On 20th August 2011, Mr. N R Narayana Murthy stepped down from the position of the Chairman of Infosys Limited, an Indian IT services company. He was associated with it for over 30 years - from the day he had founded it on 2nd July 1981 with six other entrepreneurs as co-founders. Infosys has been widely recognized as an exemplar of the Indian software services6 industry not only in India (where it is among the 30 firms that constitute the BSE Sensex1 ) but also worldwide (as a part of the Nasdaq-100 index2 ).