NR Narayana Murthy, the founder of Infosys, has transferred shares worth over ₹240 crore to his four-month-old grandson, Ekagrah Rohan Murty, making him India's youngest millionaire in probability.
15 lakh shares for a 4-month-old
Ekagrah now holds 15,00,000 shares, equivalent to a 0.04 percent stake, in Infosys, as per an exchange filing. Following this transfer, Murthy's ownership in Infosys has decreased to 0.36 percent from 0.40 percent, amounting to over 1.51 crore shares.
A humble beginning
Infosys started its journey in 1981 with an initial capital of just $250. Today, is has emerged as one of India's most esteemed companies, with a valuation of $18.5 billion. The company was set up by NR Narayana Murthy and six engineers in Maharashtra's Pune.
Narayana Murthy's journey
In 2002, Narayana Murthy stepped down from the post of CEO and became the Chairman and Chief Mentor at the company. In 2011, he handed over the Chairmanship to KV Kamath. However, in 2013 Murthy returned to Infosys as the Executive Chairman and continued in that position for a brief period, before being appointed the Chairman Emeritus of the company.
Who is Ekagrah Rohan Murty
Ekagrah Rohan Murty is the four-monh-old grandson of NR Narayana Murthy and son of Rohan Murty and Aparna Krishnan. Rohan Murty is the founder and chief technical officer of Soroco, a digital transformation company which specialises in automation using artificial intelligence.