Difference between revisions of "Timeline of Infosys"

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This is a '''timeline of {{w|Infosys}}'''.
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This is a '''timeline of {{w|Infosys}}''', a {{w|Bangalore}}-based multinational corporation that provides {{w|business consulting}}, {{w|information technology}} and {{w|outsourcing services}}.  
  
 
==Big picture==
 
==Big picture==
  
 
{| class="wikitable"
 
{| class="wikitable"
! Time period !! Development summary !! More details
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! Time period !! Development summary
 
|-
 
|-
| 1980s ||
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| 1980s || Infosys is established in {{w|Pune, India}}. In 1984 it relocates in {{w|Bangalore}}, where the first computer is established in the town.
 
|-
 
|-
| 1990s || In the mid-90s, Infosys sets up Strategic Business Units to encourage autonomy of operation and generate the next generation of business leaders.<ref name="Leadership  infosys"/>
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| 1990s || In the 1990s, the Indian economy liberalizes, allowing business to grow rapidly in the country. In 1992, the company opens its first international office. In 1993, the company helds its {{w|initial public offer}} and is listed on the stock exchange in India.In 1994, the company helds its {{w|initial public offer}} and is listed on the stock exchange in India.<ref name="RESFD">{{cite book |title=Globalization of Professional Services: Innovative Strategies, Successful Processes, Inspired Talent Management, and First-Hand Experiences |edition=Ulrich Bäumer, Peter Kreutter, Wolfgang Messner |url=https://books.google.com.ar/books?id=Pj8rZzAITb8C&pg=PA228&lpg=PA228&dq=1994+Infosys+launches+its+first+Employee+Stock+Option+Plan&source=bl&ots=TijDZmNkRY&sig=ACfU3U29a5xW6ZgZxmlBA2i5-4M5F9Rfzw&hl=en&sa=X&ved=2ahUKEwiKtLWzssLlAhV8GbkGHb25BskQ6AEwAHoECAkQAg#v=onepage&q=1994%20Infosys%20launches%20its%20first%20Employee%20Stock%20Option%20Plan&f=false}}</ref> In the mid-90s, Infosys sets up Strategic Business Units to encourage autonomy of operation and generate the next generation of business leaders.<ref name="Leadership  infosys"/> It becomes one of the first Indian companies to offer stocks to its employees.<ref>{{cite web |title=Infosys to offer incentive to select executives in a bid to attract and retain talent |url=https://economictimes.indiatimes.com/tech/ites/infosys-to-offer-incentive-to-select-executives-in-a-bid-to-attract-and-retain-talent/articleshow/50988373.cms?from=mdr |website=economictimes.indiatimes.com |accessdate=29 October 2019}}</ref>
 +
|-
 +
| 2000s || Indian business comes of age and soar, and {{w|software}} companies like {{w|Tata Consultancy Services}}, Infosys and {{w|Cognizant}} become world-famous.<ref>{{cite web |title=2010s: The decade is ending on a sour note for Indian economy |url=https://timesofindia.indiatimes.com/blogs/Swaminomics/2010s-the-decade-is-ending-on-a-sour-note-for-indian-economy/ |website=timesofindia.indiatimes.com |accessdate=29 October 2019}}</ref>
 +
|-
 +
| 2010s || Infosys grows to become the second-largest Indian IT company after {{w|Tata Consultancy Services}}.<ref>{{cite web |title=Top 10 Information Technology (IT) Companies in India 2019 |url=https://www.mbaskool.com/fun-corner/top-brand-lists/17616-top-10-it-companies-in-india.html |website=mbaskool.com |accessdate=30 October 2019}}</ref><ref>{{cite magazine | title=Forbes 2017 Global 2000 | url=https://www.forbes.com/global2000/ |magazine=Forbes |accessdate=30 October 2019}}</ref> As of March 29, 2019, its {{w|market capitalization}} is US$46.52 billion.<ref>{{Cite web|url=https://ycharts.com/companies/INFY/market_cap|title=Infosys Market Cap (INFY) – YCharts|date=2019-06-20|website=Ycharts.com|access-date=2019-06-20}}</ref> The {{w|Standard & Poor's}} {{w|credit rating}} of the company is A−.<ref>{{cite news |url=http://articles.economictimes.indiatimes.com/2013-12-13/news/45162352_1_long-term-corporate-credit-ratings-negative-outlook-abhishek-dangra |archiveurl=https://web.archive.org/web/20131216141913/http://articles.economictimes.indiatimes.com/2013-12-13/news/45162352_1_long-term-corporate-credit-ratings-negative-outlook-abhishek-dangra| archivedate=16 December 2013 |title=S&P upgrades TCS, Infosys, Wipro to 'A−' from 'BBB+' |newspaper=The Economic Times |date=13 December 2013 |accessdate=29 October 2019}}</ref>
 
|-
 
|-
 
|}
 
|}
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! Year !! Month and date !! Event type !! Details
 
! Year !! Month and date !! Event type !! Details
 
|-
 
|-
| 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 $250 mostly borrowed from their spouses."<ref name="TIMELINE-Key events for Infosys since inception">{{cite web |title=TIMELINE-Key events for Infosys since inception |url=https://www.reuters.com/article/india-infosys-timeline/timeline-key-events-for-infosys-since-inception-idUSL4E8FU88Q20120507 |website=reuters.com |accessdate=13 September 2019}}</ref>
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| 1968 || || Competition || {{w|Tata Consultancy Services}} is founded as India's first software services company. Established several years before Infosys, it would grow to a global enterprise with a presence in 46 countries.<ref name="The Complete Story">{{cite web |title=Our Timeline: The Complete Story, Tata group |url=https://www.tata.com/about-us/tata-group-our-heritage/Our-Timeline |website=tata.com |accessdate=18 September 2019}}</ref>
 +
|-
 +
| 1981 || || Founding || {{w|Infosys}} is established by {{w|N. R. Narayana Murthy}} and six engineers in {{w|Pune, India}}, with an initial capital of US$ 250. In the same year, the company achieves 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><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>
 
|-
 
|-
| 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"/>
+
| 1982 || || Competition || Indian multinational corporation {{w|Wipro}} enters the {{w|information technology}} business.<ref name="Wipro">{{cite web |title=Wipro |url=https://www.wipro.com/about-us/ |website=wipro.com |accessdate=11 November 2019}}</ref>
 
|-
 
|-
| 1984 || || Infrastructure || Infosys imports the first computer to {{w|Bangalore}}.<ref name="History of Infosys"/>
+
| 1983 || || Administration || {{w|Infosys}} relocates corporate office to {{w|Bangalore}}.<ref name="The Infosys timeline"/> It is one of the first software companies to set up operations in the city that would be recognized as India’s Silicon Valley.<ref name="TIMELINE-Key events for Infosys since inception"/>
 
|-
 
|-
| 1987 || || || " Opens first off-shore office in Boston, U.S.A"<ref name="The Infosys timeline"/>
+
| 1984 || || Infrastructure || {{w|Infosys}} imports the first computer to {{w|Bangalore}}.<ref name="History of Infosys"/>
 
|-
 
|-
| 1991 || || Background || The Indian economy is liberalized. This would dramatically improve Infosys' fortunes.<ref name="Leadership  infosys"/>
+
| 1986 || || Competition || {{w|Tech Mahindra}} is founded as a subsidiary of the {{w|Mahindra Group}}, providing {{w|information technology}}.<ref>{{cite web |title=Tech Mahindra Ltd. |url=https://www.ndtv.com/business/stock/tech-mahindra-ltd_techm/reports |website=ndtv.com |accessdate=11 November 2019}}</ref> It is considered among the top 10 competitors of Infosys.<ref name="Infosys's Competitors, Revenue, Number of Employees, Funding and Acquisitions">{{cite web |title=Infosys's Competitors, Revenue, Number of Employees, Funding and Acquisitions |url=https://www.owler.com/company/infosys |website=owler.com |accessdate=11 November 2019}}</ref>
 
|-
 
|-
| 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>
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| 1987 || || International expansion || {{w|Infosys}} opens its first off-shore office in {{w|Boston}}.<ref name="The Infosys timeline"/>
 +
|-
 +
| 1990 || || Competition || {{w|Wipro}} enters into 3rd party {{w|R&D}} services and {{w|IT}} services.<ref name="Wipro"/> It is considered among the top 10 competitors of Infosys.<ref name="Infosys's Competitors, Revenue, Number of Employees, Funding and Acquisitions"/>
 +
|-
 +
| 1991 || || Background || The Indian economy is liberalized. This would dramatically accelerate the growth of Infosys.<ref name="Leadership  infosys"/>
 +
|-
 +
| 1992 || || Service || 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 || || International expansion || Infosys opens its first international office in {{w|Boston}}.<ref name="Leadership  infosys"/>
 
| 1992 || || International expansion || Infosys opens its first international office in {{w|Boston}}.<ref name="Leadership  infosys"/>
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| 1992 || || Administration || Infosys establishes its Quality department.<ref name="Leadership  infosys"/>
 
| 1992 || || Administration || Infosys establishes its Quality department.<ref name="Leadership  infosys"/>
 
|-
 
|-
| 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"/>
+
| 1992 || December || Technology milestone || 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"/>
 
|-
 
|-
 
| 1993 || February || Financial || Infosys makes an initial public offer.<ref name="Leadership  infosys"/>  
 
| 1993 || February || Financial || Infosys makes an initial public offer.<ref name="Leadership  infosys"/>  
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| 1993 || June || Financial || Infosys is listed on [[w:Indian stock exchange|Indian stock exchanges]].<ref name="Leadership  infosys"/>  
 
| 1993 || June || Financial || Infosys is listed on [[w:Indian stock exchange|Indian stock exchanges]].<ref name="Leadership  infosys"/>  
 
|-
 
|-
| 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 || || Financial || Infosys introduces Employee Stock Options (ESOP) program.<ref name="The Infosys timeline"/> The company 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"/>
 
|-
 
|-
| 1993 || November || || Infosys obtains the ISO 9001/{{w|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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| 1993 || November || Certification || Infosys obtains the ISO 9001/{{w|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"/>
 
|-
 
|-
| 1994 || || || Infosys corporate headquarters shift to new campus in {{w|Electronics City}}, {{w|Bangalore}}.<ref name="The Infosys timeline"/>
+
| 1994 || || Administration || Infosys moves corporate headquarters to {{w|Electronics City}}, {{w|Bangalore}}, and opens a Development Center at Fremont.<ref name="History of Infosys"/><ref name="The Infosys timeline"/>
 
|-
 
|-
| 1994 || || || Infosys moves corporate headquarters to Electronics City, Bangalore, and opens a Development Center at Fremont.<ref name="History of Infosys"/>
+
| 1994 || || Financial || Infosys launches its first Employee Stock Option Plan (ESOP).<ref name="Leadership  infosys"/>
 
|-
 
|-
| 1994 || || || Infosys launches its first Employee Stock Option Plan (ESOP).<ref name="Leadership  infosys"/>
+
| 1995 || || International expansion || {{w|Infosys}} enters the European market by opening an office in the {{w|United Kingdom}}. Global development centers are also established in {{w|Toronto}} and {{w|Mangalore}}.<ref name="The Infosys timeline"/><ref name="History of Infosys"/>
 
|-
 
|-
| 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"/>
+
| 1995 || || Technology milestone || The first video conference is held between {{w|Infosys}}' Boston and {{w|Bangalore}} offices.<ref name="History of Infosys"/>
 
|-
 
|-
| 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 || || Service || {{w|Infosys}} sets up {{w|electronic business}} practice.<ref name="History of Infosys"/>
 
|-
 
|-
| 1995 || || || The first video conference is held between Infosys' Boston and Bangalore offices.<ref name="History of Infosys"/>
+
| 1996 || || Humanitarian aid || The {{w|Infosys Foundation}} is established as Infosys' Corporate Social Responsibility (CSR) wing. It is a non-profit aimed at supporting the underprivileged sections of society.<ref name="The Infosys timeline"/><ref name="History of Infosys"/>
 
|-
 
|-
| 1995 || || || "Infosys sets up e-Business practice."<ref name="History of Infosys"/>
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| 1996 || December 23 || Competition || {{w|Mumbai}}-base global IT solutions and services company {{w|Larsen & Toubro Infotech}} is founded.<ref>{{cite web |title=Larsen & Toubro Infotech Ltd. |url=https://economictimes.indiatimes.com/larsen-&-toubro-infotech-ltd/infocompanyhistory/companyid-3318.cms |website=economictimes.indiatimes.com |accessdate=12 November 2019}}</ref>  It is considered among the top 10 competitors of Infosys.<ref name="Infosys's Competitors, Revenue, Number of Employees, Funding and Acquisitions"/>
|-
 
| 1996 || || Administration || Infosys Foundation is established as Infosys' Corporate Social Responsibility (CSR) wing.<ref name="The Infosys timeline"/> "The Infosys Foundation is established"<ref name="History of Infosys"/>
 
 
|-
 
|-
 
| 1997 || || International expansion || Infosys opens an office in {{w|Toronto}}.<ref name="History of Infosys"/>
 
| 1997 || || International expansion || Infosys opens an office in {{w|Toronto}}.<ref name="History of Infosys"/>
 
|-
 
|-
| 1998 || || || Infosys starts Enterprise Solutions (packaged applications) practice.<ref name="The Infosys timeline"/><ref name="History of Infosys"/>
+
| 1998 || || Service || Infosys starts Enterprise Solutions (packaged applications) practice.<ref name="The Infosys timeline"/><ref name="History of Infosys"/>
 
|-
 
|-
| 1999 || March || Financial || Infosys becomes the first India-registered company to be listed on {{w|NASDAQ}}.<ref name="History of Infosys"/>
+
| 1999 || March || Financial || Infosys becomes the first India-registered company to be listed on {{w|NASDAQ}}.<ref name="History of Infosys"/> The company raises nan additional US$70.38 million by issuing 2.07 million shares under the American Depositary Shares Program.<ref name="RESFD"/>
 
|-
 
|-
 
| 1999 || || Recognition || Infosys becomes the 21st company worldwide to achieve a [[w:Capability Maturity Model|CMM]] Level 5 certification.<ref name="History of Infosys"/>
 
| 1999 || || Recognition || Infosys becomes the 21st company worldwide to achieve a [[w:Capability Maturity Model|CMM]] Level 5 certification.<ref name="History of Infosys"/>
 
|-
 
|-
| 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"/>
+
| 1999 || || International expansion || 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"/>
 
|-
 
|-
| 1999 || || || "Infosys Business Consulting Services is launched."<ref name="History of Infosys"/>
+
| 1999 || || Subsidiary || Infosys Business Consulting Services launches.<ref name="History of Infosys"/>
 
|-
 
|-
| 1999 || || Financial || "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"/>
+
| 1999 || || Financial || Infosys reaches revenue of US$100 million, and subsequently goes public in the United States with a listing on {{w|NASDAQ}}. Infosys Business Consulting Services is launched.<ref name="The Infosys timeline"/><ref name="TIMELINE-Key events for Infosys since inception"/>
 
|-
 
|-
| 1999 || || || "Infosys makes its debut at n°6 on the BusinessWorld-Indica poll of India's most respected companies." The company is also voted India's most admired company in a survey conducted in the year.<ref name="History of Infosys"/>
+
| 1999 || || Recognition || Infosys is rated n°6 on the BusinessWorld-Indica poll of India's most respected companies. It is also voted India's most admired company in a survey conducted in the year.<ref name="History of Infosys"/>
 +
|-
 +
| 2000 || || Competition || {{w|Bangalore}}-based IT services company {{w|Mphasis}} is founded.It is considered among the top 10 competitors of Infosys.<ref name="Infosys's Competitors, Revenue, Number of Employees, Funding and Acquisitions"/><ref>{{cite web |title=Mphasis |url=https://www.insurancehound.co.uk/company/mphasis |website=insurancehound.co.uk |accessdate=12 November 2019}}</ref>
 
|-
 
|-
 
| 2000 || January || Training || Infosys formally establishes its Learning and Development Group (L&D).<ref name="History of Infosys"/>
 
| 2000 || January || Training || Infosys formally establishes its Learning and Development Group (L&D).<ref name="History of Infosys"/>
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| 2000 || || Financial || Infosys' revenue doubles in the span of a year, reaching US$200 million.<ref name="The Infosys timeline"/>
 
| 2000 || || Financial || Infosys' revenue doubles in the span of a year, reaching US$200 million.<ref name="The Infosys timeline"/>
 
|-
 
|-
| 2000 || || || "Infosys relaunches Banks 2000, the universal banking solution from Infosys, as Finacle."<ref name="History of Infosys"/> "Infosys launches Finacle, an integrated core banking solution that leverages internet technologies to drive the operations of a bank."<ref name="History of Infosys"/>
+
| 2000 || || Product || Infosys launches {{w|Finacle}}, an integrated core banking product that leverages internet technologies to drive the operations of a bank.<ref name="History of Infosys"/>  
 
|-
 
|-
| 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"/>
+
| 2001 || || Leadership || {{w|N. R. Narayana Murthy}} is rated among {{w|Time Magazine}}/{{w|CNN}}'s 25 most influential businessmen in the world. He is also rated best employer by {{w|Business World}}/Hewitt.<ref name="The Infosys timeline"/>
 
|-
 
|-
 
| 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"/>
 
| 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"/>
 
|-
 
|-
| 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"/>
+
| 2002 || || Leadership || {{w|Nandan Nilekani}} assumes as CEO of {{w|Infosys}}.<ref name="The Infosys timeline"/> {{w|N. R. Narayana Murthy}} becomes chairman.<ref name="TIMELINE-Key events for Infosys since inception"/>
 +
|-
 +
| 2002 || || Financial || {{w|Infosys}} revenue reaches $500 million.<ref name="TIMELINE-Key events for Infosys since inception"/>
 +
|-
 +
| 2002 || || Product || {{w|Infosys}} launches back-office outsourcing services unit, [[w:Infosys BPM|Progeon]].<ref name="TIMELINE-Key events for Infosys since inception"/>
 +
|-
 +
| 2002 || || Personnel || Infosys hires 15000 recruits in the year, compared to 250 in 1992.<ref name="History of Infosys"/>  
 
|-
 
|-
| 2002 || || || Infosys hires 15000 recruits in the year, compared to 250 in 1992.<ref name="History of Infosys"/>  
+
| 2002 || || Humanitarian aid || Infosys announces plans to set up its first disaster recovery center in {{w|Mauritius}}.<ref name="History of Infosys"/>
 
|-
 
|-
| 2002 || || || Infosys announces plans to set up its first disaster recovery cener in {{w|Mauritius}}.<ref name="History of Infosys"/>
+
| 2002 || || Subsidiary || {{w|Infosys BPM}} is established. Based in {{w|Bangalore}}, it is the business process outsourcing subsidiary of Infosys.<ref>{{cite web |title=Infosys BPM |url=https://www.crunchbase.com/organization/infosys-bpo#section-overview |website=crunchbase.com |accessdate=18 October 2019}}</ref>
 
|-
 
|-
| 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>
+
| 2003 || || International expansion || 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>
 
|-
 
|-
 
| 2003 || || Facility || Infosys opens a Development Center in {{w|Thiruvananthapuram}}.<ref name="History of Infosys"/>
 
| 2003 || || Facility || Infosys opens a Development Center in {{w|Thiruvananthapuram}}.<ref name="History of Infosys"/>
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| 2003 || December || Acquisition || Infosys acquires Expert Information Services, an IT service provider based in Australia, for US$23 million.<ref>{{cite web | title=Infosys to buy Australian firm Expert for $22.9 m |work=The Hindu |url=http://www.thehindubusinessline.com/2003/12/19/stories/2003121902640100.htm |date=19 Dec 2003 |accessdate=15 September 2019}}</ref><ref>{{cite web |title=Infosys Media Release – Infosys announces agreement to acquire Expert |url=https://www.infosys.com/australia/news/Documents/infosys-acquires-expert.pdf |publisher=Infosys |date=18 Dec 2003|accessdate=15 September 2019}}</ref>
 
| 2003 || December || Acquisition || Infosys acquires Expert Information Services, an IT service provider based in Australia, for US$23 million.<ref>{{cite web | title=Infosys to buy Australian firm Expert for $22.9 m |work=The Hindu |url=http://www.thehindubusinessline.com/2003/12/19/stories/2003121902640100.htm |date=19 Dec 2003 |accessdate=15 September 2019}}</ref><ref>{{cite web |title=Infosys Media Release – Infosys announces agreement to acquire Expert |url=https://www.infosys.com/australia/news/Documents/infosys-acquires-expert.pdf |publisher=Infosys |date=18 Dec 2003|accessdate=15 September 2019}}</ref>
 
|-
 
|-
| 2004 || || Recognition || Infosys is among sevem international companies, and the only Indian organization, chosen to be in the first annual list of "Top Brands with a Conscience".
+
| 2004 || February || Recognition || Infosys is among seven international companies, and the only Indian organization, chosen to be in the first annual list of "Top Brands with a Conscience".<ref>{{cite web |title=Infosys among seven global brands with a conscience |url=https://www.infosys.com/newsroom/press-releases/Pages/global-brands.aspx |website=infosys.com |accessdate=10 November 2019}}</ref>
 
|-
 
|-
| 2004 || || || The Learning&Development Group is combined with the Infosys Leadership Institute, which offers managerial and leadership training.<ref name="History of Infosys"/>
+
| 2004 || || Education || The Learning&Development Group is combined with the Infosys Leadership Institute, which offers managerial and leadership training.<ref name="History of Infosys"/>
 
|-
 
|-
 
| 2004 || April || Subsidiary || Infosys Consulting Inc. is formed.<ref name="History of Infosys"/>
 
| 2004 || April || Subsidiary || Infosys Consulting Inc. is formed.<ref name="History of Infosys"/>
Line 111: Line 129:
 
| 2004 || July || Education || Infosys launches Campus Connect, as an industry-academia partnership, with the purpose to empower engineering colleges to produce "industry-ready" recruits.<ref name="History of Infosys"/>
 
| 2004 || July || Education || Infosys launches Campus Connect, as an industry-academia partnership, with the purpose to empower engineering colleges to produce "industry-ready" recruits.<ref name="History of Infosys"/>
 
|-
 
|-
| 2004 || || Partnership || "Microsoft and Infosys announce a US$8 million IT transformation initiative, designed to help clients improve business performance and build competitive advantage"<ref name="History of Infosys"/>
+
| 2004 || || Partnership || {{w|Infosys}} and {{w|Microsoft}} announce a US$8 million IT transformation initiative, designed to help clients improve business performance and build competitive advantage.<ref name="History of Infosys"/>
 
|-
 
|-
 
| 2004 || || Financial || Infosys' annual revenue reaches US$1 billion for the first time.<ref name="The Infosys timeline"/>
 
| 2004 || || Financial || Infosys' annual revenue reaches US$1 billion for the first time.<ref name="The Infosys timeline"/>
 
|-
 
|-
| 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"/>
+
| 2005 || || Financial || {{w|Infosys}} launches offer of {{w|American Depositary Receipts}} (ADRs) against existing local shares in US$1 billion deal, at the time the biggest conversion of Indian shares into ADRs.<ref name="TIMELINE-Key events for Infosys since inception"/>
 
|-
 
|-
 
| 2005 || || Training || Infosys opens its Global Education Centre (GEC) in {{w|Mysore}}.<ref name="History of Infosys"/>
 
| 2005 || || Training || Infosys opens its Global Education Centre (GEC) in {{w|Mysore}}.<ref name="History of Infosys"/>
 
|-
 
|-
| 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"/>
+
| 2006 || || Financial || Riding on the demand for outsourcing, {{w|Infosys}} annual revenue doubles to US$2 billion in 23 months.<ref name="The Infosys timeline"/>
 
|-
 
|-
| 2006 || March || || {{w|Fortune}} magazine visits Infisys GEC and reports that gaining admission to the "Taj Mahal of training centers" is harder than getting into {{w|Harvard}}, with only 1% of applicants being selected at Infosys from over 1.3 million, as opposed to 9% of Harvard.<ref name="History of Infosys"/>
+
| 2006 || March || Education || {{w|Fortune}} magazine visits Infisys GEC and reports that gaining admission to the "Taj Mahal of training centers" is harder than getting into {{w|Harvard}}, with only 1% of applicants being selected at Infosys from over 1.3 million, as opposed to 9% of Harvard.<ref name="History of Infosys"/>
 
|-
 
|-
| 2006 || || Leadership || "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"/>
+
| 2006 || || Leadership || {{w|N. R. Narayana Murthy}} retires as chairman after 25 years at the helm of the firm after reaching the company’s retirement age of 60, though he continues as non-executive chairman and mentor.<ref name="TIMELINE-Key events for Infosys since inception"/>
 
|-
 
|-
 
| 2006 || July || Recognition || Infosys is included in the {{w|NASDAQ}} Global Select Market, a new market tier with the highest listing standards in the world.<ref name="History of Infosys"/>
 
| 2006 || July || Recognition || Infosys is included in the {{w|NASDAQ}} Global Select Market, a new market tier with the highest listing standards in the world.<ref name="History of Infosys"/>
 
|-
 
|-
| 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"/>
+
| 2007 || || Leadership || {{w|Kris Gopalakrishnan}} assumes role as {{w|CEO}} of {{w|Infosys}}. {{w|Nandan Nilekani}} is appointed Co-Chairman of the Board of Directors.<ref name="The Infosys timeline"/><ref name="TIMELINE-Key events for Infosys since inception"/>
 
|-
 
|-
| 2007 || || || Infosys receives over 1.3 million applications and hires fewer than 3% of applicants.<ref name="History of Infosys"/>
+
| 2007 || || Personnel || {{w|Infosys}} receives over 1.3 million applications and hires fewer than 3% of applicants.<ref name="History of Infosys"/>
 
|-
 
|-
| 2007 || || Financial || Infosys surpasses US$3 billion in revenues. Staff grows to over 70,000.<ref name="History of Infosys"/>
+
| 2007 || || Financial || {{w|Infosys}} surpasses US$3 billion in revenues. Staff grows to over 70,000.<ref name="History of Infosys"/>
 
|-
 
|-
| 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"/>
+
| 2008 || || Acquisition || {{w|Infosys}} announces US$700 million-plus bid to acquire British consulting firm [[w:HCL Axon|Axon]], but drops out of race after smaller domestic rival {{w|HCL Technologies}} makes a higher offer.<ref name="TIMELINE-Key events for Infosys since inception"/>
 
|-
 
|-
 
| 2008 || || Financial || 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"/>
 
| 2008 || || Financial || 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"/>
 
|-
 
|-
| 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"
+
| 2008 || November 19 || Recognition || Infosys is selected as a member of The Global Dow, an index of the most innovative, vibrant and influential corporations from around the world.<ref>{{cite web |title=Infosys Technologies Selected as a Member of The Global Dow |url=https://www.infosys.com/newsroom/press-releases/Pages/member-the-global-dow.aspx |website=infosys.com |accessdate=29 October 2019}}</ref>
|-
 
| 2009 || || Recognition || "Infosys is selected as a member of The Global Dow"
 
 
|-
 
|-
 
| 2009 || December || Acquisition || Infosys acquires McCamish Systems, a U.S. insurance and financial services provider, for US$ 38 million.<ref>{{cite web |title=Infosys BPO to acquire US company McCamish |work=Deccan Herald |url=http://www.deccanherald.com/content/35543/F |date= 12 Nov 2009 |accessdate=15 September 2019}}</ref>
 
| 2009 || December || Acquisition || Infosys acquires McCamish Systems, a U.S. insurance and financial services provider, for US$ 38 million.<ref>{{cite web |title=Infosys BPO to acquire US company McCamish |work=Deccan Herald |url=http://www.deccanherald.com/content/35543/F |date= 12 Nov 2009 |accessdate=15 September 2019}}</ref>
 
|-
 
|-
| 2010 || || Financial || " Infosys crosses $5 billion revenue mark."<ref name="The Infosys timeline"/><ref name="TIMELINE-Key events for Infosys since inception"/>
+
| 2010 || || Financial || Infosys surpasses US$5 billion revenue mark.<ref name="The Infosys timeline"/><ref name="TIMELINE-Key events for Infosys since inception"/>
 
|-
 
|-
 
| 2010 || || Training || Infosys' GEC II (Global Education Centre) is innaugurated, increasing capacity to develop 14,000 employees simultaneously.<ref name="History of Infosys"/>
 
| 2010 || || Training || Infosys' GEC II (Global Education Centre) is innaugurated, increasing capacity to develop 14,000 employees simultaneously.<ref name="History of Infosys"/>
 
|-
 
|-
| 2010 || || || "Microsoft signs a partnership worth US$ 189 million over three years, with a possible expansion to US$ 240 million."<ref name="History of Infosys"/>
+
| 2010 || April || Partnership || Infosys signs partnership with {{w|Microsoft}} worth US$ 189 million over three years, with a possible expansion to US$ 240 million.<ref name="History of Infosys"/> A deal calls for Infosys to manage all Microsoft’s IT services worldwide.<ref>{{cite web |title=Microsoft Outsources IT to Infosys |url=https://www.cio.com/article/2372840/microsoft-outsources-it-to-infosys.html |website=cio.com |accessdate=29 October 2019}}</ref>
 
|-
 
|-
| 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"/>
+
| 2011 || || Leadership || {{w|Narayana Murthy}} becomes Chairman Emeritus of Infosys, while incumbent COO {{w|S.D. Shibulal}} assumes as the CEO and MD succeeding {{w|Kris Gopalakrishnan}}.<ref name="The Infosys timeline"/><ref name="TIMELINE-Key events for Infosys since inception"/>
 
|-
 
|-
| 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"/>
+
| 2011 || February || Legal || ''Palmer v. Infosys'' case: Infosys project manager Jack B. Palmer files a case against the company alleging that Infosys was writing false invitation letters for [[w:B visa|B1 business visas]] for Indian employees. The short-term Business Visa (B-1) is meant for employees who travel to consult with associates, attend training or a convention and not for full-time jobs.<ref>{{cite web |title=Who is Infosys whistleblower Jack Palmer? |url=https://www.ndtv.com/business/who-is-infosys-whistleblower-jack-palmer-371036 |website=ndtv.com |accessdate=12 November 2019}}</ref> In August 2012, this case would be dismissed by a US Judge.<ref>{{cite web |title=Infosys Vs Jay Palmer: US Judge dismisses Palmer's case against Infosys |url=http://www.forbesindia.com/blog/technology/infosys-vs-jay-palmer-us-judge-dismisses-palmers-case-against-infosys/ |website=forbesindia.com |accessdate=12 November 2019}}</ref> 
 +
|-
 +
| 2011 || || Legal || Infosys announces having received a {{w|subpoena}} from a grand jury in a United States district court that requires the company to provide certain documents and records related to [[w:B visa|B1 business visas]].<ref name="TIMELINE-Key events for Infosys since inception"/>
 
|-
 
|-
 
| 2012 || January || Acquisition || Infosys acquires Portland Group, an Australian strategic sourcing and category management provider, for AUD 37 million.<ref>{{cite web  |title=Infosys BPO looking for buyouts to double its revenues to $1 bn |work=The Economic Times | url=http://economictimes.indiatimes.com/tech/ites/infosys-bpo-looking-for-buyouts-to-double-its-revenues-to-1-bn/articleshow/15009715.cms |date= 17 July 2012|accessdate=7 October 2017}}</ref><ref>{{cite web  |title=Infosys BPO to buy Australia's Portland Group |work=The Hindu Business Line | url=http://www.thehindubusinessline.com/info-tech/infosys-bpo-to-buy-australias-portland-group/article2732190.ece |date=20 Dec 2011  |accessdate=15 September 2019}}</ref>   
 
| 2012 || January || Acquisition || Infosys acquires Portland Group, an Australian strategic sourcing and category management provider, for AUD 37 million.<ref>{{cite web  |title=Infosys BPO looking for buyouts to double its revenues to $1 bn |work=The Economic Times | url=http://economictimes.indiatimes.com/tech/ites/infosys-bpo-looking-for-buyouts-to-double-its-revenues-to-1-bn/articleshow/15009715.cms |date= 17 July 2012|accessdate=7 October 2017}}</ref><ref>{{cite web  |title=Infosys BPO to buy Australia's Portland Group |work=The Hindu Business Line | url=http://www.thehindubusinessline.com/info-tech/infosys-bpo-to-buy-australias-portland-group/article2732190.ece |date=20 Dec 2011  |accessdate=15 September 2019}}</ref>   
Line 157: Line 175:
 
| 2012 || || Recognition || Infosys is ranked by {{w|Forbes}} among the most innovative companies.<ref name="The Infosys timeline"/>
 
| 2012 || || Recognition || Infosys is ranked by {{w|Forbes}} among the most innovative companies.<ref name="The Infosys timeline"/>
 
|-
 
|-
| 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"/>
+
| 2012 || || Legal || Infosys announces 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"/>
|-
 
| 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"/>
 
 
|-
 
|-
 
| 2012 || September || Acquisition || Infosys acquires Lodestone Holding AG, a Swiss management consultancy provider, for US$345 million.<ref>{{cite web | title=Infosys acquires Swiss firm Lodestone for Rs. 1,925 crore |work=The Hindu |url=http://www.thehindu.com/business/infosys-acquires-swiss-firm-lodestone-for-rs1925-crore/article3880535.ece |date=10 September 2012 |accessdate=15 September 2019}}</ref>   
 
| 2012 || September || Acquisition || Infosys acquires Lodestone Holding AG, a Swiss management consultancy provider, for US$345 million.<ref>{{cite web | title=Infosys acquires Swiss firm Lodestone for Rs. 1,925 crore |work=The Hindu |url=http://www.thehindu.com/business/infosys-acquires-swiss-firm-lodestone-for-rs1925-crore/article3880535.ece |date=10 September 2012 |accessdate=15 September 2019}}</ref>   
 
|-
 
|-
| 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"/>
+
| 2012 || || Legal || Infosys reports that the {{w|United States Department of Homeland Security}} (DHS) has found errors in the [[w:Form I-9|I-9 forms]] the company filed with the Department. The {{w|Form I-9}} is used by an employer to verify an employee’s identity and to establish that the worker is eligible to accept employment in the United States.<ref name="TIMELINE-Key events for Infosys since inception"/><ref>{{cite web |title=Infosys under US security scanner for erroneous employee verification |url=https://www.ndtv.com/business/infosys-under-us-security-scanner-for-erroneous-employee-verification-302541 |website=ndtv.com |accessdate=29 October 2019}}</ref>
 
|-  
 
|-  
| 2014 || || Leadership || " 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"/>
+
| 2014 || July || Leadership || {{w|Vishal Sikka}} assumes as Infosys CEO, replacing {{w|S. D. Shibulal}}.<ref>{{cite web |title=Vishal Sikka to replace S D Shibulal as Infosys CEO on Friday |url=https://www.indiatoday.in/business/india/story/vishal-sikka-infosys-s-d-shibulal-n-r-narayana-murthy-nandan-nilekani-s-gopalakrishnan-202413-2014-07-31 |website=indiatoday.in |accessdate=29 October 2019}}</ref><ref>{{cite web |title=Infosys rejig: Narayana Murthy out, Vishal Sikka in |url=https://www.indiatoday.in/business/story/infosys-dr-vishal-sikka-narayana-murthy-s-gopalakrishnan-196620-2014-06-12 |website=indiatoday.in |accessdate=29 October 2019}}</ref>
 +
|-
 +
| 2014 || December || || Infosys gifts Apple {{w|iPhone 6s}} smartphones to its top 3,000 employees in a bid to curb the high rates of attrition in the software industry.<ref name="The Infosys timeline"/>
 
|-  
 
|-  
| 2014 || July || || "In July 2014, Infosys started a product subsidiary called {{w|EdgeVerve Systems}}, focusing on enterprise software products for business operations, customer service, procurement and commerce network domains."<ref>{{cite news|title=Edgeverve is born|url=http://wap.business-standard.com/article/companies/infy-s-edgeverve-moves-out-of-parent-s-shadow-114111700414_1.html|accessdate=11 December 2015|newspaper=Business Standard|date=November 17, 2014}}</ref>
+
| 2013 || October 29 || Legal || Infosys is fined US$35 million by the United States Government after an investigation by the Department of Homeland Security and the State Department found that is used inexpensive, easy-to-obtain [[w:B visa|B-1 visas]] with the purpose to cover short business visits, instead of {{w|H-1B visa}}s which are harder to get.<ref>{{cite web |title=Infosys to pay $34m penalty over US visa probe |url=https://www.ft.com/content/2be34c42-406f-11e3-bd57-00144feabdc0 |website=ft.com |accessdate=29 October 2019}}</ref><ref>{{cite web |title=Infosys faces record US fine of $35 million in visa probe |url=https://www.livemint.com/Companies/B7OqsLes6aDjPBOf0xfuKK/Infosys-said-to-reach-35-million-settlement-with-US-on-visa.html |website=livemint.com |accessdate=29 October 2019}}</ref><ref>{{cite web |title=Infosys Fined $35M For Illegally Bringing Programmers Into US On Visitor Visas |url=https://yro.slashdot.org/story/13/10/29/2131246/infosys-fined-35m-for-illegally-bringing-programmers-into-us-on-visitor-visas |website=yro.slashdot.org |accessdate=29 October 2019}}</ref>  
 
|-
 
|-
| 2015 || || Acquisition || "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"/>
+
| 2014 || July 1 || Subsidiary || {{w|Infosys}} establishes {{w|EdgeVerve Systems}}. Based in {{w|Bangalore}}, it focuses on enterprise software products for business operations, customer service, procurement and commerce network domains.<ref>{{cite news|title=Edgeverve is born|url=http://wap.business-standard.com/article/companies/infy-s-edgeverve-moves-out-of-parent-s-shadow-114111700414_1.html|accessdate=11 December 2015|newspaper=Business Standard|date=November 17, 2014}}</ref><ref>{{cite web |title=EdgeVerve |url=https://www.crunchbase.com/organization/finacle-core-banking#section-overview |website=crunchbase.com |accessdate=18 October 2019}}</ref>
 
|-
 
|-
 
| 2015 || March || Acquisition || Infosys acquires Israeli automation technology provider Panaya, for US$200 million.<ref>{{cite web | title=Infosys buys automation technology startup Panaya, deal valued at Rs 1200 crore |work=The Economic Times |url=http://economictimes.indiatimes.com/tech/ites/infosys-buys-automation-technology-startup-panaya-deal-valued-at-rs-1200-crore/articleshow/46258808.cms |date=17 Feb 2015 |accessdate=7 October 2017}}</ref><ref>{{cite web | title=Infosys' $200&nbsp;million Israeli software company Panaya is in the eye of the storm |work=The Economic Times |url=http://economictimes.indiatimes.com/tech/ites/infys-200-m-israeli-software-panaya-the-eye-of-the-storm/articleshow/57116308.cms |accessdate=15 September 2019}}</ref>   
 
| 2015 || March || Acquisition || Infosys acquires Israeli automation technology provider Panaya, for US$200 million.<ref>{{cite web | title=Infosys buys automation technology startup Panaya, deal valued at Rs 1200 crore |work=The Economic Times |url=http://economictimes.indiatimes.com/tech/ites/infosys-buys-automation-technology-startup-panaya-deal-valued-at-rs-1200-crore/articleshow/46258808.cms |date=17 Feb 2015 |accessdate=7 October 2017}}</ref><ref>{{cite web | title=Infosys' $200&nbsp;million Israeli software company Panaya is in the eye of the storm |work=The Economic Times |url=http://economictimes.indiatimes.com/tech/ites/infys-200-m-israeli-software-panaya-the-eye-of-the-storm/articleshow/57116308.cms |accessdate=15 September 2019}}</ref>   
Line 177: Line 195:
 
| 2015 || November || Acquisition || Infosys acquires U.S. information management consulting services Noah-Consulting, for US$70 million.<ref>{{cite web | title=Infosys completes acquisition of Noah Consulting |work=Economic Times |url=http://economictimes.indiatimes.com/tech/ites/infosys-completes-acquisition-of-noah-consulting/articleshow/49844733.cms}}</ref>  
 
| 2015 || November || Acquisition || Infosys acquires U.S. information management consulting services Noah-Consulting, for US$70 million.<ref>{{cite web | title=Infosys completes acquisition of Noah Consulting |work=Economic Times |url=http://economictimes.indiatimes.com/tech/ites/infosys-completes-acquisition-of-noah-consulting/articleshow/49844733.cms}}</ref>  
 
|-
 
|-
| 2016 || || Financial || " Annual revenue touches $10 billion.<ref name="The Infosys timeline"/>
+
| 2016 || || Financial || Infosys annual revenue reaches US$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"/>
+
| 2016 || April || Partnership || In the United States, Infosys Foundation USA collaborates with {{w|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"/><ref>{{cite web |title=Infosys Foundation USA Partners With the National Science Foundation and DonorsChoose.org to Pioneer a New Model of Public-Private-Community Collaboration for Computer Science Education |url=https://www.prnewswire.com/news-releases/infosys-foundation-usa-partners-with-the-national-science-foundation-and-donorschooseorg-to-pioneer-a-new-model-of-public-private-community-collaboration-for-computer-science-education-577404881.html |website=prnewswire.com |accessdate=29 October 2019}}</ref>
 
 
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"/>
 
 
|-
 
|-
 +
| 2017 || || Personnel || Infosys total personnel reaches 194,044 employees, a a 10.14% increase from 2015.<ref name="Infosys: Number of Employees 2006-2019 | INFY"/>
 +
|-
 
| 2017 || April || Acquisition || Infosys acquires U.S. software company Skytree.<ref>{{cite web | title=Skytree |work=Crunchbase |url=https://www.crunchbase.com/organization/skytree#section-overview |accessdate=15 September 2019}}</ref><ref>{{cite web | title=Infosys is reaching for the sky with holistic automation strategy |work=Horses for Sources |url=https://www.horsesforsources.com/Infosys-reaching-sky-holistic-automation-strategy_042117 |date=26 April 2017|accessdate=15 September 2019}}</ref>
 
| 2017 || April || Acquisition || Infosys acquires U.S. software company Skytree.<ref>{{cite web | title=Skytree |work=Crunchbase |url=https://www.crunchbase.com/organization/skytree#section-overview |accessdate=15 September 2019}}</ref><ref>{{cite web | title=Infosys is reaching for the sky with holistic automation strategy |work=Horses for Sources |url=https://www.horsesforsources.com/Infosys-reaching-sky-holistic-automation-strategy_042117 |date=26 April 2017|accessdate=15 September 2019}}</ref>
 
|-
 
|-
 
| 2017 || August || Acquisition || Infosys acquires UK digital product and customer experience studio Brilliant Basics, for GBP 7.5 million.<ref>{{cite web | title=Infosys completes Brilliant Basics acquisition |work=Money Control |url=http://www.moneycontrol.com/news/business/infosys-completes-brilliant-basics-acquisition-2384159.html |date=11 September 2017|accessdate=15 September 2019}}</ref>  
 
| 2017 || August || Acquisition || Infosys acquires UK digital product and customer experience studio Brilliant Basics, for GBP 7.5 million.<ref>{{cite web | title=Infosys completes Brilliant Basics acquisition |work=Money Control |url=http://www.moneycontrol.com/news/business/infosys-completes-brilliant-basics-acquisition-2384159.html |date=11 September 2017|accessdate=15 September 2019}}</ref>  
 +
|-
 +
| 2017 || || Personnel || Infosys total personnel reaches 200,364 employees, a 3.26% increase from 2016.<ref name="Infosys: Number of Employees 2006-2019 | INFY"/>
 
|-
 
|-
 
| 2018 || October || Acquisition || Infosys acquires Finnish Salesforce partner Fluido Oy for EUR 65 million.<ref>{{cite web | title=Infosys Consulting buys Finnish Salesforce partner Fluido Oy for €65 million|work=Consultancy.eu |url=https://www.consultancy.eu/news/1791/infosys-consulting-buys-finnish-salesforce-partner-fluido-oy-for-65-million |date=17 September 2018|accessdate=15 September 2019}}</ref>
 
| 2018 || October || Acquisition || Infosys acquires Finnish Salesforce partner Fluido Oy for EUR 65 million.<ref>{{cite web | title=Infosys Consulting buys Finnish Salesforce partner Fluido Oy for €65 million|work=Consultancy.eu |url=https://www.consultancy.eu/news/1791/infosys-consulting-buys-finnish-salesforce-partner-fluido-oy-for-65-million |date=17 September 2018|accessdate=15 September 2019}}</ref>
 +
|-
 +
| 2018 || || Personnel || Infosys total personnel reaches 204,107 employees, a 1.87% increase from 2017.<ref name="Infosys: Number of Employees 2006-2019 | INFY"/>
 +
|-
 +
| 2018 || October || Competition || Source claims {{w|Noida}}-based multinational {{w|information technology}} service and consulting company {{w|HCL Technologies}} aims to overtake Infosys in revenue in 5 years. Acquisitions and {{w|intellectual property}} partnerships would drive most of the incremental growth.<ref>{{cite web |title=HCL Technologies aims to overtake Infosys in revenue over the next 5 years |url=https://www.business-standard.com/article/companies/hcl-technologies-aims-to-overtake-infosys-in-revenue-over-the-next-5-years-118090501325_1.html |website=business-standard.com |accessdate=11 November 2019}}</ref>
 
|-
 
|-
 
| 2019 || January || Acquisition || Infosys acquires U.S. advertising and creative strategy services provider WongDoody, for US$75 million.<ref>{{Cite web|url=http://www.wongdoody.com/work/wongdoody-joins-infosys/|title=Wongdoody Joins Infosys|website=www.wongdoody.com|access-date=15 September 2019}}</ref>
 
| 2019 || January || Acquisition || Infosys acquires U.S. advertising and creative strategy services provider WongDoody, for US$75 million.<ref>{{Cite web|url=http://www.wongdoody.com/work/wongdoody-joins-infosys/|title=Wongdoody Joins Infosys|website=www.wongdoody.com|access-date=15 September 2019}}</ref>
 
|-
 
|-
| 2019 || March 29 || Financial || Infosys' {{w|market capitalization}} stands at US$46.52 billion.<ref>{{Cite web|url=https://ycharts.com/companies/INFY/market_cap|title=Infosys Market Cap (INFY) – YCharts|date=2019-06-20|website=Ycharts.com|access-date=17 October 2019}}</ref>
+
| 2019 || March 29 || Financial || Infosys' {{w|market capitalization}} stands at US$46.52 billion.<ref>{{Cite web|url=https://ycharts.com/companies/INFY/market_cap|title=Infosys Market Cap (INFY) – YCharts|date=2019-06-20|website=Ycharts.com|access-date=17 October 2019}}</ref><ref>{{cite web |title=Infosys Limited spends over INR 18 crores under its CSR initiatives; focuses on healthcare & relief programs |url=https://csrbox.org/India_CSR_news_Infosys-Limited-spends-over-INR-18-crores-under-its-CSR-initiatives;-focuses-on-healthcare-&-relief-programs-_458 |website=csrbox.org |accessdate=29 October 2019}}</ref>
 
|-
 
|-
 
| 2019 || March || Personnel || As of date, Infosys has a total of 228,123 employees, out of which 37% are women.<ref name="InvestorSheet">{{Cite web|url=https://www.infosys.com/investors/reports-filings/Documents/investor-sheet.xls|title=Investor Sheet |publisher=infosys.com |access-date=15 September 2019}}</ref> Out of its total workforce, 79% are software professionals, 16% are working in its BPM arm and remaining 5% work for support and sales.<ref name="InvestorSheet"/>
 
| 2019 || March || Personnel || As of date, Infosys has a total of 228,123 employees, out of which 37% are women.<ref name="InvestorSheet">{{Cite web|url=https://www.infosys.com/investors/reports-filings/Documents/investor-sheet.xls|title=Investor Sheet |publisher=infosys.com |access-date=15 September 2019}}</ref> Out of its total workforce, 79% are software professionals, 16% are working in its BPM arm and remaining 5% work for support and sales.<ref name="InvestorSheet"/>
 
|-
 
|-
| 2019 || April || Acquisition || Infosys acquires Netherlands-based mortage services provider Stater N.V., for EUR 127.5 million.
+
| 2019 || April || Acquisition || Infosys acquires {{w|Netherlands}}-based mortage services provider Stater N.V., for EUR 127.5 million.
 +
|-
 +
| 2019 || || Personnel || Infosys total personnel reaches 228,123 employees, a 11.77% increase from 2018.<ref name="Infosys: Number of Employees 2006-2019 | INFY">{{cite web |title=Infosys: Number of Employees 2006-2019 |url=https://www.macrotrends.net/stocks/charts/INFY/infosys/number-of-employees |website=macrotrends.net |accessdate=29 October 2019}}</ref>
 
|-
 
|-
 
|}
 
|}
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===What the timeline is still missing===
 
===What the timeline is still missing===
 
*[https://www.ndtv.com/business/stock/infosys-ltd_infy/reports]
 
*[https://www.goodreturns.in/company/infosys/history.html]
 
  
 
===Timeline update strategy===
 
===Timeline update strategy===
  
 
==See also==
 
==See also==
 +
 +
* [[Timeline of Tata Group]]
 +
* [[Timeline of Reliance Industries Limited]]
  
 
==External links==
 
==External links==

Latest revision as of 10:30, 12 November 2019

This is a timeline of Infosys, a Bangalore-based multinational corporation that provides business consulting, information technology and outsourcing services.

Big picture

Time period Development summary
1980s Infosys is established in Pune, India. In 1984 it relocates in Bangalore, where the first computer is established in the town.
1990s In the 1990s, the Indian economy liberalizes, allowing business to grow rapidly in the country. In 1992, the company opens its first international office. In 1993, the company helds its initial public offer and is listed on the stock exchange in India.In 1994, the company helds its initial public offer and is listed on the stock exchange in India.[1] In the mid-90s, Infosys sets up Strategic Business Units to encourage autonomy of operation and generate the next generation of business leaders.[2] It becomes one of the first Indian companies to offer stocks to its employees.[3]
2000s Indian business comes of age and soar, and software companies like Tata Consultancy Services, Infosys and Cognizant become world-famous.[4]
2010s Infosys grows to become the second-largest Indian IT company after Tata Consultancy Services.[5][6] As of March 29, 2019, its market capitalization is US$46.52 billion.[7] The Standard & Poor's credit rating of the company is A−.[8]

Full timeline

Year Month and date Event type Details
1968 Competition Tata Consultancy Services is founded as India's first software services company. Established several years before Infosys, it would grow to a global enterprise with a presence in 46 countries.[9]
1981 Founding Infosys is established by N. R. Narayana Murthy and six engineers in Pune, India, with an initial capital of US$ 250. In the same year, the company achieves its first outsourcing contract with Data Basics Corporation, New York.[10][11]
1982 Competition Indian multinational corporation Wipro enters the information technology business.[12]
1983 Administration Infosys relocates corporate office to Bangalore.[10] It is one of the first software companies to set up operations in the city that would be recognized as India’s Silicon Valley.[11]
1984 Infrastructure Infosys imports the first computer to Bangalore.[13]
1986 Competition Tech Mahindra is founded as a subsidiary of the Mahindra Group, providing information technology.[14] It is considered among the top 10 competitors of Infosys.[15]
1987 International expansion Infosys opens its first off-shore office in Boston.[10]
1990 Competition Wipro enters into 3rd party R&D services and IT services.[12] It is considered among the top 10 competitors of Infosys.[15]
1991 Background The Indian economy is liberalized. This would dramatically accelerate the growth of Infosys.[2]
1992 Service Infosys becomes the first Indian software house to operate an Offshore Software Development Center (OSDC) for General Electric.[2]
1992 International expansion Infosys opens its first international office in Boston.[2]
1992 Administration Infosys establishes its Quality department.[2]
1992 December Technology milestone The first 64kbps international private line for any company in India is established between Infosys' office in Boston and its headquarters in Bangalore.[2]
1993 February Financial Infosys makes an initial public offer.[2]
1993–2003 March 1993 – March 2003 Growth Infosys perceives a compounded annual growth rate of 65% and its revenues jump from US$5 million to US$754 million.[13]
1993 June Financial Infosys is listed on Indian stock exchanges.[2]
1993 Financial Infosys introduces Employee Stock Options (ESOP) program.[10] The company lists on Indian exchanges and is among first in India to introduce employee stock-option plan, a move to attract and retain talent.[11]
1993 November Certification Infosys obtains the ISO 9001/TickIT certification. Within a week of the certification, work begins towards attaining Level 4 of the Capability Maturity Model (CMM) instituted by the Software Engineering Institute.[2]
1994 Administration Infosys moves corporate headquarters to Electronics City, Bangalore, and opens a Development Center at Fremont.[13][10]
1994 Financial Infosys launches its first Employee Stock Option Plan (ESOP).[2]
1995 International expansion Infosys enters the European market by opening an office in the United Kingdom. Global development centers are also established in Toronto and Mangalore.[10][13]
1995 Technology milestone The first video conference is held between Infosys' Boston and Bangalore offices.[13]
1995 Service Infosys sets up electronic business practice.[13]
1996 Humanitarian aid The Infosys Foundation is established as Infosys' Corporate Social Responsibility (CSR) wing. It is a non-profit aimed at supporting the underprivileged sections of society.[10][13]
1996 December 23 Competition Mumbai-base global IT solutions and services company Larsen & Toubro Infotech is founded.[16] It is considered among the top 10 competitors of Infosys.[15]
1997 International expansion Infosys opens an office in Toronto.[13]
1998 Service Infosys starts Enterprise Solutions (packaged applications) practice.[10][13]
1999 March Financial Infosys becomes the first India-registered company to be listed on NASDAQ.[13] The company raises nan additional US$70.38 million by issuing 2.07 million shares under the American Depositary Shares Program.[1]
1999 Recognition Infosys becomes the 21st company worldwide to achieve a CMM Level 5 certification.[13]
1999 International expansion Infosys opens offices in Germany, Sweden, Belgium, Australia, and two development centers in the United States.[13]
1999 Subsidiary Infosys Business Consulting Services launches.[13]
1999 Financial Infosys reaches revenue of US$100 million, and subsequently goes public in the United States with a listing on NASDAQ. Infosys Business Consulting Services is launched.[10][11]
1999 Recognition Infosys is rated n°6 on the BusinessWorld-Indica poll of India's most respected companies. It is also voted India's most admired company in a survey conducted in the year.[13]
2000 Competition Bangalore-based IT services company Mphasis is founded.It is considered among the top 10 competitors of Infosys.[15][17]
2000 January Training Infosys formally establishes its Learning and Development Group (L&D).[13]
2000 Partnership Infosys and Microsoft announce a strategic global relationship.[13]
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.[13]
2000 Financial Infosys' revenue doubles in the span of a year, reaching US$200 million.[10]
2000 Product Infosys launches Finacle, an integrated core banking product that leverages internet technologies to drive the operations of a bank.[13]
2001 Leadership N. R. Narayana Murthy is rated among Time Magazine/CNN's 25 most influential businessmen in the world. He is also rated best employer by Business World/Hewitt.[10]
2001 International expansion Infosys opens offices in the United Arab Emirates and Argentina, and a development center in Japan.[13]
2002 Leadership Nandan Nilekani assumes as CEO of Infosys.[10] N. R. Narayana Murthy becomes chairman.[11]
2002 Financial Infosys revenue reaches $500 million.[11]
2002 Product Infosys launches back-office outsourcing services unit, Progeon.[11]
2002 Personnel Infosys hires 15000 recruits in the year, compared to 250 in 1992.[13]
2002 Humanitarian aid Infosys announces plans to set up its first disaster recovery center in Mauritius.[13]
2002 Subsidiary Infosys BPM is established. Based in Bangalore, it is the business process outsourcing subsidiary of Infosys.[18]
2003 International expansion Infosys establishes subsidiaries in China and Australia.[13]
2003 Facility Infosys opens a Development Center in Thiruvananthapuram.[13]
2003 December Acquisition Infosys acquires Expert Information Services, an IT service provider based in Australia, for US$23 million.[19][20]
2004 February Recognition Infosys is among seven international companies, and the only Indian organization, chosen to be in the first annual list of "Top Brands with a Conscience".[21]
2004 Education The Learning&Development Group is combined with the Infosys Leadership Institute, which offers managerial and leadership training.[13]
2004 April Subsidiary Infosys Consulting Inc. is formed.[13]
2004 July Education Infosys launches Campus Connect, as an industry-academia partnership, with the purpose to empower engineering colleges to produce "industry-ready" recruits.[13]
2004 Partnership Infosys and Microsoft announce a US$8 million IT transformation initiative, designed to help clients improve business performance and build competitive advantage.[13]
2004 Financial Infosys' annual revenue reaches US$1 billion for the first time.[10]
2005 Financial Infosys launches offer of American Depositary Receipts (ADRs) against existing local shares in US$1 billion deal, at the time the biggest conversion of Indian shares into ADRs.[11]
2005 Training Infosys opens its Global Education Centre (GEC) in Mysore.[13]
2006 Financial Riding on the demand for outsourcing, Infosys annual revenue doubles to US$2 billion in 23 months.[10]
2006 March Education Fortune magazine visits Infisys GEC and reports that gaining admission to the "Taj Mahal of training centers" is harder than getting into Harvard, with only 1% of applicants being selected at Infosys from over 1.3 million, as opposed to 9% of Harvard.[13]
2006 Leadership N. R. Narayana Murthy retires as chairman after 25 years at the helm of the firm after reaching the company’s retirement age of 60, though he continues as non-executive chairman and mentor.[11]
2006 July Recognition Infosys is included in the NASDAQ Global Select Market, a new market tier with the highest listing standards in the world.[13]
2007 Leadership Kris Gopalakrishnan assumes role as CEO of Infosys. Nandan Nilekani is appointed Co-Chairman of the Board of Directors.[10][11]
2007 Personnel Infosys receives over 1.3 million applications and hires fewer than 3% of applicants.[13]
2007 Financial Infosys surpasses US$3 billion in revenues. Staff grows to over 70,000.[13]
2008 Acquisition Infosys announces US$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.[11]
2008 Financial Infosys perceives revenues of at least US$4.18 billion and annual net profits of at least US$1 billion.[13]
2008 November 19 Recognition Infosys is selected as a member of The Global Dow, an index of the most innovative, vibrant and influential corporations from around the world.[22]
2009 December Acquisition Infosys acquires McCamish Systems, a U.S. insurance and financial services provider, for US$ 38 million.[23]
2010 Financial Infosys surpasses US$5 billion revenue mark.[10][11]
2010 Training Infosys' GEC II (Global Education Centre) is innaugurated, increasing capacity to develop 14,000 employees simultaneously.[13]
2010 April Partnership Infosys signs partnership with Microsoft worth US$ 189 million over three years, with a possible expansion to US$ 240 million.[13] A deal calls for Infosys to manage all Microsoft’s IT services worldwide.[24]
2011 Leadership Narayana Murthy becomes Chairman Emeritus of Infosys, while incumbent COO S.D. Shibulal assumes as the CEO and MD succeeding Kris Gopalakrishnan.[10][11]
2011 February Legal Palmer v. Infosys case: Infosys project manager Jack B. Palmer files a case against the company alleging that Infosys was writing false invitation letters for B1 business visas for Indian employees. The short-term Business Visa (B-1) is meant for employees who travel to consult with associates, attend training or a convention and not for full-time jobs.[25] In August 2012, this case would be dismissed by a US Judge.[26]
2011 Legal Infosys announces having received a subpoena from a grand jury in a United States district court that requires the company to provide certain documents and records related to B1 business visas.[11]
2012 January Acquisition Infosys acquires Portland Group, an Australian strategic sourcing and category management provider, for AUD 37 million.[27][28]
2012 Recognition Infosys is ranked by Forbes among the most innovative companies.[10]
2012 Legal Infosys announces 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.[11]
2012 September Acquisition Infosys acquires Lodestone Holding AG, a Swiss management consultancy provider, for US$345 million.[29]
2012 Legal Infosys reports that the United States Department of Homeland Security (DHS) has found errors in the I-9 forms the company filed with the Department. The Form I-9 is used by an employer to verify an employee’s identity and to establish that the worker is eligible to accept employment in the United States.[11][30]
2014 July Leadership Vishal Sikka assumes as Infosys CEO, replacing S. D. Shibulal.[31][32]
2014 December Infosys gifts Apple iPhone 6s smartphones to its top 3,000 employees in a bid to curb the high rates of attrition in the software industry.[10]
2013 October 29 Legal Infosys is fined US$35 million by the United States Government after an investigation by the Department of Homeland Security and the State Department found that is used inexpensive, easy-to-obtain B-1 visas with the purpose to cover short business visits, instead of H-1B visas which are harder to get.[33][34][35]
2014 July 1 Subsidiary Infosys establishes EdgeVerve Systems. Based in Bangalore, it focuses on enterprise software products for business operations, customer service, procurement and commerce network domains.[36][37]
2015 March Acquisition Infosys acquires Israeli automation technology provider Panaya, for US$200 million.[38][39]
2015 April Acquisition Infosys acquires U.S. digital experience solutions provider Skava, for US$120 million.[40][41]
2015 November Acquisition Infosys acquires U.S. information management consulting services Noah-Consulting, for US$70 million.[42]
2016 Financial Infosys annual revenue reaches US$10 billion.[10]
2016 April Partnership In the United States, 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.[10][43]
2017 Personnel Infosys total personnel reaches 194,044 employees, a a 10.14% increase from 2015.[44]
2017 April Acquisition Infosys acquires U.S. software company Skytree.[45][46]
2017 August Acquisition Infosys acquires UK digital product and customer experience studio Brilliant Basics, for GBP 7.5 million.[47]
2017 Personnel Infosys total personnel reaches 200,364 employees, a 3.26% increase from 2016.[44]
2018 October Acquisition Infosys acquires Finnish Salesforce partner Fluido Oy for EUR 65 million.[48]
2018 Personnel Infosys total personnel reaches 204,107 employees, a 1.87% increase from 2017.[44]
2018 October Competition Source claims Noida-based multinational information technology service and consulting company HCL Technologies aims to overtake Infosys in revenue in 5 years. Acquisitions and intellectual property partnerships would drive most of the incremental growth.[49]
2019 January Acquisition Infosys acquires U.S. advertising and creative strategy services provider WongDoody, for US$75 million.[50]
2019 March 29 Financial Infosys' market capitalization stands at US$46.52 billion.[51][52]
2019 March Personnel As of date, Infosys has a total of 228,123 employees, out of which 37% are women.[53] Out of its total workforce, 79% are software professionals, 16% are working in its BPM arm and remaining 5% work for support and sales.[53]
2019 April Acquisition Infosys acquires Netherlands-based mortage services provider Stater N.V., for EUR 127.5 million.
2019 Personnel Infosys total personnel reaches 228,123 employees, a 11.77% increase from 2018.[44]

Meta information on the timeline

How the timeline was built

The initial version of the timeline was written by User:Sebastian.

Funding information for this timeline is available.

Feedback and comments

Feedback for the timeline can be provided at the following places:

  • FIXME

What the timeline is still missing

Timeline update strategy

See also

External links

References

  1. 1.0 1.1 Globalization of Professional Services: Innovative Strategies, Successful Processes, Inspired Talent Management, and First-Hand Experiences (Ulrich Bäumer, Peter Kreutter, Wolfgang Messner ed.). 
  2. 2.0 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 Leadership @ infosys (Matt Barney ed.). 
  3. "Infosys to offer incentive to select executives in a bid to attract and retain talent". economictimes.indiatimes.com. Retrieved 29 October 2019. 
  4. "2010s: The decade is ending on a sour note for Indian economy". timesofindia.indiatimes.com. Retrieved 29 October 2019. 
  5. "Top 10 Information Technology (IT) Companies in India 2019". mbaskool.com. Retrieved 30 October 2019. 
  6. "Forbes 2017 Global 2000". Forbes. Retrieved 30 October 2019. 
  7. "Infosys Market Cap (INFY) – YCharts". Ycharts.com. 2019-06-20. Retrieved 2019-06-20. 
  8. "S&P upgrades TCS, Infosys, Wipro to 'A−' from 'BBB+'". The Economic Times. 13 December 2013. Archived from the original on 16 December 2013. Retrieved 29 October 2019. 
  9. "Our Timeline: The Complete Story, Tata group". tata.com. Retrieved 18 September 2019. 
  10. 10.00 10.01 10.02 10.03 10.04 10.05 10.06 10.07 10.08 10.09 10.10 10.11 10.12 10.13 10.14 10.15 10.16 10.17 10.18 10.19 10.20 "The Infosys timeline: $250 gamble to $10 billion sweepstake". thehindu.com. Retrieved 13 September 2019. 
  11. 11.00 11.01 11.02 11.03 11.04 11.05 11.06 11.07 11.08 11.09 11.10 11.11 11.12 11.13 11.14 11.15 "TIMELINE-Key events for Infosys since inception". reuters.com. Retrieved 13 September 2019. 
  12. 12.0 12.1 "Wipro". wipro.com. Retrieved 11 November 2019. 
  13. 13.00 13.01 13.02 13.03 13.04 13.05 13.06 13.07 13.08 13.09 13.10 13.11 13.12 13.13 13.14 13.15 13.16 13.17 13.18 13.19 13.20 13.21 13.22 13.23 13.24 13.25 13.26 13.27 13.28 13.29 13.30 13.31 13.32 13.33 13.34 "History of Infosys". slideshare.net. Retrieved 13 September 2019. 
  14. "Tech Mahindra Ltd.". ndtv.com. Retrieved 11 November 2019. 
  15. 15.0 15.1 15.2 15.3 "Infosys's Competitors, Revenue, Number of Employees, Funding and Acquisitions". owler.com. Retrieved 11 November 2019. 
  16. "Larsen & Toubro Infotech Ltd.". economictimes.indiatimes.com. Retrieved 12 November 2019. 
  17. "Mphasis". insurancehound.co.uk. Retrieved 12 November 2019. 
  18. "Infosys BPM". crunchbase.com. Retrieved 18 October 2019. 
  19. "Infosys to buy Australian firm Expert for $22.9 m". The Hindu. 19 Dec 2003. Retrieved 15 September 2019. 
  20. "Infosys Media Release – Infosys announces agreement to acquire Expert" (PDF). Infosys. 18 Dec 2003. Retrieved 15 September 2019. 
  21. "Infosys among seven global brands with a conscience". infosys.com. Retrieved 10 November 2019. 
  22. "Infosys Technologies Selected as a Member of The Global Dow". infosys.com. Retrieved 29 October 2019. 
  23. "Infosys BPO to acquire US company McCamish". Deccan Herald. 12 Nov 2009. Retrieved 15 September 2019. 
  24. "Microsoft Outsources IT to Infosys". cio.com. Retrieved 29 October 2019. 
  25. "Who is Infosys whistleblower Jack Palmer?". ndtv.com. Retrieved 12 November 2019. 
  26. "Infosys Vs Jay Palmer: US Judge dismisses Palmer's case against Infosys". forbesindia.com. Retrieved 12 November 2019. 
  27. "Infosys BPO looking for buyouts to double its revenues to $1 bn". The Economic Times. 17 July 2012. Retrieved 7 October 2017. 
  28. "Infosys BPO to buy Australia's Portland Group". The Hindu Business Line. 20 Dec 2011. Retrieved 15 September 2019. 
  29. "Infosys acquires Swiss firm Lodestone for Rs. 1,925 crore". The Hindu. 10 September 2012. Retrieved 15 September 2019. 
  30. "Infosys under US security scanner for erroneous employee verification". ndtv.com. Retrieved 29 October 2019. 
  31. "Vishal Sikka to replace S D Shibulal as Infosys CEO on Friday". indiatoday.in. Retrieved 29 October 2019. 
  32. "Infosys rejig: Narayana Murthy out, Vishal Sikka in". indiatoday.in. Retrieved 29 October 2019. 
  33. "Infosys to pay $34m penalty over US visa probe". ft.com. Retrieved 29 October 2019. 
  34. "Infosys faces record US fine of $35 million in visa probe". livemint.com. Retrieved 29 October 2019. 
  35. "Infosys Fined $35M For Illegally Bringing Programmers Into US On Visitor Visas". yro.slashdot.org. Retrieved 29 October 2019. 
  36. "Edgeverve is born". Business Standard. November 17, 2014. Retrieved 11 December 2015. 
  37. "EdgeVerve". crunchbase.com. Retrieved 18 October 2019. 
  38. "Infosys buys automation technology startup Panaya, deal valued at Rs 1200 crore". The Economic Times. 17 Feb 2015. Retrieved 7 October 2017. 
  39. "Infosys' $200 million Israeli software company Panaya is in the eye of the storm". The Economic Times. Retrieved 15 September 2019. 
  40. "Infosys Completes Acquisition of Skava". Infosys Limited. 4 June 2015. Retrieved 15 September 2019. 
  41. "Infosys completes Skava acquisition for $120 million". The Economic Times. 4 June 2015. Retrieved 15 September 2019. 
  42. "Infosys completes acquisition of Noah Consulting". Economic Times. 
  43. "Infosys Foundation USA Partners With the National Science Foundation and DonorsChoose.org to Pioneer a New Model of Public-Private-Community Collaboration for Computer Science Education". prnewswire.com. Retrieved 29 October 2019. 
  44. 44.0 44.1 44.2 44.3 "Infosys: Number of Employees 2006-2019". macrotrends.net. Retrieved 29 October 2019. 
  45. "Skytree". Crunchbase. Retrieved 15 September 2019. 
  46. "Infosys is reaching for the sky with holistic automation strategy". Horses for Sources. 26 April 2017. Retrieved 15 September 2019. 
  47. "Infosys completes Brilliant Basics acquisition". Money Control. 11 September 2017. Retrieved 15 September 2019. 
  48. "Infosys Consulting buys Finnish Salesforce partner Fluido Oy for €65 million". Consultancy.eu. 17 September 2018. Retrieved 15 September 2019. 
  49. "HCL Technologies aims to overtake Infosys in revenue over the next 5 years". business-standard.com. Retrieved 11 November 2019. 
  50. "Wongdoody Joins Infosys". www.wongdoody.com. Retrieved 15 September 2019. 
  51. "Infosys Market Cap (INFY) – YCharts". Ycharts.com. 2019-06-20. Retrieved 17 October 2019. 
  52. "Infosys Limited spends over INR 18 crores under its CSR initiatives; focuses on healthcare & relief programs". csrbox.org. Retrieved 29 October 2019. 
  53. 53.0 53.1 "Investor Sheet". infosys.com. Retrieved 15 September 2019.