Infosys

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Infosys Limited
Type Public company
Traded as BSE: 500209
NSE: INFY
NASDAQ: INFY
Industry IT services, IT consulting
Founder(s) N. R. Narayana Murthy
Nandan Nilekani
N. S. Raghavan
S. Gopalakrishnan
S. D. Shibulal
K Dinesh
Ashok Arora
Headquarters Bengaluru, Karnataka, India
Area served Worldwide
Key people K. V. Kamath
(Chairman)
S. Gopalakrishnan
(Co-Chairman)
S.D. Shibulal
(CEO & MD)
Services IT, business consulting and outsourcing services
Revenue increase US$ 6.041 billion (2011)[1]
Operating income increase US$ 1.779 billion (2011)[1]
Profit increase US$ 1.499 billion (2011)[1]
Total assets increase US$ 7.010 billion (2011)[1]
Total equity increase US$ 6.122 billion (2011)[1]
Employees 145,088 (Q4, 2011)[1]
Divisions Infosys BPO, Infosys China
Website www.infosys.com

Infosys Limited, formerly Infosys Technologies Limited (BSE: 500209, NSE: INFY, NASDAQ: INFY) is a global technology services company headquartered in Bangalore, India. It has offices in 29 countries and development centers in India, US, China, Australia, UK, Canada, Japan and many other countries. Infosys has over 145,088 employees of 85 nationalities.[2] Infosys provides business consulting, technology, engineering and outsourcing services to help clients in over 30 countries.

Contents

History

Infosys was founded in 1981 by N. R. Narayana Murthy, Nandan Nilekani, N. S. Raghavan, S. Gopalakrishnan, S. D. Shibulal, K. Dinesh and Ashok Arora.

Infosys headquarters in Bengaluru, India

Infosys has revenues of US$ 6.825 billion (LTM Q3-FY12).[3] Infosys delivers IT-enabled business solutions to enable Global 2000 companies to build their enterprises of tomorrow. Infosys ranked among the most innovative companies in a Forbes survey,[4]leading technology companies in a report by The Boston Consulting Group [5] and top ten green companies in Newsweek's Green Rankings.[6] Infosys was voted India's most admired company in The Wall Street Journal Asia 200 [7] every year since 2000. The corporate governance practices were recognized by The Asset Platinum award [8] and the IR Global Rankings.[9]

In 2001, it was rated the by Business Today.[10] Infosys was rated best employer to work for in 2000, 2001, and 2002 by Hewitt Associates. In 2007, Infosys received over 1.3 million applications and hired fewer than 3% of applicants.[11]

Infosys won the Global MAKE (Most Admired Knowledge Enterprises) award for the years 2003, 2004 and 2005, and is inducted into the Global Hall of Fame for the same.[12][13]

Infosys was also ranked as the 15th most trusted brand in India by The Brand Trust Report in 2011.[14]

Current share holding

Life Insurance Corporation of India has 5.17%. Abu Dhabi Investment Authority, a sovereign wealth fund owned by Abu Dhabi, and the Government of Singapore also hold significant shareholdings as on December 2011. The remaining public shares are owned by financial institutions and individual investors.[15]

Initiatives

Infosys has the largest corporate university in the world, located on its Mysore campus.[16]

Infosys Foundation

In 1996, Infosys established the Infosys Foundation, operating in the areas of health care, social rehabilitation and rural uplift, education, arts and culture. Since then, this foundation has spread its activities from its headquarters in Karnataka to the Indian states of Tamil Nadu, Andhra Pradesh, Maharashtra, Kerala, Orissa and Punjab in a phased manner.A dedicated team at the Foundation identifies programs in the areas of Healthcare, Education, Culture, Destitute Care and Rural Development.[17]

Academic Entente (AcE)

Since 2004, Infosys has embarked on a series of initiatives to consolidate and formalise its academic relationships worldwide under the umbrella of a program called AcE – Academic Entente.Infosys' Global Academic Relations team forges Academic Entente (AcE) with best-in-class global academic and partner institutions. It explores co-creation opportunities between Infosys and academia through case studies, student trips and speaking engagements. They also collaborate on technology, emerging economies, globalization, and research. Some initiatives include research collaborations, publications, conferences and speaking sessions, campus visits and campus hiring.[18]

Wikimedia Commons has media related to: Infosys Mysore

Infosys houses the largest corporate education center in the world in Mysore. The facility can accommodate 14,000 candidates at one time.[19]

InStep

InStep is Infosys' flagship global internship program that attracts talent from top academic institutions around the world. The program draws students from management, technical and liberal arts backgrounds. InStep fosters a multi-cultural environment within the organization and provides high-impact strategy and cutting-edge research projects. The InStep program is also part of AcE activities.It offers live projects to interns from universities around the world.[20]

Catch them Young Program

In 1997, Infosys started the "Catch them Young Program", to expose urban youth to information technology by conducting a summer vacation program. The program is aimed at developing an interest and understanding of computer science and information technology. This program is targeted at students in Grade IX level.[21] However, the "Catch Them Young program" has been discontinued after 2009.[22]

Wharton Infosys Business Transformation Award

In 2002, the Wharton Business School of the University of Pennsylvania and Infosys started the Wharton Infosys Business Transformation Award. This technology award recognises enterprises and individuals who have transformed their businesses and the society leveraging information technology. Past winners include Samsung, Amazon.com, Capital One, RBS and ING Direct. However, the Wharton Business Transformation award has been discontinued post 2007.[23]

Infosys Science Foundation

The Infosys Science Foundation, a not-for-profit trust, was set up in February 2009 by the management of Infosys. The Foundation instituted the Infosys Prize, an annual award, to honor outstanding achievements of researchers and scientists across five categories: Social Sciences, Physical Sciences, Engineering and Computer Sciences, Mathematical Sciences and Life Sciences, each carrying a prize of rupees 50 Lakh. The award intends to celebrate success in scientific research and stand as a marker of excellence in these fields.

A jury, comprising eminent leaders in each of these fields, evaluates the achievements of the nominees against the standards of international research, placing the winners on par with the finest researchers in the world.[24]

Infosys Labs

Infosys developed a corporate Research and Development wing called Infosys Labs. Consisting of a dedicated research and innovation facility, Infosys Labs builds on the successes of the award-winning Software Engineering and Technology Labs (SETLabs), and envisages a broader mandate. The 600-member technology and domain-focused team focuses on driving innovation across trends identified by the company to transform the businesses of clients globally.[25]

Charity

In October 2009, the northern districts of Karnataka were severely affected by floods after torrential rainfall. It claimed hundreds of lives and rendered millions of villagers homeless.The employees of Infosys joined hands to rebuild villages and undertake a mass housing project. Infoscions, together with the Board of Directors and the Infosys Foundation, contributed US$ 6.8 million towards relief, rehabilitation and reconstruction.[26]

In 2005, Infosys donated INR10 million (about $226,000) to help with the effects of the 2005 Kashmir earthquake in Pakistan.[27]

See also

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Notes

  1. ^ a b c d e f "2010 Form 10-K, Infosys Technologies Limited". Infosys Invester. http://www.google.com/finance?q=NASDAQ:INFY&fstype=ii. 
  2. ^ Infosys Limited. "Fact File | Who We Are | About Us". Infosys. http://www.infosys.com/about/who-we-are/Pages/fact-file.aspx. 
  3. ^ "Infosys About us". http://www.infosys.com/about/what-we-do/pages/index.aspx. 
  4. ^ "Forbes Most Innovative Companies". http://www.forbes.com/special-features/innovative-companies.html. 
  5. ^ "BCG documents". http://www.bcg.com/documents/file59590.pdf. 
  6. ^ "Newsweek Green Rankings". http://www.thedailybeast.com/newsweek/2011/10/16/green-rankings-2011-world-s-greenest-companies-photos.infosys.html. 
  7. ^ "WSJ Asia 200 Article". http://online.wsj.com/article/SB10001424052702304173704575577683613256368.html. 
  8. ^ "Awards". http://www.infosys.com/about/awards/Pages/excellence-corporate-governance.aspx. 
  9. ^ "IR Global Rankings". http://www.irglobalrankings.com/irgr2010/web/default_eni.asp?idioma=1&conta=46. 
  10. ^ R. Sukumar. "India's Best Employers: The Top 5". A BT-Hewitt study. Business Today. Archived from the original on 1 July 2006. http://web.archive.org/web/20060701051112/http://www.india-today.com/btoday/20010121/cover2.html. Retrieved 10 October 2006. 
  11. ^ "INFY 2007 20-F, Item 6". Sec.gov. http://www.sec.gov/Archives/edgar/data/1067491/000106749107000015/form20f.htm#item6. Retrieved 7 September 2010. 
  12. ^ "Infosys recognized as a Globally Most Admired Knowledge Enterprise for 2004" (PDF). A Teleos study. Infosys Media. http://www.infosys.com/newsroom/press-releases/Documents/2004/MAKEGLOBAL-PressRelease-25Nov04.pdf. Retrieved 1 December 2004. 
  13. ^ "Infosys in the Global Hall of Fame". http://www.infosys.com/media/press_releases/global-make-award-hall-of-fame.asp. [dead link]
  14. ^ "Components of trust that brands can focus on". thehindubusinessline.com. 2011-05-18. http://www.thehindubusinessline.com/features/brandline/article2029427.ece. 
  15. ^ http://www.infosys.com/investors/reports-filings/quarterly-results/Documents/Share-Holding/clause35-december31-2011.pdf
  16. ^ Infosys Technologies Limited. "Sustainability". Infosys. http://www.infosys.com/beyond-business/pages/index.aspx. Retrieved 27 July 2010. [dead link]
  17. ^ http://www.infosys.com/infosys_foundation/default.asp
  18. ^ "Infosys Global Academic Relations". http://www.infosys.com/instep/global-academic-relations/default.asp. 
  19. ^ Infosys Technologies Limited. "Sonia Gandhi Inaugurates Global Education Center in Mysore | Press Releases | Newsroom". Infosys. http://www.infosys.com/newsroom/press-releases/Pages/global-education-center-II.aspx. Retrieved 27 July 2010. 
  20. ^ "Infosys InStep". http://www.infosys.com/instep/default.asp. 
  21. ^ "Summer fun". The Hindu. 14 June 2004. http://www.hindu.com/yw/2004/08/14/stories/2004081400640200.htm. Retrieved 12 October 2006. 
  22. ^ "Infosys Corporate Responsibility". http://www.infosys.com/sustainability/catching-them-young/Pages/index.aspx. 
  23. ^ "Infosys Corporate Responsibility". http://www.infosys.com/sustainability/wibta/pages/index.aspx. 
  24. ^ "Infosys Prize". http://www.infosys-science-foundation.com/about_prize.html. 
  25. ^ "Infosys Labs". http://www.infosys.com/infosys-labs/Pages/index.aspx. 
  26. ^ "Infosys Foundation". http://www.infosys.com/infosys_foundation/key-initiatives/karnataka-flood-relief.asp. 
  27. ^ "South Asia | Indian quake aid reaches Pakistan". BBC News. 12 October 2005. http://news.bbc.co.uk/1/hi/world/south_asia/4334530.stm. Retrieved 27 July 2010. 

References

.. 18 December 2003. http://www.infosys.com/australia/news/Documents/infosys-acquires-expert.pdf. Retrieved 11 October 2006. 

External links

Wikimedia Commons has media related to: Infosys
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