Narayana Ramarao Narayana Murthy CBE LH is an Indian business magnate. He founded Infosys and served as its chairman, chief executive officer (CEO), president, and chief mentor before retiring and assuming the title chairman emeritus.
|Net Worth:||$4.6 Billion|
|Date of Birth:||Aug 20, 1946 (76 years old)|
On 20 August 1946, N. R. Narayana Murthy was born into a middle-class Kannada family in Sidlaghatta, Mysore, a city in India’s Southwestern state Karnataka (present-day Chikkaballapura district, Karnataka, India). He attended the National Institute of Engineering after finishing high school and graduated in 1967 with a degree in electrical engineering. He earned his master’s degree from the Indian Institute of Technology Kanpur in 1969.
N.R. Narayana Murthy Net Worth
N.R. Narayana Murthy is a billionaire Indian businessman with a net worth of $4.6 billion. Narayana Murthy rose to prominence as an information technology industrialist, most notably as the co-founder of Infosys, a multinational provider of business consulting, technology, engineering, and outsourcing services. Nagavara Ramarao Narayana Murthy was born on August 20, 1946, in Mysore, Karnataka, India. He studied electrical engineering at the National Institute of Engineering, University of Mysore, and then at the Indian Institute of Technology Kanpur for his M. Tech.
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Before founding Infosys, Murthy worked as a chief systems programmer at the Indian Institute of Management Ahmedabad and Patni Computer Systems in Pune (Maharashtra). He founded Infosys in 1981 and served as its CEO until 2002, when he was appointed chairman. He held that position until 2011, then took a two-year break before returning as Infosys’ executive chairman last June. His return is motivated by his desire to restore the $7.3 billion (revenues) company to its former glory. He is known as the “Father of Indian IT” and now leads the company with his son Rohan, who has a Ph.D. in computer science from Harvard.
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Infosys co-founder Narayana Murthy was the CEO of Infosys for 21 years from 1981 to 2002. He articulated, designed and implemented a global delivery model for IT services outsourcing from India. In August 2011, he retired from the company, taking the title chairman emeritus. Murthy studied computer engineering at IIM Ahmedabad and worked on India’s first time-sharing computer system.
Infosys co-founder and former CEO Narayana Murthy is an independent director on the corporate board of HSBC. He is also a member of the boards of DBS Bank, Unilever, ICICI and NDTV. In 2016, Murthy spoke with Harvard Business Review Ascend on the subject of “How to Be a Better Manager”.
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Sudha Murthy, his wife, is a businesswoman, educator, author, and chairperson of the Infosys Foundation.
Murthy has two children: Rohan Murty, a son, and Akshata Murty, a daughter. Rohan joined Infosys in June 2013 as his father’s executive assistant. In June 2014, he left Infosys. Akshata married Rishi Sunak in 2009, who went on to become the MP for Richmond, Yorkshire, and then the Conservative Party Leader and Prime Minister of the United Kingdom.
Frequently Asked Questions
Is Narayana Murthy a billionaire?
His net worth was estimated to be $4.5 billion as of October 2022, making him the 654th richest person in the world in 2022. Rishi Sunak, the British Prime Minister, is Murthy’s father-in-law. Murthy was born and raised in the Karnataka town of Shidlaghatta.
Who is the owner of the Infosys?
In 1981, Mr. Murthy founded Infosys. Infosys is now a highly innovative global software services company listed on the NYSE in the United States and the Bombay Stock Exchange in Mumbai.
How much stake does Narayan Murthy have in Infosys?
According to the BSEIndia website, the promoter and the promoter group collectively own nearly 29,28,06,199 shares in Infosys, with Narayana Murthy and his family owning 7,90,02,104 shares. N Narayana Murthy has 87,18,688 shares in the company, while Akshata Murthy has 2,04,25,648.