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Infy's Murthy bids adieu to shareholders

Last Updated 11 June 2011, 20:04 IST

Indicating how personally painful the departure has been, he said separation from Infosys was like a daughter leaving her parent’s home after marriage. However, as parents will be around to help when the daughter needs them, he will always be available to advise the company. 

The iconic entrepreneur will exit from the company on August 20, when he turns 65, making way for well known banker K V Kamath. Murthy will continue as the chairman emeritus after retirement though without any responsibilities.  Presiding over his last annual general body meeting, addressing around 1,000 Infy shareholders, Murthy said, “I have been the number one actor in every major decision in the company so far and I have rejoiced every significant milestone of the company.”

Murthy started Infosys in 1981 with five close friends and Rs 10,000 and transformed it into a $6 billion exporter over the next three decades. 

In the course of his farewell speech, Murthy received st­anding ovation several times from the shareholders. Perh­a­ps humbled by the acclaim, Murthy described himself as an average guy with “many below-average attributes.”

“As I close, I thank god, this country, this world, family, relatives and friends for helping me—an average person with many below-average attributes—to add whatever little value I have to this country and to the world,” he said. Mo­ved by his speech, a sh­are­h­ol­der described Mu­rt­hy as an em­bodiment of high stand­a­rds of ethics in the Indian corporate world. A few sh­a­r­eh­ol­ders broke into a song in Mu­rthy’s honour and offer­ed him small gifts as a token of their love.

Murthy’s wife Sudha, son Ro­han and daughter-in-law Lakshmi were present to witness him bidding goodbye to the shareholders. Rohan and Lakshmi, who got married just last week in Chennai, are incidentally hosting a reception on Sunday in Bangalore. Murthy may have just bid ad­ieu to a “daughter”, but he has reasons to cheer as a daughter-in-law is stepping into his life.

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(Published 11 June 2011, 20:02 IST)

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