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Infosys Limited

Infosys Limited
Public
Traded as
Industry IT services, IT consulting
Founded 7 July 1981; 36 years ago (7 July 1981)
Founder
Headquarters Bengaluru, Karnataka, India
Area served
Worldwide
Key people
Salil S. Parekh (CEO & MD)
Nandan Nilekani (Chairman)
Services IT, business consulting and outsourcing services
Revenue IncreaseUS$10.93 billion (2018)
IncreaseUS$2.65 billion (2018)
IncreaseUS$2.48 billion (2018)
Total assets DecreaseUS$12.25 billion (2018)
Total equity DecreaseUS$9.96 billion (2018)
Number of employees
200,364 (2017)
Divisions
Website www.infosys.com
Footnotes / references

Infosys Limited (formerly Infosys Technologies Limited) is an Indian multinational corporation that provides business consulting, information technology and outsourcing services. It has its headquarters in Bengaluru, Karnataka, India.

Infosys is the second-largest Indian IT company by 2017 revenues and 596th largest public company in world in terms of revenue. On April 19, 2018 its market capitalisation was $37.32 billion. The credit rating of the company is A- (rating by Standard & Poor's).

Infosys was established by 7 engineers in Pune, India with an initial capital of $250 in 1981. It was registered as Infosys Consultants Private Limited on July 2, 1981. In 1983, it relocated its office to Bengaluru, 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.

Share listing:An initial public offer (IPO) in February 1993 with an offer price of 95 (equivalent to 490 or US$7.30 in 2017) per share against book value of 20 (equivalent to 100 or US$1.50 in 2017) 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. Its shares were listed in stock exchanges in June 1993 with trading opening at 145 (equivalent to 750 or US$11 in 2017) per share.

Its shares were listed on NASDAQ in 1999 through ADR route. The share price surged to 8,100 (equivalent to 25,000 or US$370 in 2017) 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. The ADR listing was shifted from NASDAQ to NYSE Euronext to give its European investors better access to its stock.


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