Infosys

Infosys Technologies Limited.

Type	Public BSE: 500209 NASDAQ: INFY
Industry	IT services IT consulting
Founded	2 July 1981 (1981-07-02)
Founder(s)	N R Narayana Murthy Nandan Nilekani N. S. Raghavan Kris Gopalakrishnan S. D. Shibulal K Dinesh Ashok Arora
Headquarters	Bangalore, Karnataka, India
Key people	N R Narayana Murthy (Chairman) Kris Gopalakrishnan (CEO & MD) S. D. Shibulal (COO & Director)
Products	Finacle
Services	Information technology consulting services, solutions and outsourcing.
Revenue	$ 5.04 billion (31st March, 2010)[1]
Operating income	$1.46 billion (2010)[1]
Profit	$1.31 billion (2010)[1]
Total assets	$6.150 billion (2010)[1]
Total equity	$5.361 billion (2010)[1]
Employees	114,822 (2010)[2][3]
Divisions	Infosys BPO Infosys Consulting Infosys Public Services Infosys Australia 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.^[3] It has offices in 30 countries and development centres in India, China, Australia, UK, Canada and Japan.^[4]

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.^[5] The company was incorporated as "Infosys Consultants Pvt Ltd." in Model Colony, Pune as the registered office^[6]

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.^[7] 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.^[8]

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.^[9] 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.^[10]

In 2001, it was rated Best Employer in India by Business Today.^[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]

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.^[13][14]

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%. [2]

Initiatives

Infosys has the largest corporate university in the world, located on its Mysore campus.^[15]

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.

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.^[16] 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.^[17]

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.^[18]

In 2009, Infosys created Infosys Prize for excellence in Physical Sciences, Mathematical Sciences, Engineering and Computer Science, Life Sciences and Social Sciences. ^[19]

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.^[20] 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.^[21] 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.^[22] 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.^[23]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'.”"^[24]

Global offices

Asia Pacific

India - Bangalore, Pune-Maharashtra, Bhubaneswar, Chandigarh, Chennai, Hyderabad, Jaipur, Mangalore, Mysore, Thiruvananthapuram,^[25] 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 and Thailand - Bangkok

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

Europe

Czech Republic - Brno, Belgium - Brussels, Denmark - Copenhagen, Finland - Helsinki, France - Paris, Germany - Frankfurt, Stuttgart, Italy - Milano, Norway - Oslo, Poland - Łódź, The Netherlands - Amsterdam, Spain - Madrid, Burgos, Sweden - Stockholm, Switzerland - Zürich, Geneva and UK - Canary Wharf, London

South America

Brazil - Belo Horizonte

Infosys, Pune campus	Movie Theatre, Mysore campus	Swimming pool & spa, Bangalore campus	Mangalore campus
Bangalore campus	Infosys Mysore campus	Dancing fountains, Bangalore campus	Pune campus
Swimming pool, Mysore campus	Infosys Chennai main block at Mahindra World City, New Chennai	The intergerated Eco-Friendly Block at Chennai,one of the biggest in the world	The largest TV screen in Asia, Bangalore campus
BPO Building, Bangalore campus	Canteen, Bangalore campus

Notes

References

External links

• Official website
• Infosys Consulting Division
• Infosys Blogs Website
• Infosys Foundation website
• Infosys Science Foundation website
• Infosys Campus Connect Program website

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