'My role as chairman of the board concludes on August 20, 2011, the day I reach the age of 65. This is in keeping with the policy I laid down in 1981,' Murthy told about 1,000 shareholders who listened to him as he went down the memory lane.
Indian IT bellwether Infosys’ founding chairman and chief mentor NR Narayana Murthy turned nostalgic on Saturday as he presided for the last time over the blue chip company’s 30th annual general meeting (AGM).
“My role as chairman of the board concludes on August 20, 2011, the day I reach the age of 65. This is in keeping with the policy I laid down in 1981,” Murthy told about 1,000 shareholders who listened to him as he went down the memory lane.
“It is not easy for me to deliver my last address at this forum. As I speak, a mosaic of images from the past whiz through my mind. The list seems endless and it would be difficult to narrate them all today,” Murthy said, evoking a thunderous applause from the investors at the Christ College auditorium.
Noting that his three decades long journey with the company had been an integral part of his life, Murthy said he had been the number one actor in every major decision taken so far.
“I have rejoiced at every significant milestone of the company. I have commiserated in every false step that was taken. The best analogy that I can think of for this separation is that of one’s daughter getting married and leaving her parent’s home.”
“Yes, the parents will be there when she needs them and they will be happy that she is starting a new life in an exciting new environment,” Murthy recalled.
Commenting on the global software major’s resilient performance in fiscal 2010-11, Murthy said the year under review was of determined performance, recovery, consolidation and new explorations for the management and its employees worldwide.
“The global economic climate posted several challenges but we made the best use of our resources and abilities for growth.
Though we projected a revenue growth of 9-11 percent at the beginning of the fiscal (FY 2011) in rupee terms, we achieved a growth of 21% ($6.4 billion) and a net income of 14% ($1.5 billion),” Murthy said.
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