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Baby Billionaire? Narayan Murthy Gifts Infosys Shares Worth Crores to 4-Month-Old Grandson

Whether Narayana Murthy's motives were purely emotional, strategic, or a combination of both, one thing's for sure - his grandson Ekagrah has been given a head start in life!

Baby Billionaire? Narayan Murthy Gifts Infosys Shares Worth Crores to 4-Month-Old Grandson

Tuesday March 19, 2024 , 3 min Read

Narayana Murthy, the co-founder of Indian IT giant Infosys, recently made headlines for a very special gift. He surprised his 4-month-old grandson, Ekagrah Rohan Murthy, with a massive Rs. 240 crore worth of Infosys shares! This massive gift instantly made Ekagrah the company's youngest shareholder and possibly one of India's youngest millionaires.

While this news has generated awws and amazement, there might be more to this generous act than meets the eye. Let's delve deeper and see if Narayana Murthy's gift was just a heartwarming gesture or a strategically planned move.

A Token of Love (With a Practical Side)

Of course, there's no denying the love behind this gesture. Grandparents often want to provide for their grandchildren, and this is a very generous way to do so. The Infosys shares ensure Ekagrah's financial well-being while also potentially offering valuable business lessons in the future.

Super Start to a Long-Term Investment

By gifting shares, Narayana Murthy has potentially set his grandson on the path of financial security. The value of these shares could rise significantly over the years, allowing Ekagrah to reap big benefits when he grows up. It's a clever way to jump-start a long-term investment plan for his future.

Tax Advantages and Estate Planning

There could also be tax benefits involved. Gifting shares allows Narayana Murthy to distribute his wealth gradually while potentially minimizing tax burdens. It can also be a part of estate planning, ensuring a smooth transfer of wealth to future generations.

A Sign of Confidence in Infosys' Future

Some see this as a strong signal of Narayana Murthy's confidence in Infosys's future. By investing in the company for his grandson, he might be publicly endorsing its potential for long-term growth. This positive sentiment could boost investor confidence in Infosys as well.

So, is Ekagrah really a "Baby Billionaire"?

While the share value is a substantial amount, Ekagrah won't have immediate access to this money. The shares are most likely held in a trust managed by adults until he reaches a certain age. This ensures responsible management of the funds.

Ekagrah

More Than Just Money

This news has sparked discussions about wealth distribution and inheritance planning. It's a reminder that financial planning isn't just about saving for retirement; it's about creating a legacy for future generations.

Key Learnings

Whether Narayana Murthy's motives were purely emotional, strategic, or a combination of both, one thing's for sure - his grandson Ekagrah has been given a head start in life.

Murthy's action highlights the importance of financial planning, no matter your age or income level. Even small investments early on can grow significantly over time. Consider talking to a financial advisor to explore options for securing your own future and that of your loved ones.


Edited by Roshni Manghnani