Saturday, January 17, 2026
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

Decision to keep next-gen of promoters out of Infosys was wrong: Narayana Murthy

by Haripriya Sureban
December 14, 2022
in Business
Reading Time: 3 mins read
A A
0
Home Business
Share on FacebookShare on Twitter


Bengaluru, December 14

NR Narayana Murthy, Founder of IT major Infosys, said that his earlier decision to not allow the children of founders or the next generation of promoters to work at Infosys was wrong.

He was speaking at the Infosys 40-year celebrations in Bengaluru.

Infosys Founder Narayan Murthy
| Photo Credit: SHAILENDRA BHOJAK

“I was completely wrong. I was depriving this organisation of legitimate talent. I take back whatever I said. Every individual must have the same opportunity as every other individual if he or she is considered the best person for the job.”

The founder of Infosys had earlier held the view that no family member of a founder can ever come to work at Infosys. Murthy stated that he initially embraced the idea because he was concerned that certain people might bring in undeserving candidates and put them in positions. “I wanted the future of the organisations to be strong, but now I take that back,” he said.

Changing his view on the matter, Murthy now opines, nationality, heritage, and lineage shouldn’t be of consideration as long as the candidate has the best competence for a position. Having said that, he added, “But one has to work through the proper process of maturing in the organisation before being given a suitable position or responsibility.”

Commenting on the same, the non-executive Chairman of Infosys, Nandan Nilekani said, “I think, we should not practise reverse discrimination as well.”

Although none of the founders’ children have worked for Infosys in the past 40 years, Murthy’s son Rohan Murty had a short stint at the company. Back in 2013, when Murthy was brought back to Infosys as Executive Chairman, he had bought his son along as his executive assistant. The father and son duo, however, had left the company in 2014.

SHARE

  • Copy link
  • Email
  • Facebook
  • Twitter
  • Telegram
  • LinkedIn
  • WhatsApp
  • Reddit

Published on December 14, 2022





Source link

Tags: DecisionInfosysMurthyNarayanaNextGenPromoterswrong
Previous Post

Amid Tesla stock plunge, Musk loses world’s richest crown

Next Post

SEC charges social media influencers in alleged $100 million stock pump and dump scheme : stocks

Related Posts

Signature Global to invest ₹380 crore on earthquake resistance technology

Signature Global to invest ₹380 crore on earthquake resistance technology

by Euro Times
January 17, 2026
0

Realty agency Signature World on Saturday stated it'll make investments ₹380 crore on adoption of superior earthquake resistance expertise in...

JioBlackRock Mutual Fund: MCX, HAL, Paytm among stocks bought and sold in December

JioBlackRock Mutual Fund: MCX, HAL, Paytm among stocks bought and sold in December

by Surbhi Khanna
January 17, 2026
0

JioBlackRock Mutual Fund which is a brand new entrant within the mutual fund business elevated its holdings in almost 475...

State Street anticipates 4–6% fee revenue growth and 100+ basis points positive operating leverage in 2026 as AI and digital transformation accelerate (NYSE:STT)

State Street anticipates 4–6% fee revenue growth and 100+ basis points positive operating leverage in 2026 as AI and digital transformation accelerate (NYSE:STT)

by SA Transcript Insights Editor
January 17, 2026
0

Earnings Name Insights: State Road Company (STT) This fall 2025 Administration View Ronald O’Hanley, CEO & Chairman, said, "Our fourth...

ACWI Provides Global Large-Cap Equity Exposure (NASDAQ:ACWI)

ACWI Provides Global Large-Cap Equity Exposure (NASDAQ:ACWI)

by Michael Del Monte
January 16, 2026
0

This text was written byComply withMonte Unbiased Funding Analysis: Michael Del Monte is a buy-side fairness analyst with experience within...

Sony Pictures Networks India restructures leadership to boost digital-linear integration

Sony Pictures Networks India restructures leadership to boost digital-linear integration

by Euro Times
January 16, 2026
0

Sony Photos Networks India (SPNI) introduced a serious management reorganisation on Friday, shifting to a content-first, platform-agnostic working mannequin that...

Pankaj Tibrewal on AI, capital markets and where investors should focus in 2026

Pankaj Tibrewal on AI, capital markets and where investors should focus in 2026

by Anupam Nagar
January 16, 2026
0

The Indian funding panorama is witnessing a nuanced shift, with midcap IT corporations, non-public banks, and onerous belongings rising as...

Next Post
SEC charges social media influencers in alleged 0 million stock pump and dump scheme : stocks

SEC charges social media influencers in alleged $100 million stock pump and dump scheme : stocks

Best touchscreen laptops 2023 | PCWorld

Best touchscreen laptops 2023 | PCWorld

Why Did Cleveland-Cliffs Stock Jump This Week?

Why Did Cleveland-Cliffs Stock Jump This Week?

January 17, 2026
Sri Lanka unveils a rare purple star sapphire claimed to be the biggest of its kind

Sri Lanka unveils a rare purple star sapphire claimed to be the biggest of its kind

January 17, 2026
Signature Global to invest ₹380 crore on earthquake resistance technology

Signature Global to invest ₹380 crore on earthquake resistance technology

January 17, 2026
Trump pardons convicted California fraudster he freed for other crime

Trump pardons convicted California fraudster he freed for other crime

January 17, 2026
ICICI Bank board approves Sandeep Bakhshi’s reappointment as MD & CEO till 2028

ICICI Bank board approves Sandeep Bakhshi’s reappointment as MD & CEO till 2028

January 17, 2026
Russian Forces Liberate Priluki Village in Zaporozhye Region

Russian Forces Liberate Priluki Village in Zaporozhye Region

January 17, 2026
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Why Did Cleveland-Cliffs Stock Jump This Week?

Sri Lanka unveils a rare purple star sapphire claimed to be the biggest of its kind

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In