Infosys Narayana Murthy

Narayana Murthy's Grand Gesture: 4-Month-Old Grandson Becomes Millionaire Overnight!

Infosys founder, Narayana Murthy, gifts his 4-month-old grandson shares worth Rs 240 crore, making the baby a young millionaire! #GenerousGrandpa #BabyMillionaire

Narayana Murthy, the co-founder of Infosys, has made headlines with a grand gesture towards his family. The tech magnate gifted his 4-month-old grandson, Ekagrah Rohan Murty, a staggering 15,00000 shares of Infosys, amounting to 0.04 percent stake in the renowned IT company. This move has not only positioned the infant as a significant shareholder at a tender age but also catapulted him into the realm of young millionaires.

Under the provisions of the Income Tax Act, gifts from relatives enjoy tax exemption, a benefit that Narayana Murthy utilized to pass on his wealth to the newest member of the family. Ekagrah Rohan Murty, born to Rohan Murty and Aparna Krishnan, emerged as India's youngest millionaire overnight, courtesy of his doting grandfather's generous gift. The shares bestowed upon him by Narayana Murthy are valued at an impressive Rs 240 crore, solidifying his financial status at just four months old.

With this generous act, Narayana Murthy's stake in Infosys has slightly diminished, dropping from 0.40 percent to 0.36 percent. The symbolic significance of this gift goes beyond monetary value, showcasing a legacy being passed down within the family. It also highlights the trust and belief in the future generation, setting a unique precedent in the world of inheritance and wealth transfer.

In a heartwarming display of family legacy and financial empowerment, Narayana Murthy's gift to his grandson is not only a statement of wealth but also a testament to the values of nurturing and securing the future. This act of generosity not only cements the family bond but also highlights the potential and opportunities awaiting the youngest member of the Murthy clan.