Narayana Murthy, the visionary founder of Infosys, has made headlines once again with his philanthropic act. In a heartwarming gesture, he has gifted shares valued at over Rs 240 crore to his four-month-old grandson, Ekagrah Rohan Murty, potentially making him India’s youngest millionaire.
The Generous Gift:
According to a filing by Infosys on the exchanges, Ekagrah now owns 1,500,000 shares, equivalent to a 0.04 per cent stake, in India’s second-largest information technology services company. This extraordinary act of generosity highlights Narayana Murthy’s commitment to his family’s legacy and his desire to secure his grandson’s financial future from an early age.
Impact on Murthy’s Holdings:
Following this transaction, Narayana Murthy’s share in Infosys has reduced to 0.36 per cent from 0.40 per cent, representing over 1.51 crore shares. Despite the reduction in his stake, Murthy’s legacy as the founder and guiding force behind Infosys remains unparalleled in India’s corporate landscape.
The Murthy Family Legacy:
This gesture of wealth transfer underscores the Murthy family’s commitment to philanthropy and their belief in nurturing future generations. Sudha Murty, Narayana Murthy’s wife and a renowned author-philanthropist, holds a 0.83 per cent stake in Infosys, valued at approximately Rs 5,600 crore. Her recent induction as a Rajya Sabha Member of Parliament further solidifies the family’s influence and impact on Indian society.
Inspiration Behind the Name:
The newborn grandson, Ekagrah, carries a name rooted in Sanskrit, symbolizing unwavering focus and determination. The family drew inspiration from Arjuna’s “ekagrah” in the Mahabharata, reflecting their values of resilience and perseverance.
Narayana Murthy’s Proud Moments:
Reflecting on his illustrious journey, Narayana Murthy recalled his proudest moment when Infosys became the first Indian company to be listed on Nasdaq in March 1999. This milestone not only cemented Infosys’s global reputation but also showcased India’s potential on the international stage.
Conclusion:
Narayana Murthy’s generous gift to his grandson exemplifies his commitment to family values and financial stewardship. As Ekagrah Rohan Murty embarks on his journey, he inherits not just wealth but also the values and principles that define the Murthy family legacy. This heartwarming gesture serves as a reminder of the enduring impact of philanthropy and the importance of nurturing future generations for a brighter tomorrow.
