In 1981, seven engineers started Infosys Limited with just US$250. From the beginning, the
company was founded on the principle of building and implementing great ideas that drive
progress for clients and enhance lives through enterprise solutions. For over three decades, we
have been a company focused on bringing to life great ideas and enterprise solutions that drive
progress for our clients.
We recognize the importance of nurturing relationships that reflect our culture of unwavering
ethics and mutual respect. It will come as no surprise, then, that 98 percent of our revenue comes
from existing clients (as of September 30, 2013).
Infosys has a growing global presence of more than 160,000+ employees worldwide, 73 offices
and 94 development centers in the United States, India, China, Australia, Japan, Middle East, and
Europe.
At Infosys, we believe our responsibilities extend beyond business. That is why we established
the Infosys Foundation to provide assistance to some of the more socially and economically
depressed sectors of the communities in which we work. And that is why we behave ethically
and honestly in all our interactions with our clients, our partners and our employees.
History
Established in 1981, Infosys is a NYSE listed global consulting and IT services company with
more than 158,000 employees. From a capital of US$ 250, we have grown to become a US$
8.095 billion (LTM Q3 FY14 revenues) company with a market capitalization of approximately
US$ 33 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
2014
The Infosys Prize, offered by the Infosys Science Foundation completes five years
2013
Infosys Edge wins the NASSCOM Business Innovation Award for 2013
Infosys presented with 2013 Environmental Tracking Carbon Ranking Leader award
2012
2011
Infosys crosses US$ 6 billion revenue mark, employee strength grows to over 130,000
2010
2009
Infosys opens its first development center in Brazil and second Latin American
development center in Monterrey, Mexico
2008
2007
Kris Gopalakrishnan, COO, takes over as CEO. Nandan M. Nilekani is appointed CoChairman of the Board of Directors
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
2004
2003
2002
Nandan M. Nilekani takes over as CEO from N.R. Narayana Murthy, who is appointed
Chairman and Chief Mentor
Infosys and the Wharton School of the University of Pennsylvania set up The Wharton
Infosys Business Transformation Awards (WIBTA)
2001
Touches revenues of US$ 400 million. Opens offices in UAE and Argentina, and a
development center in Japan
2000
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
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
1998
1997
1996
1995
Opens first European office in the UK and global development centers at Toronto and
Mangalore. Sets up e-Business practice
1994
1993
Goes public
1987
1983
1981
Infosys is established by N. R. Narayana Murthy and six engineers in Pune, India, with
an initial capital of US$ 250
Corporate Governance
Corporate governance is about maximizing shareholder value legally, ethically and on a
sustainable basis. At Infosys, the goal of corporate governance is to ensure fairness for every
stakeholder our customers, investors, vendor-partners, the community, and the governments of
the countries in which we operate.We believe that sound corporate governance is critical in
enhancing and retaining investor trust.It is a reflection of our culture, our policies, our
relationship with stakeholders and our commitment to values.Accordingly, we always seek to
ensure that we attain our performance rules with integrity.
Our Board exercises its fiduciary responsibilities in the widest sense of the term. Our disclosures
seek to attain the best practices in international corporate governance. We also endeavor to
enhance long-term shareholder value and respect minority rights in all our business decisions.
We continue to be a pioneer in benchmarking our corporate governance policies with the best in
the world. Our efforts are widely recognized by investors in India and abroad. We have been
audited for corporate governance by the Investment Information and Credit Rating Agency
( ICRA) and the Credit Rating Information Services of India Limited (CRISIL) and have been
awarded a rating of CGR 1 and GVC Level 1 respectively.
We are also in compliance with the recommendations of the Narayana Murthy Committee on
Corporate Governance, constituted by the Securities and Exchange Board of India (SEBI).
Satisfying the spirit of the law and not just the letter of the law
Communicating externally, in a truthful manner, about how the Company is run internally
Complying with the laws in all the countries in which the Company operates
Having a simple and transparent corporate structure driven solely by business needs
Management is the trustee of the shareholders' capital and not the owner
Board composition
At the core of our corporate governance practice is the Board, which oversees how the
management serves and protects the long-term interests of all our stakeholders. The majority of
our Board, nine out of 16, are independent members. As active and well informed of the board,
they are fully committed to ensuring the highest standards of corporate governance. In addition,
the independent directors make up the audit, compensation, investor grievance, nominations and
the risk management committees, bringing their valuable perspective to the board.
As a part of our commitment to follow global best practices, we comply with the
Euroshareholders Corporate Governance Guidelines 2000, and the recommendations of the
Conference Board Commission on Public Trusts and Private Enterprises in the U.S. We also
adhere to the UN Global Compact Program.
For more information, download our Annual Report