Business / Infosys Co-Founder NR Narayana Murthy Awarded With Global Indian Award

Infosys Co-Founder NR Narayana Murthy Awarded With Global Indian Award

Business Apr 28, 2014

by Anokhi Admin

Infosys Co-founder and Executive Chairman N. R. Narayana Murthy was honoured by the Canada India Foundation with the prestigious 'Chanchlani Global Indian Award’ in Toronto on April 26. The award was given due to his remarkable vision and outstanding leadership in the IT sector.

Narayana Murthy co-founded Infosys in 1981 with six other engineers and an initial capital of $250. Described as Father of Indian IT sector by Time magazine (due to his contribution to outsourcing in India), Murthy has also been honoured in the past with the Padma Vibhushan and Padma Shri awards.

The elite gathering included top Canadian politician and corporate executives. Canadian Immigration Minister Chris Alexander, Canadian Sports Minister Bal Gosal, High Commissioner of India in Canada Nirmal Verma and the Chairman of Canada India Foundation, Lucky Lakshmanan.

Governor General David Johnston, Prime Minister Stephen Harper, Ontario Premier Kathleen Wynne and Co-chair of the ‘Canada-India Parliamentary Friendship Group’ Patrick Brown applauded Murthy’s work for last 33 years since he co-founded Infosys.

Mr. Murthy with the CIF members

Murthy, who pioneered IT industry globally, stressed on the need for “Compassionate Capitalism.” He said, "Capitalism today seems increasingly dysfunctional and alienating. Even for the vast majority in the developed world, it seems to fundamentally conflict with humanity's non-economic values. We (the MNCs) have not made significant progress in enhancing social capital in the world. Trust, concern for the less fortunate, honesty and fairness. We have the responsibility to repair this situation.”

Murthy urged the importance of building a world where an increase of wealth is created while keeping the human dignity intact. He stressed the need to practice compassionate capitalism – bringing the power of capitalism to the benefit of the larger masses.

Reminding the MNCs that businesses could not succeed in the societies that fail, Murthy said, "There is an urgent need to create companies which want to make a difference to the context through society-oriented and charitable activities."

High Commissioner Verma emphasized in his address, the need for the "4 Ps" for Canadian corporates to successfully do business with India. Those were: patience, perseverance, price and presence. He also stressed upon the profusion of technical talent available in India at a fraction of the cost. A professional with a similar profile abroad would help in bringing down production costs considerably.

Canadian Finance Minister Joe Oliver presented the award, which comprised of a trophy and a cash prize of USD 50,000 that was donated to a charity of Mr. Murthy’s choice. Past recipients of this award include Deepak Chopra, Tulsi Tanti, Sam Pitroda and Ratan Tata.

ANOKHI MEDIA's Online Blog Editor Swati Bhatt Vyas caught up with Mr. Murthy before the gala event for an exclusive one-on-one interview. Stay tuned for his take on the Indian economy, outsourcing and life as a global icon to be published in the summer issue.

_{All images courtesy of Reena Deon}

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Infosys Co-Founder NR Narayana Murthy Awarded With Global Indian Award

by Anokhi Admin

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