The Record | Leadership by Example - Episode 1 | Narayana Murthy x T.V. Mohandas Pai

3one4 Capital presents 'The Record', where the extraordinary becomes the norm, and brilliance inspires success.

The Record's first season brings you 'Leadership by Example', in collaboration with Catamaran. Narayana Murthy and T.V. Mohandas Pai share firsthand knowledge on building world-class businesses, assembling contributive boards and setting the highest standards in organisational design and governance.

In the first of the 3 part video series, Narayana Murthy and T.V. Mohandas Pai look back on India's economic journey, from liberalisation to compassionate capitalism, and share their vision for creating a better future for the country.

[manoj.prajapati]

00:15 India's journey from socialism to liberalization and its remarkable economic growth.

02:33 India's focus on institution building in the public sector changed in 1991 with the realization that job creation in the private sector is crucial for solving poverty.

08:41 Narayana Murthy's transition from socialist to compassionate capitalist.

11:34 Creating jobs with good income is crucial for solving the problem of poverty.

17:29 1991 economic reforms brought about fundamental changes and economic freedom for India

19:59 Introducing capital market reforms and current account convertibility were key steps in economic freedom.

25:09 India has a high standard deviation in per capita GDP, indicating significant disparities and a large number of poor people.

27:50 To create jobs for rural semi-literate and illiterate Indians, India needs to open up to foreign investment and incentivize low tech manufacturing.

32:45 Improving bureaucracy and work productivity is crucial for India to compete globally

35:18 China's increasing importance in global affairs compared to India

41:06 Technology has changed lives compared to 25 years ago

43:51 Technology has improved productivity and convenience in various aspects of life.

48:57 Youth's responsibility to enhance India's respect and work towards becoming a leading nation.

51:59 Narayana Murthy's vision for India to become the number one country in the world

[kgbhuvana]

70 hours? Insane!
No wonder it's the young people who are dying of heart attack in our country.

[naveenkp]

For those looking for the 70hrs remark from Mr Murthy: The full context is from starts from 30:19 onwards

[sujeetkumar.]

70 hours for my own business - YES

70 hours for the job - BIG NO

[Usman.Mahammed]

Then companies also need to pay on hourly basis... Indian companies wont do that..

[ibadurrehman]

Youngsters shud work for 70 hours per week while the richest evade taxes and enjoy vacation at Bahamas.. 👍

[adityahrudaya]

World's happiest Country- Finland has 40 hours/week and this Nani mama wants us to work 70 hours!! and at what cost?

[bilagiprashanth]

Agree with him.. work 40 hours for your employer and 30 hours for your own interests 👍

[reachfais]

It is surprising to see a leader like him, equating Productivity with working hours. That sums up the Indian IT service industry in a nutshell.

[prempunjabi]

Completely disagree about the 70 hours a week!!! According to the 70 hours work week we will be the best country, BUT AT WHAT COST?
What will that individual achieve after working 70 hours a week?
Good health? Good family? Good companion? Happiness? Fulfillment? What will the individual achive?
If the individual is aiming for success after working 70 hours a week, I would like that individual to define success?

[amarbreaks]

Yes already 30hrs in traffic for work commuting counts to 70 hours.

As mentioned if all pillars work together to strengthen the quality of life & reduces bureaucracy and corruption, one can give optimally in 40 work hours that includes creative & innovative mantras. Respect human life.

[LE-znnu]

He is Definitely CRAZY!! As it is there is no work life balance in india.right now with 46hrs weekly, in Mumbai ppl leave home by 8am n return by 9.30-10pm. Leaving no time for exercise or walk or anything.we r dead tired by the time we get home.does he expect all professionals to sleep in office?? I would really want to know his answer.

[adimudgal]

Do not agree with him about working 70 hours. We should get more productive in the 40-45 hours. Japan and Germany have low fertility rates and high suicide rates on account of unrealistic work ethics. Our youth should live a balanced life with enough time for physical exercise, family life and rest along with a productive and happy work life.

[ranrickyjith]

😂😂 Which means 10 hours every day including Saturday and Sunday... thats a very good suggestion😂 .. please also tell us where to leave our spouse and kids .. because no one is going to stay with such a person except his project manager 😂😂

[anilkumar-ffml]

Anyways we are already working round the clock and even on weekends to support the projects and even night shifts. We work like donkey s so that their children have a easy life with billion dollars without evem working. They just want us to work for them . I was working at infosys bpo some years ago they used to pay peanuts, even the vegetable vendor would earn lot more than us . Will they pay us like the germans or orther countries.

[GeographicTraveller]

This is madness. 70 hours working weekly? So that the promoters and founders of the company become billionaires and average employee would get minuscule share. It’s a strategy that doesn’t benefit the country rather corporate firms at large.

[patriot]

Surprising to see him talk about 70 hours. Even if we work for 40-50 hours with full dedication it's enough. 70 hours will burn you out and reduce your efficiency in addition to neglecting your family. What is missing in India is full dedication to work during working hours.

[skschandra]

Actually i worked for 75 hours a week for more than 15 years. I got the career growth by doing that but sacrificed lot of other things. Salary increase was 20% every year but the company i worked for for millions of dollars increase.

What we get for the hardwork is not even 0.001% of the actual revenue of the company. That's the mindset of the companies we work for.

The question is why should anyone work so much for the companies when they don't reciprocate ?

[wonderer.r]

He surely wants us to work 70 hours week but not for the country, but for the benefits of his own company

[sarthak.agrawal.]

Everyone fighting over 70 hour work while so much insights and knowledge was shared by Mr. Murthy, not supporting 70 hrs but try to apprehend more things he said