Infosys, a prominent player in the IT sector, has established itself as a major company in India. With its headquarters situated in Bangalore, the largest city of Indian state Karnataka. Infosys is known for delivering a wide range of services to its clients such as business consulting, Information Technology, and outsourcing.
Infosys is considered the second-largest IT company in India after TCS(Tata Consultancy Services). Infosys is currently present in over 56+ countries around the Globe. The company was established on 2 July 1981 in Pune by seven engineers with an initial investment of US $250 and has been grossing billions in today’s date in over 40 years. At present, Infosys is ranked among the top three IT services brands in the World by Brand Finance.
The current CEO of Infosys is Salil Parekh and the current Chairman of the company is Nandan Nilekani who formerly served a the CEO of Infosys between August 2014 and August 2017.
History Of Infosys
The company was established by Nagavara Ramarao Narayana Murthy, Nandan Nilekani, Kris Gopalakrishnan, Shibulal, K. Dinesh, Nadathur Sarangapani Raghavan, and Ashok Arora in 1981 as Infosys Consultants Private Limited. The company’s first client was Data Basics Corporation, based in New York. Infosys expanded rapidly, opening its first international office in Boston, US, in 1987.
The company was renamed Infosys Technologies Private Limited in 1992 and then Infosys Technologies Limited, before becoming Infosys Limited in 2011. Infosys established its first European office in the UK in 1995 and created the Infosys Foundation in 1996. Infosys successfully touched a revenue of around US$ 100 million in 1999 within the 2 decades of its operation which was started from just US$ 250. Within the next year, Infosys reached a global revenue of 200 million dollars. N.R. Narayana Murthy was rated among the top 25 influential businessperson by Time Magazine.
In 2002, Nandan M. Nilekani was appointed as the new CEO of Infosys, and in the same year Infosys opened its branches in Switzerland, the Netherlands, and Singapore. With its massive growth in the global market, the company successfully reaches a revenue of US$ 1 billion in 2004. So it took 25 years to reach the annual revenue of 1 billion dollars.
Again in 2007, Kris Gopalakrishnan took over Nandan M. Nilekani as CEO of Infosys, and in the course of years, Infosys has been providing its services around the world. The company has also been ranked number 2 on Forbes ‘World’s Best Regarded Companies‘ list in 2019. It is one of the fastest-growing IT company today.
Financial Performance of Infosys
As of 2024, Infosys has a net worth or market capitalization of $75 billion. In 2023, Infosys did a whooping revenue of US$ 19 billion, which was a growth of 20.7% compared to the previous years and the company’s net income was US$ 3 billion. Around 62.2% of the total revenue comes from digital technology services and solutions.
Infosys reported the number of employees around the world to be 340k+ with nearly 50k fresh graduates hired. and has an employee satisfaction score of 82%. As of 2023, 39.4% of the total employees were women. In 2016, 89% of its employees were based in India. And Infosys has 735 patents in its name.
The following table shows the net yearly revenue of Infosys over its history;
| YEAR | REVENUE (INR) |
| 1981 | an initial investment of $250 |
| 1999 | revenue of $100 million |
| 2000 | revenue of $200 million |
| 2001 | revenue of $400 million |
| 2002 | revenue of $500 million |
| 2004 | revenue of $1 billion |
| 2006 | revenue of $2 billion |
| 2008 | revenue of $4 billion |
| 2010 | revenue of $5 billion |
| 2011 | revenue of $6 billion |
| 2014 | revenue of 55,000 crore |
| 2016 | revenue of $ 10 billion |
| 2021 | revenue of 100,000 crore |
Related: Tata Motors – Company Analysis, Net worth, History, Success, Yearly Revenue
Subsidiaries of Infosys
Infosys BPM
Infosys BPM, where BPM stands for Business Process Management is a subsidiary of Infosys and was started in April 2002 as Progeon Limited based in Bengaluru, India. Infosys BPM provides integrated outsourcing and transformation services. Anantha Radhakrishnan is the current CEO and MD of the Infosys BPM.
Infosys BPM functions across 35 delivery sites spanning 14 countries across Asia, the Americas, Europe, and other regions worldwide, with the majority of its workforce situated in India.
In 2018, the company underwent a name change to become Infosys BPM, having previously operated under the name Infosys BPO Limited since 2006. Subsequently, in 2019, Infosys BPM entered into a joint venture with Hitachi, Panasonic, and Pasona.
As of December 2023, Infosys BPM employs around 56,541 employees and was able to generate a revenue of US $1.5 billion in the fiscal year 2023.
Infosys Panaya
Infosys Panaya is a subsidiary company of Infosys which focuses on Software as a Service (SaaS) aspect and provides cloud-based testing and change impact analysis to their clients. The company was acquired by Infosys in 2015.
The CEO of the company is David Binny. The headquarter of the company is in Hod Hasharon, Israel. The company operates its offices in North America, Europe and Japan. The company employs only around 200+ employees.
“The acquisition of Panaya is a key step in renewing and differentiating our service lines. This will help amplify the potential of our people, freeing us from the drudgery of many repetitive tasks, so we may focus more on the important, strategic challenges faced by our clients. At the same time, Panaya’s proven technology helps dramatically simplify the costs and complexities faced by businesses in managing their enterprise application landscapes.” – Dr. Vishal Sikka, Former CEO of Infosys
Services and Products of Infosys
Infosys mainly provides technological services worldwide. Some of its major services are as listed below;
- NIA – Next Generation Integrated AI Platform
- Infosys Consulting – a global management consulting service
- Cloud-based enterprise transformation services
- Infosys Information Platform (IIP), an analytics platform
- Panaya Cloud Suite
- Skava
- Engineering Services
- Digital Marketing
- Blockchain
Environment, Social and Governance
“The company’s ESG roadmap for 2030 reflects its continued aspiration to be a well-governed model organization for diverse talent with an inclusive workplace and community strategies to leverage technology for good” – Salil Parekh, CEO of Infosys
According to ESG Report 2023, the main purpose of Infosys is to amplify human potential and create the next opportunity for people, businesses and communities
Infosys works on three strategies:
- Empowering people with meaningful work and passionate teams, enabling them to find their purpose and make an impact. It is all about finding and then building what is next for the industries that we serve.
- Ensuring that people, as a result of their endeavors, are continuously learning and progressing in their careers, and shaping their’s as well as the company’s collective future.
- Equipping every employee to navigate further, powered by culture and partnered by dozens of other Infoscions with shared aspirations.
Infosys also shared the report of being carbon neutral for 4 years in a row and 100% wastewater recycled within their campuses.
Awards and Achievements
- Infosys has been ranked 64th and is the only Indian company to be featured in TIME magazine’s World’s Best Companies 2023’s list.
- In 2024, Infosys is recognized as one of the World’s Most Ethical Companies, for the Fourth Consecutive Year by Ethisphere.
- In 2023, Infosys has been recognized as one of the best organizations for women by The Economic Times.
- In 2022, Infosys was awarded 1st place in the Indian Chamber of Commerce – Corporate Governance and Sustainability Vision Awards 2022.
- In 2020, Infosys was ranked No. 1 in the HFS Top 10 Agile Software Development 2020 report.
- In 2019, Infosys was ranked as the 3rd Best Regarded Company in the World by Forbes.
- In 2016, Infosys won the Golden Peacock Award at the 16th London Global Convention on ‘Corporate Governance and Sustainability’.
So, Infosys has been the leading IT company of India, which serves around the world. Infosys is also providing a lot of opportunities to the new generation. The company is active in providing services for the welfare of the general public and the country. Infosys is a promising player in the market of technology services. Infosys is providing jobs and working for environment conservation and sustainability. Infosys has come a long way to be one of the biggest Indian company serving worldwide.
