The company was started as Progeon Limited in April

2002 and is today amongst the top 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, Citibank having invested at Rs 0.20
per share.
In September 2012, Infosys BPO acquired US-based
Marsh BPO for an undisclosed amount to expand its
presence in the group life insurance space. Marsh BPO,
based in Des Moines, Iowa has 87 employees and serves
seven insurers and covers more than 600,000 insured
lives. Marsh BPO will be absorbed in McCamish
Systems.
In January 2012, Infosys BPO acquired Australia-based
Portland Group for about AUD 37 million. Portland
Group provides strategic sourcing and category
management services.

In December 2009, Infosys BPO acquired Atlanta-
based McCamish Systems for about $38 million.
In July 2007, Infosys BPO signed a $28 million
deal to acquire finance back-offices of Royal
Philips spread in India, Poland and Thailand.