Akshata Naryana Murty was born in April 1980 in Hubli, India,[2][7] and was raised by her maternal grandparents while her father, N. R. Narayana Murthy, and her mother, Sudha Murty, worked to launch their technology company, Infosys.[8][7] Her mother was the first female engineer to work for the TATA Engineering and Locomotive Company, then India's largest car maker, and later became a philanthropist.[9] Murty has one brother, Rohan Murty,[10] and they were brought up in Jayanagar, a suburb of Bangalore.[11] Her maternal grandparents were R. H. Kulkarni, a surgeon, and his wife Vimala Kulkarni, a school teacher.[12]
In 2007, Murty joined the Dutch cleantech firm Tendris as its marketing director, where she worked for two years, before leaving to start her own fashion firm.[7][14] Her fashion label closed in 2012.[2]
In 2013, she became the director of venture capital fund Catamaran Ventures.[7] She co-founded, with her husband Rishi Sunak, the London branch of the Indian firm owned by her father, N. R. Narayana Murthy.[15] Sunak transferred his shares to her shortly before being elected as the Conservative MP for Richmond in 2015.[16] Since 2015, she has owned a 0.91%[2] or 0.93% share of her father's technology firm Infosys, valued at around £481 million in 2023,[1] and shares in two of Jamie Oliver's restaurant businesses, Wendy's in India, and Koru Kids.[17] This made her richer than Queen Elizabeth IIas of April2022[update],[2] and richer than King Charles III as of October 2022.[18]As of 2022[update], Murthy was a director at Digme Fitness, and also Soroco, the digital transformation company that her brother Rohan Murty co-founded.[17]
In April 2022, Murty's wealth became the focus of British media discussion[16][17] that noted her non-domiciled resident status in the United Kingdom, which entitled her to pay no tax on her income outside Britain, subject to an annual payment of £30,000.[6][8][17] Later the same month, Murty announced that she would give up her non-domiciled status and pay UK taxes on her worldwide income voluntarily.[5][27][28] If Murty pays UK taxes on her worldwide income, but retains her non-domiciliary status, she can benefit from a provision in a 1956 treaty that was designed to help avoid double taxation of Indian citizens in India as well as the UK.[29]
↑ Shah, Rishna (8 September 2011). "Meet the designer: Akshata Murty". Vogue India. Archived from the original on 6 December 2022. Retrieved 5 December 2022. Local craftsmanship meets contemporary Western silhouettes in this ethical designer's label
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