The 11th edition of TiECon Mumbai witnessed a humble corporate moment when Narayana Murthy, the co-founder of software giant Infosys touched the feet of Chairman emeritus of Tata sons, Ratan Tata. The moment came as Narayana Murthy presented the Lifetime Achievement Award to Ratan Tata on Tuesday. The incident has gone viral on social media as Ratan Tata also shared Narayana Murthy's gesture in an Instagram story, saying he was "truly humbled" by it. In the Instagram story, he wrote, “It was an honour to be awarded by TIEcon at the hands of a great friend Mr. Narayana Murthy.”
The event organisers also shared the top business moment captioning, “Narayana Murthy seeks blessings from TATA sons, Chairman Emeritus”
Moreover, while addressing the event, Ratan Tata warned that start-ups which burn investors' money and disappear will not get a second or a third chance.
Tata after his felicitation at the TiECON awards, said, “We will have start-ups which will attract attention, collect money and disappear. Such start-ups will not get a second or a third chance.”
Also Read: Industry Titan Ratan Tata Has Grave Warning For Start-Ups In India
Tata, who also invests in start-ups, also said old-age businesses will recede and the young founders of innovative companies are the future leaders of the Indian industry.
He added that the start-ups require mentoring, advice, networking and also recognition, and welcomed the role played by TiE, an organisation that seeks to promote the start-up ecosystem in India.
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Tata also urged TiE to work as a shadow regulator for ethics and good practices, and ensure that the start-up sector grows in a manner that it should.
(With PTI inputs)
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