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{{Short description|Indian multinational technology company}} | {{Short description|Indian multinational technology company}} | ||
{{Use Indian English|date=April 2014}} | {{Use Indian English|date=April 2014}} | ||
{{Use dmy dates|date=October 2020}} | {{Use dmy dates|date=October 2020}} | ||
{{Infobox company | {{Infobox company | ||
| name = Infosys Limited | | name = Infosys Limited | ||
| logo = Infosys logo.svg | | logo = Infosys logo.svg | ||
| logo_alt = Infosys Logo | | logo_alt = Infosys Logo | ||
| logo_size = 175px | |||
| image = Infosys (4911287704).jpg | | image = Infosys (4911287704).jpg | ||
| image_alt = Infosys Pyramid | | image_alt = Infosys Pyramid | ||
| image_caption = | | image_caption = Headquarters in [[Bengaluru]] | ||
| type = [[Public]] | | image_size = 250px | ||
| traded_as = {{Unbulleted list|{{BSE|500209}}|{{NSE|INFY}}|{{NYSE|INFY}}|[[BSE SENSEX | | former_name = Infosys Consultants (1981–1992)<br>Infosys Technologies (1992–2011)<ref>{{Cite web |date=2023-10-12 |title=Not Just Narayana Murthy, Here's The Untold Story Of Infosys' Six Other Co-Founders |url=https://www.indiatimes.com/worth/news/untold-story-of-infosys-co-founders-617481.html |access-date=12 October 2023 |website=IndiaTimes }}</ref> | ||
| type = [[Public company|Public]] | |||
| traded_as = {{Unbulleted list|{{BSE|500209}}|{{NSE|INFY}}|{{NYSE|INFY}}|[[BSE SENSEX]] constituent|[[NIFTY 50|NSE NIFTY 50]] constituent}} | |||
| ISIN = {{ISIN|sl=n|pl=y|INE009A010321}} | | ISIN = {{ISIN|sl=n|pl=y|INE009A010321}} | ||
| industry = [[Information technology]] | | industry = [[Information technology]] [[Consulting]]<br>[[Outsourcing]] | ||
| foundation = {{Start date and age|2 July 1981}} [[Pune]], | | foundation = {{Start date and age|2 July 1981}} in [[Pune]], India | ||
| founders = {{Unbulleted list|[[N. R. Narayana Murthy]]|[[Nandan Nilekani]]|[[Kris Gopalakrishnan]]|[[S. D. Shibulal]]| | | founders = {{Unbulleted list|[[N. R. Narayana Murthy]]|[[Nandan Nilekani]]|[[Kris Gopalakrishnan]]|[[S. D. Shibulal]]|K. Dinesh|[[N. S. Raghavan]]|Ashok Arora}} | ||
| hq_location_city = [[ | | hq_location_city = [[Bengaluru]], [[Karnataka]] | ||
| hq_location_country = | | hq_location_country = India | ||
| area_served = Worldwide | | area_served = Worldwide | ||
| 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 | | key_people = [[Nandan Nilekani]] {{small|([[Chairman]])}}<br>[[Salil Parekh]] {{small|([[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 2015|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> | ||
| services = | | services = | ||
| revenue = {{Increase}} {{INRConvert| | | revenue = {{Increase}} {{INRConvert|166590|c}} (2025) | ||
| operating_income = {{Increase}} {{INRConvert|37608|c}} (2025) | |||
| operating_income = {{Increase}} {{INRConvert| | | net_income = {{Increase}} {{INRConvert|26750|c}} (2025) | ||
| assets = {{Increase}} {{INRConvert|148903|c}} | |||
| net_income = {{Increase}} {{INRConvert| | | assets_year = 2025 | ||
| equity = {{Increase}} {{INRConvert|96203|c}} | |||
| assets = {{Increase}} {{INRConvert| | | equity_year = 2025 | ||
| assets_year = | | num_employees = 337,034 (December 2025)<ref>{{cite news |title=Infosys adds 5000 employees in December quarter,|url=https://economictimes.indiatimes.com/tech/information-tech/infosys-adds-5000-employees-in-december-quarter/articleshow/126527637.cms?from=mdr |access-date=10 March 2026 |work=Economic Times}}</ref> | ||
| equity = {{Increase}} {{INRConvert| | | divisions = {{Unbulleted list|[[Infosys Consulting]]|[[Infosys BPM]]|[[EdgeVerve Systems]]}} | ||
| equity_year = | | products = {{hlist|[[Finacle]]|[[Panaya]]}} | ||
| num_employees = | | footnotes = Financials {{as of|2025|03|31|lc=y|df=yes}}.<ref>{{cite web |title=Results For The Quarter And Year Ended March 31, 2025 |url=https://www.bseindia.com/xml-data/corpfiling/AttachLive/b1d733ba-5cdf-415d-89f7-d7161b4c03b5.pdf |website=BSE |publisher=Infosys |access-date=17 April 2025}}</ref> | ||
| divisions = {{Unbulleted list|[[Infosys BPM]]|[[EdgeVerve Systems]]|[[ | | homepage = {{URL|https://www.infosys.com|infosys.com}} | ||
| footnotes = <ref | |||
| homepage = {{URL|https://www.infosys.com | |||
}} | }} | ||
'''Infosys Limited''' is an [[ | '''Infosys Limited''' is an Indian [[multinational corporation|multinational]] [[technology company]] that offers [[information technology]], [[business consulting]], and [[outsourcing]] services. Founded in 1981 by seven engineers, the company is headquartered in [[Bengaluru]] and considered one of the [[Big Tech (India)|Big Six]] Indian IT companies. | ||
Infosys has also attracted controversies due to allegations of visa and tax fraud in the [[United States]] and for creating malfunctioning government websites. | |||
==History== | ==History== | ||
Infosys was founded by | Infosys was founded by [[N. R. Narayana Murthy]], [[Nandan Nilekani]], [[Kris Gopalakrishnan]], [[S. D. Shibulal]], K. Dinesh, [[N. S. Raghavan]], and Ashok Arora, with an initial capital of $250.<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 incorporated as Infosys Consultants Private Limited in [[Pune]] 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 |last1=Com |first1=Moneycontrol }}</ref> before relocating to [[Bangalore]] in 1983.<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> Arora left the company in 1989 and sold his shares to the other co-founders.<ref>{{cite news|title=There's life after Infosys|author=Bibhu Ranjan Mishra|url=https://www.business-standard.com/article/technology/there-s-life-after-infosys-109070600021_1.html|publisher=Business Standard, 7 September 2013}}</ref> | ||
In the 1980s, Infosys briefly made hardware products like electronic [[telex]] machines and keyboard [[concentrator]]s.<ref>{{cite news |title=Infosys' hardcore 80s: When the company had a hardware business |url=https://economictimes.indiatimes.com/tech/ites/infosys-hardcore-80s-when-the-company-had-a-hardware-business/articleshow/48137889.cms |access-date=23 July 2025 |work=The Economic Times |date=20 July 2015}}</ref><ref>{{cite news |title=Infosys link to telegram service |url=https://www.thehindu.com/news/national/karnataka/infosys-link-to-telegram-service/article4912659.ece |access-date=23 July 2025 |work=The Hindu |date=14 July 2013 |language=en-IN}}</ref> Its core business of [[offshore custom software development]] witnessed growth after the 1991 [[Economic liberalisation in India|economic liberalisation of India]].<ref>{{cite news |last1=Srikanth |first1=Chandra R. |title=In 1990, there was an offer to buy us out for Rs 2 crore. Infosys has Rs 6.5 lakh crore m-cap now: NR Narayana Murthy on 1991 reforms |url=https://www.moneycontrol.com/news/business/nr-narayana-murthy-1991-reforms-impact-economic-liberalisation-infosys-7194741.html |access-date=23 July 2025 |work=Moneycontrol |date=21 July 2021}}</ref> | |||
In February 1993, Infosys launched its [[initial public offering]] (IPO) with an offer price of {{INR}}95 per share. The IPO was initially undersubscribed which led American investment bank [[Morgan Stanley]] to price stabilize the IPO by acquiring a 13% equity stake in INFY.<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> The share price eventually opened at {{INR}}145 per share in June 1993.<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 | Infosys released its banking automation software package Bancs2000 in 1994,<ref name="finacle">{{cite web |last1=Trimble |first1=Chris |title=Infosys in a Distinct Business: Finacle |url=https://mba.tuck.dartmouth.edu/pages/faculty/chris.trimble/research/Case_Downloads/DisciplinedInnovation/20025-Infosys_Finacle_11.2007.pdf |publisher=Tuck School of Business at Dartmouth College |access-date=23 July 2025 |date=2008}}</ref> [[middleware]] [[Multitier architecture|architecture]] product Entark in 1995,<ref name="faces"/> and [[Year 2000 problem|Y2K problem]] toolset "In2000" a year later.<ref>{{cite news |title=Infosys reins in Y2K projects |url=https://www.rediff.com/computer/may/29infosy.htm |access-date=23 July 2025 |work=Rediff |date=29 March 1997}}</ref> In the mid to late 1990s, Infosys also [[Business incubator|incubated]] software product subsidiaries like [[Omnichannel order fulfillment|e-fulfillment]] and [[Warehouse management system|WMS]] software provider Yantra, and [[Value-added service|mobile VAS]] developer OnMobile, which were subsequently [[Corporate spin-off|spun off]] and divested.<ref name="faces">{{cite news |last1=Talgeri |first1=Kunal N. |last2=Bhuva |first2=Rajiv |title=Infy's many faces |url=https://www.fortuneindia.com/technology/infys-many-faces/100595 |access-date=23 July 2025 |work=Fortune India |date=6 November 2013 |language=en}}</ref> | ||
Infosys listed its [[American depositary receipt]]s (ADRs) on [[Nasdaq]] in March 1999, making it the first Indian company to be listed on Nasdaq.<ref name="nasdaq"/> Infosys was then among the top 20 companies by [[market capitalization]] on the Nasdaq.<ref name="in.com_ITL_Bio"/> The ADR listing was later transferred to [[NYSE Euronext]] to provide European investors with 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 1999, Infosys rolled out [[Finacle]], a core banking software suite developed as the successor to Bancs2000.<ref>{{cite news |title=Infosys' Finacle is finally having a moment two decades after launch |last1=Moorthy| first1=Swathi|url=https://www.moneycontrol.com/news/business/infosys-finacle-is-finally-having-a-moment-two-decades-after-launch-5817511.html |access-date=17 August 2024 |work=Moneycontrol|date=17 September 2020}}</ref><ref name="finacle"/> The same year, Infosys started its research and innovation arm called SETLabs (later renamed Infosys Labs). In 2004, SETLabs formed an [[intellectual property]] (IP) cell; Infosys was reported to be earning about 10% of its total revenue from [[patent pending]] IP assets in 2006.<ref>{{cite news |title=Setlabs gives Infosys services edge |url=https://economictimes.indiatimes.com/setlabs-gives-infosys-services-edge/articleshow/754519.cms |access-date=23 July 2025 |work=The Economic Times |date=26 June 2004}}</ref><ref>{{cite news |title=IT cos enjoy revenue gains from patents |url=https://timesofindia.indiatimes.com/business/india-business/it-cos-enjoy-revenue-gains-from-patents/articleshow/1982257.cms |access-date=23 July 2025 |work=The Times of India |date=1 May 2007}}</ref> | ||
In | In 2002, Infosys created a [[business process management]] division called [[Infosys BPM|Progeon]] (now Infosys BPM), with [[Citigroup]] taking a minority stake in the venture for $20 million.<ref>{{cite news |title=Infy creates Progeon, gets $20m from Citigroup |url=https://www.ciol.com/infy-creates-progeon-usd20m-citigroup/ |access-date=17 April 2025 |work=CIOL |language=en |date=16 April 2002}}</ref> In 2004, Infosys established a wholly owned consulting subsidiary called [[Infosys Consulting]], based in [[Fremont, California]].<ref>{{cite news |last1=Menon |first1=Ravi |title=Infosys Consulting eyes US buy |url=https://www.business-standard.com/article/technology/infosys-consulting-eyes-us-buy-109112000057_1.html |access-date=17 April 2025 |work=Business Standard |date=20 November 2009}}</ref> In 2006, Infosys bought out Citigroup's entire 23% stake in Progeon for $115 million.<ref>{{cite news |title=Infosys buys Citi out of Progeon for $115mn |url=https://www.business-standard.com/article/technology/infosys-buys-citi-out-of-progeon-for-115mn-106042101029_1.html |access-date=17 April 2025 |work=Business Standard |date=20 April 2006}}</ref> | ||
In | [[File:Bangalore Infosys .JPG|thumb|right|Infosys, [[Bengaluru]]]] | ||
In 2009, Infosys set up a subsidiary, Infosys Public Services, based in [[Rockville, Maryland]], with a focus on federal and state government projects in the US, Canada, and the UK.<ref>{{cite news |last1=Chari |first1=Sridhar K. |title=Infosys US unit ramps up hiring, investment |url=https://www.livemint.com/Companies/thyAojOLxZSE9d99QbP18L/Infosys-US-unit-ramps-up-hiring-investment.html |access-date=23 July 2025 |work=Mint |date=18 July 2011}}</ref> In 2012, Infosys opened its 18th US office, in [[Milwaukee]], primarily to serve [[Harley-Davidson]]; the company also announced having hired over 1,200 employees in the US in 2011 and an additional 2,000 employees in 2012.<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> | |||
In July 2014, Infosys established an [[enterprise software]] products subsidiary named [[EdgeVerve Systems]], with products in 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, Infosys transferred assets of Finacle to EdgeVerve Systems.<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> | |||
Infosys | |||
[[ | In 2015, Infosys launched the $500 million Infosys Innovation Fund to invest in early-stage startups focused on [[emerging technologies|emerging]] and [[deep tech]],<ref>{{cite news |title=With liquid assets worth $5.5 bn, Infosys raises start-up fund size to $500 mn |url=https://indianexpress.com/article/business/companies/with-liquid-assets-worth-5-5-bn-infosys-raises-start-up-fund-size-to-500-mn/ |access-date=7 August 2025 |work=The Indian Express |date=10 January 2015 |language=en}}</ref> including a $250 million allocation for Indian startups.<ref>{{cite news |last1=Doulatramani |first1=Chandni |title=Infosys CEO Vishal Sikka meets Modi; dedicates $250 mn to Innovate in India |url=https://www.livemint.com/Companies/j6do7WFfbe5pNaP5qs8rKP/Infosyss-Sikka-meets-Modi-dedicates-250-million-to-innova.html |access-date=7 August 2025 |work=LiveMint |date=16 January 2015}}</ref> | ||
In 2018, Infosys formed a [[Singapore]]-based 60:40 joint venture with [[Temasek Holdings]] known as Infosys Compaz (iCompaz), serving clients in the [[Southeast Asian]] markets.<ref>{{cite news |title=Indian tech giant Infosys says it has created a joint venture with Singapore's Temasek |url=https://www.cnbc.com/2018/09/07/infosys-says-it-has-created-a-joint-venture-with-singapores-temasek-.html |access-date=23 July 2025 |work=CNBC |date=7 September 2018 |language=en}}</ref><ref>{{cite news |last1=Goled |first1=Shraddha |title=Infosys-Temasek extend JV collaboration by five years for growth in Southeast Asian market |url=https://www.techcircle.in/2023/10/12/infosys-temasek-extend-jv-collaboration-by-five-years-for-growth-in-southeast-asian-market |access-date=23 July 2025 |work=Techcircle |date=12 October 2023 |language=en}}</ref> | |||
On 24 August 2021, Infosys became the fourth Indian company to achieve a market capitalization of {{currency|100|USD}} billion.<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> | |||
Infosys | |||
==Services and products== | |||
Infosys offers software development, maintenance, and independent validation services across industries such as finance, insurance, manufacturing, among others.<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> Through its subsidiary [[Infosys Consulting]], it provides consulting services in digital experience, [[Cloud computing|cloud]],<ref>{{cite web|title=Infosys Cobalt: Cloud-Based Enterprise Transformation Services |url=https://www.infosys.com/services/cloud-cobalt.html|access-date=17 August 2024|website=www.infosys.com}}</ref> data analytics, artificial intelligence, engineering,<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=17 August 2024}}</ref> and sustainability.<ref>{{cite web |url=https://www.infosys.com/services/consulting.html/|title=Management Consulting Services|website=www.infosys.com|access-date=17 September 2024}}</ref> Its subsidiary [[Infosys BPM]] provides outsourcing services for business processes such as finance, procurement, customer service, and HR.<ref>{{cite web |url=https://www.bloomberg.com/profile/company/INFY:US|title=Infosys Ltd - Company Profile and News - Bloomberg Markets|website=www.bloomberg.com|access-date=17 September 2024}}</ref> | |||
Infosys offers digital products and platforms for digital transformation, including digital banking software [[Finacle]], application delivery platform [[Panaya]], digital commerce platform Infosys Equinox, workplace platform Infosys Meridian, and customer engagement platform Infosys Cortex.<ref>{{cite web |url=https://www.gartner.com/reviews/market/sap-application-services-worldwide/vendor/infosys/|title=Infosys Reviews, Ratings & Features 2024 - Gartner Peer Insights|website=www.gartner.com|access-date=17 September 2024}}</ref><ref>{{cite web |url=https://finance.yahoo.com/quote/INFY/profile/|title=Infosys Limited (INFY) Company Profile & Facts - Yahoo Finance|website=www.yahoo.com|access-date=17 September 2024}}</ref> It also provides sets of services and platforms in domains such as [[cloud computing|cloud]] with Cobalt,<ref>{{Cite web |title=Infosys bets on cloud business with launch of Cobalt |url=https://www.livemint.com/technology/tech-news/infosys-bets-on-cloud-business-with-launch-of-cobalt-11597917155771.html |access-date=23 July 2025 |website=Mint}}</ref> [[generative AI]] with Topaz,<ref>{{Cite web |title=Infosys launches generative AI solutions |url=https://economictimes.indiatimes.com/tech/technology/infosys-launches-generative-ai-solutions/articleshow/100447572.cms |access-date=23 July 2025 |website=The Economic Times}}</ref> and [[Artificial intelligence marketing|AI marketing]] with Aster.<ref>{{Cite web |title=Infosys launches Aster for AI-powered marketing for business growth |url=https://www.business-standard.com/markets/capital-market-news/infosys-launches-aster-for-ai-amplified-marketing-capabilities-124061800905_1.html |access-date=17 August 2024 |website=Business Standard}}</ref> | |||
==Acquisitions== | ==Acquisitions== | ||
{{See also|Infosys BPM#Acquisitions}} | |||
{| class="wikitable" | {| class="wikitable" | ||
|- | |- | ||
! Name | ! Name !! Based in !! Acquisition cost !! Acquisition date !! Business | ||
|- | |- | ||
| Expert Information Services || Australia || | | Expert Information Services || Australia || $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> || IT services | ||
|- | |- | ||
| | | Gen-i Software || New Zealand || Undisclosed || Jun 2011<ref>{{cite news |title=Infosys acquires Gen-i's software solutions business |url=https://timesofindia.indiatimes.com/business/india-business/infosys-acquires-gen-is-software-solutions-business/articleshow/8775451.cms |access-date=28 August 2024 |work=The Times of India |date=8 June 2011}}</ref> || Software consulting | ||
|- | |- | ||
| | | Lodestone Holding || Switzerland || $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 || $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> || Automation technology | ||
|- | |- | ||
| | | Skava (Kallidus) || United States || $120 million || Apr 2015<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 || United States || $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 | |||
| Noah | |||
|- | |- | ||
|Skytree | |Skytree | ||
| | |United States | ||
|Undisclosed | |Undisclosed | ||
|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> | |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 | |Machine learning | ||
|- | |- | ||
| Brilliant Basics || | | Brilliant Basics || United Kingdom || £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 | |Fluido Oy | ||
|Finland | |Finland | ||
| | |€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> | |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 | |Salesforce advisor and consulting partner | ||
|- | |- | ||
|WongDoody | |WongDoody | ||
| | |United States | ||
| | |$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> | |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 127: | Line 112: | ||
|Stater N.V. | |Stater N.V. | ||
|Netherlands | |Netherlands | ||
| | |€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}}</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 | ||
|- | |- | ||
|Simplus | |Simplus | ||
| | |United States | ||
| | |$250 million | ||
|Feb 2020<ref>{{cite news |last1= | |Feb 2020<ref>{{cite news |last1=Mendonca |first1=Jochelle |title=Infosys to pay as much as $250 million for Simplus acquisition |url=https://economictimes.indiatimes.com/tech/ites/infosys-to-pay-as-much-as-250-million-for-simplus-acquisition/articleshow/74075744.cms |access-date=17 August 2024 |work=The Economic Times |date=11 February 2020}}</ref> | ||
|Salesforce | |Salesforce consulting | ||
|- | |- | ||
|Kaleidoscope | |Kaleidoscope | ||
| | |United States | ||
| | |$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> | |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 | |Product design and development | ||
| Line 145: | Line 130: | ||
|GuideVision | |GuideVision | ||
|Czech Republic | |Czech Republic | ||
| | |€30 million | ||
| | |Sep 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 | ||
|- | |||
|Blue Acorn iCi | |||
|United States | |||
|$125 million | |||
|Oct 2020<ref>{{cite news |last1=Baruah |first1=Ayushman |title=Infosys to acquire US-based Blue Acorn iCi for up to $125 million |url=https://www.livemint.com/companies/news/infosys-to-acquire-us-based-blue-acorn-ici-for-up-to-125-million-11602139117339.html |access-date=28 August 2024 |work=Mint |date=8 October 2020}}</ref> | |||
|Digital transformation | |||
|- | |||
| Carter Digital || Australia || Undisclosed || Jan 2021<ref>{{cite news |title=Infosys to acquire assets, onboard employees of Australia's Carter Digital |url=https://www.business-standard.com/article/companies/infosys-to-acquire-assets-onboard-employees-of-australia-s-carter-digital-121011301265_1.html |access-date=28 August 2024 |work=Business Standard |date=13 January 2021}}</ref> || Design agency | |||
|- | |- | ||
|Oddity | |Oddity | ||
|Germany | |Germany | ||
| | |€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> | |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 | |Digital marketing | ||
|- | |||
|BASE life science | |||
|Denmark | |||
|€110 million | |||
|Jul 2022<ref>{{Cite news |last=Ishwarbharath |first=Sai |date=2022-07-13 |title=Infosys to acquire BASE life science for €110 million |work=The Economic Times |url=https://economictimes.indiatimes.com/tech/information-tech/infosys-to-acquire-base-life-science-for-110-million/articleshow/92858909.cms |access-date=2023-12-07 |issn=0013-0389}}</ref> | |||
|Life science consulting and technology | |||
|- | |||
|InSemi | |||
|India | |||
|{{INR}}280 crore | |||
|Jan 2024<ref>{{cite news |title=Infosys to acquire InSemi for ₹280 crore |url=https://timesofindia.indiatimes.com/city/bengaluru/infosys-to-acquire-insemi-for-280-crore-semiconductor-design-and-embedded-firm/articleshow/106744822.cms |access-date=17 April 2025 |work=The Times of India |date=12 January 2024}}</ref> | |||
|Semiconductor design services | |||
|- | |||
|in-tech | |||
|Germany | |||
|€450 million | |||
|Apr 2024<ref>{{cite news |title=Infosys to acquire 100% stake in German firm in-tech for €450 million |url=https://www.cnbctv18.com/market/infosys-share-price-to-acquire-100-pc-stake-in-german-firm-in-tech-for-450-million-euros-19398674.htm |access-date=17 August 2024 |work=CNBCTV18 |date=18 April 2024 |language=en}}</ref> | |||
|Engineering R&D services | |||
|- | |||
|MRE Consulting | |||
|United States | |||
|$36 million | |||
|Apr 2025<ref name="q1fy26">{{cite news |title=Infosys set to acquire MRE Consulting and The Missing Link in Q1 FY26 |url=https://www.thehindubusinessline.com/companies/infosys-set-to-acquire-mre-consulting-and-the-missing-link-in-q1-fy26/article69460798.ece |access-date=17 April 2025 |work=BusinessLine |date=17 April 2025 |language=en}}</ref> | |||
|Consulting | |||
|- | |||
|The Missing Link | |||
|Australia | |||
|A$98 million | |||
|Apr 2025<ref name="q1fy26"/> | |||
|Cybersecurity and cloud services | |||
|} | |} | ||
==Listing and shareholding pattern== | |||
[[File: Infosys Mcity, Building number 5.jpg|thumb|Main block in the [[Chennai]] campus]] | |||
Infosys | In India, Infosys shares are listed on the [[Bombay Stock Exchange|BSE]], where it is a part of the [[BSE SENSEX]], and on the [[National Stock Exchange of India|NSE]], where it is included in the [[NIFTY 50]] index.<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> Infosys also trades its shares through [[American depositary receipt]]s (ADRs) on 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 the years, the shareholding of Infosys's promoters has steadily decreased. This trend began in June 1993, when Infosys first listed its shares on the BSE. The promoter shareholding further declined when Infosys instated [[employee stock option]] scheme in 1993 and listed ADRs on [[Nasdaq]] on 11 March 1999.<ref name="nasdaq">{{Cite news |last1=Ramesh |first1=Jairam |title=Bangalore-based software firm Infosys becomes first Indian company to list on Nasdaq |newspaper=India Today |date=29 March 1999 |access-date=9 March 2018 |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 |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> The [[Life Insurance Corporation|Life Insurance Corporation of India]] is the biggest shareholder in Infosys.<ref>{{cite news|title=Did you know who the biggest shareholder in Infosys Is?|url=https://zeenews.india.com/photos/business/did-you-know-who-the-biggest-shareholder-in-infosys-is-it-s-not-narayana-murthy-sudha-murty-rohan-murty-akshata-murty-or-nandan-nilekani-it-is-2900512|publisher=[[Zee News|ZeeNews]], 13 May 2025}}</ref> | |||
[[File:Thiruvananthapuram Infosys Building.JPG|thumb|A building in [[Thiruvananthapuram]] campus]] | [[File:Thiruvananthapuram Infosys Building.JPG|thumb|A building in [[Thiruvananthapuram]] campus]] | ||
{| class="wikitable sortable" | {| class="wikitable sortable" | ||
|+Infosys shareholding and stakeholders pattern (as of | |+Infosys shareholding and stakeholders pattern (as of 31 March 2024)<ref>{{Cite web |title=Infosys shareholdings: Find Infosys Shareholding Pattern and Ownership |url=https://www.infosys.com/investors/reports-filings/annual-report/annual/documents/infosys-annual-report-2024.pdf |access-date=16 August 2024 |website=Infosys.com }}</ref> | ||
! Shareholders !! Shareholding | |||
|- | |- | ||
| [[Corporate promoter#Entrepreneur promoters|Promoters group]] || {{0|0}}14.61% | |||
|- | |- | ||
| | | Foreign institutional investors (FII) || {{0|0}}32.74% | ||
|- | |- | ||
| | | Domestic institutional investors (DII) || {{0|0}}37.59% | ||
|- | |- | ||
| | | Public || {{0|0}}14.81% | ||
|- | |- | ||
| | | Others || {{0|0}}{{pad|0.3em}}0.25% | ||
|- | |- | ||
| Total || 100.00% | |||
| Total||100.00% | |||
|} | |} | ||
==Operations== | ==Operations== | ||
=== | ===Geographical presence=== | ||
Infosys | [[File:India Technology.jpg|thumb|Glass building in [[Pune]] campus]] | ||
As of 31 March 2024, Infosys operates 94 sales and marketing offices and 139 development centers globally. The company's operations are spread across key regions, including India, the United States, Canada, China, Australia, Japan, the Middle East, and Europe.<ref>{{citation |url=https://www.infosys.com/about.html |title=About Us |publisher=Infosys.com |access-date=17 August 2024}}</ref> | |||
In the fiscal year 2023-24, Infosys generated approximately 61% of its revenue from North America, 25% from Europe, 3% from India, and 11% from other regions, including the Middle East, Australia, and Japan.<ref>{{citation |url=https://www.infosys.com/investors/reports-filings/annual-report/annual/documents/infosys-annual-report-2023.pdf |title=Infosys Annual Report 2023-24 |publisher=Infosys.com |access-date=16 August 2024 }}{{Dead link|date=September 2025 |bot=InternetArchiveBot }}</ref> | |||
Infosys faced scrutiny over its continued operations in Moscow following Russia's [[Russian invasion of Ukraine|invasion of Ukraine]] in February 2022. The company clarified that it had no active business 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 |publisher=[[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 }}</ref> By November 2022, only administrative staff remained, handling the transfer of 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]] }}</ref> | |||
=== Training centre in Mysore === | |||
[[File:Mysore India Infosys.JPG|thumb|The Development Centre on the [[Mysore]] campus]] | |||
As the world's largest corporate university, the Infosys Global Education Centre, located on a 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 in [[Mysore]], features 400 instructors and over 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> Established in 2002, it had trained approximately 125,000 engineering graduates by June 2015.<ref name="100000T" /> The centre can accommodate and train up to 14,000 employees at any given time across 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=9 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=usurped }}</ref><ref name="MysoreET" /> | |||
The Infosys Leadership Institute (ILI), located in Mysore, trains approximately 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=dead }}</ref> Its primary objective is to cultivate and develop senior leaders within Infosys, preparing them for both current and future executive roles. | |||
===Employees=== | |||
As of 31 March 2024, Infosys employed a total of 317,240 people, commonly referred to as "Infoscions," with 39.3% of them being women.<ref name="InvestorSheet2024">{{cite web|last=Ltd.|first=Infosys|date=April 2024|title=Infosys Annual Report FY23-24|url=https://www.infosys.com/investors/reports-filings/annual-report/annual/documents/infosys-ar-24.pdf|access-date=2024-08-17|website=Infosys|publisher=infosys.com}}</ref> In 2023, 85% of Infosys' employees were located in India. | |||
Starting mid-2015, Infosys did away with its dress code, allowing jeans and casual clothes every day. This change is noticeable because, since 2008, a formal dress code—including a tie for males twice a week—had been mandatory at the company.<ref>{{cite news|title=Infosys does away with dress code|url=https://economictimes.indiatimes.com/tech/ites/infosys-does-away-with-dress-code-keeps-it-casual-for-all-working-days/articleshow/47501003.cms| publisher=Economic Times, June 1, 2015}}</ref><ref>{{cite news|title=Infosys imposes tie code|url=https://bangaloremirror.indiatimes.com/bangalore/cover-story/infosys-imposes-tie-code/articleshow/22423461.cms|publisher=Bangalore Mirror, 7 September 2008}}</ref> | |||
=== CEOs === | === CEOs === | ||
From its establishment in 1981 until 2014, Infosys' CEOs were its founders, with [[N. R. Narayana Murthy]] leading the company for the initial 21 years. Vishal Sikka was the first external CEO, serving for approximately three 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|date=12 June 2014 |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> Sikka resigned in August 2017. Following his departure, UB Pravin Rao was appointed as Interim CEO and Managing Director 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), effective from 2 January 2018.<ref name="Parekh">{{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=3 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 CEOs | |||
{| class="wikitable plainrowheaders" | {| class="wikitable plainrowheaders" | ||
|- | |- | ||
! scope="col" | Name | ! scope="col" | Name | ||
! scope="col" | Period | ! scope="col" | Period | ||
|- | |- | ||
! scope="row" | [[N. R. Narayana Murthy]] | |||
! scope="row" | [[ | |||
| 1981 to March 2002 | | 1981 to March 2002 | ||
|- | |- | ||
! scope="row" | [[Nandan Nilekani]] | ! scope="row" | [[Nandan Nilekani]] | ||
| March 2002 to April 2007 | | March 2002 to April 2007 | ||
|- | |- | ||
! scope="row" | [[S. Gopalakrishnan|Kris Gopalakrishnan]] | ! scope="row" | [[S. Gopalakrishnan|Kris Gopalakrishnan]] | ||
| April 2007 to August 2011 | | April 2007 to August 2011 | ||
|- | |- | ||
! scope="row" | [[S. D. Shibulal]] | ! scope="row" | [[S. D. Shibulal]] | ||
| August 2011 to July 2014 | | August 2011 to July 2014 | ||
|- | |- | ||
! scope="row" | [[Vishal Sikka]] | ! scope="row" | [[Vishal Sikka]] | ||
| August 2014 to August 2017 | | August 2014 to August 2017 | ||
|- | |- | ||
! scope="row" | [[U. B. Pravin Rao]] (interim) | |||
! scope="row" | [[ | |||
| August 2017 to December 2017<ref name="Vishal_resigns" /> | | August 2017 to December 2017<ref name="Vishal_resigns" /> | ||
|- | |- | ||
! scope="row" | [[Salil Parekh]] | |||
! scope="row" | [[Salil | |January 2018 onwards<ref name="Parekh" /> | ||
|January 2018 onwards<ref | |||
|} | |} | ||
== | == Controversies == | ||
=== Settlement of visa and tax fraud cases in the US === | |||
== | In 2011, Infosys was accused of visa fraud for using [[B visa|B-1]] (visitor) visas for work that required [[H-1B visa|H-1B]] (work) visas. The allegations originated from an internal complaint by an American employee of Infosys, who subsequently filed a lawsuit against the company, claiming harassment and marginalization after raising the issue. Although the lawsuit 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> 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> these allegations were brought to the attention of U.S. authorities, leading to investigations by the [[U.S. Department of Homeland Security]] and a [[federal grand jury]].<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 U.S. authorities by paying $34 million. While the company did not admit guilt, it stated that it settled to avoid the complications of "prolonged litigation".<ref>{{cite news|url=https://www.gadgetsnow.com/tech-news/software-services/Infosys-to-pay-34m-fine-within-10-days-settlement-not-to-affect-future-visas/articleshow/24952527.cms|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=live}}</ref> Infosys asserted that, "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 untrue and 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> | |||
In | |||
In December 2019, Infosys reached an $800,000 settlement with the State of California in a visa and tax fraud case. Between 2006 and 2017, nearly 500 Infosys employees were found to be working in the state on Infosys-sponsored B-1 visas instead of the required H-1B visas, enabling the company to avoid paying California [[payroll taxes]], including unemployment insurance, disability insurance, and employment training taxes.<ref>{{cite web|date=19 December 2019|first=Shilpa|last=Phadnis|title=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 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><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> | |||
=== | === Malfunctioning government portals === | ||
In | In 2013, technical issues emerged after Infosys took over the [[Ministry of Corporate Affairs|MCA21]] portal from [[Tata Consultancy Services]].<ref>{{cite news|title=MCA Portal Cripples After Switching Vendor from TCS to Infosys on January 17|url=https://economictimes.indiatimes.com/tech/internet/mca-portal-cripples-after-switching-vendor-from-tcs-to-infosys-on-january-17/articleshow/18248032.cms|access-date=10 July 2024|work=The Economic Times}}</ref><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}}</ref> Similar problems arose in 2016 after a [[system migration]] and [[Software versioning|version update]].<ref>{{cite news|title=MCA21 Woes: Corporate Affairs Ministry Might Deduct Payments to Infosys|url=https://www.thehindu.com/business/mca21-woes-corporate-affairs-ministry-might-deduct-payments-to-infosys/article8523912.ece|access-date=10 July 2024|work=The Hindu|date=26 April 2016|language=en-IN}}</ref><ref>{{cite news|title=Why the MCA21 Portal Is a Pain to Use|url=https://www.livemint.com/Companies/RaT3ci2PpOjCKazJSdnakN/Why-the-MCA21-portal-is-a-pain-to-use.html|access-date=10 July 2024|work=Mint}}</ref> | ||
In 2020, the finance ministry identified glitches in the [[Goods and Services Tax (India)|GSTN]] portal, leading to a summons for Infosys executives.<ref>{{cite news|title=FinMin Flags 17 'Areas of Dissatisfaction' with Infosys-Designed GSTN|url=https://www.business-standard.com/article/pti-stories/finmin-flags-17-areas-of-dissatisfaction-with-infosys-designed-gstn-120031100903_1.html|access-date=10 July 2024|work=Business Standard}}</ref><ref>{{cite news|title=GST Glitches: Top Infosys Executives Get Summons from Finance Ministry|url=https://timesofindia.indiatimes.com/business/india-business/gst-glitches-top-infosys-executives-get-summons-from-finance-ministry/articleshow/73787360.cms|access-date=10 July 2024|work=The Times of India|date=31 January 2020}}</ref> In 2022, chartered accountants and [[tax professional]]s raised concerns over technical issues with the GSTN portal.<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|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}}</ref> | |||
[[ | In 2021, the newly launched [[Income Tax Department|Income Tax]] portal, developed by Infosys, encountered multiple glitches. Despite a summons for Infosys CEO [[Salil Parekh]], the issues remained unresolved for months, forcing an extension of the tax filing deadline.<ref>{{cite news|title=Finance Ministry Summons Infosys CEO Again on Tax Portal Glitches|url=https://www.thehindubusinessline.com/news/finmin-summons-infosys-md-ceo-salil-parekh-to-explain-non-resolution-of-i-t-portal-glitches/article36042487.ece|access-date=10 July 2024|work=The Hindu Businessline}}</ref><ref>{{cite news|title=CBDT Extends Due Date for Filing of IT Returns for AY 2021-22 Till December 31|url=https://www.hindustantimes.com/business/cbdt-extends-due-date-for-filing-of-it-returns-for-ay-2021-22-till-december-31-101631196079624.html|access-date=10 July 2024|work=Hindustan Times|date=9 September 2021|language=en}}</ref> In 2022, users continued to report malfunctions and issues on the first anniversary of the portal's launch.<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|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}}</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}}</ref> | ||
=== Tracking software === | |||
It was reported in late 2013 that Infosys’ plan to install software to track the actual time staff spent on their computers caused resentment among employees.<ref>{{cite news|author=Vivek Sinha|title=Infosys employees upset over software meant to 'spy' on them| url=https://www.hindustantimes.com/india/infosys-employee-upset-over-software-meant-to-spy-on-them/story-uK3oDfe0qdNSNidLZlKNXN.html|publisher=[[Hindustan Times]]}} 26 December 2013</ref> | |||
==See also== | ==See also== | ||
*[[List of IT consulting firms]] | *[[List of IT consulting firms]] | ||
*[[List of Indian IT companies]] | *[[List of Indian IT companies]] | ||
==References== | ==References== | ||
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==External links== | ==External links== | ||
{{Commons category}} | |||
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[[Category:Information technology companies of | [[Category:Information technology companies of Bengaluru]] | ||
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Latest revision as of 16:04, 10 March 2026
 | |
.jpg) Headquarters in Bengaluru | |
Formerly | Infosys Consultants (1981–1992) Infosys Technologies (1992–2011)[1] |
|---|---|
| Traded as |
|
| ISIN | Template:ISIN |
| Industry | Information technology Consulting Outsourcing |
| Founded | 2 July 1981 in Pune, India |
| Founder(s)s | |
| Headquarters | , India |
Area served | Worldwide |
Key people | Nandan Nilekani (Chairman) Salil Parekh (MD & CEO)[2] |
| Products | |
| Revenue |  ₹166,590 crore (US$23 billion) (2025) |
| ₹37,608 crore (US$5.3 billion) (2025) | |
| ₹26,750 crore (US$3.8 billion) (2025) | |
| Total assets | ₹148,903 crore (US$21 billion) (2025) |
| Total equity | ₹96,203 crore (US$13 billion) (2025) |
Number of employees | 337,034 (December 2025)[3] |
| Divisions | |
| Website | infosys.com |
| Footnotes / references Financials as of 31 March 2025[update].[4] | |
Infosys Limited is an Indian multinational technology company that offers information technology, business consulting, and outsourcing services. Founded in 1981 by seven engineers, the company is headquartered in Bengaluru and considered one of the Big Six Indian IT companies.
Infosys has also attracted controversies due to allegations of visa and tax fraud in the United States and for creating malfunctioning government websites.
History[edit | edit source]
Infosys was founded by N. R. Narayana Murthy, Nandan Nilekani, Kris Gopalakrishnan, S. D. Shibulal, K. Dinesh, N. S. Raghavan, and Ashok Arora, with an initial capital of $250.[5] It was incorporated as Infosys Consultants Private Limited in Pune on 2 July 1981,[6] before relocating to Bangalore in 1983.[7] Arora left the company in 1989 and sold his shares to the other co-founders.[8]
In the 1980s, Infosys briefly made hardware products like electronic telex machines and keyboard concentrators.[9][10] Its core business of offshore custom software development witnessed growth after the 1991 economic liberalisation of India.[11]
In February 1993, Infosys launched its initial public offering (IPO) with an offer price of ₹95 per share. The IPO was initially undersubscribed which led American investment bank Morgan Stanley to price stabilize the IPO by acquiring a 13% equity stake in INFY.[12] The share price eventually opened at ₹145 per share in June 1993.[13]
Infosys released its banking automation software package Bancs2000 in 1994,[14] middleware architecture product Entark in 1995,[15] and Y2K problem toolset "In2000" a year later.[16] In the mid to late 1990s, Infosys also incubated software product subsidiaries like e-fulfillment and WMS software provider Yantra, and mobile VAS developer OnMobile, which were subsequently spun off and divested.[15]
Infosys listed its American depositary receipts (ADRs) on Nasdaq in March 1999, making it the first Indian company to be listed on Nasdaq.[17] Infosys was then among the top 20 companies by market capitalization on the Nasdaq.[12] The ADR listing was later transferred to NYSE Euronext to provide European investors with better access to the company's shares.[18]
In 1999, Infosys rolled out Finacle, a core banking software suite developed as the successor to Bancs2000.[19][14] The same year, Infosys started its research and innovation arm called SETLabs (later renamed Infosys Labs). In 2004, SETLabs formed an intellectual property (IP) cell; Infosys was reported to be earning about 10% of its total revenue from patent pending IP assets in 2006.[20][21]
In 2002, Infosys created a business process management division called Progeon (now Infosys BPM), with Citigroup taking a minority stake in the venture for $20 million.[22] In 2004, Infosys established a wholly owned consulting subsidiary called Infosys Consulting, based in Fremont, California.[23] In 2006, Infosys bought out Citigroup's entire 23% stake in Progeon for $115 million.[24]
In 2009, Infosys set up a subsidiary, Infosys Public Services, based in Rockville, Maryland, with a focus on federal and state government projects in the US, Canada, and the UK.[25] In 2012, Infosys opened its 18th US office, in Milwaukee, primarily to serve Harley-Davidson; the company also announced having hired over 1,200 employees in the US in 2011 and an additional 2,000 employees in 2012.[26]
In July 2014, Infosys established an enterprise software products subsidiary named EdgeVerve Systems, with products in business operations, customer service, procurement, and commerce network domains.[27] In August 2015, Infosys transferred assets of Finacle to EdgeVerve Systems.[28]
In 2015, Infosys launched the $500 million Infosys Innovation Fund to invest in early-stage startups focused on emerging and deep tech,[29] including a $250 million allocation for Indian startups.[30]
In 2018, Infosys formed a Singapore-based 60:40 joint venture with Temasek Holdings known as Infosys Compaz (iCompaz), serving clients in the Southeast Asian markets.[31][32]
On 24 August 2021, Infosys became the fourth Indian company to achieve a market capitalization of US$100 billion.[33]
Services and products[edit | edit source]
Infosys offers software development, maintenance, and independent validation services across industries such as finance, insurance, manufacturing, among others.[34] Through its subsidiary Infosys Consulting, it provides consulting services in digital experience, cloud,[35] data analytics, artificial intelligence, engineering,[36] and sustainability.[37] Its subsidiary Infosys BPM provides outsourcing services for business processes such as finance, procurement, customer service, and HR.[38]
Infosys offers digital products and platforms for digital transformation, including digital banking software Finacle, application delivery platform Panaya, digital commerce platform Infosys Equinox, workplace platform Infosys Meridian, and customer engagement platform Infosys Cortex.[39][40] It also provides sets of services and platforms in domains such as cloud with Cobalt,[41] generative AI with Topaz,[42] and AI marketing with Aster.[43]
Acquisitions[edit | edit source]
| Name | Based in | Acquisition cost | Acquisition date | Business |
|---|---|---|---|---|
| Expert Information Services | Australia | $23 million | Dec 2003[44] | IT services |
| Gen-i Software | New Zealand | Undisclosed | Jun 2011[45] | Software consulting |
| Lodestone Holding | Switzerland | $345 million | Sep 2012[46] | Management consultancy |
| Panaya | Israel | $200 million | Mar 2015[47] | Automation technology |
| Skava (Kallidus) | United States | $120 million | Apr 2015[48] | Digital experience solutions |
| Noah Consulting | United States | $70 million | Nov 2015[49] | Information management consulting services |
| Skytree | United States | Undisclosed | Apr 2017[50] | Machine learning |
| Brilliant Basics | United Kingdom | £7.5 million | Aug 2017[51] | Product design and customer experience |
| Fluido Oy | Finland | €65 million | Oct 2018[52] | Salesforce advisor and consulting partner |
| WongDoody | United States | $75 million | Jan 2019[53] | Advertising and creative strategy services |
| Stater N.V. | Netherlands | €127.5 million | Apr 2019[54] | Mortgage services |
| Simplus | United States | $250 million | Feb 2020[55] | Salesforce consulting |
| Kaleidoscope | United States | $42 million | Sep 2020[56] | Product design and development |
| GuideVision | Czech Republic | €30 million | Sep 2020[57] | ServiceNow partner |
| Blue Acorn iCi | United States | $125 million | Oct 2020[58] | Digital transformation |
| Carter Digital | Australia | Undisclosed | Jan 2021[59] | Design agency |
| Oddity | Germany | €50 million | Mar 2022[60] | Digital marketing |
| BASE life science | Denmark | €110 million | Jul 2022[61] | Life science consulting and technology |
| InSemi | India | ₹280 crore | Jan 2024[62] | Semiconductor design services |
| in-tech | Germany | €450 million | Apr 2024[63] | Engineering R&D services |
| MRE Consulting | United States | $36 million | Apr 2025[64] | Consulting |
| The Missing Link | Australia | A$98 million | Apr 2025[64] | Cybersecurity and cloud services |
[edit | edit source]
In India, Infosys shares are listed on the BSE, where it is a part of the BSE SENSEX, and on the NSE, where it is included in the NIFTY 50 index.[65] Infosys also trades its shares through American depositary receipts (ADRs) on the New York Stock Exchange.[66]
Over the years, the shareholding of Infosys's promoters has steadily decreased. This trend began in June 1993, when Infosys first listed its shares on the BSE. The promoter shareholding further declined when Infosys instated employee stock option scheme in 1993 and listed ADRs on Nasdaq on 11 March 1999.[17] The Life Insurance Corporation of India is the biggest shareholder in Infosys.[67]
| Shareholders | Shareholding |
|---|---|
| Promoters group | 14.61% |
| Foreign institutional investors (FII) | 32.74% |
| Domestic institutional investors (DII) | 37.59% |
| Public | 14.81% |
| Others | 0.25% |
| Total | 100.00% |
Operations[edit | edit source]
Geographical presence[edit | edit source]
As of 31 March 2024, Infosys operates 94 sales and marketing offices and 139 development centers globally. The company's operations are spread across key regions, including India, the United States, Canada, China, Australia, Japan, the Middle East, and Europe.[69]
In the fiscal year 2023-24, Infosys generated approximately 61% of its revenue from North America, 25% from Europe, 3% from India, and 11% from other regions, including the Middle East, Australia, and Japan.[70]
Infosys faced scrutiny over its continued operations in Moscow following Russia's invasion of Ukraine in February 2022. The company clarified that it had no active business with Russian firms.[71][72] By November 2022, only administrative staff remained, handling the transfer of contracts to other contractors.[73]
Training centre in Mysore[edit | edit source]
As the world's largest corporate university, the Infosys Global Education Centre, located on a 337-acre[74] campus in Mysore, features 400 instructors and over 200 classrooms.[75] Established in 2002, it had trained approximately 125,000 engineering graduates by June 2015.[75] The centre can accommodate and train up to 14,000 employees at any given time across various technologies.[76][77]
The Infosys Leadership Institute (ILI), located in Mysore, trains approximately 4,000 trainees annually.[77] Its primary objective is to cultivate and develop senior leaders within Infosys, preparing them for both current and future executive roles.
Employees[edit | edit source]
As of 31 March 2024, Infosys employed a total of 317,240 people, commonly referred to as "Infoscions," with 39.3% of them being women.[78] In 2023, 85% of Infosys' employees were located in India.
Starting mid-2015, Infosys did away with its dress code, allowing jeans and casual clothes every day. This change is noticeable because, since 2008, a formal dress code—including a tie for males twice a week—had been mandatory at the company.[79][80]
CEOs[edit | edit source]
From its establishment in 1981 until 2014, Infosys' CEOs were its founders, with N. R. Narayana Murthy leading the company for the initial 21 years. Vishal Sikka was the first external CEO, serving for approximately three years.[81] Sikka resigned in August 2017. Following his departure, UB Pravin Rao was appointed as Interim CEO and Managing Director of the company.[82] Infosys appointed Salil Parekh as Chief Executive Officer (CEO) and Managing Director (MD), effective from 2 January 2018.[83]
- List of CEOs
| Name | Period |
|---|---|
| N. R. Narayana Murthy | 1981 to March 2002 |
| Nandan Nilekani | March 2002 to April 2007 |
| Kris Gopalakrishnan | April 2007 to August 2011 |
| S. D. Shibulal | August 2011 to July 2014 |
| Vishal Sikka | August 2014 to August 2017 |
| U. B. Pravin Rao (interim) | August 2017 to December 2017[82] |
| Salil Parekh | January 2018 onwards[83] |
Controversies[edit | edit source]
Settlement of visa and tax fraud cases in the US[edit | edit source]
In 2011, Infosys was accused of visa fraud for using B-1 (visitor) visas for work that required H-1B (work) visas. The allegations originated from an internal complaint by an American employee of Infosys, who subsequently filed a lawsuit against the company, claiming harassment and marginalization after raising the issue. Although the lawsuit was dismissed,[84] along with another similar case,[85][86][87] these allegations were brought to the attention of U.S. authorities, leading to investigations by the U.S. Department of Homeland Security and a federal grand jury.[88]
In October 2013, Infosys agreed to settle the civil suit with U.S. authorities by paying $34 million. While the company did not admit guilt, it stated that it settled to avoid the complications of "prolonged litigation".[89] Infosys asserted that, "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 untrue and are assertions that remain unproven."[90]
In December 2019, Infosys reached an $800,000 settlement with the State of California in a visa and tax fraud case. Between 2006 and 2017, nearly 500 Infosys employees were found to be working in the state on Infosys-sponsored B-1 visas instead of the required H-1B visas, enabling the company to avoid paying California payroll taxes, including unemployment insurance, disability insurance, and employment training taxes.[91][92][93][94]
Malfunctioning government portals[edit | edit source]
In 2013, technical issues emerged after Infosys took over the MCA21 portal from Tata Consultancy Services.[95][96] Similar problems arose in 2016 after a system migration and version update.[97][98]
In 2020, the finance ministry identified glitches in the GSTN portal, leading to a summons for Infosys executives.[99][100] In 2022, chartered accountants and tax professionals raised concerns over technical issues with the GSTN portal.[101][102]
In 2021, the newly launched Income Tax portal, developed by Infosys, encountered multiple glitches. Despite a summons for Infosys CEO Salil Parekh, the issues remained unresolved for months, forcing an extension of the tax filing deadline.[103][104] In 2022, users continued to report malfunctions and issues on the first anniversary of the portal's launch.[105][106][107]
Tracking software[edit | edit source]
It was reported in late 2013 that Infosys’ plan to install software to track the actual time staff spent on their computers caused resentment among employees.[108]
See also[edit | edit source]
References[edit | edit source]
- ↑ "Not Just Narayana Murthy, Here's The Untold Story Of Infosys' Six Other Co-Founders". IndiaTimes. 12 October 2023. Retrieved 12 October 2023.
- ↑ "Infosys appoints Salil S. Parekh as CEO and Managing Director". The Economic Times. Archived from the original on 2 December 2017. Retrieved 2 December 2015.
- ↑ "Infosys adds 5000 employees in December quarter,". Economic Times. Retrieved 10 March 2026.
- ↑ "Results For The Quarter And Year Ended March 31, 2025" (PDF). BSE. Infosys. Retrieved 17 April 2025.
- ↑ "Major events in the history of Infosys". Rediff.com Business. Archived from the original on 7 October 2017. Retrieved 7 October 2017.
- ↑ Com, Moneycontrol. "Company History of Infosys". Moneycontrol.com. Archived from the original on 7 October 2017. Retrieved 7 October 2017.
- ↑ "About Infosys". Infosys. Archived from the original on 27 September 2013. Retrieved 23 September 2013.
- ↑ Bibhu Ranjan Mishra. "There's life after Infosys". Business Standard, 7 September 2013.
- ↑ "Infosys' hardcore 80s: When the company had a hardware business". The Economic Times. 20 July 2015. Retrieved 23 July 2025.
- ↑ "Infosys link to telegram service". The Hindu. 14 July 2013. Retrieved 23 July 2025.
- ↑ Srikanth, Chandra R. (21 July 2021). "In 1990, there was an offer to buy us out for Rs 2 crore. Infosys has Rs 6.5 lakh crore m-cap now: NR Narayana Murthy on 1991 reforms". Moneycontrol. Retrieved 23 July 2025.
- ↑ 12.0 12.1 "Infosys Technologies Bio". in.com. Archived from the original on 22 July 2013. Retrieved 7 July 2013.
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- ↑ 14.0 14.1 Trimble, Chris (2008). "Infosys in a Distinct Business: Finacle" (PDF). Tuck School of Business at Dartmouth College. Retrieved 23 July 2025.
- ↑ 15.0 15.1 Talgeri, Kunal N.; Bhuva, Rajiv (6 November 2013). "Infy's many faces". Fortune India. Retrieved 23 July 2025.
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- ↑ 17.0 17.1 Ramesh, Jairam (29 March 1999). "Bangalore-based software firm Infosys becomes first Indian company to list on Nasdaq". India Today. Archived from the original on 10 March 2018. Retrieved 9 March 2018.
- ↑ "Infosys to shift listing of ADS to NYSE Euronext from Nasdaq". Infosys. 30 November 2012. Archived from the original on 7 October 2017. Retrieved 7 October 2017.
- ↑ Moorthy, Swathi (17 September 2020). "Infosys' Finacle is finally having a moment two decades after launch". Moneycontrol. Retrieved 17 August 2024.
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- ↑ "Infosys to expand its U.S. operations with a new Delivery Center in Wisconsin" (PDF). Infosys.com. Archived (PDF) from the original on 1 November 2013. Retrieved 3 July 2013.
- ↑ "Edgeverve is born". Business Standard. 17 November 2014. Archived from the original on 22 December 2015. Retrieved 11 December 2015.
- ↑ "Finacle joins Edgeverve". Business Standard. 5 September 2015. Archived from the original on 22 December 2015. Retrieved 11 December 2015.
- ↑ "With liquid assets worth $5.5 bn, Infosys raises start-up fund size to $500 mn". The Indian Express. 10 January 2015. Retrieved 7 August 2025.
- ↑ Doulatramani, Chandni (16 January 2015). "Infosys CEO Vishal Sikka meets Modi; dedicates $250 mn to Innovate in India". LiveMint. Retrieved 7 August 2025.
- ↑ "Indian tech giant Infosys says it has created a joint venture with Singapore's Temasek". CNBC. 7 September 2018. Retrieved 23 July 2025.
- ↑ Goled, Shraddha (12 October 2023). "Infosys-Temasek extend JV collaboration by five years for growth in Southeast Asian market". Techcircle. Retrieved 23 July 2025.
- ↑ "Infosys becomes 4th Indian company to touch $100 bn market cap". The Times of India. Retrieved 25 August 2021.
- ↑ "Infosys realigns organisation structure". The Financial Express. 16 February 2015. Archived from the original on 19 February 2015. Retrieved 4 March 2015.
- ↑ "Infosys Cobalt: Cloud-Based Enterprise Transformation Services". www.infosys.com. Retrieved 17 August 2024.
- ↑ "Enhance Business Value With Digital Engineering Services | Infosys". www.infosys.com. Retrieved 17 August 2024.
- ↑ "Management Consulting Services". www.infosys.com. Retrieved 17 September 2024.
- ↑ "Infosys Ltd - Company Profile and News - Bloomberg Markets". www.bloomberg.com. Retrieved 17 September 2024.
- ↑ "Infosys Reviews, Ratings & Features 2024 - Gartner Peer Insights". www.gartner.com. Retrieved 17 September 2024.
- ↑ "Infosys Limited (INFY) Company Profile & Facts - Yahoo Finance". www.yahoo.com. Retrieved 17 September 2024.
- ↑ "Infosys bets on cloud business with launch of Cobalt". Mint. Retrieved 23 July 2025.
- ↑ "Infosys launches generative AI solutions". The Economic Times. Retrieved 23 July 2025.
- ↑ "Infosys launches Aster for AI-powered marketing for business growth". Business Standard. Retrieved 17 August 2024.
- ↑ "Infosys to buy Australian firm Expert for $22.9 m". The Hindu. 19 December 2003. Archived from the original on 21 September 2009. Retrieved 7 October 2017.
- ↑ "Infosys acquires Gen-i's software solutions business". The Times of India. 8 June 2011. Retrieved 28 August 2024.
- ↑ "Infosys acquires Swiss firm Lodestone for Rs. 1,925 crore". The Hindu. 10 September 2012. Archived from the original on 27 September 2013. Retrieved 22 June 2013.
- ↑ "Infosys buys automation technology startup Panaya, deal valued at Rs 1200 crore". The Economic Times. 17 February 2015. Archived from the original on 7 October 2017. Retrieved 7 October 2017.
- ↑ "Infosys completes Skava acquisition for $120 million". The Economic Times. 4 June 2015. Archived from the original on 7 October 2017. Retrieved 7 October 2017.
- ↑ "Infosys completes acquisition of Noah Consulting". The Economic Times. Archived from the original on 7 February 2017. Retrieved 3 February 2017.
- ↑ "Infosys is reaching for the sky with holistic automation strategy". Horses for Sources. 26 April 2017. Archived from the original on 20 June 2019. Retrieved 20 June 2019.
- ↑ "Infosys completes Brilliant Basics acquisition". Money Control. 11 September 2017. Archived from the original on 7 October 2017. Retrieved 7 October 2017.
- ↑ "Infosys Consulting buys Finnish Salesforce partner Fluido Oy for €65 million". Consultancy.eu. 17 September 2018. Archived from the original on 20 June 2019. Retrieved 20 June 2019.
- ↑ "Wongdoody Joins Infosys". wongdoody.com. Archived from the original on 16 January 2019. Retrieved 15 January 2019.
- ↑ Zacks, Publisher. "Infosys Ups the Ante in Mortgage Servicing With Stater Buyout". NASDAQ. Retrieved 29 September 2020.
- ↑ Mendonca, Jochelle (11 February 2020). "Infosys to pay as much as $250 million for Simplus acquisition". The Economic Times. Retrieved 17 August 2024.
- ↑ "Infosys to acquire US-based firm Kaleidoscope for $42 mn". The Economic Times. Retrieved 29 September 2020.
- ↑ "Czech-based GuideVision joins consulting arm of Infosys". Consultancy.eu. Retrieved 30 September 2020.
- ↑ Baruah, Ayushman (8 October 2020). "Infosys to acquire US-based Blue Acorn iCi for up to $125 million". Mint. Retrieved 28 August 2024.
- ↑ "Infosys to acquire assets, onboard employees of Australia's Carter Digital". Business Standard. 13 January 2021. Retrieved 28 August 2024.
- ↑ "Infosys to acquire German digital marketing firm Oddity for Euro 50 mn". Retrieved 22 March 2022.
- ↑ Ishwarbharath, Sai (13 July 2022). "Infosys to acquire BASE life science for €110 million". The Economic Times. ISSN 0013-0389. Retrieved 7 December 2023.
- ↑ "Infosys to acquire InSemi for ₹280 crore". The Times of India. 12 January 2024. Retrieved 17 April 2025.
- ↑ "Infosys to acquire 100% stake in German firm in-tech for €450 million". CNBCTV18. 18 April 2024. Retrieved 17 August 2024.
- ↑ 64.0 64.1 "Infosys set to acquire MRE Consulting and The Missing Link in Q1 FY26". BusinessLine. 17 April 2025. Retrieved 17 April 2025.
- ↑ "Stock Share Price | Get Quote | BSE". www.bseindia.com. Retrieved 9 May 2020.
- ↑ Selina, Hossain (20 April 2020). "Infosys Q4 results: Profit rises 6% to Rs 4,321 crore; firm suspends guidance". The Economic Times. Retrieved 9 May 2020.
- ↑ "Did you know who the biggest shareholder in Infosys Is?". ZeeNews, 13 May 2025.
- ↑ "Infosys shareholdings: Find Infosys Shareholding Pattern and Ownership" (PDF). Infosys.com. Retrieved 16 August 2024.
- ↑ About Us, Infosys.com, retrieved 17 August 2024
- ↑ Infosys Annual Report 2023-24 (PDF), Infosys.com, retrieved 16 August 2024[dead link]
- ↑ "Rishi Sunak faces questions over wife Akshata Murty's non-dom tax status". BBC News. 25 March 2022. Retrieved 7 April 2022.
- ↑ "Infosys has team of less than 100 in Russia, transitioning them outside: CEO Parekh". Business Today. 26 June 2022. Retrieved 13 December 2022.
- ↑ "Infosys still operating from Russia eight months after saying it was pulling out". The Guardian. 4 November 2022. Retrieved 13 December 2022.
- ↑ "Infosys campus reflects commitment to a greener world". Infosys. Archived from the original on 27 September 2013. Retrieved 9 September 2013.
- ↑ 75.0 75.1 "Infosys has trained 100,000 graduates at Mysore campus". Mathrubhumi. 1 June 2012. Archived from the original on 28 September 2013. Retrieved 9 September 2013.
- ↑ "Infosys builds world's biggest training centre in Mysore". Mysore Samachar. 9 September 2013. Archived from the original on 22 September 2013. Retrieved 9 September 2013.
- ↑ 77.0 77.1 "Infy plans biggest training centre". The Economic Times. 18 June 2004. Archived from the original on 10 November 2013. Retrieved 9 September 2013.
- ↑ Ltd., Infosys (April 2024). "Infosys Annual Report FY23-24" (PDF). Infosys. infosys.com. Retrieved 17 August 2024.
- ↑ "Infosys does away with dress code". Economic Times, June 1, 2015.
- ↑ "Infosys imposes tie code". Bangalore Mirror, 7 September 2008.
- ↑ "Infosys Names Vishal Sikka First External CEO; Chairman Murthy to Step Down". NDTV Gadgets. 12 June 2014. Archived from the original on 3 July 2015. Retrieved 2 July 2015.
- ↑ 82.0 82.1 Mandavia, Megha. "vishal-sikka-resigns-as-md-ceo-of-infosys". The Economic Times. Archived from the original on 20 August 2017. Retrieved 17 August 2017.
- ↑ 83.0 83.1 "Infosys appoints Capgemini's Salil Parekh as MD & CEO". The Times of India. Archived from the original on 3 December 2017. Retrieved 3 December 2017.
- ↑ Preston, Julia (20 August 2012). "Judge Dismisses Infosys Suit". The New York Times. Archived from the original on 21 October 2012. Retrieved 29 October 2012.
- ↑ "Former Employee Sues Infosys" Archived 9 July 2017 at the Wayback Machine, 9 August 2012, The Wall Street Journal
- ↑ Template:"'Infosys Slashed 80% of My Portfolio'" Archived 9 November 2012 at the Wayback Machine, Shayan Ghosh, 14 August 2012, Deccan Herald
- ↑ "Infosys Says Settles Whistleblower...", 14 December 2012, The Indian Express
- ↑ Thibodeau, Patrick (21 August 2012). "Whistleblower to Continue Helping U.S. Infosys Probe". Computerworld. Archived from the original on 2 November 2012. Retrieved 27 September 2012.
- ↑ "Infosys to Pay $34m Fine Within 10 Days; Settlement Not to Affect Future Visas". The Times of India. 31 October 2013. Archived from the original on 3 November 2013. Retrieved 2 November 2013.
- ↑ "Infosys Settles Visa Fraud Investigation, Pays $34m". The Times of India. 30 October 2013. Archived from the original on 2 November 2013. Retrieved 2 November 2013.
- ↑ Phadnis, Shilpa (19 December 2019). "Infosys Pays California $800,000 to Settle Visa Case". The Times of India. Retrieved 23 October 2020.
- ↑ "Infosys to Pay $800,000 to Settle Worker Misclassification, Tax Fraud Charges". The Times of India. 18 December 2019. Retrieved 23 October 2020.
- ↑ "Attorney General Becerra Announces $800,000 Settlement Against Infosys for Misclassification of Foreign Workers and Tax Fraud". State of California – Department of Justice – Office of the Attorney General. 17 December 2019. Retrieved 23 October 2020.
- ↑ "Infosys to Settle Visa Violation Case in California for $800,000". The Hindu. 18 December 2019. ISSN 0971-751X. Retrieved 23 October 2020.
- ↑ "MCA Portal Cripples After Switching Vendor from TCS to Infosys on January 17". The Economic Times. Retrieved 10 July 2024.
- ↑ "Infosys Earlier Drew Flak for MCA21, GSTN Portal 'Issues'". The Indian Express. 22 June 2021. Retrieved 30 October 2022.
- ↑ "MCA21 Woes: Corporate Affairs Ministry Might Deduct Payments to Infosys". The Hindu. 26 April 2016. Retrieved 10 July 2024.
- ↑ "Why the MCA21 Portal Is a Pain to Use". Mint. Retrieved 10 July 2024.
- ↑ "FinMin Flags 17 'Areas of Dissatisfaction' with Infosys-Designed GSTN". Business Standard. Retrieved 10 July 2024.
- ↑ "GST Glitches: Top Infosys Executives Get Summons from Finance Ministry". The Times of India. 31 January 2020. Retrieved 10 July 2024.
- ↑ "Slow GST Portal: September Returns Filing Due Date May Be Extended". Zee Business. 21 October 2022. Retrieved 30 October 2022.
- ↑ "GST at 5: Accountants Still Confront Major Issues in Filing Returns". Moneycontrol. 27 June 2022. Retrieved 30 October 2022.
- ↑ "Finance Ministry Summons Infosys CEO Again on Tax Portal Glitches". The Hindu Businessline. Retrieved 10 July 2024.
- ↑ "CBDT Extends Due Date for Filing of IT Returns for AY 2021-22 Till December 31". Hindustan Times. 9 September 2021. Retrieved 10 July 2024.
- ↑ "Income Tax Portal Develops Snag on First Anniversary, Govt Asks Infosys to Look into Issue". The Economic Times. Retrieved 30 October 2022.
- ↑ "Taxpayers Facing Issues in Accessing Income Tax Dept Portal; Infosys Reacts". HT Tech. 3 July 2022. Retrieved 30 October 2022.
- ↑ "Infosys' I-T Portal Continues to Experience Glitch Issues Since Its Launch in June 2021". News18. 8 June 2022. Retrieved 30 October 2022.
- ↑ Vivek Sinha. "Infosys employees upset over software meant to 'spy' on them". Hindustan Times. 26 December 2013
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