9/19/10

history of infosys




Hello friends below the history of Infosys:-


History
Established in 1981, Infosys is a NASDAQ listed global consulting and IT services company with more than 114,000 employees. From a capital of US$ 250, we have grown to become a US$ 4.8 billion company with a market capitalization of approximately US$ 33 billion.
In our journey of over 29 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 Infosys' history.
Milestones
2009
          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
          Starts enterprise solutions (packaged applications) practice


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 Electronics 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

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