Infosys (formerly Infosys Technologies) is an Indian multinational provider

of business consulting, information technology, software

engineering and outsourcing services. It is headquartered in
Bengaluru, Karnataka. Infosys is the third-largest India-based IT services company by
2012 revenues, and the second largest employer of H-1B visa professionals in the
United States, as of 2012. On 28 March 2013, its market capitalisation was $30.8 billion,
making it India's sixth largest publicly traded company.


History
Infosys was co-founded in 1981 by N. R. Narayana 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 Rs 10000 (roughly $250) in Model Colony, Pune
as the registered office and signed its first client, Data Basics Corporation, in New York.
In 1983, the company's corporate headquarters was relocated to Bangalore.
Change in name: It 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.
On 1 June 2013, Mr. Narayana Murthy, one of the founding members of Infosys and its
long time CEO, returned from his retirement to assume office in Infosys as its Executive
Chairman.

Listings
Infosys made an initial public offer (IPO) in February 1993 with an offer price of Rs. 98
per share against book value of Rs. 10 per share. The Infosys IPO was under
subscribed but it was "bailed out" by US investment banker 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 Rs. 145 per share.
In October 1994, it made a private placement of 5,50,000 shares at Rs. 450 each
against book value of Rs. 10 per share to Foreign Institutional Investors (FIIs), Financial
Institutions (FIs) and Corporates.
In March 1999, it issued 2,070,000 ADSs (equivalent to 1,035,000 equity shares of par
value of Rs. 10 each) at US $34 per ADS under the American Depositary Shares
Program and the same were listed on the NASDAQ National Market in US. The total
issue amount was US $70.38 million.
The share price surged to Rs. 8,100 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.
During July 2003, June 2005 and November 2006, it made secondary ADS issues of
US $294 million, US $1.07 billion and US $ 1.605 billion respectively.
In December 2012, Infosys transferred the listing of its American Depositary Shares
(ADS) from the NASDAQ to the NYSE.
The credit rating of the company is A- (given by Standard & Poor's on 13-Dec-2013).



Operations
On 31 March 2013, Infosys had 798 clients across 30 countries. It earns 62% of its
revenue from North America, 23% from Europe, 2% from India and remaining 13% from
rest of the world.

Locations
Infosys has a global presence with 73 offices and 94 development centers in the United
States, India, China, Australia, Japan, Middle East, and Europe.
In recent years, Infosys has begun shifting operations to the United States and other
countries . 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.


Products and Services
It provides software development, maintenance and independent validation services to
companies in banking, 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.


Acquisitions
In December 2003, Infosys had acquired Australia-based IT service provider Expert
Information Services for $23 million.
In December 2009, Infosys BPO acquired Atlanta-based McCamish Systems for
about $38 million.
In January 2012, Infosys BPO acquired Australia-based Portland Group, provider of
strategic sourcing and category management services, for about AUD 37 million.
In September 2012, Infosys acquired Switzerland-based Lodestone Management
Consultants for about $345 million.
Current shareholding
As of 30 September 2013:
Shareholders Shareholding
Promoters group 15.94%
Life Insurance Corporation of India 04.95%
Aberdeen Asset Management PLC 03.89%
Abu Dhabi Investment Authority 02.48%
Oppenheimer Developing Markets Fund 02.33%
Government of Singapore 01.98%
Others 68.43%
Total 100.0%


Initiatives
Infosys Foundation
In 1996, Infosys established the Infosys Foundation, to support the underprivileged
sections of society. 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.

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, Bangalore.

Infosys Prize
Infosys Prize is an annual award given to scientists, researchers, engineers and social
scientists in India. It is given by the Infosys Science Foundation, a not-for-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 Rs. 50 Lakh.

Employees
Infosys has a total of 160,000+ employees as of September 30, 2013. Its workforce
consists of employees representing 89 nationalities working from 32 countries.

Out of its
total workforce, 79% are software professionals, 15% are working in its BPO arm and
remaining 5% work for support and sales. The attrition rate of Infosys Ltd., excluding its
subsidiaries, for 12 months ending 31 March 2013, was 16.3%.
During FY 2012-13, Infosys received 378,994 applications from prospective employees
and had a gross addition of 37,036 employees.