Bengaluru, India – October 07, 2021
Infosys Foundation, the philanthropic and CSR arm of Infosys (NSE, BSE, NYSE: INFY), today announced the inauguration of the ‘Infosys Foundation Asha Nivas Dharamshala’ (rest house), at The Advanced Centre for Treatment, Research and Education in Cancer (ACTREC) campus of Tata Memorial Centre, in Navi Mumbai.
The Infosys Foundation Asha Nivas, built to provide accommodation to underprivileged patients and their attendees, is a thirteen-storey building, with a built-up area of 2,30,850 sq. ft. It has been constructed at an estimated cost of INR 80 crore, and was inaugurated virtually by Shri. Uddhav Balasaheb Thackeray, Honourable Chief Minister of Maharashtra, along with Chief Guest, Mrs. Sudha Murty, Chairperson, Infosys Foundation. Shri. K.N. Vyas, Secretary, Department of Atomic Energy & Chairman, Atomic Energy Commission and Dr. R.A. Badwe, Director, Tata Memorial Centre, Mumbai, were also present virtually during the inauguration.
Speaking on the occasion, Mrs. Sudha Murty, Chairperson, Infosys Foundation, said, “Treatment of Cancer is extremely expensive, and many people find it beyond their means to afford sustainable medical care. Infosys Foundation has been dedicated towards providing healthcare facilities to underprivileged communities in India, and the Infosys Foundation Asha Nivas is one such step towards supporting patients and their families in taking care of their ancillary costs, such as accommodation, when they travel for treatment. We are very happy that this dharamshala is now ready and that we have been able to be a part of Tata Memorial Centre’s vision.”
Dr. R A Badwe, Director, Tata Memorial Centre, Mumbai, said, “We are privileged to have organizations such as the Infosys Foundation taking steps to provide accommodations to underprivileged patients and their attendees through the inauguration of the Infosys Foundation Asha Nivas Dharamshala in our campus. This initiative will play a significant role in boosting India’s healthcare ecosystem. We thank Infosys Foundation for its support and assistance in our endeavour.”
This initiative further adds to Infosys Foundation’s efforts to expand hospital and quarantine facilities and ensure proper medical treatment for the public. Over the last one and a half years, Infosys committed a total of INR 200 Crore for Covid relief efforts across India. The Infosys Foundation also set up a 150-bed Covid care hospital in Bengaluru, in partnership with the state government. The Foundation recently supported the construction of a 75,000 sq. ft state-of-the-art, multi-disciplinary Outpatient Department (OPD) block at the Kidwai Memorial Institute of Oncology, Bengaluru, and a Silver Jubilee medical block at the Ramakrishna Sevashrama in Pavagada, Karnataka.
Established in 1996, the Infosys Foundation supports programs in the areas of education, rural development, healthcare, arts and culture, and destitute care. Its mission is to work in remote regions of several states in India. The Infosys Foundation takes pride in working with all sections of society, selecting projects with infinite care, and working in areas that are traditionally overlooked by society at large. For more details, please log on: https://www.infosys.com/infosys-foundation
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Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2021. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
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