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.jpg) Headquarters inBengaluru | |
| Formerly | Infosys Consultants (1981–1992) Infosys Technologies (1992–2011)[1] |
|---|---|
| Company type | Public |
| |
| ISIN | INE009A010321 |
| Industry | Information technologyConsulting Outsourcing |
| Founded | 2 July 1981; 44 years ago (2 July 1981) inPune, India |
| Founders | |
| Headquarters | , India |
Area served | Worldwide |
Key people | Nandan Nilekani (Chairman) Salil Parekh (MD &CEO)[2] |
| Products | |
| Revenue |  ₹166,590 crore (US$20 billion) (2025) |
| ₹37,608 crore (US$4.4 billion) (2025) | |
| ₹26,750 crore (US$3.2 billion) (2025) | |
| Total assets | ₹148,903 crore (US$18 billion) (2025) |
| Total equity | ₹96,203 crore (US$11 billion) (2025) |
Number of employees | 323,578 (March 2025)[3] |
| Divisions | |
| Website | infosys |
| Footnotes / references Financials as of 31 March 2025[update].[4] | |
Infosys Limited is an Indianmultinationaltechnology company that offersinformation technology,business consulting, andoutsourcing services. Founded in 1981 by seven engineers, the company is headquartered inBengaluru and considered one of theBig Six Indian IT companies.
Infosys has also attracted controversies due to allegations of visa and tax fraud in theUnited States and for creating malfunctioning government websites.
Infosys was founded byN. 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 inPune on 2 July 1981,[6] before relocating toBangalore 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 electronictelex machines and keyboardconcentrators.[9][10] Its core business ofoffshore custom software development witnessed growth after the 1991economic liberalisation of India.[11]
In February 1993, Infosys launched itsinitial public offering (IPO) with an offer price of₹95 per share. The IPO was initially undersubscribed but was "bailed out" by US investment bankMorgan Stanley, which acquired a 13% equity stake at the offer price.[12] When trading began in June 1993, the share price opened at₹145 per share.[13]
Infosys released its banking automation software package Bancs2000 in 1994,[14]middlewarearchitecture product Entark in 1995,[15] andY2K problem toolset "In2000" a year later.[16] In the mid to late 1990s, Infosys alsoincubated software product subsidiaries likee-fulfillment andWMS software provider Yantra, andmobile VAS developer OnMobile, which were subsequentlyspun off and divested.[15]
Infosys listed itsAmerican depositary receipts (ADRs) onNasdaq in March 1999, making it the first Indian company to be listed on Nasdaq.[17] Infosys was then among the top 20 companies bymarket capitalization on the Nasdaq.[12] The ADR listing was later transferred toNYSE Euronext to provide European investors with better access to the company's shares.[18]
In 1999, Infosys rolled outFinacle, 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 anintellectual property (IP) cell; Infosys was reported to be earning about 10% of its total revenue frompatent pending IP assets in 2006.[20][21]
In 2002, Infosys created abusiness process management division calledProgeon (now Infosys BPM), withCitigroup taking a minority stake in the venture for $20 million.[22] In 2004, Infosys established a wholly owned consulting subsidiary calledInfosys Consulting, based inFremont, 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 inRockville, 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, inMilwaukee, primarily to serveHarley-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 anenterprise software products subsidiary namedEdgeVerve 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 onemerging anddeep tech,[29] including a $250 million allocation for Indian startups.[30]
In 2018, Infosys formed aSingapore-based 60:40 joint venture withTemasek Holdings known as Infosys Compaz (iCompaz), serving clients in theSoutheast Asian markets.[31][32]
On 24 August 2021, Infosys became the fourth Indian company to achieve a market capitalization ofUS$100 billion.[33]
Infosys offers software development, maintenance, and independent validation services across industries such as finance, insurance, manufacturing, among others.[34] Through its subsidiaryInfosys Consulting, it provides consulting services in digital experience,cloud,[35] data analytics, artificial intelligences, engineering,[36] and sustainability.[37] Its subsidiaryInfosys 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 softwareFinacle, application delivery platformPanaya, 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 ascloud with Cobalt,[41]generative AI with Topaz,[42] andAI marketing with Aster.[43]
| 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 |
In India, Infosys shares are listed on theBSE, where it is a part of theBSE SENSEX, and on theNSE, where it is included in theNIFTY 50 index.[65] Infosys also trades its shares throughAmerican depositary receipts (ADRs) on theNew 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 instatedemployee stock option scheme in 1993 and listed ADRs onNasdaq on 11 March 1999.[17] TheLife 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% |
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'sinvasion 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]
As the world's largest corporate university, the Infosys Global Education Centre, located on a 337-acre[74] campus inMysore, 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.
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]
From its establishment in 1981 until 2014, Infosys' CEOs were its founders, withN. 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 appointedSalil Parekh as Chief Executive Officer (CEO) and Managing Director (MD), effective from 2 January 2018.[83]
| 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] |
In 2011, Infosys was accused of visa fraud for usingB-1 (visitor) visas for work that requiredH-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 theU.S. Department of Homeland Security and afederal 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 Californiapayroll taxes, including unemployment insurance, disability insurance, and employment training taxes.[91][92][93][94]
In 2013, technical issues emerged after Infosys took over theMCA21 portal fromTata Consultancy Services.[95][96] Similar problems arose in 2016 after asystem migration andversion update.[97][98]
In 2020, the finance ministry identified glitches in theGSTN portal, leading to a summons for Infosys executives.[99][100] In 2022, chartered accountants andtax professionals raised concerns over technical issues with the GSTN portal.[101][102]
In 2021, the newly launchedIncome Tax portal, developed by Infosys, encountered multiple glitches. Despite a summons for Infosys CEOSalil 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]
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]
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| National | |
