Murthy's VC fund to be named Catamaran Venture Fund
BS Reporter / Bangalore Oct 24, 2009, 00:36 IST
N R Narayana Murthy, chairman and chief mentor of India’s second-largest IT services firm Infosys Technologies, has christened his to-be-launched venture capital (VC) fund the ‘Catamaran Venture Fund’.
Catamaran has its origin in the Tamil word 'kattumaram', which is a type of a multi-hulled country boat comprising two hulls joined with some structure. It is used by the fishing community off the southern coast of Tamil Nadu.
In a telephonic interaction with the local media here today, Murthy said he raised Rs 174 crore by offloading 800,000 equity shares from his personal holding in Infosys and, if required, he would think about further fund-raising at the “appropriate time”.
“Possibly yes. I have been thinking about it, but certainly at an appropriate time, I would raise some more money,” he said.
Murthy said the fund would primarily look at early stage investments or ‘angel funding’. For now, he will be the only person who will manage the fund. Although, he added that he planned to have a team of three-four experienced people to manage the fund at a later date.
“The objective will be to look at opportunities offered by entrepreneurs in a wide variety of fields, a broad spectrum of fields. I don't want to limit it to one field, like hi-tech or retail or any of those. In India, if you limit yourself to one area, then the number of opportunities is not as high as elsewhere. Hopefully, in the next few months, I will be able to put this into action,” Murthy said.
After the dilution of his stake in the company, Murthy's holding in Infosys has come down to 0.41 per cent from the earlier 0.55 per cent. However, Murthy — along with his family members, including daughter Akshata and son Rohan — control a 4.83 per cent stake in Infosys valued at close to Rs 6,200 crore.
Respected Sir,
I am a research scholar in the Department of Commerce, P.S.G.R Krishnammal college for women, Coimbatore. I have always been as a student intrigued by the concept and the performance of Venture Capital.
I have taken the name of research in pursuing my interest in escavating more and recent data in the domain of venture capital.
I am planning to examine the performance effectiveness of the venture capitalists and their beneficiaries, since their entry into the Indian market.
I would be thirlled to assist you in your effort to bring authentic venture capital information for public reference and perusal with my analytical interpretation.
I look forward to hearing from you, the financial data on Catamaran venture fund and its users.
thank you sir,
with regards
S.Jayashree,
Ph.D reserach scholar,
Department of Commerce,
P.S.G.R Krishnammal college for women,
Peelamedu,
Coimbatore-641-004.
i am glad about Murthy Sir's Catamaran Venture Fund.I am 20 Years young now but sooner i will have my own Venture fund coz i am already on the move towards my Dream. You are my inspiration Murthy sir and Sudha mam. The strong will you people had in your own ways of building Infosys or being a homemaker is my lesson (both equally great). Reading Sudha Mam's Autobiography gave me very minute details of life which is added as a brick in building my Visual Dream. Visual now but a Reality sooner. Thank you.
Note: I am not writing this for any fund coz i already have lots of fund with me. MY TIME.
Respected Sir,
I have an innovative idea that can save 1000 Lives and crores of Rupees for the country every year. I would love to contribute.
Thanks & Best Regards,
Paramjit Singh Battu
#3431/38D, Chandigarh
Dear Shri Narayanamurthy.......... Sir......I am V Aroul Djody. Our dream is to touch 10,000 families by givig Employment.
Though i am a son of an Electrician, I started my work as a WORKER and quit my job as HEAD - HUMAN RESOURCE. I have done by BSC, MA(PA), PGDPM, MBA, PGCHRM (XLRI). My wife LATHA is BSC, MCA and was workng for TCS and she had quit her job.
We both have started a small food business with 4 employees. We are very keen to grow our business to benefit the society.
We would like to get an oppointment with you sir for 30 mins to get your guidence as mentor.
regards
V Aroul Djody
Mobile : 9840636600
Respected Murthy ji,
I am sure you are going to create CATAMARAN brand bigger than INFOSYS.
I am a very small commoner a mechanical engineer from BHU -1961, and truly
believe that CHINA's infrastructure is 100 years ahead of India. I have
worked in BHEL/TATAMOTORS/ MAHINDRA / AUTU TRACTORS (A Tractor unit of UP
Govt.),For the last 15 years I have worked with 15 MSMES in a running
working consultant mode. I am sold to CHINA and Chinese.China have many
technologies for farming/ rural transportation/ electric transport vehicle/
Municipal sanitation which we should adopt. Our monoplistic corporate though all looking towards CHINA and using are not allowing these technologies to enter into INDIA. For MSMES how difficult it is no body can understand better than you. I would like to share more if you give me
an opportunity at this age of 72. Regards,
N.C.Gupta -09899466424
N.R.N.Murthy, U Bastard,U are Class I Bastard,
Your Silence To My Mails Means Your Death,
SIL would assess how chronic problems to Earth Are And How Your Assn.Contribute To feel Negative to Global Issues Like Energy, Ecology And Economy to Life On Earth,
Respected sir,
We have a group of young engineers who are trying to be enterprenaurs by setting up renewable energy industries using Agro waste produced in Rural area,which will generate rural employment and generate decent income to the farmers.This will be the future source of energy which helps to reduce the carbon emission.In this regard we would like to have contact details of Mr.Narayan Mutrhy's venture capital fund and similar VC's.
The money which NRN thinks is his own belongs to the hard working employees on Infosys who work in sweat shops and foreign lands like slaves without dignity for their work .
NRN doesnt understand that the stock pile he is sitting on has been achieved by valuing stock holders more than employees and customers which have made him so rich .
NRN should distribut the money to Infosys employees and this time do it silently without being so pompous on press .
I want Shri N R Narayana Murthy to invest in my budding company, which has a strategic outlook for environmentally sustainable Indian Economy, code worded by me as "SSSE" Scientific Social Spiritual Engineering.
Earth, Environment, Engineering, Evolution.
visit HTTP://ucy.co.in/
Content Guide
Murthy said the fund would primarily look at early stage investments or ‘angel funding’. For now, he will be the only person who will manage the fund. Although, he added that he planned to have a team of three-four experienced people to manage the fund at a later date.
