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Infosys Technologies Limited (BSE: 500209, NASDAQ: INFY) is an information technology services company headquartered in Bangalore, India.

Infosys is one of the largest IT companies in India with 113,796 employees (including subsidiaries) as of 2010.[2] It has offices in 22 countries and development centres in India, China, Australia, UK, Canada and Japan was founded on 2 July 1981 by seven entrepreneurs N R Narayana Murthy, K Dinesh and Ashok Arora with N. S. Raghavan officially being the first employee of the company. Founders started the company with an initial investment of INR 10,000 [4]. The company was incorporated as "Infosys Consultants Pvt Ltd." in Model Colony, Pune as the registered office[5]

Infosys headquarters in Bangalore, India Infosys went public in 1993. Interestingly, 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 of Rs. 95 per share [6]. The share price surged to Rs. 8,100 by 1999. By the year 2000 Infosys's shares touched Rs. 15,600 before the catastrophic incident of 9/11, changed all that.[7] According to Forbes magazine, since listing on the Bombay Stock Exchange till the year 2000, Infosys' sales and earnings compounded at more than 70% a year.[8] In the year 2000, President of the United States Bill Clinton complimented India on its achievements in high technology areas citing the example of Infosys.[9] In 2001, it was rated Best Employer in India by Business Today.[10]. Infosys was rated best employer to work for in 2000, 2001, and 2002 by Hewitt Associates. In 2007, Infosys received over 1.3 million applications and hired fewer than 3% of applicants.[11] Infosys won the Global MAKE (Most Admired Knowledge Enterprises) award, for the years 2003, 2004 and 2005, being the only Indian company to win this award and is inducted into the Global Hall of Fame for the same.[12][13] BusinessWeek reported that Infosys, along with Wipro and TCS accounted for nearly 80% of the [H1B] visa petitions approved in 2007 for the top 10 participants in the program.[14] In 2010, reports were published on the growing resentment among Infosys employees on the internal company policies.[15][16]

[edit] Initiatives
Infosys has the largest corporate university in the world,located on its Mysore campus.[17] In 1996, Infosys created the Infosys Foundation in the state of Karnataka, operating in the areas of health care, social rehabilitation and rural uplift, education, arts and culture. Since then, this foundation has spread to the Indian states of Tamil Nadu, Andhra Pradesh, Maharashtra, Kerala, Orissa and Punjab. The Infosys Foundation is headed by Mrs. Sudha Murthy, wife of Founder Cum Chief Mentor Narayana Murthy.

Since 2004, Infosys has embarked on a series of initiatives to consolidate and formalize its academic relationships worldwide under the umbrella of a program called AcE - Academic Entente[18]. Infosys' Global Internship Program, known as InStep, is one of the key components of the Academic Entente initiative. It offers live projects to interns from the universities around the world. InStep recruits undergraduate, graduate and PhD students from business, technology, and liberal arts universities to take part in an 8 to 24 week internship at one of Infosys' global offices. InStep interns are also provided career opportunities with Infosys. In 1997, Infosys started the "Catch them Young Programme", to expose the urban youth to the world of Information Technology by conducting a summer vacation programme. The programme is aimed at developing an interest and understanding of computer science and information technology. This programme is targeted at students in Grade IX level.[19]

In 2002, the Wharton Business School of the University of Pennsylvania and Infosys started the Wharton Infosys Business Transformation Award. This technology award recognizes enterprises and individuals who have transformed their businesses and the society leveraging information technology. Past winners include Samsung, Amazon.com, Capital One, RBS and ING Direct. Infosys has the largest corporate education center in the world in Mysore. It can accommodate 14000 candidates at one time.[20] In 2009, Infosys created Infosys Prize for excellence in Physical Sciences, Mathematical Sciences, Engineering and Computer Science, Life Sciences and Social Sciences. [21]

History
Established in 1981, Infosys is a NASDAQ listed global consulting and IT services company with more than 114,000 employees. From a capital of US$ 250, we have grown to become a US$ 4.8 billion company with a market capitalization of approximately US$ 33 billion. In our journey of over 29 years, we have catalyzed some of the major changes that have led to India's emergence as the global destination for software services talent. We pioneered the Global Delivery Model and became the first IT company from India to be listed on NASDAQ. Our employee stock options program created some of India's first salaried millionaires. Read more about the defining moments in Infosys' history. Milestones 2009 Infosys selected as a member of The Global Dow Employee strength grows to over 100,000 2008 Infosys crosses revenues of US$ $ 4.18 billion Annual net profits cross US$ 1 billion 2007

Infosys crosses revenues of US$ 3 billion. Employees grow to over 70,000+ Kris Gopalakrishnan, COO, takes over as CEO. Nandan M. Nilekani is appointed CoChairman of the Board of Directors Opens new subsidiary in Latin America Reports Q2 revenue of over US$ 1billion 2006 Infosys celebrates 25 years. Revenues cross US$ 2 billion. Employees grow to 50,000+ N. R. Narayana Murthy retires from the services of the company on turning 60. The Board of Directors appoints him as an Additional Director. He continues as Chairman and Chief Mentor of Infosys 2005 Records the largest international equity offering of US$ 1 billion from India Selected to the Global MAKE Hall of Fame 2004 Revenues reach US$ 1 billion Infosys Consulting Inc. is launched 2003 Establishes subsidiaries in China and Australia Expands operations in Pune and China, and sets up a Development Center in Thiruvananthapuram 2002 Touches revenues of US$ 500 million Nandan M. Nilekani takes over as CEO from N.R. Narayana Murthy, who is appointed Chairman and Chief Mentor Opens offices in The Netherlands, Singapore and Switzerland Sponsors secondary ADS offering 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 2001 Touches revenues of US$ 400 million. 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

2000 Touches revenues of US$ 200 million Opens offices in France and Hong Kong, a global development center in Canada and UK, and three development centers in the US Re-launches Banks 2000, the universal banking solution from Infosys, as Finacle 1999 Touches revenues of US$ 100 million. Listed on NASDAQ Infosys becomes the 21st company in the world to achieve a CMM Level 5 certification Opens offices in Germany, Sweden, Belgium, Australia, and two development centers in the US Infosys Business Consulting Services is launched 1998 Starts enterprise solutions (packaged applications) practice 1997 Opens an office in Toronto, Canada Infosys is assessed at CMM Level 4 1996 The Infosys Foundation is established 1995 Opens first European office in the UK and Global Development Centers at Toronto and Mangalore. Sets up e-Business practice 1994 Moves corporate headquarters to Electronics City, Bangalore. Opens a Development Center at Fremont 1993 Introduces Employee Stock Options (ESOP) program Acquires ISO 9001/TickIT certification Goes public 1987 Opens first international office in Boston, US

1983 Relocates corporate headquarters to Bangalore 1981 Infosys is established by N. R. Narayana Murthy and six engineers in Pune, India, with an initial capital of US$ 250 Signs up its first client, Data Basics Corporation, in New York

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