Philanthropist Sudha Murty and her husband, Infosys founder Narayana Murthy, are making headlines once again. The couple recently gifted their four-month-old grandson, Ekagrah Rohan Murty, shares valued at approximately Rs 240 crore, making him one of the youngest millionaires in India. With this gift, he now holds a 0.04% stake in Infosys, amounting to 1.5 million shares. This transfer caused Narayana Murthy’s personal stake in the company to decrease from 0.40% to 0.36%.
Welcoming a New Generation
Ekagrah, born in November 2023, brought immense joy to the Murthy family as Narayana and Sudha celebrated the arrival of their third grandchild. His name, “Ekagrah,” derives from Sanskrit, symbolising unwavering focus and determination, much like Arjuna, the legendary archer from the Mahabharata.
Infosys: A Legacy of Excellence
Founded in 1981 with a modest investment of $250, Infosys has evolved into one of India’s most esteemed corporations. Over the years, it has set standards in corporate governance, innovation, and wealth creation, establishing itself as a global leader in technology and consulting services. Recently, Infosys announced a total dividend of Rs 28 per share, including a final dividend of Rs 20 and a special dividend of Rs 8.
Growing Wealth Through Dividends
Thanks to the generous gift from his grandfather, Ekagrah Rohan Murty has seen his wealth increase significantly. The five-month-old now holds 15 lakh shares of Infosys, generating a dividend income of Rs 4.2 crore. With Infosys shares currently valued at Rs 1,400 each, the total worth of Ekagrah’s holdings stands at Rs 210 crore.
Upcoming Dividend Payments
Infosys is set to pay the announced dividends, with the record date for payment scheduled for May 31, and the actual payment taking place on July 1.
A Family of Achievers
Born on November 10, 2023, in Bengaluru, Ekagrah is the son of Rohan Murty, who holds a PhD in computer science from Harvard University and runs the software firm Soroco, and Aparna Krishnan, the head of Murty Media. Ekagrah is the third grandchild of Narayana and Sudha Murty, who recently took an oath as a Rajya Sabha MP.
The Murthy Family Legacy
The iconic Bengaluru couple has two other grandchildren, Krishna and Anoushka, daughters of Akshata Murty and British Prime Minister Rishi Sunak. As of the December quarter, Akshata owned a 1.05% stake in Infosys, while Sudha and Rohan held stakes of 0.93% and 1.64%, respectively. Narayana Murthy co-founded Infosys in 1981 with six other partners, and aside from Ashok Arora, who departed in 1989, all co-founders have achieved billionaire status.
