NARAYANA MURTHY:-“A LIFE WELL

LIVED”

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ACKNOWLEDGMENT

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As we enter the 21st century with new hopes and new expectations, it is imperative that we appreciate the world around us is changing rapidly, throwing open great challenge and innumerable opportunities. Survival and success depends on the abilities to be creative, flexible and adaptable. And even in that there are no defines models that can followed. The best course is to simple trust your own instincts, set your own rules and embrace challenges.

It gives an immense pleasure to present this project of NARAYANAA MURTHY: “A LIFE WELL LIVED” to our prof.Mr M.Ahmad and we are thankful to him to give us with such a good topic and allowing us to learn something new about the person who has done remarkable work in the field of I.T but also done a great job in understanding the corporate social responsibilities (CSR).

We hope that the research which we have done is up to mark.

INDEX

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I. INTRODUCTION

II. PERSONAL PROFILE

III. PROFESSIONAL BACKGROUND

IV. PROBLEM & CHALLENGES FACED

V. METHODS FOR SOLVING PROBLEMS &

CHALLENGES

VI. SOCIETAL OUTLOOK

VII. MURTHY’S CONTRIBUTION TOWARDS SOCIETY

VIII. NARAYANAA MURTHY:-“THE LIFE LESSONS THIS

EVENTS HAVE TAUGHT ME’’.

IX. THE MURTHY ERA ENDS AS INFOSYS 3.0 IS

LAUNCHED WITH NEW LEADERSHIP

X. FUTURE PLANS

XI. BILL GATES- NARAYANA MURTHY & THEIR

THINKING

XII. INTERACTION- NARAYANA & BILLGATES

XIII. CONCLUSION

INTRODUCTION

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N. R. NARAYANAa Murthy is the Founder-Chairman of Infosys Limited, a global software consulting company headquartered in Bangalore, India. He founded Infosys in 1981. Under his leadership, Infosys was listed on NASDAQ in 1999.

Mr. Murthy articulated, designed and implemented the Global Delivery Model which has become the foundation for the huge success in IT services

outsourcing from India. He has led key corporate governance initiatives in India. He is an IT advisor to several Asian countries.

He serves on the boards of HSBC, Ford Foundation and the UN Foundation. He served as a member of the Unilever board between 2007 and 2010. He also serves on the boards of Wharton School; Indian School of Business, Hyderabad; Rhodes Trust, and International Institute of Information Technology, Bangalore.

The Economist ranked NARAYANAa Murthy among the ten most-admired global business leaders in 2005. He topped the Economic Times list of India’s most powerful CEOs for three consecutive years: 2004 to 2006. He has been awarded the Padma Vibhushan by the Government of India, the Légion d’honneur by the Government of France, and the CBE by the British government. He is the first Indian winner of the Ernst & Young World Entrepreneur of the Year award and the Max Schmidheiny Liberty prize, and has appeared in the rankings of businessmen and innovators published by India Today, Business Standard, Forbes, BusinessWeek, Time, CNN, Fortune, and Financial Times. He is a Fellow of the Indian National Academy of Engineering and a foreign member of the US National Academy of Engineering.

PERSONAL PROFILE

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History and family Background:-

Born on August 20, 1946, N.R. Narayana Murthy is a B.E. Electrical from University of Mysore (1967) and M.Tech from IIT Kanpur (1969). Narayan Murthy began his career with Patni Computer Systems in Pune. In 1981, Narayana Murthy founded Infosys with six other software professionals. In 1987, Infosys opened its first international office in U.S.A.

Nagavara Ramarao Narayana Murthy better known as  N. R. Narayana Murthy, is an Indian businessman, software engineer and the founder of Infosys Technologies , a consulting and IT services company based in India. He is currently the non-executive Chairman and Chief Mentor of Infosys. He was the CEO of the company for 21 years, from 1981 to 2002. After stepping down as CEO in 2002, he has broadened his scope of activities to social services as well as promoting India globally. His estimated net worth is $1.6 billion as of 2010.

In 2009, his lectures delivered around the world have been published as a book “A Better India: A Better World”.

One of the founders of Infosys Technologies Limited; Chosen as the World Entrepreneur of the Year - 2003 by Ernst and Young 

Narayana Murthy is the Non-Executive Chairman and Chief Mentor of Infosys Technologies Limited. He is a living legend and an epitome of the fact that honesty, transparency, and moral integrity are not at variance with business acumen. He set new standards in corporate governance and morality when he stepped down as the Executive Chairman of Infosys at the age of 60. 

With the liberalization of Indian economy in 1990s, Infosys grew rapidly. In 1993, the company came up with its IPO. In 1995, Infosys set up development centers across cities in India and in 1996, it set up its first office in Europe in Milton Keynes, UK. In 1999, Infosys became the first Indian company to be listed on NASDAQ. Today (in 2006), Infosys has a turnover of more than $ 2billion and has employee strength of over 50,000.

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In 2002, Infosys was ranked No. 1 in the "Best Employers in India 2002" survey conducted by Hewitt and in the Business World's survey of "India's Most Respected Company." Conducted in the same year.

Along with the growth of Infosys, Narayana Moorthy too has grown in stature. He has received many honors and awards. In June 2000, Asiaweek magazine featured him in a list of Asia's 50 Most Powerful People. In 2001, Narayana Murthy was named by TIME/CNN as one of the 25 most influential global executives. He was the first recipient of the Indo-French Forum Medal (2003) and was voted the World Entrepreneur of the Year - 2003 by Ernst and Young. The Economist ranked Narayana Murthy eighth on the list of the 15 most admired global leaders (2005) and Narayan Murthy

also topped the Economic Times Corporate Dossier list of India's most powerful CEOs for two consecutive years - 2004 and 2005.

His wife, Sudha Murthy née Kulkarni, is an Indian social worker and accomplished author. She is known for her philanthropic work through the Infosys Foundation. Her sister, Jayashree Despande is wife of enterpreneur and founder of US-based Sycamore Networks, Gururaj Deshpande. They have two children- Rohan and Akshata.

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Rohan is engaged to Venu Srinivasan's (of TVS motors) daughter Lakshmi Venu. Akshata Murthy is married to Rishi Sunak. Sudha Murthy helps him in setting up his VC Fund by giving him Rs.430 crores which she got by selling quarter of her stake 1.6% in Infosys. And Mr. Murthy is the brother-in-law of serial entrepreneur Gururaj "Desh" Deshpande and the uncle of former NASSCOM Chairman and MphasiS chief Jerry Rao.

Education:-

N. R. NARAYANA MURTHY (Date of Birth: August 20, 1946, Education: B. E. Electrical '67, Univ. of Mysore; M. Tech. '69, Indian Institute of Technology, Kanpur, India) is the Chairman of the Board and Chief Mentor of Infosys Technologies Limited, a global Information Technology (IT) consulting and software services provider, headquartered at Bangalore, India. He founded Infosys in 1981 along with six other software professionals & served as the CEO of Infosys for twenty years before handing over the reins of the company to co-founder, Mr. Nandan M. Nilekani, in March 2002. He served as the Executive Chairman of the Board and Chief Mentor from 2002 to 2006. Under his leadership Infosys was listed on NASDAQ in 1999.

Mr. Murthy is the chairman of the governing body of the Indian Institute of Information Technology, Bangalore. He is a member of the Board of Overseers of the University of Pennsylvania's Wharton School, Cornell University Board of Trustees, Singapore Management University Board of Trustees, INSEAD's Board of Directors, Asian Institute of Management's Board of Governors and the Executive Board of Indian School of Business. He is also a member of the Advisory Boards and Councils of various well-known universities - such as the Stanford Graduate School of Business, the Corporate Governance initiative at the Harvard Business School, the Yale University and the University of Tokyo’s President's Council.

Mr. Murthy has led key corporate governance initiatives in India. He was the Chairman of the committee on Corporate Governance appointed by the Securities and Exchange Board of India (SEBI) in 2003. Mr. Murthy serves as an independent director on the board of the DBS Bank, Singapore, the

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largest Government-owned bank in Singapore and on the boards of Unilever, NV and Unilever, plc. He is a member of the Asia Pacific Advisory Board of British Telecommunications plc., and a member of the Board of New Delhi Television Ltd. (NDTV), India. He serves as a member of the Prime Minister's Council on Trade and Industry, and as a member of the Board of Directors of the United Nations Foundation. He is an IT advisor to several Asian countries. He is also a member of the Board of Trustees of TiE Inc. (Global), a worldwide network of entrepreneurs and professionals dedicated to fostering entrepreneurship and Chairman of the Asia Business Council, a consortium of CEO-level leaders with operations in Asia.

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PROFESSIONAL BACKGROUND

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Work Experience:-

His first position was at IIM Ahmadabad as chief systems programmer  where he worked on a time-sharing system and designed and implemented a BASIC   interpreter for ECIL

(Electronics Corporation of

India Limited).

After IIM Ahmadabad, he then joined Patni Computer Systems in Pune. Before moving to Mumbai, Murthy met his wife Sudha Murthy in Pune who at the time was an engineer working at Tata Engineering and Locomotive Co. Ltd. (Telco, now known as Tata Motors) in Pune. In 1981, with an investment of Rs.10, 000 ($250 at the time) from his wife, he founded Infosys with six other software professionals. He served as the president of the National Association of Software and Service Companies, India from 1992 to 1994.

How he became an Entrepreneur:-

Infosys was Narayana Murthy second attempt to become entrepreneur. Before starting Infosys, he tried to establish one another company called Softronics, whose main target was domestic market. But that venture failed and finally Murthy started looking into other options and then Infosys came into picture.

On July 2, 1981, seven engineers working for Patni Computers, decided to start their own company. Thus Infosys Technologies was born. There were six South Indians including Nandan and Murthy and one Punjabi, Ashok

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Arora. Nandan Nilkeni always says that Infosys represents the revolt of South Indian Brahmins against the north Indian banias (Businessmen) who dominated Indian business at the time.

Due to his technical skills and knowledge in the field of computer science, Narayana Murthy is often considered as the best software engineer ever produced by India. He is M.Tech in Computer Science from IIT Kanpur (1969 batch).

Sharad Hegde was Infosys' first non-founder employee. Before joining Infosys he was working in Patni, Hegde was Infosys' tech-guru in its early years. He left the company only in the early 2000s.

Most people in Infosys saw Phaneesh as Murthy's successor in the late 1990s and the early 2000s. Actually he played major role in growing the company from a $10 million one to a $700 million one between 1992 and 2002. Then, the sexual harassment suit (circa 2002, when a former Infosys employee in the US, Reka Maximovitch, alleged that she had been harassed by Phaneesh) happened, and Phaneesh had to leave the company. Now days, he is CEO of iGate. He is an IIMA graduate.

The first minicomputer arrived at Infosys in 1983. It was a Data General 32-bit MV8000. The very next year Infosys switched from mini to main frames with a CAMP application for a Data Basics customer.

Infosys got its first joint venture partners in Kurt Salmon Associates. Gopalakrishnan played the main role in this joint venture. But it got collapsed in 1989 and Infosys came into almost dying stage. Gopalakrishnan then told Murthy that they had nothing after eight years of trying to bring up a company. Those who studied with us had cars and houses. The company was on the verge of collapse. One of the founders of Infosys, Ashok Arora decided to quit. The other founders did not know what to do. But Murthy had the courage of conviction. 'If you all want to leave, you can. But I am going to stick (with it) and make it,' Murthy told them. This was actually

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courage and firm determination of Murthy, which finally saved the company.

Individual Milestones:

He served as the president of the National Association of Software and Service Companies, India from 1992 to 1994.Murthy has been the recipient of numerous awards and honors. In 2008, he was awarded the Padma Vibhushan, a second highest civilian award by India and Légion d'honneur, the highest civilan award awarded by France. In 2000, he was awarded the Padma Shri, a civilian award by the Government of India.

He was voted the World Entrepreneur of the Year - 2003 by Ernst & Young. He was one of the two people named as Asia's Businessmen of the Year for 2003 by Fortune magazine. In 2001, he was named by TIME / CNN as one of the twenty-five, most influential global executives, a group selected for their lasting influence in creating new industries and reshaping markets. He was awarded the Max Schmidheiny Liberty 2001 prize (Switzerland), in recognition of his promotion of individual responsibility and liberty. In 1999,BusinessWeek named him one of the nine entrepreneurs of the year and he was also featured in the Business Week’s 'The Stars of Asia' (for three successive years - 1998, 1999 and 2000). In 1998, the Indian Institute of Technology, Kanpur, one of the premier institutes of higher learning in India, conferred on him the Distinguished Alumnus Award, and in 1996-97, he was awarded the JRD Tata Corporate Leadership Award. He was awarded the Dean's medal by the Wharton School in 2001.

Professional Achievements:-

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In December 2005, Narayana Murthy was voted as the 7th most admired CEO/Chairman in the world in a global study conducted by Burson-Marsteller with the Economist Intelligence Unit. The list included 14 others with distinguished names such as Bill Gates, Steve Jobsand Warren Buffett. In May 2006, Narayana Murthy has, for the fifth year running, emerged the most admired business leader of India in a study conducted by Brand-comm, a leading Brand Consulting, Advertising and PR firm.

The

Economist   ranked him 8th among the top 15 most admired global leaders (2005). He was ranked 28th among the world's most-respected business leaders by the Financial Times (2005). He topped the Economic Times Corporate Dossier list of India's most powerful CEOs for two consecutive years – 2004 and 2005.

TIME magazine’s “Global Tech Influential’s” list (August 2004) named Murthy as one of the ten leaders who are helping shape the future of technology. In November 2006, TIME magazine again voted him as one of the Asian heroes who have brought about revolutionary changes in Asia in the last 60 years. The list featured people who have had a significant impact on Asian history over the past 60 years and it included others such

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as Mahatma Gandhi, Dalai Lama, Mother Teresa, Muhammad Ali Jinnah etc. He was the first recipient of the Indo-French Forum Medal (2003), awarded by the Indo-French Forum in recognition of his role in promoting Indo-French ties. He was recently awarded the Commander of the British Order (CBE) by the British government. He was awarded the IEEE Ernst Weber Engineering Leadership Recognition in 2007, and he received the IEEE Honorary Membership in 2010.[6]. Also in 2010, in what is considered to be the highest professional distinction for an engineer, the American National Academy of Engineers (NAE) elected Murthy as a foreign member.

Murthy also holds over 26 honorary doctorates from universities across the world.

Murthy served as the founder CEO of Infosys for 21 years, and was succeeded by co-founder Nandan Nilekani in March 2002. At Infosys he articulated, designed and implemented the Global Delivery Model which has become the foundation for the huge success in IT services outsourcing from India.

He serves on the boards of various companies and universities across the world. Murthy serves as an independent director on the board of the DBS Bank of Singapore. This is the largest government-owned bank in Singapore. He also serves as a director on the Central Board of the

Reserve Bank of India, as the co-chairman of the place, and as a member of the Board of NDTV, India. He also serves as an independent director on the board of the European FMCG giant Unilever. He is an IT advisor to several Asian countries. He is also an Independent Director on the board of HSBC. He also serves on the boards of the Ford Foundation and UN Foundation. Indo-British Partnership, as a member of the Prime Minister's council on trade and industry, as a member of the Asia Advisory Board of British Telecommunications He is the chairman of the governing body of the International Institute of Information Technology - Bangalore, and was

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the Chairman of the Governing Body of the Indian. In addition, he is a member of the Board of Directors of INSEAD, Board of Overseers of the Wharton School of the University of Pennsylvania, Board of Trustees, Business Advisory Council of Great Lakes Institute of Management - Chennai, Singapore Management University Board of Trustees and the Board of Advisors for the William F. Achtmeyer Center for Global Leadership at the Tuck School of Business. Mr. Murthy also sits on the Board of Governors of the Asian Institute of Management (AIM), a graduate school of business located in the Philippines and is also the Chairman of the Board of Members of School of Management , Asian Institute of Technology (AIT) located in Bangkok, Thailand. He is the chairman of the, Asia Business Council, an organization headquartered in Hong Kong.

He is also a member of the Advisory Boards and Councils of various well-known universities – such as the Stanford Graduate School of Business, the Corporate Governance initiative at the Harvard Business School, Cornell committee on academic affairs and committee on alumni affairs and development, Yale University and the University of Tokyo’s President's Council.

Murthy retired from his executive position at Infosys on 20 August 2006. However, he continues as the Non-Executive Chairman of the board. Murthy started a new venture capital fund called Catamaran Venture Fund with the money he got by selling 800,000 Infosys shares worth 174 Crores. Sudha Murthy does it again by helping him in setting up his VC Fund by giving him Rs.430 crores which she got by selling quarter of her stake 1.6% in Infosys.

Mr. Murthy is a member of the National Information Technology Task Force of India, and also of the Prime Minister's Council on Trade and Industry. He is a Director on the board of the Reserve Bank of India (RBI) TURNING POINTS OF MURTHY

The idea of Infosys was born on a morning in January 1981. That fateful day, N R Narayana Murthy and six software engineers sat in his apartment debating how they could create a company to write software codes.

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Finally, it was Murthy turn. He spoke about our journey from a small Mumbai apartment in 1981 that had been beset with many challenges, but also of how he believed they were at the darkest hour before the dawn. He then took an audacious step. If they were all bent upon selling the company, Murthy said, “I would buy out all my colleagues, though I did not have a cent in my pocket.”

There was a stunned silence in the room. Murthy colleagues wondered aloud about his foolhardiness. But he remained silent. However, after an hour of his arguments, his colleagues changed their minds to Murthy’s way of thinking. He urged them that if they wanted to create a great company, they

should be optimistic and confident. They have more than lived up to their promise of that day.

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Six months later, Infosys was registered as a private limited company on July 2, 1981. Infosys co-founder N S Raghavan's house in Matunga, northcentral Mumbai, was its registered office. It was then known as Infosys Consultants Pvt Ltd. Murthy's six friends who joined hands to launch Infosys were Nandan Nilekani, N S Raghavan, S Gopalakrishnan, S D Shibulal, K Dinesh and Ashok Arora. The company's starting capital was US $250 - Murthy borrowed $250 from his wife Sudha to start the company. The front room of Murthy's home was Infosys' first office, although the registered office was Raghavan's home.

Those days, Murthy wanted to do something with his life, but he had no money. Murthy was married to Sudha on February 10, 1978, while he was working with wife & computers. In 1981, it was Murthy's idea to start Infosys. Murthy had a dream, and no money. So Sudha gave him Rs 10,000, which she had saved without his knowledge. Murthy and his six colleagues started Infosys in 1981. In 1983, Infosys moved to Bangalore when it got its first client, Data Basics Corporation from the United States.

Subsequently, they created a Risk Mitigation Council which ensured that we would never again depend too much on any one client, technology, country, application area or key employee. The crisis was a blessing in disguise. Today, Infosys has a sound de-risking strategy that has stabilised its revenues and profits.

First of all, with INFOSYS revenues of only around $5 million, they were minnows compared to the customer. Secondly, INFOSYS customer contributed fully 25% of our revenues. The loss of this business would potentially devastate their recently-listed company. Third, the customer's negotiation style was very aggressive. The customer team would go from room to room, get the best terms out of each vendor and then pit one vendor against the other. This went on for several rounds. Our various arguments why a fair price one that allowed us to invest in good people, R&D, infrastructure, technology and training was actually in their interest failed to cut any ice with the customer. But at last Narayan Murthy promised a smooth, professional transition to a vendor of customer's choice.

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PROBLEM & CHALLENGES FACED

Software icon N R Narayana Murthy has blamed poor public governance for major ills faced by the country such as illiteracy, malnourishment, lack of sanitation facilities and dismal food and power management. Even 63 years after Independence, 35 crore (350 million) Indians can't read and write. Twenty-five crore (250 million) people do not have access to safe drinking water, while 75 crore (750 million) have no access to sanitation facilities, Murthy said. "The country has the largest mass of malnourished children, and 35 per cent of (total production of) grains are allowed to rot", the chief mentor of Infosys Technologies Ltd said.

He ( Mr.Murthy ) said India has an installed electricity generation capacity of 145 gigawatts but only 84 gigawatts are available, which is "sadly a shame".When they began moving ahead with Infosys, the founders Murthy, Nilekani, Shibulal and the others took a firm decision that their wives would not be involved in the running of the company. So after Murthy, it was Nilekani and his wife Rohini who moved to Bangalore. But they had no house to stay. So the Nilekanis stayed with the Murthys at their Jayanagar home in Bangalore.

Rohini took care of Murthy's son as Sudha helped write software programmes for Infosys. There was no luxury, only struggle, day and night. They had no car, no phone. Murthy later recalled that it was not the luxuries of life, but the passion to create something new and innovative that made them keeps going on and on and on.

The crisis and how Infosys began to grow. The first years of Infosys were not smooth. Most of the founders Murthy, Nilekani, Dinesh, Shibulal and Gopalkrishnan were into writing codes. And they wanted to make an impact in the American market. So Infosys got its first joint venture partners in Kurt Salmon Associates. Gopalakrishnan, who had spent time working in the United States, was the public face of the KSA-Infosys venture in America. But the joint venture collapsed in 1989, leaving Infosys in the lurch. The collapse of the KSA joint venture led Infosys to its first crisis. The company was on the verge of collapse. But Murthy had the courage of conviction.

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Mr. Murthy said 1 line at that time “If you all want to leave, you can. But I am going to stick (with it) and make it,” Murthy told them. The other partners Nilekani, Gopalakrishnan, Shibulal, Dinesh and Raghavan -- decided to stay.

Today, Infosys provides consulting and IT services to clients globally. It uses a low-risk, global delivery model to accelerate schedules with a high degree of time and cost predictability. The company has over 53,000 employees worldwide.

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METHODS FOR SOLVING PROBLEMS & CHALLENGES

First of all, they need good leadership. Great leaders raise the aspirations of their followers; they make people more confident, energetic and enthusiastic. Such leaders make people embrace the adage: a plausible impossibility is better than a convincing possibility. People, who are motivated by great leaders,

dream big, make sacrifices and achieve miracles. It is not sufficient just to have great leaders. INFOSYS has a mechanism to identify, train, empower and mentor successive generations of leaders. Such leadership training and mentoring has to become the responsibility of the current generation of leaders. Second, INFOSYS are creating a grand, noble vision which elevates the energy, enthusiasm and self-esteem of everyone in the company while ensuring that everybody sees a benefit in following the vision. Third, an INFOSYS has to benchmark itself on a global scale in every area including sales, production, human resources, R&D and finance. They try to create an open and confident environment where first-raters recruit first-raters. Fourth, INFOSYS is doing continuously measures and improves the following attributes:

Meritocracy, fairness, justice, openness, speed, imagination and excellence in execution.

Finally, INFOSYS is a best practice & to solve their problem by identifying themselves in an enduring value system, and follows the finest system of corporate governance.

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SOCIETAL OUTLOOK

Society Contribution :-

Infosys has contributed Rs 50 million to the Prime Minister's Fund. In addition, Infosys requested employees to contribute a day's salary on a voluntary basis, their did something similar after 9/11. INFOSYS were the first Indian company and one of the few in the world outside the United States to contribute to the Firemen's Fund.

The Infosys Foundation has donated clothing, medicine and food items to the victims of the tsunami. Some of our people have gone to affected areas and helped people to improve processes for better management of aid distribution.

Mr. Murthy remembers India's environment in the early 1980s as "extremely business-unfriendly". Slow bureaucracy and long-winded procedures meant just getting the basic technology required to run a company. He recalls waiting a year to get a telephone connection and three years for a license to import a computer.He launched Infosys in 1981 with six other colleagues on a mere $250 dollars borrowed from his wife.This tiny sum only kept the company going for a short time, but Mr. Murthy says there was one simple way to remain profitable from the start: "you spent less than what you earned, that's all".Mr. Murthy's tirelessness paid off. Today, Infosys has grown from a company of seven workers to a global corporation employing more than 125,000 people, with revenues of billions of dollars. "We stuck with it, and God has been kind to us," he says.

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SUPPORT FOR SOCIETY:-

Public-private partnerships in developing countries like India are very important because a company cannot prosper on a sustainable basis, unless it

makes a difference to the context in which it operates. By making a difference to the society in which they operate, companies create goodwill in the society, and become friends of the society. This responsibility is even greater in the case of

multinationals, since there is a mistaken belief that multinationals do not care for the context, and are there only to plunder the society where they operate.

When the vast majority of the poor believe that there is a positive impact on them because of a public-private partnership involving multinationals, it is likely to create tremendous goodwill towards these companies.

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MURTHY’S CONTRIBUTION TOWARDS SOCIETY

Murthy Charity in 2005April 20, 2005. By the end of March 2005, NARAYANAa Murthy and Sudha Murthy haven't sold a single share from their Infosys holding of about 80,00,000 shares at the end of December 2004, leading me to conclude that the Murthy couple plans to do the same in 2005 what it did in 2004 - that is give more speeches for publicity while doing almost nothing for the poor.

Murthys' Charity in 2004 from Infosys SharesN.R. NARAYANAa Murthy's Infosys Share Holding:End of December 2004: 19,87,840September 2004: 19,87,840June 2004: 19,87,840 (=4 times 4,96,960 for 4:1 stock split)March 2004: 19,87,840 (=4 times 4,96,960)December 2003: 19,87,840 (=4 times 4,96,960)Sudha Murthy's Infosys Share Holding:December 2004: 58,18,740September 2004: 58,18,740June 2004: 58,18,740 (=4 times 14,54,685)March 2004: 58,18,740 (=4 times 14,54,685)December 2003: 58,18,740 (=4 times 14,54,685)

Murthys' Charity in 2003 from Infosys SharesN.R. NARAYANAa Murthy's Infosys Share Holding:End of December 2003: 4,96,960September 2003: 4,96,960June 2003: 5,27,900March 2003: 5,27,900December 2002: 5,27,900Sudha Murthy's Infosys Share Holding:December 2003: 14,54,685September 2003: 14,58,685June 2003: 15,495,000

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March 2003: 15,495,000December 2002: 15,495,000

NARAYANAA MURTHY:-“THE LIFE LESSONS THIS

EVENTS HAVE TAUGHT ME’’.

1. I will begin with the importance of learning from experience. It is less important, I believe, where you start. It is more important how and what you learn. If the quality of the learning is high, the development gradient is steep, and, given time, you can find yourself in a previously unattainable place. I believe the Infosys story is living proof of this.

Learning from experience, however, can be complicated. It can be much more difficult to learn from success than from failure. If we fail, we think carefully about the precise cause. Success can indiscriminately reinforce all our prior actions.

2. A second theme concerns the power of chance events. As I think across a wide variety of settings in my life, I am struck by the incredible role played by the interplay of chance events with intentional choices. While the turning points themselves are indeed often fortuitous, how we respond to them is anything but so. It is this very quality of how we respond systematically to chance events that is crucial.

3. Of course, the mindset one works with is also quite critical. As recent work by the psychologist, Carol Dweck, has shown, it matters greatly whether one believes in ability as inherent or that it can be developed. Put simply, the former view, a fixed mindset, creates a tendency to avoid challenges, to ignore useful negative feedback and leads such people to plateau early and not achieve their full potential.

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The latter view, a growth mindset, leads to a tendency to embrace challenges, to learn from criticism and such people reach ever higher levels of achievement (Krakovsky, 2007: page 48).

4. The fourth theme is a cornerstone of the Indian spiritual tradition: self-knowledge. Indeed, the highest form of knowledge, it is said, is self-knowledge. I believe this greater awareness and knowledge of oneself is what ultimately helps develop a more grounded belief in oneself, courage, determination, and, above all, humility, all qualities which enable one to wear one's success with dignity and grace.

Based on my life experiences, I can assert that it is this belief in learning from experience, a growth mindset, the power of chance events, and self-reflection that have helped me grow to the present.

Back in the 1960s, the odds of my being in front of you today would have been zero. Yet here I stand before you! With every successive step, the odds kept changing in my favour, and it is these life lessons that made all the difference.

My young friends, I would like to end with some words of advice. Do you believe that your future is pre-ordained, and is already set? Or, do you believe that your future is yet to be written and that it will depend upon the sometimes fortuitous events?

Do you believe that these events can provide turning points to which you will respond with your energy and enthusiasm? Do you believe that you will learn from these events and that you will reflect on your setbacks? Do you believe that you will examine your successes with even greater care?

I hope you believe that the future will be shaped by several turning points with great learning opportunities. In fact, this is the path I have walked to much advantage.

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THE MURTHY ERA ENDS AS INFOSYS 3.0 IS LAUNCHED WITH NEW LEADERSHIP

It is the end of an era, in India’s 30 year–old Infotech saga, as her most iconic company, Infosys, announces the retirement, come August 20, of charismatic co-founder-Chairman N.R. NARAYANA Murthy.

Another co-founder, S.D. Shibulal moves from COO to CEO and Managing Director; a third co-founder and current CEO-MD, S. “Kris” Gopalakrishnan becomes Co-Chairman of the Board and banking maestro, K.V. Kamath, the man credited with the phenomenal growth of ICICI Bank (and the bank’s current non-Executive Chairman as well as a member of the Infosys Board) is brought in as the new Chairman. The new leadership will take over on August 21; a day after Murthy celebrates his 65th birthday and moves from active leadership to the honorific of Emeritus Chairman for life. The announcement was made in the late evening of April 30, in an event covered live by all major business TV channels.

CEO-designate Shibulal,  said Infosys was moving into its third chapter - where the first was about global  delivery models and the second was about  developing verticals, Infosys 3.0 was about inovation and consolidation, he saidA near-tearful Murthy recalled many emotion-charged moments in the 3-decade history of the company which started as an IT  services outfit founded by half a dozen friends and fellow professionals first in Pune, then moving to Bangalore with $ 250 in the kitty – that grew to an Indian giant which made over 6 billion dollars last fiscal and employs 1,30,000 engineers and staff worldwide. The assembled wall to wall media however asked some earthy questions of selection committee chairman and Cornell University professor Jeff Lehman (who was connected by satellite video) – questions

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like how the committee ended up by selecting one of its own members, Kamath as the new Chairman, effectively reducing the committee to just two members -- Lehman and HDFC Standard Life Insurance CEO Deepak M Satwalekar. Kamath reclused himself before final cut was made, Lehman explained. Also somewhat unusually, Kamath explained he would continue to operate as ICICI Bank’s non executive Chairman, promising to devote 30 days a year to Infosys. 

The company also decided to change its name from Infosys Technologies to Infosys Ltd.

April 30 2011

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FUTURE PLANS

About his own plans, he’s not so certain.He’ll continue to mentor people at Infosys, and remains on the boards of several Indian companies. He is also a member of the prime minister’s economic advisory council and an IT adviser to several Asian governments.The bespectacled computer engineer said he’s charmed by the idea of teaching at a university.“There are opportunities in India and outside to go and teach at a business school,” he said. It would make him “feel young,” he added.Indeed. He’s currently a trustee on the board of Cornell University and has ties to Harvard Business School, Yale University and the Indian Institute of Management.

He dismissed speculation about a run for public office, insisting he’s “not cut out for politics.”What seems certain, however, is that Murthy will continue to buck the trend in India and live modestly, despite his great wealth, estimated at $1.2 billion.Indians worth a fraction of that have servants to clean up after them, but Murthy is reputed to start each day by cleaning the toilet at his house in a middle-class neighborhood of Bangalore, India’s technology hub.A leftist during his student days at the respected Indian Institute of Technology, Murthy believes in distributing the wealth, and stock options at Infosys have created many millionaires.Murthy meanwhile, reportedly earned $93,000 in cash compensation last year. In contrast, his counterpart at rival Wipro Technologies Ltd., Azim Premji, got about $569,000 in cash.As for charity, Murthy won’t discuss his good works. “You don’t do charity for publicity,” he said.Infosys’ bylaws, meanwhile, will prevent the founders’ family members from taking over the company.

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Murthy’s son Rohan, a Cornell student, “has to run his own marathon,” he said. “He should create another Infosys.”

BILL GATES- NARAYANA MURTHY & THEIR THINKING

While Bill and Melinda Gates Foundation gave away more than $47 million in cash and $363 million in software to various non-profit organisations

throughout the world, the Infosys Foundation carries out projects in the areas of healthcare, education and rural upliftment.

Their dream

Gates said his original dream was not 'sales,' but a dream computer. Even today he dreams of one such PC that would change the lives of one and all. He also dreams to see a PC on top of every desk, but rues "we are nowhere near the finish line."

His biggest dream, however, no matter how impossible it may sound is to merge the United States with India and China to create a great country.

Murthy's dream was to set up a company that is respected globally, but as he humbly stated: "We are miles away from it."

Their nightmare

While Murthy has sleepless nights worrying about scalability, Gates' biggest fear is that he may miss out a technological change and his rivals may make hay over it.'

How they started

For Gates, life changed when he was a13-year-old boy -- he got an opportunity to use a PC and was asked by his tutor to take classes. Since then he was convinced that his future lay in information technology. The

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second defining moment came when he decided to drop out of school to work on a project that was a huge success. Gates said he never hesitated to take risk.

For Murthy it was quite another story. While he was in Bulgaria, Murthy was arrested for having talked to a girl in French! He was subsequently released when the Bulgarian authorities found out that he was from India. It was then that he decided to build an organisation that would be globally respected.

Gates on Iraq

Gates thought 'Iraq was a very good decision'. However, he warned that it does not mean that one 'backs off from a commitment in another country' and added that 'in a good democracy, you get smarter as you go on.'

Murthy on US

Murthy said the US is smarter at doing business and running universities than any other nation. He said when it came to the open economy no one could compete with the US.

Gates, who is on his fourth visit to India, pledged $1.7 billion over the next four years to expand its operations in the country. He also said that Microsoft would hire up to 3,000 people in the next three years.

Gates also plans to set up 100 rural IT pilot projects in six Indian states; make rural information kiosks accessible to 70 crore (700 million) Indians; convert Microsoft products into Indian languages, and have 700 retail outlets in next the next four years.

Sense of humour

Their sense of humour too was visible at a chat show for a television channel in Delhi. When the mike was handed over to NARAYANAa Murthy, he just said, "One, two, three. . ." into it and quickly thrust it at the Microsoft czar, who promptly said, "One billion, two billion, three billion. . ." drawing much laughter.

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INTERACTION- NARAYANA & BILLGATES  SYNOPSIS OF DISCUSSIONS BETWEEN BILL GATES CHAIRMAN, MICROSOFT CORPORATION & NARAYANAA MURTHYCHIEF MENTOR, INFOSYS INTERVIEWED BY PRANNOY ROY, NDTV, DECEMBER 7, 2005 TAJ PALACE, NEW DELHI  PRANNOY ROY:To me and many of us at TiE, it is a special moment. We have with us together two icons of our times - Mr. Bill Gates and Mr. NARAYANA Murthy. Both iconic entrepreneurs, but in fact both much more than that. As you look into their lives there are so many similarities. Like both started life as hardcore software guys. Mr. Bill Gates wrote the basic compiler and Mr. Murthy, in the early 70s, also wrote the first basic compiler. Both today have given up being CEOs and taken a step back to help with the bigger kind of picture with bigger vision. Both of them have superb right hand people i.e.: Steve Ballmer and Nandan Nilekani. Both have huge businesses but even larger social goals with larger hearts. Both have wives, Melinda and Sudha, who in fact are even more committed to changing society, to philanthropy and charity. As icons they have to resist tremendous pressures, sometimes to enter politics. Both remarkable men, those come once in a lifetime, once in a generation. Both used to travel economy class, some say they were stingy, for some it is about principles. If it is stingy, certainly it is not visible in their charity. Ironically both are voracious readers, books are their passion. 

One major similarity - both really believe in spreading wealth among their employees through ESOPs but now both have stopped that and the list of their similarities is endless. 

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PRANNOY ROY: What are the defining moments in your life? 

BILL GATES: Certainly the opportunity to use a computer at young age, I was only 13 at that time and I was 16 when I first understood the magic of chips with double power every two years. The school teacher asked me to teach computer to the class. That was when I got fascinated and completely immersed. My decision to leave school and start a company, that’s a nice milestone since it worked. In my case I thought the time was very important to get in and be the very first. So this chip computer comes out and I decided to go to Paul Allen and provide the software for the very first personal computer, which again was incredibly limited. The willingness to take the risk before anybody else was doing it, I think that was a big help to us. My parents thought that I was going on leave and will come back as the company will not succeed; even Harvard was nice enough to say that I could come back and even today they are willing to take me back. NARAYANAA MURTHY: There have been at least three defining moments in my life. First when I was incarcerated in Bulgaria, a communist country and without food and water for 96 hours. Later I decided that I don’t want to be a part of this system and I will go back to India to pursue entrepreneurship and create wealth legally and ethically. Second was in 1990, we had started the company in 1981. It didn’t progress because there was so much of friction in business inIndia. There was an offer from somebody to acquire us for $1mn, from this offer six of my group members got excited but towards the end I decided that I am not going to sell it off. Third was frankly getting listed on NASDAQ. In fact it was a small step for NASDAQ but a giant leap for Infosys and Indian software industry. I would say that these were the three defining moments in my life.

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 PRANNOY ROY: How do you keep yourself motivated to work on and on and on? BILL GATES: I love my work, I get to work with smart people and it’s a field that’s constantly changing. Every couple of year’s people says that a new company will throw you out of the business and we get to show people “not this time”. My vision was not about sales or profits but it was about this computer, what it could do and we don’t have that computer yet. We cannot talk to the machine and it cannot talk to us and we are still looking for that computer. I have a dream of having a computer in every home, in every desk. We are not even half way in achieving that goal; here in India we are scratching the surface. So there is still lot of work to be done as there is no finish line anywhere near. NARAYANAA MURTHY:   Most passionate people in the world are held by larger goals. At Infosys, we have a vision to become a globally respected organization, not only in India but also in US, Japan, Germany, Australia UK and that’s still a long marathon. Maybe 10,000 or 12,000 Infosysians have already made some money but there are 30,000 other Infosysians who still have to make that kind of money and it is our responsibility to give our best, our commitment to make sure that they and future Infosysians can make money. 

  PRANNOY ROY: Both of you started ESOPs and both of you have given it up. Why? BILL GATES: Microsoft shared more wealth than any other company has in the history of capitalism. If you get to a point where industry is so hot, it almost hyped then you start to get deviations that not only go up but they also fluctuate, so to pass the risk of those market conditions on to the

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employees may not be right. But we are actually into shares now where you get your salary and shares of stock and so we cut the variance down and so the predictability is much greater and still plenty of personal wealth. We are still sharing the wealth but in a different way and it wasn’t to do anything with the new accounting principles. NARAYANAA MURTHY:   I always believed that leadership does not succeed in a vacuum; you need people who are smarter than you, who have same or higher level of passion and energy. If you want to bring those people on board then you need some equitable paradigm and that is why Infosys adopted the ESOPs model. We suspended it because we have to expense it out according to US regulations and then we realized that it is not the best model for us anymore. And then as it was pointed out, we made an analysis and found that by creating a paper or variable performance model, we will be able to provide a decent compensation for all. 

  PRANNOY ROY: India has got a new energy with Democracy as its foundation.People have started questioning. Is democracy important in taking business decisions? BILL GATES: Democracy means right way of looking at resources. It is the real commitment to the future. It is a must and we, US, stand for it. NARAYANAA MURTHY:   We value knowledge as the most intangible asset. However, the important question now is that: is it really paying? There has to be a greater premium on time. We waste lot much of it in discussions. One of my friends from Harvard aptly quoted, two of my greatest challenges are – How to get my Japanese students to speak up and Indian students to shut up”. We have to come to conclusion out of discussions and get to execution. 

 

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 PRANNOY ROY: Is it love-hate relationship? Even we say “Yankee go home, but take me with you NARAYANAA MURTHY:   I am unabashed admirer of US for their openness. I don’t know of any other society as open as the US. It is for us to work harder to convince the US people, decision makers, law makers, that there is good value for them. If there is an outcry, dissatisfaction, I see it as our failure. ‘The day you say market is wrong, you are finished’, this should be learnt by US. 

  PRANNOY ROY: Now we will take some of the questions from the audience. A1. My question is for Mr. NARAYANAa Murthy. What challenges are faced by large and small companies in attracting, keeping and retaining best talent? NARAYANAA MURTHY: It is all about creating the dream and vision and articulating that everybody is able to take the rainbow and put in pocket. It is all about making sure that people will get their value, people will automatically come to you. 

  A2. My question is for Mr. Bill Gates. After the internet, what technology will take the world now? BILL GATES: We need to get a device which will get us value at the low cost. Like speech recognition, mapping devices etc. I see natural interface technology as the important area that shall dominate the sphere. 

 

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 A3. My question is for Mr. Bill Gates. What human qualities are important for success? BILL GATES: You need passion, intelligence and some kind of integrity to understand what your limits are. Very strong combination of all the three shall help to achieve success. 

  A4. My question is for Mr. NARAYANA Murthy. Very large companies are created in US. What do we need to do to have the same in India? NARAYANAA MURTHY: We need a more competitive market. Corporations have to realize the importance of innovation, good venture capital system, environment that enhances the quality of education system that focuses on problem solving and good set of mentoring who will take care of entrepreneurs’ linkages with the requisite networks. BILL GATES: We always talk big companies like Yahoo, Microsoft, Google, etc. We don’t think of numerous companies that fail. It is all market economy that survives.  

  PRANNOY ROY: The last question - Will you ever enter into politics? BILL GATES: NO NARAYANAA MURTHY: NO 

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CONCLUSION

Narayana Murthy’ said “My father ... was a greatfan of Western classical music. On Sundays, he used to play music foran hour. One day I asked him: why should I listen to this alien music?He said: What appeals to me is that in a symphony there are over 100

people, each of whom is a maestro, but they come together as a team toplay according to a script under this conductor and produce somethingdivine. They prove that one plus one can be more than two. It’s a great

example of teamwork.”

BY NARAYANAA MURTHY ,A final word: When, one day, you have made your mark on the world, remember that, in the ultimate analysis, we are all mere temporary custodians of the wealth we generate, whether it be financial, intellectual, or emotional. The best use of all your wealth is to share it with those less fortunate.

I believe that we have all at some time eaten the fruit from trees that we did not plant. In the fullness of time, when it is our turn to give, it behooves us in turn to plant gardens that we may never eat the fruit of, which will largely benefit generations to come. I believe this is our sacred responsibility, one that I hope you will shoulder in time.

Thank you for your patience. Go forth and embrace your future with open arms, and pursue enthusiastically your own life journey of discovery!

So we can say about NARAYANA murthy, that the life well lived looking at the following scenarios in the project. The person has not only made money for himself but he and his wife has done a lot of charity’s also which is the top most priority a business man should take in to consideration.

After analyzing Narayana Murthy’s personality, values and attitude I came to know that a person can became successful only if he has good personality, value and attitude. Narayana Murthy is a person who took risk, did hard work, being patient for results, and cooperative; these qualities of his personality made him successful.

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BIBLEOGRAPHY

WEBSITES:-

WWW.GOOGLE.COM

WWW.INFOSYS.COM

WWW.WIKIPEDIA.COM

WWW.NARAYANAAMURTHY.COM

BOOKS:-

AUTOBIOGRAPHY ON NARAYANAA MURTHY by SUDHA MURTHY

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