The renowned Infosys founder, Narayana Murthy, has attracted media attention for his recent deed of kindness in which he gave his four-month-old grandson, Ekagrah Rohan Murty, shares valued at over ₹240 crore. In addition to demonstrating Murthy’s love for his family, this momentous act begs concerns about the riches and legacy he is leaving for the following generation.
The Generous Gift:
Narayana Murthy’s choice to give his grandson, Ekagrah Rohan Murty, Infosys shares is a testament to his dedication to his family and the future. With this gift, Ekagrah became the owner of 0.04 percent of the second-biggest IT services company in India—a significant inheritance for a baby of just four months.
Diminishment of Narayana Murthy’s interest:
After his grandson received shares, Narayana Murthy‘s 0.40 percent interest in Infosys was decreased to 0.36 percent, or more than 1.51 crore shares. Even if on paper this might appear like a slight decrease, it actually represents a major change in the Murthy family’s wealth distribution.
The grandchildren of Narayana Murthy:
Ekagrah Rohan Murty is the newest grandchild of Narayana Murthy and his wife Sudha Murty, who welcomed him in November. Their son Rohan Murty and daughter-in-law Aparna Krishnan are the parents of Ekagrah. The Murthys, who also have two daughters through their daughter Akshata Murty and UK PM Rishi Sunak, have welcomed their third grandchild into the family.
Narayana Murthy’s Infosys Journey:
Narayana Murthy created Infosys in 1981, and since then, he has been associated with the company. Murthy has been instrumental in the growth of Infosys over the years, helping the company become one of India’s top IT companies. An important turning point for the company was its March 1999 listing on the Nasdaq, which put Infosys on the international map and attracted top talent.
Proudest Moment:
Narayana Murthy thought back to the Nasdaq listing at the India Today Conclave 2024 when asked about his proudest moment. He highlighted the historic aspect of the accomplishment by describing what it was like to sit in front of the blinding lights as Infosys became the first Indian firm to be listed on the Nasdaq.
Biggest Regret:
Narayana Murthy made a direct confession about his regrets, saying that he regretted not pursuing some audacious ideas while he was working at Infosys. Even while the business runs like an enlightened democracy, Murthy admitted that its conservative approach may have prevented it from taking advantage of growth prospects.
Impact and Legacy:
Narayana Murthy’s tenure at Infosys has been about more than just creating a profitable business; it’s also about leaving a lasting legacy. Murthy is influencing his family’s future and ensuring that his vision for Infosys continues through his leadership, philanthropy, and the recent transfer of shares to his grandson.
Narayana Murthy’s contribution to his grandson is a perfect example of his dedication to sound financial management and family values. Ekagrah Rohan Murty continues his grandfather’s tradition by inheriting a stake in Infosys at such a young age, signifying progress and continuity for future generations. Murthy’s path, from starting Infosys to securing the future of his family, highlights the breadth of his power and the long-lasting effects of his leadership.
-Nithika