Infosys founder gifts shares worth Rs 240 cr to grandson, making him India's youngest millionaire

NR Narayana Murthy, the co-founder of Infosys, recently made headlines by gifting 15,00,000 shares of Infosys stock, valued at over Rs 240 crore, to his four-month-old grandson, Ekagrah Rohan Murty. This generous gesture has garnered significant attention, making Ekagrah potentially the youngest millionaire in India.

A Look Back at Infosys' Remarkable Journey

The share transfer highlights the incredible journey of Infosys, a company that began in 1981 with a modest investment of $250. Through dedication and innovation, Infosys has grown into a leading IT services company and a respected brand in India. The company has also set a high bar for corporate governance and wealth creation within the country.

Ekagrah: A Name Rooted in Tradition

Ekagrah Rohan Murty, the recipient of the gift, is the third grandchild of the Murthy family and the son of Rohan Murty and Aparna Krishnan. Interestingly, the name Ekagrah has Sanskrit origins and signifies unwavering focus and determination – qualities that may serve him well in the future.

Sudha Murty: A Legacy of Philanthropy

Sudha Murty, the co-founder of Infosys, continues to make significant contributions through her philanthropic endeavors. After stepping down from the Infosys Foundation in December 2021, she remains actively involved in charitable initiatives through the family's foundation. Notably, she recently assumed the role of a member in the Rajya Sabha, India's upper house of Parliament.

Reflecting on Milestones: Narayana Murthy's Candid Insights

In a recent appearance at the India Today Conclave 2024, Narayana Murty reminisced about a pivotal moment in Infosys' history. He recalled the experience of being listed on the Nasdaq stock exchange, a significant achievement for an Indian company at that time. This listing symbolized a new era for Indian businesses on the global stage.

Contemplating Growth and Missed Opportunities

While celebrating Infosys' success, Murthy also offered a candid reflection on his journey. He acknowledged that, in retrospect, there may have been missed opportunities during his tenure at the company. He expressed a sense of pondering certain bold initiatives that remained unexplored.

Balancing Growth with Democratic Principles

Murthy attributed this to Infosys' core values, which emphasized an enlightened democratic approach from the company's inception. He acknowledged the benefits of this philosophy while also recognizing that it might have, to some extent, limited the company's growth potential compared to a more audacious leadership style.

Looking Ahead: A Legacy of Innovation and Social Responsibility

The Infosys story, with its recent focus on family and Murthy's retrospective insights, serves as an inspiration for aspiring entrepreneurs. It highlights the importance of innovation, responsible wealth creation, and a commitment to social good – values that continue to shape Infosys' legacy.