Murthy said there was a need to change the mindset of the employees to focus on large deals.
Infosys Technologies Ltd has agreed in principle to set up a software development centre in Kolkata, West Bengal Chief Minister Buddhadev Bhattacharjee said on Friday.
Parekh, who is joining the company from Capgemini, will take over on January 2, 2018..
Founder of software giant Infosys, N R Narayana Murthy on Monday said he was positive that the company's first centre would come up in the metropolis."
The culture clash isn't the only issue - most of the founders are still wary of risky bets while the new management thinks calculated aggression is necessary in the new world of business, says Shyamal Majumdar.
Infosys employees presented Murthy and his family members a sketch of his on a rice grain.
Murthy on Saturday said the nation's second largest IT services firm had "diluted focus on meritocracy and accountability" in the past decade, forcing him to take "hard and tough decisions."
The company's inflexibility on prices and margins and a tradition of rotating leadership roles amongst its founders have made it less nimble than rivals.
The current executive co-chairman S Gopalakrishnan will be re-designated executive vice-chairman while S D Shibulal, who was one of the seven engineers to launch the company in 1981 by pooling together $250, will continue as Chief Executive Officer (CEO).
Murthy sought the shareholders understanding, support and encouragement in this exciting and rewarding journey of the next three years.
The company should reward the confidence of the shareholders by returning some cash to them.
Staff left India's second largest IT services exporter Infosys Ltd at an unprecedented pace in the last quarter, worrying its management and raising investors' concerns about its ability to win lucrative contracts even as it posted a higher-than-expected net profit for the period.
Infosys, country's second largest software services firm, has not made any profit on government projects because of red-tapism and other issues, its co-founder N R Narayana Murthy said.
Murthy shared his opinion on who will take over as the next chief after his retirement, saying that Infosys has a lot of talented people and indirectly hinted out that somebody loyal to the organisation will take the charge, selected mainly on the basis of merit and competence.
The Infosys co-founder, who was brought back to head the firm in June last year, also expressed unhappiness over the laggard performance in the last two years.
Uttam Ghosh gives us his unique take on the longer work hours debate.
Murthy's letter comes even as Sikka celebrates the completion of three years at the helm of India's second largest software exporter.
Grandchildren and books will take up most of NR Narayana Murthy's time after he retires for the second time from the company he co-founded with six friends over three decades ago.
He may make a comeback as co-chairman at India's second largest software exporter.
A readout of the meeting reportedly said Lord Johnson "made clear that he was keen to see a bigger Infosys presence in the UK and would be happy to do what he could to facilitate that".
Infosys co-founder NR Narayana Murthy on Thursday called out "fake news items", which claimed he endorsed automated trading applications and warned the public not to fall for such fraudulent claims. He also slammed "fake interviews" that used "deepfake pictures and videos" of him. In a series of posts on X, Murthy drew the attention of the public to false content being put out by malicious sites and products or services being sold fraudulently using his name and urged people to report any such instances to the concerned regulatory authorities.
N R Narayana Murthy, co-founder of Information Technology giant Infosys, has lamented that economic activities in India were 'stalled' and decisions were not taken by the Manmohan Singh government in time in the Congress-led United Progressive Alliance-era.
Citing an example of traffic rule violation in the national capital, Infosys founder N R Narayana Murthy on Tuesday said that he feels uncomfortable coming to Delhi because it is the one city where indiscipline is the highest. While speaking at the All India Management Association (AIMA) Foundation Day, Murthy shared that people should treat community property better than personal property as one of the values to avoid issues of dishonesty in public governance. "I really feel very uncomfortable coming to Delhi, this is one city where indiscipline is the highest.
'Binary fission will happen -- startups will lead to more startups.'
Narayana Murthy said reality is 'what you make.'
Murthy created today's situation by pushing into leadership positions people who should not have been there.
The company is reaping the benefits of change as focus shifts back to traditionally-profitable businesses and deal volumes.
Infosys on Friday posted healthy growth in earnings for July-September 2013, and raised the lower end of its FY14 revenue guidance, indicating the company had regained its momentum.
In a major top management re-shuffle, Infosys on Saturday said it has re-appointed N R Narayana Murthy as executive chairman and additional director with immediate effect.
A centralised, founder-led model that relies on organic growth is no longer workable.
Infosys chief mentor and chairman N R Narayana Murthy on Tuesday said the company co-founded by him will get his suitable successor well in time before his retirement in August 2011.
Murthy will hand over his role to K V Kamath, who has been an independent director on the Infosys board since May, 2009.
N R Narayana Murthy, co-founder of Infosys, blamed the venture capitalist community for inculcating a culture among entrepreneurs to chase growth at all costs. He said the VC model of investment looked like a ponzi scheme. "I would hold venture capitalists responsible who propounded the theory that only the top-line is important and not the bottom-line. "I think that is completely wrong. In many ways it looks like a ponzi scheme.
Vishal Sikka talks about his chemistry with N R Narayana Murthy and about his plans to strengthen the leadership team.
He also talks on the US challenge and on India's relations with China.
Pavin Rao, a 28-year company veteran, to be second-in-command at Infosys.
Unfazed by the exodus of top executives, Infosys co-founder and Executive Chairman N R Narayana Murthy on Friday said he wished luck to those who quit the firm and said the company has a strong cadre of leaders and that its future will not be "compromised".
What do you think is the right way to go?
Britain's Prince Edward and former prime minister Rishi Sunak were also at the game.
While having Murthy around will certainly help bolster employee morale, Infosys will have to go in for more process innovation and automation.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances