Chairman of Infosys Technologies N.R. Narayana Murthy stepped down on Sunday after 25 years at the helm of the firm he co-founded with six other software engineers and built into India’s second-largest software company.
Riding a global outsourcing boom, it has grown into an international company with annual revenues of more than $2 billion and market capitalisation of $21 billion.
In December 2005, Narayana was voted as the 8th most admired CEO/Chairman in the world in a global study conducted by Burson-Marsteller with the Economist Intelligence Unit.
In May 2006, Narayana Murthy has, for the fifth year running, emerged the most admired business leader of India in a study conducted by Brand-comm, a leading Brand Consulting, Advertising and PR firm.
Narayana, however, will continue as non-executive chairman and mentor.
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