Infosys Limited is an Indian multinational corporation that provides business consulting, information technology and outsourcing services. It has its headquarters in Bangalore, Karnataka, India.[3]
Infosys headquarters in Electronic City
Type :- Public
Traded as :-BSE: 500209
NSE: INFY
NYSE: INFY
BSE SENSEX Constituent
CNX Nifty Constituent
Industry :-IT services, IT consulting
Founded :-7 July 1981; 38 years ago
Founders :-N.R. Narayana Murthy
Nandan Nilekani
S. Gopalakrishnan
S. D. Shibulal
K. Dinesh
N. S. Raghavan
Ashok Arora
Headquarters:- Bangalore, Karnataka, India
Area served :- Worldwide
Key people:- Nandan Nilekani
(Chairman)
Salil S. Parekh
(MD & CEO)[1]
Services :- OutsourcingConsultingManaged Services
History:-
Infosys was established by seven engineers in Pune, Maharashtra, India with an initial capital of $250 in 1981.[7] It was registered as Infosys Consultants Private Limited on 2 July 1981.[8] In 1983, it relocated its office to Bangalore, Karnataka, India.
Name change: 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.[9]
Share listing: An initial public offer (IPO) in February 1993 with an offer price of ₹95 (equivalent to ₹510 or US$7.40 in 2018) per share against book value of ₹20 (equivalent to ₹110 or US$1.60 in 2018) per share was undersubscribed but it was “bailed out” by US investment bank Morgan Stanley, which picked up 13% of equity at the offer price.[10] Its shares were listed in stock exchanges in June 1993 with trading opening at ₹145 (equivalent to ₹790 or US$11 in 2018) per share.[11]
Its shares were listed on NASDAQ in 1999 through ADR route. The share price surged to ₹8,100 (equivalent to ₹26,000 or US$380 in 2018) 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.[10] The ADR listing was shifted from NASDAQ to NYSE Euronext to give its European investors better access to its stock.[12]
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