| Type | Subsidiary - Public NASDAQ: INFY BSE: 500209 |
|---|---|
| Founded | 2002 |
| Headquarters | Electronic City, Bengaluru, India |
| Key people | Swaminathan D, MD & CEO |
| Services | Business Process Outsourcing |
| Revenue |
$426.79 million(FY10-11) |
| Employees | 18,947 |
| Website | www.infosys.com/bpo |
Infosys BPO Limited (formerly Progeon Limited) is the BPO (Business Process Outsourcing) subsidiary of Infosys Technologies Ltd..Infosys BPO Ltd., the Business Process Outsourcing subsidiary of Infosys Limited (NASDAQ: INFY), was established in April 2002. We have more than 18,900 professionals servicing over 90 clients across several industry verticals and horizontals in our 12 delivery centers in the Americas, APAC, and Europe. The company registered revenues of $426.79 million as of March 31,2011.
Our business solutions and leadership are recognized by several global forums. We have earned Level 5, the highest rating for the e-Sourcing Capability Model (eSCM–SP: v2.0) by Carnegie Mellon University's IT Services Qualification Center (ITSqc). We are the second company in India and the third globally to receive the certification. Our senior leaders participate at industry forums such as BPO Strategists, and speak regularly at leading business schools including Harvard, Wharton, and Sloan.
The company was started as Progeon Limited in April 2002 and is today among the top party BPOs in India according to NASSCOM. It was started as a 74% and 26% joint venture between Infosys and Citibank Investments. In 2006 Infosys bought out Citibank's share at a price of Rs 592 per share, Citi having invested at Rs 0.20 per share. Initially, the CEO was Akshaya Bhargava, who was formerly at Citibank. While at the Bank, he established Citibank first captive BPO, which later became e-Serve International (acquired by TCS in 2008). Bhargava was the architect of Progeon's early strategic direction, focusing on core back office functions (away from pure voice operations prevalent in Indian BPO at that time) and built it to the 7th largest BPO firm in India. He left the organisation in 2006 and Amitabh Chaudhry, the COO took over as the CEO. In Jan 2010 Swaminathan D took over the reins of Infosys BPO from Amitabh Chaudhary, and Ritesh Idnani became the CO.
It has its headquarters in Bangalore and has operations in