History Of Company

History

Established in 1981, Infosys is a NASDAQ listed global consulting and IT services company with more than 103,000 employees. From a capital of US$ 250, we have grown to become a US$ 4 billion company with a market capitalization of approximately US$ 14 billion.

In our journey of over 25 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

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

1983

• Relocates corporate headquarters to Bangalore

1987

• Opens first international office in Boston, US

1993

• Introduces Employee Stock Options (ESOP) program
• Acquires ISO 9001/TickIT certification
• Goes public

1994

• Moves corporate headquarters to Electronics City, Bangalore. Opens a Development Center at Fremont

1995

• Opens first European office in the UK and Global Development Centers at Toronto and Mangalore. Sets up e-Business practice

1996

• The Infosys Foundation is established

1997

• Opens an office in Toronto, Canada
• Infosys is assessed at CMM Level 4

1998

• Starts enterprise solutions (packaged applications) practice

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

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™

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

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

2003

• Establishes subsidiaries in China and Australia
• Expands operations in Pune and China, and sets up a Development Center in Thiruvananthapuram

2004

• Revenues reach US$ 1 billion
• Infosys Consulting Inc. is launched

2005

• Records the largest international equity offering of US$ 1 billion from India
• Selected to the Global MAKE Hall of Fame

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

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

2008

• Infosys crosses revenues of US$ $ 4.18 billion. Employees grow to over 90,000+
• Reports Q4 revenue of US$ 1,142 million