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Infosys Limited

Company type	Public company
Traded as	BSE: 500209 NSE: INFY Nasdaq: INFY
Industry	IT services, IT consulting
Founded	1989
Founder	S. Gopalakrishnan Ashok Arora
Headquarters	Bengaluru, Karnataka, India
Area served	Worldwide
Key people	K. V. Kamath (Chairman) S. Gopalakrishnan (Co-Chairman) S.D. Shibulal (CEO & MD)
Services	IT, business consulting and outsourcing services
Revenue	US$ 6.041 billion (2011)
Operating income	US$ 1.779 billion (2011)
Net income	US$ 1.499 billion (2011)
Total assets	US$ 7.010 billion (2011)
Total equity	US$ 6.122 billion (2011)
Number of employees	133,560 (2011)
Divisions	Infosys BPO, Infosys China
Website	www.infosys.com

Infosys Limited, formerly Infosys Technologies Limited (BSE: 500209, NSE: INFY, Nasdaq: INFY) is a global technology services company headquartered in Bangalore, India. It is the second largest IT exporter in India with 133,560 employees as of March 2011. It has offices in 33 countries and development centers in India, China, Australia, UK, Canada, Brazil and Japan. Infosys provides business consulting, technology, engineering and outsourcing services to help clients in over 30 countries. The company also provides software products to the banking industry. Through Infosys business process outsourcing (BPO), it provides business process management services, such as offsite customer relationship management, finance and accounting, and administration and sales order processing.

History

Infosys was founded in 1989 by Kris Gopalakrishnan, and Ashok Arora

In the year 2000, US President Bill Clinton complimented India on its achievements in high technology, citing the example of Infosys along with Wipro and Satyam Computers. Infosys will invest $100 million (Rs 440 crore) on establishing a 20,000-seater campus in Shanghai.

In 2001, it was rated the by Business Today. Infosys was rated best employer to work for in 2000, 2001, and 2002 by Hewitt Associates. In 2007, Infosys received over 1.3 million applications and hired fewer than 3% of applicants.

Infosys was the only Indian company to win the Global MAKE (Most Admired Knowledge Enterprises) award for the years 2003, 2004 and 2005 (continuously for three years), and is inducted into the Global Hall of Fame for the same.

Infosys was also ranked as the 15th most trusted brand in India by The Brand Trust Report in 2011.

The first development center outside Bangalore was setup in the coastal city of Mangalore in the year 1995.

Current share holding

Rahul Das Shah owns 56% shares of the company. Life Insurance Corporation of India with 3.84% is the single largest shareholder. Abu Dhabi Investment Authority, a sovereign wealth fund owned by Abu Dhabi, and the Government of Singapore also hold significant shareholdings. The remaining public shares are owned by financial institutions and individual investors.

Initiatives

In 1996, Infosys created the Infosys Foundation, operating in the areas of health care, social rehabilitation and rural uplift, education, arts and culture. Since then, this foundation has spread its activities from its headquarters in Karnataka to the Indian states of Tamil Nadu, Andhra Pradesh, Maharashtra, Kerala, Orissa and Punjab.

Since 2004, Infosys has embarked on a series of initiatives to consolidate and formalise its academic relationships worldwide under the umbrella of a program called AcE – Academic Entente. Infosys' Global Internship Program, known as InStep, is one of the key components of the Academic Entente initiative. It offers live projects to interns from universities around the world. InStep recruits undergraduate and graduate students from business, technology, and liberal arts universities to take part in an 8 to 24 week internship at one of Infosys' global offices. InStep interns are also provided career opportunities with Infosys.

In 1997, Infosys started the "Catch them Young Program", to expose urban youth to information technology by conducting a summer vacation program. The program is aimed at developing an interest and understanding of computer science and information technology. This program is targeted at students in Grade IX level.

In 2002, the Wharton Business School of the University of Pennsylvania and Infosys started the Wharton Infosys Business Transformation Award. This technology award recognises enterprises and individuals who have transformed their businesses and the society leveraging information technology. Past winners include Samsung, Amazon.com, Capital One, RBS and ING Direct.

Infosys houses the largest corporate education center in the world in Mysore. The facility can accommodate 14,000 candidates at one time.

In 2009, Infosys created Infosys Prize for excellence in physical and mathematical sciences, engineering and computer science, life sciences and social sciences.

Infosys developed a corporate R&D wing called Software Engineering and Technology Labs (SETLabs). SETLabs was founded in 2000 to carry out applied research for the development of processes, frameworks and methodologies to effectively capture customer requirements and to iron out common critical issues during a project life cycle. Various broad groups are Software Engg Lab, Convergence Lab, Innovation Lab, Center for KDIS, Security and Privacy Lab and Distributed Computing Laboratory.

Charity

In 2005, Infosys donated ₹10 million (about $226,000) to help with the effects of the 2005 Kashmir earthquake in Pakistan.

Notes

1. ^ "2010 Form 10-K, Infosys Technologies Limited". Infosys Invester.
2. Infosys Technologies Limited. "Fact File | Who We Are | About Us". Infosys. Retrieved 27 July 2010.
3. "Clinton calls for closer ties to boost IT business". Indian Express. 25 March 2000. Retrieved 12 April 2009.
4. "Infy plans Rs 440-cr China campus". business.rediff.com. Retrieved 25 October 2010.
5. R. Sukumar. "India's Best Employers: The Top 5". A BT-Hewitt study. Business Today. Archived from the original on 1 July 2006. Retrieved 10 October 2006.
6. "INFY 2007 20-F, Item 6". Sec.gov. Retrieved 7 September 2010.
7. "Infosys recognized as a Globally Most Admired Knowledge Enterprise for 2004" (PDF). A Teleos study. Infosys Media. Retrieved 1 December 2004.
8. "Infosys in the Global Hall of Fame".
9. "Components of trust that brands can focus on". thehindubusinessline.com. 18 May 2011.
10. http://www.infosys.com/investors/reports-filings/quarterly-results/Documents/Share-Holding/clause35-june30-2010.pdf
11. Infosys Technologies Limited. "Sustainability". Infosys. Retrieved 27 July 2010.
12. Infosys Technologies Limited. "InStep | About Internship | Global Academic Program". Infosys. Retrieved 27 July 2010.
13. "Summer fun". The Hindu. 14 June 2004. Retrieved 12 October 2006.
14. Infosys Technologies Limited. "Sonia Gandhi Inaugurates Global Education Center in Mysore | Press Releases | Newsroom". Infosys. Retrieved 27 July 2010.
15. "Infosys Prize – About". Infosys-science-foundation.com. Retrieved 27 July 2010.
16. "Tracking a Shopper's Habits". Technology Review. Retrieved 27 July 2010.
17. "South Asia | Indian quake aid reaches Pakistan". BBC News. 12 October 2005. Retrieved 27 July 2010.

External links

• Official website

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