- Monday, February 24, 2025
Narayana Murthy, the co-founder of Infosys and father-in-law of Sunak, last week transferred a 0.04 per cent stake in his IT company to his newborn grandson, Ekagrah Rohan Murthy.
By: Shubham Ghosh
THE four-month-old nephew of prime minister Rishi Sunak has recently become a multimillionaire, receiving £22 million worth of shares in an Indian tech giant as a gift from his billionaire grandfather.
Narayana Murthy, the co-founder of Infosys and father-in-law of Sunak, last week transferred a 0.04 per cent stake in the IT company to his grandson, Ekagrah Rohan Murthy, making the infant the youngest shareholder of the firm.
In November last year, the 77-year-old Murthy became a grandfather for the third time when his son Rohan Murthy and the latter’s wife, Aparna Krishnan, welcomed a baby boy. Rohan is the brother of Sunak’s wife, Akshata Murty.
Read: Akshata Murty certifies Sunak’s culinary skills, but says PM doesn’t get much time
Sunak and his wife have two daughters named Krishna and Anoushka.
Narayana Murthy’s wife Sudha Murty is a prominent author, educator and philanthropist and recently was nominated as an MP to Rajya Sabha or the Upper House of the Indian parliament.
Read: Akshata Murty joins parents, daughters to check roadside book shop in Bengaluru; WATCH
According to a stock exchange filing, Ekagrah Murthy now holds 1.5 million company shares, which were transferred to him through an off-market transaction.
After the transfer, Narayana Murthy’s stake in the software service provider firm fell from 0.4 per cent to 0.36 per cent, amounting to 15.1 million shares, India’s Economic Times reported.
The IT billionaire sparked a significant debate in India last year when he suggested that young people should work 70 hours a week to enhance productivity. In a YouTube interview, the veteran emphasized the need for “highly determined, extremely disciplined, and extremely hardworking” youngsters in India.
He also said that young people should put in long hours at work, something the people of Germany and Japan had done after the Second World War. He also said that India’s work productivity is one of the world’s lowest. His remarks invited a massive backlash on the internet.
While in many countries, the standard working week is typically 35 to 40 hours – nine hours daily for five days a week, In India, people in some sectors work as many as six days a week.
While Murthy received support from CEOs of many companies, many people objected to his advice asking questions about issues such as salary, layoffs, and workplace exploitation, among others.
