Narayana Murthy gives his 4-month-old grandson ₹240 crore worth of Infosys shares as a gift

NR Narayana Murthy, the founder of Infosys, has given his four-month-old grandson Ekagrah Rohan Murthy shares of the company valued at ₹240 crore. This could potentially make the infant India’s youngest millionaire.

As per a filing with the BSE, young Ekagrah now possesses 1.5 million shares, representing a 0.04 percent ownership in India’s second-largest IT services company.

After this transaction, Murthy’s ownership in Infosys has dropped from 0.40 percent to 0.36 percent, with more than 1.51 crore shares. The transfer of shares occurred “off-market,” as stated in the filing.

Welcome to the family!

Narayana Murthy and Sudha Murty’s son, Rohan Murthy, and his wife, Aparna Krishnan, joyfully announced the birth of their baby boy in November 2023. They named their newborn Ekagrah, which means unwavering focus and determination in Sanskrit.

This brings the Murty family’s grandchildren count to three, including two granddaughters born to their daughter, Akshata Murty, and son-in-law Rishi Sunak.

Prestigious Family Connections

Shortly after being nominated to the Upper House of Parliament, Sudha Murty was sworn in as a Rajya Sabha member in the presence of Vice President Jagdeep Dhankhar on March 14.

Following her oath-taking ceremony, Murty expressed her intention to thoroughly comprehend and delve into the subjects she intends to address in the Upper House. When questioned about her perspective on becoming a Parliament member, Sudha Murty responded with equanimity, stating, “I am neutral and content. Let it commence. I refrain from speculating too much.”

On International Women’s Day, Prime Minister Narendra Modi revealed Sudha Murty’s nomination, recognizing her significant endeavors in social work, philanthropy, and education.

The President of India nominates 12 individuals to the Upper House of Parliament for their outstanding contributions in arts, literature, sciences, and social services.

Story of Narayana Murthy’s Time at Infosys

Narayana Murthy established Infosys in 1981. It got listed on Nasdaq in March 1999, and he expressed that this listing would aid in attracting top talent for the company.

During the India Today Conclave 2024, Narayana Murthy revealed that his proudest moment was when Infosys became the first Indian company to be listed on Nasdaq. He reminisced about sitting under the glaring lights on a high stool, recognizing the significance of this achievement for an Indian company.

Narayana Murthy Reflects on His Greatest Regret

Narayana Murthy discussed his main regret, mentioning several bold initiatives he didn’t pursue. He explained that Infosys operated as an enlightened democracy from the beginning, which resulted in missed opportunities for more daring endeavors. While he doesn’t classify it as a regret, he acknowledges it as a factor that may have limited the company’s growth potential.

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