Bangalore: It is a known fact that the IT major Infosys will soon see its cherished mentor Narayan Murthy move out of the corridor. However, what's unknown was his plan after he moves out of the company and in a recent interview; he reveals his life after Infosys wherein he will be playing the role of an advisor in his venture fund. "I will be there very much more as an advisor. One of my children and Arjun (Arjun Ramegowda Narayanswamy, CEO of Catarman) will be the people who will take the leading role," Murthy told CNBC.
At Catarman, he will be more concerned about resurfacing the bottom of the pyramid of India. And so the venture fund is more likely to focus on the areas of consumer goods, distribution and micro finance. The Rs 600 crore venture fund's first investment in SKS Microfinance, an Indian microfinance institute is testimony to it.
He has his shares of inhibitions while parting with the company, yet he understands the need of youngsters being empowered within the company, and Murthy is ready to extend his support to any of them. Murthy's acknowledgement of the youngsters' independent empowerment is witnessed within his family, where he never forced his children to join his firm by offering a separate fast track platform. "My children are absolutely free to join Infosys in the normal manner and add value but I don't think they or any other children belonging to Infosys should be given a separate fast track kind of stuff," he ends with his belief. After almost 30 years of incessant efforts to drive Infosys from a small software development venture to a billion dollar firm which was the first Indian firm to be listed in NASDAQ, Murthy will retire from the Infosys board in August 2011, as he turns 65.
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