He is also one of the seven founders of Infosys Technologies, an Indian company that provides global consulting and IT services. Before retiring and assuming the title of chairman emeritus, he served as the company's founder, chairman, chief executive officer (CEO), president, and chief mentor. Before working for Infosys, Murthy was the chief systems programmer at the Indian Institute of Management in Ahmedabad and Patni Computer Systems in Pune (Maharashtra).
In 1981, he started Infosys, serving as its CEO from 1981 to 2002 and as its chairman from 1981 to 2011. In 2011, he withdrew from the board and was given the title of chairman emeritus. In June 2013, Murthy was chosen to hold the position of executive chairman for five years. According to Fortune magazine, Murthy is among the top 12 business leaders of all time.
Time magazine and CNBC have referred to him as the father of the Indian IT business due to his role in outsourcing in India. Murthy is the recipient of the Padma Vibhushan and Padma Shri honors.
Nagavara Ramarao Narayana Murthy’s Age
The Indian billionaire businessman Nagavara Ramarao Narayana Murthy’s birthdate is August 20th, 1946. Nagavara Ramarao Narayana Murthy was 76 years old as of 2022. Nagavara Ramarao Narayana Murthy’s zodiac sign is Leo.
Nagavara Ramarao Narayana Murthy's caste is Brahmin. Nagavara Ramarao Narayana Murthy’s hobbies are reading books and listening to old Hindi and Kannada songs.
Nagavara Ramarao Narayana Murthy’s Family
Nagavara Ramarao Narayana Murthy’s birthplace is in Shidlaghatta, Karnataka. Nagavara Ramarao Narayana Murthy’s father is N. Rama Rao, who was a high school teacher. Nagavara Ramarao Narayana Murthy’s mother is Padavathamma Murthy. He has seven siblings.
Nagavara Ramarao Murthy’s wife, Sudha Murthy, is a fellow electrical engineer and recipient of gold medals from the state of Karnataka and the Indian Institute of Engineers. She is now an author and a social worker. Sudha Murthy, his wife, is a successful businesswoman, educator, author, and head of the Infosys Foundation.
Nagavara Ramarao Narayana Murthy's two children are Rohan Murty, a son, and Akshata Murty, a daughter. Rohan began working for Infosys in June 2013 as his father's executive assistant. In June 2014, he departed Infosys. Akshata wed former UK Chancellor of the Exchequer and Richmond, Yorkshire, Conservative MP Rishi Sunak in 2009. Murthy rejects religion.
Nagavara Ramarao Narayana Murthy's Education
Nagavara Ramarao Narayana Murthy studied electrical engineering at the National Institute of Engineering in Mysore, and he completed his M. Tech. at the Indian Institute of Technology in Kanpur in 1969.
Nagavara Ramarao Narayana Murthy’s Marriage
On 10th February 1978, Nagavara Ramarao Narayana Murthy was married to Sudha Murthy, the director of the Infosys Foundation and a wealthy businesswoman. Rohan Murty, a son, and Akshata Murty, a girl, are his two children. In June 2013, Rohan started working as his father's executive assistant for Infosys. He left Infosys in June 2014. In 2009, Akshata wed Rishi Sunak, a former Conservative MP for Richmond, Yorkshire, and UK Chancellor of the Exchequer.
According to Sudha Murthy, it's crucial to give your partner space. She claims that whereas her spouse, Narayana Murthy, is an introvert, she is an extrovert. Despite their differences, they have always respected each other's personal space and interests. According to her, this is a key factor in their successful and happy marriage.
In the 1980s, Narayana Murthy presented his wife with the idea of Infosys but lacked the capital to launch the company. Sudha Murthy took on the responsibility of the expenses to help him. She contributed Rs. 10,000 from her savings to launch the business. She left her position at Tata Motors and relocated to Pune to support her husband. She allowed Narayana Murthy to achieve his goals, which is thanks to her.
The Murthy brothers behave favorably toward one another. After a long day, they talk to each other and avoid negativity, which helps to lift each other's spirits. According to Narayana Murthy, this is necessary for a happy marriage.
Nagavara Ramarao Narayana Murthy’s Career
Murthy began his employment at IIM Ahmedabad as a research associate for a faculty member and ultimately rose to the position of a principal systems programmer. For Electronics Corporation of India Limited, he designed and implemented a BASIC interpreter while working on India's first time-sharing computer system. He founded the business, Softronics. He joined Patni Computer Systems in Pune after that business failed after roughly a year and a half.
Murthy states that he became a compassionate capitalist from a confused leftist/communist after being arbitrarily detained and exiled in a communist border town in 1974, which inspired him to found Infosys. In 1981, Murthy and his team of six software developers launched Infosys with an Rs. 10,000 seed investment from his wife, Sudha Murthy. From 1981 until 2002, Murthy led Infosys as CEO for 21 years.
Co-founder Nandan Nilekani succeeded him. He developed, devised, and put into action at Infosys a worldwide delivery model for outsourcing IT services from India. From 2002 until 2006, he served as the board's chairman. Subsequently, he also took on the role of chief mentor. He left the corporation in August 2011 and was given the title of chairman emeritus.
Murthy has served as a director on the boards of DBS Bank, Unilever, ICICI, and NDTV. He is currently an independent director on the corporate board of HSBC. As a trustee of the Rhodes Trust, the Infosys Prize, the Institute for Advanced Study in Princeton, and other educational and charitable organizations, he also serves on their advisory boards and councils.
These organizations include Cornell University, INSEAD, ESSEC, the Ford Foundation, the UN Foundation, the Indo-British Partnership, the Asian Institute of Management, and INSEAD. Additionally, he serves as the Public Health Foundation of India's Chairman of the Governing Board. He serves on the British Telecommunications advisory board for the Asia Pacific. He served as co-chair of the Davos World Economic Forum in 2005.
Murthy rejoined Infosys as executive chairman and director in June 2013. He stepped down as executive chairman in June 2014, served as non-executive chairman until October, and then was named chairman emeritus. Murthy also serves on the strategic board, which provides strategic, policy, and governance advice to Cyril Amarchand Mangaldas, a major legal firm. He belongs to the International Advisory Board of IESE (IAB).
In 2016, Murthy discussed How to Be a Better Manager in an interview with Harvard Business Review Ascend. Murthy expressed worries about suspected corporate governance failings at Infosys in 2017. However, the business later refuted these allegations.
Nagavara Ramarao Narayana Murthy’s Controversies
The world's largest provider of technology services is Infosys Ltd. (INFY). NS consented on Wednesday to pay $34 million to close a U.S. inquiry into the common practice of Indian companies to fly employees to client locations in the US on temporary visas. Around 15,000 individuals work for Infosys in the US.
According to a corporate filing, as of March 31, roughly 10,800 of those individuals had H-1B visas, which permit a worker to remain and work in the US for up to six years, and 1,600 had temporary L-1 visas.
According to Infosys, the I-9 forms and B-1 business permits were the main subjects of the U.S. probe. While in the country on a B-1 visa, the holder is permitted to attend meetings but not conduct business. The Bangalore-based company stated that its use of B-1 visas was for legitimate business purposes and was not in any way intended to violate the criteria of the H-1B program.
A person with direct knowledge of the situation who declined to be named said that approximately one B-1 visa has been obtained by Infosys for every ten H-1B visas.
Since 2011, American officials have been investigating Infosys' use of visas. As it tried to end the U.S. probe, Infosys set up a reserve of $35 million this month, which includes legal costs.
Nagavara Ramarao Narayana Murthy’s Net Worth
Narayana Murthy, N.R. Net Worth: N.R. Narayana Murthy is an Indian entrepreneur with a $1.6 billion net worth. The co-founder of Infosys, a global provider of business consulting, technology, engineering, and outsourcing services, Narayana Murthy made a name for himself as an IT industrialist. N.R. Narayana Murthy is one of the Top 100 Richest Men in India with a net worth of $3.9 billion (Rs 30,201 crores).
He is a multibillionaire businessman from India. His Harvard-educated son, Rohan, gave Harvard University Press $5.2 million to establish the Murty Classical Library, a repository of classical Indian literature. Murthy, one of India's richest individuals, maintains a modest lifestyle and yet flies in the economy. Fortune magazine has ranked Murthy as one of the top 12 businessmen of all time.
Nagavara Ramarao Narayana Murthy’s Awards
- 2000 Padma Shri from the government of India
- 2003 Ernst and Young Entrepreneur of the Year Award
- 2007 IEEE Ernst Weber Engineering Leadership Recognition by Institute of Electrical and Electronics Engineers
- 2007 Honorary commander of the order of the British Empire by the Government of the United Kingdom
- 2008 Padma Vibhushan by the Government of India
- 2008 Officer of the Legion of Honor by the Government of France
- 2011 NDTV Indian of the year’s Icon of India by NDTV
- 2013 The Asian Awards for Philanthropists of the Year
- 2014 CIF Chanchlani Global Indian Award by Canada India Foundation.
6 Fun Facts About Nagavara Ramarao Narayana Murthy
- Before launching Infosys, he gained knowledge and started modestly. He was employed with Patni Computer Systems in Pune and the Indian Institute of Management in Ahmedabad as a lead systems programmer (Maharashtra).
- In 1981, Narayana Murthy and six software professionals launched Infosys with a Rs 10,000 seed investment from his wife Sudha Murthy. Sudha Murty, the wife of Narayana Murthy and a renowned novelist as well as an acclaimed engineering academician, is currently in charge of the Infosys Trust, which aids the less fortunate.
- From 1981 until 2002, NR Narayana Murthy led Infosys as CEO. From 2002 to 2011, he served as chairman. He left the board in 2011 and was named chairman emeritus. Murthy was chosen to serve as executive chairman for a five-year term in June 2013.
- Murthy was ranked by Fortune magazine as one of the top 12 business leaders of all time. Due to his involvement in outsourcing in India, Time magazine referred to him as the father of the Indian IT business.
- In 2020, the self-made businessman who has also been a model of strong business ethics was ranked #1135 among the world's billionaires, and in 2019, he was ranked #51 among India's Richest. However, the modest and down-to-earth family lives simply and is active in charities.
- Narayana Murthy has written an inspirational book titled Better India: A Better World, drawing on the incredible Infosys tale and the lessons discovered during the two decades after the country's economic reform. Murthy puts out the guidelines that must be followed for future generations to inherit a truly progressive country.