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Infosys Co-founder Narayana Murthy Turns Investor

18 April, 2009

NR Narayana Murthy, the co-founder and chief mentor of Indian IT giant Infosys Technologies, is donning a new hat as an investor to fund new ideas that create value for society. Murthy says ideas and opportunities exist beyond computers and high-tech areas, especially in rural  areas, reports Economic Times. Murthy plans to help young entrepreneurs to convert their ideas into

reality.

“I find youngsters want to do all kinds of things. There are people who want to create wealth by booking tickets. There are people who are creating wealth by enhancing the efficiency of production lines. There are people who are creating wealth by providing efficient, decent and

cost-effective means for the corporate world. They all have great ideas,” Murthy told ET. His personal wealth is believed to be around $1.8 billion.

Murthy may have also found his first project to invest in. Serial tech entrepreneur turned investor Jaithirth (Jerry) Rao is planning a low-cost housing venture and plans to rope in Murthy as a co-investor, reports today’s Business Standard. Rao founded MphasiS and sold it to EDS Inc four years ago, and has been since investing from his personal wealth.

With this role, Murthy joins his associate and co-founder of Infosys, NS Raghavan, who quit the firm as joint MD, now runs Nadathur Investments and early stage venture capital firm Ojas Venture Partners. Another Indian tech czar, Azim Premji, also has a personal investment company called PremjiInvest, which has a corpus of $1 billion.

Murthy, a first generation entrepreneur himself, has been an inspiration to many budding entrepreneurs in India since starting his IT venture with a Rs 10,000 loan from his wife.


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6 Comments
chandra . 6 years ago

Intresting. how to contact Mr. Narayana murthy VC firm!

Dr A Obi Reddy. . 6 years ago

Opportunities beyond IT and hightech business do exist. Natural (chemical free ,zero input farming ), Milk production from Desi cows ( value added milk of medicinal value ),Grazing sheep that is more profitable than IT or BT etc.

All these ventures are eco-frindly and help develop natural resources rather than destroing them.

Keshav Prasad . 6 years ago

Murthy will prove to be a boon for rural india .

DSK Rao . 6 years ago

Nice to hear that Sh.Narayana Murthy is focusing on Inclusive Development with his Corpus of funds. I feel that is very noble of him. Wonder, how he can be approached for possible VC funding!

Kunal A.Almoula . 6 years ago

Great step by Mr.Narayan Murthy.Getting a VC like him should boost confidence with young upcoming entrepreneur who inspire to be and lead the way he did. Kindly furnish Mr.Narayan Murthy’s VC firm contacts.

shiv . 6 years ago

Murthy will prove to be a boon for rural indai.

Infosys Co-founder Narayana Murthy Turns Investor

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