Infosys

2022-01-20T12:46:14Z

2405:201:2:E0A5:483:7702:F69A:4F66:

{{Short description|Indian multinational technology company}}
{{Use Indian English|date=April 2014}}
{{Use dmy dates|date=October 2020}}
{{Infobox company
| name = Infosys Limited
| logo = Infosys logo.svg
| logo_alt = Infosys Logo
| image = Infosys (4911287704).jpg
| image_alt = Infosys Pyramid
| image_caption = Infosys Pyramid in [[Bangalore]]
| type = [[Public]]
| traded_as = {{Unbulleted list|{{BSE|500209}}|{{NSE|INFY}}|{{NYSE|INFY}}|[[BSE SENSEX|BSE SENSEX Constituent]]|[[NIFTY 50|NSE NIFTY 50 Constituent]]}}
| ISIN = INE009A01021
| industry = [[Information technology]] [[Consulting]] [[Outsourcing]]
| foundation = {{Start date and age|2 July 1981}}
| founders = {{Unbulleted list|[[N. R. Narayana Murthy]]|[[Nandan Nilekani]]|[[S. Gopalakrishnan]]|[[S. D. Shibulal]]|[[K. Dinesh]]|[[N. S. Raghavan]]|Ashok Arora}}
| hq_location_city = [[Bangalore]], [[Karnataka]]
| hq_location_country = India
| area_served = Worldwide
| key_people = [[Nandan Nilekani]] {{small|([[Chairman]])}} [[Salil Parekh]] {{small|([[Managing Director|MD]] & [[Chief Executive Officer|CEO]])}}<ref>{{cite web|title=Infosys appoints Salil S. Parekh as CEO and Managing Director|url=https://economictimes.indiatimes.com/news/company/corporate-trends/infosys-appoints-salil-s-parekh-as-ceo-and-managing-director/articleshow/61892804.cms|access-date=2 December 2017|archive-url=https://web.archive.org/web/20171202161427/https://economictimes.indiatimes.com/news/company/corporate-trends/infosys-appoints-salil-s-parekh-as-ceo-and-managing-director/articleshow/61892804.cms|archive-date=2 December 2017|url-status=live}}</ref>
 [[U. B. Pravin Rao]] {{small|([[Chief operating officer|COO]])}} 
| services =
| revenue = {{Increase}} {{INRConvert|102673|c}}<ref name=pnl>{{Cite web|title=Infosys Consolidated Profit & Loss account, Infosys Financial Statement & Accounts|url=https://www.moneycontrol.com/india/stockpricequote/computers-software/infosys/IT|access-date=14 May 2021|website=moneycontrol.com|language=en}}</ref>
| revenue_year = 2021
| operating_income = {{Increase}} {{INRConvert|26823|c}}<ref name=pnl/>
| income_year = 2021
| net_income = {{Increase}} {{INRConvert|19423|c}}<ref name=pnl/>
| net_income_year = 2021
| assets = {{Increase}} {{INRConvert|108489|c}}<ref name=pnl/>
| assets_year = 2021
| equity = {{Increase}} {{INRConvert|74250|c}}<ref name=pnl/>
| equity_year = 2021
| num_employees = 292,000+ (2021)<ref>{{cite web |last1=TCS |title=Company information for Infosys Limited |url=https://www.infosys.com/investors/reports-filings/quarterly-results/2020-2021/q4/documents/fact-sheet.pdf |access-date=11 January 2021}}</ref>
| divisions = {{Unbulleted list|[[Infosys BPM]]|[[EdgeVerve Systems]]|[[Infosys Consulting]]}}
| footnotes = <ref name="xbrlus_1">{{Cite web|url=https://www.infosys.com/investors/reports-filings/quarterly-results/2019-2020/q4/documents/ifrs-usd-earnings-release.pdf|title=Results for the Fourth Quarter and Year ended March 31, 2020|publisher=Infosys Ltd|access-date=13 April 2018|archive-url=https://web.archive.org/web/20190413041521/https://www.infosys.com/investors/reports-filings/quarterly-results/2018-2019/Q4/Documents/fact-sheet.pdf|archive-date=13 April 2019|url-status=live}}</ref>
| rating = CRISIL AAA / Stable / CRISIL A1+
| homepage = {{URL|https://www.infosys.com/}}
}}

'''Infosys Limited''' is an Indian [[Multinational corporation|multinational]] [[information technology]] company that provides [[business consulting]], [[information technology]] and [[outsourcing]] services. The company was founded in the city of [[Pune|Pune, India]].<ref name=Infosys_Overview>{{cite web|title=Infosys Overview|url=https://www.infosys.com/about.html|publisher=Infosys|access-date=28 February 2021}}</ref> Infosys is the second-largest Indian IT company after [[Tata Consultancy Services]] by 2020 revenue figures and the 602nd largest public company in the world according to [[Forbes Global 2000]] ranking.<ref>{{cite magazine | title=Forbes 2020 Global 2000 | url=https://www.forbes.com/global2000/ | magazine=Forbes | access-date=28 February 2021}}</ref> The [[credit rating]] of the company is CRISIL AAA / Stable / CRISIL A1+ (rating by [[CRISIL]]).<ref>{{Cite web|title=Rating Rationale|url=https://www.crisil.com/mnt/winshare/Ratings/RatingList/RatingDocs/InfosysLimited_January%2005,%202021_RR.html|access-date=2021-07-29|website=www.crisil.com}}</ref>

On 24 August 2021, Infosys became the fourth Indian company to cross $100 billion in [[market capitalization]].<ref>{{Cite news|title=Infosys becomes 4th Indian company to touch $100 bn market cap|work=The Economic Times|url=https://economictimes.indiatimes.com/markets/stocks/news/infosys-becomes-4th-indian-company-to-touch-100-bn-market-cap/articleshow/85595820.cms|access-date=2021-08-25}}</ref><ref>{{Cite web|last=Salil|first=K.|date=2021-08-24|title=Infosys becomes fourth Indian company to reach market cap of $100 billion|url=https://thefederal.com/business/infosys-becomes-fourth-indian-company-to-reach-market-cap-of-100-billion/|access-date=2021-08-31|website=The Federal|language=en-US}}</ref>

==History==
Infosys was founded by seven engineers in Pune, Maharashtra, [[India]] with an initial capital of $250 in 1981.<ref>{{cite web |url=http://www.rediff.com/business/slide-show/slide-show-1-tech-major-events-in-the-history-of-infosys/20130602.htm#1 |title=Major events in the history of Infosys |publisher=Rediff.com Business |access-date=7 October 2017 |archive-url=https://web.archive.org/web/20171007171414/http://www.rediff.com/business/slide-show/slide-show-1-tech-major-events-in-the-history-of-infosys/20130602.htm#1 |archive-date=7 October 2017 |url-status=live }}</ref> It was registered as Infosys Consultants Private Limited on 2 July 1981.<ref name="Company History of Infosys">{{cite web |url=http://www.moneycontrol.com/company-facts/infosys/history/IT#IT |title=Company History of Infosys |publisher=Moneycontrol.com |access-date=7 October 2017 |archive-url=https://web.archive.org/web/20171007171610/http://www.moneycontrol.com/company-facts/infosys/history/IT#IT |archive-date=7 October 2017 |url-status=live }}</ref> In 1983, it relocated its office to Bangalore, Karnataka, India.

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.<ref>{{cite web |url=http://www.infosys.com/about/Pages/history.aspx |title=About Infosys |publisher=Infosys |access-date=23 September 2013 |archive-url=https://web.archive.org/web/20130927071331/http://www.infosys.com/about/Pages/history.aspx |archive-date=27 September 2013 |url-status=live }}</ref>

An initial public offering ([[IPO]]) was floated in February 1993 with an offer price of {{INRConvert|95|year=1993}} per share against a book value of {{INRConvert|20|year=1993}} per share. The IPO was undersubscribed but it was [[Bailout|"bailed out"]] by US investment bank [[Morgan Stanley]], which picked up a 13% equity stake at the offer price.<ref name=in.com_ITL_Bio>{{cite web |title=Infosys Technologies Bio |publisher=in.com |url=http://www.in.com/infosys-technologies/biography-1818.html |access-date=7 July 2013 |archive-url=https://web.archive.org/web/20130722234644/http://www.in.com/infosys-technologies/biography-1818.html |archive-date=22 July 2013 |url-status=dead}}</ref> Its shares were listed in June 1993 with trading opening at {{INRConvert|145|year=1993}} per share.<ref>{{cite web |title=Equity Shares Information |publisher=Infosys |url=http://www.infosys.com/investors/investor-services/Pages/FAQs.aspx |access-date=7 July 2013 |archive-url=https://web.archive.org/web/20130622152112/http://www.infosys.com/investors/investor-services/Pages/FAQs.aspx |archive-date=22 June 2013 |url-status=dead }}</ref>

Infosys shares were listed on the [[Nasdaq]] stock exchange in 1999 as [[American depositary receipt]]s. It became the first Indian company to be listed on Nasdaq. The share price surged to {{INRConvert|8.1|k|year=1999}} 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.<ref name="in.com_ITL_Bio"/> The ADR listing was shifted from Nasdaq to NYSE Euronext to give European investors better access to the company's shares.<ref>{{cite web|title=Infosys to shift listing of ADS to NYSE Euronext from Nasdaq|publisher=Infosys|url=http://economictimes.indiatimes.com/tech/ites/infosys-to-shift-listing-of-ads-to-nyse-euronext-from-nasdaq/articleshow/17430643.cms|date=30 November 2012|access-date=7 October 2017|archive-url=https://web.archive.org/web/20171007000000/http://201710071s.indiatimes.com/tech/ites/infosys-to-shift-listing-of-ads-to-nyse-euronext-from-nasdaq/articleshow/17430643.cms|archive-date=7 October 2017|url-status=live}}</ref>

On 28 July 2010, then British Prime Minister [[David Cameron]] visited Infosys HQ in Bangalore and addressed Infosys employees.<ref>{{Cite web|title=British Prime Minister David Cameron's speech at Infosys in India|url=https://www.gov.uk/government/news/british-prime-minister-david-camerons-speech-at-infosys-in-india|access-date=2021-07-29|website=GOV.UK|language=en}}</ref>

[[File:Bangalore Infosys .JPG|thumb|right|Infosys, [[Bangalore]]]]
Its annual revenue reached US$100 million in 1999, US$1 billion in 2004 and US$10 billion in 2017.<ref name="Company History of Infosys"/>

In 2012, Infosys announced a new office in [[Milwaukee]], Wisconsin, to serve [[Harley-Davidson]], being the 18th international office in the [[United States]].<ref>{{cite news |url=https://www.economist.com/news/special-report/21569576-developed-countries-are-beginning-take-back-service-industry-jobs-too-next-big |title=Services: The next big thing |work=The Economist |date=19 January 2013 |access-date=10 June 2013 |archive-url=https://web.archive.org/web/20130627100022/http://www.economist.com/news/special-report/21569576-developed-countries-are-beginning-take-back-service-industry-jobs-too-next-big |archive-date=27 June 2013 |url-status=live }}</ref><ref name="Milwaukee">{{cite web |publisher=Infosys.com |title=Infosys to expand its U.S. operations with a new Delivery Center in Wisconsin |url=http://www.infosys.com/newsroom/press-releases/Documents/2012/delivery-center-wisconsin.pdf |access-date=3 July 2013 |archive-url=https://web.archive.org/web/20131101071446/http://www.infosys.com/newsroom/press-releases/Documents/2012/delivery-center-wisconsin.pdf |archive-date=1 November 2013 |url-status=live }}</ref> Infosys hired 1,200 United States employees in 2011, and expanded the workforce by an additional 2,000 employees in 2012.<ref name="Milwaukee" />
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.

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.<ref>{{cite news|title=Edgeverve is born|url=http://wap.business-standard.com/article/companies/infy-s-edgeverve-moves-out-of-parent-s-shadow-114111700414_1.html|access-date=11 December 2015|newspaper=Business Standard|date=17 November 2014|archive-url=https://web.archive.org/web/20151222130629/http://wap.business-standard.com/article/companies/infy-s-edgeverve-moves-out-of-parent-s-shadow-114111700414_1.html|archive-date=22 December 2015|url-status=live}}</ref> 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.<ref>{{cite news|title=Finacle joins Edgeverve|url=http://www.business-standard.com/article/companies/we-want-to-be-india-s-top-employer-for-products-michael-reh-115090500596_1.html|access-date=11 December 2015|newspaper=Business Standard|date=5 September 2015|archive-url=https://web.archive.org/web/20151222104502/http://www.business-standard.com/article/companies/we-want-to-be-india-s-top-employer-for-products-michael-reh-115090500596_1.html|archive-date=22 December 2015|url-status=live}}</ref>

==Products and services==
Infosys provides software development, maintenance and independent validation services to companies in finance, insurance, manufacturing and other domains.<ref>{{cite news|title=Infosys realigns organisation structure|url=http://www.financialexpress.com/article/companies/infosys-realings-organisation-structure/39490/|work=[[The Financial Express (India)|The Financial Express]]|date=16 February 2015|access-date=4 March 2015|archive-url=https://web.archive.org/web/20150219080055/http://www.financialexpress.com/article/companies/infosys-realings-organisation-structure/39490/|archive-date=19 February 2015|url-status=dead}}</ref>

One of its known products is [[Finacle]] which is a universal banking solution with various modules for retail and corporate banking.<ref>{{cite news|title=Core Banking Systems – Gartner Says The Debate Has Shifted|url=https://www.forbes.com/sites/tomgroenfeldt/2014/11/26/core-banking-systems-gartner-says-the-debate-has-shifted/|publisher=[[Gartner]]|date=26 November 2014|access-date=1 September 2017|archive-url=https://web.archive.org/web/20170729191742/https://www.forbes.com/sites/tomgroenfeldt/2014/11/26/core-banking-systems-gartner-says-the-debate-has-shifted/|archive-date=29 July 2017|url-status=live}}</ref>
[[File:India Technology.jpg|thumb|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
*[[Cloud computing|Cloud]]-based enterprise transformation services<ref>{{Cite web|title=Infosys Cobalt: Cloud-Based Enterprise Transformation Services|url=https://www.infosys.com/services/cloud-cobalt.html|access-date=2021-07-29|website=www.infosys.com}}</ref>
* Infosys Information Platform (IIP) – Analytics platform
* EdgeVerve Systems which includes Finacle, a global banking platform
* [[Panaya]] Cloud Suite
* Skava- Now rebranded as Infosys Equinox
*Engineering Services<ref>{{Cite web|url=https://www.infosys.com/services/engineering-services.html|title=Enhance Business Value With Digital Engineering Services {{!}} Infosys|website=www.infosys.com|access-date=21 April 2020}}</ref>
*Digital Marketing<ref>{{Cite web|url=https://www.infosys.com/services/digital-marketing.html|title=Digital Marketing Services - Enhance Customer Relationship {{!}} Infosys|website=www.infosys.com|access-date=21 April 2020}}</ref>

==Geographical presence==
Infosys has 82 sales and marketing offices and 123 development centres across the world as of 31 March 2018, with major presence in India, United States, China, Australia, Japan, Middle East and Europe.<ref>{{citation |url=https://www.infosys.com/investors/shareholder-services/Pages/FAQs.aspx |title=Investor Frequently Asked Questions (FAQs) |publisher=Infosys.com |date=31 March 2018 |access-date=18 July 2018 |archive-url=https://web.archive.org/web/20180718205246/https://www.infosys.com/investors/shareholder-services/Pages/FAQs.aspx |archive-date=18 July 2018 |url-status=live }}</ref><ref>{{citation |url=https://www.infosys.com/about/Pages/overview.aspx |title=About Us |publisher=Infosys.com |access-date=18 July 2018 |archive-url=https://web.archive.org/web/20180718205016/https://www.infosys.com/about/Pages/overview.aspx |archive-date=18 July 2018 |url-status=live }}</ref>

In 2019, 60%, 24%, and 3% of its revenues were derived from projects in North America, Europe, and India, respectively. The remaining 13% of revenues were derived from the rest of the world.<ref name="InvestorSheet"/>

==Acquisitions==
{| class="wikitable"
|-
! Name of the acquired company !! Based in !! Acquisition cost !! Acquisition date !! The business of an acquired company
|-
| Expert Information Services || Australia || US$23 million || Dec 2003<ref>{{cite web |title=Infosys to buy Australian firm Expert for $22.9 m |work=The Hindu |url=http://www.thehindubusinessline.com/2003/12/19/stories/2003121902640100.htm |date=19 December 2003 |access-date=7 October 2017 |archive-url=https://web.archive.org/web/20090921224359/http://www.thehindubusinessline.com/2003/12/19/stories/2003121902640100.htm |archive-date=21 September 2009 |url-status=live }}</ref><ref>{{cite web |title=Infosys Media Release – Infosys announces agreement to acquire Expert |url=https://www.infosys.com/australia/news/Documents/infosys-acquires-expert.pdf |publisher=Infosys |date=18 December 2003 |access-date=7 October 2017 |archive-url=https://web.archive.org/web/20170708043353/https://www.infosys.com/australia/news/Documents/infosys-acquires-expert.pdf |archive-date=8 July 2017 |url-status=live }}</ref> || IT service provider
|-
| McCamish Systems || USA || US$38 million || Dec 2009<ref>{{cite web |title=Infosys BPO to acquire US company McCamish |work=Deccan Herald |url=http://www.deccanherald.com/content/35543/F |date=12 November 2009 |access-date=7 October 2017 |archive-url=https://web.archive.org/web/20150924044310/http://www.deccanherald.com/content/35543/F |archive-date=24 September 2015 |url-status=live }}</ref> || Insurance and financial services
|-
| Portland Group || Australia || AUD 37 million || Jan 2012<ref>{{cite web |title=Infosys BPO looking for buyouts to double its revenues to $1 bn |work=The Economic Times |url=http://economictimes.indiatimes.com/tech/ites/infosys-bpo-looking-for-buyouts-to-double-its-revenues-to-1-bn/articleshow/15009715.cms |date=17 July 2012 |access-date=7 October 2017 |archive-url=https://web.archive.org/web/20171007074510/http://economictimes.indiatimes.com/tech/ites/infosys-bpo-looking-for-buyouts-to-double-its-revenues-to-1-bn/articleshow/15009715.cms |archive-date=7 October 2017 |url-status=live }}</ref><ref>{{cite web |title=Infosys BPO to buy Australia's Portland Group |work=Business Line | url=http://www.thehindubusinessline.com/info-tech/infosys-bpo-to-buy-australias-portland-group/article2732190.ece |date=20 December 2011 |access-date=7 October 2017}}</ref> || Strategic sourcing and category management
|-
| Lodestone Holding AG || Switzerland || US$345 million || Sep 2012<ref>{{cite web |title=Infosys acquires Swiss firm Lodestone for Rs. 1,925 crore |work=The Hindu |url=http://www.thehindu.com/business/infosys-acquires-swiss-firm-lodestone-for-rs1925-crore/article3880535.ece |date=10 September 2012 |access-date=22 June 2013 |archive-url=https://web.archive.org/web/20130927134254/http://www.thehindu.com/business/infosys-acquires-swiss-firm-lodestone-for-rs1925-crore/article3880535.ece |archive-date=27 September 2013 |url-status=live }}</ref> || Management consultancy
|-
| [[Panaya]]|| Israel || US$200 million || Mar 2015<ref>{{cite web |title=Infosys buys automation technology startup Panaya, deal valued at Rs 1200 crore |work=The Economic Times |url=http://economictimes.indiatimes.com/tech/ites/infosys-buys-automation-technology-startup-panaya-deal-valued-at-rs-1200-crore/articleshow/46258808.cms |date=17 February 2015 |access-date=7 October 2017 |archive-url=https://web.archive.org/web/20171007122812/http://economictimes.indiatimes.com/tech/ites/infosys-buys-automation-technology-startup-panaya-deal-valued-at-rs-1200-crore/articleshow/46258808.cms |archive-date=7 October 2017 |url-status=live }}</ref><ref>{{cite web |title=Infosys' $200 million Israeli software company Panaya is in the eye of the storm |work=The Economic Times |url=http://economictimes.indiatimes.com/tech/ites/infys-200-m-israeli-software-panaya-the-eye-of-the-storm/articleshow/57116308.cms |access-date=7 October 2017 |archive-url=https://web.archive.org/web/20171004143046/http://economictimes.indiatimes.com/tech/ites/infys-200-m-israeli-software-panaya-the-eye-of-the-storm/articleshow/57116308.cms |archive-date=4 October 2017 |url-status=live }}</ref> || Automation technology
|-
| Skava || USA || US$120 million || Apr 2015<ref>{{cite web |title=Infosys Completes Acquisition of Skava |work=Infosys Limited |url=http://www.infosys.com/newsroom/press-releases/Pages/completes-skava-acquisition.aspx |date=4 June 2015 |access-date=7 October 2017 |archive-url=https://web.archive.org/web/20170708052706/https://www.infosys.com/newsroom/press-releases/Pages/completes-skava-acquisition.aspx |archive-date=8 July 2017 |url-status=live }}</ref><ref>{{cite web |title=Infosys completes Skava acquisition for $120 million |work=The Economic Times |url=http://economictimes.indiatimes.com/tech/ites/infosys-completes-skava-acquisition-for-120-million/articleshow/47539280.cms |date=4 June 2015 |access-date=7 October 2017 |archive-url=https://web.archive.org/web/20171007123357/http://economictimes.indiatimes.com/tech/ites/infosys-completes-skava-acquisition-for-120-million/articleshow/47539280.cms |archive-date=7 October 2017 |url-status=live }}</ref> || Digital experience solutions
|-
| Noah-Consulting || USA || US$70 million || Nov 2015<ref>{{cite web | title=Infosys completes acquisition of Noah Consulting | work=The Economic Times | url=http://economictimes.indiatimes.com/tech/ites/infosys-completes-acquisition-of-noah-consulting/articleshow/49844733.cms | access-date=3 February 2017 | archive-url=https://web.archive.org/web/20170207075428/http://economictimes.indiatimes.com/tech/ites/infosys-completes-acquisition-of-noah-consulting/articleshow/49844733.cms | archive-date=7 February 2017 | url-status=live }}</ref> || Information management consulting services

|-
|Skytree
|USA
|Undisclosed amount
|Apr 2017<ref>{{cite web |title=Infosys is reaching for the sky with holistic automation strategy |work=Horses for Sources |url=https://www.horsesforsources.com/Infosys-reaching-sky-holistic-automation-strategy_042117 |date=26 April 2017 |access-date=20 June 2019 |archive-url=https://web.archive.org/web/20190620100614/https://www.horsesforsources.com/Infosys-reaching-sky-holistic-automation-strategy_042117 |archive-date=20 June 2019 |url-status=live }}</ref>
|Machine learning
|-
| Brilliant Basics || UK || GBP 7.5 million || Aug 2017<ref>{{cite web |title=Infosys completes Brilliant Basics acquisition |work=Money Control |url=http://www.moneycontrol.com/news/business/infosys-completes-brilliant-basics-acquisition-2384159.html |date=11 September 2017 |access-date=7 October 2017 |archive-url=https://web.archive.org/web/20171007120006/http://www.moneycontrol.com/news/business/infosys-completes-brilliant-basics-acquisition-2384159.html |archive-date=7 October 2017 |url-status=live }}</ref> || Product design and customer experience
|-
|Fluido Oy
|Finland
|EUR 65 million
|Oct 2018<ref>{{cite web |title=Infosys Consulting buys Finnish Salesforce partner Fluido Oy for €65 million |work=Consultancy.eu |url=https://www.consultancy.eu/news/1791/infosys-consulting-buys-finnish-salesforce-partner-fluido-oy-for-65-million |date=17 September 2018 |access-date=20 June 2019 |archive-url=https://web.archive.org/web/20190620094745/https://www.consultancy.eu/news/1791/infosys-consulting-buys-finnish-salesforce-partner-fluido-oy-for-65-million |archive-date=20 June 2019 |url-status=live }}</ref>
|Salesforce advisor and consulting partner
|-
|WongDoody
|USA
|US$75 million
|Jan 2019<ref>{{Cite web|url=http://www.wongdoody.com/work/wongdoody-joins-infosys/|title=Wongdoody Joins Infosys|website=wongdoody.com|access-date=15 January 2019|archive-url=https://web.archive.org/web/20190116045807/http://www.wongdoody.com/work/wongdoody-joins-infosys/|archive-date=16 January 2019|url-status=dead}}</ref>
|Advertising and creative strategy services
|-
|Stater N.V.
|Netherlands
|EUR 127.5 million
|Apr 2019<ref>{{Cite web|last=Zacks|first=Publisher|title=Infosys Ups the Ante in Mortgage Servicing With Stater Buyout|url=https://www.nasdaq.com/articles/infosys-ups-the-ante-in-mortgage-servicing-with-stater-buyout-2019-04-01|access-date=29 September 2020|publisher=NASDAQ|language=en}}</ref>
|Mortgage services
|-
|Simplus
|USA-AU
|TBD
|Feb 2020<ref>{{cite news |last1=Simplus |first1=Infosys to buy US-based |title=Infosys to buy US-based Salesforce partner Simplus |url=https://www.thehindubusinessline.com/companies/infosys-to-buy-us-based-salesforce-partner-simplus/article30789595.ece |access-date=11 February 2020 |work=The Hindu}}</ref>
|Salesforce Partner
|-
|Kaleidoscope
|USA
|US$42 million
|Sep 2020<ref>{{Cite news|title=Infosys to acquire US-based firm Kaleidoscope for $42 mn|work=The Economic Times|url=https://economictimes.indiatimes.com/tech/ites/infosys-to-acquire-us-based-firm-kaleidoscope-for-42-mn/articleshow/77914364.cms|access-date=29 September 2020}}</ref>
|Product design and development
|-
|GuideVision
|Czechia
|EUR 30 million
|Oct 2020<ref>{{cite news|title=Czech-based GuideVision joins consulting arm of Infosys|work=Consultancy.eu|url=https://www.consultancy.eu/news/4976/czech-based-guidevision-joins-consulting-arm-of-infosys|access-date=30 September 2020}}</ref>
|ServiceNow partner
|}

==Listing and shareholding pattern==
[[File: Infosys Mcity, Building number 5.jpg|thumb|Main block in [[Chennai]] campus]]
In India, shares of Infosys are listed on the [[Bombay Stock Exchange|BSE]] where it is a part of the [[BSE SENSEX]] and the [[National Stock Exchange of India|NSE]] where it is a [[NIFTY 50]] Constituent.<ref>{{cite web |title=Stock Share Price {{!}} Get Quote {{!}} BSE |url=https://www.bseindia.com/stock-share-price/infosys-ltd/infy/500209/ |website=www.bseindia.com |access-date=9 May 2020}}</ref> Its shares are listed by way of [[American depositary receipt]]s (ADRs) at the [[New York Stock Exchange]].<ref>{{cite news |last1=Selina |first1=Hossain |title=Infosys Q4 results: Profit rises 6% to Rs 4,321 crore; firm suspends guidance |url=https://economictimes.indiatimes.com/markets/stocks/earnings/infosys-q4-results-profit-rises-6-to-rs-4321-crore-firm-suspends-guidance/articleshow/75251808.cms |access-date=9 May 2020 |work=The Economic Times |date=20 April 2020}}</ref>

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.<ref>{{Cite magazine |last=Ramesh |first=Jairam |date=29 March 1999 |title=Bangalore-based software firm Infosys becomes first Indian company to list on Nasdaq |url=https://www.indiatoday.in/magazine/guest-column/story/19990329-bangalore-based-software-firm-infosys-becomes-first-indian-company-to-list-on-nasdaq-780532-1999-03-29 |magazine=India Today |language=en-US |access-date=9 March 2018 |archive-url=https://web.archive.org/web/20180310010640/https://www.indiatoday.in/magazine/guest-column/story/19990329-bangalore-based-software-firm-infosys-becomes-first-indian-company-to-list-on-nasdaq-780532-1999-03-29 |archive-date=10 March 2018 |url-status=live }}</ref> As of 29 July 2021, the promoter holding was 12.95%, foreign institutional investors (FIIs) hold 33.39%, and domestic institutional investors (DIIs) hold 21.98%.<ref>{{Cite web|title=Infosys Share Price, Infosys Stock Price, Infosys Ltd. Stock Price, Share Price, Live BSE/NSE, Infosys Ltd. Bids Offers. Buy/Sell Infosys Ltd. news & tips, & F&O Quotes, NSE/BSE Forecast News and Live Quotes|url=https://www.moneycontrol.com/india/stockpricequote/computers-software/infosys/IT|access-date=2021-07-29|website=www.moneycontrol.com|language=en}}</ref>
[[File:Thiruvananthapuram Infosys Building.JPG|thumb|A building in [[Thiruvananthapuram]] campus]]

{| class="wikitable sortable"
|+Infosys shareholding and stakeholders pattern (as of 29 July 2021)<ref>{{cite web|title=clause35-june30-2017.pdf|url=https://www.infosys.com/investors/reports-filings/quarterly-results/Documents/Share-Holding/clause35-june30-2017.pdf|url-status=live|archive-url=https://web.archive.org/web/20171004135551/https://www.infosys.com/investors/reports-filings/quarterly-results/Documents/Share-Holding/clause35-june30-2017.pdf|archive-date=4 October 2017|access-date=4 October 2017}}</ref><ref>{{cite web|title=Infosys Shareholding Pattern – The Economic Times|url=http://economictimes.indiatimes.com/infosys-ltd/shareholding/companyid-10960.cms|url-status=live|archive-url=https://web.archive.org/web/20171004093532/http://economictimes.indiatimes.com/infosys-ltd/shareholding/companyid-10960.cms|archive-date=4 October 2017|access-date=4 October 2017}}</ref>
|-
! Shareholders!! Shareholding
|-
| [[Corporate promoter#Entrepreneur Promoters|Promoters group]]||{{0|0}}12.95%
|-
| Foreign institutional investors (FII) ||{{0|0}}33.39%
|-
| Domestic institutional investors (DII)||{{0|0}}21.98%
|-
| Public||{{0|0}}31.32%
|-
| Others||{{0|0}}0.36%
|-
| Total||100.00%
|}

=== Employees ===
Infosys had a total of 259,619 employees (generally known as "Infoscions") as of 2021, out of which 38.6% were women.<ref name="InvestorSheet">{{Cite web|last=Ltd.|first=Infosys|date=29 Jul 2021|title=Infosys Annual Report FY20-21|url=https://www.infosys.com/investors/reports-filings/annual-report/annual/documents/infosys-ar-21.pdf|access-date=|website=Infosys|publisher=infosys.com}}</ref> Out of its total workforce, 229,658 are software professionals and remaining 13,796 work for support and sales.<ref name="InvestorSheet" /> In 2016, 89% of its employees were based in India.<ref name="AR_2019">{{Cite news|title=Infosys net profit, revenue beat Street|work=The Economic Times|url=https://economictimes.indiatimes.com/markets/stocks/earnings/infosys-net-profit-revenue-beat-street/articleshow/87000465.cms|access-date=2022-01-04}}</ref>

During the 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.<ref name="AR_2019"/>

In it's Q3FY22 results in January, Infosys has reported that attrition has risen to 25.5%, from 20.1% in the September quarter. It has announced a profit of Rs 5,809 crore for the third quarter and said it is planning to hire 55,000 freshers for FY22 as part of its global graduate hiring program.

===Training Centre in Mysore===
[[File:Mysore India Infosys.JPG|thumb|The Development Centre in [[Mysore]] campus]]
As the world's largest corporate university, the Infosys global education centre in the 337 acre<ref>{{cite web |url=http://www.infosys.com/sustainability/green-innovation/Pages/mysore-campus.aspx |title=Infosys campus reflects commitment to a greener world |publisher=Infosys |access-date=9 September 2013 |url-status=dead |archive-url=https://web.archive.org/web/20130927071333/http://www.infosys.com/sustainability/green-innovation/Pages/mysore-campus.aspx |archive-date=27 September 2013}}</ref> campus has 400 instructors and 200+ classrooms,<ref name="100000T">{{cite news |url=http://www.mathrubhumi.com/english/story.php?id=124351 |title=Infosys has trained 100,000 graduates at Mysuru campus |newspaper=Mathrubhumi |date=1 June 2012 |access-date=9 September 2013 |url-status=dead |archive-url=https://web.archive.org/web/20130928180432/http://www.mathrubhumi.com/english/story.php?id=124351 |archive-date=28 September 2013}}</ref> with international benchmarks at its core. Established in 2002, it had trained around 125,000 engineering graduates by June 2015.<ref name="100000T" /> It can train 14,000 employees at a given point of time on various technologies.<ref>{{cite web |url=http://www.mysoresamachar.com/info_trg_cent.htm |title=Infosys builds world's biggest training centre in Mysore |publisher=Mysore Samachar |date=9 September 2013 |access-date=8 September 2013 |archive-url=https://web.archive.org/web/20130922195511/http://www.mysoresamachar.com/info_trg_cent.htm |archive-date=22 September 2013 |url-status=live }}</ref><ref name="MysoreET" />

The Infosys Leadership Institute (ILI), based in [[Mysuru]], has 196 rooms and trains about 4000 trainees annually.<ref name="MysoreET">{{cite news |url=http://articles.economictimes.indiatimes.com/2004-06-18/news/27400436_1_training-centre-mysore-employee-care-centre |title=Infy plans biggest training centre |newspaper=The Economic Times |date=18 June 2004 |access-date=9 September 2013 |archive-url=https://web.archive.org/web/20131110165403/http://articles.economictimes.indiatimes.com/2004-06-18/news/27400436_1_training-centre-mysore-employee-care-centre |archive-date=10 November 2013 |url-status=live }}</ref> 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,gym and bowling alley. Bowling alley is cheapest in the world with INR 50 per round. It has international level cricket ground approved by BCCI.

=== CEOs ===
Since its establishment in 1981 till 2014, the CEOs of Infosys were its promoters, with [[N. R. Narayana Murthy|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.<ref>{{cite web|url=http://gadgets.ndtv.com/others/news/infosys-names-vishal-sikka-as-first-external-ceo-540106?pfrom=home-rightnow|title=Infosys Names Vishal Sikka First External CEO; Chairman Murthy to Step Down|work=NDTV Gadgets|access-date=2 July 2015|archive-url=https://web.archive.org/web/20150703035326/http://gadgets.ndtv.com/others/news/infosys-names-vishal-sikka-as-first-external-ceo-540106?pfrom=home-rightnow|archive-date=3 July 2015|url-status=live}}</ref><ref>{{cite web |url=http://www.infosys.com/newsroom/press-releases/Pages/ceo-announcement.aspx |title=Infosys to appoint Dr. Vishal Sikka as Chief Executive Officer & Managing Director |publisher=Infosys Limited |access-date=2 July 2015 |archive-url=https://web.archive.org/web/20150703043913/http://www.infosys.com/newsroom/press-releases/Pages/ceo-announcement.aspx |archive-date=3 July 2015 |url-status=live }}</ref><ref>{{cite web|title=Infosys to pay its CEO Vishal Sikka Rs. 30 Crores annually|url=http://news.biharprabha.com/2014/07/infosys-to-pay-its-ceo-vishal-sikka-rs-30-crores-annually/|agency=Indo-Asian News Service|publisher=news.biharprabha.com|access-date=3 July 2014|archive-url=https://web.archive.org/web/20140707050759/http://news.biharprabha.com/2014/07/infosys-to-pay-its-ceo-vishal-sikka-rs-30-crores-annually/|archive-date=7 July 2014|url-status=live}}</ref> Dr. Vishal Sikka resigned in August 2017. In a personal note to board colleagues,<ref>{{cite news|title=Why Vishal Sikka quit as Infosys MD: Full text of his resignation letter|url=http://economictimes.indiatimes.com/markets/stocks/news/full-text-vishal-sikkas-resignation-letter/articleshow/60113647.cms|newspaper=The Economic Times|date=18 August 2017|access-date=6 September 2017|archive-url=https://web.archive.org/web/20170912065633/http://economictimes.indiatimes.com/markets/stocks/news/full-text-vishal-sikkas-resignation-letter/articleshow/60113647.cms|archive-date=12 September 2017|url-status=live}}</ref> Sikka cites a "drumbeat of distractions" and "false, baseless, malicious and increasingly personal attacks" as his reason for leaving Infosys.<ref>{{cite web|title=Infosys chief executive Vishal Sikka resigns|url=https://www.bbc.com/news/business-40971432|publisher=BBC|access-date=6 September 2017|archive-url=https://web.archive.org/web/20170906224220/http://www.bbc.com/news/business-40971432|archive-date=6 September 2017|url-status=live}}</ref> Many sources suspect this is in reference to a long running feud with Infosys Founders over the new direction Sikka was reportedly taking Infosys.<ref>{{cite web|title= Infosys CEO Vishal Sikka Resigns, Blames 'Drumbeat of Distractions'|url= https://www.cnbc.com/2017/08/18/infosys-ceo-vishal-sikka-resigns-blames-drumbeat-of-distractions.html|publisher= CNBC|access-date= 6 September 2017|archive-url= https://web.archive.org/web/20170906225746/https://www.cnbc.com/2017/08/18/infosys-ceo-vishal-sikka-resigns-blames-drumbeat-of-distractions.html|archive-date= 6 September 2017|url-status= live}}</ref><ref>{{cite web|title= Infosys says Vishal Sikka Resigns as CEO, becomes Vice Chairman|url= https://www.bloomberg.com/news/articles/2017-08-18/infosys-says-vishal-sikka-resigns-as-ceo-becomes-vice-chairman|publisher= Bloomberg Technology|access-date= 6 September 2017|archive-url= https://web.archive.org/web/20170906225720/https://www.bloomberg.com/news/articles/2017-08-18/infosys-says-vishal-sikka-resigns-as-ceo-becomes-vice-chairman|archive-date= 6 September 2017|url-status= live}}</ref><ref>{{cite news|title= Infosys CEO Resigns after Long Running Feud with Founders|url= https://www.reuters.com/article/us-infosys-ceo/infosys-ceo-resigns-after-long-running-feud-with-founders-idUSKCN1AY0DH|agency= Reuters|access-date= 6 September 2017|archive-url= https://web.archive.org/web/20170906224720/https://www.reuters.com/article/us-infosys-ceo/infosys-ceo-resigns-after-long-running-feud-with-founders-idUSKCN1AY0DH|archive-date= 6 September 2017|url-status= live}}</ref> After his resignation, UB Pravin Rao was appointed as Interim CEO and MD of Infosys.<ref name="Vishal_resigns">{{cite web|title=vishal-sikka-resigns-as-md-ceo-of-infosys|url=http://economictimes.indiatimes.com/markets/stocks/news/vishal-sikka-resigns-as-md-ceo-of-infosys/articleshow/60113175.cms|access-date=17 August 2017|archive-url=https://web.archive.org/web/20170820054852/http://economictimes.indiatimes.com/markets/stocks/news/vishal-sikka-resigns-as-md-ceo-of-infosys/articleshow/60113175.cms|archive-date=20 August 2017|url-status=live}}</ref> Infosys appointed [[Salil Parekh]] chief executive officer (CEO) and managing director (MD) of the company with effect from 2 January 2018,[http://www.upcomingipocalendar.com/ten-things-to-know-about-salil-s-parekh-the-new-infosys-ceo-and-md/].<ref>{{Cite news|url=https://timesofindia.indiatimes.com/business/india-business/infosys-appoints-capgeminis-salil-parekh-as-md-ceo/articleshow/61893756.cms|title=Infosys appoints Capgemini's Salil Parekh as MD & CEO|work=The Times of India|access-date=2 December 2017|archive-url=https://web.archive.org/web/20171203055511/https://timesofindia.indiatimes.com/business/india-business/infosys-appoints-capgeminis-salil-parekh-as-md-ceo/articleshow/61893756.cms|archive-date=3 December 2017|url-status=live}}</ref>

{| class="wikitable plainrowheaders"
|-

|}

==== List of Infosys CEOs ====
{| class="wikitable plainrowheaders"
|-
!Portrait Picture
! scope="col" | Name
! scope="col" | Period

|-
|[[File:Narayana Murthy CIF (cropped).JPG|center|frameless|146x146px]]
! scope="row" | [[Narayan Murthy]]
| 1981 to March 2002
|-
|[[File:Nandan M. Nilekani.jpg|center|frameless|150x150px]]
! scope="row" | [[Nandan Nilekani]]
| March 2002 to April 2007
|-
|[[File:Kris Gopalakrishnan - World Economic Forum on India 2012.jpg|center|frameless|150x150px]]
! scope="row" | [[S. Gopalakrishnan|Kris Gopalakrishnan]]
| April 2007 to August 2011
|-
|[[File:S. D. Shibulal 2013 Horasis Global India Business Meeting.jpg|center|frameless|132x132px]]
! scope="row" | [[S. D. Shibulal]]
| August 2011 to July 2014
|-
|[[File:VishalSikkaSapphireOrlando2010.jpg|center|frameless|150x150px]]
! scope="row" | [[Vishal Sikka]]
| August 2014 to August 2017
|-
|[[File:No photo available.svg|center|frameless|77x77px]]
! scope="row" | [[UB Pravin Rao]] (interim)
| August 2017 to December 2017<ref name="Vishal_resigns" />
|-
|[[File:Salil S Parekh.png|center|frameless|100x100px]]
! scope="row" | [[Salil Parekh|Salil S. Parekh]]
|January 2018 onwards<ref>{{cite web|title=Salil S Parekh to take over as CEO and MD of Infosys|url=https://timesofindia.indiatimes.com/business/india-business/salil-s-parekh-to-take-over-as-ceo-and-md-of-infosys/articleshow/61892876.cms|access-date=2 December 2017|archive-url=https://web.archive.org/web/20171203020358/https://timesofindia.indiatimes.com/business/india-business/salil-s-parekh-to-take-over-as-ceo-and-md-of-infosys/articleshow/61892876.cms|archive-date=3 December 2017|url-status=live}}</ref>
|}

== Awards and recognition ==

* In 2021, Infosys was positioned as a leader in the Forrester Wave Application Modernization & Migration Services.<ref>{{Cite web|title=Infosys Positioned as a Leader in The Forrester Wave™ Application Modernization and Migration Services, Q3 2021|url=https://www.infosys.com/services/application-modernization/analyst-reports/application-modernization-migration-services-q3-2021.html|access-date=2021-07-29|website=www.infosys.com}}</ref>
*In 2021, Infosys was positioned as a Leader in Gartner Magic Quadrant for Data and Analytics Services.<ref>{{Cite web|title=Infosys Positioned as a Leader in Gartner Magic Quadrant for Data and Analytics Services 2021|url=https://www.infosys.com/newsroom/press-releases/2021/leader-data-analytics-services2021.html|access-date=2021-07-29|website=www.infosys.com}}</ref>
*In 2020, Infosys was ranked No. 1 in the HFS Top 10 Agile Software Development 2020 report.<ref>{{Cite web|last=Infosys|title=Infosys Ranked #1 in the HFS Top 10 Agile Software Development 2020 Report|url=https://www.prnewswire.com/news-releases/infosys-ranked-1-in-the-hfs-top-10-agile-software-development-2020-report-301098708.html|access-date=23 July 2020|agency=PR Newswire|language=en}}</ref>
* In 2020, Infosys was recognized as a leader in Retail and CPG Digital Services by Avasant.<ref>{{Cite web|title=Retail and CPG Digital Services- Infosys is recognized as a Leader by Avasant RadarView|url=https://www.infosys.com/industries/consumer-packaged-goods/insights/radarview.html|access-date=7 October 2020|website=infosys.com}}</ref><ref>{{Cite web|title=Infosys Recognized as a Leader in Avasant's Retail & CPG Digital Services 2020-2021 RadarView Report|url=https://www.infosys.com/newsroom/features/2020/leader-retail-cpg-digital-services2020.html|access-date=7 October 2020|website=infosys.com}}</ref>
* In 2019, Infosys was a winner of the United Nations Global Climate Action Award in 'Climate Neutral Now' category.<ref>{{Cite web|title=Winners of the 2019 UN Global Climate Action Awards Announced|url=https://unfccc.int/news/winners-of-the-2019-un-global-climate-action-awards-announced|website=unfccc.int|access-date=15 May 2020}}</ref>
*In 2019, Infosys was ranked as the 3rd Best Regarded Company in the World by Forbes.<ref>{{Cite web|url=https://www.marketwatch.com/press-release/infosys-ranked-number-3-on-2019-forbes-worlds-best-regarded-companies-list-2019-09-25-1020220|title=Infosys Ranked Number 3 on 2019 Forbes 'World's Best Regarded Companies' List|website=MarketWatch|language=en-US|access-date=19 January 2020}}</ref>
* In 2017, HfS Research included Infosys in Winner's Circle of HfS Blueprint for Managed Security Services, Industry 4.0 services and Utility Operations.<ref>{{cite web | url=https://www.infosys.com/infrastructure-services/features-opinions/Pages/managed-security-services2017.aspx | title=Infosys in Winner's Circle of HfS Report for Managed Security Services | publisher=Infosys | date=5 April 2017 | access-date=7 October 2017 | archive-url=https://web.archive.org/web/20171007220106/https://www.infosys.com/infrastructure-services/features-opinions/Pages/managed-security-services2017.aspx | archive-date=7 October 2017 | url-status=live }}</ref><ref>{{cite web | url=https://www.infosys.com/engineering-services/features-opinions/Pages/industry-4-0-research-report.aspx | title=Infosys named in Winner's Circle of HfS Blueprint on Industry 4.0 services | publisher=Infosys | date=17 April 2017 | access-date=7 October 2017 | archive-url=https://web.archive.org/web/20171008030038/https://www.infosys.com/engineering-services/features-opinions/Pages/industry-4-0-research-report.aspx | archive-date=8 October 2017 | url-status=live }}</ref><ref>{{cite web | url=https://www.infosys.com/newsroom/features/Pages/utility-operations-report2017.aspx | title=Infosys in Winner's Circle of HfS Report for Utility Operations – 2017 | publisher=Infosys | date=7 June 2017 | access-date=7 October 2017 | archive-url=https://web.archive.org/web/20171007220225/https://www.infosys.com/newsroom/features/Pages/utility-operations-report2017.aspx | archive-date=7 October 2017 | url-status=live }}</ref>
* In 2013, Infosys was ranked 18th largest IT services provider in the world by HfS Research.<ref>{{cite web| url=https://www.gadgetsnow.com/tech-news/TCS-joins-top-10-global-IT-services-companies-club/articleshow/34067479.cms| title=TCS joins top 10 global IT services companies club| publisher=Gadgets Now| date=22 April 2014| access-date=13 September 2018| archive-url=https://web.archive.org/web/20180728040036/https://www.gadgetsnow.com/tech-news/TCS-joins-top-10-global-IT-services-companies-club/articleshow/34067479.cms| archive-date=28 July 2018| url-status=live}}</ref> In the same year, it was ranked 53rd in Forbes list of World's Most Innovative Companies.<ref>{{cite web|url=https://www.forbes.com/companies/infosys/|title=Infosys on the Forbes America's Best Employers By State List|work=Forbes|access-date=5 August 2019|archive-url=https://web.archive.org/web/20190805151943/https://www.forbes.com/companies/infosys/|archive-date=5 August 2019|url-status=live}}</ref>
* In 2012, Infosys was ranked {{Numero|19}} amongst the world's most innovative companies by ''[[Forbes]]''.<ref>{{cite magazine | url=https://www.forbes.com/pictures/elem45ld/19-infosys-india/ | title=#19: Infosys (India) – The World's Most Innovative Companies | magazine=Forbes | date=6 September 2012 | access-date=7 October 2017 | archive-url=https://web.archive.org/web/20171007173241/https://www.forbes.com/pictures/elem45ld/19-infosys-india/ | archive-date=7 October 2017 | url-status=dead }}</ref> In the same year, Infosys was in the list of top twenty green companies in ''[[Newsweek]]''{{'s}} Green Rankings for 2012.<ref>{{cite magazine | url=https://www.newsweek.com/2012/10/22/newsweek-green-rankings-2012-global-500-list.html | title=Newsweek Green Rankings 2012: Global 500 List – Newsweek | magazine=Newsweek | date=22 October 2012 | access-date=13 September 2018 | archive-url=https://web.archive.org/web/20180213054632/http://www.newsweek.com/2012/10/22/newsweek-green-rankings-2012-global-500-list.html | archive-date=13 February 2018 | url-status=dead }}</ref>
* 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.<ref>{{cite web | url=https://www.infosys.com/investors/reports-filings/annual-report/annual/Documents/AR-2011/Theme-Pages/finance_journey.html | title=The finance journey | publisher=Infosys | access-date=23 October 2017 | archive-url=https://web.archive.org/web/20171023064034/https://www.infosys.com/investors/reports-filings/annual-report/annual/Documents/AR-2011/Theme-Pages/finance_journey.html | archive-date=23 October 2017 | url-status=dead }}</ref>

==Controversies==

=== Settlement of tax fraud in the US ===
In December 2019, the Attorney General of California, Xavier Becerra announced an $800,000 settlement against Infosys and its BPM (business process management) subsidiary. Close to 500 Infosys employees were working in the state on Infosys-sponsored B-1 visas instead of H-1B visas between 2006 and 2017, as per an official post available on the website of State of California.<ref>{{Cite web|date=17 December 2019|title=Attorney General Becerra Announces $800,000 Settlement Against Infosys for Misclassification of Foreign Workers and Tax Fraud|url=https://oag.ca.gov/news/press-releases/attorney-general-becerra-announces-800000-settlement-against-infosys|access-date=23 October 2020|website=State of California - Department of Justice - Office of the Attorney General|language=en}}</ref><ref>{{Cite news|others=Special Correspondent|date=18 December 2019|title=Infosys to settle visa violation case in California for $800,000|language=en-IN|work=The Hindu|url=https://www.thehindu.com/news/international/infosys-to-settle-visa-violation-case-in-california-for-800000/article30335612.ece|access-date=23 October 2020|issn=0971-751X}}</ref>

This misclassification resulted in Infosys avoiding California payroll taxes such as unemployment insurance, disability insurance, and employment training taxes.<ref>{{Cite web|date=19 December 2019|first=Shilpa|last=Phadnis|title=Infosys news: Infosys pays California $800,000 to settle visa case|url=https://timesofindia.indiatimes.com/business/india-business/infosys-pays-california-8-lakh-to-settle-visa-case/articleshow/72878135.cms|access-date=23 October 2020|website=The Times of India|language=en}}</ref><ref>{{Cite web|date=18 December 2019|title=Infosys News: Infosys to pay $800,000 to settle worker misclassification, tax fraud charges|url=https://timesofindia.indiatimes.com/business/india-business/infosys-to-pay-800000-to-settle-worker-misclassification-tax-fraud-charges/articleshow/72862110.cms|access-date=23 October 2020|website=The Times of India|language=en}}</ref>

=== Accusation of visa fraud in the US ===
In 2011, Infosys was accused of committing [[visa fraud]] by using [[B visa|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,<ref>{{cite news |url=https://www.nytimes.com/2012/08/21/us/alabama-judge-dismisses-infosys-whistle-blower-suit.html |title=Judge dismisses Infosys suit |work=The New York Times |date=20 August 2012 |access-date=29 October 2012 |first=Julia |last=Preston |archive-url=https://web.archive.org/web/20121021012506/http://www.nytimes.com/2012/08/21/us/alabama-judge-dismisses-infosys-whistle-blower-suit.html |archive-date=21 October 2012 |url-status=live }}</ref> it along with another similar case,<ref>[https://www.wsj.com/articles/SB10000872396390443537404577578653130863044 "Former Employee Sues Infosys"] {{Webarchive|url=https://web.archive.org/web/20170709234620/https://www.wsj.com/articles/SB10000872396390443537404577578653130863044 |date=9 July 2017 }}, 9 August 2012, ''The Wall Street Journal''</ref><ref>[http://www.deccanherald.com/content/271636/infosys-slashed-80-my-portfolio.html {{"'}}Infosys slashed 80% of my portfolio{{'"}}] {{Webarchive|url=https://web.archive.org/web/20121109081132/http://www.deccanherald.com/content/271636/infosys-slashed-80-my-portfolio.html |date=9 November 2012 }}, Shayan Ghosh, 14 August 2012, ''Deccan Herald''</ref><ref>[http://www.indianexpress.com/news/infosys-says-settles-whistleblower-satya-dev-tripuraneni-visa-fraud-lawsuit/1045403 "Infosys says settles whistleblower..."], 14 December 2012, ''The Indian Express''</ref> 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.<ref>{{cite web |last=Thibodeau |first=Patrick |title=Whistleblower to continue helping U.S. Infosys probe |url=http://www.computerworld.com/s/article/9230419/Whistleblower_to_continue_helping_U.S._Infosys_probe |work=Computerworld |access-date=27 September 2012 |archive-url=https://web.archive.org/web/20121102154924/http://www.computerworld.com/s/article/9230419/Whistleblower_to_continue_helping_U.S._Infosys_probe |archive-date=2 November 2012 |url-status=live }}</ref>

In October 2013, Infosys agreed to settle the civil suit with US authorities by paying US$34 million.<ref>{{cite news |url=http://articles.timesofindia.indiatimes.com/2013-10-31/software-services/43558764_1_b-1-visas-bangalore-based-infosys-infosys-statement |title=Infosys to pay $34m fine within 10 days. settlement not to affect future visas |date=31 October 2013 |access-date=2 November 2013 |archive-url=https://web.archive.org/web/20131103021546/http://articles.timesofindia.indiatimes.com/2013-10-31/software-services/43558764_1_b-1-visas-bangalore-based-infosys-infosys-statement |archive-date=3 November 2013 |newspaper=[[The Times of India]] |url-status=dead }}</ref> Infosys refused to admit guilt and stressed that it only agreed to pay the fine to avoid the nuisance of "prolonged litigation".<ref>{{cite news |url=http://www.firstpost.com/business/infosys-doesnt-admit-to-guilt-but-will-pay-34-mn-us-visa-fine-1203579.html |title=Infosys doesn't admit to guilt, but will pay $34 mn US visa fine |newspaper=First Post |date=31 October 2013 |access-date=2 November 2013 |archive-url=https://web.archive.org/web/20131109080659/http://www.firstpost.com/business/infosys-doesnt-admit-to-guilt-but-will-pay-34-mn-us-visa-fine-1203579.html |archive-date=9 November 2013 |url-status=live }}</ref> 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".<ref>{{cite news |url=http://articles.timesofindia.indiatimes.com/2013-10-30/software-services/43526427_1_infosys-visa-programmes-immigration-abuse |title=Infosys settles visa fraud investigation, pays $34m |date=30 October 2013 |access-date=2 November 2013 |archive-url=https://web.archive.org/web/20131102080442/http://articles.timesofindia.indiatimes.com/2013-10-30/software-services/43526427_1_infosys-visa-programmes-immigration-abuse |archive-date=2 November 2013 |newspaper=[[The Times of India]] |url-status=dead }}</ref>

=== 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]]. The investigation did not find any wrongdoing.<ref>{{cite web|last1=Lynch|first1=Sarah|title=Infosys says cleared in U.S. visa probe by Labor Department|url=https://www.reuters.com/article/infosys-h1b-probes-idUSL1N11A0TQ20150908|agency=Reuters|access-date=29 January 2017|archive-url=https://web.archive.org/web/20170202063845/http://www.reuters.com/article/infosys-h1b-probes-idUSL1N11A0TQ20150908|archive-date=2 February 2017|url-status=live}}</ref>

=== Allegations of Financial Irregularities ===
In 2019, whistle blowers alleged irregularities in the company's financial accounting. Internal investigations conducted by the company concluded that the allegations were without merit.<ref>{{cite web|last1=Parkin|first1=Benjamin|date=10 January 2020|title=Infosys probe finds whistleblower complaints were without merit|url=https://www.ft.com/content/d9889bf8-3399-11ea-9703-eea0cae3f0de|access-date=21 August 2020|website=Financial Times|publisher=Financial Times of London}}</ref> External auditors said that Infosys' approach to revenue recognition was in line with IAS 34 regulations.<ref>{{Cite news|last=Mohapatra|first=Debasis|date=21 October 2019|title=Whistleblower stings Infosys again; alleges irregularities in accounting|work=Business Standard India|url=https://www.business-standard.com/article/companies/whistleblower-stings-infosys-over-allegation-of-wrong-accounting-practices-119102100499_1.html|access-date=21 August 2020}}</ref>

==See also==
*[[List of IT consulting firms]]
*[[List of IT companies in India]]
*[[Infosys BPO#Acquisitions|List of acquisitions by Infosys BPO Limited]]
{{Portalbar|India|Companies}}

==References==
{{Reflist|30em}}

==External links==
{{Commons category}}

* {{official}}
{{finance links|name=Infosys Ltd|symbol=INFY|sec_cik=1067491|hoovers=Infosys_Technologies_Limited.99f6f703dd357efb}}

{{Infosys}}
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