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Timeline of Infosys

13,602 bytes added, 17:42, 13 September 2019
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! Year !! Month and date !! Event type !! Details
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| 1981 || || || " Infosys is established by N. R. Narayana Murthy and six engineers in Pune, India, with an initial capital of US$ 250. The company strikes its first outsourcing contract with Data Basics Corporation, New York."<ref name="The Infosys timeline">{{cite web |title=The Infosys timeline: $250 gamble to $10 billion sweepstake |url=https://www.thehindu.com/business/Industry/the-infosys-timeline-250-gamble-to-10-billion-sweepstake/article19524271.ece |website=thehindu.com |accessdate=13 September 2019}}</ref> " Infosys is set up by N.R. Narayana Murthy and six other engineers in Pune, in western India, with initial capital of $250 mostly borrowed from their spouses."<ref name="TIMELINE-Key events for Infosys since inception">{{cite web |title=TIMELINE-Key events for Infosys since inception |url=https://www.reuters.com/article/india-infosys-timeline/timeline-key-events-for-infosys-since-inception-idUSL4E8FU88Q20120507 |website=reuters.com |accessdate=13 September 2019}}</ref>
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| 1983 || || || "Relocates corporate office to Bangalore."<ref name="The Infosys timeline"/> " Relocates corporate headquarters to southern Indian city of Bangalore, one of the first software companies to set up operations in the city that becomes India’s Silicon Valley."<ref name="TIMELINE-Key events for Infosys since inception"/>
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| 1987 || || || " Opens first off-shore office in Boston, U.S.A"<ref name="The Infosys timeline"/>
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| 1991 || Background || || The Indian economy is liberalized. This would dramatically improve Infosys' fortunes.<ref name="Leadership infosys"/>
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| 1992 || || || Infosys becomes the first Indian software house to operate an Offshore Software Development Center (OSDC) for {{w|General Electric}}.<ref name="Leadership infosys">{{cite book |title=Leadership @ infosys |edition=Matt Barney |url=https://books.google.com.ar/books?id=z3B6dyrIkwkC&pg=PT27&lpg=PT27&dq=infosys+fremont+1994&source=bl&ots=W3AftKXZtL&sig=ACfU3U0-2EcbP1m5mPnAz4MQAwqW5i2F5w&hl=en&sa=X&ved=2ahUKEwi_nIv_5M7kAhWKG7kGHYHIAWcQ6AEwCXoECAoQAQ#v=onepage&q=infosys%20fremont%201994&f=false}}</ref>
|-
| 1992 || || || Infosys opens its first international office in {{w|Boston}}.<ref name="Leadership infosys"/>
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| 1992 || || || Infosys establishes its Quality department.<ref name="Leadership infosys"/>
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| 1992 || December || || The first 64kbps international private line for any company in India is established between Infosys' office in {{w|Boston}} and its headquarters in {{w|Bangalore}}.<ref name="Leadership infosys"/>
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| 1993 || February || || Infosys makes an initial public offer.<ref name="Leadership infosys"/>
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| 1993 || June || || Infosys is listed on [[w:Indian stock exchange|Indian stock exchanges]].<ref name="Leadership infosys"/>
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| 1993 || || || "Introduces Employee Stock Options (ESOP) programme, and also takes the plunge with an Initial Public Offering (IPO)."<ref name="The Infosys timeline"/> "Lists on Indian exchanges and is among first in India to introduce employee stock-option plan, a move to attract and retain talent."<ref name="TIMELINE-Key events for Infosys since inception"/>
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| 1993 || November || || Infosys obtains the ISO 9001/TickIT certification. Within a week of the certification, work begins towards attaining Level 4 of the {{w|Capability Maturity Model}} (CMM) instituted by the {{w|Software Engineering Institute}}.<ref name="Leadership infosys"/>
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| 1994 || || || "Corporate headquarters shifted to new campus in Electronics City, Bangalore."<ref name="The Infosys timeline"/>
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| 1994 || || || Infosys moves corporate headquarters to Electronics City, Bangalore, and opens a Development Center at Fremont.<ref name="History of Infosys"/>
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| 1994 || || || Infosys launches its first Employee Stock Option Plan (ESOP).<ref name="Leadership infosys"/>
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| 1995 || || || " Forays into the European market by opening an office in the U.K. Global development centres are also set-up in Toronto and Mangalore."<ref name="The Infosys timeline"/>
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| 1995 || || || "Infosys opens its first European office in the United Kingdom and Global Development Centers in Toronto and Mangalore"<ref name="History of Infosys"/>
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| 1995 || || || "Infosys sets up e-Business practice."<ref name="History of Infosys"/>
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| 1996 || || || " Infosys Foundation, the Corporate Social Responsibility (CSR) wing, is established."<ref name="The Infosys timeline"/>
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| 1996 || || || "The Infosys Foundation is established"<ref name="History of Infosys"/>
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| 1997 || || || "Infosys opens an office in {{w|Toronto}}"<ref name="History of Infosys"/>
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| 1998 || || || "Starts Enterprise Solutions (packaged applications) practice."<ref name="The Infosys timeline"/> "Infosys starts enterprise solutions (packaged applications) practice."<ref name="History of Infosys"/>
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| 1999 || || || Infosys becomes the 21st company worldwide to achieve a [[w:Capability Maturity Model|CMM]] Level 5 certification.<ref name="History of Infosys"/>
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| 1999 || || || "Infosys opens offices in {{w|Germany}}, {{w|Sweden}}, {{w|Belgium}}, {{w|Australia}}, and two development centers in the {{w|United States}}."<ref name="History of Infosys"/>
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| 1999 || || || "Infosys Business Consulting Services is launched."<ref name="History of Infosys"/>
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| 1999 || || || "Touches revenue of $100 million, and subsequently goes public in the U.S with a listing on NASDAQ. Infosys Business Consulting Services is launched."<ref name="The Infosys timeline"/> " Becomes first Indian company to list on Nasdaq , raising the profile of the Indian outsourcing industry in the United States."<ref name="TIMELINE-Key events for Infosys since inception"/>
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| 2000 || || International expansion || Infosys opens offices in France and Hong Kong, a global development center in Canada and the United Kingdom, and three development centers in the United States.<ref name="History of Infosys"/>
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| 2000 || || || "Revenue doubles in the span of a year, touching $200 million."<ref name="The Infosys timeline"/>
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| 2000 || || || "Infosys relaunches Banks 2000, the universal banking solution from Infosys, as Finacle."<ref name="History of Infosys"/>
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| 2001 || || || "Narayana Murthy is rated among Time Magazine/CNN's 25 most influential businessmen in the world. Rated best employer by Business World/Hewitt."<ref name="The Infosys timeline"/>
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| 2001 || || International expansion || Infosys opens offices in the {{w|United Arab Emirates}} and {{w|Argentina}}, and a development center in {{w|Japan}}.<ref name="History of Infosys"/>
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| 2002 || || || "Nandan Nilekani takes over as CEO from Narayana Murthy."<ref name="The Infosys timeline"/> "Narayana Murthy hands over chief executive role to co-founder Nandan Nilekani. Murthy becomes chairman. Revenue reaches $500 million. Company launches back-office outsourcing services unit, Progeon."<ref name="TIMELINE-Key events for Infosys since inception"/>
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| 2003 || || || Infosys establishes subsidiaries in {{w|China}} and {{w|Australia}}.<ref name="History of Infosys">{{cite web |title=History of Infosys |url=https://www.slideshare.net/BhimaThanagani/history-of-infosys |website=slideshare.net |accessdate=13 September 2019}}</ref>
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| 2003 || || || Infosys opens a Development Center in {{w|Thiruvananthapuram}}.<ref name="History of Infosys"/>
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| 2004 || || || "Annual revenue touches $1 billion for the first time. Infosys Consulting Inc. is launched."<ref name="The Infosys timeline"/>
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| 2005 || || || " Launches offer of American Depositary Receipts (ADRs) against existing local shares in $1 billion deal, at the time the biggest conversion of Indian shares into ADRs."<ref name="TIMELINE-Key events for Infosys since inception"/>
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| 2006 || || || "Riding on the demand for outsourcing, annual revenue doubles to $2 billion in 23 months. It had taken the company 23 years to get to the first billion in revenues. Narayana Murthy retires on turning 60. He continues as Chairman and Chief Mentor of Infosys."<ref name="The Infosys timeline"/>
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| 2006 || || || "Murthy steps down as chairman after 25 years at the helm of the firm after reaching the company’s retirement age of 60, continues as non-executive chairman and mentor."<ref name="TIMELINE-Key events for Infosys since inception"/>
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| 2007 || || || "Kris Gopalakrishnan takes over as CEO. Mr. Nilekani is appointed Co-Chairman of the Board of Directors."<ref name="The Infosys timeline"/> " Infosys co-founder and chief operating officer Kris Gopalakrishnan takes over as chief executive from Nilekani, who takes up the role of co-chairman."<ref name="TIMELINE-Key events for Infosys since inception"/>
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| 2007 || || || Infosys receives over 1.3 million applications and hires fewer than 3% of applicants.<ref name="History of Infosys"/>
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| 2007 || || || Infosys surpasses US$3 billion in revenues. Staff grows to over 70,000.<ref name="History of Infosys"/>
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| 2008 || || || "Announces $700 million-plus bid to acquire British consulting firm Axon, but drops out of race after smaller domestic rival HCL Technologies makes a higher offer."<ref name="TIMELINE-Key events for Infosys since inception"/>
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| 2008 || || || Infosys perceives revenues of at least US$4.18 billion and annual net profits of at least US$1 billion.<ref name="History of Infosys"/>
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| 2009 || || || "The chief executive of Infosys’s back-office outsourcing arm, Amitabh Chaudhry, quits in rare departure by senior official. Company’s headcount surpasses 100,000. Co-chairman Nandan Nilekani resigns to join Indian government to launch nationwide biometric identity card programme."<ref name="TIMELINE-Key events for Infosys since inception"/> "Employee strenght grows to over 100000"
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| 2009 || || || "Infosys is selected as a member of The Global Dow"
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| 2010 || || || " Infosys crosses $5 billion revenue mark."<ref name="The Infosys timeline"/><ref name="TIMELINE-Key events for Infosys since inception"/>
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| 2011 || || || " A boardroom reshuffle sees Narayana Murthy hand over chairmanship to K.V. Kamath while S.D. Shibulal, the incumbent COO, takes over as the CEO and MD from Kris Gopalakrishnan. Narayana Murthy becomes Chairman Emeritus."<ref name="The Infosys timeline"/> "Co-founder and chief operating officer S.D. Shibulal named chief executive and his predecessor becomes executive co-chairman. Murthy retires as non-executive chairman and veteran banker K.V. Kamath, an independent director of Infosys, takes over as non-executive chairman. Board member and human resources chief T.V. Mohandas Pai quits."<ref name="TIMELINE-Key events for Infosys since inception"/>
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| 2011 || || || " Says received a subpoena from a grand jury in a U.S. district court that requires the company to provide certain documents and records related to B1 business visas. B1 business visas allow companies to send their employees to the United States for short-term business purposes."<ref name="TIMELINE-Key events for Infosys since inception"/>
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| 2012 || || || "Forbes ranks Infosys amongst the most innovative companies."<ref name="The Infosys timeline"/>
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| 2012 || || || "Heads of its business units serving the finance and manufacturing sectors swap jobs, a sign that both are contenders to take the chief executive’s post when it opens in 2015."<ref name="TIMELINE-Key events for Infosys since inception"/>
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| 2012 || || || "2012 - Says it has been told by the U.S. Attorney’s office that it and some staff are targets of investigation over its sponsorship and use of short-term U.S. business visas."<ref name="TIMELINE-Key events for Infosys since inception"/>
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| 2012 || || || "Says under scrutiny from U.S. Department of Homeland Security for likely errors in employer eligibility documents of its staff working in the United States."<ref name="TIMELINE-Key events for Infosys since inception"/>
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| 2014 || || || " Vishal Sikka replaces Mr. Shibulal as the first non co-founder CEO. The board of directors hike the dividend pay-out ratio to up to 40% of post-tax profits. Four of the company's co-founders sell shares worth $1.1 billion, cashing in on gains accrued after the stock value surged 20% since Mr. Sikka’s appointment. In December 2014, the company gifts Apple iPhone 6s smartphones to top 3,000 employees in a bid to curb the high rates of attrition in the software industry."<ref name="The Infosys timeline"/>
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| 2015 || || || " Infosys acquires Panaya Inc., Skava and Noah Consulting LLC. The company pledges $250 million to its 'Innovate in India' fund to foster fledgling start-ups. In February 2015, the Infosys board more than doubles Mr. Sikka's compensation to $11 million. Rajeev Bansal, CFO, resigns to join cab-aggregator, Ola. His severance pay is set at ₹23.02 crore."<ref name="The Infosys timeline"/>
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| 2016 || || || " Annual revenue touches $10 billion.<ref name="The Infosys timeline"/>
 
Infosys Foundation USA collaborates with National Science Foundation and DonorsChoose.org to chart a public-private-community model for promoting computer science education, and digital literacy.<ref name="The Infosys timeline"/>
 
In a board meeting, only 23.57% votes are cast in favour of Mr. Sikka remaining as CEO. Mr. Bansal's disproportionately high severance pay is questioned by market analysts. In September 2016, Infosys announces the cessation of the release of the residual amount of ₹17.38 crore in Mr. Bansal's severance package, after the founders expressed displeasure at how the situation was handled."<ref name="The Infosys timeline"/>
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| 2017 || || ||
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|}
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