Narayana Murthy Net Worth 2024

Nagavara Ramarao Narayana Murthy, born on August 20, 1946, in Sidlaghatta, Karnataka, is a name synonymous with the growth of the Indian IT industry. With a net worth estimated at $4.8 billion as of 2023, he is not only one of India’s most prominent businessmen but also ranks as the 711th richest person in the world according to Forbes.

Narayan Murthy Net Worth

N. R. Narayana Murthy is an Indian billionaire businessman and pioneer of the Indian IT sector. He co-founded Infosys in 1981 and held various leadership positions, including CEO and chairman, until 2011. He briefly returned as Executive Chairman in 2013.

Overall, N. R. Narayana Murthy is a celebrated figure whose contributions have significantly shaped the Indian IT industry and earned him international recognition.

As of November 2023, Narayana Murthy’s net worth is estimated to be $4.8 billion according to Forbes. This places him as the 711th richest person in the world. His wealth primarily comes from his stake in Infosys, the IT company he co-founded.

N. R. Narayana Murthy’s Education

Murthy’s journey began in a middle-class Kannada Hindu family. After completing his school education, he embarked on an academic journey that would lay the foundation for his future success. He graduated in 1967 with a bachelor’s degree in electrical engineering from the National Institute of Engineering and later earned his master’s degree from the Indian Institute of Technology Kanpur in 1969.

Year	Degree	Institution
1967	Bachelor of Engineering (Electrical Engineering)	National Institute of Engineering
1969	Master of Technology	Indian Institute of Technology Kanpu
Source: Wikipedia

Narayana Murthy’s Career Summary

Early Career:

• Research Associate at IIM Ahmedabad
• Chief Systems Programmer
• Started Softronics (failed)
• Joined Patni Computer Systems

Infosys:

• Founded Infosys in 1981 (with initial investment of Rs 10,000)
• CEO from 1981 to 2002
• Chairman of the board from 2002 to 2006
• Chief mentor from 2006 to 2011
• Chairman emeritus since 2011
• Briefly returned as executive chairman in 2013-2014

Boards and Affiliations:

• Independent director on the corporate board of HSBC
• Director on the boards of DBS Bank, Unilever, ICICI, and NDTV
• Member of advisory boards and councils of several educational and philanthropic institutions
• Chairman of the Governing board of Public Health Foundation of India
• Member of Asia Pacific advisory board of British Telecommunications
• Strategic board of Cyril Amarchand Mangaldas
• International Advisory Board (IAB) of IESE

Other:

• Arrested and expelled during the communist era in 1974
• Transformed from a “confused leftist/communist” to a “compassionate capitalist”
• Raised concerns over alleged corporate governance lapses at Infosys in 2017

Year	Title	Company/Organization
1981-2002	CEO	Infosys
2002-2006	Chairman of the board	Infosys
2006-2011	Chief Mentor	Infosys
2011-present	Chairman Emeritus	Infosys
2013-2014	Executive Chairman	Infosys
2014	Non-Executive Chairman	Infosys
Present	Independent Director	HSBC
Present	Member	Advisory boards and councils of several educational and philanthropic institutions
Present	Chairman	Public Health Foundation of India
Present	Member	Asia Pacific advisory board of British Telecommunications
Present	Member	Strategic board, Cyril Amarchand Mangaldas
Present	Member	International Advisory Board (IAB), IESE

The Birth of Infosys

In 1981, N. R. Narayana Murthy embarked on a journey that would change the landscape of the Indian IT industry forever. He, along with six software professionals, founded Infosys with an initial capital investment of Rs 10,000, provided by his wife, Sudha Murty. Murthy took the helm as the CEO, a position he held for an impressive 21 years until 2002. Under his leadership, Infosys pioneered a global delivery model for IT services outsourcing from India, setting new standards for the industry.

Corporate Leadership and Beyond

After his tenure as CEO, Murthy continued to contribute to Infosys as the chairman of the board from 2002 to 2006, and later as the chief mentor. In August 2011, he retired from the company but took on the title of chairman emeritus, a testament to his enduring influence.

N. R. Narayana Murthy’s impact extended beyond Infosys. He served on the corporate boards of HSBC, DBS Bank, Unilever, ICICI, and NDTV, showcasing his diverse business acumen. His advisory roles in numerous educational and philanthropic institutions, such as Cornell University and the Ford Foundation, underlined his commitment to societal development.

N. R. Narayana Murthy’s Family

Relationship	Name	Occupation
Wife	Sudha Murty	Educator, author, philanthropist, Chairperson of the Infosys Foundation
Son	Rohan Murty	Executive assistant to N. R. Narayana Murthy (2013-2014)
Daughter	Akshata Murty	Spouse of Rishi Sunak (British politician, MP for Richmond, Yorkshire, Leader of the Conservative Party, Prime Minister of the United Kingdom)
Source: Wikipedia

N. R. Narayana Awards and Achievements

N. R. Narayana Murthy’s contributions have not gone unnoticed. He has received numerous awards and honors, including the Padma Vibhushan, Hoover Medal, and IEEE Honorary Membership. His philanthropic endeavors have also been recognized, with accolades such as the Woodrow Wilson Award for Corporate Citizenship. Here is the complete list of Awards and Honors:

Year	Award	Awarding organization
2022	Kempegowda Award	Bruhat Bengaluru Mahanagara Palike (BBMP)
2014	CIF Global Indian Award	Canada India Foundation
2013	25 Greatest Global Indian Living Legends	NDTV
2013	Sayaji Ratna Award	Baroda Management Association, Vadodara
2013	Philanthropist of the Year	The Asian Awards
2012	Hoover Medal	American Society of Mechanical Engineers
2011	NDTV Indian of the Year’s Icon of India	NDTV
2010	IEEE Honorary Membership	Institute of Electrical and Electronics Engineers.
2009	Woodrow Wilson Award for Corporate Citizenship	Woodrow Wilson International Center for Scholars
2008	Padma Vibhushan	Government of India
2008	Officer of the Legion of Honour	Government of France
2007	Honorary Commander of the Order of the British Empire (CBE)	Government of United Kingdom
2007	IEEE Ernst Weber Engineering Leadership Recognition	Institute of Electrical and Electronics Engineers
2003	Ernst & Young World Entrepreneur Of The Year	Ernst & Young World Entrepreneur of the Year Jury
2002	IET Honorary Fellow	Institution of Engineering and Technology
2000	Padma Shri	Government of India
2009	Doctorate of Science (Honoris Causa)	Shri Mata Vaishno Devi University

Conclusion

N. R. Narayana Murthy’s life and career represent the epitome of entrepreneurial success in India. From humble beginnings to co-founding one of India’s most prominent IT companies, his journey is nothing short of inspirational. His net worth is not just a reflection of his financial success but also a testament to his enduring legacy in the world of business, technology, and philanthropy.

As an entrepreneur, leader, and philanthropist, Murthy’s contributions have left an indelible mark on the Indian IT industry and society as a whole. His story serves as an inspiration for generations to come, emphasizing the value of hard work, innovation, and commitment to making a positive impact on the world.

FAQs on Narayana Murthy Net Worth 2023

1. What is the net worth of Narayana Murthy in rupees?

As of November 2023, Narayana Murthy’s net worth is estimated to be ₹3,99,08,06,40 crore (approximately $4.8 billion) according to the Forbes India Rich List.

2. How did Narayana Murthy make his money?

Narayana Murthy made his fortune primarily through his co-founding and leadership of Infosys, a global IT consulting and services company. He played a pivotal role in building Infosys into a multinational success, and his wealth is largely derived from his ownership stake in the company.

3. What is the net worth of Sudha Murthy?

Sudha Murthy, Narayana Murthy’s wife, is a philanthropist and educator. Her net worth is not publicly available, but her wealth is believed to be tied to her husband’s assets and her own philanthropic endeavors.

4. Who is the richest Infosys founder?

Among the Infosys co-founders, N.R. Narayana Murthy is considered the richest with a net worth of ₹34,728.52 crore.

5. What percentage of Infosys does Narayana Murthy own?

Narayana Murthy’s current ownership stake in Infosys is not publicly available. However, as of 2021, he held a 0.035% direct stake and a 0.34% indirect stake through his family trusts.

6. Who is the owner of Infosys son?

Infosys is a publicly traded company and does not have individual owners. Narayana Murthy’s son, Rohan Murthy, is not a direct owner of Infosys but holds a minority stake through his family trusts.

7. Who is the co-founder of Infosys?

N.R. Narayana Murthy co-founded Infosys with six other engineers in 1981. The other co-founders are:

• Nandan Nilekani
• N.S. Raghavan
• S. Gopalakrishnan
• S.D. Shibulal
• K. Dinesh
• Ashok Arora