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Narayana Murthy’s regret: Infosys founder says employees were not rewarded better

Founder of Infosys NR Narayana Murthy has expressed regret at not being able to reward many of Infosys’s early employees as much as its co-founders. Narayana Murthy points out that there were many very smart early adopters of Infosys whom he could not reward the way he did other co-founders.
“His contribution was either as much as mine. I only wish I had thought about it very carefully and those extraordinary people would have benefited too,” ET quoted him as saying.
He further emphasized that during his tenure at Infosys, everyone’s views were considered before any decision was taken.
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However, he acknowledged that democracy has its limits. When asked about his regrets in life, he said, “Infosys could have done much better than what it did because we had created an enlightened democracy.”
Murthy made this comment at an event organized in his and his wife’s honor. Sudha Murthyanniversary, as well as the book launch.
Sudha Murthy, Founder-President Infosys Foundation, shared her experience as the first woman engineer at Tata Motors (formerly Telco) and expressed her happiness at seeing the increasing number of women working there. Narayana Murthy also expressed regret at not allowing Sudha Murthy to formally join Infosys, a sentiment he had expressed publicly earlier.
Sudha Murthy, who recently received the Padma Bhushan award, revealed that she was initially disappointed at not joining Infosys, but later started the Infosys Foundation to get involved in social work after her daughter Akshata Murthy’s advice. Found the purpose of doing.
Narayana Murthy recalls the challenges he faced while setting up Infosys, Sudha Murthy managed the domestic responsibilities while taking over the company’s operations – from obtaining loans and office space to obtaining telephone and computer licenses, she Had to face cumbersome procedures entangled in bureaucratic red tape. He reportedly said, “There was a joke in India in those days that technology changes every three months and the bureaucratic system takes three years.”
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He praised Karnataka State Industrial and Infrastructure Development Corporation and Karnataka State Finance Corporation for quick loan facility.
Additionally, Murthy praised former Prime Minister PV Narasimha Rao, former RBI Governor Manmohan Singh, former Finance Minister P Chidambaram and former Deputy Chairman of the Planning Commission of India Montek Singh Ahluwalia for their contribution to liberalization and development of the technology sector.
Prime Minister Narendra Modi recently announced that Narasimha Rao will be posthumously awarded India’s highest civilian honour, the Bharat Ratna.

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