Narayana Murthy’s Grandson Set to Receive Rs 4.2 Crore from Infosys Dividend at 5 Months Old

Infosys founder Narayana Murthy’s grandson, Ekagrah Rohan, will earn Rs 4.2 crore in dividend income from the IT giant at just five months of age. The transaction was conducted “off-market”, the filing revealed. Ekagrah Rohan Murty, born on November 10 last year in Bengaluru, is the third grandchild of Narayana Murthy and Sudha Murthy, joining siblings Krishna and Anoushka. While Ekagrah is the son of Rohan Murthy and Aparna Krishnan, Krishna and Anoushka are the daughters of Akshata Murty and UK Prime Minister Rishi Sunak.

Revenue also saw a slight increase to Rs 37,923 crore. In the fiscal year ending March 2024, net profit rose by 8.9% to Rs 26,233 crore, and annual income from operations increased by 4.7% to Rs 1,53,670 crore. The Infosys board recommended a final dividend of Rs 20 per share for FY24, along with a special dividend of Rs 8 per share. Additionally, Infosys plans to acquire a German firm, in-tech, in an all-cash deal worth 450 million euros.

For the next financial year, Infosys expects a 1-3% revenue growth. Research firm Motilal Oswal said Infosys’s prediction for how much they will grow in revenue in FY25 is lower than what they thought it would be. But they think Infosys could do better in the medium term.