The office will now be dissolved and Murthy junior will exit the Bangalore-based company.
Infosys was set up in 1981 by Murthy and his friends including S Gopalakrishnan, Nandan Nilekani and SD Shibulal with a few hundred dollars. Since then, the company has grown to become an over $8 billion entity and till a few quarters ago, was considered the IT bellwether in India.
Known to be a humble person,
Narayan Murthy remained at the helm of Infosys for two decades after its inception.
Murthy, often referred to as the father of India's booming IT sector, served as
Infosys executive chairman from 2002-2006.
Awarded with the Padma Vibhushan, the country's second-highest civilian honour, Murthy did his masters programme in electrical engineering from the Indian Institute of Technology in Kanpur.
Also read: Nifty gains 23 pts on select buying; Infosys hogs limelight Apart from juggling responsibilities at Infosys and his venture capital initiative Catamaran Investment, Murthy served on the boards of entities including HSBC, Ford Foundation, Cornell University and Wharton School.
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