"For someone who grew up in the world of technology and IT, I have tremendous respect for what Infosys' founders have built over the past three decades," Sikka told investors of the global software major ahead of its 34th annual general meeting here on Monday.

Besides Murthy, six co-founders of the blue chip company are Nandan Nilekani, S Gopalakrishnan, SD Shibulal, K Dinesh, NS Raghavan and Ashok Arora. Though Raghavan retired in 2000 as joint managing director, and Arora, who was on the board till 1989, left for US later, other co-founders, barring Dinesh, steered the company from a USD 100 million to USD 8.7 billion outsourcing major as successive co-founders, with Shibu Lal being the last.

"Murthy and his co-founders opened a new industry, and with that an opportunity for businesses to operate in new ways and bring new value by leveraging IT services," Sikka added in his fist letter to the company's 4.5 lakh shareholders on the occasion.

Murthy, who returned from retirement to head the troubled company as chairman on June  1, 2013, stepped down abruptly a year later (June 14, 2014) after reviving its sagging fortunes and finding Sikka as a worthy successor to steer the company back to being the Indian IT industry's bellwether.

"I decided to exit Infosys to ensure a smooth transition of responsibilities to the new management and give a free hand to Sikka for steering the firm into future as a marquee Indian brand in the technology space," Murthy told reporters.

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