In a stunning example of good fortune striking early, Ekagrah Rohan Murty, the five-month-old grandson of N R Narayana Murthy, co-founder of Indian software services giant Infosys, is poised to receive a substantial financial boost. Following a recent announcement from Infosys regarding its dividend distribution, young Ekagrah stands to gain an impressive sum of Rs 4.2 crore, a windfall for the infant beneficiary of one of India’s most profound entrepreneurial legacies.
This financial boon arrives in the wake of Infosys’ statement on Thursday, proclaiming the approval of both a final dividend of ₹20 per equity share and a special dividend of ₹8 per equity share for the fiscal year that concluded on March 31, 2024. Slated for distribution on July 1st, these dividends collectively add up to Rs 28 per share, setting the stage for Ekagrah Murty’s multi-million rupee enrichment.
The narrative of this remarkable development traces back to a regulatory filing disclosed last month by Infosys. In a magnanimous gesture, Narayana Murthy had gifted a significant portion of his holdings in the powerhouse IT firm, amounting to over Rs 240 crore, to his grandson, Ekagrah. This grand endowment came in the form of 15 lakh shares, equating to a 0.04 percent stake in the company.
N.R. Narayana Murthy’s act of familial generosity was manifested through an off-market transaction, which consequently reduced his own shareholding in Infosys to 0.36 percent. This translates to holding more than 1.51 crore shares, a figure that still signifies a substantial investment in the company he helped to pioneer.
The season of joy for the Murthy family had its inception in November of the previous year when Narayana Murthy, along with his wife Sudha Murty—who holds the esteemed position of a Rajya Sabha MP—embraced the new chapter of grandparenthood. Their son Rohan Murty and daughter-in-law Aparna Krishnan were blessed with the birth of their baby boy, Ekagrah.
The convergence of personal happiness with corporate prosperity highlights the Infosys narrative, a company that has long stood as a beacon of India’s prowess in information technology on the global stage. This story of nascent wealth is a testament not only to the enduring legacy of one of India’s most iconic self-made entrepreneurs but also to the potential for fortunes to cross generational bounds in the blink of an eye.
This financial news, accentuated with the personal touch of familial values and legacy planning, has drawn considerable attention. It showcases an instance where wealth—built out of the ingenious vision and relentless effort of innovators like Narayana Murthy—is cascaded down through generations, ensuring that the pillars of success erected by one era serve as the foundation for the next.
As storied as the heritage of Infosys is, the narrative now sees a fresh addition in the form of a beneficiary not yet old enough to walk. The act of passing down such a substantial stake in Infosys to his grandson is symbolic of Murthy’s vision of nurturing prosperity for his lineage. While the infant may be years away from understanding the significance of his newfound wealth, the dividends earmarked for his name stand as a symbol of the opportunities that await him.
In this exceptional turn of events, it is clear that while Ekagrah may be nascent in age, his financial portfolio has already sprinted ahead, promising a future that is as secure as it is auspicious. The tale of Ekagrah Murty may well be one that finds retelling in the annals of corporate and familial fortunes for years to come, as it encapsulates the essence of entrepreneurial success spanning generations, all within the heartwarming folds of family. With agency inputs contributing to this report, the story affirms that in the world of business, some legacies are indeed born, not made.
