Infosys is a Multi-National Company having 40 years of service in the field of Information Technology, IT Consultation and Business Consultation. The Company’s name is derived from the word Information System.
The IT giant company develops and maintains software applications, offers Business process management and consulting services. They have been updating and growing with the technology. They are now into AI Solutions, Cloud solutions and Digital Marketing as well.
Salil Parekh is the current CEO(Chief Executive Officer) and Managing Director, Pravin Rao is the COO ( Chief Operating Officer ) and whole-time Director. Nandan M.Nilekani is the Co-Founder and current Chairman of the Board.
Globally acknowledged for their quality in service and ethical values. Infosys was initially established in 1981 by N.R.Narayana Murthy and six engineers (Co-Founders) in Pune with an initial capital investment of US$ 250. The Co-Founders are Nandan M.Nilekani, S.Gopalakrishnan, S.D.Shibulal, K.Dinesh, N.S.Raghavan and Ashok Arora.
The company signed their first project with the Data Basics Corporation, Newyork. In 1987 they opened their first international Infosys office in Boston. The Company opened their first European office in 1995 in the UK. They have a major presence in India, the United States of America, China, Australia, Japan, the Middle East and Europe.
Today the company has offices in more than 40 countries with 260K or more employees. The company has a total revenue of US$ 14.2 Billion and has 1659 clients.
The India based company has their headquarters in Electronic City, Bangalore, Karnataka, India since 1994.
N.R.Narayana Murthy alias N.R.N as he is addressed by most retired from the service of the company on turning 60, in 2006. But the Board of Directors appointed him as an Additional Director. He continued since then as the Chairman and now the Chief Mentor of Infosys.
The year 1993 is special for Infosys, as Infosys introduced the Employee Stock Options Program (ESOP) and goes public. That means, they sold part of their shares to the public investors and expanded the company. It was a big decision and hence, the company is more transparent and is to this day known for ESOP where the shares were distributed to its own employees.
Infosys’s Employee Stock Options Program created India’s first few salaried millionaires.
Also, in the same year, the company acquired the ISO 9001 / TickIT certification. This tells us that the Company maintained a high quality in their software developed and the service they provided. In 1999, the company reached a revenue of USD 100million and was listed on NASDAQ.
Infosys was the first Indian IT company to be listed on NASDAQ
In 2000, Infosys launched the universal banking solution called “Finacle”. This is a universal banking software product with different modules for retail and corporate banking and this was a big hit. They have many products like this which earned them fame and revenue. Today the company is into Finance, Insurance, Manufacturing and various other domains.
In 2001, N.R.Narayana Murthy was rated as one of the top 25 most influential businessmen by Time Magazine. Also, the company was rated as the best employer by the Business World. By 2004 Infosys reaches annual revenue of USD 1 Billion and launched Infosys Consulting Inc.
Since 2003, the company has acquired more than 15 companies around the world. And continues to grow.
The Infosys Foundation was established in 1996. Through the Infosys Foundation, the company helps the under-privileged in their education, healthcare and rural development. Its mission is to work in remote states in India and promote their living standards.
The Company is known for their continued commitment towards integrity and for always making value-based decisions. They have high ethical values and give back to the community.
Infosys has always been a Pioneer in technological development and IT services as it has been in the commitment to giving back to the society.
Infosys was, is and always will be an Inspiration for Entrepreneurs.
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