Tag: Narayana Murthy

  • Sudha Murty: Inspiring Journey of Philanthropy and Success

    Mother Teresa, Kalpana Chawla, Sarojini Naidu, and many other women have been the epitome of inspiration to Indian society. Today women have uplifted society and their contribution to our nation has been inseparable from the history of our success. There is one such woman whose contribution to the people of our country has been remarkable. She is Sudha Murty

    A prolific writer who is known for her simplicity. Sudha has been greatly revered for her writings, her philanthropy, and her impact on society. She has been dynamic, revolutionary, strong, and obedient.

    In this StartupTalky story, let us learn about Sudha Murty’s success story, early life and childhood, life history, personal life, education, philanthropy, achievements, writings and books, and more. 

    Sudha Murty Biography

    Name Sudha Murty
    Birthplace Shiggaon, India
    Born 19 August 1950
    Nationality Indian
    Education BE in Electrical and Electronics Engineering, B. V. B. College of Engineering and Technology
    ME in Computer Science, Indian Institute of Science
    Position Chairperson, Infosys Foundation
    Spouse N. R. Narayana Murty

    Sudha Murty – Early Life
    Sudha Murty – Education
    Sudha Murty – Career
    Sudha Murty – Personal Life
    Sudha Murty – Social Work
    Sudha Murty – Writings and Books
    Sudha Murty – Awards and Achievements
    Sudha Murty – Quotes

    Sudha Murthy Life Story

    Sudha Murty – Early Life

    Sudha Murty was born in Shiggaon, Karnataka to her parents Dr. R. H. Kulkarni and Vimla Kulkarni. Her father was a surgeon and his brother Srinivas Kulkarni is a renowned astronomer. He also received the Dan David Prize in the year 2017.

    Sudha’s mother always supported her children to achieve high endeavors. It was the family of Sudha Murty who instilled in her the passion to make enormous achievements and achieve extraordinary things in life.

    Sudha Murty – Education

    She completed her graduation from B.V.B College of Engineering and Technology. She opted for a Bachelor of Engineering in Electrical Engineering and obtained the first rank for which she got a gold medal from Sri Devaraj Urs, former Chief Minister of Karnataka. After completing graduation she joined the Indian Institute of Science to pursue a Masters in Engineering in Computer Science.

    Sudha Murty – Career

    It was after Sudha completed her studies, that she was hired at Tata Engineering and Locomotive Company (TELCO) which is now known as Tata Motors. Sudha Murty was the first female engineer in India who was hired by India’s largest auto manufacturer. She had written to the chairman of TELCO and complained that there were gender biases in the company. Hearing about this, she was called for a special interview.

    Sudha has also worked as a senior system analyst in Walchand Group of Industries in Pune where she lived for seven years (1974 – 1981). Her husband, Narayan Murty was a Research Assistant when he started his career.

    While they planned to move to Mumbai in 1981, Narayan shared his dream of creating a software company that could be the biggest venture in the country in the technology industry.

    Sudha supported Narayan Murty in every possible way and also shared Rs. 10,000 which was her sole savings. She was the strongest pillar of Infosys and the career of Narayan Murty in those days.

    For a few years, both Sudha Murty and Narayan Murty worked together for Infosys, but they were compromising on their family life. That is when Sudha decided to continue her role as a homemaker.

    Sudha also started Infosys Foundation in the year 1996 and continued to be the trustee of the company. She has built 2300 houses with the help of this foundation in the areas which were affected by floods. Also, she helps the society where there are problems of poverty, public hygiene, healthcare, education, and art and culture. Her foundation has built more than 70,000 libraries in schools and 16,000 toilets.


    Best Must-Read Books by Sudha Murty
    Discover the best must-read books by Sudha Murty, including inspiring stories, heartwarming anecdotes, and timeless tales like Wise and Otherwise, Mahashweta, and Grandma’s Bag of Stories. Perfect for all ages!


    Sudha Murty – Personal Life

    While Sudha was working in TELCO, Pune, she met Mr. Narayana Murty and got married to him. Rohan and Akshata are their kids. She is known for her social and philanthropic contribution and also her excellent service to literature in English and Kannada language.

    Sudha Murty was also fond of acting. Based on her novel Rhun, she made her debut in a Marathi Film named Pitruroon. She is very fond of movies and says that she watches 265 movies in a year. She also mentioned in one of the interviews that if she had not chosen Engineering she would have opted for the profession of a Film Journalist.

    In a recent TV Show, Sudha Murthy shared how she met Narayana Murthy.

    They met through a mutual friend, Prasanna, who was Narayana’s roommate. After knowing each other for four years, they got married in 1978. Over the years, they have supported each other’s work and values. Sudha said Narayana’s dedication and punctuality inspired her to become more focused and disciplined. They share a story of friendship, partnership, and mutual respect.

    Sudha Murthy, prefers traveling in economy class, even though her husband, Narayana Murthy, asks her to travel in business class.

    “I spend all money on philanthropy. He’ll tell me to buy business class tickets, but I say, ‘Why? I will reach the same destination, at the same time with an economy ticket too,” she said.

    While Sudha Murthy admits to not being a great cook, she is a celebrated author and an inspiring philanthropist.


    The Inspiring Journey of Narayana Murthy | Founder | Infosys | Success Story
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    Sudha Murty – Social Work

    Sudha is known for her philanthropic work. She has helped society in enormous ways. From public hygiene, and poverty alleviation to spreading awareness about rural education and women empowerment; she has worked for all. She aims and dreams about a clean India hence she works on building toilets for the public. She has also been very passionate about aiding the people with all necessary resources who suffer due to floods.

    Sudha has been working with the Gates Foundation for many years now. She thinks that education is the key to the nation’s well-being. She has helped many orphans by building orphanages, and kids with computers at schools too.

    Sudha Murty – Writings and Books

    Sudha Murty is a wonderful and well-renowned author. Her writings revolve around her life experiences, her realizing views, hospitality, and charity. Many of her Kannada Books were translated into English books and television series.

    When she was 29, she had her first book published for which she visited the USA, and dedicated her first book to her husband Narayana Murty. It was at the age of 50 when she started writing books in the English language. To date, she has scribbled many short stories, children’s books, fiction, novels, and a lot more.

    At the launch of her 300th book in September 2024, Grandpa’s Bag of Stories (Puffin), Sudha Murty shared a message for her younger self: “Writing is about the passion to express yourself, not borders or degrees. If you have that passion, you will write.”

    The book features 19 stories about four children traveling to Mayawati in Uttarakhand with their grandparents. Along the way, their grandfather shares tales of kings, princesses, and mermaids, teaching lessons of wisdom and kindness.

    Sudha Murty Books
    Sudha Murty Books

    Here are a few famous books written by Sudha Murty:

    Books in the Kannada language:

    • Dollar Sose
    • Runa
    • Kaveri inda Mekaangige
    • Hakkiya Teradalli
    • Athirikthe
    • Guttondu Heluve
    • Mahashweta
    • Tumla
    • Nooniya Sahasagalu
    • Samanyralli Asamanyaru
    • Compuer lokadalli

    Books in the English language:

    • The Mother I Never Knew
    • Three Thousand Stitches
    • The Man from the Egg
    • Here, There, Everywhere
    • Magic of the Lost Temple
    • How I Taught My Grandmother to Read and Other Stories
    • The Old Man And His God
    • Dollar Bahu
    • Wise and Otherwise
    • Mahashweta

    Sudha Murty – Awards and Achievements

    Sudha Murty has received many recognitions in her long career. She has been an inspiration to many and is the epitome of voluntary service.

    • Sudha Murty won Padma Shri in the year 2006, India’s fourth-highest civilian honor.
    • Cash Prize for securing the highest marks in SSLC. Sri Devaraj Urs, Chief Minister of Karnataka then honored her with a Gold Medal since Sudha secured the highest marks in the state in B.E.
    • Indian Institute of Engineers honored Sudha Murty with a gold medal for having secured the 1st Rank in MTech.
    • Sudha was honored with R.K. Narayana’s Award of Literature.
    • In the year 2000, she was awarded the ‘Ojaswini’ award for her excellent social work.
    • In the year 1995, she was awarded the Millenium Mahila Shiromani Award.
    • The Rotary Club of Karnataka gave her the award of Best Teacher.
    • At the Crossword-Raymond Books Awards, Sudha got the Lifetime Achievement Award.
    • She was awarded the Honorary Degree of Doctor of Science by IIT Kanpur.

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    Sudha Murty – Quotes

    💡
    ¨Life is an exam where the syllabus is unknown and question papers are not set. Nor are there model answer papers.¨
    💡
    Money is one thing that rarely unites and mostly divides people.

    Conclusion

    Sudha Murty is a person who has worked towards her vision, as no one else. She has been consistent and determined in her work to change society for the greater good. Her writings and her philanthropic work have impacted many in society and inspired people to do good for others. Sudha Murthy’s life is an inspirational story for all of us!

    FAQ

    Who is Sudha Murthy?

    Sudha Murthy is an Indian author, philanthropist, and chairperson of the Infosys Foundation. She is known for her contributions to education, healthcare, and women’s empowerment, as well as her books in English and Kannada. She is married to Infosys co-founder N. R. Narayana Murthy.

    What is the net worth of Sudha Murthy?

    The net worth of Sudha Murty is approximately INR 775 crore.

    What is the age of Sudha Murthy?

    Sudha Murty was born on 19 August 1950 and is 73 years old.

    What is Sudha Murty education?

    Sudha Murty completed a B.Eng. in Electrical and Electronics Engineering from the B.V.B. College of Engineering & Technology.

  • Infosys Business Model – How Infosys Makes Money?

    Infosys is a leading multinational specializing in technology-driven solutions like business consulting, IT, and outsourcing services. Infosys enables businesses across various sectors to use end-to-end services, including digital transformation, AI, cloud computing, and cybersecurity.

    Infosys uses its expertise and technology to help organizations cut costs, improve operations, and reach their goals, making it a trusted global partner.

    This article will explore Infosys’s business and revenue models in depth, helping readers clearly understand the company’s growth trajectory.

    About Infosys
    Infosys Business Model
    How Infosys Makes Money | Infosys Revenue Model
    Value Proposition of Infosys
    Infosys SWOT Analysis

    About Infosys

    About Infosys
    Infosys Office

    Founded in 1981, Infosys is a global consulting and IT services company listed on the NYSE, with over 317,000 employees. Started with an initial capital of $250, it was registered as Infosys Consultants Private Limited on July 2, 1981. In 1983, the company relocated to Bangalore, Karnataka. In 1999, Infosys became the first Indian company listed on NASDAQ, gaining access to capital markets and boosting its growth.

    On August 24, 2021, Infosys became the fourth Indian company to achieve a $100 billion market capitalization. Recognized as one of India’s leading Big Tech companies, Infosys ranks as the second-largest Indian IT company by revenue and the third-largest by market capitalization as of March 31, 2024.


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    Infosys Business Model

    Infosys Strategies and Models
    Infosys Strategies and Models

    Infosys’s business model is all about providing innovative and personalized technology solutions for clients. The company offers a range of services, including application development, systems integration, consulting, and outsourcing.

    Clients typically begin their partnership with Infosys by outlining their specific needs and goals while collaborating with the company’s solution architects. Next, Infosys examines the client’s current IT setup to identify challenges and opportunities. After this, Infosys works with clients to develop customized solutions, which may involve creating new applications or integrating existing systems. 

    The company focuses on quality and efficiency through careful project management and industry best practices, ensuring that its solutions provide real value. Additionally, Infosys offers ongoing support, including troubleshooting and performance optimization, to help clients make the most of their technology investments. Infosys offers services like Infosys NIA, an AI platform, and Infosys Finacle, a banking solution, that supports sectors like finance, retail, and healthcare in driving digital transformation for clients.


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    How Infosys Makes Money | Infosys Revenue Model

    Infosys primarily earns revenue through fees for consulting, IT services, and outsourcing, making it a key partner for businesses in many industries. Additionally, Infosys licenses its software products and platforms, which diversifies its income and ensures a steady cash flow. This varied revenue model also reduces market risks, as long-term contracts and repeat business from loyal clients provide stable income. This allows Infosys to invest continuously in innovation and new capabilities.

    Process Improvement

    A major revenue driver for Infosys is Process Improvement. By using advanced technologies like automation, AI, and cloud computing, Infosys enhances both internal processes and client solutions. Regular performance benchmarking and continuous improvement create added value for clients and increase revenue by optimizing workflows and reducing costs.

    Workforce Efficiency

    Workforce Efficiency is also key. By shifting more work to offshore locations with skilled talent at lower costs, Infosys reduces expenses, improves margins, and offers competitive pricing. This model gives Infosys the flexibility to scale efficiently with project demands, boosting revenue.

    Knowledge Reuse

    Another strategy is Knowledge Reuse. Infosys’s experience and strong knowledge management allow it to reuse established solutions, reducing development time and expenses. This reuse maintains high service quality, fosters client trust, and promotes repeat business.

    Strategic Projects

    Strategic Projects through Centers of Excellence (CoEs) drive growth by focusing on high-impact projects that meet industry needs, creating revenue from innovative, large-scale initiatives.

    Software Services

    Finally, Software Services form 95% of Infosys’s revenue, with a skilled workforce delivering high-quality digital solutions. The Global Delivery Model also plays a key role, particularly in North America, where Infosys earns nearly two-thirds of its revenue.

    With its strong resources and capabilities, Infosys provides valuable solutions, strengthens its market position, and supports sustainable growth, making it a trusted IT partner worldwide.


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    Revenue of Infosys Limited worldwide from financial year 2014 to 2024

    Revenue of Infosys Limited worldwide from financial year 2014 to 2024
    Revenue of Infosys Limited worldwide from financial year 2014 to 2024

    Value Proposition of Infosys

    Infosys’ value proposition is distributed across 4 categories: 

    • For Enterprises: Infosys offers creative solutions that align with business goals, helping enterprises adapt to changing technologies and market demands while streamlining operations and enhancing customer experiences. 
    • For Government Organizations: Infosys provides expertise in navigating regulatory landscapes and ensuring data protection, improving operational efficiency and service delivery. 
    • For SMEs: Infosys delivers cost-effective solutions that boost productivity and engagement, enabling SMEs to compete with larger companies. 
    • For Startups: Infosys supports startups with industry knowledge and scalable resources to accelerate their growth. 
    • For Global System Integrators (GSIs): Collaborating with Infosys allows GSIs to leverage technical expertise and global delivery for innovative digital transformation solutions.

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    Infosys SWOT Analysis

    Infosys Strengths

    • Comprehensive Training Programs: Infosys provides extensive employee training and competency development, utilizing a mix of classroom, virtual, macro, and microlearning methods.
    • Wide Course Offering: The company offers approximately 1,500 continuous education courses, ensuring employees have access to a diverse range of learning opportunities.
    • Digital Transformation in Training: Infosys actively modernizes its training processes by leveraging digital platforms, enhancing the overall learning experience.
    • Industry Leadership in Employee Development: Recognized for its innovative training initiatives, Infosys is considered one of the best in the IT industry for employee training and skill enhancement.

    Infosys Weaknesses

    • Client Dependency Risks: Infosys relies heavily on North America for over 60% of its revenue, exposing the company to geopolitical and regulatory risks that can hinder growth.
    • Integration Challenges from Acquisitions: The company has struggled with integrating acquisitions due to cultural misalignment, leading to significant financial losses, such as the $90 million write-off from failed acquisitions like Panaya and Skava.

    Infosys Opportunities

    • Rapid Growth in IT Ecosystem: India’s IT industry is growing at 15.5% annually, outpacing the overall economic growth and presenting Infosys with significant opportunities, particularly in the software product sector, projected to reach a $1 trillion global market by 2025.
    • Rising Demand for Cloud Solutions: The public cloud services market in India is expected to grow at an impressive rate of 22.9% annually, with projections of reaching $17.8 billion by 2027, offering Infosys ample opportunities to provide cloud-native solutions and digital services.
    • Dominance in Outsourcing: As the leading outsourcing destination, India comprises 55% of the IT and Business Processing Management services market, with projected spending in the IT sector set to increase by over 11.1% to $138.6 billion in 2024, creating substantial growth prospects for Infosys.
    • Strategic Expansion and Acquisitions: Infosys’s size enables it to effectively acquire smaller competitors, leveraging past successful acquisitions to enhance its market position and drive further business growth.

    Infosys Threats

    • Cybersecurity Risks: With advancing technology, Infosys faces heightened threats from data breaches and cyberattacks.
    • Geopolitical and Economic Challenges: Geopolitical uncertainties and economic fluctuations, such as trade wars, currency volatility, and policy shifts, pose significant risks to Infosys’s cross-border operations and profitability.
    • High Employee Attrition: Infosys experiences a high attrition rate of 12.6%, one of the worst in the industry, resulting in increased recruitment and training costs as the company struggles to retain talent.
    • Intense Competition and Regulatory Hurdles: Operating in a competitive IT landscape with rivals like Accenture and IBM, Infosys faces pressure to innovate and manage costs.

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    Conclusion

    Infosys’s client-centric approach focuses on building long-term relationships through dedicated account management, enhancing satisfaction and loyalty. The company invests significantly in research and development to foster innovation and uses flexible pricing models to meet diverse client needs. By implementing a global delivery model, Infosys achieves operational efficiency, providing cost-effective, high-quality solutions that position it well in the dynamic technology landscape.

    FAQ

    What is the main source of income for Infosys?

    Software Services form 95% of Infosys’s revenue, with a skilled workforce delivering high-quality digital solutions. The Global Delivery Model also plays a key role, particularly in North America, where Infosys earns nearly two-thirds of its revenue.

    What is the main business of Infosys?

    Infosys primarily offers IT services and consulting, specializing in digital transformation, software development, and technology solutions for businesses worldwide.

    Who are Infosys biggest clients?

    Infosys’ biggest clients include:

    1. Google
    2. Microsoft
    3. Bank of America
    4. Goldman Sachs
    5. Johnson & Johnson
  • Nandan Nilekani Journey: From Infosys to Aadhaar

    We all must have heard about the multinational company, “Infosys.” With more than forty years of expertise in managing the systems and operations of multinational organizations, Infosys effectively guides its customers through their digital transformation journey.

    India is frequently referred to as the globe’s IT hub, and the credit for this goes to a few jewels. Nandan Nilekani, the co-founder of Infosys, is one of them. He is the guy behind India’s “Aadhar Cards,” which have been used to register 131.68 crore individuals to date. He was the driving force behind India’s IT boom, beginning in 1978 when companies like Microsoft didn’t even exist.

    He is a legend and an inspiration to the educated Indian middle class, who perceive him as a guy who has risen to exceptional levels in life only through hard work. After watching his father’s repeated work migrations and following migrations in his early days, he aspired to be an independent entrepreneur.

    After acquiring an education from the IIT, where he learned to work hard and perform as part of a team, he was transformed from a small-town youngster to a confident and mature young man. He also grasped the necessity of giving back to society, which is an essential aspect of his persona that hasn’t changed over the years.

    Read this article further, to know about the history and journey of Nandan Nilekani, starting from his early life, education, net worth, family, and more.

    Nandan Nilekani – Biography

    Name Nandan Nilekani
    Born 2 June, 1955
    Nationality Indian
    Spouse Rohini Nilekani
    Education St Joseph’s High school Dharwad, IIT Bombay (BTech)
    Occupation Non-Executive Chairman of Infosys
    Net worth $3.4 billion (September 2024)

    Nandan Nilekani – Early Life and Education
    Nandan Nilekani – Family
    Nandan Nilekani – Career
    Nandan Nilekani – Investments
    Nandan Nilekani – Books
    Nandan Nilekani – Awards and Recognitions

    Nandan Nilekani – Early Life and Education

    Nandan Nilekani was born in Bangalore, Karnataka, on June 2, 1955. His parents, Durga and Mohan Rao Nilekani are from Sirsi, a small town in the Northern Karnataka region. Konkani is his first language. In addition to Konkani, he is fluent in Kannada, English, Marathi, and Hindi.

    Nilekani attended Bishop Cotton Boys’ School and St. Joseph’s High School in Dharwad, Karnataka PU College Dharwad, and graduated from the Indian Institute of Technology Bombay in Mumbai with a bachelor’s degree in electrical engineering.

    Nandan Nilekani – Family

    Nandan Nilekani’s father’s and mother’s names are Mohan Rao Nilekani and Durga Rao Nilekani, respectively. His father was the general manager of Mysore and Minerva Mills, and he believed in Fabian Socialist ideas, which impacted Nilekani as a child. Vijay Nilekani, Nilekani’s older brother, works at the Nuclear Energy Institute in the United States.

    Nilekani married Rohini Nilekani, whom he met during an IIT quiz contest. Nihar and Janhavi are their two children, both of whom have graduated from Yale University with a bachelor’s degree.

    Nandan Nilekani with his Wife Rohini Nilekani
    Nandan Nilekani with his Wife Rohini Nilekani

    Nandan Nilekani – Career

    Information Technology and Infosys

    Company Logo of Infosys
    Company Logo of Infosys

    He began his career in 1978 at Patni Computer Systems in Mumbai, when he met and was interviewed by N.R. Narayana Murthy. Nilekani, Murthy, and five of his other Patni colleagues resigned in 1981 to establish Infosys. Nilekani became the Chief Executive Officer of Infosys in March 2002 and held the position until April 2007, when he passed over the reigns to his colleague Kris Gopalakrishnan and became co-chairman of the executive board. Nilekani held many positions before becoming CEO in 2002, including managing director, chief operating officer, and president.

    From March 2002 to April 2007, he was the company’s CEO. Infosys’ revenue grew exponentially during his five-year term as CEO. He returned to Infosys in 2017 when CEO Vishal Sikka left to become chairman. Upon his return, he relocated the company’s power center from California to Bengaluru.


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    Bureaucracy

    Nilekani left Infosys in July 2009 to become the chairman of the Unique Identification Authority of India, which he accepted at the request of then Prime Minister Dr Manmohan Singh. As the head of the UIDAI, he was in charge of implementing the Multipurpose National Identity Card, or Unique Identity Card program in India.

    This effort intends to equip every Indian inhabitant with a unique identity number, which will be used largely to effectively deliver social benefits. The means of identification was biometric, and the effort to construct a government database of India’s entire population has been dubbed “the world’s largest social enterprise.”

    They created Aadhaar, an Indian biometric ID system that includes a database of population information and home locations for Indians. In April 2017, 1.14 billion Indians received their national identification number. Aadhaar was dubbed “the most advanced ID scheme in the world” by World Bank Chief Economist Paul Romer in 2016. This software has been chastised for invading people’s privacy and disclosing sensitive data.

    He is the president of NCAER and a member of the ICRIER, which stands for, the Indian Council for Research on International Economic Relations’ Board of Governors. He also belongs to the Bombay Heritage Fund and the World Economic Forum Foundation’s advisory boards.

    Nilekani, to promote his book Imagining India: The Idea of a Renewed Nation, has been on The Daily Show with Jon Stewart. He also gave a TED talk about his vision for India’s future in 2009.

    NASSCOM

    NASSCOM was founded by Harish Mehta, Ashank Desai, Nandan Nilekani, Shiv Nadar, and Narayana Murthy. The National Association of Software and Service Companies (NASSCOM) is an Indian non-governmental trade association and advocacy group focused on advancing the country’s technology industry. Established in 1988, NASSCOM operates as a nonprofit organization, playing a crucial role in shaping and supporting the Indian tech sector.

    EkStep

    EkStep is a non-profit literacy and numeracy platform. Nilekani is the chairman of EkStep. EkStep, which was founded by the Nilekani with an initial investment of $10 million (about INR 65 crore), aims to solve the ‘learning problem’ by developing a technology-driven platform to assist youngsters in enhancing their ‘learning outcomes’ from a young age. EkStep plans to achieve so through gamified applications available on the Google Play Store.

    Politics

    In March 2014, Nilekani joined the Indian National Congress and contested the Bangalore South Lok Sabha seat election. He lost by 228,575 votes versus Bhartiya Janta Party’s candidate Ananth Kumar. He joined a committee in December 2016 to look at how consumers in India may make better use of digital payments.

    NCAER

    Nilekani is the president of the NCAER, which stands for, National Council of Applied Economic Research. NCAER is India’s oldest and biggest non-profit economic research think tank, situated in New Delhi. NCAER, which was launched in 1956, conducts sponsored research and independent economic policy research projects for governments and businesses.

    Its research spans practically every aspect of economics, from forecasting to poverty studies. NCAER is one of only a few think tanks in the world that collects primary survey data from homes, businesses, customers, and individuals on a scientific, nationwide scale. The NCAER’s social and economic data sets are frequently utilized in Indian research and analysis.


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    Nandan Nilekani – Investments

    Nandan Nilekani has made around 20 personal investments to date, which are as follows :

    Date Organization Name Round Amount
    Mar 13, 2020 Juggernaut Series A $672K
    Feb 24, 2020 RailYatri Series B $14.3M
    Feb 24, 2020 IntrCity Series B $14.3M
    Sep 26, 2018 PharmEasy Series C $50M
    Apr 27, 2018 IntrCity Series B $8M
    Apr 27, 2018 RailYatri Series B $8M
    Sep 19, 2017 Power2SME Series E $26M
    Jul 11, 2017 ThePrint Venture Round ₹450M
    Jul 1, 2017 Felis Creations Angel Round ₹5.5M
    Dec 26, 2016 ShopX Venture Round $5M
    Oct 19, 2016 IntrCity Venture Round $3M

    Nandan Nilekani – Books

    • Imagining India: The Idea of a Renewed Nation
    • Rebooting India: Realizing a Billion Aspirations

    Nilekani co-authored his third book with Tanuj Bhojwani, “The Art of Bitfulness: Keeping calm in the digital world” which was released in January 2022.


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    Nandan Nilekani – Awards, and Recognitions

    Year Awards/Recognition
    2019 Doctor of Science (Honoris Causa) by IIT Bombay during the Institute’s 57th Convocation
    2017 Lifetime Achievement Award from E & Y, CNBC- TV 18 conferred India Business leader award for the outstanding contributor to the Indian Economy-2017, and India Today magazine ranked him 12th in India’s 50 most powerful people of 2017 list
    2011 NDTV Indian of the Year’s Transformational Idea of the Year Award, and Doctor of Law degree by the Rotman School of Management at the University of Toronto
    2009 ‘Legend in Leadership Award’ by the Yale University, and the Time magazine placed Nilekani in the Time 100 list of ‘World’s Most Influential People’
    2006 Padma Bhushan, and Businessman of the Year by Forbes Asia
    2005 Joseph Schumpeter Prize for innovative services in the economy, economic sciences and politics
    2004 Corporate Citizen of the Year at the Asia Business Leaders Award (2004) organised by CNBC

    FAQs

    Is Nandan Nikaleni still with Infosys?

    Nandan Nikaleni is the Non-executive chairman of Infosys.

    What is the net worth of Nandan Nikaleni?

    The net worth of Nandan Nikaleni is $3.4 billion (September 2024).

    What are Nandan Nilekani’s education qualifications?

    Nandan Nilekani is a graduate of the Indian Institute of Technology Bombay in Mumbai with a bachelor’s degree in electrical engineering.

    What is Nandan Nilekani age?

    The age of Nandan Nilekani is 69 years, he was born on June 2, 1955.

  • The Global Delivery Model (GDM) of Infosys Explained

    Infosys is one of the global leaders with its presence in over 50 countries and around 130 development centers in the world. There are over 3,14,000 employees in the organization with over 200 offices spread across the globe. It is also a globally certified, top employer. Headquartered in Bengaluru, the IT Services and consulting company has become the 2nd most valuable Indian brand. The company manages thousands of projects with excellence. Let us get insights into how Infosys sources its skill power to several locations around the globe and manages its project to create value for its clients.

    Infosys – The Startup
    Milestones Achieved by Infosys
    Infosys Business Model
    Infosys Global Delivery Model
    Infosys Partnership Strategy
    Infosys Global Presence
    Infosys Acquisition
    Revenue Generation Model of Infosys

    Infosys – The Startup

    The founder of Infosys is N.R. Narayana Murthy. He started the company in 1981 with only 10,000 rupees in his hand, borrowed from his family and six of his co-workers from his previous workplace.

    • The company managed without having a computer booth for two years.
    • It took them the same two years to get the computer that Mr. Murthy wanted.
    • The company could not afford to import data initially.
    • One might assume that being one of the company’s founders, the first employee at Infosys was Mr. Narayan Murthy. However, it was not Mr. Murthy but N. S. Raghavan who was the first employee.
    • The company was on the brink of collapsing after eight years. When one of their founders, Mr. Ashok Arora, left the company in 1989 and handed over the responsibilities to Mr. Murthy.

    Milestones Achieved by Infosys

    Infosys has achieved many heights till now, some of which are:

    • Infosys became the first Indian I.T. company to get listed on NASDAQ (National Association of Securities Dealers Automated Quotations)
    • While the world was still trying to overcome the biggest financial scam of 1992, Infosys finally became public in 1993. Its IPO was 13% subscribed.
    • It has received the 2021 Frost and Sullivan Strategy Leadership Award.
    • The company took a step towards changing its headquarters from Pune to Bangalore in 1983, precisely because Bangalore city was meant to be known as the hub of I.T.
    • It was made public in the year 1993, opening the first Iraq-based sales, and won contracts for developing mission-critical software for very high-profile companies like Nordstrom and Nortel; from 1990 to 2001, revenue grew at over 80% per year.
    • In 1999, Infosys hired its 300th employee and became the first Indian-registered company listed on the Nasdaq. Its revenue that year reached 100 million US dollars.
    • The company now has its presence in over 50 countries, with over four decades of experience in managing the systems and workings of global enterprises.
    • Infosys has an arsenal of 260k+ employees and 1,659 trusted clients.

    Infosys Business Model

    A business model is a company’s core strategy for profitably doing business. It includes information like products or services the business plans to sell, its target markets, and any expected expenses. Since its inception, Infosys has been the face of the Indian IT sector. Its business model caters to two categories: IT Consulting and IT Services.


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    Infosys Global Delivery Model

    In its initial years, Infosys focused primarily on international markets, such as the US and UK. The Global Delivery Model (GDM) was its primary business model. During the 1990s, Infosys concentrated on a few sectors, such as banking and finance, and manufacturing. Infosys’ exponential growth is because they charge a lower premium than companies like Accenture and IBM.

    Consistent growth is very necessary for any business to maintain its existence. By increasing its per capita revenue, visibility in the business, client portfolio, and changing its investment strategies, Infosys has maintained a consistent growth record.

    Infosys Partnership Strategy

    Infosys created a unique system that transforms its clients into partners. Their long-term success has been greatly enhanced by this partnership strategy. The investments made by these partners have allowed them to make significant profits.

    Infosys Global Presence

    The company has built a network of branches across the globe, which allows its services to be provided in many countries. They have branches in the United States, India, Europe, China, Australia, Japan, and the Middle East. The company has 116 development centers, 84 sales and marketing offices, and 18 international offices.


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    Infosys Acquisition

    Infosys excels at spotting acquisition opportunities. Infosys has acquired several businesses that have helped it to grow. Among them are:

    • Expert Information Services (Australia, 2003),
    • McClish Systems (Australia, 2009),
    • Portland Group (Switzerland, 2012),
    • Skava (the USA, 2015),
    • Panaya (Israel, 2015) and
    • Brilliant Basics (the UK, 2017).

    Revenue Generation Model of Infosys

    Infosys Revenue
    Infosys Revenue

    Infosys’ revenue generation model is considered one of the top development systems in the IT industry. Among its revenue-generating activities are:

    • Enhancing Process – The incorporation of cutting-edge technologies and gathering data from external sources helps them save time and improve their efficiency against their competitors.
    • Increasing Profit MarginOutsourcing their work to offshore branches allows them to increase their profit margins.
    • Increasing Reuse – With years of experience, expertise in management systems, and their Knowledge Currency Units, Infosys has an advantage over its competitors.
    • Small Steps to Giant Leaps – A Center of Excellence in every business unit has enabled them to fund projects on broader scales.
    • Global Delivery Model – Infosys generates approximately two-thirds of its revenues from the North American market thanks to its strategic IT services and professional consulting.

    Conclusion

    Infosys has become one of the top companies in the I.T. industry. The key takeaways from the company’s success story are:

    • As a result of the inspiration of the founders, it is one of the most respected companies in the world.
    • Setbacks happen, but that does not mean you do not take risks and embrace change.
    • Choose a proper business model considering the nature of your business.
    • Keep yourself updated with cutting-edge technology to get an advantage over your competitors.
    • Having a global presence can help you reach more clients.
    • Have a strategy that works the best for you.

    The strategy to expand its services in different corners of the world, the acquisition opportunities, creating trust and value for its clients, and a proper profitable business model made the Company grow so huge. Infosys has amplified the potential and opportunities for people and businesses. It is among the most valued Indian companies leading the IT Service industry globally for years.

    FAQs

    When was Infosys founded?

    Infosys was founded in 1981 in Pune.

    Who is the founder of Infosys?

    N.R. Narayana Murthy is the founder of Infosys.

    Who is the CEO of Infosys?

    Salil Parekh is the CEO of Infosys since 2018.

    What is the revenue of Infosys?

    The global revenue of Infosys Limited amounted to about $13.56 billion in FY2021.

    What are the companies owned by Infosys?

    Some Companies owned by Infosys are:

    • EdgeVerve Systems Limited
    • Infosys Public Services Inc.
    • Infosys BPM Limited
    • Infosys Consulting Holding AG
    • Infosys Consulting Limited
    • Noah Consulting LLC
    • Panaya
    • Kallidus

    Who are the top competitors of Infosys?

    Top Competitors of Infosys are:

    • IBM
    • Globant
    • Deloitte
    • Accenture
    • Tata Consultancy Services
    • Wipro Ltd.
  • Amazon Cloudtail India: Why Did It Shut Down? | Is It Good News for Retailers?

    If you have ever tried to buy or sell products on Amazon, you must have come across this brand “Cloudtail India”. It used to be the largest seller on Amazon in India but has recently ceased its operation.

    This joint initiative of Amazon and Catamaran Venture was shut down on 19th May 2022 leading to the end of a seven-year-long partnership between the two well-recognized organizations.

    Before announcing the end of the partnership Amazon India announced a 100% acquisition of Cloudtail India. The employees earlier working for the joint venture has been given the option to continue at Amazon or take a voluntary exit.

    In this blog, we will discuss everything about Cloudtail India, how it worked and why this successful partnership was brought to an end with mutual agreement between the two parties.

    If you are associated with Amazon, either as a seller or a buyer, this is important for you. If you are asking “Why”, keep reading this blog till the end.

    What is Cloudtail India?
    How Did Cloudtail India Work?
    What Went Wrong With Cloudtail India?
    Is Shutting Down of Cloudtail India Good News for Retailers?

    What is Cloudtail India?

    Catamaran Venture is a venture capital firm i.e. it funds the startups or other organizations that require capital. The net worth of the company is around $ 127 million. It is headed by N.r. Narayana Murthy has made investments across high-growth sectors such as technology, eCommerce, healthcare, etc.

    Amazon started functioning in India in 2013. It was the time when the online market in India was least developed and Amazon had to work hard to get customers.

    For this reason, in 2014, Amazon India and Catamaran Venture initiated a joint venture under the name Prione Business Services. The basic objective of this venture was to bring more small retailers and businessmen online.

    This on one hand would help the retailers to expand their market and reach more customers and on the other hand, helped Amazon to earn a reputation and recognition in the country.

    Prione Business Services contributed quite a lot to advancing the online market in India. It provided support systems for the retailers or merchants by helping them with issues as small as listing or describing their products on Amazon.

    According to the statement, Prione enabled more than 300,000 sellers and entrepreneurs to establish their online market. Also, it helped 4 million merchants with digital payment capabilities.

    However, in the same year i.e. 2014, Prione also established its very own subsidiary company in India, under the name “Cloudtail India Pvt. Ltd.” which was engaged in the B2C retail business.

    Under Prione’s ownership, Cloudtail worked as an online retailer and by the end of 2020, it was selling over 30 lakh products under multiple categories such as fashion, apparel, appliances, media, consumables, etc. on Amazon.

    No doubt, Cloudtail India became the largest seller on Amazon leaving its other competitors behind with a great margin.

    How Did Cloudtail India Work?

    At present, Amazon has over four lakh sellers and more than two crore customers registered with it.

    The normal procedure for retailers to sell their products on Amazon includes registering themselves on the website. After this, the sellers list their products on the website with the price that also includes the profit share of Amazon.

    Generally, this profit share lies between 5-25% depending on the product category and price. This share includes commission, fixed fees, and other similar charges.

    As the seller has to earn profit by selling these products, some amount of profit share is included in the price of the product due to which the customer has to buy the product at slightly higher rates.

    The price of the product further increases as the vendor also has to pay delivery charges to Amazon which start from Rs. 82/- onwards. Moreover, these sellers also have to bear the promotion charges for their product which again adds to the price of the product. Therefore, the prices at which the customer has to buy the products of these brands are quite higher in comparison to what the seller would offer without including these charges.

    However, as Amazon had its own equity in Cloudtail India Pvt. Ltd. the company does not pay any commission to Amazon for listing or selling its products. There is no delivery or promotion fee included for any of the products sold by Cloudtail.

    Due to this the prices of the products obviously remain quite low in comparison to its competitors. This gave Cloudtail India an edge over other retailers.

    Moreover, being the parent company Amazon prioritizes the products sold by Cloudtail India by always listing them at the top of the page. This further increased the sale of products making Cloudtail India Pvt. Ltd. the biggest seller on Amazon.

    Amazon Cloudtail India Business Timeline
    Amazon Cloudtail India Business Timeline

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    What Went Wrong With Cloudtail India?

    As per the law, India prohibits Foreign Direct Investment (FDI) in inventory-based models for eCommerce. This means that the companies such as Amazon and Flipkart are only allowed to work as a marketplace.

    These companies are only permitted to provide platforms to other sellers or merchants or businesses to enlist their products and sell them but they cannot list their own products on the platform.

    Due to this legal concern, a number of objections were being raised by other retailers and merchants selling their goods on Amazon about the close partnership between Amazon and Catamaran Venture.

    In this regard, the Department of Industrial Policy and Promotion (DIPP) under the Ministry of Commerce and Industry issued a Press Note on 26th December 2018.

    This note clearly disallowed the participation of marketplaces in any type of seller activity even through any “Group companies”. This means that these platforms are not allowed to sell their own products on their platform as this would hamper the business of other small retailers.

    Here, Group Company meant two or more enterprises that directly or indirectly exercise 26% of the voting rights in another enterprise or appoint more than 50% of the board members in their entity.

    To abide by this law, Catamaran Ventures 2019 increased its stake in Cloudtail India from 51% to 76%. Thus, the stake of Amazon in the joint venture was reduced from earlier 49% to 24% later.

    Therefore, as Amazon now had only a 24% share in the joint venture, and the law spoke about 26% or more share, Cloudtail India Pvt. Ltd. could still sell products to Amazon without violating any law.

    Even after this, the small businessmen and other retailers or vendors on Amazon claimed that the parent company of Cloudtail India Pvt. Ltd., i.e. Prione Business Services was established with the intention to help small retailers and sellers to start their online businesses.

    However, as the online market has now gained enough popularity in the country, the target has been fulfilled and the company is no longer required.

    In 2019, Delhi Vyapar Mahasangh (DVM) submitted a plea with the Competition Commission of India (CCI) against Amazon and Flipkart.

    In this plea, they accused these marketplaces of abusing their market dominance and preferential listing and deep discounting on products sold by selected vendors in which they control indirect stakes.

    They alleged that these marketplaces were drawing indirect benefits from these brands indicating a conflict of interest. Due to this, the online market of small businesses is getting hampered as they are unable to efficiently reach their target customers.

    In this regard, the Director-General of the Competition Commission of India launched an inquiry for alleged violation of Section 3 of the Competition Act, in January 2020.

    To resolve this issue, Catamaran Venture and Amazon India first approached Karnataka High Court and later the honourable Supreme Court of India. However, both the courts stated that the companies should be open to such anti-trust investigations in their business practices.

    In the light of this statement, as well as the changing regulatory environment and unfavourable eCommerce operating guidelines, both the companies announced the end of their seven-year-long partnership.

    Hence, Cloudtail India was finally shut down.


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    Is Shutting Down of Cloudtail India Good News for Retailers?

    Honestly speaking, Yes. This decision will provide small businesses and other online retailers and vendors a level playing field. Strict regulatory rules were required in this field for a long time which have now been implemented.

    This will also reduce the monopoly of these marketplaces to endorse a few specific brands that bring more indirect profit to them.

    Overall, the small sellers will be benefitted who will now be able to sell their products in a healthy competitive environment.

    Conclusion

    With the partnership between Amazon and Catamaran Venture coming to an end, this is certainly an issue of concern for Amazon as it has invested around $ 1 billion in India.

    Also, the customers might have to buy the products at slightly higher prices as the subsidiary brand is no longer available to provide the products at the least rates.

    However, this will provide equal rights and symmetry to the small businessmen, sellers, vendors, etc. who will now have better opportunities to expand their online market.

    FAQs

    Is Cloudtail India owned by Amazon?

    No, Cloudtail India was a joint venture with Catamaran Ventures but Amazon has purchased a 76% stake in the company and now Cloudtail is a wholly-owned subsidiary of Amazon.

    Is Cloudtail India shutting down?

    Yes, Cloudtail India will shut down its operations on May 1.

    Who is the owner of Cloudtail India?

    Prione Business Services Private Limited was the owner of Cloudtail India.

    Why did Cloudtail India shut down?

    As per e-commerce regulations, online marketplaces cannot own any direct stake in seller entities which is the reason Cloudtail India has to shut down its operations.