Infosys

Infosys Limited is an Indian multinational information technology company that provides business consulting, information technology and outsourcing services. The company was founded in Pune and is headquartered in Bangalore. Infosys is the second-largest Indian IT company, after Tata Consultancy Services, by 2020 revenue figures, and the 602nd largest public company in the world, according to the Forbes Global 2000 ranking.

On 24 August 2021, Infosys became the fourth Indian company to reach $100 billion in market capitalisation. Infosys enables clients in more than 50 countries to outperform the competition and stay ahead of the innovation curve. With US$9.02 bn in LTM Q2 FY16 revenues and 187,000+ employees, Infosys is helping enterprises renew themselves while also creating new avenues to generate value. 

Infosys help enterprises transform and thrive in a changing world through strategic consulting, operational leadership, and the co-creation of breakthrough solutions, including those in mobility, sustainability, big data, and cloud computing. 

Infosys has a growing global presence with more than 187,000+ employees. Globally, Infosys has 85 sales and marketing offices and 100 development centers as of March 31, 2015. At Infosys, they believe their responsibilities extend beyond business. That is why Infosys established the Infosys Foundation – to provide assistance to some of the more socially and economically depressed sectors of the communities in which they work and that is why they behave ethically and honestly in all their interactions – with their clients, their partners, and their employees.

Infosys was founded by seven engineers in Pune, Maharashtra, India. Its initial capital was $250. It was registered as Infosys Consultants Private Limited on 2 July 1981. In 1983, it relocated to Bangalore, Karnataka.

The company changed its name to Infosys Technologies Private Limited in April 1992 and to Infosys Technologies Limited when it became a public limited company in June 1992. It was renamed Infosys Limited in June 2011.

An initial public offering (IPO) was floated in February 1993 with an offer price of ?95 (equivalent to ?580 or US$7.30 in 2020) per share against a book value of ?20 (equivalent to ?120 or US$1.50 in 2020) per share. The IPO was undersubscribed but it was "bailed out" by US investment bank Morgan Stanley, which picked up a 13% equity stake at the offer price. Its shares were listed in June 1993 with the trading opening at ?145 (equivalent to ?890 or US$11 in 2020) per share.

Infosys shares were listed on the Nasdaq stock exchange in 1999 as American depositary receipts (ADR). It became the first Indian company to be listed on Nasdaq.[citation needed] The share price surged to ?8,100 (equivalent to ?30,000 or US$370 in 2020) by 1999, making it the costliest share on the market at the time. At that time, Infosys was among the 20 biggest companies by market capitalization on the Nasdaq. The ADR listing was shifted from Nasdaq to NYSE Euronext to give European investors better access to the company's shares.

In July 2010, then-British Prime Minister David Cameron visited Infosys HQ in Bangalore and addressed Infosys employees.

Infosys, Bangalore
Its annual revenue reached US$100 million in 1999, US$1 billion in 2004, and US$10 billion in 2017.

In 2012, Infosys announced a new office in Milwaukee, Wisconsin, to serve Harley-Davidson. Infosys hired 1,200 United States employees in 2011 and expanded the workforce by 2,000 employees in 2012. In April 2018, Infosys announced an expansion in Indianapolis, Indiana.

In July 2014, Infosys started a product subsidiary called EdgeVerve Systems, focusing on enterprise software products for business operations, customer service, procurement, and commerce network domains. In August 2015, assets from Finacle Global Banking Solutions were transferred from Infosys, thus becoming part of the product company EdgeVerve Systems' product portfolio.

According to the website of the company, its purpose is:

“To amplify human potential and create the next opportunity for people, businesses, and communities.”

As an innovation and knowledge hub, the company has established key strategic hubs:

Infosys Knowledge Institute: to offer thought leadership to guide the digital transformation of its clients.

Innovation Fund: to invest in entrepreneurial ventures around the world.

Infosys Innovation Network: Building global startup partnerships for Client Implementation.

The company's vision is:

“To enable our clients with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.”

Infosys provides software development, maintenance and independent validation services to companies in finance, insurance, manufacturing and other domains.

Its key products and services are:

• NIA – Next Generation Integrated AI Platform (formerly known as Mana)
• Infosys Consulting – a global management consulting service
  Cloud-based enterprise transformation services
• Infosys Information Platform (IIP), an analytics platform
• EdgeVerve Systems, which includes Finacle, a global banking platform
• Panaya Cloud Suite
• Skava (now Infosys Equinox)
• Engineering Services
• Digital Marketing