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Infosys Overview
Infosys Limited (formerly Infosys Technologies Limited) is an Indian multinational corporation that
provides business consulting, information technology, software engineering and outsourcing services. It is
headquartered in Bangalore, Karnataka.
Infosys is the second-largest India-based IT services company by 2014 revenues, and the fifth largest
employer of H-1B visa professionals in the United States in FY 2013. On 15 February 2015, its market
capitalisation was 263,735 crores ($42.51 billion), making it India's sixth largest publicly traded
company.
Infosys was co-founded in 1981 by Narayan Murthy, Nandan Nilekani, N. S. Raghavan, S.
Gopalakrishnan, S. D. Shibulal, K. Dinesh and Ashok Arora after they resigned from Patni Computer
Systems. The company was incorporated as "Infosys Consultants Pvt Ltd." with a capital of 10,000 or
US$1,250 (about $3,243 in 2015) in Model Colony, Pune as the registered office. It signed its first client,
Data Basics Corporation, in New York. In 1983, the company's corporate headquarters was relocated
from Pune to Bangalore.

Change in name:

The company changed its name to "Infosys Technologies Private Limited" in

April 1992 and to "Infosys Technologies Limited" when it became a public limited company in June
1992. It was later renamed to "Infosys Limited" in June 2011.
An initial public offer (IPO) in February 1993 with an offer price of 95 (equivalent to 350 or US$5.30
in 2015) per share against book value of 20 (equivalent to 74 or US$1.10 in 2015) per share. The
Infosys IPO was under subscribed but it was "bailed out" by US investment bank Morgan Stanley which
picked up 13% of equity at the offer price. Its shares were listed in stock exchanges in June 1993 with
trading opening at 145 (equivalent to 530 or US$8.00 in 2015) per share.
In October 1994, it made a private placement of 5,50,000 shares at 450 (equivalent to 1,500 or US$23
in 2015) each against book value of 10 (equivalent to 34 or 51 US in 2015) 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 10
(equivalent to 24 or 36 US in 2015) each) at US$34 ($48.13 in 2015) 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.

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The share price surged to 8,100 (equivalent to 20,000 or US$290 in 2015) 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.
During July 2003, June 2005 and November 2006, it made secondary ADS issues of US$294 ($376.91 in
2015) million, US$1.07 ($1.29 in 2015) billion and US$1.605 ($1.88 in 2015) billion respectively.
In December 2002,Infosys transferred the listing of its American Depositary Shares (ADS) from the
NASDAQ to the NYSE.
The credit rating of the company is A- (given by Standard & Poor's on 13-Dec-2013).
In February 2015, Infosys announced it would acquire the US automation technology company Panaya
for around $200 million.

Operations
The Headquarters of Infosys is located in Bengaluru
On 31 March 2015, Infosys had 950 clients across 50 countries.
Infosys has a global footprint with offices and development centers across the world.
In 2012, Infosys announced a New Office in Milwaukee, Wisconsin to service Harley-Davidson, being
the 18th international office in the United States. Infosys hired 1,200 United States employees in 2011,
and expanded the workforce by an additional 2,000 employees in 2012.

Products and services

It provides software development, maintenance and independent validation services to
companies in banking, finance, insurance, manufacturing and other domains.
One of its known products is Finacle which is a universal banking solution with various modules

Infosys Prize
The Infosys Prize is an annual award given to scientists, researchers, engineers and social
scientists connected to India. It is given by the Infosys Science Foundation, a non-profit trust

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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. 65 Lakh for retail and corporate banking.

List of CEOs
Vishal Sikka is the CEO and MD of Infosys. Prior to joining Infosys, Dr. Sikka was a member
of the Executive Board of SAP AG and the Global Managing Board, leading all SAP products
and innovation globally. He took over from S.D. Shibulal, one of the founders, on 1 August. He
was inducted as a whole-time director of the Board and CEO & MD (Designate) of Infosys on 14
June. He receives $5.08 Million (30 Crores) and stock options worth $2 million as annual
compensation

Name

Period

N. R. Narayana Murthy 1981 to March 2002

Nandan Nilekani

March 2002 to April 2007

S Gopalakrishnan

April 2007 to August 2011

S D Shibulal

August 2011 to July 2014

Vishal Sikka

August 2014 to date [58]

Current News related to Infosys [1]

On February 4, 2015 in Bengaluru Infosys announced the appointment of Ms Roopa Kudva as an
Independent Member of its Board of Directors.

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Ms. Kudva is the Managing Director and CEO of CRISIL, (a subsidiary of Standard & Poors)
and the seventh Independent Director on the Infosys Board. Carol M Browner, Prof John W.
Etchemendy, Jeffrey Sean Lehman, R Seshasayee, Kiran Mazumdar Shaw and Ravi Venkatesan
are the other six Independent Directors on the Board.
Seshasayee Replaces Kamath as Infosys Chairman [2]
(June 5, 2015)
IT major Infosys Friday appointed Board member R Seshasayee Non-Executive Chairman in
place of K V Kamath, who is set to take over as head of the New Development Bank of the
BRICS group in July.
Seshasayee, whose appointment is with immediate effect, has been an Independent Director on
the company's Board since January 2011 and is the chairperson of the Audit Committee.
Kamath, an eminent banker, is stepping down as Chairman and Independent Director of the
company, consequent to his nomination as President of the New Development Bank, the
company said in a release.
Seshasayee's other board positions include Non-Executive Vice-Chairman of Ashok Leyland and
Chairman of IndusInd Bank.
Kamath said: "I am proud to have served as a member of the Infosys Board and as its
Chairman... the Board has made the most appropriate choice in nominating Mr Seshasayee as my
successor."
Kamath noted that given Seshasayee's vast and varied experience in leading large public
companies and his strong contribution during the past four years of his association, "Infosys will
benefit greatly from his sagacity".
Infosys CEO & Managing Director Vishal Sikka thanked Kamath for his extraordinary
contribution to Infosys over the years and wished him the very best. "He has been a great mentor

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to me personally and I look forward to his continued guidance as a well-wisher of this company,"
he said.
"I warmly welcome Mr Seshasayee's appointment as Chairman. We have a lot to do and I am
excited to work with him to accelerate our plans for future."
Kamath succeeded N R Narayana Murthy as the Non-Executive Chairman of Infosys on October
11, 2014.
"I look forward to working even more closely with the Infosys Board and management team as
we navigate this period of transformation for the company," Seshasayee said.

Management Team of Infosys[3]

Name

Designation

A G S Manikantha

Company Secretary

A G S Manikantha

Secretary

Abdul Razak

Senior Vice President & Head

Carol M Browner

Independent Director

David D Kennedy

Executive Vice President

Jeffrey S Lehman

Independent Director

John W Etchemendy

Independent Director

Kiran Mazumdar Shaw

Independent Director

Navin Budhiraja

Vice President & Head

R Seshasayee

Non-Executive Chairman

Rajiv Bansal

Chief Financial Officer

Ravi Venkatesan

Independent Director

Ritika Suri

Vice President & Global Head

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Roopa Kudva

Independent Director

S Ravi Kumar

Exe. Vice President & Global Head

Sanjay Purohit

Senior Vice President & Global Head

Sanjay Rajagopalan

Vice President & Head

Srikantan Moorthy

Exe. Vice President & Global Head

Sudip Singh

Vice President & Head

U B Pravin Rao

Whole Time Director & COO

Vishal Sikka

CEO

Vishal Sikka

Managing Director & CEO

Infosys Partners GE to Develop Solutions for Internet of Things [2]

Indo-Asian News Service , 1 October 2015

Infosys Ltd. on Wednesday said it has developed solutions for Internet of Things (IoT) to benefit
from huge data generated by connected devices in the industrial enterprise.
"We have collaborated with GE (General Electric) a digital industrial behemoth, to develop the
solutions, which help industrial enterprises improve efficiency and build intelligent linkages
between design, production and testing," the IT bellwether said in a statement from San
Francisco, US.
The Industrial Internet Consortium, an international body of industries, governments and
academics focused on developing best practices for the Industrial Internet, recently approved two
Infosys-led test beds.
"The asset efficiency test bed enables monitoring, analysis and optimisation of infrastructure
assets. Its first use focuses on predictive maintenance of an industrial asset like an aircraft
landing gear," the statement said.
Likewise, the industrial digital thread test bed builds more intelligent linkages for manufacturing
from design, production and field service.
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"By capturing, analysing and relaying real-time sensory and data, the industrial digital thread
will generate insights to help field engineers and service teams identify the cause of component
failure and provide faster corrections to flaws in design engineering and manufacturing
operations," the statement said.
According to GE's chief digital officer Bill Ruh, the consortium was set up to help enterprises
break down technology barriers and support integration of the physical and digital worlds.
"We see brilliant manufacturing as the next wave of industrial internet innovation, following
asset performance management. We are partnering with Infosys to drive efficiency and
productivity for the industry," Ruh said.
The consortium was set up to help organisations break barriers of technology silos and support
better integration of the physical and digital worlds.
Infosys chief executive officer Vishal Sikka said: "The IoT is about dissolving complexity and
intermediaries that create distance between the point of manufacturing and consumption,
between understanding and preventing points of failure in the manufacturing process, in
machines or in critical processes."
References:[1] The Hindu Business Line News Paper.
[2] Gadget 360 an NDTV Venture.
[3] Economic Times (Et-Market beta)

Prepared By: Chetan Siyota