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Infosys Limited is an Indian multinational information technology (IT) and consulting services company. TCS is headquartered in Bengaluru, which is also known as the technology capital of India. It is a global leader in IT services, consulting and business solutions. Infosys is a leader in the global IT services industry.
In addition, Infosys offers its customers a wide range of services, including: -.
- IT infrastructure services
- Business Process Outsourcing Services
- Engineering and industrial services
- Global advice
- Asset-based solutions.
Infosys operates in industries such as banking, financial services and insurance, manufacturing, retail and distribution. In terms of revenue, Infosys is the second largest Indian IT company, closely followed by TCS.
This article provides a brief introduction to Indian technology giant Infosys.
HISTORY OF INFOSYS
Infosys was launched through the efforts of seven engineers: N.R. Narayan Murthy, Nandan Nilekani, S. Gopalakrishnan, S.D. Shibulal, K. Dinesh, N.S. Raghavan and Ashok Arora. Infosys started as a private consulting firm in Pune, Maharashtra. The second one. In July 1981, the name was changed to Infosys Consultants Private Limited. After two years in business, Infosys moved its headquarters to Silicon Valley in India and then to Bangalore in 1983. In 1981, the company’s initial funding was only $250.
Between 1981 and 2011, the company went through several name changes. In April 1992, the company name was changed to Infosys Technologies Private Limited. The company was subsequently transformed into Infosys Technologies Limited in June 1992, when it became a public limited company.
In June 2011, the company was renamed Infosys Limited.
EARLY FIGHTS AND THEFTS IN CASES
The initial years were difficult for the company as TCS had been around for a long time and was well established in the Indian market. Infosys was floated in 1993 with an initial public offering price of ₹ 95 (equivalent to ₹550 or US$7.80 in 2019) per share versus a book value of ₹20 (equivalent to ₹120 or US$1.60 in 2019) per share.
However, the company was not doing well and the IPO was understated. However, with external support from the US investment bank Morgan Stanley, Infosys was able to hold its own in the market. Morgan Stanley acquired 13% of the shares at the offer price. In 1999, and this was synonymous with success, Infosys was able to list its shares on the Nasdaq Stock Exchange in the form of American Depositary Receipts. This is a great success for an Indian company.
Moreover, in 2000, Infosys had expanded its business to enormous heights. In fact, it was one of the 20 largest companies listed on the Nasdaq exchange. Infosys’ tremendous growth is reflected in its annual revenues, which were about $100 million in 1999, grew to $1 billion in 2004 and $10 billion in 2017.
GLOBAL PRESENCE AND SUBSIDIARIES OF INFOSYS
In the three decades of its existence, Infosys has expanded into every corner of the globe. Today Infosys is present in more than 50 countries with 80 sales and marketing offices and 125 development centers. Infosys has a number of subsidiaries around the world, making its operations global.
Major companies acquired by Infosys between 2002 and 2020 include Portland Group, Skytree, GuideVision, Kaleidoscope, Noah-Consulting, Expert Information Services, Lodestone Holding AG, WongDoody and many others.
Infosys is listed on most major stock exchanges in the world. The company is listed on the Indian BSE, where it is part of the BSE SENSEX index, and on the NSE, where it is part of the NIFTY 50 index. The company is also listed on the US Nasdaq stock exchange, where it was the first listed company in India to list its employee stock option plans and ADRs.
INFOSYS PRODUCTS AND SERVICES
Infosys is a leader in the global IT services industry. Infosys offers its clients a wide range of services, including: -.
- IT infrastructure services
- Business Process Outsourcing Services
- Engineering and industrial services
- Global advice
- Asset-based solutions.
Infosys operates in industries such as banking, financial services and insurance, manufacturing, retail and distribution. In terms of revenue, Infosys is the second largest Indian IT company, closely followed by TCS.
- The Finacle universal banking solution is one of Infosys’ most popular services for personal and business banking.
- The Next Generation Integrated AI (NIA) platform is also a very popular project of Infosys.
Infosys’ core services also include Infosys Consulting Services, Infosys Information Platform (IIP), Infosys Engineering Services, Infosys Digital Marketing Services, EdgeVerve, Panaya Cloud Suite and Skava.
LEADERSHIP AT INFOSYS
The company’s success is largely due to its management. Moreover, Infosys has had many capable leaders over the four decades of its existence.
- When the company was established in 1981, N.R. Narayana Murthy, one of the seven founders, was appointed CEO. He held this position for the next 21 years and built the company into a truly global enterprise.
- After Murthy, the top job was given to Nandan Nilekani in 2002 who held it until 2007.
- S. Gopalakrishnan succeeded Nilekani in April 2007 and remained CEO of Infosys until August 2011.
- In addition, S. D. Shibula became CEO of the Company from August 2011 to July 2014.
- Vishal Sikka then took the reins of the company for 3 years and remained CEO from August 2014 to August 2017.
- UB Pravin Rao served as CEO during the transition period from August 2017 to December 2017.
- Finally, Salil S. Parekh was appointed CEO of the company in January 2018.
INFOSYS EMPLOYEES AND TRAINING CENTRES
Infosys directly employs more than 2,500 people worldwide. It is also interesting to note that women make up about 40% of the total workforce. Infosys Training Institute is located in Mysuru. The Infosys Leadership Institute (ILI), based in Mysuru, trains about 4,000 people annually for various positions within the company. Infosys also operates the world’s largest corporate university, the Infosys Global Education Center, which trains thousands of engineering graduates each year.
CORPORATE AWARDS AND RECOGNITIONS
Infosys has contributed to the Indian and global economy through its various products and services, for which the company has received various awards and recognitions across the globe.
- Infosys was also inducted into the Institute of Chartered Accountants of India (ICAI) Hall of Fame in 2006 for winning the Best Reporting category for 11 consecutive years.
- In addition, Infosys was ranked among the most innovative companies in the world by Forbes in 2012.
- In 2013, Infosys ranked 53rd on Forbes’ list of the world’s most innovative companies.
- Moreover, in the same year, HfS Research was ranked as the 18th largest IT services provider in the world.
- Infosys is also ranked #3 by Forbes in 2019 as one of the most respected companies in the world.
- Infosys is also among the 2017 HfS Blueprint winners for Managed Security Services, Industry 4.0 Services and Utility Operations.
- In 2019, Infosys received the United Nations Global Climate Action Award in the Immediate Climate Neutrality category for its environmental protection actions.
- In addition, Infosys was ranked first in the HFS Top 10 Agile Software Development 2020 report.
- In addition, Infosys was named one of the top 20 greenest companies in Newsweek’s Green Rankings.
- Avasant in 2020 has recognized Infosys as a leader in digital services for the retail and FMCG sectors.
CURRENT MARKET POSITION OF INFOSYS
In terms of technology and IT, Infosys is the second largest company in India and TCS’s closest neighbor. Forbes Global 2000 ranks Infosys 602nd among publicly traded companies worldwide in terms of revenue growth. At the end of 2020, the company had a market capitalization of $71.92 billion and its profits were rising despite a slowdown amid recent catastrophes.
By 2020, Infosys will have a turnover of Rs 93,594 million ($13 billion) and an operating profit of Rs 22,007 million ($3.1 billion). In the same year, the company had a net profit of about ₹ 16,639 ($2.3 billion), total assets of ₹ 92,768 ($13 billion) and equity of ₹ 65,450 ($9.2 billion).
Infosys BPM, EdgeVerve Systems and Infosys Consulting are the core businesses of Infosys, which employs more than 2,500 people worldwide.
Nandan Nilekani is the current chairman of the group and Salil Parekh is the current director and CEO of Infosys Group.
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