Infosys Limited formally Infosys Technologies (BSE: 500209, NSE: INFY,NASDAQ: INFY) is an Indian global technology services company

headquartered inBangalore, India. It is ranked #27 in the list of top companies of India in Fortune India 500list in 2011.[2][3] It has offices in 29 countries and development centers in India, US, China, Australia, UK, Canada, Japan and many other countries. The company provides business consulting, technology, engineering and outsourcing services to help clients in over 30 countries.
Contents
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o o o o o o

1 Timeline 2 Acclaims 3 Global offices 4 Growth & Contractions 5 Current share holding 6 Initiatives 6.1 Infosys Foundation 6.2 Academic Entente (AcE) 6.3 InStep 6.4 Catch them Young Program 6.5 Wharton Infosys Business Transformation Award 7 U.S. visa controversy 8 Board of directors 8.1 Founders 9 References 10 Notes 11 See also 12 External links

[edit]Timeline

1981-Infosys was founded by N. R. Narayana Murthy, Nandan Nilekani, N. S. Raghavan, S. Gopalakrishnan, S. D. Shibulal, K. Dinesh and Ashok Arora. 1983-It moved to Bangalore in 1983 . 1987-Infosys got its first foreign client, Data Basics Corporation from the US, in 1987. 1992-It opened its first overseas sales office in Boston, US. This was followed by offices in Milton Keynes (1996), Toronto (1997), France and Hong Kong (2000), UAE and Argentina (2001), Netherlands, Singapore and Sweden (2002). Currently it has 64 offices and 68 development centres in India and abroad.
[edit]Acclaims

Infosys has revenues of US$ 6.825 billion (LTM Q3-FY12). [4] 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, [5] leading technology companies in a report by The Boston Consulting Group [6] and top ten green companies in Newsweek's Green Rankings.[7]Infosys was voted India's most admired company in The Wall Street Journal Asia 200 [8] every year since 2000. The corporate governance practices were recognized by The Asset Platinum award [9] and the IR Global Rankings.[10] In 2001, it was rated by Business Today.[11] 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.[12] 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.[13] Infosys was also ranked as the 15th most trusted brand in India by The Brand Trust Report in 2011.[14] Infosys is ranked #27 in the list of top companies of India in Fortune India 500.[15][16] </ref>
[edit]Global

offices

Infosys has global offices in Europe,South America,North America and Asia Pacific.[17]

Infosys, Pune campus

Movie Theatre, Mysorecampus

Swimming pool & spa,Bangalore campus

Mangalore campus

A building inThiruvananthapuramcampus

Bangalore campus

Dancing fountains,Bangalore campus

Swimming pool, Mysorecampus

Infosys Chennai main block at Mahindra World City, New Chennai

The intergerated Eco-Friendly Block atChennai,one of the biggest in the world

The largest TV screen in Asia, Bangalore campus

BPO Building, Bangalorecampus

Canteen, Bangalorecampus

[edit]Growth

& Contractions

Infosys has experienced a decade of growth fuelled by outsourcing of jobs from the US, and are now turning to acquisitions in Europe so as to expand into Europe. It may help Bengaluru-based Infosys

achieve a target of getting 40 percent of its sales from Europe, up from about 22%. Infosys' stock declined 14% in the year 2011, valuing Infosys at U+20B9 1.36 lakh crore. In 2008, Infosys decided against further pursuing a plan to buy Axon after its bid was trumped by New Delhi-based HCL Technologies. In 2006, Infosys spent $115 million to purchase Citigroup's stake in Progeon, a back-office service provider controlled by Infosys.
[edit]Current

share holding

Life Insurance Corporation of India has 5.17%. Abu Dhabi Investment Authority, a sovereign wealth fund owned by Abu Dhabi, and theGovernment of Singapore also hold significant shareholdings as on December 2011. The remaining public shares are owned by financial institutions and individual investors.[18]
[edit]Initiatives

Infosys has the largest corporate university in India and one of the largest in the world, in the Global Education Center campus at Mysore.[19]

[edit]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, thisfoundation 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.[20]
[edit]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.[21]
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.[22]
[edit]InStep

InStep is Infosys' flagship global internship program. The program students from management, technical and liberal arts backgrounds. InStep fosters a multi-cultural environment within the organization and provides strategy and research projects. The InStep program is also part of AcE activities.It offers live projects to interns from universities around the world.[23]
[edit]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.

[24]

However, the "Catch Them Young program" has been discontinued after 2009.[25]
[edit]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.[26]
[edit]U.S.

visa controversy

The company in April, 2012, came under investigation for using B1 visas for Indian employees on the job in the United States. The visas are intended for conference and business-meeting travel, as John Miller of CBS This Morning reported. A consultant for the firm and, now, whistleblower Jay Palmer, described on air his observation of, for example, an internal web site designed, it appeared, to guide Infosys employees on how to avoid visa difficulties (words not to use: "work" e.g.); and of native-Indian employees clearly working, not meeting or conferencing, in the U.S. Paying lower wages and no U.S. taxes for Indian nationals, the company was able to underbid on jobs for its Fortune-500 U.S. clients, he asserted. Miller put the story in the context of the limits on H-1B visas for immigrant workers when no U.S. workers are available to do the work. Forbes further put it in context of a recent initiative by "a host of India[n] computer consulting firms convinc[ing the Indian] ... government to consider taking the U.S to the World Trade Organization for the added fines associated with H1-B [sic] visas". Infosys said in a statement read on air by CBS that Palmers allegations make for an interesting story, but it is not the facts. A judge and jury, according to the report in Forbes of the CBS coverage, "will have the final say on Palmers accusations later this summer in an Alabama civil court case".[27]

[edit]Board

of directors

per Annual Report 2010-11 for the year ended March 31, 2011, with changes a/o August, 2011 (announced in April), detailed inAR[28] and a/o June, 2011[29]; also, directors listed on March 31, 2012 financial statement[30] S. Gopalakrishnan - executive co-chairman[30] S.D. Shibulal - ceo and managing director[30] Marti G. Subrahmanyam - lead independent director; professor of finance at the Stern School of Business at New York University Deepak M. Satwalekar - independent director; former ceo of HDFC Standard Life Insurance Co.; consultant to the World Bank and others[30][31] Omkar Goswami - independent director; economist and business journalist for Business India[30] Sridar A. Iyengar - independent director; operating partner, Bessemer Venture Partners; formerly KPMG[30][32] David L. Boyles - independent director; retired banker; IT consultant[30][33] Prof. Jeffrey S. Lehman - independent director; deputy chancellor and ceo, New York University Shanghai; previously dean, Peking University School of Transnational Law, Shenzhen, China; University of Michigan Law School, Cornell University[30] K.V. Kamath - chairman of the board[30] R. Seshasayee - independent director; executive vice chairman Ashok Leyland, chartered accountant[30][34] Ann M. Fudge, independent director; former CEO of Young & Rubicam and member of U.S. President Barack Obama's National Commission on Fiscal Responsibility and Reform[29][30] Ravi Venkatesan - independent director; former executive Microsoft India, Cummins Inc.[30][35]

K. Dinesh - director and head, communications design group, information systems, and quality & production T.V. Mohandas Pai - director and head, administration, education & research, finance, human resources development and Infosys Leadership Institute Srinath Batni - director and head, delivery excellence[30] V. Balakrishnan, chief financial officer[29][30] B. G. Srinivas, senior vice president and head, Banking and Financial Services[29][30] Ashok Vemuri, senior vice president and head,manufacturing, product engineering, product lifecycle and engineering solutions and strategic global sourcing[29][30]
[edit]Founders

N.R. Narayana Murthy,[28] Nandan Nilekani, N. S. Raghavan, [citation needed] Gopalakrishnan, Shibulal, Dinesh,[28] and Ashok Arora[citation needed] were the founders of the company. In the August, 2011, changes to the board, Murthy retired as chairman and chief mentor and Gopalakrishnan stepped down as ceo and managing director while staying on the board.[28]
[edit]

Type

Public

Traded as

BSE: 500209 NSE: INFY NASDAQ: INFY BSE SENSEX Constituent

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, India

Area served

Worldwide

Key people

K V Kamath
(Chairman)

S. Gopalakrishnan
(Co-Chairman)

S.D. Shibulal
(CEO & MD)

Services

IT, business consulting andoutsourcing services

Revenue

US$ 6.99 billion (2012)[1]

Operating income

US$ 1.01 billion (2012)[1]

Profit

US$ 2.71 billion (2012)[1]

Total assets

US$ 7.53 billion (2012)[1]

Total equity

US$ 6.57 billion (2012)[1]

Employees

150,000 (2012)[1]

Divisions

Infosys BPO, Infosys China

Website

www.infosys.com

Infosys Limited formally Infosys Technologies (BSE: 500209, NSE: INFY,