BANGALORE: Infosys' co-founder N.R. Narayana Murthy recently stepped down as the company's executive chairman after addressing the 33rd Annual General Meeting. During his speech, he credited his prodigal son Rohan Murthy for all the smart initiatives the troubled IT bellwether took in the last 12 months to revive its sagging fortunes.

Rohan, joined the $8.3-billion global software major as executive assistant to his illustrious father, who returned from retirement as executive chairman last year for steering the company in troubled times.

"Each and every one of the initiatives taken to lay a strong foundation for the company's future growth has been conceived, implemented and pushed forward by Rohan," Murthy told shareholders at the company's 33rd annual general meeting.

Recalling that many investors, analysts and even sections of the media had questioned him on bringing Rohan into the company through the back door, Murthy said he had asked his son to take a sabbatical from Stanford University where he was pursuing a doctorate in computer science and join him to add value to Infosys.

Defending his decision to choose Rohan as aide in his second stint at Infosys, Murthy said, "I wanted Infosys to think differently and invest in some bold initiatives that would yield results in the medium to long term.”

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