Grandfather gifted shares worth 240 crores as soon as the child was born, 4-month-old grandson became a billionaire

It takes years for a person to become a millionaire or a billionaire, but a child born on 10 November 2023 last year became a billionaire in just 4 months. A grandfather gifted his grandson shares worth crores of rupees as soon as he was born, after which the child began to be counted among the billionaires.

You will be surprised to know that the kid is none other than Infosys Chairman Narayan Murthy's grandson. Let us tell you how many shares Narayan Murthy has given in the name of the child.

Infosys' exchange filings reveal that Narayan Murthy has given shares worth around Rs 240 crore to conglomerate Rohan Murthy. After this transfer, Ekagra will hold 15,00,000 shares of Infosys, the country's second largest tech company.

According to a media report, after this off-market transfer, Narayan Murthy is now left with about 1.51 crore shares, which is about 0.36 percent stake. According to various media reports, Akagra is probably India's youngest billionaire.

Second largest IT company

Let us tell you that Infosys was started in 1981 with only 250 crores. After that, Sudha Murthy took Infosys forward and today it is one of the most respected companies in India. The company has set a new paradigm for corporate governance and democratization of wealth creation.

After leading the Infosys Foundation for more than 25 years, Narayan Murthy retired from his role in December 2021 and continues to work on religious works through his family's foundation. He recently took oath as a Member of Parliament in the Rajya Sabha. According to Forbes, Narayan Murthy's net worth is Rs 35,800 crore. He is the co-founder of Infosys, which has a market cap of Rs 5.70 lakh crore.