NR Narayana Murthy's last day as Infosys Chairman

BANGALORE: Having successfully steered Infosys to a place among 

the top IT companies of the world in the short span of 20 years, N R 

Narayana Murthy will step down as Chairman of the company on 

Friday 19th aug 2011 , albeit with firm indications that he will 

continue to guide the 

organisation.

Murthy will hand over his role to K V Kamath, who has been an 

independent director on the Infosys board since May, 2009.

S D Sibulal will take over as the new CEO and MD and 

S Gopalakrishnan 

will be Executive Co-Chairman of Infosys. Kris Gopalakrishnan, the 

current CEO of Infosys, who is also a co-founder, has been elevated as 

the Executive Co-Chairman.

Murthy's exit as the chairman will mark the end of a formal 

association with the company, but he will continue to guide 

the organisation in the capacity of Chairman Emeritus.

"I would be called Chairman Emeritus. I will have a room 

which I can use if I want... but as propriety demands, I will 

have no say in any matter, I will not be allowed to attend any 

board meetings or any meetings. I can meet anybody 

personally," Murthy had said earlier.

Infosys will host a farewell for Murthy at its campus in 


Bangalore in the evening, which will be attended by all seven 


co-founders and prominent former employees, including T V 


Mohandas Pai and Phaneesh Murthy and Murthy's family.

Murthy co-founded Infosys in 1981 in Pune with six other 

engineers and created thousands of millionaires courtesy its 

stock option schemes.

Infosys started its operations in a 10x10 room with a capital 

investment of just Rs 10,000, which was borrowed from 

Murthy's wife, Sudha Murthy. Now, its revenues have grown 

to Rs 27,000 crore.

Murthy served as the founder CEO of Infosys for 21 years 

and was succeeded by co-founder Nandan Nilekani in March, 

2002.

Born on August 20, 1946, in Karnataka, Murthy obtained his 

engineering degree (BE) from the University of Mysore in 

1967. He then attended the Indian Institute of Technology 

(IIT, Kanpur) for his master's degree (M Tech) in 1969.

Murthy's vision and business sense made the company go 

from strength to strength. In 1993, Infosys got listed in the 

Indian markets and later became the first Indian company to 

be listed on the New York-based NASDAQ in 1999.

In a testimony to Murthy's impact on the economy, Time 

magazine had named him among the Indians who are leading 

the country into its "next six decades"