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consulting and IT services company with more than 130,000 employees. From a capital of US$ 250, we have grown to become a US$ 6.04 billion (LTM March-11 revenues) company with a market capitalization of approximately US$ 41 billion. In our journey of over 29 years, we have catalyzed some of the major changes that have led to India's emergence as the global destination for software services talent. We pioneered the Global Delivery Model and became the first IT company from India to be listed on NASDAQ. Our employee stock options program created some of India's first salaried millionaires. Read more about the defining moments in Infosys' history. Milestones 2009
Infosys selected as a member of The Global Dow Employee strength grows to over 100,000
2008
Infosys crosses revenues of US$ $ 4.18 billion Annual net profits cross US$ 1 billion
2007
Infosys crosses revenues of US$ 3 billion. Employees grow to over 70,000+ Kris Gopalakrishnan, COO, takes over as CEO. Nandan M. Nilekani is appointed Co-Chairman of the Board of Directors Opens new subsidiary in Latin America Reports Q2 revenue of over US$ 1billion
2006
Infosys celebrates 25 years. Revenues cross US$ 2 billion. Employees grow to 50,000+ N. R. Narayana Murthy retires from the services of the company on turning 60. The Board of Directors appoints him as an Additional Director. He continues as Chairman and Chief Mentor of Infosys
2005
Records the largest international equity offering of US$ 1 billion from India Selected to the Global MAKE Hall of Fame
2004
2003
Establishes subsidiaries in China and Australia Expands operations in Pune and China, and sets up a development center in Thiruvananthapuram
2002
Touches revenues of US$ 500 million Nandan M. Nilekani takes over as CEO from N.R. Narayana Murthy, who is appointed Chairman and Chief Mentor Opens offices in the Netherlands, Singapore and Switzerland Sponsors secondary ADS offering Infosys and the Wharton School of the University of Pennsylvania set up The Wharton Infosys Business Transformation Awards (WIBTA) Launches Progeon, offering business process outsourcing services
2001
Touches revenues of US$ 400 million. Opens offices in UAE and Argentina, and a development center in Japan N. R. Narayana Murthy is rated among Time Magazine/CNN's 25 most influential businessmen in the world Infosys is rated as the Best Employer by Business World/Hewitt
2000
Touches revenues of US$ 200 million Opens offices in France and Hong Kong, a global development center in Canada and UK, and three development centers in the US Re-launches Banks 2000, the universal banking solution from Infosys, as Finacle
1999
Touches revenues of US$ 100 million. Listed on NASDAQ Infosys becomes the 21st company in the world to achieve a CMM Level 5 certification Opens offices in Germany, Sweden, Belgium, Australia, and two development centers in the US Infosys Business Consulting Services is launched
1998
1997
1996
1995
Opens first European office in the UK and global development centers at Toronto and Mangalore. Sets up e-Business practice
1994
Moves corporate headquarters to Electronic City, Bangalore. Opens a development center at Fremont
1993
Introduces Employee Stock Options (ESOP) program Acquires ISO 9001/TickIT certification Goes public
1987
1983
1981
Infosys is established by N. R. Narayana Murthy and six engineers in Pune, India, with an initial capital of US$ 250 Signs up its first client, Data Basics Corporation, in New York
Romil Bahl Honored for Role in Establishing Firm and Driving its Flat World Practice Fremont, Calif., July 24, 2007 : Infosys Technologies Limited (NASDAQ: INFY), a world leader in consulting and information technology services, announced today that Romil Bahl, managing director and co-founder of wholly-owned subsidiary, Infosys Consulting, was named to Consulting Magazine's 2007 Annual Top 25 Consultants list. Bahl was recognized for his leadership and management achievements in the industry and client engagements throughout his career of more than 15 years. Bahl is one of the four original founding members of Infosys Consulting. He was instrumental in creating the next-generation business consulting practice which combines best-in-class business consulting services with the global delivery model - the foundation of Infosys' services. As the lead behind Infosys Consulting's Flat World Strategies practice, Bahl has helped the company's clients become more competitive by transforming their business operations. "Several years ago, Romil changed my status with Infosys from that of a consumer of offshore services to a strong advocate for the unique value his firm can offer through their synergistic technical and process capabilities," said Michael Toomey, director, IT Solutions Delivery at Microsoft Corp. "He has a unique ability to communicate the value of IT to the board room, while providing exceptional hands-on leadership, which encourages creativity and openness. Throughout our interaction on several projects, Romil's work has helped us meet our goals while fostering innovation and ownership within the team. I look forward to many years of working together in the future." Established in April 2004, Infosys Consulting is a wholly owned subsidiary of Infosys Technologies. Infosys Consulting has changed the consulting model by delivering high quality strategy and business consulting with disciplined technology implementations. In an industry where typically only 50 percent of the projects arrive on time and on budget, Infosys Consulting has proven its engagement methodology and rigor by achieving a 94 percent on time, on budget project delivery track record.
"Consulting Magazine's recognition of Romil is testament to our emphasis on providing the best and most talented consultants to our clients," said Stephen Pratt, CEO and managing director, Infosys Consulting. "Romil is one of the best anywhere at combining strategy and technology. Clients look to Romil and our firm for help in being more competitive in this new, flat world. We congratulate him on this outstanding achievement." Bahl's recognition represents another milestone for Infosys' success in the consultancy field. Pratt was honored with the designation in 2003 and again in 2005. For more information about Infosys Consulting services, please visit: http://www.infosysconsulting.com/ About Infosys Technologies Ltd. Infosys (NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a Flat World. These solutions focus on providing strategic differentiation and operational superiority to clients. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 75,000 employees in over 44 offices worldwide. Infosys is part of the NASDAQ-100 Index. For more information, visit www.infosys.com. Safe Harbor Statements in connection with this release may include forwardlooking statements within the meaning of US Securities laws intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties including those described in our SEC filings available at www.sec.gov including our Annual Report on Form 20-F for the year ended March 31 2007 and our other recent filings, and actual results may differ materially from those projected by forward-looking statements. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.
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