Difference between revisions of "Timeline of Infosys"

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This is a '''timeline of FIXME'''.
This is a '''timeline of {{w|Infosys}}'''.
==Big picture==
==Big picture==

Revision as of 07:41, 17 October 2019

This is a timeline of Infosys.

Big picture

Time period Development summary More details
1990s In the mid-90s, Infosys sets up Strategic Business Units to encourage autonomy of operation and generate the next generation of business leaders.[1]

Full timeline

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."[2] " 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."[3]
1983 "Relocates corporate office to Bangalore."[2] " 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."[3]
1984 Infrastructure Infosys imports the first computer to Bangalore.[4]
1987 " Opens first off-shore office in Boston, U.S.A"[2]
1991 Background The Indian economy is liberalized. This would dramatically improve Infosys' fortunes.[1]
1992 Infosys becomes the first Indian software house to operate an Offshore Software Development Center (OSDC) for General Electric.[1]
1992 International expansion Infosys opens its first international office in Boston.[1]
1992 Administration Infosys establishes its Quality department.[1]
1992 December The first 64kbps international private line for any company in India is established between Infosys' office in Boston and its headquarters in Bangalore.[1]
1993 February Financial Infosys makes an initial public offer.[1]
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.[4]
1993 June Financial Infosys is listed on Indian stock exchanges.[1]
1993 "Introduces Employee Stock Options (ESOP) programme, and also takes the plunge with an Initial Public Offering (IPO)."[2] "Lists on Indian exchanges and is among first in India to introduce employee stock-option plan, a move to attract and retain talent."[3]
1993 November 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.[1]
1994 Infosys corporate headquarters shift to new campus in Electronics City, Bangalore.[2]
1994 Infosys moves corporate headquarters to Electronics City, Bangalore, and opens a Development Center at Fremont.[4]
1994 Infosys launches its first Employee Stock Option Plan (ESOP).[1]
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."[2]
1995 "Infosys opens its first European office in the United Kingdom and Global Development Centers in Toronto and Mangalore"[4]
1995 The first video conference is held between Infosys' Boston and Bangalore offices.[4]
1995 "Infosys sets up e-Business practice."[4]
1996 Administration Infosys Foundation is established as Infosys' Corporate Social Responsibility (CSR) wing.[2] "The Infosys Foundation is established"[4]
1997 International expansion Infosys opens an office in Toronto.[4]
1998 Infosys starts Enterprise Solutions (packaged applications) practice.[2][4]
1999 March Financial Infosys becomes the first India-registered company to be listed on NASDAQ.[4]
1999 Recognition Infosys becomes the 21st company worldwide to achieve a CMM Level 5 certification.[4]
1999 "Infosys opens offices in Germany, Sweden, Belgium, Australia, and two development centers in the United States."[4]
1999 "Infosys Business Consulting Services is launched."[4]
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."[2] " Becomes first Indian company to list on Nasdaq , raising the profile of the Indian outsourcing industry in the United States."[3]
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.[4]
2000 January Training Infosys formally establishes its Learning and Development Group (L&D).[4]
2000 Partnership Infosys and Microsoft announce a strategic global relationship.[4]
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.[4]
2000 Financial Infosys' revenue doubles in the span of a year, reaching US$200 million.[2]
2000 "Infosys relaunches Banks 2000, the universal banking solution from Infosys, as Finacle."[4] "Infosys launches Finacle, an integrated core banking solution that leverages internet technologies to drive the operations of a bank."[4]
2001 "Narayana Murthy is rated among Time Magazine/CNN's 25 most influential businessmen in the world. Rated best employer by Business World/Hewitt."[2]
2001 International expansion Infosys opens offices in the United Arab Emirates and Argentina, and a development center in Japan.[4]
2002 "Nandan Nilekani takes over as CEO from Narayana Murthy."[2] "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."[3]
2002 Infosys hires 15000 recruits in the year, compared to 250 in 1992.[4]
2002 Infosys announces plans to set up its first disaster recovery cener in Mauritius.[4]
2003 Infosys establishes subsidiaries in China and Australia.[4]
2003 Facility Infosys opens a Development Center in Thiruvananthapuram.[4]
2003 December Acquisition Infosys acquires Expert Information Services, an IT service provider based in Australia, for US$23 million.[5][6]
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 The Learning&Development Group is combined with the Infosys Leadership Institute, which offers managerial and leadership training.[4]
2004 April Subsidiary Infosys Consulting Inc. is formed.[4]
2004 July Education Infosys launches Campus Connect, as an industry-academia partnership, with the purpose to empower engineering colleges to produce "industry-ready" recruits.[4]
2004 Partnership "Microsoft and Infosys announce a US$8 million IT transformation initiative, designed to help clients improve business performance and build competitive advantage"[4]
2004 Financial Infosys' annual revenue reaches US$1 billion for the first time.[2]
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."[3]
2005 Training Infosys opens its Global Education Centre (GEC) in Mysore.[4]
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."[2]
2006 March 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.[4]
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."[3]
2006 July Recognition Infosys is included in the NASDAQ Global Select Market, a new market tier with the highest listing standards in the world.[4]
2007 "Kris Gopalakrishnan takes over as CEO. Mr. Nilekani is appointed Co-Chairman of the Board of Directors."[2] " Infosys co-founder and chief operating officer Kris Gopalakrishnan takes over as chief executive from Nilekani, who takes up the role of co-chairman."[3]
2007 Infosys receives over 1.3 million applications and hires fewer than 3% of applicants.[4]
2007 Financial Infosys surpasses US$3 billion in revenues. Staff grows to over 70,000.[4]
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."[3]
2008 Financial Infosys perceives revenues of at least US$4.18 billion and annual net profits of at least US$1 billion.[4]
2009 "The chief executive of Infosys’s back-office outsourcing arm, Amitabh Chaudhry, quits in rare departure by senior official. Company’s headcount surpasses 100,000. Co-chairman Nandan Nilekani resigns to join Indian government to launch nationwide biometric identity card programme."[3] "Employee strenght grows to over 100000"
2009 Recognition "Infosys is selected as a member of The Global Dow"
2009 December Acquisition Infosys acquires McCamish Systems, a U.S. insurance and financial services provider, for US$ 38 million.[7]
2010 Financial " Infosys crosses $5 billion revenue mark."[2][3]
2010 Training Infosys' GEC II (Global Education Centre) is innaugurated, increasing capacity to develop 14,000 employees simultaneously.[4]
2010 "Microsoft signs a partnership worth US$ 189 million over three years, with a possible expansion to US$ 240 million."[4]
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."[2] "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."[3]
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."[3]
2012 January Acquisition Infosys acquires Portland Group, an Australian strategic sourcing and category management provider, for AUD 37 million.[8][9]
2012 Recognition Infosys is ranked by Forbes among the most innovative companies.[2]
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."[3]
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."[3]
2012 September Acquisition Infosys acquires Lodestone Holding AG, a Swiss management consultancy provider, for US$345 million.[10]
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."[3]
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."[2]
2014 July "In July 2014, Infosys started a product subsidiary called EdgeVerve Systems, focusing on enterprise software products for business operations, customer service, procurement and commerce network domains."[11]
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."[2]
2015 March Acquisition Infosys acquires Israeli automation technology provider Panaya, for US$200 million.[12][13]
2015 April Acquisition Infosys acquires U.S. digital experience solutions provider Skava, for US$120 million.[14][15]
2015 November Acquisition Infosys acquires U.S. information management consulting services Noah-Consulting, for US$70 million.[16]
2016 Financial " Annual revenue touches $10 billion.[2]

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.[2]

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."[2]

2017 April Acquisition Infosys acquires U.S. software company Skytree.[17][18]
2017 August Acquisition Infosys acquires UK digital product and customer experience studio Brilliant Basics, for GBP 7.5 million.[19]
2018 October Acquisition Infosys acquires Finnish Salesforce partner Fluido Oy for EUR 65 million.[20]
2019 January Acquisition Infosys acquires U.S. advertising and creative strategy services provider WongDoody, for US$75 million.[21]
2019 March 29 Financial Infosys' market capitalization stands at US$46.52 billion.[22]
2019 March Personnel As of date, Infosys has a total of 228,123 employees, out of which 37% are women.[23] Out of its total workforce, 79% are software professionals, 16% are working in its BPM arm and remaining 5% work for support and sales.[23]
2019 April Acquisition Infosys acquires Netherlands-based mortage services provider Stater N.V., for EUR 127.5 million.

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See also

External links


  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 Leadership @ infosys (Matt Barney ed.). 
  2. 2.00 2.01 2.02 2.03 2.04 2.05 2.06 2.07 2.08 2.09 2.10 2.11 2.12 2.13 2.14 2.15 2.16 2.17 2.18 2.19 2.20 2.21 2.22 "The Infosys timeline: $250 gamble to $10 billion sweepstake". thehindu.com. Retrieved 13 September 2019. 
  3. 3.00 3.01 3.02 3.03 3.04 3.05 3.06 3.07 3.08 3.09 3.10 3.11 3.12 3.13 3.14 3.15 "TIMELINE-Key events for Infosys since inception". reuters.com. Retrieved 13 September 2019. 
  4. 4.00 4.01 4.02 4.03 4.04 4.05 4.06 4.07 4.08 4.09 4.10 4.11 4.12 4.13 4.14 4.15 4.16 4.17 4.18 4.19 4.20 4.21 4.22 4.23 4.24 4.25 4.26 4.27 4.28 4.29 4.30 4.31 4.32 4.33 4.34 4.35 "History of Infosys". slideshare.net. Retrieved 13 September 2019. 
  5. "Infosys to buy Australian firm Expert for $22.9 m". The Hindu. 19 Dec 2003. Retrieved 15 September 2019. 
  6. "Infosys Media Release – Infosys announces agreement to acquire Expert" (PDF). Infosys. 18 Dec 2003. Retrieved 15 September 2019. 
  7. "Infosys BPO to acquire US company McCamish". Deccan Herald. 12 Nov 2009. Retrieved 15 September 2019. 
  8. "Infosys BPO looking for buyouts to double its revenues to $1 bn". The Economic Times. 17 July 2012. Retrieved 7 October 2017. 
  9. "Infosys BPO to buy Australia's Portland Group". The Hindu Business Line. 20 Dec 2011. Retrieved 15 September 2019. 
  10. "Infosys acquires Swiss firm Lodestone for Rs. 1,925 crore". The Hindu. 10 September 2012. Retrieved 15 September 2019. 
  11. "Edgeverve is born". Business Standard. November 17, 2014. Retrieved 11 December 2015. 
  12. "Infosys buys automation technology startup Panaya, deal valued at Rs 1200 crore". The Economic Times. 17 Feb 2015. Retrieved 7 October 2017. 
  13. "Infosys' $200 million Israeli software company Panaya is in the eye of the storm". The Economic Times. Retrieved 15 September 2019. 
  14. "Infosys Completes Acquisition of Skava". Infosys Limited. 4 June 2015. Retrieved 15 September 2019. 
  15. "Infosys completes Skava acquisition for $120 million". The Economic Times. 4 June 2015. Retrieved 15 September 2019. 
  16. "Infosys completes acquisition of Noah Consulting". Economic Times. 
  17. "Skytree". Crunchbase. Retrieved 15 September 2019. 
  18. "Infosys is reaching for the sky with holistic automation strategy". Horses for Sources. 26 April 2017. Retrieved 15 September 2019. 
  19. "Infosys completes Brilliant Basics acquisition". Money Control. 11 September 2017. Retrieved 15 September 2019. 
  20. "Infosys Consulting buys Finnish Salesforce partner Fluido Oy for €65 million". Consultancy.eu. 17 September 2018. Retrieved 15 September 2019. 
  21. "Wongdoody Joins Infosys". www.wongdoody.com. Retrieved 15 September 2019. 
  22. "Infosys Market Cap (INFY) – YCharts". Ycharts.com. 2019-06-20. Retrieved 17 October 2019. 
  23. 23.0 23.1 "Investor Sheet". infosys.com. Retrieved 15 September 2019.