Infosys: Difference between revisions

Content deleted Content added
Coder m (talk | contribs)
mNo edit summary
 
Line 1:
{{Short description|Indian multinational technology company}}
{{pp-vandalism|expiry=20:10, 31 December 2016|small=yes}}
{{Use Indian English|date=April 2014}}
{{Use dmy dates|date=FebruaryOctober 20142020}}
{{Infobox company
| name = Infosys LtdLimited
| logo = [[File:Infosys logo.svg|200px|Infosys logo]]
| logo_alt = Infosys Logo
| type = [[Public limited company|Public]]
| logo_size = 175px
| traded_as = {{BSE|500209}}<br />{{NSE|INFY}}<br />{{NYSE|INFY}}<br />[[BSE SENSEX|BSE SENSEX Constituent]]<br />[[CNX Nifty|CNX Nifty Constituent]]
| image = Infosys (4911287704).jpg
| location_city = [[Electronic City]], [[Bengaluru]], [[Karnataka]]
| image_alt = Infosys Pyramid
| location_country = [[India]]
| image_caption = Headquarters in [[Bengaluru]]
| founder = {{Unbulleted list|[[N. R. Narayana Murthy]]|[[Nandan Nilekani]]|[[N. S. Raghavan]]|[[S. Gopalakrishnan]]|[[S. D. Shibulal]]|K. Dinesh|Ashok Arora}}
| image_size = 250px
| foundation = 7 July 1981
| former_name = Infosys Consultants (1981–1992)<br>Infosys Technologies (1992–2011)<ref>{{Cite web |date=2023-10-12 |title=Not Just Narayana Murthy, Here's The Untold Story Of Infosys' Six Other Co-Founders |url=https://www.indiatimes.com/worth/news/untold-story-of-infosys-co-founders-617481.html |access-date=12 October 2023 |website=IndiaTimes }}</ref>
| area_served = Worldwide
| type = [[Public company|Public]]
| key_people = [[Vishal Sikka]] ([[Chief Executive Officer|CEO]] & [[Managing Director|MD]])
| traded_as = {{Unbulleted list|{{BSE|500209}}|{{NSE|INFY}}|{{NYSE|INFY}}|[[BSE SENSEX]] constituent|[[NIFTY 50|NSE NIFTY 50]] constituent}}
| industry = [[IT service management|IT services]], [[Information technology consulting|IT consulting]]
| ISIN = {{ISIN|sl=n|pl=y|INE009A010321}}
| services = IT, [[business consulting]] and [[outsourcing]] services
| industry = [[Information technology]] [[Consulting]]<br>[[Outsourcing]]
| revenue = {{Increase}} {{USD|9.501 billion|link=yes}} (2016)<ref name=6-K>{{cite web|url=https://www.infosys.com/investors/financials/Pages/financials-ifrs.aspx|title=Infosys Financial Statements 2016|publisher=Infosys Ltd}}</ref>
| foundation = {{Start date and age|2 July 1981}} in [[Pune]], India
| operating_income = {{Increase}} {{USD|2.375 billion}} (2016)<ref name=6-K/>
| founders = {{Unbulleted list|[[N. R. Narayana Murthy]]|[[Nandan Nilekani]]|[[Kris Gopalakrishnan]]|[[S. D. Shibulal]]|K. Dinesh|[[N. S. Raghavan]]|Ashok Arora}}
| net_income = {{Increase}} {{USD|2.052 billion}} (2016)<ref name=6-K/>
| hq_location_city = [[Bengaluru]], [[Karnataka]]
| assets = {{Increase}} {{USD|11.378 billion}} (2016)<ref name=6-K/>
| hq_location_country = India
| equity = {{Increase}} {{USD|9.324 billion}} (2016)<ref name=6-K/>
| area_served = Worldwide
| num_employees = 199,829 (September 2016)<ref>{{cite web |url=https://www.infosys.com/investors/reports-filings/quarterly-results/2016-2017/q2/Documents/fact-sheet.pdf|title=Consolidated Financial Data - Second Quarter, Fiscal 2017 |accessdate=23 November 2016}}</ref>
| key_people = [[Nandan Nilekani]]<br> {{small|([[Chairman]])}}<br>[[Salil Parekh]]<br>{{small|([[Managing Director|MD]] & [[Chief Executive Officer|CEO]])}}<ref>{{cite news|title=Infosys appoints Salil S. Parekh as CEO and Managing Director|newspaper=The Economic Times |url=https://economictimes.indiatimes.com/news/company/corporate-trends/infosys-appoints-salil-s-parekh-as-ceo-and-managing-director/articleshow/61892804.cms|access-date=2 December 2015|archive-url=https://web.archive.org/web/20171202161427/https://economictimes.indiatimes.com/news/company/corporate-trends/infosys-appoints-salil-s-parekh-as-ceo-and-managing-director/articleshow/61892804.cms|archive-date=2 December 2017|url-status=live}}</ref>
| divisions = [[Infosys BPO Limited]]<br />[[Lodestone Management Consultants]]
| services =
| homepage = {{URL|http://www.infosys.com/}}
| revenue = {{Increase}} {{INRConvert|166590|c}} (2025)
| intl = yes
| operating_income = {{Increase}} {{INRConvert|37608|c}} (2025)
| net_income = {{Increase}} {{INRConvert|26750|c}} (2025)
| assets = {{Increase}} {{INRConvert|148903|c}}
| assets_year = 2025
| equity = {{Increase}} {{INRConvert|96203|c}}
| equity_year = 2025
| num_employees = 323,578 (March 2025)<ref>{{cite news |title=Infosys adds 199 employees in Q4, headcount up for third consecutive quarter |url=https://www.moneycontrol.com/technology/infosys-adds-199-employees-in-q4-headcount-up-for-third-consecutive-quarter-article-12997417.html |access-date=23 July 2025 |work=Moneycontrol}}</ref>
| divisions = {{Unbulleted list|[[Infosys Consulting]]|[[Infosys BPM]]|[[EdgeVerve Systems]]}}
| products = {{hlist|[[Finacle]]|[[Panaya]]}}
| footnotes = Financials {{as of|2025|03|31|lc=y|df=yes}}.<ref>{{cite web |title=Results For The Quarter And Year Ended March 31, 2025 |url=https://www.bseindia.com/xml-data/corpfiling/AttachLive/b1d733ba-5cdf-415d-89f7-d7161b4c03b5.pdf |website=BSE |publisher=Infosys |access-date=17 April 2025}}</ref>
| homepage = {{URL|https://infosys.com}}
}}
 
'''Infosys Limited''' (formerly '''Infosys Technologies Limited''') is an Indian [[multinational corporation|multinational]] [[technology company]] that providesoffers [[businessinformation consultingtechnology]], [[informationbusiness technologyconsulting]], and [[outsourcing]] services. ItFounded hasin 1981 by seven engineers, the maincompany headquarteris headquartered in [[Bengaluru]], [[Karnataka]].<refand name=Infosys_Overview>{{citeconsidered webone of |title=Infosysthe Overview[[Big | url=http://www.infosys.com/about/Pages/index.aspxTech (India)|publisher=InfosysBig |accessdate=9Six]] JuneIndian 2014}}</ref>IT companies.
 
Infosys is the second-largest Indian IT services company by 2016 revenues,<ref>{{cite web | title=Top 5 India-Based IT Services Providers' Worldwide Revenue, 2012 | url=http://www.forbes.com/sites/saritharai/2015/07/21/indias-2nd-largest-it-services-firm-infosys-could-be-coming-out-of-its-growth-funk/#1baa5a97412b |publisher=Gartner |accessdate=9 June 2014}}</ref> and the largest employer of [[H-1B visa]]<ref>{{cite web|url=http://www.myvisajobs.com/Reports/2015-H1B-Visa-Sponsor.aspx|publisher=|accessdate=2 July 2015}}</ref><ref>{{cite web|url=http://consultantdb.com/h1b_sponsor/INFOSYS-TECHNOLOGIES-LIMITED/|title=INFOSYS TECHNOLOGIES LIMITED|publisher=|accessdate=2 July 2015}}</ref> professionals in the United States.<ref>{{cite web|title=Top 10 Employers|url=http://www.foreignlaborcert.doleta.gov/pdf/Statistics_FY%202013_YTD_Q4_final.pdf |work=H-1B Temporary Visa Program&nbsp;— Selected Statistics, FY 2013 |publisher=OFFICE OF FOREIGN LABOR CERTIFICATION |accessdate=8 June 2014}}</ref>
On 15 February 2015, its [[market capitalisation]] was {{INR}} 263,735 crores ($42.51 billion), making it India's sixth largest publicly traded company.<ref>{{cite web |publisher=ycharts.com |title=Infosys Market Cap (INFY) |url=http://ycharts.com/companies/INFY/market_cap |accessdate=8 June 2014}}</ref><ref>{{cite web |title=Top 100 Companies by Market Capitalization BSE |url=http://www.bseindia.com/markets/equity/EQReports/TopMarketCapitalization.aspx?expandable=3 |publisher=BSE |accessdate=15 February 2015}}</ref><ref>{{cite web |publisher=NDTV |title=Infosys Q2 Profit Rises to Rs. 3,096 Crore, Shares Jump on Bonus Issue.
|url=http://profit.ndtv.com/news/corporates/article-infosys-q2-profit-rises-to-rs-3-096-crore-shares-jump-on-bonus-issue-677326 |accessdate=10 October 2014}}</ref>
 
==History==
Co-foundedInfosys inwas 1981founded by 7 Engineers [[N. R. Narayana Murthy]], [[Nandan Nilekani]], [[N. S. Raghavan]], [[S.Kris Gopalakrishnan]], [[S. D. Shibulal]], K. Dinesh, [[N. S. Raghavan]], and Ashok Arora, afterwith theyan resignedinitial fromcapital [[Patniof Computer$250. Systems]]Ashok Arora left the company in 1989.<ref>http{{cite news|title=There’s life after Infosys|author=Bibhu Ranjan Mishra|url=https://www.actnownewsbusiness-standard.com/thearticle/technology/there-s-life-after-infosys-story/ {{dead link109070600021_1.html|datepublisher=DecemberBusiness 2016Standard, 7 September, 2013}} </ref><ref>{{cite web |url=http://articleswww.economictimes.indiatimesrediff.com/2002business/slide-10-18show/news/27336198_1_pcsslide-narenshow-patni1-patnitech-computermajor-systemsevents-in-the-history-of-infosys/20130602.htm#1 |title=MurthyMajor toevents Patni,in withthe lovehistory of Infosys |workpublisher=TheRediff.com Economic TimesBusiness |access-date=187 October 20022017 |accessdatearchive-url=30https://web.archive.org/web/20171007171414/http://www.rediff.com/business/slide-show/slide-show-1-tech-major-events-in-the-history-of-infosys/20130602.htm#1 November|archive-date=7 October 2017 |url-status=live 2014}}</ref> The companyIt was incorporated as "Infosys Consultants PvtPrivate Ltd." with a capital of {{Indian Rupee}}10,000 or {{US$|250|year=1981|about=yes}}Limited in Model Colony, [[Pune]] ason the2 registeredJuly office.1981,<ref name="Company hyHistory of Infosys">{{cite web |url=http://www.rediffmoneycontrol.com/moneycompany-facts/2006infosys/julhistory/11sld2.htmIT#IT |title=TheCompany amazing success storyHistory of Infosys |publisher=RediffMoneycontrol.com |accessdateaccess-date=307 NovemberOctober 2014}}<2017 |archive-url=https:/ref>/web.archive.org/web/20171007171610/http://www.moneycontrol.com/company-facts/infosys/history/IT#IT It|archive-date=7 signedOctober its2017 first|url-status=live client,|last1=Com Data|first1=Moneycontrol Basics}}</ref> Corporation,before inrelocating to [[New York CityBangalore]] in 1983.<ref name=NDTV_InfyHistory>{{cite web |url=http://profitwww.ndtvinfosys.com/stockabout/infosys-ltd_infyPages/reportshistory.aspx |title=Reports,About CompanyInfosys History,|publisher=Infosys Directors|access-date=23 Report, Chairman's Speech, Auditors Report of InfosysSeptember 2013 |publisherarchive-url=NDTVProfithttps://web.archive.org/web/20130927071331/http://www.infosys.com/about/Pages/history.aspx |accessdatearchive-date=3027 NovemberSeptember 2013 |url-status=live 2014}}</ref> In 1983, the company's corporate headquarters was relocated from [[Pune]] to [[Bengaluru]].<ref name=NDTV_InfyHistory />
 
In the 1980s, Infosys briefly made hardware products like electronic [[telex]] machines and keyboard [[concentrator]]s.<ref>{{cite news |title=Infosys’ hardcore 80s: When the company had a hardware business |url=https://economictimes.indiatimes.com/tech/ites/infosys-hardcore-80s-when-the-company-had-a-hardware-business/articleshow/48137889.cms |access-date=23 July 2025 |work=The Economic Times |date=20 July 2015}}</ref><ref>{{cite news |title=Infosys link to telegram service |url=https://www.thehindu.com/news/national/karnataka/infosys-link-to-telegram-service/article4912659.ece |access-date=23 July 2025 |work=The Hindu |date=14 July 2013 |language=en-IN}}</ref> Its core business of [[offshore custom software development]] witnessed growth after the 1991 [[Economic liberalisation in India|economic liberalisation of India]].<ref>{{cite news |last1=Srikanth |first1=Chandra R. |title=In 1990, there was an offer to buy us out for Rs 2 crore. Infosys has Rs 6.5 lakh crore m-cap now: NR Narayana Murthy on 1991 reforms |url=https://www.moneycontrol.com/news/business/nr-narayana-murthy-1991-reforms-impact-economic-liberalisation-infosys-7194741.html |access-date=23 July 2025 |work=Moneycontrol |date=21 July 2021}}</ref>
'''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.<ref>{{cite web|url=http://www.infosys.com/about/Pages/history.aspx |title=About Infosys |publisher=Infosys |accessdate= 23 September 2013}}</ref>
 
AnIn February 1993, Infosys launched its [[initial public offeroffering]] ([[IPO]]) in February 1993 with an offer price of {{INRConvert|95|year=1993}} per share against book value of {{INRConvert|20|year=1993INR}}95 per share. The Infosys IPO was underinitially subscribedundersubscribed but it was "bailed out" by US investment bank [[Morgan Stanley]], which pickedacquired upa 13% ofequity equitystake at the offer price.<ref name=in.com_ITL_Bio>{{cite web |title=Infosys Technologies Bio |publisher=in.com |url=http://www.in.com/infosys-technologies/biography-1818.html |accessdateaccess-date=7 July 2013 |archive-url=https://web.archive.org/web/20130722234644/http://www.in.com/infosys-technologies/biography-1818.html |archive-date=22 July 2013 |url-status=dead}}</ref> ItsWhen sharestrading were listed in stock exchangesbegan in June 1993, withthe tradingshare price openingopened at {{INRConvert|145|year=1993INR}}145 per share.<ref>{{cite web |title=Equity Shares Information |publisher=Infosys |url=http://www.infosys.com/investors/investor-services/Pages/FAQs.aspx |accessdateaccess-date=7 July 2013 |archive-url=https://web.archive.org/web/20130622152112/http://www.infosys.com/investors/investor-services/Pages/FAQs.aspx |archive-date=22 June 2013 |url-status=dead }}</ref>
 
Infosys released its banking automation software package Bancs2000 in 1994,<ref name="finacle">{{cite web |last1=Trimble |first1=Chris |title=Infosys in a Distinct Business: Finacle |url=https://mba.tuck.dartmouth.edu/pages/faculty/chris.trimble/research/Case_Downloads/DisciplinedInnovation/20025-Infosys_Finacle_11.2007.pdf |publisher=Tuck School of Business at Dartmouth College |access-date=23 July 2025 |date=2008}}</ref> [[middleware]] [[Multitier architecture|architecture]] product Entark in 1995,<ref name="faces"/> and [[Year 2000 problem|Y2K problem]] toolset "In2000" a year later.<ref>{{cite news |title=Infosys reins in Y2K projects |url=https://www.rediff.com/computer/may/29infosy.htm |access-date=23 July 2025 |work=Rediff |date=29 March 1997}}</ref> In the mid to late 1990s, Infosys also [[Business incubator|incubated]] software product subsidiaries like [[Omnichannel order fulfillment|e-fulfillment]] and [[Warehouse management system|WMS]] software provider Yantra, and [[Value-added service|mobile VAS]] developer OnMobile, which were subsequently [[Corporate spin-off|spun off]] and divested.<ref name="faces">{{cite news |last1=Talgeri |first1=Kunal N. |last2=Bhuva |first2=Rajiv |title=Infy's many faces |url=https://www.fortuneindia.com/technology/infys-many-faces/100595 |access-date=23 July 2025 |work=Fortune India |date=6 November 2013 |language=en}}</ref>
In October 1994, it made a [[private placement]] of 5,50,000 shares at {{INRConvert|450|year=1994}} each against book value of {{INRConvert|10|year=1994}} per share to Foreign [[Institutional investor|Institutional Investors]] (FIIs), [[Financial institution|Financial Institutions]] (FIs) and Corporates.<ref>{{cite web|title=Infosys Shareholder Information|url=http://www.infosys.com/investors/shares/Pages/share-details.aspx|publisher=Infosys|accessdate=25 September 2015}}</ref>
 
Infosys listed its [[American depositary receipt]]s (ADRs) on [[Nasdaq]] in March 1999, making it the first Indian company to be listed on Nasdaq.<ref name="nasdaq"/> Infosys was then among the top 20 companies by [[market capitalization]] on the Nasdaq.<ref name="in.com_ITL_Bio"/> The ADR listing was later transferred to [[NYSE Euronext]] to provide European investors with better access to the company's shares.<ref>{{cite web|title=Infosys to shift listing of ADS to NYSE Euronext from Nasdaq|publisher=Infosys|url=http://economictimes.indiatimes.com/tech/ites/infosys-to-shift-listing-of-ads-to-nyse-euronext-from-nasdaq/articleshow/17430643.cms|date=30 November 2012|access-date=7 October 2017|archive-url=https://web.archive.org/web/20171007000000/http://201710071s.indiatimes.com/tech/ites/infosys-to-shift-listing-of-ads-to-nyse-euronext-from-nasdaq/articleshow/17430643.cms|archive-date=7 October 2017|url-status=live}}</ref>
In March 1999, it issued 2,070,000 [[American depositary share|ADSs]] (equivalent to 1,035,000 equity shares of par value of {{INRConvert|10|year=1999}} each) at {{US$|34|1999}} per ADS under the American Depositary Shares Program and the same were listed on the [[NASDAQ]] National Market in US. The total issue amount was {{US$|70.38}} million.<ref>{{cite book|last1=Barney|first1=Matt|title=Leadership@UK|date=8 Dec 2010|publisher=Penguin UK|isbn=8184754167|pages=17, 248}}</ref>
 
In 1999, Infosys rolled out [[Finacle]], a core banking software suite developed as the successor to Bancs2000.<ref>{{cite news |title=Infosys' Finacle is finally having a moment two decades after launch |last1=Moorthy| first1=Swathi|url=https://www.moneycontrol.com/news/business/infosys-finacle-is-finally-having-a-moment-two-decades-after-launch-5817511.html |access-date=17 August 2024 |work=Moneycontrol|date=17 September 2020}}</ref><ref name="finacle"/> The same year, Infosys started its research and innovation arm called SETLabs (later renamed Infosys Labs). In 2004, SETLabs formed an [[intellectual property]] (IP) cell; Infosys was reported to be earning about 10% of its total revenue from [[patent pending]] IP assets in 2006.<ref>{{cite news |title=Setlabs gives Infosys services edge |url=https://economictimes.indiatimes.com/setlabs-gives-infosys-services-edge/articleshow/754519.cms |access-date=23 July 2025 |work=The Economic Times |date=26 June 2004}}</ref><ref>{{cite news |title=IT cos enjoy revenue gains from patents |url=https://timesofindia.indiatimes.com/business/india-business/it-cos-enjoy-revenue-gains-from-patents/articleshow/1982257.cms |access-date=23 July 2025 |work=The Times of India |date=1 May 2007}}</ref>
The share price surged to {{INRConvert|8.1|k|year=1999}} 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.<ref name="in.com_ITL_Bio" />
 
In 2002, Infosys created a [[business process management]] division called [[Infosys BPM|Progeon]] (now Infosys BPM), with [[Citigroup]] taking a minority stake in the venture for $20 million.<ref>{{cite news |title=Infy creates Progeon, gets $20m from Citigroup |url=https://www.ciol.com/infy-creates-progeon-usd20m-citigroup/ |access-date=17 April 2025 |work=CIOL |language=en |date=16 April 2002}}</ref> In 2004, Infosys established a wholly owned consulting subsidiary called [[Infosys Consulting]], based in [[Fremont, California]].<ref>{{cite news |last1=Menon |first1=Ravi |title=Infosys Consulting eyes US buy |url=https://www.business-standard.com/article/technology/infosys-consulting-eyes-us-buy-109112000057_1.html |access-date=17 April 2025 |work=Business Standard |date=20 November 2009}}</ref> In 2006, Infosys bought out Citigroup's entire 23% stake in Progeon for $115 million.<ref>{{cite news |title=Infosys buys Citi out of Progeon for $115mn |url=https://www.business-standard.com/article/technology/infosys-buys-citi-out-of-progeon-for-115mn-106042101029_1.html |access-date=17 April 2025 |work=Business Standard |date=20 April 2006}}</ref>
During July 2003, June 2005 and November 2006, it made secondary ADS issues of {{US$|294|2003}} million, {{US$|1.07|2005}} billion and {{US$|1.605|2006}} billion respectively.<ref>{{cite news|title=Infosys prices sponsored secondary issue at $49 per ADS|url=http://www.siliconindia.com/shownews/Infosys_prices_sponsored_secondary_issue_at_49_per_ADS-nid-20297-cid-2.html|publisher=siliconindia news|date=1 Aug 2003}}</ref>
 
[[File:Bangalore Infosys .JPG|thumb|right|Infosys, [[Bengaluru]]]]
In December 2002, Infosys transferred the listing of its American Depositary Shares (ADS) from the NASDAQ to the [[NYSE]].<ref>{{cite web |publisher=NYSE |title=Infosys Celebrates Cross-Listing on NYSE Euronext London and NYSE Euronext Paris and Highlights Recent Transfer to NYSE |date=February 2013 |url=http://www.nyse.com/about/newsevents/1361274917113.html}}</ref>
In 2009, Infosys set up a subsidiary, Infosys Public Services, based in [[Rockville, Maryland]], with a focus on federal and state government projects in the US, Canada, and the UK.<ref>{{cite news |last1=Chari |first1=Sridhar K. |title=Infosys US unit ramps up hiring, investment |url=https://www.livemint.com/Companies/thyAojOLxZSE9d99QbP18L/Infosys-US-unit-ramps-up-hiring-investment.html |access-date=23 July 2025 |work=Mint |date=18 July 2011}}</ref> In 2012, Infosys opened its 18th US office, in [[Milwaukee]], primarily to serve [[Harley-Davidson]]; the company also announced having hired over 1,200 employees in the US in 2011 and an additional 2,000 employees in 2012.<ref name="Milwaukee">{{cite web |publisher=Infosys.com |title=Infosys to expand its U.S. operations with a new Delivery Center in Wisconsin |url=http://www.infosys.com/newsroom/press-releases/Documents/2012/delivery-center-wisconsin.pdf |access-date=3 July 2013 |archive-url=https://web.archive.org/web/20131101071446/http://www.infosys.com/newsroom/press-releases/Documents/2012/delivery-center-wisconsin.pdf |archive-date=1 November 2013 |url-status=live }}</ref>
 
In July 2014, Infosys startedestablished aan product[[enterprise software]] products subsidiary called,named [[EdgeVerve Systems]]., focusing on enterprise softwarewith products forin business operations, customer service, procurement, and commerce network domains.<ref>{{cite news|title=Edgeverve is born|url=http://wap.business-standard.com/article/companies/infy-s-edgeverve-moves-out-of-parent-s-shadow-114111700414_1.html|accessdateaccess-date=11 December 2015|publishernewspaper=Business Standard|date=17 November 172014|archive-url=https://web.archive.org/web/20151222130629/http://wap.business-standard.com/article/companies/infy-s-edgeverve-moves-out-of-parent-s-shadow-114111700414_1.html|archive-date=22 December 2015|url-status=live}}</ref> In August 2015, 2014Infosys transferred assets of Finacle to EdgeVerve Systems.<ref>{{cite news|title=Finacle joins Edgeverve|url=http://www.business-standard.com/article/companies/we-want-to-be-india-s-top-employer-for-products-michael-reh-115090500596_1.html|access-date=11 December 2015|newspaper=Business Standard|date=5 September 2015|archive-url=https://web.archive.org/web/20151222104502/http://www.business-standard.com/article/companies/we-want-to-be-india-s-top-employer-for-products-michael-reh-115090500596_1.html|archive-date=22 December 2015|url-status=live}}</ref>
 
In 2015, Infosys launched the $500 million Infosys Innovation Fund to invest in early-stage startups focused on [[emerging technologies|emerging]] and [[deep tech]],<ref>{{cite news |title=With liquid assets worth $5.5 bn, Infosys raises start-up fund size to $500 mn |url=https://indianexpress.com/article/business/companies/with-liquid-assets-worth-5-5-bn-infosys-raises-start-up-fund-size-to-500-mn/ |access-date=7 August 2025 |work=The Indian Express |date=10 January 2015 |language=en}}</ref> including a $250 million allocation for Indian startups.<ref>{{cite news |last1=Doulatramani |first1=Chandni |title=Infosys CEO Vishal Sikka meets Modi; dedicates $250 mn to Innovate in India |url=https://www.livemint.com/Companies/j6do7WFfbe5pNaP5qs8rKP/Infosyss-Sikka-meets-Modi-dedicates-250-million-to-innova.html |access-date=7 August 2025 |work=LiveMint |date=16 January 2015}}</ref>
In August 2015, the [[Finacle]] Global Banking Solutions assets were officially transferred from Infosys and became part of the product company [[EdgeVerve Systems]] product portfolio.<ref>{{cite news|title=Finacle joins Edgeverve|url=http://www.business-standard.com/article/companies/we-want-to-be-india-s-top-employer-for-products-michael-reh-115090500596_1.html|accessdate=11 December 2015|publisher=Business Standard|date=September 5, 2015}}</ref>
 
In 2018, Infosys formed a [[Singapore]]-based 60:40 joint venture with [[Temasek Holdings]] known as Infosys Compaz (iCompaz), serving clients in the [[Southeast Asian]] markets.<ref>{{cite news |title=Indian tech giant Infosys says it has created a joint venture with Singapore's Temasek |url=https://www.cnbc.com/2018/09/07/infosys-says-it-has-created-a-joint-venture-with-singapores-temasek-.html |access-date=23 July 2025 |work=CNBC |date=7 September 2018 |language=en}}</ref><ref>{{cite news |last1=Goled |first1=Shraddha |title=Infosys-Temasek extend JV collaboration by five years for growth in Southeast Asian market |url=https://www.techcircle.in/2023/10/12/infosys-temasek-extend-jv-collaboration-by-five-years-for-growth-in-southeast-asian-market |access-date=23 July 2025 |work=Techcircle |date=12 October 2023 |language=en}}</ref>
The [[credit rating]] of the company is A- (given by [[Standard & Poor's]] on 13-Dec-2013).<ref>{{cite news |url=http://articles.economictimes.indiatimes.com/2013-12-13/news/45162352_1_long-term-corporate-credit-ratings-negative-outlook-abhishek-dangra |title=S&P upgrades TCS, Infosys, Wipro to 'A-' from 'BBB+' |newspaper=The Economic Times |date=13 December 2013 |accessdate=28 December 2013}}</ref>
In February 2015, Infosys announced it would acquire the [[US]] automation technology company [[Panaya]] for around $200 million.<ref>{{cite press release | agency=Reuters| date=15 February 2015| title=Infosys buys U.S. automation tech firm for enterprise value of $200 million | url=http://www.reuters.com/article/2015/02/16/us-infosys-panaya-deals-idUSKBN0LK09G20150216}}</ref>
 
On 24 August 2021, Infosys became the fourth Indian company to achieve a market capitalization of {{currency|100|USD}} billion.<ref>{{Cite news|title=Infosys becomes 4th Indian company to touch $100 bn market cap|work=The Times of India|url=https://timesofindia.indiatimes.com/business/india-business/infosys-becomes-fourth-indian-firm-to-touch-100-billion-market-cap/articleshow/85612033.cms|access-date=2021-08-25}}</ref>
==Operations==
[[File:Infosys India.JPG|thumb|Headquarters of Infosys in [[Bengaluru]]]]
On 15 January 2016, Infosys had 1,045 clients across 50 countries.<ref name=Infosys_Overview /><ref name=Investor_Sheet>{{cite web |url=http://www.infosys.com/investors/reports-filings/Documents/investor-sheet.xls |publisher=Infosys.com |title= Investor Sheet |accessdate=22 May 2014}}</ref>
 
==Services and products==
Infosys has a global footprint with offices and development centres across the world.<ref>{{citation |url=http://www.infosys.com/about/Pages/locations.aspx |title=Infosys has a global footprint with offices and development centers across the world. |publisher=Infoys.com |date=21 May 2015}}</ref>
Infosys offers software development, maintenance, and independent validation services across industries such as finance, insurance, manufacturing, among others.<ref>{{cite news|title=Infosys realigns organisation structure|url=http://www.financialexpress.com/article/companies/infosys-realings-organisation-structure/39490/|work=[[The Financial Express (India)|The Financial Express]]|date=16 February 2015|access-date=4 March 2015|archive-url=https://web.archive.org/web/20150219080055/http://www.financialexpress.com/article/companies/infosys-realings-organisation-structure/39490/|archive-date=19 February 2015|url-status=dead}}</ref> Through its subsidiary [[Infosys Consulting]], it provides consulting services in digital experience, [[Cloud computing|cloud]],<ref>{{cite web|title=Infosys Cobalt: Cloud-Based Enterprise Transformation Services |url=https://www.infosys.com/services/cloud-cobalt.html|access-date=17 August 2024|website=www.infosys.com}}</ref> data analytics, artificial intelligence, engineering,<ref>{{cite web|url=https://www.infosys.com/services/engineering-services.html|title=Enhance Business Value With Digital Engineering Services {{!}} Infosys|website=www.infosys.com|access-date=17 August 2024}}</ref> and sustainability.<ref>{{cite web |url=https://www.infosys.com/services/consulting.html/|title=Management Consulting Services|website=www.infosys.com|access-date=17 September 2024}}</ref> Its subsidiary [[Infosys BPM]] provides outsourcing services for business processes such as finance, procurement, customer service, and HR.<ref>{{cite web |url=https://www.bloomberg.com/profile/company/INFY:US|title=Infosys Ltd - Company Profile and News - Bloomberg Markets|website=www.bloomberg.com|access-date=17 September 2024}}</ref>
 
Infosys offers digital products and platforms for digital transformation, including digital banking software [[Finacle]], application delivery platform [[Panaya]], digital commerce platform Infosys Equinox, workplace platform Infosys Meridian, and customer engagement platform Infosys Cortex.<ref>{{cite web |url=https://www.gartner.com/reviews/market/sap-application-services-worldwide/vendor/infosys/|title=Infosys Reviews, Ratings & Features 2024 - Gartner Peer Insights|website=www.gartner.com|access-date=17 September 2024}}</ref><ref>{{cite web |url=https://finance.yahoo.com/quote/INFY/profile/|title=Infosys Limited (INFY) Company Profile & Facts - Yahoo Finance|website=www.yahoo.com|access-date=17 September 2024}}</ref> It also provides sets of services and platforms in domains such as [[cloud computing|cloud]] with Cobalt,<ref>{{Cite web |title=Infosys bets on cloud business with launch of Cobalt |url=https://www.livemint.com/technology/tech-news/infosys-bets-on-cloud-business-with-launch-of-cobalt-11597917155771.html |access-date=23 July 2025 |website=Mint}}</ref> [[generative AI]] with Topaz,<ref>{{Cite web |title=Infosys launches generative AI solutions |url=https://economictimes.indiatimes.com/tech/technology/infosys-launches-generative-ai-solutions/articleshow/100447572.cms |access-date=23 July 2025 |website=The Economic Times}}</ref> and [[Artificial intelligence marketing|AI marketing]] with Aster.<ref>{{Cite web |title=Infosys launches Aster for AI-powered marketing for business growth |url=https://www.business-standard.com/markets/capital-market-news/infosys-launches-aster-for-ai-amplified-marketing-capabilities-124061800905_1.html |access-date=17 August 2024 |website=Business Standard}}</ref>
In 2012, Infosys announced a new office in [[Milwaukee]], Wisconsin to service [[Harley-Davidson]], being the 18th international office in the United States.<ref>{{cite news|url=http://www.economist.com/news/special-report/21569576-developed-countries-are-beginning-take-back-service-industry-jobs-too-next-big |title=Services: The next big thing |work=The Economist |date=19 January 2013 |accessdate=10 June 2013}}</ref><ref name="Milwaukee">{{cite web |publisher=Infosys.com |title=Infosys to expand its U.S. operations with a new Delivery Center in Wisconsin |url=http://www.infosys.com/newsroom/press-releases/Documents/2012/delivery-center-wisconsin.pdf |accessdate=3 July 2013}}</ref> Infosys hired 1,200 United States employees in 2011, and expanded the workforce by an additional 2,000 employees in 2012.<ref name="Milwaukee" />
 
==Products and services==
It provides software development, maintenance and independent validation services to companies in banking, finance, insurance, manufacturing and other domains.<ref>{{cite news|title=Infosys realigns organisation structure|url=http://www.financialexpress.com/article/companies/infosys-realings-organisation-structure/39490/|publisher=[[The Financial Express (India)|The Financial Express]]|date=16 Feb 2015}}</ref>
 
One of its known products is [[Finacle]]<ref>{{cite news|title=Core Banking Systems -- Gartner Says The Debate Has Shifted|url=http://www.forbes.com/sites/tomgroenfeldt/2014/11/26/core-banking-systems-gartner-says-the-debate-has-shifted/|publisher=[[Gartner]]|date=26 Nov 2014}}</ref> which is a universal banking solution with various modules for retail & corporate banking.
[[File:India Technology.jpg|thumb|Glass building in [[Pune]] campus]]
 
Its key products are:-
* Mana - Knowledge based AI platform
* Infosys Information Platform (IIP)- Analytics platform
* [[EdgeVerve Systems]]
* [[Finacle]]- Global banking platform by [[EdgeVerve Systems]]
* [[Panaya]] Cloud Suite
* Skava
 
==Acquisitions==
{{See also|Infosys BPM#Acquisitions}}
* In December 2003, Infosys had acquired Australia-based IT service provider Expert Information Services for $23 million.<ref>{{cite web | title=Infosys to buy Australian firm Expert for $22.9 m |work=The Hindu |url=http://www.thehindubusinessline.in/2003/12/19/stories/2003121902640100.htm |accessdate=22 June 2013}}</ref><ref>{{cite web |title=Infosys Media Release&nbsp;— Infosys announces agreement to acquire Expert |url=http://www.infosys.com/australia/news/Documents/infosys-acquires-expert.pdf |publisher=Infosys |accessdate=22 Jun 2013}}</ref>
* In December 2009, [[Infosys BPO Limited#Acquisitions|Infosys BPO]] acquired Atlanta-based McCamish Systems for about $38 million.<ref>{{cite web |title=Infosys BPO to acquire US company McCamish |work=Deccan Herald |url=http://www.deccanherald.com/content/35543/F |accessdate=22 June 2013}}</ref>
* In January 2012, Infosys BPO acquired Australia-based Portland Group, provider of strategic sourcing and category management services, for about AUD 37 million.<ref>{{cite web |title=Infosys BPO looking for buyouts to double its revenues to $1 bn |work=The Economic Times | url=http://articles.economictimes.indiatimes.com/2012-07-17/news/32714425_1_mccamish-systems-infosys-bpo-swami-swaminathan |accessdate=22 June 2013}}</ref><ref>{{cite web |title=Infosys BPO signs definitive agreement to acquire Portland Group Pty Ltd in Australia |work=The Business Journals | url=http://www.bizjournals.com/prnewswire/press_releases/2011/12/20/UKTU684 |accessdate=22 June 2013}}</ref>
* In September 2012, Infosys acquired Switzerland-based [[Lodestone Management Consultants]] for about $345 million.<ref>{{cite web | title=Infosys acquires Swiss firm Lodestone for Rs. 1,925 crore |work=The Hindu |url=http://www.thehindu.com/business/infosys-acquires-swiss-firm-lodestone-for-rs1925-crore/article3880535.ece |accessdate=22 June 2013}}</ref>
* In March 2015, Infosys acquired Panaya, Inc., a leading provider of automation technology for large scale enterprise software management.<ref>{{cite web | title=Infosys buys automation technology startup Panaya, deal valued at Rs 1200 crore |work=The Economic Times |url=http://articles.economictimes.indiatimes.com/2015-02-17/news/59232621_1_vishal-sikka-german-software-firm-constellation-research}}</ref>
* In June 2015, Infosys acquired Skava, a leading provider of digital experience solutions, including mobile commerce and in-store shopping experiences to large retail clients. The acquisition of Skava is part of Infosys’ strategy to help clients bring new digital experiences to their customers through IP-led technology offerings, new automation tools and unparalleled skill and expertise in these new emerging areas.<ref>{{cite web | title=Infosys Completes Acquisition of Skava |work=Infosys Limited |url=http://www.infosys.com/newsroom/press-releases/Pages/completes-skava-acquisition.aspx}}</ref>
 
[[File:Thiruvananthapuram Infosys Building.JPG|thumb|A building in [[Thiruvananthapuram]] campus]]
{| class="wikitable"
|-
! Name !! Based in !! Acquisition cost !! Acquisition date !! Business
! Shareholders (as on 31-Mar-2014) !! Shareholding<ref name=6-K/>
|-
| Expert Information Services || Australia || $23 million || Dec 2003<ref>{{cite web |title=Infosys to buy Australian firm Expert for $22.9 m |work=The Hindu |url=http://www.thehindubusinessline.com/2003/12/19/stories/2003121902640100.htm |date=19 December 2003 |access-date=7 October 2017 |archive-url=https://web.archive.org/web/20090921224359/http://www.thehindubusinessline.com/2003/12/19/stories/2003121902640100.htm |archive-date=21 September 2009 |url-status=live }}</ref> || IT services
| [[Corporate promoter#Entrepreneur Promoters|Promoters group]]||15.94%
|-
| Gen-i Software || New Zealand || Undisclosed || Jun 2011<ref>{{cite news |title=Infosys acquires Gen-i's software solutions business |url=https://timesofindia.indiatimes.com/business/india-business/infosys-acquires-gen-is-software-solutions-business/articleshow/8775451.cms |access-date=28 August 2024 |work=The Times of India |date=8 June 2011}}</ref> || Software consulting
| Foreign Institutional Investors (FII) ||
|-
| Lodestone Holding || Switzerland || $345 million || Sep 2012<ref>{{cite web |title=Infosys acquires Swiss firm Lodestone for Rs. 1,925 crore |work=The Hindu |url=http://www.thehindu.com/business/infosys-acquires-swiss-firm-lodestone-for-rs1925-crore/article3880535.ece |date=10 September 2012 |access-date=22 June 2013 |archive-url=https://web.archive.org/web/20130927134254/http://www.thehindu.com/business/infosys-acquires-swiss-firm-lodestone-for-rs1925-crore/article3880535.ece |archive-date=27 September 2013 |url-status=live }}</ref> || Management consultancy
| [[American depositary receipt|ADR]]||16.10%
|-
| [[Panaya]]|| Israel || $200 million || Mar 2015<ref>{{cite web |title=Infosys buys automation technology startup Panaya, deal valued at Rs 1200 crore |work=The Economic Times |url=http://economictimes.indiatimes.com/tech/ites/infosys-buys-automation-technology-startup-panaya-deal-valued-at-rs-1200-crore/articleshow/46258808.cms |date=17 February 2015 |access-date=7 October 2017 |archive-url=https://web.archive.org/web/20171007122812/http://economictimes.indiatimes.com/tech/ites/infosys-buys-automation-technology-startup-panaya-deal-valued-at-rs-1200-crore/articleshow/46258808.cms |archive-date=7 October 2017 |url-status=live }}</ref> || Automation technology
| Individual shareholders||09.95%
|-
| Skava (Kallidus) || United States || $120 million || Apr 2015<ref>{{cite web |title=Infosys completes Skava acquisition for $120&nbsp;million |work=The Economic Times |url=http://economictimes.indiatimes.com/tech/ites/infosys-completes-skava-acquisition-for-120-million/articleshow/47539280.cms |date=4 June 2015 |access-date=7 October 2017 |archive-url=https://web.archive.org/web/20171007123357/http://economictimes.indiatimes.com/tech/ites/infosys-completes-skava-acquisition-for-120-million/articleshow/47539280.cms |archive-date=7 October 2017 |url-status=live }}</ref> || Digital experience solutions
| [[Bank]]s, [[Financial institution|Financial Institutions]] and Insurance Companies||09.08%
|-
| Noah Consulting || United States || $70 million || Nov 2015<ref>{{cite news | title=Infosys completes acquisition of Noah Consulting | work=The Economic Times | url=http://economictimes.indiatimes.com/tech/ites/infosys-completes-acquisition-of-noah-consulting/articleshow/49844733.cms | access-date=3 February 2017 | archive-url=https://web.archive.org/web/20170207075428/http://economictimes.indiatimes.com/tech/ites/infosys-completes-acquisition-of-noah-consulting/articleshow/49844733.cms | archive-date=7 February 2017 | url-status=live }}</ref> || Information management consulting services
| [[Mutual fund|Mutual Funds]]||04.58%
|-
|Skytree
| Others||02.25%
|United States
|Undisclosed
|Apr 2017<ref>{{cite web |title=Infosys is reaching for the sky with holistic automation strategy |work=Horses for Sources |url=https://www.horsesforsources.com/Infosys-reaching-sky-holistic-automation-strategy_042117 |date=26 April 2017 |access-date=20 June 2019 |archive-url=https://web.archive.org/web/20190620100614/https://www.horsesforsources.com/Infosys-reaching-sky-holistic-automation-strategy_042117 |archive-date=20 June 2019 |url-status=live }}</ref>
|Machine learning
|-
| Brilliant Basics || United Kingdom || £7.5 million || Aug 2017<ref>{{cite web |title=Infosys completes Brilliant Basics acquisition |work=Money Control |url=http://www.moneycontrol.com/news/business/infosys-completes-brilliant-basics-acquisition-2384159.html |date=11 September 2017 |access-date=7 October 2017 |archive-url=https://web.archive.org/web/20171007120006/http://www.moneycontrol.com/news/business/infosys-completes-brilliant-basics-acquisition-2384159.html |archive-date=7 October 2017 |url-status=live }}</ref> || Product design and customer experience
| Total||100.00%
|-
|Fluido Oy
|Finland
|€65 million
|Oct 2018<ref>{{cite web |title=Infosys Consulting buys Finnish Salesforce partner Fluido Oy for €65 million |work=Consultancy.eu |url=https://www.consultancy.eu/news/1791/infosys-consulting-buys-finnish-salesforce-partner-fluido-oy-for-65-million |date=17 September 2018 |access-date=20 June 2019 |archive-url=https://web.archive.org/web/20190620094745/https://www.consultancy.eu/news/1791/infosys-consulting-buys-finnish-salesforce-partner-fluido-oy-for-65-million |archive-date=20 June 2019 |url-status=live }}</ref>
|Salesforce advisor and consulting partner
|-
|WongDoody
|United States
|$75 million
|Jan 2019<ref>{{cite web|url=http://www.wongdoody.com/work/wongdoody-joins-infosys/|title=Wongdoody Joins Infosys|website=wongdoody.com|access-date=15 January 2019|archive-url=https://web.archive.org/web/20190116045807/http://www.wongdoody.com/work/wongdoody-joins-infosys/|archive-date=16 January 2019|url-status=dead}}</ref>
|Advertising and creative strategy services
|-
|Stater N.V.
|Netherlands
|€127.5 million
|Apr 2019<ref>{{cite web|last=Zacks|first=Publisher|title=Infosys Ups the Ante in Mortgage Servicing With Stater Buyout|url=https://www.nasdaq.com/articles/infosys-ups-the-ante-in-mortgage-servicing-with-stater-buyout-2019-04-01|access-date=29 September 2020|publisher=NASDAQ}}</ref>
|Mortgage services
|-
|Simplus
|United States
|$250 million
|Feb 2020<ref>{{cite news |last1=Mendonca |first1=Jochelle |title=Infosys to pay as much as $250 million for Simplus acquisition |url=https://economictimes.indiatimes.com/tech/ites/infosys-to-pay-as-much-as-250-million-for-simplus-acquisition/articleshow/74075744.cms |access-date=17 August 2024 |work=The Economic Times |date=11 February 2020}}</ref>
|Salesforce consulting
|-
|Kaleidoscope
|United States
|$42 million
|Sep 2020<ref>{{Cite news|title=Infosys to acquire US-based firm Kaleidoscope for $42 mn|work=The Economic Times|url=https://economictimes.indiatimes.com/tech/ites/infosys-to-acquire-us-based-firm-kaleidoscope-for-42-mn/articleshow/77914364.cms|access-date=29 September 2020}}</ref>
|Product design and development
|-
|GuideVision
|Czech Republic
|€30 million
|Sep 2020<ref>{{cite news|title=Czech-based GuideVision joins consulting arm of Infosys|work=Consultancy.eu|url=https://www.consultancy.eu/news/4976/czech-based-guidevision-joins-consulting-arm-of-infosys|access-date=30 September 2020}}</ref>
|ServiceNow partner
|-
|Blue Acorn iCi
|United States
|$125 million
|Oct 2020<ref>{{cite news |last1=Baruah |first1=Ayushman |title=Infosys to acquire US-based Blue Acorn iCi for up to $125 million |url=https://www.livemint.com/companies/news/infosys-to-acquire-us-based-blue-acorn-ici-for-up-to-125-million-11602139117339.html |access-date=28 August 2024 |work=Mint |date=8 October 2020}}</ref>
|Digital transformation
|-
| Carter Digital || Australia || Undisclosed || Jan 2021<ref>{{cite news |title=Infosys to acquire assets, onboard employees of Australia's Carter Digital |url=https://www.business-standard.com/article/companies/infosys-to-acquire-assets-onboard-employees-of-australia-s-carter-digital-121011301265_1.html |access-date=28 August 2024 |work=Business Standard |date=13 January 2021}}</ref> || Design agency
|-
|Oddity
|Germany
|€50 million
|Mar 2022<ref>{{cite news|title=Infosys to acquire German digital marketing firm Oddity for Euro 50 mn|url=https://www.business-standard.com/article/companies/infosys-to-acquire-german-digital-marketing-firm-oddity-for-euro-50-mn-122032201008_1.html|access-date=22 March 2022}}</ref>
|Digital marketing
|-
|BASE life science
|Denmark
|€110 million
|Jul 2022<ref>{{Cite news |last=Ishwarbharath |first=Sai |date=2022-07-13 |title=Infosys to acquire BASE life science for €110 million |work=The Economic Times |url=https://economictimes.indiatimes.com/tech/information-tech/infosys-to-acquire-base-life-science-for-110-million/articleshow/92858909.cms |access-date=2023-12-07 |issn=0013-0389}}</ref>
|Life science consulting and technology
|-
|InSemi
|India
|{{INR}}280 crore
|Jan 2024<ref>{{cite news |title=Infosys to acquire InSemi for ₹280 crore |url=https://timesofindia.indiatimes.com/city/bengaluru/infosys-to-acquire-insemi-for-280-crore-semiconductor-design-and-embedded-firm/articleshow/106744822.cms |access-date=17 April 2025 |work=The Times of India |date=12 January 2024}}</ref>
|Semiconductor design services
|-
|in-tech
|Germany
|€450 million
|Apr 2024<ref>{{cite news |title=Infosys to acquire 100% stake in German firm in-tech for €450 million |url=https://www.cnbctv18.com/market/infosys-share-price-to-acquire-100-pc-stake-in-german-firm-in-tech-for-450-million-euros-19398674.htm |access-date=17 August 2024 |work=CNBCTV18 |date=18 April 2024 |language=en}}</ref>
|Engineering R&D services
|-
|MRE Consulting
|United States
|$36 million
|Apr 2025<ref name="q1fy26">{{cite news |title=Infosys set to acquire MRE Consulting and The Missing Link in Q1 FY26 |url=https://www.thehindubusinessline.com/companies/infosys-set-to-acquire-mre-consulting-and-the-missing-link-in-q1-fy26/article69460798.ece |access-date=17 April 2025 |work=BusinessLine |date=17 April 2025 |language=en}}</ref>
|Consulting
|-
|The Missing Link
|Australia
|A$98 million
|Apr 2025<ref name="q1fy26"/>
|Cybersecurity and cloud services
|}
 
==Listing and shareholding pattern==
==Initiatives==
[[File: Infosys Mcity, Building number 5.jpg|thumb|Main block in the [[Chennai]] campus]]
[[File:Bangalore Infosys .JPG|thumb|right|Infosys, [[Bengaluru]]]]
 
In India, Infosys shares are listed on the [[Bombay Stock Exchange|BSE]], where it is a part of the [[BSE SENSEX]], and on the [[National Stock Exchange of India|NSE]], where it is included in the [[NIFTY 50]] index.<ref>{{cite web |title=Stock Share Price {{!}} Get Quote {{!}} BSE |url=https://www.bseindia.com/stock-share-price/infosys-ltd/infy/500209/ |website=www.bseindia.com |access-date=9 May 2020}}</ref> Infosys also trades its shares through [[American depositary receipt]]s (ADRs) on the [[New York Stock Exchange]].<ref>{{cite news |last1=Selina |first1=Hossain |title=Infosys Q4 results: Profit rises 6% to Rs 4,321 crore; firm suspends guidance |url=https://economictimes.indiatimes.com/markets/stocks/earnings/infosys-q4-results-profit-rises-6-to-rs-4321-crore-firm-suspends-guidance/articleshow/75251808.cms |access-date=9 May 2020 |work=The Economic Times |date=20 April 2020}}</ref>
===Infosys Foundation===
{{main article|Infosys Foundation}}
In 1996, Infosys established the [[Infosys Foundation]], to support the underprivileged sections of society.<ref>{{cite web |title=Infosys Foundation |publisher=Karnataka.com |url=http://www.karnataka.com/ngos/infosys/ |accessdate=3 July 2013}}</ref> At the outset, the Infosys Foundation implemented many programs in [[Karnataka]]. It subsequently covered [[Tamil Nadu]], [[Telangana]], [[Andhra Pradesh]], [[Maharashtra]], [[Odisha]], and [[Punjab, India|Punjab]] in a phased manner. A team at the Foundation identifies all the programs in the areas of Healthcare, Education, Culture, Destitute Care and Rural Development.<ref>{{cite web |title=Infosys Foundation |url=http://www.infosys.com/infosys_foundation/default.asp |publisher=Infosys |accessdate=3 July 2013}}</ref>
 
Over the years, the shareholding of Infosys's promoters has steadily decreased. This trend began in June 1993, when Infosys first listed its shares on the BSE. The promoter shareholding further declined when Infosys instated [[employee stock option]] scheme in 1993 and listed ADRs on [[Nasdaq]] on 11 March 1999.<ref name="nasdaq">{{Cite news |last1=Ramesh |first1=Jairam |title=Bangalore-based software firm Infosys becomes first Indian company to list on Nasdaq |newspaper=India Today |date=29 March 1999 |access-date=9 March 2018 |url=https://www.indiatoday.in/magazine/guest-column/story/19990329-bangalore-based-software-firm-infosys-becomes-first-indian-company-to-list-on-nasdaq-780532-1999-03-29 |archive-url=https://web.archive.org/web/20180310010640/https://www.indiatoday.in/magazine/guest-column/story/19990329-bangalore-based-software-firm-infosys-becomes-first-indian-company-to-list-on-nasdaq-780532-1999-03-29 |archive-date=10 March 2018 |url-status=live }}</ref> The [[Life Insurance Corporation|Life Insurance Corporation of India]] is the biggest shareholder in Infosys<ref>{{cite news|title=Did you know who the biggest shareholder in Infosys Is?|url=https://zeenews.india.com/photos/business/did-you-know-who-the-biggest-shareholder-in-infosys-is-it-s-not-narayana-murthy-sudha-murty-rohan-murty-akshata-murty-or-nandan-nilekani-it-is-2900512|publisher=[[Zee News|ZeeNews]], 13 May 2025}} </ref>.
===Academic Entente===
Infosys' Global Academic Relations team forges ''Academic Entente'' (AcE){{clarify|date=August 2012}} with academic and partner institutions.<ref>{{cite web | title=Academic Entente (AcE) | url=http://vacancynext.com/?p=1005 | date=13 March 2012 | accessdate= 29 October 2012}}</ref> It explores co-creation opportunities between Infosys and academia through case studies, student trips and speaking engagements. They also collaborate on technology, emerging economies, globalization, and research. Some initiatives include research collaborations, publications, conferences and speaking sessions, campus visits and campus hiring.<ref>{{cite web | title=Academic Entente | url=http://www.infosys.com/instep/global-academic-relations/default.asp |accessdate=3 July 2013}}</ref>
 
[[File:Thiruvananthapuram Infosys Building.JPG|thumb|A building in [[Thiruvananthapuram]] campus]]
===Infosys Labs===
Infosys Labs is organized as a global network of research labs and innovation hubs.<ref>{{cite news |url=http://economictimes.indiatimes.com/infosys-ltd/directorsreport/companyid-10960.cms |title=Infosys Ltd | work=The Times of India}}</ref>
 
{| class="wikitable sortable"
Infosys Labs collaborates with leading national and international universities such as the [[University of Southern California Viterbi School of Engineering]],<ref>{{cite web|url=http://viterbi.usc.edu/academics/globalization/international-research-center/infosys.htm |title=USC&nbsp;— Infosys CAST |publisher=Viterbi School of Engineering |accessdate=29 October 2012}}</ref> [[University of Cambridge]], [[Queens University of Belfast]],<ref>{{cite web |url=http://www.infosys.com/newsroom/press-releases/Pages/global-cyber-security-threat.aspx |title=Infosys&nbsp;— Queen's University Strategic Partnership&nbsp;— Cyber Security Threats & Consulting |date=16 April 2013 |accessdate=21 May 2014}}</ref> [[University of Illinois at Urbana-Champaign]], [[Indian Institute of Technology Bombay]], [[IITB-Monash Research Academy]], [[Indraprastha Institute of Information Technology|Indraprastha Institute of Information Technology, Delhi]], Indian Institute of Science, Bangalore, [[Purdue University]],<ref>{{cite web |url=http://www.moneycontrol.com/news/business/infosys-israel-sign-pact-for-industrial-rd_717910.html |title=Infosys, Israel sign pact for industrial R&D |publisher=MoneyControl.com |accessdate=3 July 2013}}</ref> Indian Institute of Information Technology, Bangalore.<ref>{{cite web | url=http://www.infosys.com/instep/global-academic-relations/news-events/default.asp | title=Global Academic Relations | publisher=Infosys | accessdate=29 October 2012}}</ref>
|+Infosys shareholding and stakeholders pattern (as of 31 March 2024)<ref>{{Cite web |title=Infosys shareholdings: Find Infosys Shareholding Pattern and Ownership |url=https://www.infosys.com/investors/reports-filings/annual-report/annual/documents/infosys-annual-report-2024.pdf |access-date=16 August 2024 |website=Infosys.com }}</ref>
! Shareholders !! Shareholding
|-
| [[Corporate promoter#Entrepreneur promoters|Promoters group]] || {{0|0}}14.61%
|-
| Foreign institutional investors (FII) || {{0|0}}32.74%
|-
| Domestic institutional investors (DII) || {{0|0}}37.59%
|-
| Public || {{0|0}}14.81%
|-
| Others || {{0|0}}{{pad|0.3em}}0.25%
|-
| Total || 100.00%
|}
 
===Infosys Prize=Operations==
===Geographical presence===
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 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.<ref>{{cite web | url=http://www.infosys-science-foundation.com/prize/index.asp | title=Infosys Prize&nbsp;— Securing India's scientific future | publisher=Infosys Science Foundation | accessdate=7 Jun 2014}}</ref><ref>{{cite news| url=http://www.thehindu.com/news/national/karnataka/7-scientists-academics-bag-infosys-prize/article5344643.ece | title=7 scientists, academics bag Infosys Prize | newspaper=The Hindu | accessdate=7 Jun 2014}}</ref>
[[File:India Technology.jpg|thumb|Glass building in [[Pune]] campus]]
As of 31 March 2024, Infosys operates 94 sales and marketing offices and 139 development centers globally. The company's operations are spread across key regions, including India, the United States, Canada, China, Australia, Japan, the Middle East, and Europe.<ref>{{citation |url=https://www.infosys.com/about.html |title=About Us |publisher=Infosys.com |access-date=17 August 2024}}</ref>
 
In the fiscal year 2023-24, Infosys generated approximately 61% of its revenue from North America, 25% from Europe, 3% from India, and 11% from other regions, including the Middle East, Australia, and Japan.<ref>{{citation |url=https://www.infosys.com/investors/reports-filings/annual-report/annual/documents/infosys-annual-report-2023.pdf |title=Infosys Annual Report 2023-24 |publisher=Infosys.com |access-date=16 August 2024}}</ref>
==Employees==
[[File:Mysore India Infosys.JPG|thumb|The Development Center in [[Mysuru]] campus]]
Infosys has a total of 193,383 employees as of 15 January 2016, of which 35% were women. Its workforce consists of employees representing 122 nationalities working from 32 countries (37 countries as per the base ___location). Out of its total workforce, 93.8% are software professionals, 17% are working in its BPO arm and remaining 6% work for support and sales.<ref name=Investor_Sheet/> The attrition rate of Infosys Ltd., excluding its subsidiaries, for 12 months ending 30 September 2015, was 14.2%. And following the annual hike for employees during 2015-16, the attrition rate is likely to increase.<ref name=Investor_Sheet/>
 
Infosys faced scrutiny over its continued operations in Moscow following Russia's [[Russian invasion of Ukraine|invasion of Ukraine]] in February 2022. The company clarified that it had no active business with Russian firms.<ref name="autogenerated1">{{cite web|url=https://www.bbc.com/news/uk-politics-61017993 |title=Rishi Sunak faces questions over wife Akshata Murty's non-dom tax status |publisher=[[BBC News]] |date=2022-03-25 |accessdate=2022-04-07}}</ref><ref>{{Cite web |date=2022-06-26 |title=Infosys has team of less than 100 in Russia, transitioning them outside: CEO Parekh |url=https://www.businesstoday.in/latest/corporate/story/infosys-has-team-of-less-than-100-in-russia-transitioning-them-outside-ceo-parekh-339217-2022-06-26 |access-date=2022-12-13 |website=Business Today }}</ref> By November 2022, only administrative staff remained, handling the transfer of contracts to other contractors.<ref>{{Cite web |date=2022-11-04 |title=Infosys still operating from Russia eight months after saying it was pulling out |url=https://www.theguardian.com/world/2022/nov/04/infosys-still-operating-russia-rishi-sunak-akshata-murty |access-date=2022-12-13 |website=[[The Guardian]] }}</ref>
During FY 2014-15, Infosys received 1,519,678 applications from prospective employees and had a gross addition of 53,386 employees.<ref name="AR1213">{{cite web |url=http://www.infosys.com/investors/reports-filings/annual-report/annual/Documents/Infosys-AR-13.pdf |title=Annual Report 2012-13 |publisher=Infosys |date=17 April 2013 |accessdate=8 September 2013}}</ref>
 
=== Training centre in MysuruMysore ===
[[File:Mysore India Infosys.JPG|thumb|The Development Centre on the [[Mysore]] campus]]
As the world's largest corporate university, the Infosys global education centre in the 337 acre<ref>{{cite web |url=http://www.infosys.com/sustainability/green-innovation/Pages/mysore-campus.aspx |title=Infosys campus reflects commitment to a greener world |publisher=Infosys |accessdate=9 September 2013}}</ref> campus has 400 instructors and 200 classrooms,<ref name="100000T">{{cite news |url=http://www.mathrubhumi.com/english/story.php?id=124351 |title=Infosys has trained 100,000 graduates at Mysuru campus |newspaper=Mathrubhumi |date=1 June 2012 |accessdate=9 September 2013}}</ref> with international benchmarks at its core. Established in 2002, it had trained around 125,000 engineering graduates by June 2015.<ref name="100000T" /> It can train 14,000 employees at a given point of time on various technologies.<ref>{{cite web |url=http://www.mysoresamachar.com/info_trg_cent.htm |title=Infosys builds world's biggest training centre in Mysore |publisher=Mysore Samachar |date=9 September |accessdate=8 September 2013}}</ref><ref name="MysoreET" />
As the world's largest corporate university, the Infosys Global Education Centre, located on a 337-acre<ref>{{cite web |url=http://www.infosys.com/sustainability/green-innovation/Pages/mysore-campus.aspx |title=Infosys campus reflects commitment to a greener world |publisher=Infosys |access-date=9 September 2013 |url-status=dead |archive-url=https://web.archive.org/web/20130927071333/http://www.infosys.com/sustainability/green-innovation/Pages/mysore-campus.aspx |archive-date=27 September 2013}}</ref> campus in [[Mysore]], features 400 instructors and over 200 classrooms.<ref name="100000T">{{cite news |url=http://www.mathrubhumi.com/english/story.php?id=124351 |title=Infosys has trained 100,000 graduates at Mysore campus |newspaper=Mathrubhumi |date=1 June 2012 |access-date=9 September 2013 |url-status=dead |archive-url=https://web.archive.org/web/20130928180432/http://www.mathrubhumi.com/english/story.php?id=124351 |archive-date=28 September 2013}}</ref> Established in 2002, it had trained approximately 125,000 engineering graduates by June 2015.<ref name="100000T" /> The centre can accommodate and train up to 14,000 employees at any given time across various technologies.<ref>{{cite web |url=http://www.mysoresamachar.com/info_trg_cent.htm |title=Infosys builds world's biggest training centre in Mysore |publisher=Mysore Samachar |date=9 September 2013 |access-date=9 September 2013 |archive-url=https://web.archive.org/web/20130922195511/http://www.mysoresamachar.com/info_trg_cent.htm |archive-date=22 September 2013 |url-status=usurped }}</ref><ref name="MysoreET" />
 
The Infosys Leadership Institute (ILI), basedlocated in [[Mysuru]]Mysore, has 96 rooms and trains aboutapproximately 4004,000 Infoscianstrainees annually.<ref name="MysoreET">{{cite news |url=http://articles.economictimes.indiatimes.com/2004-06-18/news/27400436_1_training-centre-mysore-employee-care-centre |title=Infy plans biggest training centre |newspaper=The Economic Times |date=18 June 2004 |accessdateaccess-date=9 September 2013 |archive-url=https://web.archive.org/web/20131110165403/http://articles.economictimes.indiatimes.com/2004-06-18/news/27400436_1_training-centre-mysore-employee-care-centre |archive-date=10 November 2013 |url-status=dead }}</ref> Its primary objective is to cultivate and develop senior leaders within Infosys, preparing them for both current and future executive roles.
 
===Employees===
In addition to above, Infosys Training Center in Mysuru also provides number of extra curricular facilities like Tennis,Badminton,Basketball,Swimming pool,Gym etc.
As of 31 March 2024, Infosys employed a total of 317,240 people, commonly referred to as "Infoscions," with 39.3% of them being women.<ref name="InvestorSheet2024">{{cite web|last=Ltd.|first=Infosys|date=April 2024|title=Infosys Annual Report FY23-24|url=https://www.infosys.com/investors/reports-filings/annual-report/annual/documents/infosys-ar-24.pdf|access-date=2024-08-17|website=Infosys|publisher=infosys.com}}</ref> In 2023, 85% of Infosys' employees were located in India.
 
Starting mid-2015, Infosys did away with its dress code, allowing jeans and casual clothes every day. This change is noticeable because, since 2008, a formal dress code—including a tie for males twice a week—had been mandatory at the company. <ref>{{cite news|title=Infosys does away with dress code|url=https://economictimes.indiatimes.com/tech/ites/infosys-does-away-with-dress-code-keeps-it-casual-for-all-working-days/articleshow/47501003.cms| publisher=Economic Times, June 1, 2015}} </ref><ref>{{cite news|title=Infosys imposes tie code|url=https://bangaloremirror.indiatimes.com/bangalore/cover-story/infosys-imposes-tie-code/articleshow/22423461.cms|publisher=Bangalore Mirror, 7 September, 2008}} </ref>
===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 SE|SAP]] products and innovation globally. He took over from [[S.D. Shibulal]], one of the founders, on 1 August 2014.<ref>{{cite web|url=http://gadgets.ndtv.com/others/news/infosys-names-vishal-sikka-as-first-external-ceo-540106?pfrom=home-rightnow|title=Infosys Names Vishal Sikka First External CEO; Chairman Murthy to Step Down|work=NDTV Gadgets|accessdate=2 July 2015}}</ref> He was inducted as a whole-time director of the Board and CEO & MD (Designate) of Infosys on 14 June.<ref>{{cite web|url=http://www.infosys.com/newsroom/press-releases/Pages/ceo-announcement.aspx|title=Infosys to appoint Dr. Vishal Sikka as Chief Executive Officer & Managing Director|author=Infosys Limited|publisher=|accessdate=2 July 2015}}</ref> He receives $11 million as annual compensation.<ref>{{cite web|title=Infosys to pay its CEO Vishal Sikka Rs. 30 Crores annually |url=http://news.biharprabha.com/2014/07/infosys-to-pay-its-ceo-vishal-sikka-rs-30-crores-annually/|agency=Indo-Asian News Service|publisher=news.biharprabha.com|accessdate=3 July 2014}}</ref>
 
=== CEOs ===
{| class="wikitable"
From its establishment in 1981 until 2014, Infosys' CEOs were its founders, with [[N. R. Narayana Murthy]] leading the company for the initial 21 years. Vishal Sikka was the first external CEO, serving for approximately three years.<ref>{{cite web|url=http://gadgets.ndtv.com/others/news/infosys-names-vishal-sikka-as-first-external-ceo-540106?pfrom=home-rightnow|title=Infosys Names Vishal Sikka First External CEO; Chairman Murthy to Step Down|work=NDTV Gadgets|date=12 June 2014 |access-date=2 July 2015|archive-url=https://web.archive.org/web/20150703035326/http://gadgets.ndtv.com/others/news/infosys-names-vishal-sikka-as-first-external-ceo-540106?pfrom=home-rightnow|archive-date=3 July 2015|url-status=live}}</ref> Sikka resigned in August 2017. Following his departure, UB Pravin Rao was appointed as Interim CEO and Managing Director of the company.<ref name="Vishal_resigns">{{cite news|title=vishal-sikka-resigns-as-md-ceo-of-infosys|newspaper=The Economic Times |url=http://economictimes.indiatimes.com/markets/stocks/news/vishal-sikka-resigns-as-md-ceo-of-infosys/articleshow/60113175.cms|access-date=17 August 2017|archive-url=https://web.archive.org/web/20170820054852/http://economictimes.indiatimes.com/markets/stocks/news/vishal-sikka-resigns-as-md-ceo-of-infosys/articleshow/60113175.cms|archive-date=20 August 2017|url-status=live|last1=Mandavia |first1=Megha }}</ref> Infosys appointed [[Salil Parekh]] as Chief Executive Officer (CEO) and Managing Director (MD), effective from 2 January 2018.<ref name="Parekh">{{Cite news|url=https://timesofindia.indiatimes.com/business/india-business/infosys-appoints-capgeminis-salil-parekh-as-md-ceo/articleshow/61893756.cms|title=Infosys appoints Capgemini's Salil Parekh as MD & CEO|work=The Times of India|access-date=3 December 2017|archive-url=https://web.archive.org/web/20171203055511/https://timesofindia.indiatimes.com/business/india-business/infosys-appoints-capgeminis-salil-parekh-as-md-ceo/articleshow/61893756.cms|archive-date=3 December 2017|url-status=live}}</ref>
 
;List of CEOs
{| class="wikitable plainrowheaders"
|-
! scope="col" | Name
! Name!! Period
! scope="col" | Period
|-
! scope="row" | [[N. R. Narayana Murthy]] |
| 1981 to March 2002
|-
! scope="row" | [[Nandan Nilekani]] |
| March 2002 to April 2007
|-
! scope="row" | [[S. Gopalakrishnan|Kris Gopalakrishnan]] || April 2007 to August 2011
| April 2007 to August 2011
|-
! scope="row" | [[S. D. Shibulal]] |
| August 2011 to July 2014
|-
! scope="row" | [[Vishal Sikka]]
| [[Vishal Sikka]] || August 2014 to date<ref>{{cite web|title=Vishal Sikka to be CEO and MD of Infosys from August 1|url=http://news.biharprabha.com/2014/06/vishal-sikka-to-be-ceo-and-md-of-infosys-from-august-1/|publisher=news.biharprabha.com|accessdate=12 June 2014}}</ref>
| August 2014 to August 2017
 
|-
! scope="row" | [[U. B. Pravin Rao]] (interim)
| August 2017 to December 2017<ref name="Vishal_resigns" />
|-
! scope="row" | [[Salil Parekh]]
|January 2018 onwards<ref name="Parekh" />
|}
 
== Controversies ==
==Awards and recognitions==
* Infosys was in the list of top twenty green companies in [[Newsweek]]'s Green Rankings for 2012.<ref>{{cite web | title=Newsweek's Green Rankings 2012|work=Newsweek |url=http://www.thedailybeast.com/newsweek/2012/10/22/newsweek-green-rankings-2012-global-500-list.html |accessdate=3 July 2013}}</ref>
* The company has been voted India's most admired company in [[The Wall Street Journal]] Asia 200<ref>{{cite news | title=The Wall Street Journal Asia 200 |work=The Wall Street Journal | url=http://online.wsj.com/article/SB10001424052702304173704575577683613256368.html | date=2 November 2010 | accessdate=29 October 2012}}</ref>
 
=== Settlement of visa and tax fraud cases in the US ===
==Controversies==
 
In 2011, Infosys was accused of visa fraud for using [[B visa|B-1]] (visitor) visas for work that required [[H-1B visa|H-1B]] (work) visas. The allegations originated from an internal complaint by an American employee of Infosys, who subsequently filed a lawsuit against the company, claiming harassment and marginalization after raising the issue. Although the lawsuit was dismissed,<ref>{{cite news|url=https://www.nytimes.com/2012/08/21/us/alabama-judge-dismisses-infosys-whistle-blower-suit.html|title=Judge Dismisses Infosys Suit|work=The New York Times|date=20 August 2012|access-date=29 October 2012|first=Julia|last=Preston|archive-url=https://web.archive.org/web/20121021012506/http://www.nytimes.com/2012/08/21/us/alabama-judge-dismisses-infosys-whistle-blower-suit.html|archive-date=21 October 2012|url-status=live}}</ref> along with another similar case,<ref>[https://www.wsj.com/articles/SB10000872396390443537404577578653130863044 "Former Employee Sues Infosys"] {{Webarchive|url=https://web.archive.org/web/20170709234620/https://www.wsj.com/articles/SB10000872396390443537404577578653130863044|date=9 July 2017}}, 9 August 2012, ''The Wall Street Journal''</ref><ref>[http://www.deccanherald.com/content/271636/infosys-slashed-80-my-portfolio.html {{"'}}Infosys Slashed 80% of My Portfolio{{'"}}] {{Webarchive|url=https://web.archive.org/web/20121109081132/http://www.deccanherald.com/content/271636/infosys-slashed-80-my-portfolio.html|date=9 November 2012}}, Shayan Ghosh, 14 August 2012, ''Deccan Herald''</ref><ref>[http://www.indianexpress.com/news/infosys-says-settles-whistleblower-satya-dev-tripuraneni-visa-fraud-lawsuit/1045403 "Infosys Says Settles Whistleblower..."], 14 December 2012, ''The Indian Express''</ref> these allegations were brought to the attention of U.S. authorities, leading to investigations by the [[U.S. Department of Homeland Security]] and a [[federal grand jury]].<ref>{{cite web|last=Thibodeau|first=Patrick|title=Whistleblower to Continue Helping U.S. Infosys Probe|url=http://www.computerworld.com/s/article/9230419/Whistleblower_to_continue_helping_U.S._Infosys_probe|work=Computerworld|date=21 August 2012|access-date=27 September 2012|archive-url=https://web.archive.org/web/20121102154924/http://www.computerworld.com/s/article/9230419/Whistleblower_to_continue_helping_U.S._Infosys_probe|archive-date=2 November 2012|url-status=live}}</ref>
===Accusation of visa fraud===
In 2011, Infosys was accused of committing [[visa fraud]] by using [[B visa|B-1]] (visitor) visas for work requiring [[H-1B]] (work) visas. The allegations were initially made by an American employee of Infosys in an internal complaint. He subsequently sued the company, claiming that he was harassed and sidelined after speaking out. Although that case was dismissed,<ref>{{cite news |url=http://www.nytimes.com/2012/08/21/us/alabama-judge-dismisses-infosys-whistle-blower-suit.html |title=Judge dismisses Infosys suit |work=The New York Times |date=20 August 2012 |accessdate=29 October 2012 |first=Julia |last=Preston}}</ref> it along with another similar case,<ref>[http://online.wsj.com/article/SB10000872396390443537404577578653130863044.html "Former Employee Sues Infosys"], 9 August 2012, ''The Wall Street Journal''</ref><ref>[http://www.deccanherald.com/content/271636/infosys-slashed-80-my-portfolio.html "‘Infosys slashed 80% of my portfolio’"], Shayan Ghosh, 14 August 2012, ''Deccan Herald''</ref><ref>[http://www.indianexpress.com/news/infosys-says-settles-whistleblower-satya-dev-tripuraneni-visa-fraud-lawsuit/1045403 "Infosys says settles whistleblower..."], 14 Dec 2012, ''The Indian Express''</ref> brought the allegations to the notice of the US authorities&nbsp;— and the [[U.S. Department of Homeland Security]] and a [[federal grand jury]] started investigating.<ref>{{cite web |last=Thibodeau |first=Patrick |title=Whistleblower to continue helping U.S. Infosys probe |url=http://www.computerworld.com/s/article/9230419/Whistleblower_to_continue_helping_U.S._Infosys_probe |work=Computerworld|accessdate=2012-09-27}}</ref>
 
In October 2013, Infosys agreed to settle the civil suit with USU.S. authorities by paying US$34 million. While the company did not admit guilt, it stated that it settled to avoid the complications of "prolonged litigation".<ref>{{cite news |url=httphttps://articleswww.timesofindia.indiatimesgadgetsnow.com/2013-10tech-31news/software-services/43558764_1_bInfosys-1to-visaspay-bangalore34m-basedfine-infosyswithin-infosys10-statement days-settlement-not-to-affect-future-visas/articleshow/24952527.cms|title=Infosys to payPay $34m fineFine withinWithin 10 days.Days; settlementSettlement notNot to affectAffect future visas |newspaper=The Times of IndiaFuture Visas|date=31 October 2013 |accessdateaccess-date=2 November 2013}}</ref> Infosys refused to admit guilt and stressed that it only agreed to pay the fine to avoid the nuisance of 'prolonged litigation'.<ref>{{cite news |archive-url=https://web.archive.org/web/20131103021546/http://wwwarticles.firstposttimesofindia.indiatimes.com/business/infosys2013-doesnt10-admit31/software-toservices/43558764_1_b-guilt1-butvisas-willbangalore-paybased-34infosys-mninfosys-usstatement|archive-visa-fine-1203579.html |titledate=Infosys3 doesn’t admit to guilt, but will pay $34 mn US visa fineNovember 2013|newspaper=First[[The PostTimes |date=31 October 2013of India]]|accessdateurl-status=2 November 2013live}}</ref> InInfosys itsasserted statement the company saidthat, "As reflected in the settlement, Infosys denies and disputes any claims of systemic visa fraud, misuse of visas for competitive advantage, or immigration abuse. Those claims are untrue and are assertions that remain unproven"."<ref>{{cite news |url=http://articles.timesofindia.indiatimes.com/2013-10-30/software-services/43526427_1_infosys-visa-programmes-immigration-abuse |title=Infosys settlesSettles visaVisa fraudFraud investigationInvestigation, paysPays $34m |newspaperdate=The30 Times of IndiaOctober 2013|access-date=302 OctoberNovember 2013 |accessdatearchive-url=https://web.archive.org/web/20131102080442/http://articles.timesofindia.indiatimes.com/2013-10-30/software-services/43526427_1_infosys-visa-programmes-immigration-abuse|archive-date=2 November 2013|newspaper=[[The Times of India]]|url-status=dead}}</ref>
 
In December 2019, Infosys reached an $800,000 settlement with the State of California in a visa and tax fraud case. Between 2006 and 2017, nearly 500 Infosys employees were found to be working in the state on Infosys-sponsored B-1 visas instead of the required H-1B visas, enabling the company to avoid paying California [[payroll taxes]], including unemployment insurance, disability insurance, and employment training taxes.<ref>{{cite web|date=19 December 2019|first=Shilpa|last=Phadnis|title=Infosys Pays California $800,000 to Settle Visa Case|url=https://timesofindia.indiatimes.com/business/india-business/infosys-pays-california-8-lakh-to-settle-visa-case/articleshow/72878135.cms|access-date=23 October 2020|website=The Times of India}}</ref><ref>{{cite web|date=18 December 2019|title=Infosys to Pay $800,000 to Settle Worker Misclassification, Tax Fraud Charges|url=https://timesofindia.indiatimes.com/business/india-business/infosys-to-pay-800000-to-settle-worker-misclassification-tax-fraud-charges/articleshow/72862110.cms|access-date=23 October 2020|website=The Times of India}}</ref><ref>{{cite web|date=17 December 2019|title=Attorney General Becerra Announces $800,000 Settlement Against Infosys for Misclassification of Foreign Workers and Tax Fraud|url=https://oag.ca.gov/news/press-releases/attorney-general-becerra-announces-800000-settlement-against-infosys|access-date=23 October 2020|website=State of California – Department of Justice – Office of the Attorney General}}</ref><ref>{{Cite news|date=18 December 2019|title=Infosys to Settle Visa Violation Case in California for $800,000|work=The Hindu|url=https://www.thehindu.com/news/international/infosys-to-settle-visa-violation-case-in-california-for-800000/article30335612.ece|access-date=23 October 2020|issn=0971-751X}}</ref>
===Allegation of language bias===
In July 2014, former US employees of Infosys have filed a lawsuit against it for alleging discrimination because of their inability to communicate in Hindi. According to the lawsuit filed in the US District Court of Eastern District of Wisconsin, the former employees alleged that they were "excluded" from work conversations by their supervisors and co-workers who "regularly spoke in Hindi" in front of them. The case has been filed by Layla Bolten, Gregor Handloser and two more employees. Bolten was hired as a tester, while Handloser was hired by Infosys in 2004 as a sales manager.<ref>{{cite web|title=Former US employees of Infosys file a law suit|url=http://deccan-journal.com/content/american-employees-sue-infosys-0|work=Deccan-Journal|accessdate=18 July 2014}}</ref>
 
=== Malfunctioning government portals ===
===Displacement of American workers at Southern California Edison and Disney===
In 2015, the Department of Labor investigated Infosys after claims were made that the company used workers with H-1B visas to replace workers at Disney and Southern California Edison. Florida Sen. Bill Nelson also asked the Department of Homeland Security to investigate reports of layoffs at Disney.<ref>{{cite web|title=Department Of Labor Launches Investigation Into H-1B Visa Program | url=http://dailycaller.com/2015/06/11/department-of-labor-launches-investigation-into-h-1b-visa-program/#ixzz41VXLB9M2||work=Daily Caller|accessdate=28 February 2016}}</ref>
 
In 2013, technical issues emerged after Infosys took over the [[Ministry of Corporate Affairs|MCA21]] portal from [[Tata Consultancy Services]].<ref>{{cite news|title=MCA Portal Cripples After Switching Vendor from TCS to Infosys on January 17|url=https://economictimes.indiatimes.com/tech/internet/mca-portal-cripples-after-switching-vendor-from-tcs-to-infosys-on-january-17/articleshow/18248032.cms|access-date=10 July 2024|work=The Economic Times}}</ref><ref>{{Cite web|date=2021-06-22|title=Infosys Earlier Drew Flak for MCA21, GSTN Portal 'Issues'|url=https://indianexpress.com/article/business/companies/infosys-earlier-drew-flak-for-mca21-gstn-portal-issues-7369755/|access-date=2022-10-30|website=The Indian Express}}</ref> Similar problems arose in 2016 after a [[system migration]] and [[Software versioning|version update]].<ref>{{cite news|title=MCA21 Woes: Corporate Affairs Ministry Might Deduct Payments to Infosys|url=https://www.thehindu.com/business/mca21-woes-corporate-affairs-ministry-might-deduct-payments-to-infosys/article8523912.ece|access-date=10 July 2024|work=The Hindu|date=26 April 2016|language=en-IN}}</ref><ref>{{cite news|title=Why the MCA21 Portal Is a Pain to Use|url=https://www.livemint.com/Companies/RaT3ci2PpOjCKazJSdnakN/Why-the-MCA21-portal-is-a-pain-to-use.html|access-date=10 July 2024|work=Mint}}</ref>
==Deals==
* [[House of Fraser]], a British-based department store opted for Infosys as strategic partner to transform its business channel, IT infrastructure and to expand its global footprint. This multi-year deal is signed in the presence of Mr. Yuan Yafei, Chairman, Sanpower Group and Dr. Vishal Sikka, Chief Executive Officer, Infosys.<ref>{{cite web|url=http://www.indiainfoline.com/article/news-top-story/house-of-fraser-selects-infosys-to-deliver-strategic-retail-transformation-program-115042800283_1.html|title=House of Fraser selects Infosys to deliver strategic Retail Transformation Program|publisher=}}</ref>
* Infosys signed up multi year agreement with [[Deutsche Bank]] for supporting in development, application maintenance, digital and mobility, package implementation and testing services. This collaboration with Infosys will help Deutsche Bank to achieve its goals.<ref>{{cite web|url=http://www.financialexpress.com/article/companies/infosys-signs-multi-year-agreement-with-deutsche-bank/97142/|title=Infosys signs multi-year agreement with Deutsche Bank|date=8 July 2015|work=The Financial Express}}</ref>
 
In 2020, the finance ministry identified glitches in the [[Goods and Services Tax (India)|GSTN]] portal, leading to a summons for Infosys executives.<ref>{{cite news|title=FinMin Flags 17 'Areas of Dissatisfaction' with Infosys-Designed GSTN|url=https://www.business-standard.com/article/pti-stories/finmin-flags-17-areas-of-dissatisfaction-with-infosys-designed-gstn-120031100903_1.html|access-date=10 July 2024|work=Business Standard}}</ref><ref>{{cite news|title=GST Glitches: Top Infosys Executives Get Summons from Finance Ministry|url=https://timesofindia.indiatimes.com/business/india-business/gst-glitches-top-infosys-executives-get-summons-from-finance-ministry/articleshow/73787360.cms|access-date=10 July 2024|work=The Times of India|date=31 January 2020}}</ref> In 2022, chartered accountants and [[tax professional]]s raised concerns over technical issues with the GSTN portal.<ref>{{Cite web|date=2022-10-21|title=Slow GST Portal: September Returns Filing Due Date May Be Extended|url=https://www.zeebiz.com/india/news-slow-gst-portal-september-returns-filing-due-date-may-be-extended-204217|access-date=2022-10-30|website=Zee Business}}</ref><ref>{{Cite web|title=GST at 5: Accountants Still Confront Major Issues in Filing Returns|url=https://www.moneycontrol.com/news/business/banks/gst-at-5-accountants-still-confront-major-issues-in-filing-returns-8742191.html|access-date=2022-10-30|website=Moneycontrol|date=27 June 2022}}</ref>
==Noteworthy sustainability practices==
 
In 2015, the company joined RE100, a global group of companies that aims to generate their energy fully from renewable sources.<ref>{{cite web|url=http://www.infosys.com/newsroom/press-releases/Pages/join-renewable-energy-campaign.aspx|title=Infosys Becomes the First Indian Company to Join RE100 Renewable Energy Campaign|author=Infosys Limited|publisher=|accessdate=2 July 2015}}</ref> Infosys aims for this by 2018, and expects to go carbon neutral by the same year.<ref>{{cite web|url=http://www.thehindubusinessline.com/features/smartbuy/tech-news/infosys-aims-to-go-green-by-2018/article7219991.ece|title=Infosys aims to go green by 2018|author=PTI|work=The Hindu Business Line|accessdate=2 July 2015}}</ref><ref>{{cite web|url=http://www.downtoearth.org.in/content/infosys-switch-renewable-energy-go-carbon-neutral|title=Infosys to switch to renewable energy, go carbon neutral|work=Down To Earth|accessdate=2 July 2015}}</ref>
In 2021, the newly launched [[Income Tax Department|Income Tax]] portal, developed by Infosys, encountered multiple glitches. Despite a summons for Infosys CEO [[Salil Parekh]], the issues remained unresolved for months, forcing an extension of the tax filing deadline.<ref>{{cite news|title=Finance Ministry Summons Infosys CEO Again on Tax Portal Glitches|url=https://www.thehindubusinessline.com/news/finmin-summons-infosys-md-ceo-salil-parekh-to-explain-non-resolution-of-i-t-portal-glitches/article36042487.ece|access-date=10 July 2024|work=The Hindu Businessline}}</ref><ref>{{cite news|title=CBDT Extends Due Date for Filing of IT Returns for AY 2021-22 Till December 31|url=https://www.hindustantimes.com/business/cbdt-extends-due-date-for-filing-of-it-returns-for-ay-2021-22-till-december-31-101631196079624.html|access-date=10 July 2024|work=Hindustan Times|date=9 September 2021|language=en}}</ref> In 2022, users continued to report malfunctions and issues on the first anniversary of the portal's launch.<ref>{{Cite news|title=Income Tax Portal Develops Snag on First Anniversary, Govt Asks Infosys to Look into Issue|work=The Economic Times|url=https://economictimes.indiatimes.com/news/economy/policy/a-year-on-since-launch-i-t-portal-marred-with-another-glitch-infosys-directed-to-fix-issue/articleshow/92056970.cms|access-date=2022-10-30}}</ref><ref>{{Cite web|date=2022-07-03|title=Taxpayers Facing Issues in Accessing Income Tax Dept Portal; Infosys Reacts|url=https://tech.hindustantimes.com/tech/news/taxpayers-facing-issues-in-accessing-income-tax-dept-portal-infosys-reacts-71656826720808.html|access-date=2022-10-30|website=HT Tech}}</ref><ref>{{Cite web|date=2022-06-08|title=Infosys' I-T Portal Continues to Experience Glitch Issues Since Its Launch in June 2021|url=https://www.news18.com/news/tech/taxing-experience-how-infosys-designed-i-t-portal-has-been-mired-in-glitches-since-launch-in-june-2021-5334193.html|access-date=2022-10-30|website=News18}}</ref>
 
=== Tracking software ===
It was reported in late 2013 that Infosys’ plan to install software to track the actual time staff spent on their computers was causing resentment among employees.<ref>{{cite news|author=Vivek Sinha|title=Infosys employees upset over software meant to ‘spy’ on them| url=https://www.hindustantimes.com/india/infosys-employee-upset-over-software-meant-to-spy-on-them/story-uK3oDfe0qdNSNidLZlKNXN.html|publisher=[[Hindustan Times]]}} 26 December 2013 </ref>
 
==See also==
* [[List of IT consulting firms]]
* [[List of Indian IT companies in India]]
* [[Infosys BPO#Acquisitions|List of acquisitions by Infosys BPO Limited]]
{{Portalbar|Companies|Information technology}}
 
==References==
{{Reflist|30em}}
 
==External links==
{{Commons category}}
<!-- ATTENTION! Please do not add links without discussion and consensus on the talk page.-->
* {{official website|http://www.infosys.com/}}
{{finance links|name=Infosys Ltd|symbol=INFY|sec_cik=1067491|hoovers=Infosys_Technologies_Limited.99f6f703dd357efb}}
* {{YouTube|u=Infosys|Infosys}}
{{ finance links
| name = Infosys Ltd
| symbol = INFY
| sec_cik = 1067491
| hoovers = Infosys_Technologies_Limited.99f6f703dd357efb
}}
 
{{Navboxes|list=
{{Infosys}}
{{MajorNifty information technology200 companies}}
{{Major Indian companies}}
{{BSE Sensex}}
{{CNX Nifty companies}}
{{Major information technology consulting and outsourcing companies}}
 
{{Contract research organization}}
}}
{{Portal bar|India|Companies}}
{{Authority control}}
 
{{DEFAULTSORT:Infosys}}
[[Category:Infosys| ]]
[[Category:Information technology consulting firms of India]]
[[Category:International information technology consulting firms]]
Line 220 ⟶ 307:
[[Category:Multinational companies headquartered in India]]
[[Category:Technology companies established in 1981]]
[[Category:1981Indian establishmentscompanies established in India1981]]
[[Category:Information technology companies of BhubaneswarBengaluru]]
[[Category:Outsourcing in India]]
[[Category:BSE SENSEX]]
[[Category:CNXNIFTY Nifty50]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Companies listed on the New York Stock Exchange]]
[[Category:Indian brands]]
[[Category:1981 establishments in Karnataka]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Family-owned companies of India]]