nse infy nyse infy bse sensex constituent cnx nifty constituent industry it services it consulting founded 2 july 1981 founder n. r. narayana murthy nandan nilekani n. s. raghavan s. gopalakrishnan s. d. shibulal k. dinesh ashok arora headquarters electronic city bangalore karnataka india area served worldwide key people vishal sikka ceo & md services it business consulting and outsourcing services revenue us 9.501 billion 2016 1 operating income us 2.375 billion 2016 1 profit us 2.052 billion 2016 1 total assets us 11.378 billion 2016 1 total equity us 9.324 billion 2016 1 number of employees 197 050 august 2016 2 divisions infosys bpo limited lodestone management consultants website www.infosys.com infosys limited formerly infosys technologies limited is an indian multinational corporation that provides business consulting information technology and outsourcing services . it is headquartered in bangalore karnataka . 3 infosys is the third largest indian it services company by 2016 revenues 4 and the fifth largest employer of h 1b visa 5 6 professionals in the united states in fy 2013 . 7 on 15 february 2015 its market capitalisation was 263 735 crores 42.51 billion making it india s sixth largest publicly traded company . 8 9 10 contents 1 history 2 operations 3 products and services 4 acquisitions 5 initiatives 5.1 infosys foundation 5.2 academic entente 5.3 infosys labs 5.4 infosys prize 6 employees 6.1 training centre in mysore 6.2 list of ceos 7 awards and recognitions 8 controversies 8.1 accusation of visa fraud 8.2 allegation of language bias 8.3 displacement of american workers at southern california edison and disney 9 deals 10 noteworthy sustainability practices 11 see also 12 references 13 external links history edit infosys was co founded in 1981 by 7 engineers n. r. narayana murthy nandan nilekani n. s. raghavan s. gopalakrishnan s. d. shibulal k. dinesh and ashok arora after they resigned from patni computer systems . 11 12 the company was incorporated as infosys consultants pvt ltd. with a capital of 10 000 or us 250 equivalent to about 651 in 2015 in model colony pune as the registered office . 13 it signed its first client data basics corporation in new york city . 14 in 1983 the company s corporate headquarters was relocated from pune to bangalore . 14 change in name 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 . 15 an initial public offer ipo in february 1993 with an offer price of 95 equivalent to 480 or us 7.20 in 2016 per share against book value of 20 equivalent to 100 or us 1.50 in 2016 per share . the infosys ipo was under subscribed but it was bailed out by us investment bank morgan stanley which picked up 13 % of equity at the offer price . 16 its shares were listed in stock exchanges in june 1993 with trading opening at 145 equivalent to 740 or us 11 in 2016 per share . 17 in october 1994 it made a private placement of 5 50 000 shares at 450 equivalent to 2 100 or us 31 in 2016 each against book value of 10 equivalent to 46 or 68 us in 2016 per share to foreign institutional investors fiis financial institutions fis and corporates . 18 in march 1999 it issued 2 070 000 adss equivalent to 1 035 000 equity shares of par value of 10 equivalent to 30 or 45 us in 2016 each at us 34 equivalent to 48.30 in 2015 per ads under the american depositary shares program and the same were listed on the nasdaq national market in us . the total issue amount was us 70.38 million . 19 the share price surged to 8 100 equivalent to 24 000 or us 360 in 2016 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 . 16 during july 2003 june 2005 and november 2006 it made secondary ads issues of us 294 equivalent to 378.19 in 2015 million us 1.07 equivalent to 1.30 in 2015 billion and us 1.605 equivalent to 1.88 in 2015 billion respectively . 20 in december 2002 infosys transferred the listing of its american depositary shares ads from the nasdaq to the nyse . 21 in july 2014 infosys spun off a subsidiary edgeverve systems ltd. focusing on enterprise software products for business operations customer service procurement and commerce network domains . 22 in august 2015 finacle joins edgeverve product portfolio . 23 the credit rating of the company is a given by standard & poor s on 13 dec 2013 . 24 in february 2015 infosys announced it would acquire the us automation technology company panaya for around 200 million . 25 operations edit headquarters of infosys in bengaluru on 15 january 2016 infosys had 1 045 clients across 50 countries . 3 26 infosys has a global footprint with offices and development centres across the world . 27 in 2012 infosys announced a new office in milwaukee wisconsin to service harley davidson being the 18th international office in the united states . 28 29 infosys hired 1 200 united states employees in 2011 and expanded the workforce by an additional 2 000 employees in 2012 . 29 products and services edit it provides software development maintenance and independent validation services to companies in banking finance insurance manufacturing and other domains . 30 one of its known products is finacle 31 which is a universal banking solution with various modules for retail & corporate banking . glass building in pune campus acquisitions edit in december 2003 infosys had acquired australia based it service provider expert information services for 23 million . 32 33 in december 2009 infosys bpo acquired atlanta based mccamish systems for about 38 million . 34 in january 2012 infosys bpo acquired australia based portland group provider of strategic sourcing and category management services for about aud 37 million . 35 36 in september 2012 infosys acquired switzerland based lodestone management consultants for about 345 million . 37 in march 2015 infosys acquired panaya inc. a leading provider of automation technology for large scale enterprise software management . 38 in june 2015 infosys acquired skava a leading provider of digital experience solutions including mobile commerce and in store shopping experiences to large retail clients . the acquisition of skava is part of infosys strategy to help clients bring new digital experiences to their customers through ip led technology offerings new automation tools and unparalleled skill and expertise in these new emerging areas . 39 a building in thiruvananthapuram campus shareholders as on 31 mar 2014 shareholding 1 promoters group 15.94 % foreign institutional investors fii adr 16.10 % individual shareholders 09.95 % banks financial institutions and insurance companies 09.08 % mutual funds 04.58 % others 02.25 % total 100.00 % initiatives edit main block in chennai campus infosys bangalore infosys foundation edit main article infosys foundation in 1996 infosys established the infosys foundation to support the underprivileged sections of society . 40 at the outset the infosys foundation implemented many programs in karnataka . it subsequently covered tamil nadu telangana andhra pradesh maharashtra odisha and punjab in a phased manner . a team at the foundation identifies all the programs in the areas of healthcare education culture destitute care and rural development . 41 academic entente edit infosys global academic relations team forges academic entente ace clarification needed with academic and partner institutions . 42 it explores co creation opportunities between infosys and academia through case studies student trips and speaking engagements . they also collaborate on technology emerging economies globalization and research . some initiatives include research collaborations publications conferences and speaking sessions campus visits and campus hiring . 43 infosys labs edit infosys labs is organized as a global network of research labs and innovation hubs . 44 infosys labs collaborates with leading national and international universities such as the university of southern california viterbi school of engineering 45 university of cambridge queens university of belfast 46 university of illinois at urbana champaign indian institute of technology bombay iitb monash research academy indraprastha institute of information technology delhi indian institute of science bangalore purdue university 47 indian institute of information technology bangalore . 48 infosys prize edit the infosys prize is an annual award given to scientists researchers engineers and social scientists connected to india . it is given by the infosys science foundation a non profit trust which was set up in february 2009 by infosys and some members of its board . the prize is given under six categories . each category includes a gold medallion a citation certificate and prize money of rs . 65 lakh . 49 50 employees edit the development center in mysore campus infosys has a total of 193 383 employees as of 15 january 2016 of which 35 % were women . its workforce consists of employees representing 122 nationalities working from 32 countries 37 countries as per the base location . out of its total workforce 93.8 % are software professionals 17 % are working in its bpo arm and remaining 6 % work for support and sales . 26 the attrition rate of infosys ltd. excluding its subsidiaries for 12 months ending 30 september 2015 was 14.2 % . and following the annual hike for employees during 2015 16 the attrition rate is likely to increase . 26 during fy 2014 15 infosys received 1 519 678 applications from prospective employees and had a gross addition of 53 386 employees . 51 training centre in mysore edit as the world s largest corporate university the infosys global education centre in the 337 acre 52 campus has 400 instructors and 200 classrooms 53 with international benchmarks at its core . established in 2002 it had trained around 125 000 engineering graduates by june 2015 . 53 it can train 14 000 employees at a given point of time on various technologies . 54 55 the infosys leadership institute ili based in mysore has 96 rooms and trains about 400 infoscians annually . 55 in addition to above infosys training center in mysore also provides number of extra curricular facilities like tennis badminton basketball swimming pool gym etc. list of ceos edit vishal sikka is the ceo and md of infosys . prior to joining infosys dr. sikka was a member of the executive board of sap ag and the global managing board leading all sap products and innovation globally . he took over from s.d. shibulal one of the founders on 1 august 2014 . 56 he was inducted as a whole time director of the board and ceo & md designate of infosys on 14 june . 57 he receives 5.08 million 30 crores and stock options worth 2 million as annual compensation . 58 name period n. r. narayana murthy 1981 to march 2002 nandan nilekani march 2002 to april 2007 s gopalakrishnan april 2007 to august 2011 s d shibulal august 2011 to july 2014 vishal sikka august 2014 to date 59 awards and recognitions edit infosys was ranked 15th largest it services provider in the world by hfs research in its 2013 ranking . 60 infosys was ranked 19th on the world s most innovative companies list by forbes . 61 infosys was in the list of top twenty green companies in newsweek s green rankings for 2012 . 62 the company has been voted india s most admired company in the wall street journal asia 200 63 controversies edit accusation of visa fraud edit in 2011 infosys was accused of committing visa fraud by using b 1 visitor visas for work requiring h 1b work visas . the allegations were initially made