Murthy has been listed among the 12 greatest entrepreneurs of our time by Fortune magazine.[12] He has been described as the "father of the Indian IT sector" by Time magazine for his contribution to outsourcing in India.[13] Murthy has been honoured with the Padma Vibhushan[14] and Padma Shri awards.[4] He is the father-in-law of Rishi Sunak, the British MP and Chancellor of the Exchequer.