This is also fraud.. Infosys Narayanamurthy tore up start-up companies! – infosys founder narayana murthy says focusing on revenues and rejecting profits is equivalent to ponzi scheme

Narayana Murthy, the founder of Infosys, has said that looking only at the revenue of start-up companies and not seeing the profit is equivalent to a fraud scheme. Infosys, which started as a small company, has now grown to become India’s second largest IT company. Narayana Murthy’s role in this development was also important.

Recently, valuation of various start-up companies has been inflated and then pushed to higher prices in the stock markets. Due to lack of profit those stocks are also facing heavy fall.

Due to this, ordinary small investors are getting cheated. Various investors have been openly talking about this recently. In this case, Infosys founder Narayana Murthy has said that inflated valuation of start-up companies is similar to pansy fraud scheme.

Narayana Murthy said that the VC (VC-Venture capital funds) investors and the management board directors of the concerned companies are entirely responsible for such frauds. He also said that considering the long-term growth of Infosys, some difficult decisions had to be taken at that time.

Narayana Murthy advises VC investors to be honest and transparent. As startup companies are invested in various stages, the valuation keeps increasing. He said that when there is a sudden problem, the share price falls.

So far, he was also questioned about the fear of IT jobs being lost due to AI technologies like ChatGBT. To that, he said that employment will not disappear due to AI technology and he himself has tried some technologies.

Narayana Murthy has also shared his past experience that when computers came in 1970, there was a fear of losing jobs.