History
Established in 1981, Infosys is a NYSE listed global consulting and IT services company with more than 155,000 employees. From a capital of US$ 250, we have grown to become a US$ 7.398 billion (FY14 revenues) company with a market capitalization of approximately US$ 31 billion.
In our journey of over 30 years, we have catalyzed some of the major changes that have led to India's emergence as the global destination for software services talent. We pioneered the Global Delivery Model and became the first IT company from India to be listed on NASDAQ. Our employee stock options program created some of India's first salaried millionaires.
Read more about the defining moments in the history of Infosys.
Milestones
2012
- Listed on the NYSE market
- Infosys acquires Lodestone Holding AG, a leading management consultancy based in Switzerland
- Forbes ranks Infosys among the world's most innovative companies
- Infosys among top 25 performers in Caring for Climate Initiative
- Infosys crosses the US$ 7 billion revenue mark
2011
- N. R. Narayana Murthy hands over chairmanship to K.V. Kamath
- Infosys crosses US$ 6 billion revenue mark, employee strength grows to over 130,000
2010
- Infosys crosses the US$ 5 billion revenue mark
2009
- Infosys opens its first development center in Brazil and second Latin American development center in Monterrey, Mexico
- Infosys selected as a member of The Global Dow
- Employee strength grows to over 100,000
2008
- Infosys crosses revenues of US$ $ 4.18 billion
- Annual net profits cross US$ 1 billion
2007
- Infosys crosses revenues of US$ 3 billion. Employees grow to over 70,000+
- Kris Gopalakrishnan, COO, takes over as CEO. Nandan M. Nilekani is appointed Co-Chairman of the Board of Directors
- Opens new subsidiary in Latin America
- Reports Q2 revenue of over US$ 1billion
2006
- Infosys celebrates 25 years. Revenues cross US$ 2 billion. Employees grow to 50,000+
- N. R. Narayana Murthy retires from the services of the company on turning 60. The Board of Directors appoints him as an Additional Director. He continues as Chairman and Chief Mentor of Infosys
2005
- Records the largest international equity offering of US$ 1 billion from India
- Selected to the Global MAKE Hall of Fame
2004
- Revenues reach US$ 1 billion
- Infosys Consulting Inc. is launched
2003
- Establishes subsidiaries in China and Australia
- Expands operations in Pune and China, and sets up a development center in Thiruvananthapuram
2002
- Touches revenues of US$ 500 million
- Nandan M. Nilekani takes over as CEO from N.R. Narayana Murthy, who is appointed Chairman and Chief Mentor
- Opens offices in the Netherlands, Singapore and Switzerland
- Sponsors secondary ADS offering
- Infosys and the Wharton School of the University of Pennsylvania set up The Wharton Infosys Business Transformation Awards (WIBTA)
- Launches Progeon, offering business process outsourcing services
2001
- Touches revenues of US$ 400 million. Opens offices in UAE and Argentina, and a development center in Japan
- N. R. Narayana Murthy is rated among Time Magazine/CNN's 25 most influential businessmen in the world
- Infosys is rated as the Best Employer by Business World/Hewitt
2000
- Touches revenues of US$ 200 million
- Opens offices in France and Hong Kong, a global development center in Canada and UK, and three development centers in the US
- Re-launches Banks 2000, the universal banking solution from Infosys, as Finacle™
1999
- Touches revenues of US$ 100 million. Listed on NASDAQ
- Infosys becomes the 21st company in the world to achieve a CMM Level 5 certification
- Opens offices in Germany, Sweden, Belgium, Australia, and two development centers in the US
- Infosys Business Consulting Services is launched
1998
1997
- Opens an office in Toronto, Canada
- Infosys is assessed at CMM Level 4
1996
- The Infosys Foundation is established
1995
- Opens first European office in the UK and global development centers at Toronto and Mangalore. Sets up e-Business practice
1994
- Moves corporate headquarters to Electronic City, Bangalore. Opens a development center at Fremont
1993
- Introduces Employee Stock Options (ESOP) program
- Acquires ISO 9001/TickIT certification
- Goes public
1987
- Opens first international office in Boston, US
1983
- Relocates corporate headquarters to Bangalore
1981
- Infosys is established by N. R. Narayana Murthy and six engineers in Pune, India, with an initial capital of US$ 250
- Signs up its first client, Data Basics Corporation, in New York