The Hindu : Business : Nilekani <I>Forbes</I> <I>Asia</I> Businessman of 2006

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Friday, Dec 01, 2006
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Nilekani Forbes Asia Businessman of 2006

`He is an outstanding example of what the Asian entrepreneurial spirit can achieve'

— Photo: Ramesh Sharma

Nandan Nilekani, President, CEO and MD, Infosys Technologies.

BEIJING: Infosys CEO Nandan Nilekani has been named `Businessman of the Year' for 2006 by Forbes Asia for his `nimble' stewardship in keeping the company ahead of peers in the global outsourcing phenomenon.

The 51-year old co-founder of the Bangalore-based company was picked for his track record in keeping Infosys nimble and ahead of its peers in the global outsourcing phenomenon, Forbes Asia said in a statement.

He has been Chief Executive since 2002 but took sole charge in August when Infosys founder Narayana Murthy retired. Under his tenure, Infosys has achieved sustained profitability — after-tax profit grew by 30 per cent in each of the last three years.

The most recent quarter ended September 2006, was the best on record. Revenue reached $746 million, up 13 per cent from the previous quarter and 42 per cent higher than the same period a year ago. Net income was $199 million for the quarter, a 14 per cent increase over the previous three months and a 44 per cent gain over the same period a year ago, the statement said.

At that pace, Infosys will make more money this year than Central Japan Railway, Fujifilms Holdings and Sharp, all considerably bigger. His record to-date makes Mr. Nilekani Forbes Asia's choice for Businessman of the Year, the statement said.

PTI

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