Infosys
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| Type | Public NASDAQ: INFY BSE: 500209 |
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| Founded | July 2, 1981 |
| Headquarters | Bangalore, India Electronics City, Hosur Road |
| Key people | N. R. Narayana Murthy (Co-founder, Non Executive Chairman and Chief Mentor) Nandan Nilekani (Co-founder and Co-Chairman) Kris Gopalakrishnan (Co-founder, CEO and MD) S. D. Shibulal (Co-founder and COO) |
| Industry | Software services |
| Products | Finacle (a universal banking product) |
| Services | Information technology services and solutions |
| Revenue | ▲ Rs. 16,692 crore ($3.897 billion) (FY 2007-08) |
| Net income | ▲ Rs. 4,470 crore ($1.11 billion) (FY 2007-08) |
| Employees | 100,306 [1] |
| Subsidiaries | Infosys BPO Limited (formerly Progeon) Infosys Technologies (Australia) Pty. Limited Infosys Consulting, Inc. Infosys Technologies (China) Company Limited Infosys Technologies S. de R. L. de C. V. (Mexico) |
| Website | www.infosys.com |
Infosys Technologies Limited (BSE: 500209, NASDAQ: INFY) is a multinational information technology services company headquartered in Bangalore, India. It is one of India's largest IT companies with over 100,306 professionals (including subsidiaries) as of Sep 30, 2008.[1] It has nine development centers in India and over 30 offices worldwide. Its annual revenues for the fiscal year 2007 - 2008 exceeded US$4 billion with a market capitalization of over US$30 billion.
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History
Infosys was founded on July 2, 1981 in Pune by N. R. Narayana Murthy and six others: Nandan Nilekani, N. S. Raghavan, Kris Gopalakrishnan, S. D. Shibulal, K. Dinesh and Ashok Arora,[2] with Raghavan officially being the first employee of the company. N.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 Matunga, north-central Mumbai as the registered office.
In 2001 it was rated Best Employer in India by Business Today.[3] 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.[4][5]
Infosys was rated best employer to work for in 2000, 2001, and 2002 by Hewitt Associates. It continues to expand, actually growing by more than 1,000+ people per month.[1] Infosys currently has almost 100 Fortune 500 clients with over 90% repeat business.
BusinessWeek reported that the outsourcing firm 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.[6]
Timeline
- 1981: Founded.
- 1983: Moved its headquarters to Bangalore, the capital of Karnataka
- 1987: Got its first foreign client, Data Basics Corporation from the United States
- 1992: Opened its first overseas sales office in Boston.
- 1993: Became a public limited company in India with an initial public offering of Rs. 13 crores.
- 1996: First office in Europe in Milton Keynes, UK
- 1997: Office in Toronto, Canada
- 1999: Listed on Nasdaq.
- 1999: Attained a SEI-CMM Level 5 ranking and became the first Indian company to be listed on NASDAQ
- 2000: Opened offices in France and Hong Kong
- 2001: Opened offices in United Arab Emirates and Argentina
- 2002: Opened new offices in Netherlands, Singapore and Switzerland.
- 2002: Business World named Infosys "India's Most Respected Company".[7]
- 2002: Started Progeon, its BPO (business process outsourcing) subsidiary[8]
- 2003: Acquired 100% equity of Expert Information Services Pty Limited, Australia (Expert) and changed the name to Infosys Australia Pty Limited.
- 2004: Set up Infosys Consulting Inc., U.S. consulting subsidiary in California, U.S.
- 2006: Became the first Indian company to ring the NASDAQ Stock Market Opening Bell
- 2006: August 20, N. R. Narayana Murthy retired from his position as the executive chairman[9]
- 2006: Acquired the 23% stake Citibank had in its BPO offshoot Progeon, making it a wholly owned subsidiary of Infosys and changed the name to Infosys BPO Ltd.[10]
- 2006: December, became the first Indian company to make it to Nasdaq-100[11]
- 2007: April 13, Nandan Nilekani stepped down as CEO and made way for Kris Gopalakrishnan to occupy his chair effective June 2007
- 2007: July 25, Infosys bags multi-million dollar outsourcing contract with Royal Philips Electronics in the area Finance & Accounting services strengthening its European operations.
- 2007: September, Infosys establishes a wholly-owned Latin American subsidiary, Infosys Technologies S. de R. L. de C. V., and opens its first software development center in Latin America in the city of Monterrey, Mexico.
- 2008: Agreed to buy British consultancy Axon Group Plc for 407 million pounds ($753 million) [12]
During the 14-year period from 1993 to 2007, the issue price of an Infosys share has increased three thousandfold. This is excluding the dividends that the company has paid out over this duration.
Key industries
Infosys serves various industries through its Industrial Business Units (IBU), such as:
- Banking & Capital Markets (BCM)
- Communications Media and Entertainment (CME)
- Energy, Utilities and Services (EUS)
- Insurance, Healthcare and Life Sciences (IHL)
- Manufacturing (MFG)
- Retail, Consumer Product Goods and Logistics (RETL)
- New Growth Engines (NGE)
- India Business Unit (IND)
In addition to these, there are Horizontal Business Units (HBUs)
- Consulting (CS)
- Enterprise Solutions (ES) (ESAP & ESX)
- Infrastructure Management Services (IMS)
- Product Engineering and Validation Services (PEVS)
- Systems Integration (SI)
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, Orissa and Punjab. The Infosys Foundation is headed by Mrs. Sudha Murthy, wife of Chairman 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. 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.[13]
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 4500 trainees each year. In 2009 a new training center will be opened which will accommodate 10000 trainee software professionals. This new center is currently under construction and is also located in Mysore.
Infosys is doing business with a "World is Flat" philosophy. This allows them to do conduct business on a level playing field all around the world. In order to do this they have had to optimize cost to fuel growth, think faster innovation, think money from information, and think winning in the turns.
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.
Infosys publishes a peer-reviewed quarterly journal called SETLabs Briefings which has articles written by the researchers at SETLabs on various current and future business-transforming technology management themes. Infosys has an RFID and Pervasive Computing Technology practice which is providing RFID and wireless services to clients.[14] Infosys along with Motorola developed an RFID interactive mirror for Paxar. [15] [16] The group has also formally launched a suite of managed-information services called as "Shopping Trip 360" using wireless sensors - http://www.infosys.com/shoppingtrip360/ which was called by Reuters as a break-through service for retailers and CPG (http://www.reuters.com/article/pressRelease/idUS100614+31-Jul-2008+BW20080731) and by MIT Technology Review as "Infosys turns stores into mini-Internets" (http://www.technologyreview.com/Infotech/21161/?a=f).
SETLabs has created about five to six frameworks in the domains of business modelling, technology and product innovation. [17]
Global offices
Asia Pacific
- India: Bangalore, Bhubaneswar, Chandigarh, Chennai, Gurgaon, Hyderabad, Jaipur, Mangalore, Mumbai, Mysore, New Delhi, Pune, Thiruvananthapuram[18]
- Australia: Melbourne, Sydney
- China: Beijing, Shanghai
- Further information: Infosys China
- Hong Kong: Hong Kong
- Japan: Tokyo
- Mauritius: Mauritius
- UAE: Sharjah
- Philippines: Taguig City
- 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)
- Mexico: Monterrey
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
- UK: Canary Wharf, London
Notes
- ↑ 1.0 1.1 1.2 Infosys Fact Sheet Q2 2008-09
- ↑ "The amazing Infosys story". Rediff.com (July 11, 2006). Retrieved on 2006-10-30.
- ↑ R. Sukumar. "India's Best Employers: The Top 5". A BT-Hewitt study. Business Today. Retrieved on 2006-10-10.
- ↑ "Infosys recognized as a Globally Most Admired Knowledge Enterprise for 2004" (PDF). A Teleos study. Infosys Media. Retrieved on 2004-12-01.
- ↑ "Infosys in the Global Hall of Fame".
- ↑ Herbst, Moira (2008-10-08), "High Rate of H-1B Visa Fraud", BusinessWeek (New York), http://www.businessweek.com/print/bwdaily/dnflash/content/oct2008/db2008108_844949.htm
- ↑ "BW Most Respected Company Awards 2004". Business World (2004). Retrieved on 2006-10-10.
- ↑ Infosys Technologies Limited (2002-04-16). "Infosys announces Progeon, its Business Process Management ("BPM") venture". Press release. Retrieved on 2006-10-11.
- ↑ Narayana Murthy bids adieu to Infosys
- ↑ Infosys Technologies Limited (2006-04-20). "Infosys buys out Citi’s stake in Progeon". Press release. Retrieved on 2006-10-11.
- ↑ Infosys Makes it to Nasdaq 100, Infosys Press release.
- ↑ Infosys Technologies Limited (2008-08-25). "Infosys to acquire leading UK-based SAP consulting company Axon Group plc". Press release. Retrieved on 2008-08-28.
- ↑ "Summer fun". The Hindu (2004-06-14). Retrieved on 2006-10-12.
- ↑ Infosys - RFID and Pervasive Technologies
- ↑ Paxar Reinvents the Retail Experience with New Interactive RFID Mirror. | Business solutions from AllBusiness.com
- ↑ The interactive RFID fitting-room mirror
- ↑ The Hindu Business Line : Working behind the screen
- ↑ Infosys - Contact | APAC
References
- "Infosys Overview". Retrieved on 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. Retrieved on 2006-10-11.
- Bharat kumar (2002-08-07). "A twist to the tale". Business Line.
- Infosys News (2007-12-12). "Latest Happenings at Infosys". Top News.
External links
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