Thirty-three years after starting Infosys, when founders NR Narayana Murthy and S Gopalakrishnan bade farewell to the over $8 billion IT firm last Wednesday, it was marked the end of an era for the software giant, which was started by seven engineers.
With their exits, all of the seven founding members of Infosys had bid goodbye to India’s third-largest IT firm.
Corporate and industry leaders have since praised the founders for their professional approach towards relinquishing power.
The latest to join them is ex-Infosys CFO and HR head Mohandas Pai, currently the chairman of venture capital fund Aarin Capital Partners.
Wishing the founders good luck ahead, Pai said in a letter to them: “For the first time a group of founders who created India’s most iconic company and ran it for 33 years stepped down from the board and put in place a new management team to take the company forward”
Stressing on their middle-class background, Pai said: “These were no ordinary folks. They were from the educated middle class, without family wealth... who became role models for a country of 1.25 billion-plus people.”
Hailing Infosys as the poster child of liberalisation, the former Infy executive said that the company was an answer to the great Indian middle-class dream and always followed the standards set by its founders. “It was a company based on the notion that merit shall prevail and of which they could always be proud.”
“A new standard has being set, again in the Infosys tradition of being the leader,” he wrote in the letter.