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Infosys

Infosys Limited is an Indian multinational information technology company that provides business consulting, information technology and outsourcing services, headquartered in Bangalore, India.

Categories

Technology  

#183

Rank

$95.03B

Marketcap

IN India

Country

Infosys
Leadership team

Salil Parekh ((MD & CEO))

U. B. Pravin Rao (COO)

Industries

Technology

Products/ Services
Digital services and consulting
Number of Employees
Above 50,000
Headquarters
Bangalore Karnataka
Established
1981
Company Registration
SEC CIK number: 0001079726
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
INFY
Social Media
Overview
Location
Summary

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.

History

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.

Mission

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.

Vision

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.”

Key Team

Salil Parekh (Chief Executive Officer and Managing Director)

Nandan M. Nilekani (Co-founder and Chairman of the Board)

Kiran Mazumdar-Shaw (Lead Independent Director)

D. Sundaram (Independent Director)

Michael Gibbs (Independent Director)

Uri Levine (Independent Director)

Bobby Parikh (Independent Director)

Chitra Nayak (Independent Director)

Govind Iyer (Independent Director)

Recognition and Awards
In 2021, Infosys was positioned as a leader in the Forrester Wave Application Modernization & Migration Services. In 2021, Infosys was positioned as a Leader in Gartner Magic Quadrant for Data and Analytics Services. In 2020, Infosys was ranked No. 1 in the HFS Top 10 Agile Software Development 2020 report. In 2020, Infosys was recognized as a leader in Retail and CPG Digital Services by Avasant. In 2019, Infosys was a winner of the United Nations Global Climate Action Award in 'Climate Neutral Now' category. In 2019, Infosys was ranked as the 3rd Best Regarded Company in the World by Forbes. In 2017, HfS Research included Infosys in Winner's Circle of HfS Blueprint for Managed Security Services, Industry 4.0 services and Utility Operations. In 2013, Infosys was ranked 18th largest IT services provider in the world by HfS Research. In the same year, it was ranked 53rd in Forbes list of World's Most Innovative Companies. In 2012, Infosys was ranked No.?19 amongst the world's most innovative companies by Forbes.In the same year, Infosys was in the list of top twenty green companies in Newsweek's Green Rankings for 2012. In 2006, Institute of Chartered Accountants of India included Infosys into Hall of Fame for being the winner of Best Presented Accounts for 11 consecutive years.
Products and Services

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
References
Infosys
Leadership team

Salil Parekh ((MD & CEO))

U. B. Pravin Rao (COO)

Industries

Technology

Products/ Services
Digital services and consulting
Number of Employees
Above 50,000
Headquarters
Bangalore Karnataka
Established
1981
Company Registration
SEC CIK number: 0001079726
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
INFY
Social Media