Sunday, December 8, 2024

What are your views on 50cr flat bought by Infosys founder?

Digital Trolls are probably referring to articles like these: - Infosys' Narayana Murthy buys luxury flat in Kingfisher Towers for Rs 50 crore - Times of India

Almost everyone—including myself—loves to hate and troll a humble brag. Narayana Murthy and his wife are practically the definition of a humble brag in India. Look no further than the (in)famous Kapil Sharma Show, where their sound bites, meant for entertainment, were heavily trolled for months

https://www.youtube.com/watch?v=1HSsBwAU3KQ

Let’s start with a few facts: while the founders of Infosys are billionaires, the company has created scores of millionaires among its employees. Back in 2003, when I joined Infosys, employees with an "E number" under 2000 were considered VIPs. (My E# was 20K.) These VIPs were literally vested in peace—employees who held onto their ESOPs and stock grants from the 1990s.

And the millions of non-VIP techies? They launched successful global IT careers, thanks to Infosys. Over the years, Infosys has been a bellwether IT services company, paying rich dividends to shareholders. Not much to troll here.

Full disclosure: I too received “a few” ESOPs upon joining Infosys, and these shares, after vesting, continue to provide me with decent taxable dividends year after year.


Now back to the Trolls

Forget Narayana Murthy’s contributions to offshoring in the 1980s and 1990s that propelled India’s globalization. Instead, we latch onto sound bites like “traveling by economy class” and “70-hour workweek,” which he is most (in)famously known for.

Indians love a good troll session, and the more successful someone is, the easier it becomes for us keyboard warriors to launch off on a tangent.

Make no mistake—this is a mega-billionaire. Narayana Murthy has a net-worth of ₹39,908.06 crore (approximately $4.8 billion). But, of course, he has also offloaded millions of Infosys shares to his wife, son, daughter, and even grandchildren - Millionaire grandchildren! Not just Narayana Murthy's grandson, these Infosys co-founders' grandkids also hold stake in company - Times of India


A billionaire buying a million-dollar property anywhere in the world wouldn’t make headlines, but this is Narayana Murthy—someone we all love to hate. So troll we must.

But folks, the show is over. The 78-year-old billionarie will retire to his multi-million-dollar penthouse with soundproof windows, beyond our earshot.

Time to move on with our humdrum lives.