Infosys

Infosys Technologies Limite

Public
Type BSE: 500209
NASDAQ: INFY
IT services
Industry
IT consulting
Founded 2 July 1981
N R Narayana Murthy
Nandan Nilekani
N. S. Raghavan
Founder(s) Kris Gopalakrishnan
S. D. Shibulal
K Dinesh
Ashok Arora
Headquarters Bangalore, Karnataka, India
N R Narayana Murthy
(Chairman)

Kris Gopalakrishnan
Key people
(CEO & MD)

S. D. Shibulal
(COO & Director)

Products Finacle
Information technology consulting
services, solutions and outsourcing.
Services

▲  21,140 crore (US$4.59 billion) (31st

Revenue [1]
March, 2010)
Operating
▲  7,472 crore (US$1.62 billion) (2010)[1]
income
Profit ▲  5,803 crore (US$1.26 billion) (2010)[1]
Total assets ▲ $6.150 billion (2010)[2]
Total equity ▲ $5.361 billion (2010)[2]
Employees 114,822 (2010)[3][4]
Infosys BPO
Infosys Consulting
Infosys Public Services
Infosys Australia
Divisions
Infosys Brazil
Infosys China
Infosys Mexico
Infosys Sweden
Website Infosys.com

Infosys (BSE: 500209, NASDAQ: INFY) is an information technology services company

headquartered in Bangalore, India. Infosys is one of the largest IT companies in India with
114,822 employees (including subsidiaries) as of 2010.[4] It has offices in 33 countries and
development centres in India, China, Australia, UK, Canada and Japan.[5]

History
Infosys was founded on 2 July 1981 by seven entrepreneurs,N.R.Narayana Murthy, Nandan
Nilekani, Kris Gopalakrishnan, S. D. Shibulal, K Dinesh and with N. S. Raghavan officially
being the first employee of the company. Founders started the company with an initial
investment of INR 10,000.[6] The company was incorporated as "Infosys Consultants Pvt Ltd." in
Model Colony, Pune as the registered office[7]

Infosys headquarters in Bangalore, India

Infosys went public in 1993. Interestingly, Infosys IPO was under subscribed but it was bailed
out by US investment banker Morgan Stanley which picked up 13% of equity at the offer price
of Rs. 95 per share.[8] The share price surged to Rs. 8,100 by 1999. By the year 2000 Infosys's
shares touched Rs. 15,600 before the catastrophic incident of 9/11, changed all that.[9]

According to Forbes magazine, since listing on the Bombay Stock Exchange till the year 2000,
Infosys' sales and earnings compounded at more than 70% a year.[10] In the year 2000, President
of the United States Bill Clinton complimented India on its achievements in high technology
areas citing the example of Infosys.[11]

In 2001, it was rated Best Employer in India by Business Today.[12] Infosys was rated best
employer to work for in 2000, 2001, and 2002 by Hewitt Associates. In 2007, Infosys received
over 1.3 million applications and hired fewer than 3% of applicants.[13]

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.[14][15]

Current share holding

Promoters and their families hold 16%.However Govt of India's LIC, which owns 3.78% is the
single largest share holder of Infosys followed by Govt of UAE's Abu Dhabi Investment
Authority which owns 1.67%.GOVERNMENT OF SINGAPORE also owns a significant stake
of 1.11%. [16]

Initiatives

Infosys has the largest corporate university in the world, located on its Mysore campus.[17]
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, Kerala,
Orissa and Punjab. The Infosys Foundation is headed by Mrs. Sudha Murthy, wife of Founder
Cum Chief Mentor Narayan 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.[18] 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 Program", to expose the urban youth to the
world of Information Technology by conducting a summer vacation program. The program is
aimed at developing an interest and understanding of computer science and information
technology. This program is targeted at students in Grade IX level.[19]

In 2002, the Wharton Business School of the University of Pennsylvania and 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 has the largest corporate education center in the world in Mysore. It can accommodate
14000 candidates at one time.[20]

In 2009, Infosys created Infosys Prize for excellence in Physical Sciences, Mathematical
Sciences, Engineering and Computer Science, Life Sciences and Social Sciences. [21]

Intranet

Infosys's intranet, called "Sparsh" after the Sanskrit word meaning "touch," supports over
114,822 employees across 26 countries in which Infosys operates. Sparsh has today become the
company's primary channel for news and official information, created a communication platform
and opened up networking avenues for its employees.

In 2007, Sparsh was selected as one of "The Year's 10 Best Intranets" by the Nielsen Norman
Group, a user experience research firm that advises companies on human-centered product and
service design.[22] Infosys is the first Indian company to be selected for the group's Intranet
Design Annual Award.
Research
Infosys developed 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 life cycle.[23] Various broad groups are Software
Engg Lab, Convergence Lab, Innovation Lab, Center for KDIS, Security and Privacy Lab and
Distributed Computing Lab.

Charity
In 2005, Infosys donated 10m rupees (about $226,000) to help with the effects of the 2005
Kashmir earthquake in Pakistan.[24] Infosys does not currently have an office in Pakistan.

Controversy
On Thursday, August 5th, 2010 New York Senator Charles Schumer (D) likened Infosys to a
“chop shop” while discussing a $600 million border security bill on the Senate floor.[25] The
remark has been criticized by the United States-India Business Council. Ron Somers, head of the
USIBC, said that the remark was "outrageous in this day in age, when the world is so
interconnected by the Internet, that draconian measures would be floated by the U.S. Congress
that tar-brushes Indian companies as ‘chop shops'.[26]