Last Updated on October 10, 2023 by BFSLTeam BFSLTeam
Established by a group of visionaries, Infosys has not only reshaped the software landscape but also put India on the global IT map. With its phenomenal rise, Infosys has constantly adapted, grown, and expanded, creating benchmarks in the industry. By understanding the incredible journey of Infosys, from a modest beginning to a global powerhouse, we can grasp the relentless spirit of innovation and enterprise that characterises the Indian tech sector. With a staggering market cap of ₹6.08 trillion, an employee strength of over 336K, and its presence felt in numerous countries, the legacy of Infosys is a testament to its prowess and vision.
Table of Content
About Infosys
Infosys Limited, renowned globally, is a key player that has elevated India’s stature in the IT services domain. Its metrics and milestones paint a picture of success, growth, and resilience.
| Attribute | Details |
| Founder | N. R. Narayana Murthy Co-Founders:Nandan Nilekani Kris Gopalakrishnan S. D. Shibulal K. Dinesh N. S. RaghavanAshok Arora |
| Industry Type | IT Services & Consulting |
| Founded | 1981 |
| Headquarters | Bangalore, India |
| Countries Present In | Operates in over 50 countries |
| Employee Strength | Over 336K |
| Market Cap | ₹6.08 trillion |
| Listed On | BSE, NSE, NYSE, NASDAQ |
| Products and Services | IT services, IT consulting, Finacle™, Infosys Nia, EdgeVerve, Infosys Cortex, among others |
| Global Development Centres | Multiple centres across countries like USA, UK, Canada, Japan, UAE, Argentina, etc. |
Additional Read: TCS
Overview of Infosys
Established in 1981, Infosys began its journey from Pune, spearheaded by the visionary N. R. Narayana Murthy and a small team of six engineers. From its humble beginnings with a modest capital of US$250, it quickly emerged, transforming into a global giant in IT services and consultancy. With its headquarters now in Bangalore, the tech capital of India, Infosys has a commendable presence in over 50 countries worldwide. The company stands out for its innovative approaches, consistently evolving service offerings, and deep-rooted commitment to sustainability and ethical business practices. As of now, Infosys is a shining testament to Indian IT prowess on the global stage.
Infosys Historical Timeline and Major Events
1981: Founded by N. R. Narayana Murthy along with six engineers. The company also began its journey by signing up its first client, Data Basics Corporation, in New York.
1987: The global ambitions of Infosys became evident as they opened their first international office in Boston, US.
1993: A landmark year, as Infosys introduced the Employee Stock Options (ESOP) program, acquired the ISO 9001/TickIT certification and went public.
1994: The corporate headquarters shifted to the tech hub, Electronic City in Bangalore. This year also marked the opening of a development centre in Fremont.
1995: Infosys continued its global expansion by opening its first European office in the UK. Additionally, global development centres in Toronto and Mangalore were established, along with the inception of the e-business practice.
1999: Infosys touched the revenue mark of US$100 million and was listed on NASDAQ. The company became the 21st in the world to achieve a CMM Level 5 certification.
2000: Infosys doubled its 1999 revenue by achieving US$200 million. It also expanded its offices to France and Hong Kong, opened global development centres in Canada, the UK, and the US, and relaunched its banking solution as Finacle™.
2001: Revenue touched US$400 million. Infosys expanded its footprint to UAE and Argentina and opened a development centre in Japan.
2004: Infosys touched the billion-dollar mark in annual revenues, and Infosys Consulting Inc. was launched.
2011: Leadership transition saw N. R. Narayana Murthy handing over the chairmanship to K.V. Kamath and S.D. Shibulal taking over as CEO and MD. The company crossed the US$6 billion revenue mark.
2012: Infosys got listed on the NYSE and made a significant acquisition by taking over Lodestone Holding AG. It was also ranked among the world’s most innovative companies by Forbes.
2021: Infosys achieved a landmark revenue milestone of ₹100,000 crore in FY 21, and announced its Canadian expansion
2023: Infosys has been recognised globally for its ethical practices, employer standards, and brand value, marking another successful year in its journey.
Additional Read: Reliance Industries Ltd.
Major Acquisitions by Infosys
Infosys, since its inception, has not only grown organically but has also expanded its wings through strategic acquisitions. These acquisitions have not only amplified Infosys’ capabilities but have also broadened its geographical presence and diversified its service offerings. Let’s take a look at some of the major acquisitions:
Lodestone Holding AG (2012)
- A leading management consultancy based in Switzerland.
- Through this acquisition, Infosys strengthened its consulting and systems integration capabilities.
- This acquisition also expanded the company’s presence in Europe, enhancing its global footprint.
Panaya Inc (2015)
- An enterprise resource planning (ERP) services company.
- Panaya’s CloudQuality suite allows Infosys to bring automation to several of its service lines via an agile SaaS model.
- It marked a new direction in enhancing Infosys’ AI capabilities.
Skava (2015)
- A San Francisco-based digital experience solutions provider.
- With Skava, Infosys expanded its services in the digital marketing space, particularly in areas like mobile commerce and modern e-commerce platforms.
Noah Consulting (2015)
- A leading advanced information management consulting firm.
- This acquisition allowed Infosys to offer end-to-end data management services to the oil and gas industry, demonstrating industry-specific growth.
Brilliant Basics (2017)
- A London-based design and customer experience innovator.
- This acquisition enhanced Infosys’ digital design and customer experience services, providing a gateway to Europe’s vibrant design community.
WONGDOODY (2018)
- A US-based creative and consumer insights agency.
- Through WONGDOODY, Infosys was able to offer clients creative talent and deep marketing insights, furthering its position in the marketing domain.
Simplus (2020)
- A Salesforce consulting and advisory firm.
- With the acquisition of Simplus, Infosys reinforced its global presence as a leading Salesforce enterprise cloud services provider.
Kaleidoscope Innovation (2020)
- A product design and development firm.
- This acquisition enhanced Infosys’ capabilities in medical devices, consumer, and industrial markets across the US.
Additional Read: HDFC BANK
Products of Infosys
Finacle™
Finacle™ is a universal banking solution designed to meet the diverse requirements of banks, spanning core banking, e-banking, mobile banking, CRM, payments, and more. Its state-of-the-art design offers scalable and resilient banking solutions that give banks the ability to deliver a wide range of innovative financial services across customer touchpoints.
Infosys Nia
Infosys Nia is an AI-driven platform for automating complex tasks and amplifying capabilities. From data management to analytics and cognitive capabilities, Nia streamlines and enhances various business processes. This platform assists companies in drawing insights, forecasting future shifts, and formulating data-backed strategies.
EdgeVerve Systems
An Infosys subsidiary, EdgeVerve brings a portfolio of products that address areas like robotic process automation, AI, customer service, and more. One of its products, AssistEdge, offers an integrated automation platform that transforms customer service, back-office processing, and intra-business functions.
Infosys Cortex
Introduced as an AI-first, Cloud-first customer engagement platform, Infosys Cortex revolutionises how businesses interact with their customers. It uses advanced AI and machine learning algorithms to offer insights and predictions, streamlining customer interactions and ensuring more personalised engagement.
Infosys McCamish
A leader in providing advanced insurance platform solutions, Infosys McCamish extends its capabilities in areas like life insurance, annuities, and retirement services. Its VPAS (Variable Product Administration System) is renowned for offering a comprehensive platform for policy administration.
Infosys Cloud Services
As businesses migrate to cloud platforms, Infosys offers end-to-end cloud services. This includes cloud consulting, migration, cloud-native app development, and cloud infrastructure services. Their strategy focuses on maximising the potential of cloud resources while ensuring security and cost-efficiency.
Infosys Wingspan
A next-generation learning solution, Wingspan is Infosys’s cloud-first and mobile-first platform that offers a seamless learning experience. It aids companies in skill development, ensuring their workforce remains updated with the latest trends and technologies.
Infosys TradeEdge
TradeEdge is a cloud-based solution that offers insights-driven and fast-market responsive business processes. Designed for the retail industry, it empowers businesses to have better visibility into their operations and streamline their supply chain management.
Conclusion
Infosys, a pillar of the Indian IT sector, has showcased a remarkable journey from its modest beginnings in Pune to its global prominence today. With a focus on innovation, excellence, and strategic growth, it serves as an inspiration for many enterprises. As the digital age progresses, the demand for tech solutions and innovations will only grow. And with companies like Infosys leading the charge, there’s a promising future ahead. India, and indeed the world, will be watching closely as Infosys continues its journey, breaking new ground, and setting higher standards.
