India's youngest millionaire? Narayana Murthy gifts four-month-old grandson shares worth Rs 240 crore in Infosys

Infosys founder NR Narayana Murthy.

Infosys founder NR Narayana Murthy has gifted shares worth over Rs 240 crore to his four-month-old grandson Ekagrah Rohan Murty, minting India's youngest millionaire in probability.

Ekagrah acquired 15,00,000 shares, or 0.04 percent stake, in India's second-largest information technology services company, an exchange filing revealed.

Post this acquisition, Murthy's share in Infosys reduced to 0.36 percent from 0.40 percent, or over 1.51 crore shares. The mode of transaction was "off-market."

In November, Murthy and author-philanthropist Sudha Murty became grandparents after their son Rohan Murty and wife Aparna Krishnan welcomed a baby boy. The newborn is the third grandchild of the Murthys, who are grandparents to the two daughters of Akshata Murty.

The baby was named Ekagrah, a Sanskrit word that means unwavering focus and determination. The family was reportedly inspired by Arjuna's “ekagrah” in the Mahabharata.

The Infosys journey began with $250 in 1981 and is today one of India's most respected companies, as it created a whole new paradigm for corporate governance and democratising wealth creation. Sudha Murty bootstrapped Infosys with $250.

After heading the Infosys Foundation for more than 25 years, Murty retired from her role in December 2021 and continues to work on charitable efforts through her family's foundation. She recently took oath as a member of Parliament in India' s upper house Rajya Sabha