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The End of an Era...

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CIOL Bureau
New Update

March 31, 2002, in many ways and for many people, is the end of an era and the beginning of a new one. On that day, Narayana NR Murthy, who has guided one of India’s best-known software companies through its birth, adolescence and maturity, stepped aside and Nandan Nilekani took over as chief executive officer of Infosys Technologies, a company he co-founded as a youngster in 1981.



"I have not moved out," Murthy said three months ago, when he made clear his decision to step down at the end of the financial year. "I have just moved aside for younger people to take over when they still have the energy and the ambition left in them." Murthy now becomes ‘Chief Mentor’ of the company, much in the style of Bill Gates at Microsoft, and hopes to play a similar ambassadorial role. Nilekani, meanwhile, moves up from the position of chief operating officer, to CEO.

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