In the realm of technology, when India was seen as a competitor not worthy of competition, It is now the most astonishing player in the technological industry now. All thanks is to the founder of the company Infosys, Narayan Murthy.
Because of him, India is now a top-level industry for cheap manufacturing, and many high-level MNCs are now looking towards the Indian soil for work. But, how did Infosys come into existence? Let us look further into this.
Origins Of an Infosys Limited :
Infosys Limited is an Indian multinational information technology company and is quite famous for its business, technology, and outsourcing consulting services all over the world. Infosys was found in Pune, Maharashtra, India. It was founded by Seven engineers with an initial capital of 150$, on 2nd July, 1981. In 1983, it relocated to Bangalore, Karnataka.
The company first started name by Infosys Consultants Private Limited, which it further changed to Infosys Technologies Private Limited, and then finally renamed itself as Infosys Limited in June 2011.
The company’s initial funding was quite less to carry the daily operations and revenue, hence they put out an Initial Public Offering(IPO) in February 1993. The Share offer price was kept at Rs. 95, against a book value of Rs 20.
Even after the hard efforts by the founders of the company, the share was “undersubscribed”. This further put up a great challenge for the founders. However, they were helped by Us Investment Bank, Morgan Stanley, which bailed out the company’s shares.
Later, the company listed its shares on the Nasdaq stock exchange in 1999, as American depository receipts. This set a record for Infosys, as the first Indian company listed on the Nasdaq.
Global achievements:
The company is not only a mere testament to its success, it also has a lot of achievements throughout the world. The company took its first baby steps to becoming successful when British Prime minister, David Cameron visited Infosys Headquarters in Bangalore and addressed Infosys employees. In 2012, Infosys became global, as it announced its new office in Milwaukee, Wisconsin.
This office was put out to serve the well-renowned Harley Davidson bikes. It further expanded its workforce by 2000 employees and also announced its expansion in Indianapolis, Indiana.
Infosys presently has 82 sales and marketing offices and 123 development centers across the world, with a major occupancy worldwide in countries like Australia, the USA, Japan, the Middle East, and Europe.
Working and operations:
Infosys is famous for its excellent provision of software development, services to companies in finance, and, of course, consultancy to other companies relating to insurance, manufacturing and other fields as well.
It now has a whopping number of 2,59,619 employees and is willing to hire 55000 freshers in its global Graduate hiring program.
Infosys Limited also provides world-class training and experience, at its own training center in Mysore, and is well established with around 400 instructors and 200+ classrooms.
Ceo’s and legacy:
As we discussed earlier, Infosys was established in 1981. From that date until 2014, the company was led by Narayana Murthy for an elongated period of 21 years.
After a specific period of time, Dr. Vishal Sikka, coined his position as the first non promoter CEO, and led that position for 3 years.
After his resignation, UB Pravin Rao was appointed and delegated the position of interim CEO and MD of the company.
At last, Infosys delegated the position of CEO and MD to Salil Parekh, which took effect from 2 January 2018.
Conclusion:
Infosys’ great triumph as a leading global technology services and consulting company provider arises from its unwavering and unmatched focus is the main cause for this. Its ideas and its never ending and infinite innovation, operational excellence, and client satisfaction, clearly gives out its chances of winning among its competitors and worldwide companies.
Through its robust but heavily organized operational structure, diverse service offerings, and dedication to quality, quantity and top notch services, Infosys continues to shape the digital transformation landscape. With its talented workforce and customer-centric approach, Infosys remains at the forefront of the market for its foreseen years of operation.
