Infosys Technologies Ltd. (NASDAQ: INFY) was started in 1981 by seven people with US$250. Today, they are a global leader in the “next generation” of IT and consulting with revenuesof over US$ 4 billion.Infosys’ service offerings span business and technology consulting, application services, systemsintegration, product engineering, custom software development, maintenance, re-engineering,independent testing and validation services, IT infrastructure services and business processoutsourcing.Infosys has a global footprint with over 50 offices and development centers in India, China,Australia, the Czech Republic, Poland, the UK, Canada and Japan. Infosys has over 100,000employees.Infosys takes pride in building strategic long-term client relationships. Over 97% of our revenuescome from existing customers.Infosys Technologies Ltd. (NASDAQ: INFY) was started in 1981 byseven people with US$250. Today, we are a global leader in the "next generation" of IT and consulting with revenues of over US$ 4 billion.Infosys defines, designs and delivers technology-enabled business solutions that help Global2000 companies win in aFlat World.Infosys also provides a complete range of services by
leveraging our domain and business expertise andstrategic allianceswith leading technology providers.Our offeringsspan business and technology consulting, application services, systems integration,
product engineering, custom software development, maintenance, re-engineering,independent
testing and validation services,IT infrastructure servicesand business process outsourcing.
Infosys pioneered theGlobal Delivery Model (GDM), which emerged as a disruptive force in the
industry leading to the rise of offshore outsourcing. The GDM is based on the principle of takingwork to the location where the best talent is available, where it makes the best economic sense,with the least amount of acceptable risk.Infosys has aglobal footprintwith over 50 offices and development centers in India, China,Australia, the Czech Republic, Poland, the UK, Canada and Japan. Infosys and its subsidiarieshave 105,453 employees as on September 30, 2009Infosys takes pride in building strategic long-term client relationships. Over 97% of our revenuescome from existing customers.
Infosys was founded onJuly 2, 1981 inPuneby N R Narayana Murthy and seven others: Nandan
Nilekani, N. S. Raghavan, Kris Gopalakrishnan, S. D. Shibulal, K. Dinesh and Ashok Arora,
with N. S. Raghavan officially being the first employee of the company. Murthy started thecompany by borrowingINR 10,000 from his wifeSudha Murthy.The company was
incorporated as "Infosys Consultants Pvt Ltd.", with Raghavan's house in Model Colony, north-centralPuneas the registered office.In1982, Infosys opened an office inBangalorewhich soon became its headquarters.
Infosys headquarters inBangalore, India
Infosys went publicin1993. Interestingly, Infosys IPO was undersubscribed but it was "bailed
out" by US investment banker Morgan Stanleywhich picked up 13% of equity at the offer priceof Rs. 95 per share. The share price surged to Rs. 8,100 by 1999 making it the costliest share onthe market at the time.
According to Forbes magazine, since listing on theBombay Stock Exchange till the year 2000,
Infosys' sales and earnings compounded at more than 70% a year.
In the year 2000,Presidentof the United States Bill Clintoncomplimented India on its achievements in high technology
areas citing the example of Infosys.
Best Employer in India
Infosys won the GlobalMAKE (Most Admired Knowledge Enterprises) award, for the years 2003, 2004 and 2005, beingthe only Indian company to win this award and is inducted into the Global Hall of Fame for thesame.
Infosys was rated best employer to work for in 2000, 2001, and 2002 by Hewitt Associates. In2007, Infosys received over 1.3 million applications and hired fewer than 3% of applicants.
reported that Infosys, along withWiproandTataaccounted for nearly 80% of the
[H-1B] visapetitions approved in 2007 for the top 10 participants in the program.
InApril 2009, Forbesrated Infosys among the 5 best performing companies in the software and
services sector in the world.
s
50 Most Innovative Companies
.
From December 2008 till April 2009, Infosys fired over 2500 employees for poor performance.The company has been hit hard by lower income from a crisis hit European and North American
market. On April 15, 2009 Infosys reported its first ever sequential fall in its revenue in a decadeduring the March 2009 quarter.
Infosys Media Centre in Bangalore.Infosys serves various industries through its Industrial Business Units (IBU), such as:
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Banking & Capital Markets (BCM)
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Communications, Media and Entertainment (CME)
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Energy, Utilities and Services (EUS)
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Insurance, Healthcare and Life Sciences (IHL)
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Manufacturing (MFG)
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Retail, Consumer Product Goods and Logistics (RETL)
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New Markets and Services (NMS) : Non US and Non European markets, SaaS, LearningServices
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India Business Unit (IND)In addition to these, there are Horizontal Business Units (HBUs)
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Consulting (CS)
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Enterprise Solutions (ES): ERP, CRM, HCM, SCM, BI/DW, BPM-EAI
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Infrastructure Management Services (IMS)
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Product Engineering and Validation Services (PEVS)
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Systems Integration Services(SI)
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Finacle: Core Banking(Product).
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Independent Validation Solutions(IVS)
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