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Narayana Murthy's 5-month-old grandson earned ₹4.2 crore after Infosys results

Livemint

Livemint · 1y ago

Narayana Murthy's 5-month-old grandson earned ₹4.2 crore after Infosys results

Infosys, India's second-largest IT company, reported a 30% increase in its net profit for the fourth quarter of FY24. They also declared a final dividend of ₹20 and a special dividend of ₹8, totaling ₹28. This resulted in Ekagrah Rohan Murthy, the grandson of Infosys founder Narayana Murthy, becoming a millionaire at the age of five. Infosys recorded a net profit of ₹7,975 crores and a revenue from operations of ₹37,923 crore for the quarter. The company experienced a reduction in headcount for the first time since 2001, with a 7.5% decrease from the previous year.

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Narayana Murthy gifts grandson Infosys shares worth ₹240 crore

Livemint

Livemint · 1y ago

Narayana Murthy gifts grandson Infosys shares worth ₹240 crore

NR Narayana Murthy, founder of Infosys, has given his four-month-old grandson shares of the company worth ₹240 crore, making the infant India's youngest millionaire. The baby now holds a 0.04 percent stake in Infosys. Murthy's own stake in the company has decreased to 0.36 percent. The transfer of shares was conducted "off-market". This marks the third grandchild for the Murty family. Sudha Murty, Narayana's wife, was recently nominated as a Rajya Sabha member by Prime Minister Narendra Modi.

Rules limit us: Infosys' Murthy on alumni not donating in India

Internet

Internet · 1y ago

Rules limit us: Infosys' Murthy on alumni not donating in India

Billionaire Infosys founder Narayana Murthy addressed the media at an Infosys Science Foundation. He criticised rules stopping entrepreneurs from donating shares to academic institutions, citing his wife Sudha Murthy's failed 1995 attempt. His colleague Kris Gopalakrishnan called for learning from the US universities. Murthy recalled his failed attempt to donate shares to IIT Kanpur in 1990s.

‘If Narayana Murthy asked me to...’: Nandan Nilekani recalls first encounter with Infosys founder | Company Business News

Livemint

Livemint · 9m ago

‘If Narayana Murthy asked me to...’: Nandan Nilekani recalls first encounter with Infosys founder | Company Business News

Fresh out of college, Nandan Nilekani met Narayana Murthy in 1978 at Patni Computer Systems, sparking a life-long professional bond. Nilekani, who later co-founded Infosys, was initially looking for direction in his career after missing his graduate school entrance exam. Charmed by Murthy's charisma, Nilekani joined Patni Computers and secured a place in the computing industry. This decision ultimately led to his involvement in the establishment of Infosys in 1981 and played a crucial role in India's IT revolution.

I would leave it to the individual: Infosys co founder Kris Gopalakrishnan on working 70 hours a week

Money Control

Money Control · 1y ago

I would leave it to the individual: Infosys co founder Kris Gopalakrishnan on working 70 hours a week

Infosys co-founder Kris Gopalakrishnan has commented on the debate surrounding working 70 hours a week in India. He believes it is up to each individual to decide, while emphasizing the importance of improving work productivity and investing more in research. Gopalakrishnan's remarks come in the wake of controversy stirred by Infosys founder NR Narayana Murthy's statement advocating for a 70-hour workweek to compete with other economies. Gopalakrishnan himself admitted that he probably works 70 hours a week.

‘How long can you stare at your wife?’: L&T chief advocates 90-hour work week

Economic Times

Economic Times · 7m ago

‘How long can you stare at your wife?’: L&T chief advocates 90-hour work week

Larsen & Toubro (L&T) chairman, S N Subrahmanyan, has stirred controversy by advocating for a 90-hour work week, emphasizing Sunday work. His remarks, captured in an undated internal meeting video, drew criticism online, echoing earlier debates triggered by Infosys founder Narayana Murthy's 70-hour work week suggestion. Subrahmanyan's rationalization, questioning the value of time spent at home versus work, was met with backlash, particularly over expectations on low-paid employees.

Capgemini CEO reignites work-life balance debate with 47.5-hour work week comment

Economic Times

Economic Times · 6m ago

Capgemini CEO reignites work-life balance debate with 47.5-hour work week comment

Capgemini India's CEO, Ashwin Yardi, suggests a 47.5-hour workweek, sparking debate against Infosys co-founder N R Narayana Murthy's earlier call for a 70-hour week, which stirred up discussions on corporate work conditions. Murthy and L&T's S N Subrahmanyan advocate for longer workweeks, while Wipro's Rishad Premji highlights work-life balance. The debate extends to startup founders like Ola’s Bhavish Aggarwal supporting longer hours for economic growth, whereas Namita Thapar strongly opposes excessive work demands.

Infosys' NR Narayan Murthy and Sudha Murthy earn ₹915 crore, here's how

Livemint

Livemint · 1y ago

Infosys' NR Narayan Murthy and Sudha Murthy earn ₹915 crore, here's how

Infosys co-founder NR Narayana Murthy and his wife Sudha Murthy have reportedly earned a significant profit by selling their stake in Cloudtail, a leading e-commerce seller in India. Through their investment firm Catamaran, the couple sold a 76% stake in Cloudtail for INR 1,332 crore ($160 million), resulting in a profit of INR 915 crore ($110 million). The successful divestment showcases the Murthys' astute investment strategy and their ability to identify lucrative opportunities in India's dynamic business landscape.

Infosys CEO among highest paid in Indian IT as FY25 compensation rose 22% to $9.4 mn

VCCircle

VCCircle · 2m ago

Infosys CEO among highest paid in Indian IT as FY25 compensation rose 22% to $9.4 mn

Infosys CEO Salil Parekh's compensation rose 21.7% to 806.2 million rupees ($9.44 million), making him one of the highest-paid Indian IT chiefs. His earnings included a fixed salary, bonuses, and stock options. Comparatively, Parekh earned $7.9 million in 2024 and $6.76 million in 2023. Despite a 4.2% revenue growth in FY25, Infosys projects just 0-3% growth for the current fiscal year due to a challenging business environment.

N R Narayana Murthy's Call for Hard Work Sparks Debate on Work-Life Balance

Business Bytes

Business Bytes · 1y ago

N R Narayana Murthy's Call for Hard Work Sparks Debate on Work-Life Balance

Infosys co-founder N R Narayana Murthy's suggestion that young individuals in India should work 70 hours a week to compete triggered a discussion on work-life balance. Critics pointed out the challenges individuals face in adhering to such a schedule, including household responsibilities. They also highlighted potential gender inequalities and stressed the importance of achieving a balance between work and personal life for overall well-being. The debate emphasizes the ongoing discourse on success, fulfillment, and work-life balance in today's world.

From Hustle to Harmony: After Murthy's 70-Hour Call, Infosys Now Backs Work-Life Balance

StartupTalky

StartupTalky · 1m ago

From Hustle to Harmony: After Murthy's 70-Hour Call, Infosys Now Backs Work-Life Balance

Infosys is promoting work-life balance through an internal campaign that monitors employees' working hours and encourages healthier practices, especially for those exceeding standard work limits. Employees receive health reminder emails if their working hours average over 9.15 hours daily, emphasizing the importance of breaks and personal well-being. This initiative, aimed at addressing rising health issues among IT professionals, contrasts with co-founder N. R. Narayana Murthy's previous stance advocating for harder work to elevate India as a global superpower.

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