When Narayana Murthy's Job Application Was Rejected By Wipro

Imagine rejecting a job to someone who goes on to build a bigger rival company. Seems like a decision you would regret, right? This is exactly what happened with Wipro’s former chairman Azim Premji, who once rejected Narayana Murthy.?

When Azim Premji Rejected Narayana Murthy

Infosys co-founder Narayana Murthy recently recalled the moment Wipro's former chairman Azim Premji turned down his job application/ET

Infosys co-founder Narayana Murthy recently recalled the moment Wipro's former chairman and owner Azim Premji turned down his job application. Azim Premji had later admitted to Murthy that neglecting to hire him was a major mistake. "Azim once told me that one of the biggest mistakes he committed was not to hire me," Murthy revealed in a recent interview with CNBCTV18.

This rejection, as per Murthy, set the stage for the birth of Infosys, which went on to become Wipro’s rival.

Also Read:?Co-Founder Narayana Murthy On Why He Started?Infosys

Where Did Murthy Work Before Infosys?

Murthy was forced to close his first venture after it gained very little traction/Forbes

Infosys wasn’t Narayana Murthy’s first venture or job. Murthy began his career at IIM Ahmedabad as a research associate. Later, where he worked on India’s first time-sharing computer system as the chief systems programmer. He created a BASIC interpreter for Electronics Corporation of India Ltd. and put it into operation.

Then Murthy began Softronics, which failed in the mid-1970s. Softronics was a consulting firm offering computer algorithms to Indian companies. At that time, the Indian market was not prepared for something like that, which is why Murthy was forced to close his first venture after it gained very little traction. Subsequently, Murty joined Patni Computer Systems in Pune. After working there for around five years, Narayana Murthy founded Infosys in 1981.

Where They Stand Today: Infosys Vs Wipro

As of January 16, 2024, Infosys has a market cap of ?6.77 lakh crore, while Wipro’s market cap stands at ?2.53 lakh crore/Indiatimes

Infosys was started by Narayana Murthy, along with six other co-founders, in the year 1981. Wipro, on the other hand, was started by Azim Premji’s father Mohamed Husein Hasham Premji in the year 1945.

As of January 16, 2024, Infosys has a market cap of ?6.77 lakh crore, while Wipro’s market cap stands at ?2.53 lakh crore.

Also Read:?From Wipro To?Infosys-List?Of India's Highest Paid CEOs Of 2023

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