Bangalore: Describing himself as an average guy, Infosys Chairman N R Narayana Murthy said his life story should encourage ordinary people who want to make a difference in the world. JPN/Agencies
"As I close, I thank God, this country, this world, family, relatives and friends for helping me - an average person with many below-average attributes - to add whatever little value I have to this country and to the world," Murthy, who is also the chief mentor of the company, said.
The software industry icon, who was given a standing ovation at his address on the company's 30th AGM, said, "My life story should be a confidence booster for every average person in the world that he or she can indeed make a difference at least in a small way to this world."
He said the Infosys journey had been an integral part of his life.
"My colleagues say that Infosys is an inseparable part of me and I am an inseparable part of Infosys. I have been the number one actor in every major decision taken in the company
so far. I have rejoiced in every significant milestone of the company. I have commiserated in every false step that this company has taken," Murthy said.
"The best analogy that I can think of, for this separation between Infosys and me, is that of one's daughter getting married and leaving her parents' home. Yes, the parents will be there when she needs them and they will be happy that she is starting a new life in an exciting new environment", he added. Murthy, however, said he feels sad that the company has been issued court summons in the US on the B-1 visa issue.
"As I leave the board, I feel sad that Infosys, voted most often as India's most-respected company during the period 1995-2011, has been issued a subpoena by a grand jury in the
US on B-1 Visa issue. The issue will be decided on its merits in due course," he said.
Naryan Murthy, who would take over as company Chairman- -Emeritus after his term as Chairman of the board concludes on August 20 this year, said this was the time for Infosys to continue and strengthen its focus on embracing meritocracy, transparency and openness of discussions and consultations with competent colleagues.
He added there should be a thrust on communicating the importance of values at every level in the organisation, besides benchmarking with "the global best in every dimension,
encourage innovation at every level to perform at global levels; and create a worthwhile vision and improve every day".
"This is how our mantra of focusing on speed, imagination and excellence in execution will take this company very far," he said.
Murthy founded Infosys in 1981 along with six others with a paltry capital of USD 250. The country's second biggest software services company now generates revenues in excess of
USD six billion and has an employee strength of 1,30,820.
Noting that the company is completing 30th years of its operations this year, he said, "Going from the first major client win of Data Basics Corporation to 600-plus clients today, and from a small rented office space in Pune to over 60 development centres worldwide occupying over 27 million square feet has been exhilarating as well as humbling."
‘Unhappy over US probe on B-1 visa issue’
Murthy expressed disappointment over a US court issuing a legal notice to the IT bellwether on its reported misuse of B-1 visa rules.'As I leave the board, I feel sad that Infosys, voted most often as India's most respected company during the period 1995-2011, has been issued a subpoena by a grand jury in the US on the B-1 visa issue. The issue will be decided on its merits in due course,' Murthy told his shareholders at the 30th annual general meeting (AGM) here.
Though a district court in Texas May 23 served the legal notice to the company on the alleged violation of visa rules, the management decided to contest it and clarify its position to clear the air.
Asserting that the blue chip company would strengthen its well-acclaimed and much respected focus on embracing meritocracy and transparency, Murthy said during the last three decades he had never compromised on values, and advocated openness in discussions on the importance of values at every level in the organisation.
'This is the path I have walked during the last 30 years at Infosys with much peace of mind and a clear conscience. I never waffled and remained unambiguous about practising our values, punishing the guilty and being firm in every decision-making based on our values,' Murthy said.
In a regulatory filing, the company admitted that any action by the US government against it in this regard would seriously affect its business in the North America market, which accounts for about 60 percent of its export revenue.
The US immigration authorities issues B1 visas for short-term visits to attend business seminars and restrict employees from engaging in gainful employment during their stay.
The global software major has about 10,000 of its software engineers on H-1B visas and 2-200 on L1 working in the US.
Four members inducted in Board
The country's second largest software exporter Infosys Technologies inducted four new members to its board, including current CFO V Balakrishnan.
"The company has appointed V Balakrishnan, B G Srinivas, Ashok Vemuri and Ann Fudge to the Board," Infosys Chairman N R Narayana Murthy told reporters here.
While Balakrishnan is currently serving as the chief financial officer, Vemuri is the Senior Vice President and Global Head (Banking and Capital Markets) at the firm.
Srinivas is the Senior Vice President and Member of the Executive Council at Infosys.
Ann Fudge is the former chairman and CEO of Young & Rubicam Brands, a global network of marketing communications companies. She is also on the board of GE, Novartis and Unilever.
Bangalore: Describing himself as an average guy, Infosys Chairman N R Narayana Murthy said his life story should encourage ordinary people who want to make a difference in the world.