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12/10/13 Infosys - Wikipedia, the free encyclopedia Infosys From Wikipedia, the free encyclopedia Infosys Limited Infosys (formerly Infosys Technologies) is an Indian multinational provider of business consulting, information technology, software engineering and outsourcing services. It is headquartered in Bengaluru, Karnataka.[3] Infosys is the third-largest India-based IT services company by 2012 revenues,[4] and the second largest employer of H-1B [5] visa professionals in the United States, as of 2012. On 28 March Type Public 2013, its market capitalisation was $30.8 billion, making it India's sixth Traded as BSE: 500209 largest publicly traded company.[6][7] (http://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx? scripcode=500209) NSE: INFY Contents (http://www.nseindia.com/marketinfo/companyinfo/companysearch.jsp? cons=INFY§ion=7) 1 History NYSE: INFY (http://www.nyse.com/about/listed/lcddata.html?ticker=infy) 1.1 Listings BSE SENSEX Constituent 2 Operations CNX Nifty Constituent 2.1 Locations 2.2 Products and Services Industry IT services, 3 Acquisitions Founded 1981 4 Current shareholding Founder(s) N. R. Narayana Murthy 5 Initiatives Nandan Nilekani 6 Employees N. S. Raghavan 6.1 List of CEOs S Gopalakrishnan 7 Awards and recognitions S D Shibulal 8 Controversies K Dinesh 8.1 Allegations of Visa Fraud Ashok Arora 9 See also 10 References Headquarters Electronics City, Bangalore, Karnataka, India 11 External links Area served Worldwide en.wikipedia.org/wiki/Infosys 1/10 12/10/13 Infosys - Wikipedia, the free encyclopedia Key people N. R. Narayana Murthy History (Executive Chairman) S. D. Shibulal INFOSYS was co-founded in 1981 by N. R. Narayana Murthy, (CEO & MD) Nandan Nilekani, N. S. Raghavan, S. Gopalakrishnan, S. D. Shibulal, K. S. Gopalakrishnan Dinesh and Ashok Arora after they resigned from Patni Computer (Executive Vice Chairman, former Co-Chairman) Systems. The company was incorporated as "Infosys Consultants Pvt Products List Ltd." with a capital of Rs 10000(roughly $250) in Model Colony, Pune US$ 7.39 billion (2013)[1] as the registered office and signed up its first client, Data Basics Revenue Corporation, in New York. In 1983, Infosys corporate headquarters Operating US$ 1.90 billion (2013)[1] was relocated to Bangalore. income Change in name: It changed its name to "Infosys Technologies Private Profit US$ 1.72 billion (2013)[1] Limited" in April 1992. It changed its name to "Infosys Technologies Limited" when it became a public limited company in June 1992. It was Total assets US$ 8.53 billion (2013)[1] [8] later renamed to "Infosys Limited" in June 2011. Total equity US$ 7.33 billion (2013)[1] On 1 June 2013, Mr. Narayana Murthy, one of the founding members of Employees 160,227 (September 2013)[2] Infosys and its long time CEO, returned from his retirement to assume office in Infosys as its Executive Chairman.[9][10] Divisions Infosys BPO Lodestone Management Consultants Listings Website infosys.com (http://infosys.com/) Infosys made an initial public offer (IPO) in March 1993 with an offer price of Rs. 98 per share against book value of Rs. 10 per share. The Infosys IPO was under-subscribed but it was "bailed out" by US investment banker Morgan Stanley which picked up 13% of equity at the offer price.[11] Its shares were listed in stock exchanges in June 1993 with trading opening at Rs. 145 per share.[12] In October 1994, it made a private placement of 5,50,000 shares at Rs. 450 each against book value of Rs. 10 per share to Foreign Institutional Investors (FIIs), Financial Institutions (FIs) and Corporates. In March 1999, it issued 2,070,000 ADSs (equivalent to 1,035,000 equity shares of par value of Rs. 10 each) at US $34 per ADS under the American Depositary Shares Program and the same were listed on the NASDAQ National Market in US. The total issue amount was US $70.38 million. The share price surged to Rs. 8,100 by 1999 making it the costliest share on the market at the time. At that time, Infosys was among the 20 biggest companies by market capitalization on the NASDAQ.[11] During July 2003, June 2005 and November 2006, it made secondary ADS issues of US $294 million, US $1.07 billion and US $ 1.605 billion respectively. In December 2012, Infosys transferred the listing of its American Depositary Shares (ADS) from the NASDAQ to the NYSE.[13] The credit rating of the company is BBB+ (given by Standard & Poor's on 7-May-2010. en.wikipedia.org/wiki/Infosys 2/10 12/10/13 Infosys - Wikipedia, the free encyclopedia Operations On 31 March 2013, Infosys had 798 clients across 30 countries.[3][14] It earns 62% of its revenue from North America, 23% from Europe, 2% from India and remaining 13% from rest of the world.[14] Locations Infosys has 87 global software development centers of which 32 are in India and 55 are outside India. It has 69 sales offices around the world of which 2 are in India and 67 are outside India.[15] In recent years, Infosys has begun shifting operations to the United States and other countries outside of India. In 2012, Infosys announced a new office in Milwaukee, Wisconsin to service Harley-Davidson, being the 18th international office The Headquarters of Infoys is located [16] [17] in the United States. Infosys hired 1,200 United States employees in 2011, and expanded the workforce by an in Bengaluru additional 2,000 employees in 2012. [17] Globally, Infosys has 67 offices across US, India, China, Australia, Japan, Middle East, United Kingdom, Germany, France, Switzerland, Netherlands, Poland, Canada. [18] Products and Services Acquisitions In December 2003, Infosys had acquired Australia-based IT service provider Expert Information Services for $23 million.[19][20] In December 2009, Infosys BPO acquired Atlanta-based McCamish Systems for about $38 million.[21] In January 2012, Infosys BPO acquired Australia-based Portland Group, provider of strategic sourcing and category management services, for about AUD 37 million.[22][23] In September 2012, Infosys acquired Switzerland-based Lodestone Management Consultants for about $345 Glass building in Pune campus million [24] Current shareholding As of 30 June 2013: en.wikipedia.org/wiki/Infosys 3/10 12/10/13 Infosys - Wikipedia, the free encyclopedia Shareholders Shareholding[25] Promoters group 16.04% Life Insurance Corporation of India 06.72% Aberdeen Asset Management PLC 03.89% Abu Dhabi Investment Authority 02.35% Oppenheimer Developing Markets Fund 02.13% Financial Institutions and Individual investors 68.87% Total 100.00% A building in Thiruvananthapuram campus Initiatives Infosys Foundation In 1996, Infosys established the Infosys Foundation, to support the underprivileged sections of society.[26] At the outset, the Infosys Foundation implemented programs in Karnataka. It subsequently covered Tamil Nadu, Andhra Pradesh, Maharashtra, Odisha, and Punjab in a phased manner. A team at the Foundation identifies programs in the areas of Healthcare, Education, Culture, Destitute Care and Rural Development.[27] Academic Entente Infosys' Global Academic Relations team forges Academic Entente (AcE) with academic and partner institutions.[28] It explores co-creation opportunities between Infosys and academia through case studies, student trips and speaking Main block in Chennai campus 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.[29] Infosys Labs Infosys Labs is organized as a global network of research labs and innovation hubs.[30] Infosys Labs collaborates with leading national and international universities such as the University of Southern California Viterbi School of Engineering,[31] University of Cambridge, Queensland University of Technology,[32] University of Illinois at Urbana Champaign, Indian Institute of Technology Bombay, IITB- Monash Research Academy, Purdue University,[33] International Institute of Information Technology, Bangalore.[34] eIn.nwifkiopesdiya.osrg P/wikri/iInzfoesys 4/10 12/10/13 Infosys - Wikipedia, the free encyclopedia Infosys Prize Infosys Prize is an annual award given to scientists, researchers, engineers and social scientists in India. It is given by the Infosys Science Foundation, a not-for- profit trust which was set up in February 2009 by Infosys and some members of its Board. The prize is given under six categories. Each category includes a gold medallion, a citation certificate, and prize money of Rs. 50 Lakh. Employees Infosys has a total of 160,000+ employees as of September 30, 2013. Its workforce consists of employees representing 89 nationalities working from 32 countries.[35] Out of its total workforce, 79% are software professionals, 15% are working in its BPO arm and remaining 5% work for support and sales.[14] The attrition rate of Infosys Ltd., excluding its subsidiaries, for 12 months ending 31 March 2013, was 16.3%.[14] During FY 2012-13, Infosys received 378,994 applications from prospective employees and had a gross addition of 37,036 employees.[36] Training Centre in Mysore As the world's largest corporate university, the Infosys global education centre in the 340 acre[37][38] campus has 500 instructors and 200 classrooms, with international benchmarks at its core.[39] Established in 2002, it had trained around The Development Center in Mysore 100,000 engineering graduates by June 2012.[39] It can train 12,000 employees with 3 batches of 4000 employees for 4 campus months each.[40][41]