Infotech Enterprises
 |
|
| Traded as | : : CYIENT |
|---|---|
| Industry | Aerospace & Defence, Consumer, CYIENT DLM ,Energy Transportation, Communications, Utilities, Medical, Navigation, Mining, Oil & Gas, Off-Highway. |
| Founded | 1991 |
| Founder | B V R Mohan Reddy |
| Headquarters | Hyderabad, Telangana, India |
|
Area served
|
Worldwide |
| Revenue |
 ₹2,900.01 crore (US$450 million) (FY 2015) |
|
Number of employees
|
12,480 (2015) |
| Website | www |
Cyient (formerly Infotech Enterprises) is an Indian company focused on engineering, networks and operations. Infotech Enterprises Ltd. was established in 1991 in Hyderabad, India.
Infotech Enterprises rebranded as Cyient in 2014. It had 12,000+ employees across 38 global locations as of March 2014. The company featured among the top 30 outsourcing companies in the world as of 2014.
Cyient was established as Infotech Enterprises Ltd. in 1991 in Hyderabad, India by B. V. R. Mohan Reddy. In 1995, the company received its first ISO 9002 certification from BVQi London for its conversion services. Infotech Enterprises started its operations as a private limited to provide engineering service to global markets. It encountered a strong resistance to the very concept of engineering outsourcing, but found immediate opportunity in the GIS arena. Cyient became a public limited company in 1997, had an IPO of equity shares at ₹ 20/- per share and listed in all major stock exchanges in India. Around 1999, it signed a breakthrough contract to provide GIS conversion and consultation mapping services worth US $5.5 million to US based Analytical Surveys, Inc. Within the same year, the company acquired Cartographic Sciences from Analytical Surveys, Inc. In June 1999, the company acquired Dataview Solutions Limited, a UK based GIS Software Company. The company continued to pursue engineering services, and finally got a major breakthrough with a leading aircraft engine manufacturer in the year 2000 for engineering services.
In 2000, Infotech announced the acquisition of a German company, Advanced Graphics Software GmbH (AGS), a mechanical engineering software and services company specialising in 3D CAD/CAM. In 2002, Infotech announced a strategic business relationship with the Pratt & Whitney division of United Technologies Corporation, a Fortune 100 company. Pratt & Whitney were to participate with up to ~18% equity stake in Infotech, demonstrating long-term partnering intent and endorsing Infotech's business competence. In 2005, Infotech acquired Tele Atlas India Pvt Ltd. Tele Atlas parent company joined as a strategic partner with preferential allotment of shares. Cyient's founder, B V R Mohan Reddy, was elected Chairman of the Confederation of Indian Industry (CII) Southern Region in 2008. On January 15, 2010, Daxcon was acquired by Infotech Enterprises America, Inc; a wholly owned subsidiary of Infotech Enterprises Limited, India. In March 2013, Cyient became public with its own initial public offering (IPO).
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