NR Narayana Murthy, with its six co-founders, started Infosys in a 10x10 room with an investment of just Rs 10,000 and that too was borrowed from his wife, Sudha Murthy. The company that got started in Pune in 1981 with said amount has increased its revenue to Rs. 27000 crore.

Everything kept on increasing, profits, share, employees, standings, but the person who head the company and held it like his baby would step down from his post of CEO. His place would be taken by the KV Kamath, an Independent Director in Infosys.

India shall now have to employ regional people at the front end of its process to alleviate the uneasiness and contracting out jitters, as per the Infosys mentor N R Narayana Murthy.

He further added when inquired regarding a probable resolution over IT outsourcing issues handled by Indian groups that they have to make certain that they are not very noticeable in such markets. He said that they need to employ local genius. Employ Englishmen in England; appoint Americans in US and the Brazilian in Brazil.

Founder of Infosys N. R. Narayana Murthy has said that he has confidence in the Indian software companies to fight the stress of the recent increase in the price of visa by the US government and that they will face it with a much more competitive spirit, resorting to innovation as their weapon to increase their productivity.

Today, most of the engineering graduates that are hired by the IT-sector come from the non-computer science backgrounds like electrical engineering, mechanical engineering and civil engineering.

This is due to the dearth of computer science engineers in the nation, thereby forcing even the very successful IT-sector to opt for alternative engineering backgrounds. This has been said by the founder of Infosys, Mr. Narayana Murthy.

New Delhi, Dec 22 : India''s second largest IT firm Infosys is all set for a change in its leadership with Infosys chief NR Narayana Murthy most likely to retire in 2011.

In an interview to a news channel, Murthy shared his opinion on who will take over as the next chief after his retirement, saying that Infosys has a lot of talented people and indirectly hinted out that somebody loyal to the organisation will take the charge, selected mainly on the basis of merit and competence.

Bangalore, Dec 21 : A Karnataka legislature committee Monday recommended appropriate action against Infosys chairman N. R. Narayana Murthy and promoters of the Bengaluru international airport - Larson & Toubro (L&T), Siemens and Zurich - for the shoddy work.

A report of the 21-member joint house committee, tabled in the state assembly, said the decisions at each stage (right from project approval to construction) were not in accordance with the expectation of a world class international airport.

IT sectors across the global were one of the worst hit during the latest financial crisis, and although India has been fortunate and not hurt too badly, Infosys founder N. R. Narayana Murthy believes that there is one very important lesson that the country needs to learn from the situation; India's industries and markets need to learn how to strike a good balance between being secure on the financial front and remaining competitive.

The big news doing the rounds is that IT major Infosys Technologies founder N R Narayana Murthy has resigned as the director of NDTV with immediate effect.

NDTV has informed the market that Murthy has articulated his inability to persist on its board because of his other commitments.

In a disclosure to stock exchange, NDTV said: “In view of increasing pressure on his time and due to his commitments within and outside Infosys, N R Narayana Murthy has expressed his inability to continue as a director on the board of Directors of the company with immediate effect.”