History of Infosys Ltd.

26 February 2024
7 min read
History of Infosys Ltd.
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India’s IT sector has been a key player in the development of the country's economy. One such driver who has contributed to this domain since its inception has been Infosys Ltd.

Led by Mr N.R. Narayana Murthy and his proficient team of tech professionals, Infosys has been a global leader. From 1981 till date, the company has outperformed in terms of tech innovations, global consultancy and IT services, philanthropy and many more.

Let’s dive deeper into the journey and discover the History of Infosys Ltd.

Brief Information About Infosys Ltd.

Here are the key Infosys company details-

Year Of Foundation

1981

Name Of Infosys Founder

Mr. N.R. Narayana Murthy

Headquarter

Bengaluru

Leading Team

  • Nandan M. Nilekani, Co-founder and Chairman of the Board
  • Salil Parekh, CEO and MD
  • D. Sundaram, Lead Independent Director

Market Capitalization

Over 6.21 trillion INR

No. Of Employees

Over 328k

Number Of Countries Present In

Over 50 Countries

Note: The details mentioned in the table above are as of 11th January 2023.

Infosys Company History

With solid management, global presence, remarkable revenue, and consistency, Infosys Ltd has been a top performer across the globe. From a team of a few engineers in Pune to a global leader, the company has come a long way. Let’s have a look at its history here.

Timeline of Infosys History

Here are some of the highlights of the Infosys company history-

  • Year 1981 - Infosys was established by Mr N.R. Narayana Murthy along with a team of 6 engineers in Pune with a seed capital of US$250. It signed up its first client in the same year, named Data Basics Corporation
  • Year 1983 - The Company’s headquarters was moved to Bengaluru.
  • Year 1987 - It established its first-ever international office in Boston, United States.
  • Year 1993 - It introduced ESOPs program, acquired ISO9001/TickIT Certification and finally went Public.
  • Year 1994 - It moved its corporate headquarters to Electronic City, Bangalore and opened a Development Centre at Fremont.
  • Year 1996 - The Infosys Foundation was established.
  • Year 1997 - The company was assessed at CMM Level 4.
  • Year 1998 - Started Enterprise Solutions practice
  • Year 1999 -
    - Infosys touched US$100 million in revenue. The company also listed on NASDAQ.
    - The company became the 21st one across the world to bag a CMM Level 5 Certification.
    - Infosys Business Consulting Services was launched
  • Year 2000 - It touched US$200 million in revenue. It opened offices in France, Hongkong and a Global Development Centre in Canada and the UK, and also 3 Development centres in the US.
  • Year 2002 - It touched US$400 million in revenue. This year, Infosys was rated as the Best Employer by Business World/Hewwit.
  • Year 2004 - The company touched an annual revenue of over US$1 billion. It also launched Infosys Consulting in the same year.
  • Year 2005 - It recorded the largest equity offering, US$1 billion, from India. In the same year, Infosys was selected for the Global MAKE Hall of Fame.
  • Year 2006 - Infosys company completed its 25 years and also crossed the mark of US$2 billion in annual revenue. In this year, Mr N.R. Narayana Murthy retired from his service. The Board of Directors appointed him as an Additional Director. Currently, he continues to be the Chairman and Chief Mentor of the company.
  • Year 2007 - Mr Kris Gopalakrishnan (COO) took over the position of CEO. Also, Mr Nandan Nilekani was appointed as the Co-Chairman of the Board of Directors this year.
  • Year 2009 - The company was selected as a member of the Global Dow.
  • Year 2011 - Mr N.R. Narayana Murthy handed over the chairmanship to Mr K.V. Kamath. The same year, S.D. Shibulal, COO, took over as the CEO and MD from Kris Gopalakrishnan.
  • Year 2012 - Infosys got listed on the NYSE market. It also got ranked among the top 25 performing companies in the Caring for Climate Initiative.
  • Year 2013 - The Board appointed N. R. Narayana Murthy as Executive Chairman this year. In the same period, Infosys began trading on the NYSE Euronext London and Paris markets.
  • Year 2014 - Dr Vishal Sikka took over as the CEO and MD from S.D. Shibulal. In this year, the Board decided to raise the dividend payout ratio to up to 40% of post-tax profits.
  • Year 2015 - The Board decided to raise the dividend payout ratio to up to 50% of post-tax profits. In the same year, the company acquired Skava and Panaya.
  • Year 2016 - The company launched Infosys Mana (part of Infosys Nia now) and Skava Commerce.
  • Year 2017 - It completed its equity share buyback of Rs 13,000 crores, which amounted to 4.92% of total outstanding equity shares. This year also marked the appointment of Mr Salil Parekh as CEO and MD.
  • Year 2018 - It completed 25 years of listing on the Indian Stock exchanges.
  • Year 2019 - Infosys ranked Number 3 on Forbes ‘World’s Best Regarded Companies’ list.
  • Year 2021 - Infosys crossed Rs 100,000 crore in revenue. It also was recognised as a Global Top Employer 2021 by the Top Employers Institute. The company launched Infosys Cortex, a Cloud-first customer engagement platform.
  • Year 2022 - It was recognised as one of the World’s Most Ethical Companies by Ethisphere. It also acquired BASE life science and Digital Experience and Marketing Agency, Oddity.
  • Year 2023 - The company ranked in the top 3 IT Services brands in the world by Brand Finance.

Subsidiaries of Infosys 

The following table illustrates some of the subsidiaries of Infosys-

S.No.

Infosys Subsidiaries

1.

EdgeVerve System Limited
It develops software products and delivers them on-premise or as cloud-hosted business platforms

2.

Infosys BPM Ltd
It offers integrated end-to-end outsourcing and provides transformational advantages

3.

Infosys Consulting Holding AG
It offers to assist companies in strategising and managing technology-enabled transformation programs

4.

Infosys Public Services Inc.
It is a U.S.-based subsidiary offering business consulting, technology solutions, and many more services

5.

Infosys Consulting Ltda
It offers innovative business solutions that leverage technology and infrastructure

6.

Infosys Technologies (Australia) Pty. Limited
(presently under liquidation as the business is merged with Infosys Limited)
It offers next-generation digital services and consulting

7.

Infosys Technologies (China) Co. Limited
It offers global consulting and IT services

8.

Infosys Technologies (Shanghai) Co. Limited
It offers technology solutions and digital transformation strategies to companies

9.

Infosys Technologies (Sweden) AB
It provides technology-driven business solutions

10.

Infosys Technologies S. de R.L. de C.V.
It offers various services that include application development, PMO, BPO, infrastructure management, application testing, ERP, etc.

11.

Panaya
It is a software as a service (SaaS) company offering SaaS-related products

12.

Noah Consulting, LLC
It is a top provider of advanced information management consulting services

13.

BASE life science
It provides specialized management consulting services

Conclusion

The journey of Infosys company has been revolutionary. From bringing several innovations in the world of technology to winning numerous accolades in the field of philanthropy, Infosys Ltd has been an all-rounder. It has broken innumerable barriers to transform the IT and Consulting sector.

From several ups and downs, the company has always emerged as a winner and continues its legacy to date.

You May Also Be Interested to Know

1.

History of Tata Company

2.

History of ITC Group

3.

History of Adani Group

4.

History of Reliance Group

5.

History of Hindustan Unilever

Disclaimer

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