Infosys Limited (formerly Infosys Technologies Limited) is an Indian multinational provider of business consulting, technology, engineering, and outsourcing services. It is headquartered in Bangalore, Karnataka.[2] Infosys is the third-largest India-based IT services company by 2012 revenues,[3] and the second largest employer of H-1B visa professionals in the United States, as of 2012.[4] In 2013, Infosys collected 2.1% of its revenues from the domestic Indian market. According to Glassdoor.com, and many other independent surveys, Infosys Limited has constantly been coined as one of the "worst" companies in the world to work for. The reasons being poor treatment of employees, low salaries, unexplainable policies and less transparency.[5][6] On 1st June, 2013, Mr. Narayana Murthy, one of the founding members of Infosys and its long time CEO, returned back from his retirement to assume office in Infosys as its Executive Chairman. His return was on Board's request to bring the company back on track. [7][8]
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| Type | Public |
|---|---|
| Traded as | BSE: 500209 NSE: INFY NYSE: INFY BSE SENSEX Constituent |
| Industry | IT services, IT consulting |
| Founded | 1981 |
| Founder(s) |
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| Headquarters | Electronics City, Bangalore, Karnataka, India |
| Area served | Worldwide |
| Key people | N. R. Narayana Murthy (Executive Chairman) S. D. Shibulal (CEO & MD) S. Gopalakrishnan (Executive Vice Chairman, former Co-Chairman) |
| Services | IT, business consulting and outsourcing services |
| Revenue |  US$ 7.39 billion (2013)[1] |
| Operating income |  US$ 1.90 billion (2013)[1] |
| Profit | US$ 1.72 billion (2013)[1] |
| Total assets | US$ 8.53 billion (2013)[1] |
| Total equity | US$ 7.33 billion (2013)[1] |
| Employees | 156,688 (2013)[1] |
| Divisions | Infosys BPO |
| Website | infosys.com |
Infosys Limited (formerly Infosys Technologies Limited) is an Indian multinational provider of business consulting, technology, engineering, and outsourcing services. It is headquartered in Bangalore, Karnataka.[2] Infosys is the third-largest India-based IT services company by 2012 revenues,[3] and the second largest employer of H-1B visa professionals in the United States, as of 2012.[4] In 2013, Infosys collected 2.1% of its revenues from the domestic Indian market. According to Glassdoor.com, and many other independent surveys, Infosys Limited has constantly been coined as one of the "worst" companies in the world to work for. The reasons being poor treatment of employees, low salaries, unexplainable policies and less transparency.[5][6] On 1st June, 2013, Mr. Narayana Murthy, one of the founding members of Infosys and its long time CEO, returned back from his retirement to assume office in Infosys as its Executive Chairman. His return was on Board's request to bring the company back on track. [7][8]
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History[edit]
Infosys was co-founded in 1981 by Narayan Murthy, Nandan Nilekani, N. S. Raghavan, S. Gopalakrishnan, S. D. Shibulal, K. Dinesh and Ashok Arora after they resigned from Patni Computer Systems. The company was incorporated as "Infosys Consultants Pvt Ltd." with a capital of $250 in Model Colony, Pune as the registered office and signed up its first client, Data Basics Corporation, in New York. In 1983, Infosys corporate headquarters was relocated to Bangalore. In 1999, Infosys achieved Capability Maturity Model level 5 certification.[9]
In recent years, Infosys has begun shifting operations to the United States and other countries outside of India. In 2012, Infosys announced a new office in Milwaukee, Wisconsin to service Harley-Davidson, being the 18th international office in the United States.[10][11] Infosys hired 1,200 United States employees in 2011, and expanded the workforce by an additional 2,000 employees in 2012.[11] Globally, Infosys has 67 offices between the US, India, China, Australia, Japan, Middle East, United Kingdom, Germany, France, Switzerland, Netherlands, Poland, Canada.[12]
Acquisitions[edit]
- In December 2003, Infosys had acquired Australia-based IT service provider Expert Information Services for $23 million.[13]
- In September 2012, Infosys acquired Switzerland-based Lodestone Management Consultants for about $345 million [14]
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Infosys, Pune campus
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A building in Thiruvananthapuram campus
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Bangalore campus
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Infosys Chennai main block at Mahindra World City, New Chennai
[edit]
| Shareholders | Shareholding |
|---|---|
| Initial Promoters | 16.04% |
| Life Insurance Corporation of India | 05.96% |
| Aberdeen Asset Management PLC | 03.91% |
| Abu Dhabi Investment Authority | 02.13% |
| Oppenheimer Developing Markets Fund | 02.23% |
| Financial Institutions and Individual investors | 69.73% |
| Total | 100.00% |
[edit]
| Fiscal | Bonus Share Issue | Stock Split Ratio |
|---|---|---|
| 1986 | 1:1 | 2 for 1 |
| 1989 | 1:1 | 2 for 1 |
| 1991 | 1:1 | 2 for 1 |
| 1992 | 1:1 | 2 for 1 |
| 1994 | 1:1 | 2 for 1 |
| 1997 | 1:1 | 2 for 1 |
| 1999 | 1:1 | 2 for 1 |
| 2000 | - | 2 for 1 |
| 2004 | 3:1 | 4 for 1 |
| 2006 | 1:1 | 2 for 1 |
http://www.infosys.com/investors/investor-services/Pages/FAQs.aspx
Initiatives[edit]
Infosys Foundation[edit]
In 1996, Infosys established the Infosys Foundation, to support the underprivileged sections of society.[16] At the outset, the Infosys Foundation implemented programs in Karnataka. It subsequently covered Tamil Nadu, Andhra Pradesh, Maharashtra, Odisha, and Punjab in a phased manner. A team at the Foundation identifies programs in the areas of Healthcare, Education, Culture, Destitute Care and Rural Development.[17]
Academic Entente[edit]
Infosys' Global Academic Relations team forges Academic Entente (AcE)[clarification needed] with academic and partner institutions.[18] 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.[19]
Infosys Labs[edit]
Infosys Labs is organized as a global network of research labs and innovation hubs.[20]
Infosys Labs collaborates with leading national and international universities such as the University of Southern California Viterbi School of Engineering,[21] University of Cambridge,[22] Queensland University of Technology, University of Illinois at Urbana Champaign, Indian Institute of Technology Bombay, IITB-Monash Research Academy, Purdue University,[23] International Institute of Information Technology, Bangalore.[24]
Awards and Recognitions[edit]
Infosys was ranked #15 amongst the top 100 most innovative companies by Forbes.[25]
Boston Consulting Group has listed it in the list of top ten technology companies for total shareholder return.[26]. Infosys was in the list of top twenty green companies in Newsweek's Green Rankings for 2012.[27]
Infosys was voted India's most admired company in The Wall Street Journal Asia 200[28] every year since 2000. Its corporate governance practices were recognized by The Asset Platinum award[29] and the IR Global Rankings.[30] It was also ranked as the 15th most trusted brand in India by The Brand Trust Report [31]
Infosys Cloud Ecosystem Hub won the 2012 Golden Peacock Award for the most innovative product/service.[32]
Controversies[edit]
Allegations of Visa Fraud[edit]
There have been some allegations that Infosys has committed 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,[33] it along with another similar case,[34][35][36] brought the allegations to the notice of the US authorities - and the U.S. Department of Homeland Security and a federal grand jury are currently investigating.[37]
Stock crash[edit]
On April 12, 2013, Infosys declared its Q4 FY 2012-13 results.The Company projected a full year guidance of 6-10% for the FY 2013-14 and discontinued the practice of providing EPS guidance citing global uncertainities and volatilities ahead. Post the declaration of Q4 results, the stock tanked 22% eroding Rs. 37,511 crores of investor wealth in a single trading session.
Listings[edit]
See also[edit]
- List of IT companies in India
- List of companies of India
- List of acquisitions by Infosys BPO Limited
References[edit]
- ^ a b c d e f "2010 Form 10-K, Infosys Technologies Limited". Infosys Invester.
- ^ "Infosys Fact File".
- ^ "Top 5 India-Based IT Services Providers' Worldwide Revenue, 2012". Gartner. Retrieved 17 June 2013.
- ^ "Top 10 Employers". H-1B Temporary Visa Program - Selected Statistics, FY 2012. OFFICE OF FOREIGN LABOR CERTIFICATION. Retrieved 9 June 2013.
- ^ "worst employer in theworld". mouthshut.com url=http://www.mouthshut.com/product-reviews/Infosys-reviews-925066648. >
- ^ "Investor Sheet". Infosys.com. Retrieved 9 June 2013.
- ^ "Murthy returns to save struggling Infosys". Hindustan Times. Retrieved 17 June 2013.
- ^ "NR Narayana Murthy's letter to Infosys's top brass". Times of India. Retrieved 17 June 2013.
- ^ "Timeline of infosys".
- ^ "Services: The next big thing". The Economist. 2013-01-19. Retrieved 2013-06-10.
- ^ a b http://www.infosys.com/newsroom/press-releases/Documents/2012/delivery-center-wisconsin.pdf
- ^ Infosys Limited. "About the Company". Infosys. Retrieved 2013-06-10.
- ^ "Infosys to buy Australian firm Expert for $22.9 m".
- ^ "Infosys acquires Swiss firm Lodestone for Rs.1,925 crore".
- ^ Shareholder structure as of March 31, 2013
- ^ , Infosys Foundation.
- ^ "Infosys Foundation".
- ^ "Academic Entente (AcE)". March 13, 2012. Retrieved October 29, 2012.
- ^ "Academic Entente".
- ^ "Infosys Ltd". The Times Of India.
- ^ "USC - Infosys CAST". Retrieved October 29, 2012.
- ^ "CRC Smart Services".
- ^ "Infosys, Israel sign pact for industrial R&D".
- ^ "Global Academic Relations". Infosys. Retrieved October 29, 2012.
- ^ "Forbes Survey". Retrieved 17 June 2013.
- ^ "Top performers for TSR between 2005-2009". Boston Consulting Group. Retrieved 17 Jun 2013.
- ^ "Newsweek's Green Rankings 2012".
- ^ "The Wall Street Journal Asia 200". 2 November 2010. Retrieved October 29, 2012.
- ^ "The Asset Platinum Award".
- ^ "IR Global Rankings". Retrieved October 29, 2012.
- ^ "The Brand Trust Report".
- ^ "Innovative Product/Service Award". Retrieved 17 June 2013.
- ^ Preston, Julia (August 20, 2012). "Judge dismisses Infosys suit". The New York Times (New York Times). Retrieved October 29, 2012.
- ^ "Former Employee Sues Infosys", August 9, 2012, Wall Street Journal
- ^ "‘Infosys slashed 80% of my portfolio’", Shayan Ghosh, August 14, 2012, Deccan Herald
- ^ "Infosys says settles whistleblower..."", Fri Dec 14 2012, Indian Express
- ^ Thibodeau, Patrick. "Whistleblower to continue helping U.S. Infosys probe". Computerworld. Retrieved 2012-09-27.
Notes[edit]
- "Infosys Overview". Retrieved 17 June 2013.
- "Infosys releases agreement to acquire Expert Information Services Pty Limited,Banswada,rajasthan (PDF)" (Press release). Infosys Technologies Australia Pty Ltd banglore
. 18 December 2003. Retrieved 11 October 2006.
- Bharat kumar (7 August 2002). "A twist to the tale". Business Line.
- Infosys News (17 June 2013). "Updates on Infosys". Economic Times.
- Infosys News (17 June 2013). "Latest Happenings at Infosys". Top News.
- Infosys News (March 2011). "Infosys Technologies Limited received the IEEE Computer Society/Software Engineering Institute Software Process Achievement (SPA) Award 2009". SEI CMMI.
- Infosys NYSE listing (February 2013). "Infosys Celebrates Cross-Listing on NYSE Euronext London and NYSE Euronext Paris and Highlights Recent Transfer to NYSE". NYSE.
External links[edit]
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Wikimedia Commons has media related to: Infosys |
- Business data
- Infosys Ltd at Google Finance
- Infosys Ltd at Yahoo! Finance
- Infosys Ltd at Hoover's
- Infosys Ltd at Reuters
- Infosys Ltd SEC filings at SECDatabase.com
- Infosys Ltd SEC filings at the Securities and Exchange Commission
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- BSE SENSEX
- Companies established in 1981
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- Outsourcing companies
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- Infosys
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