Open main menu

Infosys Limited is an Indian multinational corporation that provides business consulting, information technology and outsourcing services. It has its headquarters in Bangalore, Karnataka, India.[3]

Infosys Limited
Traded as
IndustryIT services, IT consulting
Founded7 July 1981; 38 years ago (7 July 1981)
Area served
Key people
Nandan Nilekani
Salil S. Parekh
(MD & CEO)[1]
RevenueIncrease US$12.1 billion (2019)[2]
Increase US$2.7 billion (2019)[2]
Decrease US$2.2 billion (2019)[2]
Total assetsDecrease US$12.2 billion (2019)[2]
Total equityDecrease US$9.4 billion (2019)[2]
Number of employees
228,123 (2019)[2]
Footnotes / references

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]


Infosys was established by seven engineers in Pune, Maharashtra, India with an initial capital of $250 in 1981.[7] It was registered as Infosys Consultants Private Limited on 2 July 1981.[8] In 1983, it relocated its office to Bangalore, Karnataka, India.

Name change: 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.[9]

Share listing: An initial public offer (IPO) in February 1993 with an offer price of 95 (equivalent to 510 or US$7.40 in 2018) per share against book value of 20 (equivalent to 110 or US$1.60 in 2018) 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.[10] Its shares were listed in stock exchanges in June 1993 with trading opening at 145 (equivalent to 790 or US$11 in 2018) per share.[11]

Its shares were listed on NASDAQ in 1999 through ADR route. The share price surged to 8,100 (equivalent to 26,000 or US$380 in 2018) 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.[10] The ADR listing was shifted from NASDAQ to NYSE Euronext to give its European investors better access to its stock.[12]

Infosys, Bangalore

Revenue growth: Its annual revenue reached US$100 million in 1999, US$1 billion in 2004 and US$10 billion in 2017.[8]

Geographical expansion: In 2012, Infosys announced a new office in Milwaukee, Wisconsin, to serve Harley-Davidson, being the 18th international office in the United States.[13][14] Infosys hired 1,200 United States employees in 2011, and expanded the workforce by an additional 2,000 employees in 2012.[14] 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.
Product and portfolio expansion: 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.[15] 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.[16]

Products and servicesEdit

Infosys provides software development, maintenance and independent validation services to companies in finance, insurance, manufacturing and other domains.[17]

One of its known products is Finacle which is a universal banking solution with various modules for retail & corporate banking.[18]

Glass building in Pune campus

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

Geographical presenceEdit

Main block in Chennai campus

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 world.[21]


Name of acquired company Based in Acquisition cost Acquisition date Business of acquired company
Expert Information Services Australia US$23 million Dec 2003[22][23] IT service provider
McCamish Systems USA US$38 million Dec 2009[24] Insurance and financial services
Portland Group Australia AUD 37 million Jan 2012[25][26] Strategic sourcing and category management
Lodestone Holding AG Switzerland US$345 million Sep 2012[27] Management consultancy
Panaya Israel US$200 million Mar 2015[28][29] Automation technology
Skava USA US$120 million Apr 2015[30][31] Digital experience solutions
Noah-Consulting USA US$70 million Nov 2015[32] Information management consulting services
Skytree USA Undisclosed amount Apr 2017[33][34] Machine learning
Brilliant Basics UK GBP 7.5 million Aug 2017[35] Product design and customer experience
Fluido Oy Finland EUR 65 million Oct 2018[36] Salesforce advisor and consulting partner
WongDoody USA US$75 million Jan 2019[37] Advertising and creative strategy services
Stater N.V. Netherlands EUR 127.5 million Apr 2019 Mortgage services

Listing and share holding patternEdit

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.[citation needed]

A building in Thiruvananthapuram campus
Shareholders (as of 30 June 2017)[40][41] 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%


Infosys had a total of 228,123 employees at the end of March 2019, out of which 37% were women.[21] Out of its total workforce, 79% are software professionals, 16% are working in its BPM arm and remaining 5% 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 MysuruEdit

The Development Centre in Mysuru campus

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 rooms and trains about 400 Infoscions 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.


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 has appointed Salil Parekh chief executive officer (CEO) and managing director (MD) of the company with effect from January 2, 2018,[1].[56]

Salil S. Parekh, current CEO & MD
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[55]
Salil S. Parekh January 2018 onwards[57]


Infosys Media Centre in Bangalore, India

Infosys Foundation

In 1996, Infosys established the Infosys Foundation, to support the underprivileged sections of society.[58] At the outset, the Infosys Foundation implemented many programs in Karnataka. It subsequently covered Tamil Nadu, Telangana, Andhra Pradesh, Maharashtra, Odisha, and Punjab in a phased manner. A team at the foundation identifies all the programs in the areas of healthcare, education, culture, destitute care and rural development.[59] The Infosys Foundation USA promotes science and math education in USA, with an emphasis on under-represented students.[60]

Academic Entente

Infosys' Global Academic Relations team forges Academic Entente (AcE)[clarification needed] with academic and partner institutions.[61] It explores co-creation opportunities between Infosys and academia through case studies, student trips and speaking engagements. They also collaborate on technology, emerging economies, globalization, and research. Some initiatives include research collaborations, publications, conferences and speaking sessions, campus visits and campus hiring.[62]

Infosys Labs

Infosys Labs is organized as a global network of research labs and innovation hubs.[63]

Infosys Labs collaborates with leading national and international universities such as the University of Southern California Viterbi School of Engineering,[64] University of Cambridge, Queens University of Belfast,[65] University of Illinois at Urbana–Champaign, Indian Institute of Technology Bombay, IITB-Monash Research Academy, Indraprastha Institute of Information Technology, Delhi, Indian Institute of Science, Bangalore, Purdue University,[66] Indian Institute of Information Technology, Bangalore.[67]

Infosys Prize

The Infosys Prize is an annual award given to scientists, researchers, engineers and social scientists connected to India. It is given by the Infosys Science Foundation, a non-profit trust which was set up in February 2009 by Infosys and some members of its Board. The prize is given under six categories. Each category includes a gold medallion, a citation certificate, and prize money of 6.5 million (US$94,000).[68][69]

Awards and recognitionsEdit

  • In 2017, HfS Research included Infosys in Winner's Circle of HfS Blueprint for Managed Security Services, Industry 4.0 services and Utility Operations.[70][71][72]
  • In 2013, Infosys was ranked 18th largest IT services provider in the world by HfS Research.[73] In the same year, it was ranked 53rd in Forbes list of World's Most Innovative Companies.[74]
  • In 2012, Infosys was ranked No. 19 amongst the world's most innovative companies by Forbes.[75] In the same year, Infosys was in the list of top twenty green companies in Newsweek's Green Rankings for 2012.[76]
  • 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.[77]


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,[78] it along with another similar case,[79][80][81] 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.[82]

In October 2013, Infosys agreed to settle the civil suit with US authorities by paying US$34 million.[83] Infosys refused to admit guilt and stressed that it only agreed to pay the fine to avoid the nuisance of 'prolonged litigation'.[84] 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".[85]

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. Florida Sen. Bill Nelson also asked the Department of Homeland Security to investigate reports of layoffs at Disney.[86] The investigation did not find any wrongdoing.[87]

See alsoEdit


  1. ^ "Infosys appoints Salil S. Parekh as CEO and Managing Director".
  2. ^ a b c d e f g "Results for the Fourth Quarter and Year ended March 31, 2019" (PDF). Infosys Ltd. Retrieved 13 April 2018.
  3. ^ "Infosys Overview". Infosys. Retrieved 9 June 2014.
  4. ^ "Forbes 2017 Global 2000". Forbes. Retrieved 4 October 2017.
  5. ^ "Infosys Market Cap (INFY) – YCharts". 20 June 2019. Retrieved 20 June 2019.
  6. ^ "S&P upgrades TCS, Infosys, Wipro to 'A−' from 'BBB+'". The Economic Times. 13 December 2013. Archived from the original on 16 December 2013. Retrieved 28 December 2013.
  7. ^ "Major events in the history of Infosys". Business. Retrieved 7 October 2017.
  8. ^ a b "Company History of Infosys". Retrieved 7 October 2017.
  9. ^ "About Infosys". Infosys. Retrieved 23 September 2013.
  10. ^ a b "Infosys Technologies Bio". Archived from the original on 22 July 2013. Retrieved 7 July 2013.
  11. ^ "Equity Shares Information". Infosys. Retrieved 7 July 2013.
  12. ^ "Infosys to shift listing of ADS to NYSE Euronext from Nasdaq". Infosys. 30 November 2012. Retrieved 7 October 2017.
  13. ^ "Services: The next big thing". The Economist. 19 January 2013. Retrieved 10 June 2013.
  14. ^ a b "Infosys to expand its U.S. operations with a new Delivery Center in Wisconsin" (PDF). Retrieved 3 July 2013.
  15. ^ "Edgeverve is born". Business Standard. 17 November 2014. Retrieved 11 December 2015.
  16. ^ "Finacle joins Edgeverve". Business Standard. 5 September 2015. Retrieved 11 December 2015.
  17. ^ "Infosys realigns organisation structure". The Financial Express. 16 February 2015. Archived from the original on 19 February 2015. Retrieved 4 March 2015.
  18. ^ "Core Banking Systems – Gartner Says The Debate Has Shifted". Gartner. 26 November 2014.
  19. ^ Investor Frequently Asked Questions (FAQs),, 31 March 2018, retrieved 18 July 2018
  20. ^ About Us,, retrieved 18 July 2018
  21. ^ a b c "Investor Sheet". Retrieved 5 August 2019.
  22. ^ "Infosys to buy Australian firm Expert for $22.9 m". The Hindu. 19 December 2003. Retrieved 7 October 2017.
  23. ^ "Infosys Media Release – Infosys announces agreement to acquire Expert" (PDF). Infosys. 18 December 2003. Retrieved 7 October 2017.
  24. ^ "Infosys BPO to acquire US company McCamish". Deccan Herald. 12 November 2009. Retrieved 7 October 2017.
  25. ^ "Infosys BPO looking for buyouts to double its revenues to $1 bn". The Economic Times. 17 July 2012. Retrieved 7 October 2017.
  26. ^ "Infosys BPO to buy Australia's Portland Group". The Hindu Business Line. 20 December 2011. Retrieved 7 October 2017.
  27. ^ "Infosys acquires Swiss firm Lodestone for Rs. 1,925 crore". The Hindu. 10 September 2012. Retrieved 22 June 2013.
  28. ^ "Infosys buys automation technology startup Panaya, deal valued at Rs 1200 crore". The Economic Times. 17 February 2015. Retrieved 7 October 2017.
  29. ^ "Infosys' $200 million Israeli software company Panaya is in the eye of the storm". The Economic Times. Retrieved 7 October 2017.
  30. ^ "Infosys Completes Acquisition of Skava". Infosys Limited. 4 June 2015. Retrieved 7 October 2017.
  31. ^ "Infosys completes Skava acquisition for $120 million". The Economic Times. 4 June 2015. Retrieved 7 October 2017.
  32. ^ "Infosys completes acquisition of Noah Consulting". Economic Times.
  33. ^ "Skytree". Crunchbase. Retrieved 20 June 2019.
  34. ^ "Infosys is reaching for the sky with holistic automation strategy". Horses for Sources. 26 April 2017. Retrieved 20 June 2019.
  35. ^ "Infosys completes Brilliant Basics acquisition". Money Control. 11 September 2017. Retrieved 7 October 2017.
  36. ^ "Infosys Consulting buys Finnish Salesforce partner Fluido Oy for €65 million". 17 September 2018. Retrieved 20 June 2019.
  37. ^ "Wongdoody Joins Infosys". Retrieved 15 January 2019.
  38. ^ Ramesh, Jairam (29 March 1999). "Bangalore-based software firm Infosys becomes first Indian company to list on Nasdaq". India Today. Retrieved 9 March 2018.
  39. ^ "Clause35-Mar2002.pdf" (PDF). Retrieved 23 October 2017.
  40. ^ "Infosys Shareholding Pattern – The Economic Times". Retrieved 4 October 2017.
  41. ^ "clause35-june30-2017.pdf" (PDF). Retrieved 4 October 2017.
  42. ^ a b c "Infosys Annual Report 2018-19" (PDF). Retrieved 5 August 2019.
  43. ^ "Infosys campus reflects commitment to a greener world". Infosys. Archived from the original on 27 September 2013. Retrieved 9 September 2013.
  44. ^ a b "Infosys has trained 100,000 graduates at Mysuru campus". Mathrubhumi. 1 June 2012. Archived from the original on 28 September 2013. Retrieved 9 September 2013.
  45. ^ "Infosys builds world's biggest training centre in Mysore". Mysore Samachar. 9 September 2013. Retrieved 8 September 2013.
  46. ^ a b "Infy plans biggest training centre". The Economic Times. 18 June 2004. Retrieved 9 September 2013.
  47. ^ "Infosys Names Vishal Sikka First External CEO; Chairman Murthy to Step Down". NDTV Gadgets. Retrieved 2 July 2015.
  48. ^ "Infosys to appoint Dr. Vishal Sikka as Chief Executive Officer & Managing Director". Infosys Limited. Retrieved 2 July 2015.
  49. ^ "Infosys to pay its CEO Vishal Sikka Rs. 30 Crores annually". Indo-Asian News Service. Retrieved 3 July 2014.
  50. ^ "Why Vishal Sikka quit as Infosys MD: Full text of his resignation letter". Economic Times. 18 August 2017. Retrieved 6 September 2017.
  51. ^ "Infosys chief executive Vishal Sikka resigns". BBC. Retrieved 6 September 2017.
  52. ^ "Infosys CEO Vishal Sikka Resigns, Blames 'Drumbeat of Distractions'". CNBC. Retrieved 6 September 2017.
  53. ^ "Infosys says Vishal Sikka Resigns as CEO, becomes Vice Chairman". Bloomberg Technology. Retrieved 6 September 2017.
  54. ^ "Infosys CEO Resigns after Long Running Feud with Founders". Reuters. Retrieved 6 September 2017.
  55. ^ a b "vishal-sikka-resigns-as-md-ceo-of-infosys". Retrieved 17 August 2017.
  56. ^ "Infosys appoints Capgemini's Salil Parekh as MD & CEO – Times of India". The Times of India. Retrieved 2 December 2017.
  57. ^ "Salil S Parekh to take over as CEO and MD of Infosys".
  58. ^ "Infosys Foundation". Retrieved 3 July 2013.
  59. ^ "Infosys Foundation". Infosys. Retrieved 3 July 2013.
  60. ^ "Annual Report 2016-17" (PDF). Infosys. 13 April 2017. Retrieved 4 October 2017.
  61. ^ "Academic Entente (AcE)". 13 March 2012. Retrieved 29 October 2012.
  62. ^ "Academic Entente". Retrieved 3 July 2013.
  63. ^ "Infosys Ltd". The Times of India.
  64. ^ "USC – Infosys Cast". Viterbi School of Engineering. Archived from the original on 26 November 2012. Retrieved 29 October 2012.
  65. ^ "Infosys – Queen's University Strategic Partnership – Cyber Security Threats & Consulting". 16 April 2013. Retrieved 21 May 2014.
  66. ^ "Infosys, Israel sign pact for industrial R&D". Retrieved 3 July 2013.
  67. ^ "Global Academic Relations". Infosys. Retrieved 29 October 2012.
  68. ^ "Infosys Prize – Securing India's scientific future". Infosys Science Foundation. Retrieved 7 June 2014.
  69. ^ "7 scientists, academics bag Infosys Prize". The Hindu. Retrieved 7 June 2014.
  70. ^ "Infosys in Winner's Circle of HfS Report for Managed Security Services". Infosys. 5 April 2017. Retrieved 7 October 2017.
  71. ^ "Infosys named in Winner's Circle of HfS Blueprint on Industry 4.0 services". Infosys. 17 April 2017. Retrieved 7 October 2017.
  72. ^ "Infosys in Winner's Circle of HfS Report for Utility Operations – 2017". Infosys. 7 June 2017. Retrieved 7 October 2017.
  73. ^ "TCS joins top 10 global IT services companies club". Gadgets Now. 22 April 2014. Retrieved 13 September 2018.
  74. ^ "Infosys on the Forbes America's Best Employers By State List". Forbes. Retrieved 5 August 2019.
  75. ^ "#19: Infosys (India) – The World's Most Innovative Companies". Forbes. 6 September 2012. Retrieved 7 October 2017.
  76. ^ "Newsweek Green Rankings 2012: Global 500 List – Newsweek". Newsweek. 22 October 2012. Retrieved 13 September 2018.
  77. ^ "The finance journey". Infosys. Retrieved 23 October 2017.
  78. ^ Preston, Julia (20 August 2012). "Judge dismisses Infosys suit". The New York Times. Retrieved 29 October 2012.
  79. ^ "Former Employee Sues Infosys", 9 August 2012, The Wall Street Journal
  80. ^ "'Infosys slashed 80% of my portfolio'", Shayan Ghosh, 14 August 2012, Deccan Herald
  81. ^ "Infosys says settles whistleblower...", 14 Dec 2012, The Indian Express
  82. ^ Thibodeau, Patrick. "Whistleblower to continue helping U.S. Infosys probe". Computerworld. Retrieved 27 September 2012.
  83. ^ "Infosys to pay $34m fine within 10 days. settlement not to affect future visas". The Times of India. 31 October 2013. Retrieved 2 November 2013.
  84. ^ "Infosys doesn't admit to guilt, but will pay $34 mn US visa fine". First Post. 31 October 2013. Retrieved 2 November 2013.
  85. ^ "Infosys settles visa fraud investigation, pays $34m". The Times of India. 30 October 2013. Retrieved 2 November 2013.
  86. ^ "Department of Labor Launches Investigation into H-1B Visa Program". Daily Caller. Retrieved 28 February 2016.
  87. ^ Lynch, Sarah. "Infosys says cleared in U.S. visa probe by Labor Department". Reuters. Reuters. Retrieved 29 January 2017.

External linksEdit