The pillar of giant IT company N.R Narayana Murthy has a total net worth of $1.8 billion as on in 2017. He is a gold medalist and receive a salary of $50 million. Narayana Murthy is an Indian industrialist whose life story is the perfect example of success from rags to riches. He is a highly educated and has received several prestigious awards for his work and contribution to the society in the Information Technology field. His estimated net worth is $1.8 billion but during his second stance at his own company he reported that he will only draw 1 INR per year as a token money as his salary! For him, it is just the association with his own company which is important at this stage of life.
Net Worth – $1.8 Billion
Name: Nagavara Ramarao Narayana Murthy
Annual Salary: $50 Million
DOB: 20th August 1946
Height: 1.76 m /5.8 feet
Wife: Sudha Murthy
Ethnicity: Kannada, Indian
Family & Education
Nagavara Ramarao Narayana Murthy was born on 20 August, 1946 and is currently 70 years of age. He was born in the Kingdom of Mysore, now known as Karnataka state of South India. His birthplace is Sidlaghatta in Kolar district. He hailed from a humble middle-class background and displayed quick wit and intelligence from his childhood. He was always drawn towards researching and science and after completing schooling, Murthy graduated from National Institute of Engineering, Mysore in 1967 with a degree in Electrical Engineering. Two years later he completed his Masters from Indian Institute of Technology, Kanpur, one of the most prestigious engineering institutes in India as well as abroad.
He worked at SESA, London for three years and returned to India after successfully working on project dealing with air-freight management software in Paris air terminal. Soon after that Murthy joined IIM Ahmedabad and worked there as the chief system programmer. He implemented the BASIC interpreter and had the opportunity to work for the sharing computer system which was introduced for the first time in India and worked in a company named Softronics which failed miserably. After a year and a half, Murthy joined Patni Computers Systems located in Pune.
In the year 1981, Murthy and six other software engineers founded the company Infosys. With only a starting capital of 10,000 INR funded by Murthy’s wife, big reams started in one office room. Here he proposed and developed the Global Delivery Model outsourcing from India. He was appointed as the chairman on 2002 and served for 4 years later becoming the Chief Mentor. He retired from the company in 2011 with the title Chairman Emeritus.
Murthy has served for a variety of banks and educational institutes, namely IDBI, DBS, ICICI, NDTV and Unilever as an independent director. He has also been part of the advisory board of foreign as well as national universities. He is the trustee of the Infosys Prize which is an annual monetary prize for researchers in India and is considered as one of the highest awards. Apart from this, he and his wife are involved in other philanthropic activities.
In 2013, Murthy joined back Infosys and the following year he volunteered to only serve as Executive chairman and leave his post as an additional Director. He also serves the Cyril Amarchand Mangaldas national law firm as an advisor.
Murthy married Sudha Murthy in 1978, a gold medalist in engineering and started his company with her. Mrs. Murthy is now an established writer and a recognized social worker. He had met her while working in Patni Computer Systems. The couple has two children, one son named Rohan Murty and one daughter Akshata Murthy. Murthy authored a book titled A Better India: A Better World released in 2009 by Penguin Books. He is considered as the Father of Indian IT Industry.