Introduction
Infosys , An international IT firm based in India, provides outsourcing, technology, and consulting services. By 2020 revenue, this Bangalore-based company, which was founded in Pune, will rank as the second-largest Indian IT company. On August 24, 2021, Infosys achieved a market capitalization of US$100 billion, placing it in the top tier of Big Tech companies in India.
History
One of the top Indian IT firms, Infosys Limited is well-known for its technology, outsourcing, and consulting offerings. With a market valuation of US$100 billion in August 2021, this Bangalore-based company, which was founded in Pune, is currently the second-largest Indian IT company by sales as of 2020. With locations in Milwaukee and Indianapolis, Infosys has grown both domestically and internationally. In order to provide enterprise software solutions, the business established EdgeVerve Systems in 2014. As of December 2023, its revenue was reported to reach US$18 billion. Infosys unveiled Infosys Aster, an AI-enhanced marketing suite, in June 2024 with the goal of increasing operational efficiency and brand engagement.
Products and services
In sectors like manufacturing, insurance, and finance, Infosys provides software development, maintenance, and validation services. NIA (Next Generation Integrated AI Platform), cloud-based enterprise transformation services, the Infosys Information Platform (IIP) for analytics, EdgeVerve Systems featuring Finacle for banking, Panaya Cloud Suite, engineering services, digital marketing, and blockchain solutions are some of the company's standout products.
Geographical presence
As of March 31, 2018, Infosys has 123 development centers and 82 sales and marketing offices operating all over the world. The company was particularly well-represented in the Middle East, Europe, China, Australia, Japan, and India. North America accounted for 60% of its sales in 2019, followed by Europe (24%), India (3%), and other regions of the world (13%). Infosys stated that it had no active interactions with Russian companies when Russia began its invasion of Ukraine in February 2022. By November 2022, the company only had administrative staff left to help with contract transfers to other parties.
In India, Infosys shares are listed as an NIFTY 50 Constituent on the NSE and as a constituent of the SENSEX on the BSE. The New York Stock Exchange lists its American depositary receipts (ADRs) as well. There has been a steady decline in promoter stakes in Infosys since its original listing in June 1993. Notably, on March 11, 1999, it became the first Indian company to list ADRs and Employee Stock Options Schemes on NASDAQ. Promoters owned 12.95% of the shares as of July 29, 2021, followed by domestic institutional investors (DIIs) with 21.98% and foreign institutional investors (FIIs) with 33.39%.
Operations
Employees
259,619 “Infoscions,” or employees of Infosys, were working as of 2021; 38.6% of them were women. Of these, 229,658 are software professionals, while 13,796 are employed in sales and support. 89% of its employees were based in India in 2016. With 2,333,420 job applications received, 180,225 individuals interviewed, and 94,324 new hires made during FY2019, Infosys had a 4% hiring rate. With a profit of Rs 5,809 crore disclosed in Q3FY22, Infosys recorded a spike in attrition to 25.5%. The company plans to hire 55,000 freshers under its global graduate hiring program for FY22.
Training centre in Mysore
With 400 teachers and more than 200 classrooms, Infosys' global education center was built on a 337-acre complex in 2002 and focuses on international standards. It can concurrently teach 14,000 personnel on diverse technologies and has trained about 125,000 engineering graduates by June 2015. With 196 rooms, the Infosys Leadership Institute in Mysore prepares over 4,000 senior leaders for executive positions each year. In addition, the center provides a wide range of extracurricular activities, such as tennis, badminton, basketball, a gym, a bowling alley, a swimming pool, and an international cricket ground that has been certified by the BCCI.
CEOs
Infosys was run by its promoters from the time of its establishment in 1981 until 2014. For the first twenty-one years, N. R. Narayana Murthy managed the company as CEO. Dr. Vishal Sikka was the first CEO who was not a promoter; he served in that capacity for around three years before resigning in August 2017. Then, MD and CEO UB Pravin Rao filled an interim role. On January 2, 2018, Salil Parekh became Infosys' CEO and MD.