Infosys is the second largest IT company in India (fact based on several reports). The company started before around 3 decades with the capital of INR 10000 (that is around USD 250). Its overwhelming success story is based on hard work, determination, vision and nobility. The then CEO of the company Mr. N. R. Narayan Murty (now the Chief Mentor) was interviewed at the Yale University by Nayan Chanda. We present here the interview with a vision that the genuineness and the words of wisdom will be path showing to the readers. The interview was recorded in 2006 (BTW: July 2, 2006 was the day when Infosys celebrated completion of 25 years in the field).
Of course there is a lot more there in the interview but here are some glimpses of the same. (Remember it is not word to word content from the interview, nor the country specific or business specific stuff is covered.)
- When God is shy to announce his presence, he comes in the form of chance.
- Seek respect from everyone. Do the right right things for that. Make sure to not to loose this path.
- Entrepreneurship is all about courage, thinking of a powerful idea and converting it into wealth.
- Globalization is sourcing capital from where it is cheapest, sourcing talent from where it is best available, producing where it is more cost effective and selling where markets are, though beyond the constraints of national boundaries.
- The economic reforms and welcomed globalization made companies to provide better (infrastructure, salary, product quality…) to attract good people, this healthy competition result into better businesses (in all aspects).
- Better infrastructure, more scalability, ability to work in multi cultural team, enhance the brand equity are the qualities needed to be successful MNC (or actually for any business).
- Business is all about bringing the better value for money.
- Price is what you pay, Value is what you get.
- People in glass houses should not throw stones at others.
- Just because the shoe pinches a little bit, One shouldn’t go back to return the same (or take U-Turn from his own words/vision).