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| type = [[Public]] | | type = [[Public]] | ||
| traded_as = {{Unbulleted list|{{BSE|500209}}|{{NSE|INFY}}|{{NYSE|INFY}}|[[BSE SENSEX|BSE SENSEX Constituent]]|[[NIFTY 50|NSE NIFTY 50 Constituent]]}} | | traded_as = {{Unbulleted list|{{BSE|500209}}|{{NSE|INFY}}|{{NYSE|INFY}}|[[BSE SENSEX|BSE SENSEX Constituent]]|[[NIFTY 50|NSE NIFTY 50 Constituent]]}} | ||
| ISIN = | | ISIN = {{ISIN|sl=n|pl=y|INE009A010321}} | ||
| industry = [[Information technology]]<br>[[Consulting]]<br>[[Outsourcing]] | | industry = [[Information technology]]<br>[[Consulting]]<br>[[Outsourcing]] | ||
| foundation = {{Start date and age|2 July 1981}} | | foundation = {{Start date and age|2 July 1981}} [[Pune]], [[India]] | ||
| founders = {{Unbulleted list|[[N. R. Narayana Murthy]]|[[Nandan Nilekani]]|[[ | | founders = {{Unbulleted list|[[N. R. Narayana Murthy]]|[[Nandan Nilekani]]|[[Kris Gopalakrishnan]]|[[S. D. Shibulal]]|[[K. Dinesh]]|[[N. S. Raghavan]]|Ashok Arora}} | ||
| hq_location_city = [[Bangalore]], [[Karnataka]] | | hq_location_city = [[Bangalore]], [[Karnataka]] | ||
| hq_location_country = India | | hq_location_country = [[India]] | ||
| area_served = Worldwide | | area_served = Worldwide | ||
| key_people = [[Nandan Nilekani]] | | key_people = [[Nandan Nilekani]] ([[Chairman]])<br>[[Salil Parekh]] ([[Managing Director|MD]] & [[Chief Executive Officer|CEO]])<ref>{{cite news|title=Infosys appoints Salil S. Parekh as CEO and Managing Director|newspaper=The Economic Times |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> | ||
<br> | |||
| services = | | services = | ||
| revenue = {{Increase}} {{INRConvert| | | revenue = {{Increase}} {{INRConvert|149468|c}}<ref name=pnl>{{cite web|title=Infosys Consolidated Profit & Loss account, Infosys Financial Statement & Accounts|url=https://www.infosys.com/investors/reports-filings/quarterly-results/2022-2023/q4/documents/consolidated/consol-fy23-q4-and-12m-finstatement.pdf|access-date=13 April 2023|website=www.infosys.com}}</ref> | ||
| revenue_year = | | revenue_year = 2023 | ||
| operating_income = {{Increase}} {{INRConvert| | | operating_income = {{Increase}} {{INRConvert|33322|c}}<ref name=pnl/> | ||
| income_year = | | income_year = 2023 | ||
| net_income = {{Increase}} {{INRConvert| | | net_income = {{Increase}} {{INRConvert|24108|c}}<ref name=pnl/> | ||
| net_income_year = | | net_income_year = 2023 | ||
| assets = {{Increase}} {{INRConvert| | | assets = {{Increase}} {{INRConvert|125816|c}}<ref name=pnl/> | ||
| assets_year = | | assets_year = 2023 | ||
| equity = {{Increase}} {{INRConvert| | | equity = {{Increase}} {{INRConvert|75795|c}}<ref name=pnl/> | ||
| equity_year = | | equity_year = 2023 | ||
| num_employees = | | num_employees = 3,36,294 (June 2023)<ref>{{cite web |title=Infosys headcount shrinks by 6,940 in Q1FY24, employee count declines for second consecutive quarter|url=https://www.moneycontrol.com/news/business/announcements/infosys-headcount-shrinks-by-6940-in-q1fy24-employee-count-declines-for-second-consecutive-quarter-10995731.html |access-date=21 July 2023}}</ref> | ||
| divisions = {{Unbulleted list|[[Infosys BPM]]|[[EdgeVerve Systems]]|[[Infosys Consulting]]}} | | divisions = {{Unbulleted list|[[Infosys BPM]]|[[EdgeVerve Systems]]|[[Infosys Consulting]]}} | ||
| footnotes = <ref name="xbrlus_1">{{ | | 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+ | | rating = CRISIL AAA / Stable / CRISIL A1+ | ||
| homepage = {{URL|https://www.infosys.com/}} | | homepage = {{URL|https://www.infosys.com/}} | ||
}} | }} | ||
'''Infosys Limited''' is an | '''Infosys Limited''' is an [[India]]n [[Multinational corporation|multinational]] [[information technology]] company that provides [[business consulting]], [[information technology]] and [[outsourcing]] services. The company was founded in [[Pune]] and is headquartered in [[Bangalore]].<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 [[Technology company|IT company]], after [[Tata Consultancy Services]], by 2020 revenue figures, and the 602nd largest [[public company]] in the world, according to the [[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> | ||
On 24 August 2021, Infosys became the fourth Indian company to | On 24 August 2021, Infosys became the fourth Indian company to reach {{currency|100|USD}} [[billion]] in [[market capitalization]]. It is one of the top [[Big Tech (India)]] companies.<ref>{{Cite news|title=Infosys becomes 4th Indian company to touch $100 bn market cap|work=The Times of India|url=https://timesofindia.indiatimes.com/business/india-business/infosys-becomes-fourth-indian-firm-to-touch-100-billion-market-cap/articleshow/85612033.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}}</ref> | ||
==History== | ==History== | ||
Infosys was founded by seven engineers in Pune, Maharashtra, [[India]] | Infosys was founded by seven engineers in [[Pune]], Maharashtra, [[India]]. Its initial capital was $150.<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 hyHistory 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 to Bangalore, Karnataka. | ||
The company changed its name to | 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 renamed 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> | 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> | Infosys shares were listed on the [[Nasdaq]] stock exchange in 1999 as [[American depositary receipt]]s (ADR). It became the first Indian company to be listed on Nasdaq.{{Citation needed|date=August 2022}} 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> | ||
In 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}}</ref> | |||
[[File:Bangalore Infosys .JPG|thumb|right|Infosys, [[Bangalore]]]] | [[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 | Its annual revenue reached US$100 million in 1999, US$1 billion in 2004 and US$10 billion in 2017.<ref name="Company hyHistory of Infosys" /> | ||
In 2012, Infosys announced a new office in [[Milwaukee]], Wisconsin, to serve [[Harley-Davidson | In 2012, Infosys announced a new office in [[Milwaukee]], Wisconsin, to serve [[Harley-Davidson]].<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 |newspaper=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 2,000 employees in 2012.<ref name="Milwaukee" /> | ||
In April 2018 Infosys announced | In April 2018, Infosys announced expansion in [[Indianapolis]], Indiana. | ||
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, | 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, assets from Finacle Global Banking Solutions were transferred from Infosys, thus becoming 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== | ==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> | 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> | ||
[[File:India Technology.jpg|thumb|Glass building in [[Pune]] campus]] | [[File:India Technology.jpg|thumb|Glass building in [[Pune]] campus]] | ||
| Line 70: | Line 69: | ||
* NIA – Next Generation Integrated AI Platform (formerly known as Mana) | * NIA – Next Generation Integrated AI Platform (formerly known as Mana) | ||
* [[Infosys Consulting]] – a global management consulting service | * [[Infosys Consulting]] – a global management consulting service | ||
*[[Cloud computing|Cloud]]-based enterprise transformation services<ref>{{ | *[[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) | * Infosys Information Platform (IIP), an analytics platform | ||
* EdgeVerve Systems which includes Finacle, a global banking platform | * EdgeVerve Systems, which includes Finacle, a global banking platform | ||
* [[Panaya]] Cloud Suite | * [[Panaya]] Cloud Suite | ||
* Skava | * Skava (now Infosys Equinox) | ||
*Engineering Services<ref>{{ | *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>{{ | *[[Digital marketing|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> | ||
*Blockchain<ref>{{Cite web |title=Blockchain Services & Technology Offerings by Infosys |url=https://www.infosys.com/services/blockchain.html |access-date=2023-03-28 |website=www.infosys.com}}</ref> | |||
==Geographical presence== | ==Geographical presence== | ||
| Line 82: | Line 82: | ||
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"/> | 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"/> | ||
In 2022, Infosys's presence in Russia came under scrutiny. Infosys issued a clarification stating that they don't have active relationships with Russian firms.<ref name="autogenerated1">{{cite web|url=https://www.bbc.com/news/uk-politics-61017993 |title=Rishi Sunak faces questions over wife Akshata Murty's non-dom tax status |work=[[BBC News]] |date=2022-03-25 |accessdate=2022-04-07}}</ref><ref>{{Cite web |date=2022-06-26 |title=Infosys has team of less than 100 in Russia, transitioning them outside: CEO Parekh |url=https://www.businesstoday.in/latest/corporate/story/infosys-has-team-of-less-than-100-in-russia-transitioning-them-outside-ceo-parekh-339217-2022-06-26 |access-date=2022-12-13 |website=Business Today |language=en}}</ref> By November, 2022; the only people working there were administrative staff helping with transferring the existing contracts to other contractors.<ref>{{Cite web |date=2022-11-04 |title=Infosys still operating from Russia eight months after saying it was pulling out |url=https://www.theguardian.com/world/2022/nov/04/infosys-still-operating-russia-rishi-sunak-akshata-murty |access-date=2022-12-13 |website=the Guardian |language=en}}</ref> | |||
==Acquisitions== | ==Acquisitions== | ||
| Line 96: | Line 98: | ||
| 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 | | 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 | | [[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 news |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 |last1=Mahalingam |first1=T. V. |last2=Mendonca |first2=Jochelle |last3=Balasubramanyam |first3=K. R. |last4=Talgeri |first4=Kunal }}</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 | | 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 | | Noah-Consulting || USA || US$70 million || Nov 2015<ref>{{cite news | 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 | ||
|- | |- | ||
| Line 120: | Line 122: | ||
|USA | |USA | ||
|US$75 million | |US$75 million | ||
|Jan 2019<ref>{{ | |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 | |Advertising and creative strategy services | ||
|- | |- | ||
| Line 126: | Line 128: | ||
|Netherlands | |Netherlands | ||
|EUR 127.5 million | |EUR 127.5 million | ||
|Apr 2019<ref>{{ | |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}}</ref> | ||
|Mortgage services | |Mortgage services | ||
|- | |- | ||
| Line 142: | Line 144: | ||
|- | |- | ||
|GuideVision | |GuideVision | ||
| | |Czech Republic | ||
|EUR 30 million | |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> | |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 | |ServiceNow partner | ||
|- | |||
|Oddity | |||
|Germany | |||
|EUR 50 million | |||
|Mar 2022<ref>{{cite news|title=Infosys to acquire German digital marketing firm Oddity for Euro 50 mn|url=https://www.business-standard.com/article/companies/infosys-to-acquire-german-digital-marketing-firm-oddity-for-euro-50-mn-122032201008_1.html|access-date=22 March 2022}}</ref> | |||
|Digital marketing, Experience, and Commerce agencies | |||
|} | |} | ||
Infosys has successfully completed the acquisition of BASE life science, a leading technology and consulting firm in the life sciences industry, in Denmark, Europe. (dated 13 July 2022). | |||
==Listing and shareholding pattern== | ==Listing and shareholding pattern== | ||
| Line 152: | Line 163: | ||
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> | 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 | 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 |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}}</ref> | ||
[[File:Thiruvananthapuram Infosys Building.JPG|thumb|A building in [[Thiruvananthapuram]] campus]] | [[File:Thiruvananthapuram Infosys Building.JPG|thumb|A building in [[Thiruvananthapuram]] campus]] | ||
| Line 160: | Line 171: | ||
! Shareholders!! Shareholding | ! Shareholders!! Shareholding | ||
|- | |- | ||
| [[Corporate promoter#Entrepreneur | | [[Corporate promoter#Entrepreneur promoters|Promoters group]]||{{0|0}}12.95% | ||
|- | |- | ||
| Foreign institutional investors (FII) ||{{0|0}}33.39% | | Foreign institutional investors (FII) ||{{0|0}}33.39% | ||
| Line 168: | Line 179: | ||
| Public||{{0|0}}31.32% | | Public||{{0|0}}31.32% | ||
|- | |- | ||
| Others||{{0|0}}0.36% | | Others||{{0|0}}{{pad|0.3em}}0.36% | ||
|- | |- | ||
| Total||100.00% | | Total||100.00% | ||
|} | |} | ||
==Operations== | |||
=== Employees === | === 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">{{ | 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"/> | 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 | In its 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 | ===Training centre in Mysore=== | ||
[[File:Mysore India Infosys.JPG|thumb|The Development Centre in [[Mysore]] campus]] | [[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 | 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 Mysore 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 [[ | The Infosys Leadership Institute (ILI), based in [[Mysore]], has 196 rooms and trains about 4,000 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 | The Infosys Training Centre in Mysore also provides a number of extracurricular facilities like tennis, badminton, basketball, swimming pool, gym and bowling alley. It has an international level cricket ground approved by [[Board of Control for Cricket in India|BCCI]]. | ||
=== CEOs === | === CEOs === | ||
Since its establishment in 1981 | Since its establishment in 1981 until 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; he held the position 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 news|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> Sikka resigned in August 2017. After his resignation, UB Pravin Rao was appointed as Interim CEO and MD of the company.<ref name="Vishal_resigns">{{cite news|title=vishal-sikka-resigns-as-md-ceo-of-infosys|newspaper=The Economic Times |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|last1=Mandavia |first1=Megha }}</ref> Infosys appointed [[Salil Parekh]] as chief executive officer (CEO) and managing director (MD) with effect from 2 January 2018.<ref>{{Cite web |url=http://www.upcomingipocalendar.com/ten-things-to-know-about-salil-s-parekh-the-new-infosys-ceo-and-md/ |title=Ten Things to Know About Salil S Parekh, the new Infosys CEO and MD | Upcoming IPO Calendar |access-date=3 December 2017 |archive-date=4 December 2017 |archive-url=https://web.archive.org/web/20171204041633/http://www.upcomingipocalendar.com/ten-things-to-know-about-salil-s-parekh-the-new-infosys-ceo-and-md/ |url-status=dead }}</ref><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> | ||
==== List of Infosys CEOs ==== | ==== List of Infosys CEOs ==== | ||
| Line 202: | Line 209: | ||
! scope="col" | Name | ! scope="col" | Name | ||
! scope="col" | Period | ! scope="col" | Period | ||
|- | |- | ||
|[[File:Narayana Murthy CIF (cropped).JPG|center|frameless|146x146px]] | |[[File:Narayana Murthy CIF (cropped).JPG|center|frameless|146x146px]] | ||
| Line 225: | Line 230: | ||
| August 2014 to August 2017 | | August 2014 to August 2017 | ||
|- | |- | ||
| | | | ||
! scope="row" | [[UB Pravin Rao]] (interim) | ! scope="row" | [[UB Pravin Rao]] (interim) | ||
| August 2017 to December 2017<ref name="Vishal_resigns" /> | | August 2017 to December 2017<ref name="Vishal_resigns" /> | ||
| Line 231: | Line 236: | ||
|[[File:Salil S Parekh.png|center|frameless|100x100px]] | |[[File:Salil S Parekh.png|center|frameless|100x100px]] | ||
! scope="row" | [[Salil Parekh|Salil S. Parekh]] | ! 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> | |January 2018 onwards<ref>{{cite web|title=Salil S Parekh to take over as CEO and MD of Infosys|website=[[The Times of India]] |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 == | == Awards and recognition == | ||
* In 2021, Infosys was positioned as a leader in the Forrester Wave Application Modernization & Migration Services.<ref>{{ | * 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>{{ | *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>{{ | *In 2020, Infosys was ranked No. 1 in the HFS Top 10 Agile Software Development 2020 report.<ref>{{cite news|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}}</ref> | ||
* In 2020, Infosys was recognized as a leader in Retail and CPG Digital Services by Avasant.<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|archive-date=8 October 2020|archive-url=https://web.archive.org/web/20201008223645/https://www.infosys.com/industries/consumer-packaged-goods/insights/radarview.html|url-status=dead}}</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>{{ | * 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>{{ | *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|access-date=19 January 2020}}{{Dead link|date=January 2023 |bot=InternetArchiveBot |fix-attempted=yes }}</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 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 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> | ||
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* 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> | * 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== | == Controversies == | ||
=== Settlement of tax fraud in the US === | === 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>{{ | 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}}</ref><ref>{{Cite news|date=18 December 2019|title=Infosys to settle visa violation case in California for $800,000|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>{{ | 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}}</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}}</ref> | ||
=== Accusation of visa fraud in the US === | === 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> | 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 it,<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> 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 |date=21 August 2012 |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> | |||
===Malfunctioning income tax, GST and MCA portal=== | |||
From 2016 onwards, after Infosys took over the contract from [[Tata Consultancy Services]] stakeholders complained about malfunctioning and low performance of portals multiple times. The [[Income Tax Department|Income Tax]] portal went down on the due date of multiple tax periods and taxpayers ended up paying late fees and penalties, and the government allowed the extension of due dates because of this.<ref>{{Cite news |title=Income Tax portal develops snag on first anniversary, govt asks Infosys to look into issue |work=The Economic Times |url=https://economictimes.indiatimes.com/news/economy/policy/a-year-on-since-launch-i-t-portal-marred-with-another-glitch-infosys-directed-to-fix-issue/articleshow/92056970.cms?from=mdr |access-date=2022-10-30}}</ref><ref>{{Cite web |date=2022-07-03 |title=Taxpayers facing issues in accessing Income Tax Dept portal; Infosys reacts |url=https://tech.hindustantimes.com/tech/news/taxpayers-facing-issues-in-accessing-income-tax-dept-portal-infosys-reacts-71656826720808.html |access-date=2022-10-30 |website=HT Tech |language=en}}</ref><ref>{{Cite web |title=Income Tax Portal Still Remains the Worst Nightmare for CAs; But for Govt, 'All is Well' |url=https://www.moneylife.in/article/income-tax-portal-still-remains-the-worst-nightmare-for-cas-but-for-govt-all-is-well/66024.html |access-date=2022-10-30 |website=Moneylife NEWS & VIEWS |language=en}}</ref><ref>{{Cite web |date=2022-06-08 |title=Infosys' I-T Portal Continues to Experience Glitch Issues Since Its Launch in June 2021 |url=https://www.news18.com/news/tech/taxing-experience-how-infosys-designed-i-t-portal-has-been-mired-in-glitches-since-launch-in-june-2021-5334193.html |access-date=2022-10-30 |website=News18 |language=en}}</ref> | |||
[[Chartered accountant]]s and [[Company secretary|Company]] secretaries raised issues with [[Ministry of Corporate Affairs|MCA]] portal on due dates. Many companies became liable for additional fees and fines due to non-compliance. This issue is turning opposite to [[Ease of doing business index|Ease of doing business]] initiatives of [[Government of India]].<ref>{{Cite web |date=2021-06-22 |title=Infosys earlier drew flak for MCA21, GSTN portal 'issues' |url=https://indianexpress.com/article/business/companies/infosys-earlier-drew-flak-for-mca21-gstn-portal-issues-7369755/ |access-date=2022-10-30 |website=The Indian Express |language=en}}</ref><ref>{{Cite web |title=MCA21 is down for a month after a handover of the management by TCS to Infosys. Why? |url=https://www.moneylife.in/article/mca21-is-down-for-a-month-after-a-handover-of-the-management-by-tcs-to-infosys-why/31305/pathbreakers.html |access-date=2022-10-30 |website=Moneylife NEWS & VIEWS |language=en}}</ref><ref>{{Cite news |last=Hebbar |first=Nistula |date=2021-09-03 |title=Panchajanya attacks Infosys on Income Tax portal glitches |language=en-IN |work=The Hindu |url=https://www.thehindu.com/news/national/panchajanya-attacks-infosys-on-portal-glitches/article36268157.ece |access-date=2022-10-30 |issn=0971-751X}}</ref> | |||
[[Chartered accountant|CAs]] and [[Tax professional]]s raised concerns about the flawed [[Goods and Services Tax (India)|GST]] portal and their inability to rectify these issues.<ref>{{Cite web |date=2022-10-21 |title=Slow GST portal: September returns filing due date may be extended |url=https://www.zeebiz.com/india/news-slow-gst-portal-september-returns-filing-due-date-may-be-extended-204217 |access-date=2022-10-30 |website=Zee Business}}</ref><ref>{{Cite web |date=2022-08-24 |title=GST System Glitches: Delhi HC admits Petition by Sales Tax Bar Association, asks Response from Govt, Infosys, and Tech Mahindra |url=https://www.taxscan.in/gst-system-glitches-delhi-hc-admits-petition-by-sales-tax-bar-association-asks-response-from-govt-infosys-and-tech-mahindra/201543/ |access-date=2022-10-30 |website=www.taxscan.in/ |language=en-US}}</ref><ref>{{Cite web |title=GST at 5: Accountants still confront major issues in filing returns |url=https://www.moneycontrol.com/news/business/banks/gst-at-5-accountants-still-confront-major-issues-in-filing-returns-8742191.html |access-date=2022-10-30 |website=Moneycontrol |date=27 June 2022 |language=en}}</ref> | |||
Government faced severe criticism from [[Chartered accountant|CAs]], [[Company secretary|CSs]] and other stakeholders for its continuous failure to take action against Infosys and alleged that public fund is being heavily mis-utilised.<ref>{{Cite web |date=2022-01-17 |title=Here's Why Your CA Is Tagging Sitharaman, Infosys On Twitter |url=https://www.outlookindia.com/business/here-s-why-your-upset-ca-is-frantically-tagging-nirmala-sitharaman-infosys-on-twitter-news-31918 |access-date=2022-10-30 |website=www.outlookindia.com/ |language=en}}</ref> | |||
==See also== | ==See also== | ||
*[[List of IT consulting firms]] | *[[List of IT consulting firms]] | ||
*[[List of IT companies | *[[List of Indian IT companies]] | ||
*[[Infosys | *[[Infosys BPM#Acquisitions|List of acquisitions by Infosys BPM Limited]] | ||
==References== | ==References== | ||
{{Reflist | {{Reflist}} | ||
==External links== | ==External links== | ||
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