Infosys

Infosys Limited is an Indian multinational corporation that

Infosys Limited
provides business consulting, information technology and
outsourcing services. It has its headquarters in Bangalore,
Karnataka, India.[3]

Infosys is the second-largest Indian IT company after Tata

Consultancy Services by 2017 revenue and 596th largest public
company in the world based on revenue.[4] On March 29, 2019,
its market capitalisation was $46.52 billion.[5] The credit rating of
the company is A− (rating by Standard & Poor's).[6]

Contents
History Infosys headquarters in Electronic
Products and services City
Geographical presence Type Public
Acquisitions Traded as BSE: 500209 (http
s://www.bseindia.co
Listing and share holding pattern
m/stock-share-pric
Employees e/x/y/500209/)
Training centre in Mysuru NSE: INFY (https://
CEOs www.nseindia.com/l
Awards and recognition ive_market/dynaCo
ntent/live_watch/get
Controversies _quote/GetQuote.js
See also p?symbol=INFY)
References NYSE: INFY (http
s://www.nyse.com/q
External links uote/XNYS:INFY)
BSE SENSEX
Constituent
History CNX Nifty
Infosys was established by seven engineers in Pune, Maharashtra, Constituent
India with an initial capital of $250 in 1981.[7] It was registered ISIN US4567881085
as Infosys Consultants Private Limited on 2 July 1981.[8] In Industry IT services, IT
1983, it relocated its office to Bangalore, Karnataka, India. consulting
Founded 7 July 1981
The company changed its name to Infosys Technologies Private
Limited in April 1992 and to Infosys Technologies Limited when Founders N.R. Narayana
it became a public limited company in June 1992. It was later Murthy
renamed to Infosys Limited in June 2011.[9] Nandan Nilekani
An initial public offer (IPO) in February 1993 with an offer price S. Gopalakrishnan
of ₹95 (equivalent to ₹510 or US$7.20 in 2018) per share against S. D. Shibulal
book value of ₹20 (equivalent to ₹110 or US$1.50 in 2018) per K. Dinesh
share was undersubscribed but it was "bailed out" by US N. S. Raghavan
investment bank Morgan Stanley, which picked up 13% of equity
Ashok Arora
at the offer price.[10] Its shares were listed in stock exchanges in
June 1993 with trading opening at ₹145 (equivalent to ₹790 or Headquarters Bangalore,
Karnataka, India
US$11 in 2018) per share.[11]
Area served Worldwide
Its shares were listed on NASDAQ in 1999 through ADR route. Key people Nandan Nilekani
The share price surged to ₹8,100 (equivalent to ₹26,000 or (Chairman)
US$360 in 2018) by 1999 making it the costliest share on the Salil S. Parekh
market at the time. At that time, Infosys was among the 20 (MD & CEO)[1]

biggest companies by market capitalization on the NASDAQ.[10] Services Outsourcing ·

The ADR listing was shifted from NASDAQ to NYSE Euronext Consulting ·
to give its European investors better access to its stock.[12] Managed services
Infosys Q3 net profit rises 23.7% to Rs 4,466cr in the month of Revenue US$12.4 billion
january 2020 even after all the whistleblower complaints which (2019)[2]
was not proven after investigation. Operating US$2.7 billion
income (2019)[2]
Its annual revenue reached US$100 million in 1999, US$1 billion Net income US$2.2 billion
in 2004 and US$10 billion in 2017.[8] (2019)[2]
Total assets US$12.2 billion
In 2012, Infosys announced a new office in Milwaukee,
(2019)[2]
Wisconsin, to serve Harley-Davidson, being the 18th
Total equity US$9.4 billion
international office in the United States.[13][14] Infosys hired
(2019)[2]
1,200 United States employees in 2011, and expanded the
workforce by an additional 2,000 employees in 2012.[14] In April Number of 243,454 (Dec
employees 2019)[2]
2018 Infosys announced expanding in Indianapolis, Indiana. The
development will include more than 120 acres and is expected to Divisions Infosys BPM
result in 3,000 new jobs—1,000 more than previously announced. EdgeVerve
Systems
In July 2014, Infosys started a product subsidiary called Infosys Consulting
EdgeVerve Systems, focusing on enterprise software products for
Website www.infosys.com (h
business operations, customer service, procurement and ttp://www.infosys.co
commerce network domains.[15] In August 2015, the Finacle m/)
Global Banking Solutions assets were officially transferred from Footnotes / references
Infosys and became part of the product company EdgeVerve [2]
Systems product portfolio.[16]

Products and services

Infosys provides software development, maintenance and
independent validation services to companies in finance,
insurance, manufacturing and other domains.[17]
Infosys, Bangalore
One of its known products is Finacle which is a universal banking
solution with various modules for retail & corporate banking.[18]
Its key products and services are:

NIA – Next Generation Integrated AI Platform (formerly

known as Mana)
Infosys Consulting – a global management consulting
service
Infosys Information Platform (IIP) – Analytics platform
EdgeVerve Systems which includes Finacle, a global
banking platform Glass building in Pune campus
Panaya Cloud Suite
Skava

Geographical presence
Infosys has 82 sales and marketing offices and 123 development
centres across the world as of March 31, 2018, with major
presence in India, United States, China, Australia, Japan, Middle
East and Europe.[19][20]

In 2019, 60%, 24% and 3% of its revenues were derived from

projects in North America, Europe and India, respectively.
Remaining 13% of revenues were derived from rest of the
Main block in Chennai campus
world.[21]

Acquisitions
 Name of acquired Acquisition Acquisition
Based in Business of acquired company
company cost date

Expert Information Dec

Australia US$23 million IT service provider
Services 2003[22][23]

McCamish Systems USA US$38 million Dec 2009[24] Insurance and financial services

Jan Strategic sourcing and category

Portland Group Australia AUD 37 million
2012[25][26] management

Lodestone Holding AG Switzerland US$345 million Sep 2012[27] Management consultancy

Mar
Panaya Israel US$200 million Automation technology
2015[28][29]
Apr
Skava USA US$120 million Digital experience solutions
2015[30][31]
Information management consulting
Noah-Consulting USA US$70 million Nov 2015[32]
services
Undisclosed
Skytree USA Apr 2017[33] Machine learning
amount
Product design and customer
Brilliant Basics UK GBP 7.5 million Aug 2017[34]
experience
Salesforce advisor and consulting
Fluido Oy Finland EUR 65 million Oct 2018[35]
partner
Advertising and creative strategy
WongDoody USA US$75 million Jan 2019[36]
services
EUR 127.5
Stater N.V. Netherlands Apr 2019 Mortgage services
million

Simplus USA-AU TBD Feb 2020[37] Salesforce Partner

Listing and share holding pattern

In India, shares of Infosys are listed on the BSE where it is included in BSE SENSEX and NSE where it
is included in CNX Nifty. Its shares are listed by way of American depositary receipts (ADRs) at the
New York Stock Exchange.

Over a period of time, the shareholding of its promoters has gradually reduced, starting from June 1993
when its shares were first listed. The promoters' holdings reduced further when Infosys became the first
Indian-registered company to list Employees Stock Options Schemes and ADRs on NASDAQ on 11
March 1999.[38] The promoter holding on 31 March 2002 was 28.72%[39] and at 30 June 2017 it dropped
to 12.75% as they gradually sold their shares and reduced involvement in active management of the
company.
 Shareholders (as of 30 June 2017)[40][41] Shareholding

Promoters group 12.75%

Foreign institutional investors (FII) 37.47%
ADR 16.70%
Individual shareholders 09.83%
Banks, financial institutions and insurance
11.24%
companies
A building in Thiruvananthapuram
Mutual funds 08.97%
campus
Others 03.04%
Total 100.00%

Employees
Infosys had a total of 243,454 employees at the end of December 2019, out of which 37.8% were
women.[21] Out of its total workforce, 229,658 are software professionals and remaining 13,796 work for
support and sales.[21] In 2016, 89% of its employees were based in India.[42]

During financial year 2019, Infosys received 2,333,420 applications from prospective employees,
interviewed 180,225 candidates and had a gross addition of 94,324 employees, a 4% hiring rate. These
numbers do not include its subsidiaries.[42]

The attrition rate of Infosys Ltd., including its subsidiaries, for financial year 2019 was 21.5%.[42]

Training centre in Mysuru

As the world's largest corporate university, the Infosys global
education centre in the 337 acre[43] campus has 400 instructors
and 200+ classrooms,[44] with international benchmarks at its
core. Established in 2002, it had trained around 1,25,000
engineering graduates by June 2015.[44] It can train 14,000
employees at a given point of time on various
technologies.[45][46]

The Infosys Leadership Institute (ILI), based in Mysuru, has 96

The Development Centre in Mysuru
rooms and trains about 400 trainees (called Infoscions) campus
annually.[46] Its purpose is to prepare and develop the senior
leaders in Infosys for current and future executive leadership
roles.

The Infosys Training Centre in Mysuru also provides a number of extracurricular facilities like tennis,
badminton, basketball, swimming pool and gym.

CEOs
Since its establishment in 1981 till 2014, the CEOs of Infosys were its promoters, with N.R. Narayana
Murthy leading the company in its initial 21 years. Dr Vishal Sikka was the first non-promoter CEO of
Infosys who worked for around 3 years.[47][48][49] Dr Vishal Sikka resigned in August 2017. In a
personal note to board colleagues,[50] Sikka cites a "drumbeat of distractions" and "false, baseless,
malicious and increasingly personal attacks" as his reason for leaving Infosys.[51] Many sources suspect
this is in reference to a long running feud with Infosys Founders over the new direction Sikka was
reportedly taking Infosys.[52][53][54] After his resignation, UB Pravin Rao was appointed as Interim CEO
and MD of Infosys.[55] Infosys appointed Salil Parekh chief executive officer (CEO) and managing
director (MD) of the company with effect from January 2, 2018,[1] (http://www.upcomingipocalendar.co
m/ten-things-to-know-about-salil-s-parekh-the-new-infosys-ceo-and-md/).[56]

CEOs
Name Period
Narayan 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 August 2014 to August 2017
Salil S. Parekh, current
UB Pravin Rao (interim) August 2017 to December 2017[55] CEO & MD
Salil S. Parekh January 2018 onwards[57]

Awards and recognition

In 2019, Infosys was ranked as the 3rd Best Regarded Company in the World by Forbes.[58]
In 2017, HfS Research included Infosys in Winner's Circle of HfS Blueprint for Managed
Security Services, Industry 4.0 services and Utility Operations.[59][60][61]
In 2013, Infosys was ranked 18th largest IT services provider in the world by HfS
Research.[62] In the same year, it was ranked 53rd in Forbes list of World's Most Innovative
Companies.[63]
In 2012, Infosys was ranked No. 19 amongst the world's most innovative companies by
Forbes.[64] In the same year, Infosys was in the list of top twenty green companies in
Newsweek's Green Rankings for 2012.[65]
In 2006, Institute of Chartered Accountants of India included Infosys into Hall of Fame for
being the winner of Best Presented Accounts for 11 consecutive years.[66]

Controversies
Accusation of visa fraud in the USA

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,[67] it along with another similar case,[68][69][70] 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.[71]

In October 2013, Infosys agreed to settle the civil suit with US authorities by paying US$34 million.[72]
Infosys refused to admit guilt and stressed that it only agreed to pay the fine to avoid the nuisance of
'prolonged litigation'.[73] 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".[74]

Displacement of American workers at Southern California Edison and Disney

In 2015, the United States Department of Labor began an investigation of Infosys after claims were made
that the company used workers with H-1B visas to replace workers at Disney and Southern California
Edison. The investigation did not find any wrongdoing.[75]

See also
List of IT consulting firms
List of IT companies in India
List of acquisitions by Infosys BPO Limited

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External links
Official website (http://www.infosys.com)
Business data for Infosys Ltd: SEC filings (https://www.sec.gov/cgi-bin/browse-edgar?action
=getcompany&CIK=1067491)

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