Thursday, July 14, 2011

Infosys Limited

Infosys Limited, formerly Infosys Technologies Limited is a global technology services company headquartered in Bangalore (Bengaluru), India. Infosys is the second largest IT company in India with 130,820 employees (including subsidiaries) as of March 2011. Infosys is ranked 28th globally, in the list of IT services providing firms. It has offices in 33 countries and development centers in India, China, Australia, UK, Canada, Brazil and Japan.The company offers software products for the banking industry and business process management services also provides end-to-end business solutions

History
Infosys was founded on 2 July 1981 by seven entrepreneurs, N. R. Narayana Murthy, Nandan Nilekani, Kris Gopalakrishnan, S. D. Shibulal, K Dinesh, Ashok Arora, and with N. S. Raghavan officially being the first employee of the company. The founders started the company with an initial investment of INR 10,000.The company was incorporated as "Infosys Consultants Pvt Ltd." in Model Colony, Pune as the registered office.
Infosys headquarters in Bengaluru, India
According to Forbes magazine, since listing on the Bombay Stock Exchange in 1993 till the year 2000, Infosys' sales and earnings compounded at more than 70% a year.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 along with Wipro and Satyam Computers.[7] Infosys will invest $100 million (Rs 440 crore) on establishing a 20,000-seater campus in Shanghai.
In 2001, it was rated Best Employer in India by Business Today.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.
Infosys was the only Indian company to win the Global MAKE (Most Admired Knowledge Enterprises) award for the years 2003, 2004 and 2005, and is inducted into the Global Hall of Fame for the same.

Current share holding

Promoters and their families hold 16% of Infosys stock. Life Insurance Corporation of India with 3.84% is the single largest share holder. Abu Dhabi Investment Authority, a sovereign wealth fund owned by Abu Dhabi and the Government of Singapore also holds significant shares. The rest of the shares are owned by Financial institutions and individual investors. According to latest news, Infosys is the fourth biggest company in India in market wealth.