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.
This is good news. More people might follow his steps , Azim Premji and others.
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
Was not aware of this.
It sounds good.
NR Narayana Murthy will surely do wonders again !
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,
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
Hey Sure Varun,
I would call you up.
Also here is my email id rajat.me@gmail.com
NR Narayana Murthy will surely do wonders again !
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.
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.
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