Infosys was founded by seven engineers in Pune, Maharashtra, India. Its initial capital was $150.[9] It was registered as Infosys Consultants Private Limited on 2 July 1981.[10] In 1983, it relocated to Bangalore, Karnataka.
The company changed its name to Infosys Technologies Private Limited in April 1992 and to Infosys Technologies Limited when it became a public limited company in June 1992. It was renamed Infosys Limited in June 2011.[11]
An initial public offering (IPO) was floated in February 1993 with an offer price of ₹95 (equivalent to ₹580 or US$7.30 in 2020) per share against a book value of ₹20 (equivalent to ₹120 or US$1.50 in 2020) per share. The IPO was undersubscribed but it was “bailed out” by US investment bank Morgan Stanley, which picked up a 13% equity stake at the offer price.[12] Its shares were listed in June 1993 with trading opening at ₹145 (equivalent to ₹890 or US$11 in 2020) per share.[13]
Infosys shares were listed on the Nasdaq stock exchange in 1999 as American depositary receipts (ADR). It became the first Indian company to be listed on Nasdaq.[citation needed] The share price surged to ₹8,100 (equivalent to ₹30,000 or US$370 in 2020) by 1999, making it the costliest share on the market at the time. At that time, Infosys was among the 20 biggest companies by market capitalization on the Nasdaq.[12] The ADR listing was shifted from Nasdaq to NYSE Euronext to give European investors better access to the company’s shares.[14]
In July 2010, then-British Prime Minister David Cameron visited Infosys HQ in Bangalore and addressed Infosys employees.
Infosys Shareholder Meeting / Postal Ballot-Outcome of AGM
Infosys WFH: Some Clients Insist For Work From Office
Infosys AGM | 95 large deals signed in FY23, of which 40% were new
Infosys Shareholder Meeting / Postal Ballot-Outcome of AGM
Infosys Limited has informed the Exchange regarding proceedings of 42nd Annual General Meeting held on June 28, 2023. Further, the company has submitted the Exchange a copy of scrutinizers report along with the voting results.
Infosys WFH: Some Clients Insist For Work From Office
Infosys is giving flexible options to employees to work from home or office but some of its clients have started demanding that their projects be handled from the office, a senior company official said on Wednesday. While responding to a shareholder’s query on the 42nd Annual General Meeting of the company, Infosys Chief Executive Officer and Managing Director Salil Parekh said that in future, there will be a need for more social capital where people will need to connect with each other to do new things, training, etc. “We have a flexible approach for employees.
We are making sure that the employees have the ability to work from home or work hybrid. In some cases where clients are requiring it. We have employees and teams that are working within the campus. On a long term basis, we see a mix of where people will work, where there will be a need for increased social capital to connect with people to work with teams to do a new work,” Parekh said.
Infosys AGM | 95 large deals signed in FY23, of which 40% were new
Ninety-five large deals worth $9.8 billion were signed in financial year 2022-23, of which 40 percent were net new, Infosys Co-Founder and Chairman Nandan Nilekani said on Wednesday, June 28, while speaking at the 42nd Annual General Meeting (AGM) of the company.
The Infosys co-founder announced that the 2022-23 fiscal has been a year of strong overall growth — 15.4 percent in constant currency, delivering $18.2 billion in revenue. “Grew in double digits across most industry segments and across major geographic markets — 26 percent in Europe and 12 percent in the US,” he noted.
