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{{short description|Global multinational provider of business consulting, information technology, software engineering and outsourcing services.}} | {{short description|Global multinational provider of business consulting, information technology, software engineering and outsourcing services.}} | ||
{{Use Indian English|date=April 2014}} | {{Use Indian English|date=April 2014}} | ||
{{Use dmy dates|date= |
{{Use dmy dates|date=July 2020}} | ||
{{Infobox company | {{Infobox company | ||
| name = Infosys Limited | | name = Infosys Limited | ||
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| equity = {{Increase}} {{INRConvert|65450.00|c}} <ref name=bls/> | | equity = {{Increase}} {{INRConvert|65450.00|c}} <ref name=bls/> | ||
| equity_year = 2020 | | equity_year = 2020 | ||
| num_employees = 242,371 (March 2020)<ref name="xbrlus_1" /> |
| num_employees = 242,371 (March 2020),<ref name="xbrlus_1" /><ref>{{cite news |last1=Mandavia |first1=Megha |title=Infosys shrinks top management, grows number of lower-level positions |url=https://economictimes.indiatimes.com/tech/ites/infosys-shrinks-top-management-grows-number-of-lower-level-positions/articleshow/76315718.cms |work=The Economic Times |date=12 June 2020}}</ref> | ||
| divisions = {{Unbulleted list|]|]|]}} | | divisions = {{Unbulleted list|]|]|]}} | ||
| footnotes = |
| footnotes =<ref name="xbrlus_1">{{Cite web|url=https://www.infosys.com/investors/reports-filings/quarterly-results/2019-2020/q4/documents/ifrs-usd-earnings-release.pdf|title=Results for the Fourth Quarter and Year ended March 31, 2020|publisher=Infosys Ltd|accessdate=2018-04-13|archive-url=https://web.archive.org/web/20190413041521/https://www.infosys.com/investors/reports-filings/quarterly-results/2018-2019/Q4/Documents/fact-sheet.pdf|archive-date=13 April 2019|url-status=live}}</ref> | ||
| homepage = {{URL|www.infosys.com/}} | | homepage = {{URL|www.infosys.com/}} | ||
}} | }} | ||
'''Infosys Limited,''' is an Indian ] that provides ], ] and ] services. The company is headquartered in ].<ref name=Infosys_Overview>{{cite web|title=Infosys Overview|url=http://www.infosys.com/about/Pages/index.aspx|publisher=Infosys|accessdate=9 June 2014|archive-url=https://web.archive.org/web/20140325112400/http://www.infosys.com/about/Pages/index.aspx|archive-date=25 March 2014|url-status=live}}</ref> Infosys is the second-largest Indian IT company after ] by 2017 revenue figures and the 596th largest public company in the world based on revenue.<ref>{{cite magazine | title=Forbes 2017 Global 2000 | url=https://www.forbes.com/global2000/ | magazine=Forbes | accessdate=4 |
'''Infosys Limited,''' is an Indian ] that provides ], ] and ] services. The company is headquartered in ].<ref name=Infosys_Overview>{{cite web|title=Infosys Overview|url=http://www.infosys.com/about/Pages/index.aspx|publisher=Infosys|accessdate=9 June 2014|archive-url=https://web.archive.org/web/20140325112400/http://www.infosys.com/about/Pages/index.aspx|archive-date=25 March 2014|url-status=live}}</ref> Infosys is the second-largest Indian IT company after ] by 2017 revenue figures and the 596th largest public company in the world based on revenue.<ref>{{cite magazine | title=Forbes 2017 Global 2000 | url=https://www.forbes.com/global2000/ | magazine=Forbes | accessdate=4 October 2017 | archive-url=https://www.webcitation.org/6D733FWby?url=http://www.forbes.com/global2000/ | archive-date=23 December 2012 | url-status=live }}</ref> On 29 March 2019, its ] was $46.52 billion.<ref>{{Cite web|url=https://ycharts.com/companies/INFY/market_cap|title=Infosys Market Cap (INFY) – YCharts|date=2019-06-20|website=Ycharts.com|access-date=2019-06-20|archive-url=https://web.archive.org/web/20170712090432/https://ycharts.com/companies/INFY/market_cap|archive-date=12 July 2017|url-status=live}}</ref> The ] of the company is A− (rating by ]).<ref>{{cite news |url=http://articles.economictimes.indiatimes.com/2013-12-13/news/45162352_1_long-term-corporate-credit-ratings-negative-outlook-abhishek-dangra |archiveurl=https://web.archive.org/web/20131216141913/http://articles.economictimes.indiatimes.com/2013-12-13/news/45162352_1_long-term-corporate-credit-ratings-negative-outlook-abhishek-dangra| archivedate=16 December 2013 |title=S&P upgrades TCS, Infosys, Wipro to 'A−' from 'BBB+' |newspaper=The Economic Times |date=13 December 2013 |accessdate=28 December 2013}}</ref> | ||
==History== | ==History== | ||
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The company changed its name to ''Infosys Technologies Private Limited'' in April 1992 and to ''Infosys Technologies Limited'' when it became a public limited company in June 1992. It was later renamed to ''Infosys Limited'' in June 2011.<ref>{{cite web |url=http://www.infosys.com/about/Pages/history.aspx |title=About Infosys |publisher=Infosys |accessdate=23 September 2013 |archive-url=https://web.archive.org/web/20130927071331/http://www.infosys.com/about/Pages/history.aspx |archive-date=27 September 2013 |url-status=live }}</ref> | The company changed its name to ''Infosys Technologies Private Limited'' in April 1992 and to ''Infosys Technologies Limited'' when it became a public limited company in June 1992. It was later renamed to ''Infosys Limited'' in June 2011.<ref>{{cite web |url=http://www.infosys.com/about/Pages/history.aspx |title=About Infosys |publisher=Infosys |accessdate=23 September 2013 |archive-url=https://web.archive.org/web/20130927071331/http://www.infosys.com/about/Pages/history.aspx |archive-date=27 September 2013 |url-status=live }}</ref> | ||
An initial public offer (]) in February 1993 with an offer price of {{INRConvert|95|year=1993}} per share against book value of {{INRConvert|20|year=1993}} per share was undersubscribed but it was ] by US investment bank ], which picked up 13% of equity at the offer price.<ref name=in.com_ITL_Bio>{{cite web |title=Infosys Technologies Bio |publisher=in.com |url=http://www.in.com/infosys-technologies/biography-1818.html |accessdate=7 July 2013 |archive-url=https://web.archive.org/web/20130722234644/http://www.in.com/infosys-technologies/biography-1818.html |archive-date=22 July 2013 |url-status=dead |
An initial public offer (]) in February 1993 with an offer price of {{INRConvert|95|year=1993}} per share against book value of {{INRConvert|20|year=1993}} per share was undersubscribed but it was ] by US investment bank ], which picked up 13% of equity at the offer price.<ref name=in.com_ITL_Bio>{{cite web |title=Infosys Technologies Bio |publisher=in.com |url=http://www.in.com/infosys-technologies/biography-1818.html |accessdate=7 July 2013 |archive-url=https://web.archive.org/web/20130722234644/http://www.in.com/infosys-technologies/biography-1818.html |archive-date=22 July 2013 |url-status=dead}}</ref> Its shares were listed in stock exchanges in June 1993 with trading opening at {{INRConvert|145|year=1993}} per share.<ref>{{cite web |title=Equity Shares Information |publisher=Infosys |url=http://www.infosys.com/investors/investor-services/Pages/FAQs.aspx |access-date=7 July 2013 |archive-url=https://web.archive.org/web/20130622152112/http://www.infosys.com/investors/investor-services/Pages/FAQs.aspx |archive-date=22 June 2013 |url-status=live }}</ref> | ||
Its shares were listed on ] in 1999 through ] route. The share price surged to {{INRConvert|8.1|k|year=1999}} by 1999 making it the costliest share on the market at the time. At that time, Infosys was among the 20 biggest companies by market capitalization on the NASDAQ.<ref name="in.com_ITL_Bio" /> The ADR listing was shifted from NASDAQ to NYSE Euronext to give its European investors better access to its stock.<ref>{{cite web|title=Infosys to shift listing of ADS to NYSE Euronext from Nasdaq|publisher=Infosys|url=http://economictimes.indiatimes.com/tech/ites/infosys-to-shift-listing-of-ads-to-nyse-euronext-from-nasdaq/articleshow/17430643.cms|date=30 |
Its shares were listed on ] in 1999 through ] route. The share price surged to {{INRConvert|8.1|k|year=1999}} by 1999 making it the costliest share on the market at the time. At that time, Infosys was among the 20 biggest companies by market capitalization on the NASDAQ.<ref name="in.com_ITL_Bio" /> The ADR listing was shifted from NASDAQ to NYSE Euronext to give its European investors better access to its stock.<ref>{{cite web|title=Infosys to shift listing of ADS to NYSE Euronext from Nasdaq|publisher=Infosys|url=http://economictimes.indiatimes.com/tech/ites/infosys-to-shift-listing-of-ads-to-nyse-euronext-from-nasdaq/articleshow/17430643.cms|date=30 November 2012|accessdate=7 October 2017|archive-url=https://web.archive.org/web/20171007124319/http://economictimes.indiatimes.com/tech/ites/infosys-to-shift-listing-of-ads-to-nyse-euronext-from-nasdaq/articleshow/17430643.cms|archive-date=7 October 2017|url-status=live}}</ref> Infosys Q3 net profit rises 23.7% to Rs 4,466cr in the month of January 2020 even after all the whistleblower complaints which was not proven after investigation. | ||
]]] | ]]] | ||
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In April 2018 Infosys announced expanding in ], Indiana. The development will include more than 120 acres and is expected to result in 3,000 new jobs—1,000 more than previously announced. | In April 2018 Infosys announced expanding in ], Indiana. The development will include more than 120 acres and is expected to result in 3,000 new jobs—1,000 more than previously announced. | ||
In July 2014, Infosys started a product subsidiary called ], focusing on enterprise software products for business operations, customer service, procurement and commerce network domains.<ref>{{cite news|title=Edgeverve is born|url=http://wap.business-standard.com/article/companies/infy-s-edgeverve-moves-out-of-parent-s-shadow-114111700414_1.html|accessdate=11 December 2015|newspaper=Business Standard|date=November |
In July 2014, Infosys started a product subsidiary called ], focusing on enterprise software products for business operations, customer service, procurement and commerce network domains.<ref>{{cite news|title=Edgeverve is born|url=http://wap.business-standard.com/article/companies/infy-s-edgeverve-moves-out-of-parent-s-shadow-114111700414_1.html|accessdate=11 December 2015|newspaper=Business Standard|date=17 November 2014|archive-url=https://web.archive.org/web/20151222130629/http://wap.business-standard.com/article/companies/infy-s-edgeverve-moves-out-of-parent-s-shadow-114111700414_1.html|archive-date=22 December 2015|url-status=live}}</ref> In August 2015, the ] Global Banking Solutions assets were officially transferred from Infosys and became part of the product company ] product portfolio.<ref>{{cite news|title=Finacle joins Edgeverve|url=http://www.business-standard.com/article/companies/we-want-to-be-india-s-top-employer-for-products-michael-reh-115090500596_1.html|access-date=11 December 2015|newspaper=Business Standard|date=5 September 2015|archive-url=https://web.archive.org/web/20151222104502/http://www.business-standard.com/article/companies/we-want-to-be-india-s-top-employer-for-products-michael-reh-115090500596_1.html|archive-date=22 December 2015|url-status=live}}</ref> | ||
==Products and services== | ==Products and services== | ||
Infosys provides software development, maintenance and independent validation services to companies in finance, insurance, manufacturing and other domains.<ref>{{cite news|title=Infosys realigns organisation structure|url=http://www.financialexpress.com/article/companies/infosys-realings-organisation-structure/39490/|publisher=]|date=16 |
Infosys provides software development, maintenance and independent validation services to companies in finance, insurance, manufacturing and other domains.<ref>{{cite news|title=Infosys realigns organisation structure|url=http://www.financialexpress.com/article/companies/infosys-realings-organisation-structure/39490/|publisher=]|date=16 February 2015|access-date=4 March 2015|archive-url=https://web.archive.org/web/20150219080055/http://www.financialexpress.com/article/companies/infosys-realings-organisation-structure/39490/|archive-date=19 February 2015|url-status=dead}}</ref> | ||
One of its known products is ] which is a universal banking solution with various modules for retail and corporate banking.<ref>{{cite news|title=Core Banking Systems – Gartner Says The Debate Has Shifted|url=https://www.forbes.com/sites/tomgroenfeldt/2014/11/26/core-banking-systems-gartner-says-the-debate-has-shifted/|publisher=]|date=26 |
One of its known products is ] which is a universal banking solution with various modules for retail and corporate banking.<ref>{{cite news|title=Core Banking Systems – Gartner Says The Debate Has Shifted|url=https://www.forbes.com/sites/tomgroenfeldt/2014/11/26/core-banking-systems-gartner-says-the-debate-has-shifted/|publisher=]|date=26 November 2014|access-date=1 September 2017|archive-url=https://web.archive.org/web/20170729191742/https://www.forbes.com/sites/tomgroenfeldt/2014/11/26/core-banking-systems-gartner-says-the-debate-has-shifted/|archive-date=29 July 2017|url-status=live}}</ref> | ||
] campus]] | ] campus]] | ||
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==Geographical presence== | ==Geographical presence== | ||
] campus]] | ] campus]] | ||
Infosys has 82 sales and marketing offices and 123 development centres across the world as of |
Infosys has 82 sales and marketing offices and 123 development centres across the world as of 31 March 2018, with major presence in India, United States, China, Australia, Japan, Middle East and Europe.<ref>{{citation |url=https://www.infosys.com/investors/shareholder-services/Pages/FAQs.aspx |title=Investor Frequently Asked Questions (FAQs) |publisher=Infosys.com |date=31 March 2018 |accessdate=18 July 2018 |archive-url=https://web.archive.org/web/20180718205246/https://www.infosys.com/investors/shareholder-services/Pages/FAQs.aspx |archive-date=18 July 2018 |url-status=live }}</ref><ref>{{citation |url=https://www.infosys.com/about/Pages/overview.aspx |title=About Us |publisher=Infosys.com |accessdate=18 July 2018 |archive-url=https://web.archive.org/web/20180718205016/https://www.infosys.com/about/Pages/overview.aspx |archive-date=18 July 2018 |url-status=live }}</ref> | ||
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 the rest of the world.<ref name="InvestorSheet"/> | 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 the rest of the world.<ref name="InvestorSheet"/> | ||
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! Name of acquired company !! Based in !! Acquisition cost !! Acquisition date !! Business of acquired company | ! Name of acquired company !! Based in !! Acquisition cost !! Acquisition date !! Business of acquired company | ||
|- | |- | ||
| Expert Information Services || Australia || US$23 million || Dec 2003<ref>{{cite web |title=Infosys to buy Australian firm Expert for $22.9 m |work=The Hindu |url=http://www.thehindubusinessline.com/2003/12/19/stories/2003121902640100.htm |date=19 |
| Expert Information Services || Australia || US$23 million || Dec 2003<ref>{{cite web |title=Infosys to buy Australian firm Expert for $22.9 m |work=The Hindu |url=http://www.thehindubusinessline.com/2003/12/19/stories/2003121902640100.htm |date=19 December 2003 |accessdate=7 October 2017 |archive-url=https://web.archive.org/web/20090921224359/http://www.thehindubusinessline.com/2003/12/19/stories/2003121902640100.htm |archive-date=21 September 2009 |url-status=live }}</ref><ref>{{cite web |title=Infosys Media Release – Infosys announces agreement to acquire Expert |url=https://www.infosys.com/australia/news/Documents/infosys-acquires-expert.pdf |publisher=Infosys |date=18 December 2003 |accessdate=7 October 2017 |archive-url=https://web.archive.org/web/20170708043353/https://www.infosys.com/australia/news/Documents/infosys-acquires-expert.pdf |archive-date=8 July 2017 |url-status=live }}</ref> || IT service provider | ||
|- | |- | ||
| McCamish Systems || USA || US$38 million || Dec 2009<ref>{{cite web |title=Infosys BPO to acquire US company McCamish |work=Deccan Herald |url=http://www.deccanherald.com/content/35543/F |date=12 |
| McCamish Systems || USA || US$38 million || Dec 2009<ref>{{cite web |title=Infosys BPO to acquire US company McCamish |work=Deccan Herald |url=http://www.deccanherald.com/content/35543/F |date=12 November 2009 |accessdate=7 October 2017 |archive-url=https://web.archive.org/web/20150924044310/http://www.deccanherald.com/content/35543/F |archive-date=24 September 2015 |url-status=live }}</ref> || Insurance and financial services | ||
|- | |- | ||
| Portland Group || Australia || AUD 37 million || Jan 2012<ref>{{cite web |title=Infosys BPO looking for buyouts to double its revenues to $1 bn |work=The Economic Times |url=http://economictimes.indiatimes.com/tech/ites/infosys-bpo-looking-for-buyouts-to-double-its-revenues-to-1-bn/articleshow/15009715.cms |date=17 July 2012 |accessdate=7 October 2017 |archive-url=https://web.archive.org/web/20171007074510/http://economictimes.indiatimes.com/tech/ites/infosys-bpo-looking-for-buyouts-to-double-its-revenues-to-1-bn/articleshow/15009715.cms |archive-date=7 October 2017 |url-status=live }}</ref><ref>{{cite web |title=Infosys BPO to buy Australia's Portland Group |work=The Hindu Business Line | url=http://www.thehindubusinessline.com/info-tech/infosys-bpo-to-buy-australias-portland-group/article2732190.ece |date=20 |
| Portland Group || Australia || AUD 37 million || Jan 2012<ref>{{cite web |title=Infosys BPO looking for buyouts to double its revenues to $1 bn |work=The Economic Times |url=http://economictimes.indiatimes.com/tech/ites/infosys-bpo-looking-for-buyouts-to-double-its-revenues-to-1-bn/articleshow/15009715.cms |date=17 July 2012 |accessdate=7 October 2017 |archive-url=https://web.archive.org/web/20171007074510/http://economictimes.indiatimes.com/tech/ites/infosys-bpo-looking-for-buyouts-to-double-its-revenues-to-1-bn/articleshow/15009715.cms |archive-date=7 October 2017 |url-status=live }}</ref><ref>{{cite web |title=Infosys BPO to buy Australia's Portland Group |work=The Hindu Business Line | url=http://www.thehindubusinessline.com/info-tech/infosys-bpo-to-buy-australias-portland-group/article2732190.ece |date=20 December 2011 |accessdate=7 October 2017}}</ref> || Strategic sourcing and category management | ||
|- | |- | ||
| Lodestone Holding AG || Switzerland || US$345 million || Sep 2012<ref>{{cite web |title=Infosys acquires Swiss firm Lodestone for Rs. 1,925 crore |work=The Hindu |url=http://www.thehindu.com/business/infosys-acquires-swiss-firm-lodestone-for-rs1925-crore/article3880535.ece |date=10 September 2012 |accessdate=22 June 2013 |archive-url=https://web.archive.org/web/20130927134254/http://www.thehindu.com/business/infosys-acquires-swiss-firm-lodestone-for-rs1925-crore/article3880535.ece |archive-date=27 September 2013 |url-status=live }}</ref> || Management consultancy | | Lodestone Holding AG || Switzerland || US$345 million || Sep 2012<ref>{{cite web |title=Infosys acquires Swiss firm Lodestone for Rs. 1,925 crore |work=The Hindu |url=http://www.thehindu.com/business/infosys-acquires-swiss-firm-lodestone-for-rs1925-crore/article3880535.ece |date=10 September 2012 |accessdate=22 June 2013 |archive-url=https://web.archive.org/web/20130927134254/http://www.thehindu.com/business/infosys-acquires-swiss-firm-lodestone-for-rs1925-crore/article3880535.ece |archive-date=27 September 2013 |url-status=live }}</ref> || Management consultancy | ||
|- | |- | ||
| Panaya || Israel || US$200 million || Mar 2015<ref>{{cite web |title=Infosys buys automation technology startup Panaya, deal valued at Rs 1200 crore |work=The Economic Times |url=http://economictimes.indiatimes.com/tech/ites/infosys-buys-automation-technology-startup-panaya-deal-valued-at-rs-1200-crore/articleshow/46258808.cms |date=17 |
| Panaya || Israel || US$200 million || Mar 2015<ref>{{cite web |title=Infosys buys automation technology startup Panaya, deal valued at Rs 1200 crore |work=The Economic Times |url=http://economictimes.indiatimes.com/tech/ites/infosys-buys-automation-technology-startup-panaya-deal-valued-at-rs-1200-crore/articleshow/46258808.cms |date=17 February 2015 |accessdate=7 October 2017 |archive-url=https://web.archive.org/web/20171007122812/http://economictimes.indiatimes.com/tech/ites/infosys-buys-automation-technology-startup-panaya-deal-valued-at-rs-1200-crore/articleshow/46258808.cms |archive-date=7 October 2017 |url-status=live }}</ref><ref>{{cite web |title=Infosys' $200 million Israeli software company Panaya is in the eye of the storm |work=The Economic Times |url=http://economictimes.indiatimes.com/tech/ites/infys-200-m-israeli-software-panaya-the-eye-of-the-storm/articleshow/57116308.cms |accessdate=7 October 2017 |archive-url=https://web.archive.org/web/20171004143046/http://economictimes.indiatimes.com/tech/ites/infys-200-m-israeli-software-panaya-the-eye-of-the-storm/articleshow/57116308.cms |archive-date=4 October 2017 |url-status=live }}</ref> || Automation technology | ||
|- | |- | ||
| Skava || USA || US$120 million || Apr 2015<ref>{{cite web |title=Infosys Completes Acquisition of Skava |work=Infosys Limited |url=http://www.infosys.com/newsroom/press-releases/Pages/completes-skava-acquisition.aspx |date=4 June 2015 |accessdate=7 October 2017 |archive-url=https://web.archive.org/web/20170708052706/https://www.infosys.com/newsroom/press-releases/Pages/completes-skava-acquisition.aspx |archive-date=8 July 2017 |url-status=live }}</ref><ref>{{cite web |title=Infosys completes Skava acquisition for $120 million |work=The Economic Times |url=http://economictimes.indiatimes.com/tech/ites/infosys-completes-skava-acquisition-for-120-million/articleshow/47539280.cms |date=4 June 2015 |accessdate=7 October 2017 |archive-url=https://web.archive.org/web/20171007123357/http://economictimes.indiatimes.com/tech/ites/infosys-completes-skava-acquisition-for-120-million/articleshow/47539280.cms |archive-date=7 October 2017 |url-status=live }}</ref> || Digital experience solutions | | Skava || USA || US$120 million || Apr 2015<ref>{{cite web |title=Infosys Completes Acquisition of Skava |work=Infosys Limited |url=http://www.infosys.com/newsroom/press-releases/Pages/completes-skava-acquisition.aspx |date=4 June 2015 |accessdate=7 October 2017 |archive-url=https://web.archive.org/web/20170708052706/https://www.infosys.com/newsroom/press-releases/Pages/completes-skava-acquisition.aspx |archive-date=8 July 2017 |url-status=live }}</ref><ref>{{cite web |title=Infosys completes Skava acquisition for $120 million |work=The Economic Times |url=http://economictimes.indiatimes.com/tech/ites/infosys-completes-skava-acquisition-for-120-million/articleshow/47539280.cms |date=4 June 2015 |accessdate=7 October 2017 |archive-url=https://web.archive.org/web/20171007123357/http://economictimes.indiatimes.com/tech/ites/infosys-completes-skava-acquisition-for-120-million/articleshow/47539280.cms |archive-date=7 October 2017 |url-status=live }}</ref> || Digital experience solutions | ||
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In India, shares of Infosys are listed on the ] where it is a part of the ] and the ] where it is a ] Constituent.<ref>{{cite web |title=Stock Share Price {{!}} Get Quote {{!}} BSE |url=https://www.bseindia.com/stock-share-price/infosys-ltd/infy/500209/ |website=www.bseindia.com |accessdate=9 May 2020}}</ref> Its shares are listed by way of ]s (ADRs) at the ].<ref>{{cite news |last1=Selina |first1=Hossain |title=Infosys Q4 results: Profit rises 6% to Rs 4,321 crore; firm suspends guidance |url=https://economictimes.indiatimes.com/markets/stocks/earnings/infosys-q4-results-profit-rises-6-to-rs-4321-crore-firm-suspends-guidance/articleshow/75251808.cms |accessdate=9 May 2020 |work=The Economic Times |date=20 April 2020}}</ref> | In India, shares of Infosys are listed on the ] where it is a part of the ] and the ] where it is a ] Constituent.<ref>{{cite web |title=Stock Share Price {{!}} Get Quote {{!}} BSE |url=https://www.bseindia.com/stock-share-price/infosys-ltd/infy/500209/ |website=www.bseindia.com |accessdate=9 May 2020}}</ref> Its shares are listed by way of ]s (ADRs) at the ].<ref>{{cite news |last1=Selina |first1=Hossain |title=Infosys Q4 results: Profit rises 6% to Rs 4,321 crore; firm suspends guidance |url=https://economictimes.indiatimes.com/markets/stocks/earnings/infosys-q4-results-profit-rises-6-to-rs-4321-crore-firm-suspends-guidance/articleshow/75251808.cms |accessdate=9 May 2020 |work=The Economic Times |date=20 April 2020}}</ref> | ||
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 ] on 11 March 1999.<ref>{{Cite magazine |last=Ramesh |first=Jairam |date=1999-03-29 |title=Bangalore-based software firm Infosys becomes first Indian company to list on Nasdaq |url=https://www.indiatoday.in/magazine/guest-column/story/19990329-bangalore-based-software-firm-infosys-becomes-first-indian-company-to-list-on-nasdaq-780532-1999-03-29 |magazine=India Today |language=en-US |access-date=2018-03-09 |archive-url=https://web.archive.org/web/20180310010640/https://www.indiatoday.in/magazine/guest-column/story/19990329-bangalore-based-software-firm-infosys-becomes-first-indian-company-to-list-on-nasdaq-780532-1999-03-29 |archive-date=10 March 2018 |url-status=live }}</ref> The promoter holding on 31 March 2002 was 28.72%<ref>{{cite web |title=Clause35-Mar2002.pdf |url=https://www.infosys.com/investors/reports-filings/quarterly-results/Documents/Share-Holding/Clause35-Mar2002.pdf |accessdate=23 |
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 ] on 11 March 1999.<ref>{{Cite magazine |last=Ramesh |first=Jairam |date=1999-03-29 |title=Bangalore-based software firm Infosys becomes first Indian company to list on Nasdaq |url=https://www.indiatoday.in/magazine/guest-column/story/19990329-bangalore-based-software-firm-infosys-becomes-first-indian-company-to-list-on-nasdaq-780532-1999-03-29 |magazine=India Today |language=en-US |access-date=2018-03-09 |archive-url=https://web.archive.org/web/20180310010640/https://www.indiatoday.in/magazine/guest-column/story/19990329-bangalore-based-software-firm-infosys-becomes-first-indian-company-to-list-on-nasdaq-780532-1999-03-29 |archive-date=10 March 2018 |url-status=live }}</ref> The promoter holding on 31 March 2002 was 28.72%<ref>{{cite web |title=Clause35-Mar2002.pdf |url=https://www.infosys.com/investors/reports-filings/quarterly-results/Documents/Share-Holding/Clause35-Mar2002.pdf |accessdate=23 October 2017 |archive-url=https://web.archive.org/web/20171023115634/https://www.infosys.com/investors/reports-filings/quarterly-results/Documents/Share-Holding/Clause35-Mar2002.pdf |archive-date=23 October 2017 |url-status=live }}</ref> 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.<ref>{{cite news |last1=Jessica |first1=Arina |title=NSE:INFY/INFOSYS LTD. Institutional Ownership and Shareholders. |url=https://fintel.io/so/in/infy |accessdate=9 May 2020 |work=fintel.io |agency=Fintel |date=14 January 2020 |location=US |language=en}}</ref> | ||
] campus]] | ] campus]] | ||
{| class="wikitable" | {| class="wikitable" | ||
|- | |- | ||
! Shareholders (as of 30 June 2017)<ref>{{cite web |title=Infosys Shareholding Pattern – The Economic Times |url=http://economictimes.indiatimes.com/infosys-ltd/shareholding/companyid-10960.cms |accessdate=4 |
! Shareholders (as of 30 June 2017)<ref>{{cite web |title=Infosys Shareholding Pattern – The Economic Times |url=http://economictimes.indiatimes.com/infosys-ltd/shareholding/companyid-10960.cms |accessdate=4 October 2017 |archive-url=https://web.archive.org/web/20171004093532/http://economictimes.indiatimes.com/infosys-ltd/shareholding/companyid-10960.cms |archive-date=4 October 2017 |url-status=live }}</ref><ref>{{cite web |title=clause35-june30-2017.pdf |url=https://www.infosys.com/investors/reports-filings/quarterly-results/Documents/Share-Holding/clause35-june30-2017.pdf |accessdate=4 October 2017 |archive-url=https://web.archive.org/web/20171004135551/https://www.infosys.com/investors/reports-filings/quarterly-results/Documents/Share-Holding/clause35-june30-2017.pdf |archive-date=4 October 2017 |url-status=live }}</ref>!! Shareholding | ||
|- | |- | ||
| ]||{{0|0}}12.75% | | ]||{{0|0}}12.75% | ||
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==Employees== | ==Employees== | ||
Infosys had a total of 243,454 employees at the end of December 2019, out of which 37.8% were women.<ref name="InvestorSheet">{{Cite web|url=https://www.infosys.com/investors/reports-filings/Documents/investor-sheet.xls|title=Investor Sheet|publisher=infosys.com|access-date= |
Infosys had a total of 243,454 employees at the end of December 2019, out of which 37.8% were women.<ref name="InvestorSheet">{{Cite web|url=https://www.infosys.com/investors/reports-filings/Documents/investor-sheet.xls|title=Investor Sheet|publisher=infosys.com|access-date=5 August 2019|archive-url=https://web.archive.org/web/20190805172748/https://www.infosys.com/investors/reports-filings/Documents/investor-sheet.xls|archive-date=5 August 2019|url-status=live}}</ref> Out of its total workforce, 229,658 are software professionals and remaining 13,796 work for support and sales.<ref name="InvestorSheet"/> In 2016, 89% of its employees were based in India.<ref name="AR_2019">{{cite web |publisher=Infosys.com |title=Infosys Annual Report 2018-19 |url=https://www.infosys.com/investors/reports-filings/annual-report/annual/Documents/infosys-ar-19.pdf |accessdate=5 August 2019 |archive-url=https://web.archive.org/web/20190805172745/https://www.infosys.com/investors/reports-filings/annual-report/annual/Documents/infosys-ar-19.pdf |archive-date=5 August 2019 |url-status=live }}</ref> | ||
During the 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.<ref name="AR_2019"/> | During the 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.<ref name="AR_2019"/> | ||
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===Training centre in Mysuru=== | ===Training centre in Mysuru=== | ||
] campus]] | ] campus]] | ||
As the world's largest corporate university, the Infosys global education centre in the 337 acre<ref>{{cite web |url=http://www.infosys.com/sustainability/green-innovation/Pages/mysore-campus.aspx |title=Infosys campus reflects commitment to a greener world |publisher=Infosys |accessdate=9 September 2013 |url-status=dead |archiveurl=https://web.archive.org/web/20130927071333/http://www.infosys.com/sustainability/green-innovation/Pages/mysore-campus.aspx |archivedate=27 September 2013 |
As the world's largest corporate university, the Infosys global education centre in the 337 acre<ref>{{cite web |url=http://www.infosys.com/sustainability/green-innovation/Pages/mysore-campus.aspx |title=Infosys campus reflects commitment to a greener world |publisher=Infosys |accessdate=9 September 2013 |url-status=dead |archiveurl=https://web.archive.org/web/20130927071333/http://www.infosys.com/sustainability/green-innovation/Pages/mysore-campus.aspx |archivedate=27 September 2013}}</ref> campus has 400 instructors and 200+ classrooms,<ref name="100000T">{{cite news |url=http://www.mathrubhumi.com/english/story.php?id=124351 |title=Infosys has trained 100,000 graduates at Mysuru campus |newspaper=Mathrubhumi |date=1 June 2012 |accessdate=9 September 2013 |url-status=dead |archiveurl=https://web.archive.org/web/20130928180432/http://www.mathrubhumi.com/english/story.php?id=124351 |archivedate=28 September 2013}}</ref> with international benchmarks at its core. Established in 2002, it had trained around 1,25,000 engineering graduates by June 2015.<ref name="100000T" /> It can train 14,000 employees at a given point of time on various technologies.<ref>{{cite web |url=http://www.mysoresamachar.com/info_trg_cent.htm |title=Infosys builds world's biggest training centre in Mysore |publisher=Mysore Samachar |date=9 September 2013 |accessdate=8 September 2013 |archive-url=https://web.archive.org/web/20130922195511/http://www.mysoresamachar.com/info_trg_cent.htm |archive-date=22 September 2013 |url-status=live }}</ref><ref name="MysoreET" /> | ||
The Infosys Leadership Institute (ILI), based in ], has 96 rooms and trains about 400 trainees (called Infoscions) annually.<ref name="MysoreET">{{cite news |url=http://articles.economictimes.indiatimes.com/2004-06-18/news/27400436_1_training-centre-mysore-employee-care-centre |title=Infy plans biggest training centre |newspaper=The Economic Times |date=18 June 2004 |accessdate=9 September 2013 |archive-url=https://web.archive.org/web/20131110165403/http://articles.economictimes.indiatimes.com/2004-06-18/news/27400436_1_training-centre-mysore-employee-care-centre |archive-date=10 November 2013 |url-status=live }}</ref> Its purpose is to prepare and develop the senior leaders in Infosys for current and future executive leadership roles. | The Infosys Leadership Institute (ILI), based in ], has 96 rooms and trains about 400 trainees (called Infoscions) annually.<ref name="MysoreET">{{cite news |url=http://articles.economictimes.indiatimes.com/2004-06-18/news/27400436_1_training-centre-mysore-employee-care-centre |title=Infy plans biggest training centre |newspaper=The Economic Times |date=18 June 2004 |accessdate=9 September 2013 |archive-url=https://web.archive.org/web/20131110165403/http://articles.economictimes.indiatimes.com/2004-06-18/news/27400436_1_training-centre-mysore-employee-care-centre |archive-date=10 November 2013 |url-status=live }}</ref> Its purpose is to prepare and develop the senior leaders in Infosys for current and future executive leadership roles. | ||
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=== CEOs === | === CEOs === | ||
Since its establishment in 1981 till 2014, the CEOs of Infosys were its promoters, with ] 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.<ref>{{cite web|url=http://gadgets.ndtv.com/others/news/infosys-names-vishal-sikka-as-first-external-ceo-540106?pfrom=home-rightnow|title=Infosys Names Vishal Sikka First External CEO; Chairman Murthy to Step Down|work=NDTV Gadgets|accessdate=2 July 2015|archive-url=https://web.archive.org/web/20150703035326/http://gadgets.ndtv.com/others/news/infosys-names-vishal-sikka-as-first-external-ceo-540106?pfrom=home-rightnow|archive-date=3 July 2015|url-status=live}}</ref><ref>{{cite web |url=http://www.infosys.com/newsroom/press-releases/Pages/ceo-announcement.aspx |title=Infosys to appoint Dr. Vishal Sikka as Chief Executive Officer & Managing Director |publisher=Infosys Limited |accessdate=2 July 2015 |archive-url=https://web.archive.org/web/20150703043913/http://www.infosys.com/newsroom/press-releases/Pages/ceo-announcement.aspx |archive-date=3 July 2015 |url-status=live }}</ref><ref>{{cite web|title=Infosys to pay its CEO Vishal Sikka Rs. 30 Crores annually|url=http://news.biharprabha.com/2014/07/infosys-to-pay-its-ceo-vishal-sikka-rs-30-crores-annually/|agency=Indo-Asian News Service|publisher=news.biharprabha.com|accessdate=3 July 2014|archive-url=https://web.archive.org/web/20140707050759/http://news.biharprabha.com/2014/07/infosys-to-pay-its-ceo-vishal-sikka-rs-30-crores-annually/|archive-date=7 July 2014|url-status=live}}</ref> Dr Vishal Sikka resigned in August 2017. In a personal note to board colleagues,<ref>{{cite news|title=Why Vishal Sikka quit as Infosys MD: Full text of his resignation letter|url=http://economictimes.indiatimes.com/markets/stocks/news/full-text-vishal-sikkas-resignation-letter/articleshow/60113647.cms|newspaper=Economic Times|date=18 |
Since its establishment in 1981 till 2014, the CEOs of Infosys were its promoters, with ] 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.<ref>{{cite web|url=http://gadgets.ndtv.com/others/news/infosys-names-vishal-sikka-as-first-external-ceo-540106?pfrom=home-rightnow|title=Infosys Names Vishal Sikka First External CEO; Chairman Murthy to Step Down|work=NDTV Gadgets|accessdate=2 July 2015|archive-url=https://web.archive.org/web/20150703035326/http://gadgets.ndtv.com/others/news/infosys-names-vishal-sikka-as-first-external-ceo-540106?pfrom=home-rightnow|archive-date=3 July 2015|url-status=live}}</ref><ref>{{cite web |url=http://www.infosys.com/newsroom/press-releases/Pages/ceo-announcement.aspx |title=Infosys to appoint Dr. Vishal Sikka as Chief Executive Officer & Managing Director |publisher=Infosys Limited |accessdate=2 July 2015 |archive-url=https://web.archive.org/web/20150703043913/http://www.infosys.com/newsroom/press-releases/Pages/ceo-announcement.aspx |archive-date=3 July 2015 |url-status=live }}</ref><ref>{{cite web|title=Infosys to pay its CEO Vishal Sikka Rs. 30 Crores annually|url=http://news.biharprabha.com/2014/07/infosys-to-pay-its-ceo-vishal-sikka-rs-30-crores-annually/|agency=Indo-Asian News Service|publisher=news.biharprabha.com|accessdate=3 July 2014|archive-url=https://web.archive.org/web/20140707050759/http://news.biharprabha.com/2014/07/infosys-to-pay-its-ceo-vishal-sikka-rs-30-crores-annually/|archive-date=7 July 2014|url-status=live}}</ref> Dr Vishal Sikka resigned in August 2017. In a personal note to board colleagues,<ref>{{cite news|title=Why Vishal Sikka quit as Infosys MD: Full text of his resignation letter|url=http://economictimes.indiatimes.com/markets/stocks/news/full-text-vishal-sikkas-resignation-letter/articleshow/60113647.cms|newspaper=Economic Times|date=18 August 2017|accessdate=6 September 2017|archive-url=https://web.archive.org/web/20170912065633/http://economictimes.indiatimes.com/markets/stocks/news/full-text-vishal-sikkas-resignation-letter/articleshow/60113647.cms|archive-date=12 September 2017|url-status=live}}</ref> Sikka cites a "drumbeat of distractions" and "false, baseless, malicious and increasingly personal attacks" as his reason for leaving Infosys.<ref>{{cite web|title=Infosys chief executive Vishal Sikka resigns|url=https://www.bbc.com/news/business-40971432|publisher=BBC|accessdate=6 September 2017|archive-url=https://web.archive.org/web/20170906224220/http://www.bbc.com/news/business-40971432|archive-date=6 September 2017|url-status=live}}</ref> Many sources suspect this is in reference to a long running feud with Infosys Founders over the new direction Sikka was reportedly taking Infosys.<ref>{{cite web|title= Infosys CEO Vishal Sikka Resigns, Blames 'Drumbeat of Distractions'|url= https://www.cnbc.com/2017/08/18/infosys-ceo-vishal-sikka-resigns-blames-drumbeat-of-distractions.html|publisher= CNBC|accessdate= 6 September 2017|archive-url= https://web.archive.org/web/20170906225746/https://www.cnbc.com/2017/08/18/infosys-ceo-vishal-sikka-resigns-blames-drumbeat-of-distractions.html|archive-date= 6 September 2017|url-status= live}}</ref><ref>{{cite web|title= Infosys says Vishal Sikka Resigns as CEO, becomes Vice Chairman|url= https://www.bloomberg.com/news/articles/2017-08-18/infosys-says-vishal-sikka-resigns-as-ceo-becomes-vice-chairman|publisher= Bloomberg Technology|accessdate= 6 September 2017|archive-url= https://web.archive.org/web/20170906225720/https://www.bloomberg.com/news/articles/2017-08-18/infosys-says-vishal-sikka-resigns-as-ceo-becomes-vice-chairman|archive-date= 6 September 2017|url-status= live}}</ref><ref>{{cite news|title= Infosys CEO Resigns after Long Running Feud with Founders|url= https://www.reuters.com/article/us-infosys-ceo/infosys-ceo-resigns-after-long-running-feud-with-founders-idUSKCN1AY0DH|work= Reuters|accessdate= 6 September 2017|archive-url= https://web.archive.org/web/20170906224720/https://www.reuters.com/article/us-infosys-ceo/infosys-ceo-resigns-after-long-running-feud-with-founders-idUSKCN1AY0DH|archive-date= 6 September 2017|url-status= live}}</ref> After his resignation, UB Pravin Rao was appointed as Interim CEO and MD of Infosys.<ref name="Vishal_resigns">{{cite web|title=vishal-sikka-resigns-as-md-ceo-of-infosys|url=http://economictimes.indiatimes.com/markets/stocks/news/vishal-sikka-resigns-as-md-ceo-of-infosys/articleshow/60113175.cms|accessdate=17 August 2017|archive-url=https://web.archive.org/web/20170820054852/http://economictimes.indiatimes.com/markets/stocks/news/vishal-sikka-resigns-as-md-ceo-of-infosys/articleshow/60113175.cms|archive-date=20 August 2017|url-status=live}}</ref> Infosys appointed ] chief executive officer (CEO) and managing director (MD) of the company with effect from 2 January 2018,.<ref>{{Cite news|url=https://timesofindia.indiatimes.com/business/india-business/infosys-appoints-capgeminis-salil-parekh-as-md-ceo/articleshow/61893756.cms|title=Infosys appoints Capgemini's Salil Parekh as MD & CEO|work=The Times of India|access-date=2017-12-02|archive-url=https://web.archive.org/web/20171203055511/https://timesofindia.indiatimes.com/business/india-business/infosys-appoints-capgeminis-salil-parekh-as-md-ceo/articleshow/61893756.cms|archive-date=3 December 2017|url-status=live}}</ref> | ||
] | ] | ||
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== Awards and recognition == | == Awards and recognition == | ||
* In 2019, Infosys was a winner of the United Nations Global Climate Action Award in 'Climate Neutral Now' category.<ref>{{Cite web|title=Winners of the 2019 UN Global Climate Action Awards Announced|url=https://unfccc.int/news/winners-of-the-2019-un-global-climate-action-awards-announced |
* In 2019, Infosys was a winner of the United Nations Global Climate Action Award in 'Climate Neutral Now' category.<ref>{{Cite web|title=Winners of the 2019 UN Global Climate Action Awards Announced|url=https://unfccc.int/news/winners-of-the-2019-un-global-climate-action-awards-announced|website=unfccc.int|url-status=live|access-date=2020-05-15}}</ref> | ||
*In 2019, Infosys was ranked as the 3rd Best Regarded Company in the World by Forbes.<ref>{{Cite web|url=https://www.marketwatch.com/press-release/infosys-ranked-number-3-on-2019-forbes-worlds-best-regarded-companies-list-2019-09-25-1020220|title=Infosys Ranked Number 3 on 2019 Forbes 'World's Best Regarded Companies' List|website=MarketWatch|language=en-US|access-date=2020-01-19}}</ref> | *In 2019, Infosys was ranked as the 3rd Best Regarded Company in the World by Forbes.<ref>{{Cite web|url=https://www.marketwatch.com/press-release/infosys-ranked-number-3-on-2019-forbes-worlds-best-regarded-companies-list-2019-09-25-1020220|title=Infosys Ranked Number 3 on 2019 Forbes 'World's Best Regarded Companies' List|website=MarketWatch|language=en-US|access-date=2020-01-19}}</ref> | ||
* In 2017, |
* In 2017, HfS Research included Infosys in Winner's Circle of HfS Blueprint for Managed Security Services, Industry 4.0 services and Utility Operations.<ref>{{cite web | url=https://www.infosys.com/infrastructure-services/features-opinions/Pages/managed-security-services2017.aspx | title=Infosys in Winner's Circle of HfS Report for Managed Security Services | publisher=Infosys | date=5 April 2017 | accessdate=7 October 2017 | archive-url=https://web.archive.org/web/20171007220106/https://www.infosys.com/infrastructure-services/features-opinions/Pages/managed-security-services2017.aspx | archive-date=7 October 2017 | url-status=live }}</ref><ref>{{cite web | url=https://www.infosys.com/engineering-services/features-opinions/Pages/industry-4-0-research-report.aspx | title=Infosys named in Winner's Circle of HfS Blueprint on Industry 4.0 services | publisher=Infosys | date=17 April 2017 | accessdate=7 October 2017 | archive-url=https://web.archive.org/web/20171008030038/https://www.infosys.com/engineering-services/features-opinions/Pages/industry-4-0-research-report.aspx | archive-date=8 October 2017 | url-status=live }}</ref><ref>{{cite web | url=https://www.infosys.com/newsroom/features/Pages/utility-operations-report2017.aspx | title=Infosys in Winner's Circle of HfS Report for Utility Operations – 2017 | publisher=Infosys | date=7 June 2017 | accessdate=7 October 2017 | archive-url=https://web.archive.org/web/20171007220225/https://www.infosys.com/newsroom/features/Pages/utility-operations-report2017.aspx | archive-date=7 October 2017 | url-status=live }}</ref> | ||
* In 2013, Infosys was ranked 18th largest IT services provider in the world by HfS Research.<ref>{{cite web| url=https://www.gadgetsnow.com/tech-news/TCS-joins-top-10-global-IT-services-companies-club/articleshow/34067479.cms| title=TCS joins top 10 global IT services companies club| publisher=Gadgets Now| date=22 April 2014| accessdate=13 September 2018| archive-url=https://web.archive.org/web/20180728040036/https://www.gadgetsnow.com/tech-news/TCS-joins-top-10-global-IT-services-companies-club/articleshow/34067479.cms| archive-date=28 July 2018| url-status=live}}</ref> In the same year, |
* In 2013, Infosys was ranked 18th largest IT services provider in the world by HfS Research.<ref>{{cite web| url=https://www.gadgetsnow.com/tech-news/TCS-joins-top-10-global-IT-services-companies-club/articleshow/34067479.cms| title=TCS joins top 10 global IT services companies club| publisher=Gadgets Now| date=22 April 2014| accessdate=13 September 2018| archive-url=https://web.archive.org/web/20180728040036/https://www.gadgetsnow.com/tech-news/TCS-joins-top-10-global-IT-services-companies-club/articleshow/34067479.cms| archive-date=28 July 2018| url-status=live}}</ref> In the same year, it was ranked 53rd in Forbes list of World's Most Innovative Companies.<ref>{{cite web|url=https://www.forbes.com/companies/infosys/|title=Infosys on the Forbes America's Best Employers By State List|publisher=Forbes|accessdate=5 August 2019|archive-url=https://web.archive.org/web/20190805151943/https://www.forbes.com/companies/infosys/|archive-date=5 August 2019|url-status=live}}</ref> | ||
* In 2012, Infosys was ranked {{Numero|19}} amongst the world's most innovative companies by '']''.<ref>{{cite magazine | url=https://www.forbes.com/pictures/elem45ld/19-infosys-india/ | title=#19: Infosys (India) – The World's Most Innovative Companies | magazine=Forbes | date=6 |
* In 2012, Infosys was ranked {{Numero|19}} amongst the world's most innovative companies by '']''.<ref>{{cite magazine | url=https://www.forbes.com/pictures/elem45ld/19-infosys-india/ | title=#19: Infosys (India) – The World's Most Innovative Companies | magazine=Forbes | date=6 September 2012 | accessdate=7 October 2017 | archive-url=https://web.archive.org/web/20171007173241/https://www.forbes.com/pictures/elem45ld/19-infosys-india/ | archive-date=7 October 2017 | url-status=live }}</ref> In the same year, Infosys was in the list of top twenty green companies in '']''{{'s}} Green Rankings for 2012.<ref>{{cite magazine | url=https://www.newsweek.com/2012/10/22/newsweek-green-rankings-2012-global-500-list.html | title=Newsweek Green Rankings 2012: Global 500 List – Newsweek | magazine=Newsweek | date=22 October 2012 | accessdate=13 September 2018 | archive-url=https://web.archive.org/web/20180213054632/http://www.newsweek.com/2012/10/22/newsweek-green-rankings-2012-global-500-list.html | archive-date=13 February 2018 | url-status=live }}</ref> | ||
* In 2006, ] included Infosys into Hall of Fame for being the winner of Best Presented Accounts for 11 consecutive years.<ref>{{cite web | url=https://www.infosys.com/investors/reports-filings/annual-report/annual/Documents/AR-2011/Theme-Pages/finance_journey.html | title=The finance journey | publisher=Infosys | accessdate=23 |
* In 2006, ] included Infosys into Hall of Fame for being the winner of Best Presented Accounts for 11 consecutive years.<ref>{{cite web | url=https://www.infosys.com/investors/reports-filings/annual-report/annual/Documents/AR-2011/Theme-Pages/finance_journey.html | title=The finance journey | publisher=Infosys | accessdate=23 October 2017 | archive-url=https://web.archive.org/web/20171023064034/https://www.infosys.com/investors/reports-filings/annual-report/annual/Documents/AR-2011/Theme-Pages/finance_journey.html | archive-date=23 October 2017 | url-status=live }}</ref> | ||
==Controversies== | ==Controversies== | ||
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Revision as of 10:09, 21 July 2020
Global multinational provider of business consulting, information technology, software engineering and outsourcing services.
Company type | Public |
---|---|
Traded as | |
ISIN | INE009A01021 |
Industry | IT services, IT consulting |
Founded | 7 July 1981; 43 years ago (7 July 1981) |
Founders | |
Headquarters | Bangalore, Karnataka, India |
Area served | Worldwide |
Key people | Nandan Nilekani (Chairman) Salil Parekh (MD & CEO) |
Services | |
Revenue | ₹90,791.00 crore (US$11 billion) (2020) |
Operating income | ₹22,007.00 crore (US$2.6 billion) (2020) |
Net income | ₹16,594.00 crore (US$1.9 billion) (2020) |
Total assets | ₹92,768.00 crore (US$11 billion) (2020) |
Total equity | ₹65,450.00 crore (US$7.7 billion) (2020) |
Number of employees | 242,371 (March 2020), |
Divisions | |
Website | www |
Footnotes / references |
Infosys Limited, is an Indian multinational corporation that provides business consulting, information technology and outsourcing services. The company is headquartered in Bangalore, Karnataka, India. Infosys is the second-largest Indian IT company after Tata Consultancy Services by 2017 revenue figures and the 596th largest public company in the world based on revenue. On 29 March 2019, its market capitalisation was $46.52 billion. The credit rating of the company is A− (rating by Standard & Poor's).
History
Infosys was established by seven engineers in Pune, Maharashtra, India with an initial capital of $250 in 1981. It was registered as Infosys Consultants Private Limited on 2 July 1981. In 1983, it relocated its office to Bangalore, Karnataka, India.
The company changed its name to Infosys Technologies Private Limited in April 1992 and to Infosys Technologies Limited when it became a public limited company in June 1992. It was later renamed to Infosys Limited in June 2011.
An initial public offer (IPO) in February 1993 with an offer price of ₹95 (equivalent to ₹690 or US$8.10 in 2023) per share against book value of ₹20 (equivalent to ₹150 or US$1.70 in 2023) per share was undersubscribed but it was "bailed out" by US investment bank Morgan Stanley, which picked up 13% of equity at the offer price. Its shares were listed in stock exchanges in June 1993 with trading opening at ₹145 (equivalent to ₹1,100 or US$12 in 2023) per share.
Its shares were listed on NASDAQ in 1999 through ADR route. The share price surged to ₹8,100 (equivalent to ₹35,000 or US$410 in 2023) by 1999 making it the costliest share on the market at the time. At that time, Infosys was among the 20 biggest companies by market capitalization on the NASDAQ. The ADR listing was shifted from NASDAQ to NYSE Euronext to give its European investors better access to its stock. Infosys Q3 net profit rises 23.7% to Rs 4,466cr in the month of January 2020 even after all the whistleblower complaints which was not proven after investigation.
Its annual revenue reached US$100 million in 1999, US$1 billion in 2004 and US$10 billion in 2017.
In 2012, Infosys announced a new office in Milwaukee, Wisconsin, to serve Harley-Davidson, being the 18th international office in the United States. Infosys hired 1,200 United States employees in 2011, and expanded the workforce by an additional 2,000 employees in 2012. In April 2018 Infosys announced expanding in Indianapolis, Indiana. The development will include more than 120 acres and is expected to result in 3,000 new jobs—1,000 more than previously announced.
In July 2014, Infosys started a product subsidiary called EdgeVerve Systems, focusing on enterprise software products for business operations, customer service, procurement and commerce network domains. In August 2015, the Finacle Global Banking Solutions assets were officially transferred from Infosys and became part of the product company EdgeVerve Systems product portfolio.
Products and services
Infosys provides software development, maintenance and independent validation services to companies in finance, insurance, manufacturing and other domains.
One of its known products is Finacle which is a universal banking solution with various modules for retail and corporate banking.
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
- Panaya Cloud Suite
- Skava
- Engineering Services
- Digital Marketing
Geographical presence
Infosys has 82 sales and marketing offices and 123 development centres across the world as of 31 March 2018, with major presence in India, United States, China, Australia, Japan, Middle East and Europe.
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 the rest of the world.
Acquisitions
Name of acquired company | Based in | Acquisition cost | Acquisition date | Business of acquired company |
---|---|---|---|---|
Expert Information Services | Australia | US$23 million | Dec 2003 | IT service provider |
McCamish Systems | USA | US$38 million | Dec 2009 | Insurance and financial services |
Portland Group | Australia | AUD 37 million | Jan 2012 | Strategic sourcing and category management |
Lodestone Holding AG | Switzerland | US$345 million | Sep 2012 | Management consultancy |
Panaya | Israel | US$200 million | Mar 2015 | Automation technology |
Skava | USA | US$120 million | Apr 2015 | Digital experience solutions |
Noah-Consulting | USA | US$70 million | Nov 2015 | Information management consulting services |
Skytree | USA | Undisclosed amount | Apr 2017 | Machine learning |
Brilliant Basics | UK | GBP 7.5 million | Aug 2017 | Product design and customer experience |
Fluido Oy | Finland | EUR 65 million | Oct 2018 | Salesforce advisor and consulting partner |
WongDoody | USA | US$75 million | Jan 2019 | Advertising and creative strategy services |
Stater N.V. | Netherlands | EUR 127.5 million | Apr 2019 | Mortgage services |
Simplus | USA-AU | TBD | Feb 2020 | Salesforce Partner |
Listing and shareholding pattern
In India, shares of Infosys are listed on the BSE where it is a part of the BSE SENSEX and the NSE where it is a NIFTY 50 Constituent. 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. The promoter holding on 31 March 2002 was 28.72% 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) | Shareholding |
---|---|
Promoters group | 012.75% |
Foreign institutional investors (FII) | 037.47% |
ADR | 016.70% |
Individual shareholders | 009.83% |
Banks, financial institutions and insurance companies | 011.24% |
Mutual funds | 008.97% |
Others | 003.04% |
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. Out of its total workforce, 229,658 are software professionals and remaining 13,796 work for support and sales. In 2016, 89% of its employees were based in India.
During the 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.
The attrition rate of Infosys Ltd., including its subsidiaries, for the financial year 2019 was 21.5%.
Training centre in Mysuru
As the world's largest corporate university, the Infosys global education centre in the 337 acre campus has 400 instructors and 200+ classrooms, with international benchmarks at its core. Established in 2002, it had trained around 1,25,000 engineering graduates by June 2015. It can train 14,000 employees at a given point of time on various technologies.
The Infosys Leadership Institute (ILI), based in Mysuru, has 96 rooms and trains about 400 trainees (called Infoscions) annually. 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. Dr Vishal Sikka resigned in August 2017. In a personal note to board colleagues, Sikka cites a "drumbeat of distractions" and "false, baseless, malicious and increasingly personal attacks" as his reason for leaving Infosys. Many sources suspect this is in reference to a long running feud with Infosys Founders over the new direction Sikka was reportedly taking Infosys. After his resignation, UB Pravin Rao was appointed as Interim CEO and MD of Infosys. Infosys appointed Salil Parekh chief executive officer (CEO) and managing director (MD) of the company with effect from 2 January 2018,.
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 |
UB Pravin Rao (interim) | August 2017 to December 2017 |
Salil S. Parekh | January 2018 onwards |
Awards and recognition
- In 2019, Infosys was a winner of the United Nations Global Climate Action Award in 'Climate Neutral Now' category.
- In 2019, Infosys was ranked as the 3rd Best Regarded Company in the World by Forbes.
- In 2017, HfS Research included Infosys in Winner's Circle of HfS Blueprint for Managed Security Services, Industry 4.0 services and Utility Operations.
- In 2013, Infosys was ranked 18th largest IT services provider in the world by HfS Research. In the same year, it was ranked 53rd in Forbes list of World's Most Innovative Companies.
- In 2012, Infosys was ranked No. 19 amongst the world's most innovative companies by Forbes. In the same year, Infosys was in the list of top twenty green companies in Newsweek's Green Rankings for 2012.
- 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.
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, it along with another similar case, 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.
In October 2013, Infosys agreed to settle the civil suit with US authorities by paying US$34 million. Infosys refused to admit guilt and stressed that it only agreed to pay the fine to avoid the nuisance of 'prolonged litigation'. 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".
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.
See also
- List of IT consulting firms
- List of IT companies in India
- List of acquisitions by Infosys BPO Limited
References
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{{cite web}}
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External links
- Official website
- Business data for Infosys Ltd:
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Other |
Major information technology consulting and outsourcing companies | |
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Companies with an annual revenue of over US$3 billion | |
|
- Infosys
- Information technology consulting firms of India
- International information technology consulting firms
- Software companies of India
- Outsourcing companies
- Multinational companies headquartered in India
- Technology companies established in 1981
- Indian companies established in 1981
- Information technology companies of Bhubaneswar
- Outsourcing in India
- BSE SENSEX
- CNX Nifty
- Companies listed on the Bombay Stock Exchange
- Companies listed on the New York Stock Exchange
- Indian brands
- Companies based in Bangalore