Infosys Indians IT firm
Infosys Limited is an Indian multinational corporation that provides business consulting, information technology and outsourcing services. It has its headquarters in Bangalore, Karnataka, India.
Infosys was established by seven engineers in Pune, Maharashtra, India with an initial capital of $250 in 1981. It was registered as Infosys Consultants Private Limited on 2 July 1981.In 1983, it relocated its office to Bangalore, Karnataka, India.
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.
An initial public offer (IPO) in February 1993 with an offer price of ₹95 (equivalent to ₹510 or US$7.40 in 2018) per share against book value of ₹20 (equivalent to ₹110 or US$1.60 in 2018) per share was undersubscribed but it was “bailed out” by US investment bank Morgan Stanley, which picked up 13% of equity at the offer price. Its shares were listed in stock exchanges in June 1993 with trading opening at ₹145 (equivalent to ₹790 or US$11 in 2018) per share.
Its shares were listed on NASDAQ in 1999 through ADR route. The share price surged to ₹8,100 (equivalent to ₹26,000 or US$380 in 2018) by 1999 making it the costliest share on the market at the time. At that time, Infosys was among the 20 biggest companies by market capitalization on the NASDAQ. The ADR listing was shifted from NASDAQ to NYSE Euronext to give its European investors better access to its stock
1981; Infosys is established by N R Narayana Mootry and six engineers in Pune India with intial capital of 250$
and first client Data Basics Corperations New york Usa.
1983: Relocated to Bangalore India
1987:First International office Boston Usa
1993:Introduce Employee Stock Options program(ESOP)
Acquires ISO 9001/TickIT company
An initial public offer (IPO) in February 1993 with an offer price of ₹95
1994:Move to Electronic City Bangalore and open development center
1995:First European Office UK and development center in Mangalore
1996:Infosys Foundation started.
1997:started Canada Office in Torando
1998;Start enterprise solution practise(packaged application
1999: Touch Revenue of 100$ million and listed in NASDAQ
21st Company to achieve CMM level 5 certification in the world.
Open office in Germany,Sweden,Belgium,Australia and 2 development center in US
2000:Touched revenue of 200 $ million
Open office in France and Canada
2001: Revenue of 400$ million
Time magazine selected Narayana Mootry is the 25 most influneced Business man.
2004 : Annual revenue touch 1billion $
2005: First Indian company to achive 1$ billion International Equity Offer