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Infosys

Infosys: A Technological Titan Navigating Controversy Infosys Limited, an Indian multinational technology giant, has established itself as a prominent player in the global IT landscape since its inception in 1981. Headquartered in Bengaluru, the company provides a diverse range of services, encompassing business consulting, information technology, and outsourcing solutions. Its significant growth is underscored by its achievement in August 2021, becoming only the fourth Indian company to reach a US$100 billion market capitalization. Currently, it holds the position of the second-largest Indian Big Tech company by both revenue and market capitalization, reflecting its considerable influence in the sector. However, Infosys' trajectory hasn't been without its challenges. The company has faced accusations of visa and tax fraud in the United States, impacting its public image. Further scrutiny has arisen from allegations of malfunctioning government websites developed by the company. These controversies highlight the complexities faced by large multinational corporations operating in a globally competitive and regulated environment. The company's future success will depend not only on its technological prowess but also its ability to navigate and address these reputational risks effectively. The ongoing balancing act between growth and accountability remains a defining feature of Infosys' narrative.

Infosys Overview

Image Source : Wikipedia
  • Company type Public
  • Industry Information technologyConsulting, Outsourcing
  • Founded 2 July 1981
  • Founders N. R. Narayana Murthy, Nandan Nilekani, Kris Gopalakrishnan, S. D. Shibulal, K. Dinesh, N. S. Raghavan, Ashok Arora
  • Headquarters Bengaluru, Karnataka, India
  • Area served Worldwide
  • Key people Nandan Nilekani (Chairman), Salil Parekh (MD &amp
  • Revenue ₹158,381 crore (US$18 billion) (2024)
  • Net income ₹26,248 crore (US$3.0 billion) (2024)
  • Number of employees 317,240 (March 2024)
  • Website www.infosys.com

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Infosys history

Last Updated : 20/03/25, 07:00 AM
Infosys: From Pune Startup to Global IT Giant Infosys, launched in Pune in 1981 by seven engineers with a modest $250 capital, embarked on a remarkable journey. Initially registered as Infosys Consultants Private Limited, the company relocated to Bangalore in 1983 and transitioned to Infosys Technologies Limited in 1992, going public the following year. Its initial public offering, initially undersubscribed, received a crucial boost from Morgan Stanley, propelling its share price significantly. The company's Nasdaq listing in 1999, a first for an Indian company, cemented its global presence, leading to a surge in its share price and establishing it among the top Nasdaq companies by market capitalization. Subsequently, its ADR listing shifted to NYSE Euronext to enhance accessibility for European investors. Significant milestones included visits from prominent figures like former British Prime Minister David Cameron and the establishment of offices in the US, notably serving clients like Harley-Davidson. Expansion continued with the launch of EdgeVerve Systems, a subsidiary dedicated to enterprise software, and strategic asset transfers. Infosys's revenue growth has been exponential, crossing US$10 million in FY 1995, US$100 million in FY 1999, US$1 billion in FY 2004, and US$10 billion in FY 2017. In FY 2023, the company reached US$18 billion in revenue. Its recent foray into AI with the launch of the Aster platform further demonstrates Infosys's commitment to technological innovation.
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