| Net Worth: | $4.6 Billion |
|---|---|
| Date of Birth: | August 20, 1946 (77 years old) |
| Gender: | Male |
| Profession: | Businessperson |
| Nationality: | India |
What is N. R. Narayana Murthy’s Net Worth?
N.R. Narayana Murthy is an Indian businessman who has a net worth of $4.6 billion. Narayana Murthy made his fortune as a co-founder of Infosys, a global provider of business consulting, technology, engineering, and outsourcing services. The second-largest IT company in India is Infosys.
The publicly traded corporation (NYSE: INFY) brings in $16 billion in revenue annually and makes $4 billion in profits. The company’s market capitalization is $80 billion as of this writing, but it was recently valued at more than $100 billion.
Akshata Murty is a fashion designer and the daughter of Narayana. British politician Rishi Sunak is Akshata’s spouse. Rishi was appointed prime minister of the United Kingdom in October 2022.
Rishi is the wealthiest Prime Minister in British history thanks to Akshata’s approximately 39 million shares of Infosys. Their combined net worth was $800 million at the time he was appointed PM. Rishi was now almost $200 million richer than King Charles.
Childhood
Nagavara Ramarao Narayan Murthy was born in Shidlaghatta, Karnataka on August 20, 1946. He comes from a Kannada family of moderate means. From an early age, he showed exceptional academic ability, and after high school, he was admitted to the National Institute of Engineering.
His electrical engineering degree from 1967 was awarded to him. Following that, he earned his master’s degree from the Indian Institute of Technology in Kanpur.
Career Beginnings
Murthy began his career by working as a research associate at the Indian Institute of Management Ahmedabad. The first time-sharing computer system in India was something he worked on there after being appointed as a chief systems programmer.
He also created and developed a BASIC interpreter for the Electronics Corporation of India Limited. Murthy made the decision to launch his own business, which he dubbed Softronics, at that point.
His decision to join Patni Computer Systems in Pune, India was made when the company failed after a year and a half.
Career In Infosys
Murthy co-founded Infosys in 1981 with the help of another six software developers. Murthy’s wife, Sudha Murthy, gave the business its initial capital investment. From 1981 until 2002, Murthy presided as the company’s CEO.
He held the role for 21 years. Afterward, co-founder Nandan Nilekani took over as his replacement. A global delivery mechanism for outsourcing IT services from India was one of the things he was in charge of developing and implementing during his time in the leadership position, which was crucial to the company’s initial, explosive growth.
He presided over the company’s board of directors from 2002 to 2006 before transitioning to his current position as its top mentor. Although he still held the position of chairman emeritus, he left the firm in August 2011.
Other Ventures
Murthy has worked on a variety of different businesses in addition to his position with Infosys. On the corporate board of HSBC, he serves as an independent director. He has also held a directorship on the boards of DBS Bank and many businesses, including NDTV, ICICI, and Unilever.
Due to his financial savvy, he has also been requested to hold council posts and serve on advisory boards for a number of philanthropic and educational institutions. INSEAD, ESSEC, the UN Foundation, Cornell University, and the Ford Foundation are a few of these.
His previous employers include the Asian Institute of Management and the Indo-British Partnership. In addition to the Princeton Institute for Advanced Study, he also serves as a trustee for the Infosys Prize and the Rhodes Trust.
In addition to serving as Chairman of the Governing board of the Public Health Foundation of India, he co-chaired the 2005 World Economic Forum in Davos, Switzerland. Given his legal experience, Murthy also serves on the strategic board that provides advice to Cyril Amarchand Mangaldas, India’s leading national law firm.
He offers advice on matters of strategy, policy, and different aspects of government. Murthy has written a number of novels as well. 2009 saw the release of his book “A Better India: A Better World.” The publication of “The Wit and Wisdom of Narayana Murthy” took place in 2016. A Clear Blue Sky: Stories and Poems on Conflict and Hope were published the next year.
Accolades
Murthy has received numerous distinctions and awards during the course of his extensive and fruitful career. He received the Ernst & Young World Entrepreneur of the Year Award in 2003.
In 2007 the government of the United Kingdom appointed him an Honorary Commander of the Order of the British Empire, and in 2008 the government of France appointed him an Officer of the Legion of Honor.
He received the 2013 Philanthropist of the Year award from the Asian Awards. In 2014, the Canada India Foundation also presented him with the CIF Global Indian Award.
Personal Life
Murthy is wed to Sudha Murthy, a successful businesswoman, author, and educator. Additionally, she oversees the Infosys Foundation as its chair. The Foundation was established in 1996 by Infosys with the goal of aiding society’s poorest groups.
Its key objectives include ensuring that everyone has access to fundamental healthcare, assisting in the improvement of educational prospects in rural India, and providing financial support to marginalized authors and artists.
Together, the couple has given birth to a son named Rohan and a daughter named Akshata. His son joined Infosys in 2013 to serve as his father’s executive assistant; but, a year later, he made the decision to depart. His daughter wed Rishi Sunak, a British politician and Conservative Party chairman.
In a border village on the Yugoslav-Bulgarian border in 1974, Murthy was detained and exiled during the communist era. He claims that the encounter had a profound effect on him and transformed him into a caring capitalist. Additionally, it assisted him in formulating the guiding principles that became the basis of Infosys.
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