Murthy, who founded Infosys in 1981 with USD 1,150 and grew it into a market capitalisation of USD 38.6 billion, said that he expected the company to continue its upward trajectory.
Time ripe for US-based companies to invest in India.In fact, some of the largest projects that most Indian software companies are doing are in India.
NR Narayana Murthy
Founder member
Infosys
N R Narayana Murthy, the billionaire founder of Infosys, said Thursday that he expects robust growth ahead for India.
"I think there are opportunities outside India, as well as in India," he said. "In fact, some of the largest projects that most Indian software companies are doing are in India."
On CNBC's "Fast Money," Murthy expressed faith that Narendra Modi, India's new prime minister, would lead the country toward creating a more business-friendly climate.
"Till now we had coalition governments," he said. "But this time we have a government which has absolute majority in the parliament. He's also a man of action. He has enunciated a program called digital India where he wants to bring the power of Internet and broadband communications to the benefit of every Indian."
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Murthy said the time was ripe for US-based companies to invest in India.
"Therefore, I think this is the right time for American companies to add even more value to India," he said. "Already, we have almost every high-tech company there. We have GM. We have Ford. We have lots of American companies there, but we need even more of them because they bring a lot of value to our economy."
Murthy, who founded Infosys in 1981 with USD 1,150 and grew it into a market capitalization of USD 38.6 billion, said that he expected the company to continue its upward trajectory.
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"There is opportunity in India as well opportunity outside of India because right from Day One, we leveraged the part of globalization which is all about sourcing capital from where it is cheapest, sourcing talent from where it is best available, producing where it is most cost-effecting and selling where the markets are without being constrained by national boundaries," he said. "That's how I define globalization, and my company was based on that principle."
Murthy was named No. 13 on the CNBC First 25 List of visionary leaders who shaped the world of business and finance since 1989, the year CNBC started.
Infosys stock price
On November 07, 2014, at 14:10 hrs Infosys was quoting at Rs 4169.35, up Rs 43.35, or 1.05 percent. The 52-week high of the share was Rs 4175.00 and the 52-week low was Rs 2894.00.
The company's trailing 12-month (TTM) EPS was at Rs 203.80 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 20.46. The latest book value of the company is Rs 733.03 per share. At current value, the price-to-book value of the company is 5.69.
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