Inspirational Story: Today, Infosys is regarded as a titan of the global IT industry. But it all began with Narayana Murthy‘s home office, which he funded with Rs. 10,000 in wife-loaned funds.If you are familiar with the Indian IT sector, you have undoubtedly heard of Narayana Murthy. But do you know how he founded his business and rose to fame? We examine Narayana Murthy’s success story in this post. Find out by reading on.
The Journey of Narayana Murthy
Nagavara Ramarao Narayana Murthy, also referred to as Narayana Murthy or NRN Murthy, was born in Mysore, Karnataka, on August 20, 1946. Despite being raised in a middle-class home and having to overcome various difficulties, he shown exceptional academic ability when he was young. After earning his electrical engineering bachelor’s degree from the University of Mysore, Narayana Murthy continued on to the famed Indian Institute of Technology, Kanpur, for his master’s degree. Narayana Murthy began working as a Research Associate at IIM Ahmedabad after completing his schooling. Murthy advanced in his profession and was given the position of Chief Systems Programmer at IIM. He was working on the first time-sharing computer system in India here. For Electronics Corporation of India Ltd., he also created and built a BASIC interpreter. But despite succeeding at this, he had a strong ambition to start his own business.
Narayana Murthy’s Shift from Marxism to Entrepreneurship
Murthy had strong Marxist ideals in his formative years, but during a train ride in 1974, everything changed. Narayan struck up a discussion with a girl who could only speak French on the train as they travelled through Nis, a town that is situated on the border of Serbia and Bulgaria. But the boy who was with her was upset, and he called the police. Murthy was detained by Bulgarian police, who also hauled him onto the platform and took his baggage and passport. In what he describes as an 8X8 cell with basic bathroom facilities, Murthy spent the following 72 hours. In these conditions, one would at least anticipate courteous treatment, but Murthy was also refused food or drink for the entire period of 72 hours. When he was eventually freed, the guards reportedly said, “Look, you are from a friendly country called India, so we are letting you go, but we will give you your passport when you reach Istanbul.” Murthy recalled this. Murthy questioned whether he would ever want to be a part of a communist country if it treated its friends in such a way. Murthy went from being a confused leftist to a committed caring capitalist as a result of the entire experience. This strengthened his motivation to launch his own business.
Narayana and Sudha Murthy’s Journey of Success and Giving Back
Narayan Murthy is currently worth $3.5 billion. But his wife Sudha Murthy‘s unwavering support was also a major factor in his accomplishment. He has also made large donations to charitable causes through the Infosys Foundation. Murthy received the Padma Shri from the Indian government in 2000 in recognition of his tremendous contributions to the IT industry and economics of the nation. After being dubbed the “Father of the IT Sector” by Time magazine, he is frequently referred to as such.
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