Sunday, July 09, 2023

Is it the power of generosity?

 


Narayan Murthy is a true legend, an icon for generations. As a successful middle-class professional in India in the 1980s, it was an audacious step  to take the plunge into entrepreneurship. And in his journey, he set several benchmarks - the first to distribute wealth through stock options to a very large base of employees, the first to insist on the highest corporate governance standards for a fledgeling business, the uncompromising adherence to values and more. In the process, he created the  $70 bn behemoth that gave a fillip to job creation and entrepreneurship in the country and built the reputation of  India flying high as an IT superpower. IT services today are the biggest exports from the country. There are very few companies anywhere that are so innovative, pioneering and that also have transformed an industry and maybe even changed a country.

He belonged to a lower-middle-class family, his father was a schoolteacher with eight children. Now he is worth about $ 4 bn and by all accounts with time, his reputation and respect keep going uph. His daughter is married to the Prime Minister of the UK. It is by all means an abundantly blessed life.

In a recent interview with his son Rohan on TV ( link below), he says his favourite character in Mahabharata is Karna for his generosity. In the story, Karna gives away anything that anybody asks for including his shield that can protect him from any weapon. He is a tragic hero, He is the finest warrior amongst the heroes,  he suffers all along from fate but that does not stop him from being always ready to sacrifice. Murthy also in a very uncharacteristic gesture, did not retain a substantial equity in Infosys as everyone would do, but shared it equitably with his co-founders and employees. Infosys Foundation has carried forward that work too. 

It is quite curious that someone who in the last few decades gave away the most has also got back the most.

https://www.msn.com/mr-in/news/other/exclusive-rohan-murthy-interviews-dad-nr-narayana-murthy-on-starting-up-sacrifices-values/vi-AA1dzxnN

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