company_name = Infosys Technologies Limited | company_type = Public nasdaq|INFYBSE|500209 | company_
company_slogan = Powered by cash, Driven by money | foundation =
July 2, 1981| location = flagicon|India Electronics City, Hosur Road, Bengaluru, India
N. R. Narayana Murthy(Co-founder, Non Executive Chairman and Chief Mentor) Nandan Nilekani(Co-founder and Co-Chairman) Kris Gopalakrishnan(Co-founder, CEO and MD) S. D. Shibulal (Co-founder and COO)
industry = Software services
Information technologyservices and solutions
products = Finacle (a universal
revenue = profit Rs. 16,692
crore($4.18 billion) (FY 2007-08)
net_income = profit Rs. 4,470
crore($1.11 billion) (FY 2007-08)
num_employees = 94,379 (As on
30 June, 2008) [ [http://www.infosys.com/investors/reports-filings/quarterly-results/2008-2009/Q1/IndianGAAP-press-release.pdf Infosys Technologies Announces Results for the Quarter ended June 30, 2008] (Press Release)]
Infosys BPO Limited(formerly Progeon) Infosys Technologies (Australia) Pty. Limited Infosys Consulting, Inc. Infosys Technologies (China) Company Limited Infosys Technologies S. de R. L. de C. V. (Mexico)
homepage = [http://www.infosys.com/ www.infosys.com]
Infosys Technologies Limited (BSE|500209, NASDAQ|INFY) is a multinational
information technologyservices company headquartered in Bengaluru, India. It is one of India's largest IT companies with over 94,379 professionals(including subsidiaries) as of June 30, 2008. It has nine development centers in India and over 30 offices worldwide. Its annual revenues for the fiscal year2007-2008 exceeded US$4 billion with a market capitalization of over US$30 billion.
Infosys was founded on
July 2, 1981in Puneby N. R. Narayana Murthyand six others: Nandan Nilekani, N. S. Raghavan, Kris Gopalakrishnan, S. D. Shibulal, K. Dinesh and Ashok Arora, [cite web | title = The amazing Infosys story | publisher = Rediff.com | date = July 11, 2006 | url = http://specials.rediff.com/money/2006/jul/11sld2.htm | accessdate = 2006-10-30] with Raghavan officially being the first employee of the company. N.Murthy started the company by borrowing INR 10,000 from his wife Sudha Murthy. The company was incorporated as "Infosys Consultants Pvt Ltd.", with Raghavan's house in Matunga, north-central Mumbaias the registered office.
In 2001 it was rated "Best Employer in India" by
Business Today,. [cite web | author = R. Sukumar | authorlink = | title = India's Best Employers: The Top 5 | work = A BT-Hewitt study | publisher = Business Today | url = http://www.india-today.com/btoday/20010121/cover2.html | accessdate = 2006-10-10 ] Infosys won the Global MAKE (Most Admired Knowledge Enterprises) award, for the years 2003, 2004 and 2005, being the only Indian company to win this award and is inducted into the Global Hall of Fame for the same. [cite web | title = Infosys recognized as a Globally Most Admired Knowledge Enterprise for 2004 | work = A Teleos study | publisher = Infosys Media | url = http://www.infosys.com/media/MAKEGLOBAL_PressRelease_25Nov04.pdf | format = PDF | accessdate = 2004-12-01 ] [cite web | title = Infosys in the Global Hall of Fame | url = http://www.infosys.com/media/press_releases/global-make-award-hall-of-fame.asp]
* 1981: Founded.
* 1983: Moved its headquarters to Bangalore, the capital of
* 1987: Got its first foreign client, Data Basics Corporation from the United States
* 1992: Opened its first overseas sales office in
* 1993: Became a public limited company in India with an
initial public offeringof Rs. 13 crores.
* 1996: First office in
Europein Milton Keynes, UK
* 1997: Office in Toronto,
* 1999: Listed on Nasdaq.
* 1999: Attained a SEI-CMM Level 5 ranking and became the first Indian company to be listed on
* 2000: Opened offices in
Franceand Hong Kong
* 2001: Opened offices in
United Arab Emiratesand Argentina
* 2002: Opened new offices in
Netherlands, Singaporeand Switzerland.
* 2002: Business World named Infosys "India's Most Respected Company". [cite web | title = BW Most Respected Company Awards 2004 | publisher = Business World | date = 2004 | url = http://www.businessworld.in/nov1504/mrc_winners.asp | accessdate = 2006-10-10 ]
* 2002: Started
Progeon, its BPO (business process outsourcing) subsidiary [cite press release | title = Infosys announces Progeon, its Business Process Management ("BPM") venture | publisher = Infosys Technologies Limited | date = 2002-04-16 | url = http://www.infosys.com/media/press_releases/business_process_management.asp | accessdate = 2006-10-11]
* 2003: Acquired 100% equity of Expert Information Services Pty Limited, Australia (Expert) and changed the name to Infosys Australia Pty Limited.
* 2004: Set up Infosys Consulting Inc., U.S. consulting subsidiary in
* 2006: Became the first Indian company to ring the NASDAQ Stock Market Opening Bell
* 2006: August 20, N. R. Narayana Murthy retired from his position as the executive chairman [ [http://www.linux-on-laptops.com/narayana-murthy.html Narayana Murthy bids adieu to Infosys] ]
* 2006: Acquired the 23% stake
Citibankhad in its BPO offshoot Progeon, making it a wholly owned subsidiary of Infosys and changed the name to Infosys BPO Ltd.[cite press release | title = Infosys buys out Citi’s stake in Progeon | publisher = Infosys Technologies Limited | date = 2006-04-20 | url = http://www.infosys.com/media/press_releases/citis-stake-progeon.asp | accessdate = 2006-10-11]
* 2006: December, became the first Indian company to make it to Nasdaq-100 [ [http://www.infosys.com/media/press_releases/infosys-added-nasdaq-100-index.asp Infosys Makes it to Nasdaq 100] , Infosys Press release. ]
* 2007: April 13, Nandan Nilekani stepped down as CEO and made way for Kris Gopalakrishnan to occupy his chair effective June 2007
* 2007: July 25, Infosys bags multi-million dollar outsourcing contract with
Royal Philips Electronicsin the area Finance & Accounting services strengthening its European operations.
* 2007: September, Infosys establishes a wholly-owned
Latin American subsidiary, Infosys Technologies S. de R. L. de C. V., and opens its first software development center in Latin Americain the city of Monterrey, Mexico.
* 2008: Agreed to buy British consultancy Axon Group Plc for 407 million pounds ($753 million) [cite press release | title = Infosys to acquire leading UK-based SAP consulting company Axon Group plc | publisher = Infosys Technologies Limited | date = 2008-08-25 | url = http://www.infosys.com/investors/news-events/axon-acquisition.asp | accessdate = 2008-08-28]
During the 14-year period from 1993 to 2007, the issue price of an Infosys share has increased three thousandfold. This is excluding the dividends that the company has paid out over this duration.
Infosys serves various industries through its Industrial Business Units (IBU), such as:
*Banking & Capital Markets (BCM)
*Communications Media and Entertainment (CME)
*Energy, Utilities and Services (EUS)
*Insurance, Healthcare and Life Sciences (IHL)
*Retail, Consumer Product Goods and Logistics (RETL)
*New Growth Engines (NGE)
*India Business Unit (IND)
In addition to these, there are Horizontal Business Units (HBUs)
*Enterprise Solutions (ES) (ESAP & ESX)
*Infrastructure Management Services (IMS)
*Product Engineering and Validation Services (PEVS)
*Systems Integration (SI)
In 1996, Infosys created the Infosys Foundation in the state of
Karnataka, operating in the areas of health care, social rehabilitation and rural uplift, education, arts and culture. Since then, this foundation has spread to the Indian states of Tamil Nadu, Andhra Pradesh, Maharashtra, Orissaand Punjab. The Infosys Foundation is headed by Mrs. Sudha Murthy, wife of Chairman Narayana Murthy.
Since 2004, Infosys has embarked on a series of initiatives to consolidate and formalize its academic relationships worldwide under the umbrella of a program called AcE - Academic Entente. Through case study writing, participation in academic conferences and university events, research collaborations, hosting study trips to Infosys Development Centers and running the InStep Global Internship Program, the company communicates with important stakeholders in the academia.
Infosys' Global Internship Program, known as InStep, is one of the key components of the Academic Entente initiative. It offers live projects to interns from the universities around the world. InStep recruits undergraduate, graduate and PhD students from business, technology, and liberal arts universities to take part in an 8 to 24 week internship at one of Infosys' global offices. InStep interns are also provided career opportunities with Infosys.
In 1997 Infosys started the "Catch them Young Programme", to expose the urban youth to the world of Information Technology by conducting a summer vacation programme. The programme is aimed at developing an interest and understanding of
computer scienceand information technology. This programme is targeted at students in Grade IX level. [cite web | publisher = The Hindu | title = Summer fun | date = 2004-06-14 | url = http://www.hindu.com/yw/2004/08/14/stories/2004081400640200.htm | accessdate = 2006-10-12]
In 2002, the
Wharton Business Schoolof the University of Pennsylvaniaand Infosys started the Wharton Infosys Business Transformation Award. This technology award recognizes enterprises and individuals who have transformed their businesses and the society leveraging information technology. Past winners include Samsung, Amazon.com, Capital One, RBS and ING Direct.
Infosys also has the largest training center for a private sector organization in Asia. The training center is located in Mysore, Karnataka. It currently accommodates 4500 trainees each year. In 2009 a new training center will be opened which will accommodate 10000 trainee software professionals. This new center is currently under construction and is also located in Mysore.
One of the major initiatives taken by Infosys in terms of research was to develop a corporate R&D wing called Software Engineering and Technology Labs (SETLabs). SETLabs was founded in 2000 to carry out applied research for the development of processes, frameworks and methodologies to effectively capture customer requirements and to iron out common critical issues during a project lifecycle.
Infosys publishes a peer-reviewed quarterly journal called "SETLabs Briefings" which has articles written by the researchers at SETLabs on various current and future business-transforming technology management themes. Infosys has an RFID and Pervasive Computing Technology practice which is providing
RFIDand wireless services to clients. [http://www.infosys.com/rfid/default.asp Infosys - RFID and Pervasive Technologies ] ] Infosys along with Motorola developed an RFID interactive mirror for Paxar. [http://www.allbusiness.com/services/business-services/4339342-1.html Paxar Reinvents the Retail Experience with New Interactive RFID Mirror. | Business solutions from AllBusiness.com ] ] [http://www.gizmag.com/go/7212/ The interactive RFID fitting-room mirror ] ]
SETLabs has created about five to six frameworks in the domains of business modelling, technology and product innovation. [http://www.thehindubusinessline.com/ew/2004/03/17/stories/2004031700240300.htm The Hindu Business Line : Working behind the screen ] ]
Bangalore, Bhubaneswar, Chandigarh, Chennai, Gurgaon, Hyderabad, Jaipur, Mangalore, Mumbai, Mysore, New Delhi, Pune, Thiruvananthapuram[ [http://www.infosys.com/contact/apac.asp Infosys - Contact | APAC] ]
Beijing, Shanghaisee|Infosys China
* Hong Kong:
* UAE: Sharjah
* Thailand : Bangkok
* USA: Atlanta (GA), Bellevue (WA), Bridgewater (NJ), Charlotte (NC), Southfield (MI), Fremont (CA),
Houston (TX), Glastonbury (CT), Lake Forest (CA), Lisle (IL), New York, Phoenix (AZ), Plano (TX), Quincy (MA), Reston (VA)
* The Netherlands: Utrecht
Canary Wharf, London
* cite press release
title = Infosys releases agreement to acquire Expert Information Services Pty Limited, Australia (PDF)
publisher = Infosys Technologies Australia Pty Ltd.
date = 2003-12-18
url = http://www.infosys.com/australia/release_infosys_acquires_expert.pdf
accessdate = 2006-10-11
* cite web
last = Bharat kumar
publisher = Business Line
title = A twist to the tale
date = 2002-08-07
url = http://www.blonnet.com/ew/2002/08/07/stories/2002080700070200.htm
* cite web
last = Infosys News
publisher = Top News
title = Latest Happenings at Infosys
date = 2007-12-12
url = http://www.topnews.in/business-news/infosys
* [http://www.infosys.com/ Infosys official website]
* [http://www.infosys.com/finacle/index.asp Finacle website]
* [http://www.infosysblogs.com/ Infosys Blogs]
* [http://www.infosysconsulting.com/ Infosys Consulting Division]
* [http://careers.infosys.com/ Infosys Careers Website]
* [http://test.investor.reuters.com/business/BusCompanyOverview.aspx?ticker=INFY&target=%2fbusiness%2fbuscompany%2fbuscompfake%2fbuscompoverview Infosys Technologies Ltd: Company Overview] at Reuters
* [http://finance.google.com/finance?q=INFY Infosys Technologies Ltd: Financials] at Google Finance
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