Business
Narayana Murthy’s regret: Infosys founder says did not reward employees better – Times of India
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Infosys founder NR Narayana Murthy has expressed regret over not being able to reward many of Infosys’ early employees as much as the cofounders. Narayana Murthy states that there were several extremely smart early adopters of Infosys who he could not award the kind of stock he gave to the other co-founders.
“Their contribution was more or as much as mine. I only wish I had thought about it very carefully and those extraordinary people also benefited,” he was quoted as saying by ET.
He further emphasized that during his time at Infosys, everyone’s views were considered before making any decisions.
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However, he acknowledged that democracy has its limitations. “Infosys would have done much better than what it did because we had created an enlightened democracy,” he said when asked about regrets in life.
Murthy made these remarks at an event celebrating his and his wife Sudha Murty‘s anniversary, as well as book launch.
Sudha Murty, the founder-chairperson of Infosys Foundation, shared her experience as the first woman engineer at Tata Motors (formerly Telco) and expressed her joy at seeing the increasing number of women working there. Narayana Murthy also expressed his regret for not allowing Sudha Murty to formally join Infosys, a sentiment he had publicly expressed earlier.
Sudha Murty, who recently received the Padma Bhushan award, revealed that she initially felt disappointed about not joining Infosys but later found purpose in starting Infosys Foundation to engage in social work, following the advice of her daughter Akshata Murty.
Narayana Murthy reminisced about the challenges they faced while establishing Infosys, with Sudha Murty managing the household responsibilities while he handled the company’s operations – from obtaining loans and office space to acquiring telephone and computer licenses, they encountered the cumbersome procedures entangled in bureaucratic red tape. “There was a joke in India in those days that technology changes every three months and bureaucratic system takes three years,” he reportedly said.
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He praised the Karnataka State Industrial & Infrastructure Development Corporation and the Karnataka State Finance Corporation for their swift loan facilitation back then.
Additionally, Murthy commended former Prime Minister PV Narasimha Rao, former RBI Governor Manmohan Singh, former Finance Minister P Chidambaram, and former Deputy Chairman of India’s Planning Commission Montek Singh Ahluwalia for their contributions to liberalization and the growth of the technology sector.
Prime Minister Narendra Modi recently announced that Narasimha Rao will be posthumously awarded the Bharat Ratna, India’s highest civilian honor.
“Their contribution was more or as much as mine. I only wish I had thought about it very carefully and those extraordinary people also benefited,” he was quoted as saying by ET.
He further emphasized that during his time at Infosys, everyone’s views were considered before making any decisions.
Also Read | TCS gives final warning to staff: Resume work from office or face consequences
However, he acknowledged that democracy has its limitations. “Infosys would have done much better than what it did because we had created an enlightened democracy,” he said when asked about regrets in life.
Murthy made these remarks at an event celebrating his and his wife Sudha Murty‘s anniversary, as well as book launch.
Sudha Murty, the founder-chairperson of Infosys Foundation, shared her experience as the first woman engineer at Tata Motors (formerly Telco) and expressed her joy at seeing the increasing number of women working there. Narayana Murthy also expressed his regret for not allowing Sudha Murty to formally join Infosys, a sentiment he had publicly expressed earlier.
Sudha Murty, who recently received the Padma Bhushan award, revealed that she initially felt disappointed about not joining Infosys but later found purpose in starting Infosys Foundation to engage in social work, following the advice of her daughter Akshata Murty.
Narayana Murthy reminisced about the challenges they faced while establishing Infosys, with Sudha Murty managing the household responsibilities while he handled the company’s operations – from obtaining loans and office space to acquiring telephone and computer licenses, they encountered the cumbersome procedures entangled in bureaucratic red tape. “There was a joke in India in those days that technology changes every three months and bureaucratic system takes three years,” he reportedly said.
Also Read | Relief on the cards for Paytm customers? PhonePe, Google Pay type model being considered by Paytm to keep UPI running
He praised the Karnataka State Industrial & Infrastructure Development Corporation and the Karnataka State Finance Corporation for their swift loan facilitation back then.
Additionally, Murthy commended former Prime Minister PV Narasimha Rao, former RBI Governor Manmohan Singh, former Finance Minister P Chidambaram, and former Deputy Chairman of India’s Planning Commission Montek Singh Ahluwalia for their contributions to liberalization and the growth of the technology sector.
Prime Minister Narendra Modi recently announced that Narasimha Rao will be posthumously awarded the Bharat Ratna, India’s highest civilian honor.
