Entrepreneurs must have a business plan of five years, extendable up to 7-10 years, to become profitable in their ventures, N.R. Narayana Murthy, founder of Infosys Ltd and Catamaran Ventures, said on Wednesday. I believe in getting the best value for money for every cent I spend," Murthy said at a Morningstar investment conference. Murthy highlighted the importance of deferred gratification and sacrifice among entrepreneurs to succeed. On corporate governance, Murthy said Indian companies have improved a lot since the economic reforms of 1991.

Source: Mint November 05, 2020 01:41 UTC