[19], Infosys provides software development, maintenance and independent validation services to companies in finance, insurance, manufacturing and other domains. [92], Displacement of American workers at Southern California Edison and Disney, In 2015, the United States Department of Labor began an investigation of Infosys after claims were made that the company used workers with H-1B visas to replace workers at Disney and Southern California Edison. [12], An initial public offering (IPO) was floated in February 1993 with an offer price of ₹95 (equivalent to ₹550 or US$7.80 in 2019) per share against a book value of ₹20 (equivalent to ₹120 or US$1.60 in 2019) per share. In 2012, Infosys was ranked No. He co-founded Infosys and is the non-executive chairman of Infosys replacing R Seshasayee and Ravi Venkatesan, who were the co-chairs of the board, on 24 August 2017. Sets up e-Business practice, Moves corporate headquarters to Electronic City, Bangalore. Board decides to increase the dividend pay-out ratio to up to 50% of post-tax profits, Infosys acquired Skava, a leading provider of Digital Experience solutions for the Retail industry, Infosys acquired Panaya, Inc., a leading provider of automation technology for large scale enterprise software management, Infosys announces US$250 million ‘Innovate in India Fund’ to support Indian start-ups, Dr. Vishal Sikka takes over as the CEO and MD from S.D. [16][17] Infosys hired 1,200 United States employees in 2011, and expanded the workforce by an additional 2,000 employees in 2012. The idea of Infosys was born on a morning in January 1981. In 2020, Infosys was ranked No. The article describes how infosys,the second biggest indian IT company get started. Infosys Limited, is an Indian multinational corporation that provides business consulting, information technology and outsourcing services.
Our employee stock options program created some of India's first salaried millionaires. It took 23 years to reach first billion, only 23 months to reach next billion in revenues, N. R. Narayana Murthy retires from the services of the company on turning 60. [93], In 2019, whistle blowers alleged irregularities in the company's financial accounting. [83][84], In 2011, Infosys was accused of committing visa fraud by using B-1 (visitor) visas for work requiring H-1B (work) visas. [54] It can train 14,000 employees at a given point of time on various technologies.[55][56]. Dinesh holds a post-graduate degree in Mathematics from Bangalore University. The investigation did not find any wrongdoing. [47] The promoter holding on 31 March 2002 was 28.72%[48] and at 30 June 2017 it dropped to 12.75% as they gradually sold their shares and reduced involvement in active management of the company. [18] In August 2015, the Finacle Global Banking Solutions assets were officially transferred from Infosys and became part of the product company EdgeVerve Systems product portfolio. Find Infosys Founders Latest News, Videos & Pictures on Infosys Founders and see latest updates, news, information from NDTV.COM.

Close to 500 Infosys employees were working in the state on Infosys-sponsored B-1 visas instead of H-1B visas between 2006 and 2017, as per an official post available on the website of State of California. They all knew coding and had a good work experience in 'it' … In 2019, Infosys was ranked as the 3rd Best Regarded Company in the World by Forbes. Remaining 13% of revenues were derived from the rest of the world. Since its establishment in 1981 till 2014, the CEOs of Infosys were its promoters, with N.R. He served as the Member of the Board of Infosys from 1981 – 2011. At that time, Infosys was among the 20 biggest companies by market capitalization on the NASDAQ. [45] Its shares are listed by way of American depositary receipts (ADRs) at the New York Stock Exchange. In 2011, he retired as the Head of Quality, Information Systems and the Communication Design Group. Opens offices in UAE and Argentina, and a development center in Japan, N. R. Narayana Murthy is rated among Time Magazine/CNN's 25 most influential businessmen in the world, Infosys is rated as the Best Employer by Business World/Hewitt, Opens offices in France and Hong Kong, a global development center in Canada and UK, and three development centers in the US, Relaunches Banks 2000, the universal banking solution from Infosys, as Finacle™, Touches revenues of US$100 million. Nadathur Sarangapani Raghavan is an Indian industrialist, and one of the seven founders of Infosys Technologies, a global consulting and IT services company based in India.The company was incorporated as "Infosys Consultants Pvt Ltd.", with Raghavan's house in Model Colony, north-central Pune as the registered office. Infosys is the second-largest Indian IT company after Tata Consultancy Services by 2017 revenue figures and the 596th largest public company in the world based on revenue. In 2017, HfS Research included Infosys in Winner's Circle of HfS Blueprint for Managed Security Services, Industry 4.0 services and Utility Operations. In 2013, Infosys was ranked 18th largest IT services provider in the world by HfS Research. Narayana Murthy, who is appointed Chairman and Chief Mentor, Opens offices in the Netherlands, Singapore and Switzerland, Infosys and the Wharton School of the University of Pennsylvania set up The Wharton Infosys Business Transformation Awards (WIBTA), Launches Progeon, offering business process outsourcing services, Touches revenues of US$400 million.