Infosys - Wikipedia Infosys Infosys Limited Type Public Traded as BSE : 500209 NSE : INFY NYSE : INFY BSE SENSEX Constituent CNX Nifty Constituent Industry IT services, IT consulting Founded 7 July 1981 ; 37 years ago ( 7 July 1981 ) Founder N.R. Narayana Murthy Nandan Nilekani S. Gopalakrishnan S.D. Shibulal K. Dinesh N.S. Raghavan Ashok Arora Headquarters Bengaluru, Karnataka, India Area served Worldwide Key people Nandan Nilekani ( Chairman ) Salil S. Parekh ( CEO & MD ) Services IT, business consulting and outsourcing services Revenue US $ 10.93 billion ( 2018 ) Operating income US $2.65 billion ( 2018 ) Net income US $2.48 billion ( 2018 ) Total assets US $12.25 billion ( 2018 ) Total equity US $9.96 billion ( 2018 ) Number of employees 200,364 ( 2017 ) Divisions Infosys BPM EdgeVerve Systems Infosys Consulting Website www.infosys.com Footnotes / references Infosys Limited ( formerly Infosys Technologies Limited ) is an Indian multinational corporation that provides business consulting, information technology and outsourcing services. It has its headquarters in Bengaluru, Karnataka, India. Infosys is the second - largest Indian IT company by 2017 revenues and 596th largest public company in the world in terms of revenue. On June 29, 2018 its market capitalisation was $42.23 billion. The credit rating of the company is A - ( rating by Standard & Poor 's ). Contents 1 History 2 Products and Services 3 Geographical presence 4 Acquisitions 5 Listing and shareholding pattern 6 Employees 6.1 Training centre in Mysuru 6.2 CEOs 7 Initiatives 8 Awards and recognition 9 Controversies 10 See also 11 References 12 External links History Infosys was established by 7 engineers in Pune, 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 Bengaluru, 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. Share listing : An initial public offer ( IPO ) in February 1993 with an offer price of ₹ 95 ( equivalent to ₹ 490 or US $7.10 in 2017 ) per share against book value of ₹ 20 ( equivalent to ₹ 100 or US $1.50 in 2017 ) per share. The Infosys IPO was under subscribed 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 ₹ 750 or US $11 in 2017 ) per share. Its shares were listed on NASDAQ in 1999 through ADR route. The share price surged to ₹ 8,100 ( equivalent to ₹ 25,000 or US $360 in 2017 ) 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, Bengaluru Revenue growth : Its annual revenue touched US $100 million in 1999, US $1 billion in 2004 and US $10 billion in 2017. Geographical expansion : In 2012, Infosys announced a new office in Milwaukee, Wisconsin to service 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. 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. 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 It 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 & corporate banking. 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 presence Main block in Chennai campus Infosys had 82 sales and marketing offices and 123 development centres across the world as at March 31, 2018, with major presence in India, United States, China, Australia, Japan, Middle East and Europe. In 2017, 61.9 %, 22.5 % and 3.2 % of its revenues were derived from projects in North America, Europe and India, respectively. Remaining 12.4 % of revenues were derived from 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 Brilliant Basics UK GBP 7.5 million Aug 2017 Product design and customer experience Listing and shareholding Pattern In India, shares of Infosys are listed at 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. 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. A building in Thiruvananthapuram campus 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 200,364 employees at the end of March 2017, of which 36 % were women. Its workforce consists of employees representing 129 nationalities. In 2016, 89 % of its employees were based in India. Out of its total workforce, 79 % are software professionals, 16 % are working in its BPM arm and remaining 5 % work for support and sales. During financial year 2017, Infosys received 1,293,877 applications from prospective employees and had a gross addition of 51,004 employees, a 4 % hiring rate. These numbers do not include its subsidiaries. The attrition rate of Infosys Ltd., excluding its subsidiaries, for financial year 2017, was 15 %. Training centre in Mysuru The Development Centre in Mysuru campus 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 125,000 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 Infoscions annually. Its purpose is to prepare and develop the senior leaders in Infosys for current and future executive leadersip 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. Narayanmurthy 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, Dr. 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 has appointed Salil Parekh chief executive officer ( CEO ) and managing director ( MD ) of the company with effect from January 2, 2018, ( 1 ) culminating the search of a CEO which began since the departure of Vishal Sikka in August due to a spat with the founders over various issues. 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 SD 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 Initiatives Infosys Foundation In 1996, Infosys established the Infosys Foundation, to support the underprivileged sections of society. 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. The Infosys Foundation USA promotes science and math education in USA, with an emphasis on under - represented students. Academic Entente Infosys ' Global Academic Relations team forges Academic Entente ( AcE ) with academic and partner institutions. 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. Infosys Labs Infosys Labs is organized as a global network of research labs and innovation hubs. Infosys Labs collaborates with leading national and international universities such as the University of Southern California Viterbi School of Engineering, University of Cambridge, Queens University of Belfast, 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, Indian Institute of Information Technology, Bengaluru. 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 $95,000 ). Awards and recognition 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 2012, Infosys was ranked # 19 amongst the world 's most innovative companies by Forbes. 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 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. Florida Sen. Bill Nelson also asked the Department of Homeland Security to investigate reports of layoffs at Disney. 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 Companies portal Information technology portal References Jump up ^ `` Infosys appoints Salil S. Parekh as CEO and Managing Director ''. ^ Jump up to : `` Results for the Fourth Quarter and Year ended March 31, 2018 '' ( PDF ). Infosys Ltd. Retrieved 2018 - 04 - 13. Jump up ^ `` Infosys Financial Statements 2017 ''. Infosys Ltd. Jump up ^ `` Infosys Overview ''. Infosys. Retrieved 9 June 2014. Jump up ^ `` Forbes 2017 Global 2000 ''. Forbes. Retrieved 4 Oct 2017. Jump up ^ `` Infosys Market Cap ( INFY ) - YCharts ''. Ycharts.com. 2018 - 06 - 29. Retrieved 2018 - 07 - 18. Jump up ^ `` S&P upgrades TCS, Infosys, Wipro to ' A - ' from ' BBB+ ' ''. The Economic Times. 13 December 2013. Retrieved 28 December 2013. 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Business Standard. November 17, 2014. Retrieved 11 December 2015. Jump up ^ `` Finacle joins Edgeverve ''. Business Standard. September 5, 2015. Retrieved 11 December 2015. Jump up ^ `` Infosys realigns organisation structure ''. The Financial Express. 16 Feb 2015. Jump up ^ `` Core Banking Systems -- Gartner Says The Debate Has Shifted ''. Gartner. 26 Nov 2014. Jump up ^ Investor Frequently Asked Questions ( FAQs ), Infosys.com, 31 March 2018, retrieved 18 July 2018 Jump up ^ About Us, Infosys.com, retrieved 18 July 2018 Jump up ^ `` Infosys to hire 6,000 engineers annually over next 2 years ''. Economic Times. 2017 - 09 - 10. Retrieved 2017 - 10 - 20. ^ Jump up to : `` Investor Sheet ''. Infosys.com. Retrieved 2017 - 10 - 04. Jump up ^ `` Infosys to buy Australian firm Expert for $22.9 m ''. The Hindu. 19 Dec 2003. Retrieved 7 October 2017. Jump up ^ `` Infosys Media Release -- Infosys announces agreement to acquire Expert '' ( PDF ). Infosys. 18 Dec 2003. Retrieved 7 October 2017. Jump up ^ `` Infosys BPO to acquire US company McCamish ''. Deccan Herald. 12 Nov 2009. Retrieved 7 October 2017. Jump up ^ `` Infosys BPO looking for buyouts to double its revenues to $1 bn ''. The Economic Times. 17 July 2012. Retrieved 7 October 2017. Jump up ^ `` Infosys BPO to buy Australia 's Portland Group ''. The Hindu Business Line. 20 Dec 2011. Retrieved 7 October 2017. Jump up ^ `` Infosys acquires Swiss firm Lodestone for Rs. 1,925 crore ''. The Hindu. 10 September 2012. Retrieved 22 June 2013. Jump up ^ `` Infosys buys automation technology startup Panaya, deal valued at Rs 1200 crore ''. The Economic Times. 17 Feb 2015. Retrieved 7 October 2017. Jump up ^ `` Infosys ' $200 million Israeli software company Panaya is in the eye of the storm ''. The Economic Times. Retrieved 7 October 2017. Jump up ^ `` Infosys Completes Acquisition of Skava ''. Infosys Limited. 4 June 2015. Retrieved 7 October 2017. Jump up ^ `` Infosys completes Skava acquisition for $120 million ''. The Economic Times. 4 June 2015. Retrieved 7 October 2017. Jump up ^ `` Infosys completes acquisition of Noah Consulting ''. Economic Times. Jump up ^ `` Infosys completes Brilliant Basics acquisition ''. Money Control. 11 September 2017. Retrieved 7 October 2017. Jump up ^ Ramesh, Jairam ( 1999 - 03 - 29 ). `` Bangalore - based software firm Infosys becomes first Indian company to list on Nasdaq ''. India Today. Retrieved 2018 - 03 - 09. Jump up ^ `` Clause35 - Mar2002. pdf '' ( PDF ). Retrieved 23 Oct 2017. Jump up ^ `` Infosys Shareholding Pattern - The Economic Times ''. Retrieved 4 Oct 2017. Jump up ^ `` clause35 - june30 - 2017. pdf '' ( PDF ). Retrieved 4 Oct 2017. ^ Jump up to : `` Annual Report 2016 - 17 '' ( PDF ). Infosys. 13 April 2017. Retrieved 4 October 2017. Jump up ^ `` Infosys Annual Report 2015 - 16 '' ( PDF ). Infosys.com. Retrieved 20 October 2017. Jump up ^ `` Infosys campus reflects commitment to a greener world ''. Infosys. 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Infosys. Retrieved 3 July 2013. Jump up ^ `` Annual Report 2016 - 17 '' ( PDF ). Infosys. 13 April 2017. Retrieved 4 October 2017. Jump up ^ `` Academic Entente ( AcE ) ''. 13 March 2012. Retrieved 29 October 2012. Jump up ^ `` Academic Entente ''. Retrieved 3 July 2013. Jump up ^ `` Infosys Ltd ''. The Times of India. Jump up ^ `` USC -- Infosys CAST ''. Viterbi School of Engineering. Archived from the original on 26 November 2012. Retrieved 29 October 2012. Jump up ^ `` Infosys -- Queen 's University Strategic Partnership -- Cyber Security Threats & Consulting ''. 16 April 2013. Retrieved 21 May 2014. Jump up ^ `` Infosys, Israel sign pact for industrial R&D ''. MoneyControl.com. Retrieved 3 July 2013. Jump up ^ `` Global Academic Relations ''. Infosys. Retrieved 29 October 2012. Jump up ^ `` Infosys Prize -- Securing India 's scientific future ''. Infosys Science Foundation. Retrieved 7 Jun 2014. Jump up ^ `` 7 scientists, academics bag Infosys Prize ''. The Hindu. Retrieved 7 Jun 2014. Jump up ^ `` Infosys in Winner 's Circle of HfS Report for Managed Security Services ''. Infosys. 5 Apr 2017. Retrieved 7 October 2017. Jump up ^ `` Infosys named in Winner 's Circle of HfS Blueprint on Industry 4.0 services ''. Infosys. 17 Apr 2017. Retrieved 7 October 2017. Jump up ^ `` Infosys in Winner 's Circle of HfS Report for Utility Operations -- 2017 ''. Infosys. 7 Jun 2017. Retrieved 7 October 2017. Jump up ^ `` # 19 : Infosys ( India ) - The World 's Most Innovative Companies ''. Forbes. 6 Sep 2012. Retrieved 7 October 2017. Jump up ^ `` The finance journey ''. Infosys. Retrieved 23 Oct 2017. Jump up ^ Preston, Julia ( 20 August 2012 ). `` Judge dismisses Infosys suit ''. The New York Times. Retrieved 29 October 2012. Jump up ^ `` Former Employee Sues Infosys '', 9 August 2012, The Wall Street Journal Jump up ^ `` ' Infosys slashed 80 % of my portfolio ' '', Shayan Ghosh, 14 August 2012, Deccan Herald Jump up ^ `` Infosys says settles whistleblower... '', 14 Dec 2012, The Indian Express Jump up ^ Thibodeau, Patrick. `` Whistleblower to continue helping U.S. Infosys probe ''. Computerworld. Retrieved 2012 - 09 - 27. Jump up ^ `` Infosys to pay $34 m fine within 10 days. settlement not to affect future visas ''. The Times of India. 31 October 2013. Retrieved 2 November 2013. Jump up ^ `` Infosys does n't admit to guilt, but will pay $34 mn US visa fine ''. First Post. 31 October 2013. Retrieved 2 November 2013. Jump up ^ `` Infosys settles visa fraud investigation, pays $34 m ''. The Times of India. 30 October 2013. Retrieved 2 November 2013. Jump up ^ `` Department Of Labor Launches Investigation Into H - 1B Visa Program ''. Daily Caller. Retrieved 28 February 2016. Jump up ^ Lynch, Sarah. `` Infosys says cleared in U.S. visa probe by Labor Department ''. Reuters. Reuters. Retrieved 29 January 2017. External links Wikimedia Commons has media related to Infosys. Official website Infosys 's channel on YouTube Business data for Infosys Ltd : Reuters SEC filings Infosys People ( list ) Founders Narayan Murthy Nandan Nilekani N.S. Raghavan S. Gopalakrishnan S.D. Shibulal K. Dinesh Ashok Arora Board of directors Vishal Sikka ( CEO & MD ) Pravin Rao ( COO ) R Seshasayee Carol M. Browner Prof. John W. Etchemendy Roopa Kudva Jeffrey Sean Lehman Kiran Mazumdar Shaw Ravi Venkatesan Senior Leadership Team Rajiv Bansal ( CFO ) David D. Kennedy ( Executive Vice President and General Counsel ) Infosys Product Divisions Infosys BPO Limited Infosys Consulting Products and Product families assistedge EdgeVerve Domisphere Finacle Mergers and acquisitions by Infosys Expert Information Services McCamish Systems Lodestone Management Consultants Other topics Infosys Foundation Infosys Prize BSE SENSEX companies of India Airtel Axis Bank Bajaj Auto BHEL Cipla Coal India Dr. Reddy 's Laboratories GAIL HDFC HDFC Bank Hero MotoCorp Hindalco HUL ICICI Bank Infosys ITC L&T Mahindra & Mahindra Maruti Suzuki NTPC ONGC Reliance Industries SBI Vedanta Limited Sun Pharma Tata Motors Tata Power Tata Steel TCS Wipro CNX Nifty companies of India ACC Ambuja Cements Asian Paints Ltd Axis Bank Bajaj Auto Bank of Baroda BHEL BPCL Bharti Airtel Cairn India Cipla Coal India DLF Dr. Reddy 's Laboratories GAIL Grasim Industries HCL Technologies HDFC HDFC Bank Hero MotoCorp Hindalco Industries HUL Infosys ICICI Bank IDFC IndusInd Bank Ltd. ITC Limited Jindal Steel and Power Kotak Mahindra Bank L&T Lupin Mahindra & Mahindra Maruti Udyog NMDC NTPC ONGC Power Grid Corporation PNB Reliance Industries Vedanta Limited SBI Sun Pharmaceutical TCS Tata Motors Tata Power Tata Steel Tech Mahindra Ultratech Cement Wipro Zee Entertainment Enterprises Major information technology consulting and outsourcing companies Companies with an annual revenue of over US $3 billion Accenture Atos Booz Allen Hamilton BMC Software BT Global Services CACI Capgemini CGI Group Cognizant Deloitte Digital China DXC Technology Fujitsu HCL Technologies Hitachi Consulting IBM Global Services Indra Sistemas Infosys Infor KPMG Leidos NEC NTT Data Orange Business Services T - Systems Tata Consultancy Services Tech Mahindra Unisys Wipro See also Largest IT companies Category : Information technology consulting firms Category : Outsourcing companies GND : 16057226 - 5 ISNI : 0000 0001 0708 0208 LCCN : n2003002279 VIAF : 154968681 Retrieved from `` https://en.wikipedia.org/w/index.php?title=Infosys&oldid=855681654 '' Categories : 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 Hidden categories : Use Indian English from April 2014 All Wikipedia articles written in Indian English Use dmy dates from February 2014 Pages using deprecated image syntax Pages using infobox company with unsupported parameters All articles with unsourced statements Articles with unsourced statements from March 2018 Wikipedia articles needing clarification from August 2012 Wikipedia articles with GND identifiers Wikipedia articles with ISNI identifiers Wikipedia articles with LCCN identifiers Wikipedia articles with VIAF identifiers Talk Contents About Wikipedia বাংলা Беларуская Беларуская ( тарашкевіца ) ‎ Deutsch Español فارسی Français 한국어 हिन्दी Bahasa Indonesia Italiano עברית ಕನ್ನಡ Magyar मैथिली മലയാളം मराठी Nederlands 日本 語 Polski Português Русский संस्कृतम् کوردی Suomi Svenska தமிழ் తెలుగు Українська Tiếng Việt 吴语 粵語 中文 25 more Edit links This page was last edited on 20 August 2018, at 02 : 37 ( UTC ). 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Question: who is the chairman of infosys at present
Answer: Nandan Nilekani