Infy co-founder NR Narayana Murthy setting up a VC fund

VCCircle reports that Infy co-founder, NR Narayana Murthy, has sold $37 million worth of Infy shares to setup a VC fund. Proceeds from the sale will be used as seed capital for the fund.

That is great news. He has amazing street cred and is definitely viewed as an entrepreneurial icon who grew Infy to a multinational company.

Share:
  • Print
  • del.icio.us
  • Facebook
  • email
  • HackerNews

42 comments

  1. This is good news. More people might follow his steps , Azim Premji and others.

    • Hi Guys

      Your are really true even I am struggling so much even after bringing such a nice product to the market.I have come up with a product which actually protects a user online identity by providing virtual social identification number.Please check my website http://www.vsoid.com for more information .Please provide your feedback.I am looking for a venture capital who can take this venture to the next level

  2. Dear All Entrepreneurs,
    All VC’s are alike .They will come when profits are around.
    An eg. NR Narayan Murthy was on front page of ET for showing interest in startups in India.
    There is a company providing “internet security solutions” to Banks in India .But this company is not able to break in its clients ,even though it has better product on anti-phising and anti-spamming.It is on multi-factor tool authentication.
    Only reason is that the biggies like Infoys and Wipro are deeper clutches and dont allow innovation.
    Allowing external innovation ,for them , means loosing a client.
    Message is clear I hope
    Happy new year to all the strugglers

  3. Was not aware of this.
    It sounds good. :)
    NR Narayana Murthy will surely do wonders again !

  4. Do we really respect body shoppers like Infosys, Wipro TCS ??

    These companies have no product. they are just renting indian minds ….. no innovation

    so what if they have billions….. they do not have a single product

    • Business is business rajat (even my first name is rajat :) ), i don’t think it really matters whether it is a prod company or a services company….As long as something positive is happening it should be a good idea right …
      Do people ask this questions from VC’s in america whether they started as a prod company or services company

      • Hi Guys

        Your are really true even I am struggling so much even after bringing such a nice product to the market.I have come up with a product which actually protects a user online identity by providing virtual social identification number.Please check my website http://www.vsoid.com for more information .Please provide your feedback.Thanks

    • hi,
      it seems u r trying hard to be a innovation success specially in some thing as a product. i think there is something positive about your comment. would be glad to know what u r upto and should love to share my innovative product’s projects.

      varun
      9268421704

    • No you are wrong:-(

      Infosys has two products.
      1. Finacle
      2.

  5. NR Narayana Murthy will surely do wonders again !

  6. I wonder who will get the first funding from him :) . Whoever it is, along with the funding they are going to get huge media mileage.

  7. True Infy and all started as body shopper but slowly they will move for product model specially for banking sector etc likewise Wipro is moving towards IP and hardware product manufacturing.
    Momentum has to be build to develop anything product or service.

  8. Annadhatha MK Rao, Engineer, Reformist & Social Servant, Age: 63

    Though NVSN Murthy is a scientist in metallurgy, he became a real God for Indian Corporates since he is caring so much for their welfare in the long run.

    His mission proves that he is a great visionary.

    His advices to Indian Corporates are really motherly and priceless.

    Our Corporates must take him as an advisor. He really deserves the title of “Father of Advices”.

    His words and thoughts have the power to melt hearts, open the minds and fuse the souls – for a common cause.

    At least, our world needs one more visionary like scientist NVSN Murthy for APPLYING THOUGHTS for others.

    Annadhatha MK Rao, Age: 63, Reformist, Engineer and Social Servant, email: annadhatha@sify.com

  9. Annadhatha M K Rao, Age: 63, Engineer, Reformist, Economist & Social Worker

    When Indian IT companies are APPLYING THOUGHTS for others, scientist NVSN Murthy is APPLYING THOUGHTS for the Indian IT companies. This is least noticed by our IT Corporates. It is unfortunate.

  10. Annadhatha MK Rao, Age: 63, Engineer, Reformist & Social Servant

    Individuals and institutions not working for their native land are killing their nation in many ways.

    Products and services not reaching your nation and people are destroying your nation.

  11. NVSN Murthy, Scientist & a quitting visitor on earth

    For garnering votes, power, wealth, goods and services – politicians waged a war on economists and removed economics from social science and merged it with power politics, therefore, economists no more deal with production, distribution and consumption of goods, services and wealth since they surrendered to politicians for their survival, as a final result, Economics turned Agonymix.

  12. NVSN Murthy, Scientist and a temporary visitor on earth currently passing through Asian soil

     Humanity, a simple bridge for a bonding bridge.

    • Adopt “ LoveAll-HateNone “ philosophy originated from Humanity, therefore Humanity is the essence of all religions, faiths and philosophies of our acquisitive world. Most importantly, for all those who believe in God, Humanity is the visible form of God.

    • Do not do for others what you do not want others to do for you.

    • We acquire everything only to carry nothing.

     God and Religion:

    • A true religious mind knows no religion since GOD knows no religion.
    • No one is bad since everyone belongs to God.
    • Laws not built on humanity do not last longer.

     The need of the hour:

    • Sow humanity and reap peace. Sow peace and reap progress. Sow progress and reap prosperity. Sow prosperity and reap endless happiness. Therefore – Humanity is my caste, Humanity is my community, Humanity is my religion, Humanity is my creed, Humanity is my race, Humanity is my tribe, Humanity is my region, Humanity is my nationality, Humanity is my language, Humanity is my mother-tongue, Humanity is my consideration, Humanity is my philosophy, Humanity is my approach and Humanity is my way of life. Finally, Humanity is my whole world.

     NVSN Murthy, Scientist
    A temporary visitor on earth currently passing through Asian soil and attempting to eliminate tears, agony, suffering, wars, destruction and loss of lives, time and money for the people and nations of our mother planet earth.

    Past address: Unknown
    Present address: Earth
    Future address: Unknown

  13. NVSN Murthy, Scientist and a temporary visitor on earth currently passing through Asian soil

    Uncertainty is more certain and more inevitable than the most inevitable change.

    Thus, Indian entrepreneurs in general and corporate sector in particular, must be more watchful than never before since emerging technologies demanding abrupt changes needs abnormal potential to absorb changes associated.

  14. NVSN Murthy, Scientist and a temporary visitor on earth currently passing through Asian soil

    Reduce IT assesses

    The number of Income Tax (IT) assesses can be reduced drastically from several crores to few thousands by making the employer responsible for collection of income tax at the source.

    Thus, IT assessment for individuals can be eliminated. The same practice can also be extended to consultants, retainers and other professionals being hired by organizations.

    Thus paperwork, paper consumption and forests can be saved.

    Similarly, buyer must deduct Sales Tax at source for the goods bought by him. This system has numerous benefits and money flows directly from the source to the government without delay and loss.

    Moreover, we do not need several names, departments and ACTs like: income tax, sales tax, service tax, excise, gift tax, wealth tax, luxury tax, entertainment tax, entry tax, exit tax, turnover tax, corporate tax, property tax, pollution tax, road tax, building tax, toll tax, development tax, land tax, education tax, cess etc. since everything is a tax and everything is going to the government.

    Rename all these taxes as NATION BUILDING FUND (NBF) since it imparts patriotism in taxpayer and everyone feels proud in giving fund to the nation. This concept promotes national integration too. Since GDP is not available to the nation, let us concentrate on GNR (gross national revenue).

    Let us appreciate the fact that simple rules are easy to follow, easy to implement, easy to monitor and easy to amend. If rules are simple and easy, the commercial activity increases and revenue collection increases.

    Let us not discourage the commercial activity since it is the lifeline of the nation.

    A sale is a sale whether within the state or outside the state since it is a sale within India. A sale is a sale whether goods or services. A sale is a sale whether first sale or second sale or tenth sale.

    Services as an employee and services as a consultant / retainer cannot be two different things, hence put them on the same platform since employees and consultants are involved in selling their services.

    Hence sales tax, service tax and income tax can be merged into one and it can be called as Nation Building Fund (NBF). This NBF need not exceed 2% of the gross sale value of goods or services if all exemptions, concessions and computations are eliminated for which, exempt none from income tax, sales tax, service tax, excise duty etc.

    Most importantly, abolish all exemptions and concessions to EOUs, IT, BPO and Software units since all these units are making profits and utilizing infrastructure being provided by the nation.

    Deduct all taxes at source. Abolish tax returns and tax refunds. Abolish all computations and calculations associated with all taxes since these computations and calculations are not helping the nation in any manner, on the other hand, these computations are helping the tax evader. Let us introduce computationless taxing structure. Thus, collect only 2% tax on the gross sale value of goods or services.

    This concept increases national revenue by at least 400 per cent while drastically reducing paperwork, delays, corruption and tax evasion. It brings cheers to millions of employees, consultants, contractors, retailers, traders, merchants, entrepreneurs, industrialists, investors and businessmen. Thus there will be overall progress.

    NVSN Murthy
    Age: 57, Nationality: Indian, Profession: Independent Research Scientist.
    A temporary visitor on earth currently passing through Indian soil, a scientist by profession, a researcher by addiction, an economist by accident, a reformist by obligation to the society, an analyst by interest, a poor man by fate, a social worker by choice, a dedicated servant to human life, animal life and plant life by preference, an engineer by selection, a traveller towards death by birth, a philosopher by time, a practicing poet by nature, a messenger for peace.

  15. NVSN Murthy, Scientist and a temporary visitor on earth currently passing through Asian soil

    Commonsense and its scarcity

    Commonsense is the essence of kinks of knowledge available to human beings on earth. Therefore, commonsense has become the most uncommon commodity of our world ever since the birth of earth. Unfortunately this priceless commodity is becoming more and more uncommon day-by-day, therefore due to its unavailability, we seldom apply this priceless commodity to solve problems.

    Moreover, we prefer to design solutions that are more complex than the actual problem since it is profitable to us, finally, with vested interests we post a feeling that living with the problem is better than solving the problem.

    Lastly – for reasons best known to all, we cleverly hide a fact that the best solution will be the simplest even for the most complicated problem of our world, since we are living in a politically polluted world, we need to understand and digest these naked facts since these facts are nothing but absolute truths.

    NVSN Murthy
    Independent Research Scientist.

    A temporary visitor on earth currently passing through Indian soil, a scientist by profession, a researcher by addiction, an economist by accident, a reformist by obligation to the society, an analyst by interest, a poor man by fate, a social worker by choice, a servant to human life, animal life and plant life by preference, an engineer by selection, a traveller towards death by birth, a philosopher by time, a practicing poet by nature, a messenger for peace.

  16. NVSN Murthy, Scientist and a temporary visitor on earth currently passing through Asian soil

    Measure-worthy elements of a person:

    Money, power, position, popularity, qualification, experience and age of a person are not measure-worthy since performance and contribution alone matters.

    Changes and Challenges of Life on earth:

    Only a change can change a change and change alone can challenge a change along with the inevitable uncertainties associated with very change. These are the real challenges of life for the present and future generations.

  17. NVSN Murthy, Scientist and a temporary visitor on earth currently passing through Asian soil

    Qualification seldom qualifies anyone for employment, percentage of marks does not mean merit, age does not mean maturity, experience does not mean knowledge and talent does not mean wisdom.

    Therefore, employers must develop tools to measure performance and creativity essential to assess usefulness and wage-worthiness.

    Employers ignoring these facts end up in recruiting non-contributors.

    NVSN Murthy, Scientist
    A temporary visitor on earth currently passing through Asian soil and attempting to promote new concepts and higher levels of competitiveness essential for effective development of people and nations of our mother planet earth.

  18. NVSN Murthy, Scientist

    Death means UNWILLINGNESS to change.

  19. annadhatha MK Rao, Age: 64, Economist & Reformist

    Nations ignoring Nori Economic Theory & Principles (Norinomics by India’s Global Scientist Nori Murthy) seldom prosper.

    By: Annadhatha MK Rao, Economist, Age: 64

  20. NVSN Murthy, Scientist & a passing visitor on earth currently passing through Asian soil

    Infy NR Narayana Murthy seldom did his best to become the best. He became the best because he did the best.

    This is the only secret of his success.

    NVSN Murthy, Scientist and a temporary visitor on earth.

  21. NVSN Murthy, Scientist & a passing visitor on earth currently passing through Asian soil

    Genuine leaders follow heroism and seldom choose beaten tracks since following is a fault, copying is a crime and imitating is an offence.

    NVSN Murthy, Research Scientist and a temporary visitor on earth currently passing through Asian soil.

  22. NVSN Murthy, Scientist & a passing visitor on earth currently passing through Asian soil

    Success seldom comes by following or copying or imitating. This analogy is true for individuals, institutions and nations.

    NVSN Murthy, Research Scientist and a temporary visitor on earth currently passing through Asian soil.

  23. NVSN Murthy, Scientist & a passing visitor on earth currently passing through Asian soil

    Neither individuals nor institutions nor nations become leaders by following or copying the other.

    Therefore, let us make our laws / rules / regulations / procedures relevant to our nation since the needs, problems, priorities and culture of different nations are different.

    NVSN Murthy, Research Scientist and a temporary visitor on earth currently passing through Asian soil.

  24. annadhatha MK Rao, Economist

    Our selfishness seldom permits us to work for a common cause like scientist NVSN Murthy.

    At least, let us be selfishness enough to adopt the priceless recommendations of our candle-like scientist NVSN Murthy for providing peace, progress and prosperity to individuals, institutions and nation.

    Annadhatha MK Rao, Economist, Age: 65

  25. annadhatha MK Rao, Economist

    Being a mathematician, John Nash took Nobel Laureate for his economic theory (Nash Equilibrium), whereas, Scientist NVSN Murthy has single-handedly propounded two theories (one in metallurgy i.e. Nori Hardenability Theory and one in economics i.e. Nori Economic Theory – Norinomics).

    Interestingly, there is no evidence that John Nash had propounded a theory in his mother field (mathematics) like Scientist NVSN Murthy who propounded a theory in his mother field (metallurgy) as well as in economics.
    Therefore, Scientist NVSN Murthy deserves two Nobel Laureates.

    The concerned authorities must look into the matter and do justice to this double-theory scientist of Indian origin. Neglecting Indians is improper.

    Annadhatha MK Rao, Economist, Age: 65

  26. I read his biogragphy in my institute (IIT madras) library. He strived a lot to survive and get niche place in the global competitive IT landscape. Being a entrepreneur his plans were first attracted by an venture capitalist named sudha narayana murthy she is none other than his wife. she gave 10000rupees to buy computers and now it became $100billion enterprise .that is the power of entrepreneurship and dream of an IIT ian. Today i am proud to be an IIT an. Hey not only IITian everyone with will and god’s grace will won. have a good business dudes.

  27. Annadhatha MK Rao, Economist

    Norinomics is the greatest philosophy ever propounded on earth ever since the birth of earth.

    Unfortunately, professional jealousy and politics are debarring scientist NVSN Murthy from awards and rewards even though Norinomics by scientist Nori Murthy is the greatest gift to the people and nations of our world.

    Nori Murthy had stuffed priceless and timeless philosophy in simple words and meticulously made it applicable to individuals, institutions and nations.

    Further, he made his universal philosophy (Norinomics) profitable, peace-ensuring, progress-causing, readily adoptable, praiseworthy, award-worthy and worship-worthy too.

    Thus, Nori Murthy certainly deserves institutional, national and international awards and rewards along with Nobel Laureate.

    …… Annadhatha MK Rao, Economist, Age: 64

  28. NVSN Murthy, Scientist & a passing visitor on earth

    Countries like India crippling under corruption, scams, scandals and vote-bank politics should come under people like NR Narayana Murthy so that people as many as 1300 million get benefited from transparency, clarity, fairness, discipline, sincerity, equality and equal opportunity.

  29. Will Infosys continue to evolve as Narayana Murthy has retired now.

    BTW!!It’s a great news that he is setting a VC fund.He is an icon not only in India but also his name creates waves on foreign shores.

  30. NVSN Murthy, Scientist

    Perplexity:

    Unlike mathematics, physics and chemistry – economy and economics are not universal subjects due to the fact that economy is a complex product of different elements which are significantly different for different regions of earth. Promoting a common platform for ensuring uniformity in understanding of this region-sensitive/nation-sensitive subject is a fundamental mistake. Also, its measurement or assessment for projections or comparisons is a bigger mistake. Thus, misunderstanding and misapprehensions are mounting day-by-day throughout the globe. Therefore, the international community must put-off this fire to control further damage. Until we sort-out this issue, we cannot bring economics into discussion.

  31. great work! really nice which stands as an icon for today’s youth.

  32. Observers maintain the item displays a new coherent approach, one
    thing thus low in your culture, that it’s not
    necessarily realised by simply all. Based on their experience,
    they could know how much is required before going into details.

    Any time you create new content or share new links on your website or blog,
    be sure to do so by diversifying all of the link and anchor
    text you implement, regardless of the market you represent or the industry you are working in.

    My web site Google

Leave a comment