INFOSYS

Murthy not satisfied with Infosys' present value system: experts

INDIA-BUSINESS-INFOSYS Murthy has expressed his concern about certain board decisions and the high pay package to CEO Dr. Vishal Sikka | AFP (File photo)

The recent views expressed by Infosys founder N.R. Narayana Murthy that he regrets quitting Infosys indicates that he may not be satisfied with its present value system. Murthy had seen the company grow from scratch to become the jewel of the Indian IT industry. Time and again, Murthy has expressed his concern about certain board decisions and the high pay package to its CEO Dr. Vishal Sikka.

“The values which Murthy, as the founder of Infosys, had inculcated have changed now. There has been a deviation in the company's present inherent value system that were there when Murthy was at the helm of affairs,” Alok Shende of the Mumbai based Ascentius Consulting told THE WEEK. “It is very difficult to create a company the size of Infosys, and when the Infosys board and CEO do not function the way Murthy and other founders want, there are bound to be differences. Though market conditions are different from what they were when Murthy was there, Sikka's performance cannot be termed as exceptional as he has taken many decisions that have not gone down well with Murthy and other Infosys founders.”

Experts such as Prasanna Kumar, the CEO of Bengaluru based HR firm Bellfast Management Private Limited, is of the view that most of the companies in India are driven by entrepreneurs who have a vision for that company. “Any organisation gets disturbed or shaken if its founder leaves the company. Murthy had a clear road map for Infosys and was a proven head of the organisation. He may not be satisfied with the vision of the present CEO and the board,” said Kumar.

Kris Lakshmikanth, the founder of Head Hunters India Limited, feels that even if Murthy wants to come back to Infosys, he will not get a chance as he is now over 70. “I feel that he is a shareholder himself and he keeps giving statements and questioning the functioning of the company as he may want more dividends. Moreover, when he was there, Infosys had a monopoly in the market, but today, the market conditions are very different and the market is tough,” said Lakshmikanth. 

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