Infosys

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Infosy Limited

POWERED BY INTELLECT
DRIVEN BY VALUES
Type
Public
Traded as
BSE: 500209
NSE: INFY
NYSE: INFY
BSE SENSEX Constituent
CNX Nifty Constituent
Industry
IT services, IT consulting
Founded
1981 july 2nd
Founders
Narayan Murthy
Nandan Nilekani
Raghavan
S. Gopalakrishnan
S.D. Shibulal
K. Dinesh
Headquarters
Electronics City, Bangalore, Karnataka, India
Area served
Worldwide
Key people
K. V. Kamath (Chairman of the Board)
Vishal Sikka (CEO & MD)
S. Gopalakrishnan (Executive Vice Chairman)
Services
IT, business consulting and outsourcingservices
Revenue
40,133 crores (US$ 6.4 billion) (2014)
[1]

Operating income
13,381 crores (US$ 1.98 billion) (2014)
[1]

Profit
10,648 crores (US$ 1.75 billion) (2014)
[1]

Total assets
US$ 9.53 billion (2014)
[1]

Total equity
US$ 8.33 billion (2014)
[1]

Employees
160,405 (31 March 2014)
[2]

Divisions
Infosys BPO
Lodestone Management Consultants
Infosys Public Services
Website
infosys.com
Infosys (formerly Infosys Technologies) is an Indian multinational corporation that provides business
consulting, information technology, software engineering and outsourcing services. It is
headquartered in Bangalore, Karnataka.
[3]
Infosys is the third-largest India-based IT services
company by 2014 revenues,
[4]
and the fifth largest employer of H-1B visa professionals in the United
States in FY 2013.
[5]
On 31 March 2014, its market capitalisationwas 188,510 crores ($31.11
billion), making it India's fifth largest publicly traded company.
[6][7]

Contents
[hide]
1 History
o 1.1 Listings
2 Operations
3 Products and Services
4 Acquisitions
5 Current shareholding
6 Initiatives
7 Employees
o 7.1 Training Centre in Mysore
o 7.2 List of CEOs
8 Awards and recognitions
9 Controversies
10 See also
11 References
12 External links
History[edit]
Infosys was co-founded in 1981 by N. R. Narayana Murthy,Nandan Nilekani, N. S. Raghavan, S.
Gopalakrishnan, S. D. Shibulal, K. Dinesh and Ashok Arora after they resigned from Patni Computer
Systems.
[citation needed]
The company was incorporated as "Infosys Consultants Pvt Ltd." with a capital of
Rs. 10,000 (roughly $250) in Model Colony, Pune as the registered office and signed its first client,
Data Basics Corporation, in New York
[citation needed]
In 1983, the company's corporate headquarters was
relocated to Bangalore.
Change in name: It changed its name to "Infosys Technologies Private Limited" in April 1992 and to
"Infosys Technologies Limited" when it became a public limited company in June 1992. It was later
renamed to "Infosys Limited" in June 2011.
[8]

On 1 June 2013, Mr. Narayana Murthy, one of the founding members of Infosys and its long time
CEO, returned from his retirement to assume office in Infosys as its Executive Chairman.
[9][10]

Listings[edit]
Infosys made an initial public offer (IPO) in February 1993 with an offer price of Rs. 98 per share
against book value of Rs. 10 per share. The Infosys IPO was under subscribed but it was "bailed
out" by US investment bank Morgan Stanley which picked up 13% of equity at the offer price.
[11]
Its
shares were listed in stock exchanges in June 1993 with trading opening at Rs. 145 per share.
[12]

In October 1994, it made a private placement of 5,50,000 shares at Rs. 450 each against book value
of Rs. 10 per share to Foreign Institutional Investors (FIIs), Financial Institutions (FIs) and
Corporates.
[citation needed]

In March 1999, it issued 2,070,000 ADSs (equivalent to 1,035,000 equity shares of par value of Rs.
10 each) at US $34 per ADS under the American Depositary Shares Program and the same were
listed on the NASDAQ National Market in US. The total issue amount was US $70.38 million.
[citation
needed]

The share price surged to Rs. 8,100 by 1999 making it the costliest share on the market at the time.
At that time, Infosys was among the 20 biggest companies by market capitalization on the
NASDAQ.
[11]

During July 2003, June 2005 and November 2006, it made secondary ADS issues of US $294
million, US $1.07 billion and US $ 1.605 billion respectively.
[citation needed]

In December 2012, Infosys transferred the listing of its American Depositary Shares (ADS) from the
NASDAQ to the NYSE.
[13]

The credit rating of the company is A- (given by Standard & Poor's on 13-Dec-2013).
[14]

Operations[edit]

The Headquarters of Infosys is located in Bengaluru
On 31 March 2014, Infosys had 890 clients across 30 countries.
[3][15]

Locations: Infosys has a global presence with 73 offices and 94 development centers in the United
States, India, China, Australia, Japan, Middle East, and Europe.
[16]

In recent years, Infosys has begun shifting operations to the United States and other countries. In
2012, Infosys announced a new office in Milwaukee, Wisconsin to service Harley-Davidson, being
the 18th international office in the United States.
[17][18]
Infosys hired 1,200 United States employees in
2011, and expanded the workforce by an additional 2,000 employees in 2012.
[18]

Products and Services[edit]

This section does not cite any references or sources. Please help improve this
section by adding citations to reliable sources. Unsourced material may be challenged
and removed. (September 2014)
It provides software development, maintenance and independent validation services to companies in
banking, finance, insurance, manufacturing and other domains.
One of its known products is Finacle which is a universal banking solution with various modules for
retail and corporate banking.

Glass building in Pune campus
Acquisitions[edit]
In December 2003, Infosys had acquired Australia-based IT service
provider Expert Information Services for $23 million.
[19][20]

In December 2009, Infosys BPO acquired Atlanta-based McCamish
Systems for about $38 million.
[21]

In January 2012, Infosys BPO acquired Australia-based Portland
Group, provider of strategic sourcing and category management
services, for about AUD 37 million.
[22][23]

In September 2012, Infosys acquired Switzerland-based Lodestone
Management Consultants for about $345 million.
[24]

Current shareholding[edit]

A building in Thiruvananthapuramcampus
Shareholders (as on 31-Mar-2014) Shareholding
[1]

Promoters group 15.94%
Foreign Institutional Investors (FII)

ADR 16.10%
Individual shareholders 09.95%
Banks, Financial Institutions and Insurance Companies 09.08%
Mutual Funds 04.58%
Others 02.25%
Total 100.00%
Initiatives[edit]

Main block in Chennai campus
Infosys Foundation
In 1996, Infosys established the Infosys Foundation, to support the underprivileged sections of
society.
[25]
At the outset, the Infosys Foundation implemented programs inKarnataka. It subsequently
covered Tamil Nadu, Andhra Pradesh, Maharashtra,Odisha, and Punjab in a phased manner. A
team at the Foundation identifies programs in the areas of Healthcare, Education, Culture, Destitute
Care and Rural Development.
[26]

Academic Entente
Infosys' Global Academic Relations team forges Academic Entente(AcE)
[clarification needed]
with academic
and partner institutions.
[27]
It explores co-creation opportunities between Infosys and academia
through case studies, student trips and speaking engagements. They also collaborate on
technology, emerging economies, globalization, and research. Some initiatives include research
collaborations, publications, conferences and speaking sessions, campus visits and campus hiring.
[28]

Infosys Labs
Infosys Labs is organized as a global network of research labs and innovation hubs.
[29]

Infosys Labs collaborates with leading national and international universities such as the University
of Southern California Viterbi School of Engineering,
[30]
University of Cambridge, Queens University
of Belfast,
[31]
University of Illinois at Urbana-Champaign, Indian Institute of Technology Bombay, IITB-
Monash Research Academy, Indraprastha Institute of Information Technology, Delhi, Indian Institute
of Science, Bangalore, Purdue University,
[32]
Indian Institute of Information Technology, Bangalore.
[33]

Infosys Prize
Infosys Prize is an annual award given to scientists, researchers, engineers and social scientists in
India. It is given by the Infosys Science Foundation, a not-for-profit trust which was set up in
February 2009 by Infosys and some members of its Board. The prize is given under six categories.
Each category includes a gold medallion, a citation certificate, and prize money of Rs. 55 Lakh.
[34][35]

Employees[edit]

The Development Center in Mysorecampus
Infosys has a total of 160,405 employees as of 31 March 2014, of which 34.7% were women. Its
workforce consists of employees representing 89 nationalities working from 32 countries.
[36]
Out of its
total workforce, 79% are software professionals, 15% are working in its BPO arm and remaining 5%
work for support and sales.
[15]
The attrition rate of Infosys Ltd., excluding its subsidiaries, for 12
months ending 31 March 2014, was 18.7%.
[15]

During FY 2013-14, Infosys received 911,220 applications from prospective employees and had a
gross addition of 39,985 employees.
[37]

Training Centre in Mysore[edit]
As the world's largest corporate university, the Infosys global education centre in the 340
acre
[38][39]
campus has 500 instructors and 200 classrooms, with international benchmarks at its
core.
[40]
Established in 2002, it had trained around 100,000 engineering graduates by June 2012.
[40]
It
can train 12,000 employees with 3 batches of 4000 employees for 4 months each.
[41][42]

Infosys Leadership Institute (ILI)
ILI based in Mysore has 96 rooms and trains about 400 Infoscians annually to become the
'leaders'.
[42]

List of CEOs[edit]
Name Period
N. R. Narayana Murthy 1981 to March 2002
Nandan Nilekani March 2002 to April 2007
S Gopalakrishnan April 2007 to August 2011
S D Shibulal August 2011 to July 2014
Vishal Sikka 1st - August 2014 to date
[43][44]

Awards and recognitions[edit]
Infosys was ranked 15th largest IT services provider in the world by
HfS Research in its 2013 ranking.
[45]

Infosys was ranked #19 amongst the world's most innovative
companies by Forbes.
[46]

The company was ranked number one among the best managed
companies in Asia Pacific in the annual Euromoney BestManaged
Companies in Asia survey, 2013 and named a leader in The
ForresterWave: Enterprise Mobility Services, Q1 2013 report.
[47]

Infosys was identified as one of the top 25 performers in Caring for
Climate Initiative by UN Global Compact and UN Environment
Program the only global consulting and technology major in the
list.
[48]

The company also won the Oracle Excellence Award for
Specialized Partner of the Year North America in both Financial
Management and Human Capital Management categories, at
Oracle OpenWorld2012.
[49]

Boston Consulting Group has listed it in the list of top ten
technology companies for total shareholder return.
[50]
Infosys was in
the list of top twenty green companies in Newsweek's Green
Rankings for 2012.
[51]

It has been voted India's most admired company in The Wall Street
Journal Asia 200
[52]
every year since 2000 The company's corporate
governance practices were recognized by The Asset Platinum
award
[53]
and the IR Global Rankings.
[54]
Infosys was also ranked as
the 15th most trusted brand in India by The Brand Trust Report.
Infosys Cloud Ecosystem Hub won the 2012 Golden Peacock
Award for the most innovative product/service.
[55]

Controversies[edit]
In 2011, Infosys was accused of committing visa fraud by using B-1 (visitor) visas for work
requiring H-1B (work) visas. The allegations were initially made by an American employee of Infosys
in an internal complaint. He subsequently sued the company, claiming that he was harassed and
sidelined after speaking out. Although that case was dismissed,
[56]
it along with another similar
case,
[57][58][59]
brought the allegations to the notice of the US authorities - and the U.S. Department of
Homeland Security and a federal grand jury started investigating.
[60]

In October 2013, Infosys agreed to settle the civil suit with US authorities by paying US$ 34
million.
[61]
Infosys refused to admit guilt and stressed that it only agreed to pay the fine to avoid the
nuisance of 'prolonged litigation'.
[62]
In its statement the company said "As reflected in the settlement,
Infosys denies and disputes any claims of systemic visa fraud, misuse of visas for competitive
advantage, or immigration abuse. Those claims are assertions that remain unproven".
[63]

In July 2014 Former US employees of Infosys have filed a lawsuit against it for alleging
discrimination because of their inability to communicate in Hindi. According to the lawsuit filed in the
US District Court of Eastern District of Wisconsin, the former employees alleged that they were
"excluded" from work conversations by their supervisors and co-workers who "regularly spoke in
Hindi" in front of them. The case has been filed by Layla Bolten, Gregor Handloser and two more
employees. Bolten was hired as a tester, while Handloser was hired by Infosys in 2004 as a sales
manager.
[64]

See also[edit]
List of IT companies in India
List of acquisitions by Infosys BPO Limited
Companies portal

Information technology portal

References[edit]
1. ^ Jump up to:
a

b

c

d

e

f
"Form 6-K filed by Infosys Limited on 18-Apr-
2014". www.sec.gov. Retrieved 7 Jun 2014.
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b

c
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a

b
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b
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a

b
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54. Jump up^ "IR Global Rankings". Retrieved 29 October 2012.
55. Jump up^ "Innovative Product/Service Award". Retrieved 17 June
2013.
56. Jump up^ Preston, Julia (20 August 2012). "Judge dismisses
Infosys suit". The New York Times (New York Times). Retrieved 29
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57. Jump up^ "Former Employee Sues Infosys", 9 August 2012, Wall
Street Journal
58. Jump up^ "Infosys slashed 80% of my portfolio", Shayan Ghosh,
14 August 2012, Deccan Herald
59. Jump up^ "Infosys says settles whistleblower...", 14 Dec
2012,Indian Express
60. Jump up^ Thibodeau, Patrick. "Whistleblower to continue helping
U.S. Infosys probe". Computerworld. Retrieved 2012-09-27.
61. Jump up^ "Infosys to pay $34m fine within 10 days. settlement not
to affect future visas". Times of India. 31 October 2013. Retrieved
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62. Jump up^ "Infosys doesnt admit to guilt, but will pay $34 mn US
visa fine". First Post. 31 October 2013. Retrieved 2 November
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63. Jump up^ "Infosys settles visa fraud investigation, pays
$34m".Times of India. 30 October 2013. Retrieved 2 November
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64. Jump up^ "Former US employees of Infosys file a law
suit".Deccan-Journal. Retrieved 18 July 2014.
External links[edit]

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