A Mega-Thread on Narayana Murthy |
The story of a boy from a very poor family to a billioanire legendary co-founder and (retired) chairman of Indian tech giant Infosys. @Infosys_nmurthy
Would appreciate a retweet as it helps educate more investors & inspires us to work harder🧵
The story of a boy from a very poor family to a billioanire legendary co-founder and (retired) chairman of Indian tech giant Infosys. @Infosys_nmurthy
Would appreciate a retweet as it helps educate more investors & inspires us to work harder🧵
1) Born on August 20, 1946, in a poor but educated Indian family, Narayan Murthy worked hard to reach his prime.
2) Nagavara Ramarao Narayana Murthy, more popularly known as Narayana Murthy, went to IIT and built Infosys and today his net worth stands at $3.6 billion.
2) Nagavara Ramarao Narayana Murthy, more popularly known as Narayana Murthy, went to IIT and built Infosys and today his net worth stands at $3.6 billion.
3) He cleared JEE with high rank but couldn't take admission due to the financial conditions of his family.
4) He was a socialist and during his short imprisonment in Bulgaria during the mid-70s, he realized entrepreneurship & job development are the only way to defeat poverty.
4) He was a socialist and during his short imprisonment in Bulgaria during the mid-70s, he realized entrepreneurship & job development are the only way to defeat poverty.
5) His first job was at Patni computers, where he worked for 5 years on a salary of Rs 1,000/ month where he learned the tricks of the software business.
6) In 1976, He established his first company Softronics. The venture didn't take off but the failure didn't discourage him.
6) In 1976, He established his first company Softronics. The venture didn't take off but the failure didn't discourage him.
7) There was a growing demand for customized software in the late 1970s and early 80s in India.
8) From the moment India got independence, there were deliberate government policies to encourage the development of technology.
8) From the moment India got independence, there were deliberate government policies to encourage the development of technology.
9) Recognizing the growing demand for technology and engineers, Narayan Murthy seized the opportunity to provide suppliers based in India.
10) In 1981, with his six other colleagues, he founded Infosys.
11) He had borrowed a sum of $250 from his wife to launch Infosys.
10) In 1981, with his six other colleagues, he founded Infosys.
11) He had borrowed a sum of $250 from his wife to launch Infosys.
12) The customer is the King! Narayan Murthy believed customers decide the fate of a start-up.
13) Initially, Infosys worked with only one client from New york. Narayan understood this is a good way for his business to establish its reputation
13) Initially, Infosys worked with only one client from New york. Narayan understood this is a good way for his business to establish its reputation
14) Till 2008, Infosys was a pioneer, under the guidance of its founders Narayan Murthy and Nandan Nilekani.
15) In 2009, the global financial crisis led many US companies in India as a great market to outsource and offshore to cut costs, the IT market in India started to bloom.
15) In 2009, the global financial crisis led many US companies in India as a great market to outsource and offshore to cut costs, the IT market in India started to bloom.
16)During that time, Infosys chose to focus on value-adding transformational services where margins were higher like consulting, missed the global wave.
17) Narayan Murthy successfully ran the company as the CEO and the Chairman from 2002 to 2011.
17) Narayan Murthy successfully ran the company as the CEO and the Chairman from 2002 to 2011.
18) In 2011 when S D Shibulal got appointed as the new CEO of Infosys, he introduced the Infosys 3.0 Strategy. This one mistake made by Narayan Murthy is what he has been trying to fix.
19) S D Shibulal, the CEO of Infosys, rigidly held to its strategy of emphasizing products, platforms, and transformational business service; the company lost several clients. As the business conditions were uncertain, clients were unwilling to take on risky long-term projects.
20) In 2012, Infosys showed yet another quarter of weak results. This time it was a calling to the retired founders to make a return.
21) In 2013, Narayan Murthy made his return to Infosys, and the board effectively responded to market demand.
21) In 2013, Narayan Murthy made his return to Infosys, and the board effectively responded to market demand.
22)Narayan Murthy has been ranked as one of the top 12 entrepreneurs of all time by Fortune Magazine.
23)Narayan Murthy has earned the Padma Shri award in 2000 and the Padma Vibhushan award in 2008.
23)Narayan Murthy has earned the Padma Shri award in 2000 and the Padma Vibhushan award in 2008.
24) He was entitled as the "Father of the Indian IT Sector" by Time magazine and CNBC for his participation in outsourcing in India.
25)He believes the impact of entrepreneurship extends beyond its employees. It builds new opportunities, hopes, and confidence.
25)He believes the impact of entrepreneurship extends beyond its employees. It builds new opportunities, hopes, and confidence.
The success of a company is not measured by the figures it generates but the happiness it creates.
- Narayan Murthy @Infosys_nmurthy @Infosys
PS: Would appreciate a retweet or like as that inspires us to puts effort into researching more such threads.
- Narayan Murthy @Infosys_nmurthy @Infosys
PS: Would appreciate a retweet or like as that inspires us to puts effort into researching more such threads.
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