30 | forbes india december 29, 2017nr nArAyAnA Murthy:
WAr of Words
The retired chairman and co-founder of software bellwether
infosys was in the eye of a storm after the sudden resignation in
August of the company’s CEO, Vishal Sikka, a former SAP executive
Murthy appointed in 2014. In a startling turn, the Infosys board
blamed Murthy for the CEO’s premature departure. Murthy said he
was anguished by the allegations and would reply to them at an
appropriate time. In recent months, Murthy’s concerns over alleged
corporate-governance lapses at Infosys, which the company has
denied, escalated into a war of words. This resulted in a board
shakeup, which saw the return of retired co-founder Nandan
Nilekani (No 89) as the company’s non-executive chairman. Murthy
recently said that one of his biggest regrets was stepping down
from Infosys.rAnA kAPoor: Positive bAnker
The former Bank of America executive is now India’s second-richest self-
made banker after Uday Kotak (No 11) by virtue of his 11 percent stake in
yes bank. Kapoor co-founded finance firm Rabo India Finance in a joint
venture with The Netherland’s Rabobank in 1998 but sold his stake five
years later. Along with one partner, he obtained what was a rare banking
licence to set up Yes Bank in 2004. Today it is India’s fifth-largest bank in
the private sector with assets of $34 billion. The bank and its board have
been embroiled in a legal battle with the family of Kapoor’s late partner,
Ashok Kapur, who died in the 2008 Mumbai terror attacks. The matter is
subjudice and the bank says it has had no impact on its operations.Richest
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Vaprakash lakshmanan