N.R. Narayana Murthy
Overview
- Source of Wealth
- Software services
- Industry
- Technology
- Residence
- Bangalore
- Education
- Indian Institute of Technology (Master of Science)
- Marital Status
- Married
- Children
- 2
Assets
- Infosys Technologies Ltd.150,960,000 shares @ --500209-IN
Biography
N.R. Narayana Murthy is the legendary cofounder and retired chairman of Indian tech giant Infosys, in which he continues to hold a minority stake.
Murthy stepped down as chairman in 2011 after 30 years with the company but returned in 2013 to hand over management to a professional CEO in 2014.
In 2017, Murthy was in the news for raising concerns over alleged corporate governance lapses at Infosys, which the company denied.
The controversy led to the CEO's resignation and a board shakeup, which saw the return of retired cofounder Nandan Nilekani as nonexecutive chairman.
Murthy triggered a nationwide debate in 2023 when he suggested in a podcast that for India's productivity to improve, young Indians should work 70 hours a week.
About
Murthy's son-in-law Rishi Sunak, a member of the Conservative party in the U.K and a former Chancellor, was Prime Minister until 2024.
His Harvard-educated son Rohan donated $5.2 million to Harvard University Press to set up the Murty Classical Library, a collection of ancient Indian texts.
His son Rohan has cofounded his own enterprise software firm called Soroco.
In March 2024, Murthy gifted Infosys shares worth nearly $30 million to his four-month-old grandson.