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Infosys LTD (Formerly Infosys Technologies Limited) Is An Indian

Infosys Ltd is an Indian multinational corporation that provides business consulting, IT, software engineering and outsourcing services. It is headquartered in Bangalore, Karnataka and is the third largest India-based IT services company. Infosys was co-founded in 1981 by seven individuals and was incorporated as Infosys Consultants Pvt Ltd, signing its first client in New York. It has since grown to become one of the largest publicly traded companies in India.

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67 views3 pages

Infosys LTD (Formerly Infosys Technologies Limited) Is An Indian

Infosys Ltd is an Indian multinational corporation that provides business consulting, IT, software engineering and outsourcing services. It is headquartered in Bangalore, Karnataka and is the third largest India-based IT services company. Infosys was co-founded in 1981 by seven individuals and was incorporated as Infosys Consultants Pvt Ltd, signing its first client in New York. It has since grown to become one of the largest publicly traded companies in India.

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manoj
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Infosys Ltd (formerly Infosys Technologies Limited) is an Indian multinational

corporation that provides business consulting, information technology, software


engineering and outsourcing services. It is headquartered in Bangalore, Karnataka.[3]
Infosys is the third-largest India-based IT services company by 2014 revenues,[4] and the fifth
largest employer of H-1B visa[5][6] professionals in the United States in FY 2013.[7] On 15 February
2015, its market capitalisation was 263,735 crores ($42.51 billion), making it India's sixth
largest publicly traded company.[8][9][10]
Contents
[hide]

1 History
o

1.1 Listings

2 Operations

3 Products and Services

4 Acquisitions

5 Current shareholding

6 Initiatives

6.1 Infosys Foundation

6.2 Academic Entente

6.3 Infosys Labs

6.4 Infosys Prize


7 Employees

7.1 Training Centre in Mysore

7.2 List of CEOs

8 Awards and recognitions

9 Controversies

10 See also

11 References

12 External links

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.[11] The company was incorporated as "Infosys Consultants Pvt Ltd." with a
capital of Rs. 10,000 (roughly $250) in Model Colony, Pune as the registered office.[12] It signed its
first client, Data Basics Corporation, in New York.[13] In 1983, the company's corporate
headquarters was relocated from Pune to Bangalore.[13]
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.[14]

Listings[edit]
Infosys made an initial public offer (IPO) in February 1993 with an offer price of Rs. 98 per share
against book value of Rs. 20 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.
[15]
Its shares were listed in stock exchanges in June 1993 with trading opening at Rs. 145 per
share.[16]
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.[citation needed]
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.[citation needed]
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.[15]
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.[citation needed]
In December 2002,Infosys transferred the listing of its American Depositary Shares (ADS) from
the NASDAQ to the NYSE.[17]
The credit rating of the company is A- (given by Standard & Poor's on 13-Dec-2013).[18]

In February 2015, Infosys announced it would acquire the US automation technology


company Panaya for around $200 million

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