Infosys
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| Type | Public BSE: 500209 NASDAQ: INFY |
|---|---|
| Founded | July 2, 1981 |
| Founder(s) | N R Narayana Murthy Nandan Nilekani N. S. Raghavan Kris Gopalakrishnan S. D. Shibulal K. Dinesh Ashok Arora |
| Headquarters | Bangalore, India |
| Key people | N R Narayana Murthy (Chairman) Kris Gopalakrishnan (CEO) & (MD) S. D. Shibulal (COO) & (Director) |
| Industry | Software services |
| Products | IT Services |
| Services | Information technology consulting services and solutions |
| Revenue | ▲ $ 4.663 billion (2009)[1] |
| Operating income | ▼ $ 1.374 billion (2009)[1] |
| Net income | ▼ $ 1.281 billion (2009)[1] |
| Total assets | $ 4.376 billion (2009)[1] |
| Total equity | $ 3.784 billion (2009)[1] |
| Employees | 103,905 (2009)[2] |
| Divisions | Infosys BPO Infosys Consulting Infosys Public Services Infosys Australia Infosys Brazil Infosys China Infosys Mexico Infosys Sweden |
| Website | Infosys.com |
Infosys Technologies Limited (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 105,453 professionals (including subsidiaries) as of Nov 9, 2009.[2] It has offices in 22 countries and development centers in India, China, Australia, UK, Canada and Japan.[3]
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[edit] History
Infosys was founded on July 2, 1981 in pune by N. R. Narayana Murthy and seven others: Kris Gopalakrishnan, Nandan Nilekani,N. S. Raghavan, S. D. Shibulal, Ashok Arora and K. Dinesh,[4] with N. S. Raghavan officially being the first employee of the company. 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 Model Colony, north-central Bengaluru as the registered office. this page In 1982, Infosys opened an office in Bangalore which soon became its headquarters.[5]
Infosys went public in 1993. Interestingly, Infosys IPO was undersubscribed 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. The share price surged to Rs. 8,100 by 1999 making it the costliest share on the market at the time.[6]
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.[7] 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.[8]
In 2001, it was rated Best Employer in India by Business Today.[9] 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.[10][11]
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. [12]
BusinessWeek reported that Infosys, along with Wipro and Tata accounted for nearly 80% of the [H-1B] visa petitions approved in 2007 for the top 10 participants in the program.[13]
[edit] Initiatives
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 Narayana Murthy who is fondly called "NRN" by all his staffs and contemporaries..
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 science and information technology. This programme is targeted at students in Grade IX level.[15]
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 also has the largest training center for a private sector organization in Asia. The training center is located in Mysore, Karnataka. It currently accommodates 4,500 trainees each year. In 2009 a new training center has been opened which accommodates 10,000 trainee software professionals. This new center is also located in Mysore.
In 2008, Infosys along with National Institute of Advanced Studies created 'Infosys Mathematics Prize' for excellence in Mathematics research.
[edit] Research
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.
-Internets" [16].
[edit] Global offices
[edit] Asia Pacific
India - Bangalore, Bhubaneswar, Chandigarh, Chennai, Gurgaon, Hyderabad, Jaipur, Mangalore, Mumbai, Mysore, New Delhi, Pune, Thiruvananthapuram,[17] Australia - Melbourne, Sydney and China - Beijing, Shanghai
Hong Kong - Hong Kong, Japan - Tokyo, Mauritius - Mauritius, New Zealand - Wellington, UAE - Sharjah, Philippines - Taguig City,Fiji Island - Suva, Rajasthan - Bikaner and Thailand - Bangkok
[edit] North America
Canada - Toronto, 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) and Mexico - Monterrey
[edit] Europe
Belgium - Brussels, Denmark - Copenhagen, Finland - Helsinki, France - Paris, Germany - Frankfurt, Stuttgart, Italy - Milano, Norway - Oslo, Poland - Łódź, The Netherlands - Utrecht, Spain - Madrid, Burgos, Sweden - Stockholm, Switzerland - Zürich,Geneva and UK - Canary Wharf, London
[edit] South America
Brazil - Belo Horizonte
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Infosys, Pune campus |
Movie Theatre, Mysore campus |
Swimming pool & spa, Bangalore campus |
Mangalore campus |
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Bangalore campus |
Infosys Mysore campus |
Dancing fountains, Bangalore campus |
Pune campus |
|
Swimming pool, Mysore campus |
The largest TV screen in Asia, Bangalore campus |
BPO Building, Bangalore campus |
[edit] Notes
- ^ a b c d e ADR Investor Relations (2009-09-01). ""Annual Report 2009, Financial Highlights"". infosys.com. Infosys. http://www.infosys.com/investors/reports-filings/quarterly-results/2008-2009/Q4/Documents/Q4-2008-AD.pdf. Retrieved 2009-10-07.
- ^ a b http://www.infosys.com/investors/reports-filings/quarterly-results/2009-2010/Q1/Documents/fact-sheet.pdf
- ^ http://www.infosys.com/about/who-we-are/Pages/fact-file.aspx
- ^ "The amazing Infosys story". Rediff.com. July 11, 2006. http://specials.rediff.com/money/2006/jul/11sld2.htm. Retrieved 2006-10-30.
- ^ "Wall Street woes has India outsourcing on edge". USA Today. October 18, 2008. http://www.usatoday.com/news/world/2008-10-18-1305852289_x.htm. Retrieved 2009-04-12.
- ^ "Money Machine". India Today. November 8, 1999. http://www.india-today.com/itoday/19991108/business.html. Retrieved 209-04-12.
- ^ "Passage to India". Forbes. October 30, 2000. http://www.forbes.com/forbes/2000/1030/6612080a.html. Retrieved 2009-04-12.
- ^ "Clinton calls for closer ties to boost IT business". Indian Express. March 25, 2000. http://www.expressindia.com/news/fe/daily/20000325/fco25053.html. Retrieved 2009-04-12.
- ^ R. Sukumar. "India's Best Employers: The Top 5". A BT-Hewitt study. Business Today. http://www.india-today.com/btoday/20010121/cover2.html. Retrieved 2006-10-10.
- ^ "Infosys recognized as a Globally Most Admired Knowledge Enterprise for 2004" (PDF). A Teleos study. Infosys Media. http://www.infosys.com/newsroom/press-releases/Documents/2004/MAKEGLOBAL-PressRelease-25Nov04.pdf. Retrieved 2004-12-01.
- ^ "Infosys in the Global Hall of Fame". http://www.infosys.com/media/press_releases/global-make-award-hall-of-fame.asp.
- ^ INFY 2007 20-F, Item 6
- ^ Herbst, Moira (2008-10-08). "High Rate of H-1B Visa Fraud". BusinessWeek (New York). http://www.businessweek.com/print/bwd.
- ^ http://www.infosys.com/beyond-business/pages/index.aspx
- ^ "Summer fun". The Hindu. 2004-06-14. http://www.hindu.com/yw/2004/08/14/stories/2004081400640200.htm. Retrieved 2006-10-12.
- ^ http://www.technologyreview.com/Infotech/21161/?a=f
- ^ Infosys - Contact | APAC
[edit] References
- "Infosys Overview". http://www.infosys.com/about/what-we-do/pages/index.aspx. Retrieved 2006-08-23.
- Infosys Technologies Australia Pty Ltd. (2003-12-18). "Infosys releases agreement to acquire Expert Information Services Pty Limited, Australia (PDF)". Press release. http://www.infosys.com/australia/news/Documents/infosys-acquires-expert.pdf. Retrieved 2006-10-11.
- Bharat kumar (2002-08-07). "A twist to the tale". Business Line. http://www.blonnet.com/ew/2002/08/07/stories/2002080700070200.htm.
- Infosys News (2007-12-12). "Latest Happenings at Infosys". Top News. http://www.topnews.in/business-news/infosys.
[edit] External links
| Wikimedia Commons has media related to: Infosys |
- Infosys official website
- Infosys Consulting Division
- Infosys Blogs Website
- Infosys Foundation website
- Infosys Campus Connect Program website
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