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May 2012

Fortune names N. R. Narayana Murthy among greatest entrepreneurs

By Tarunkumar Singhal, Raman Jokhakar, Chartered Accountants
Reading Time 2 mins
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Infosys co-founder N. R. Narayana Murthy is among the 12 greatest entrepreneurs today, according to a Fortune magazine list. Apple’s late chief Steve Jobs leads the bunch. The list includes Microsoft founder Bill Gates and Facebook chief executive officer Mark Zuckerberg for turning ‘concepts into companies’ and changing the ‘face of business’.

The US publication said as the visionary founder of Infosys, Murthy has built one of the largest companies in India, helping to transform the economy and put it on the world stage. Murthy, 65, proved “India could compete with the world by taking on the software development work that had long been the province of the West; Murthy helped spark the outsourcing revolution that has brought billions of dollars in wealth into the Indian economy and transformed his country into the world’s back-office,” the magazine said.

Fortune cited his lesson that an organisation starting from scratch must coalesce into a team of people with an enduring value system. “It is all about sacrifice today, fulfilment tomorrow,” it quotes Murthy, who is ranked 10th, as saying. “It is all about hard work, lots of frustration, being away from your family, in the hope that some day you will get adequate returns from it.”

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