HISTORY OF INFOSYS..A MASSIVE GROWTH

History Of Infosys

Established in 1981, Infosys is a NASDAQ listed global consulting and IT services company with more than 90,000 employees. From a capital of US$ 250, we have grown to become a US$ 4 billion company with a market capitalization of over US$ 20 billion.

In Our journey of over 25 years, we have catalyzed some of the major changes that have led to India's emergence as the global destination for software services talent. We pioneered the Global Delivery Model and became the first IT company from India to be listed on NASDAQ. Our employee stock options program created some of India's first salaried millionaires.
Read more about the defining moments in Infosys' history.
Milestones

2008
Infosys crosses revenues of US$ $ 4.18 billion. Employees grow to over 90,000+
Reports Q4 revenue of US$ 1,142 million

2007
Infosys crosses revenues of US$ 3 billion. Employees grow to over 70,000+
Kris Gopalakrishnan, COO, takes over as CEO. Nandan M. Nilekani is appointed Co-Chairman of the Board of Directors
Opens new subsidiary in Latin America
Reports Q2 revenue of over US$ 1billion

2006
Infosys celebrates 25 years. Revenues cross US$ 2 billion. Employees grow to 50,000+
N. R. Narayana Murthy retires from the services of the company on turning 60. The Board of Directors appoints him as an Additional Director. He continues as Chairman and Chief Mentor of Infosys

2005
Records the largest international equity offering of US$ 1 billion from India
Selected to the Global MAKE Hall of Fame2004
Revenues reach US$ 1 billion
Infosys Consulting Inc. is launched

2003
Establishes subsidiaries in China and Australia
Expands operations in Pune and China, and sets up a Development Center in Thiruvananthapuram

2002
Touches revenues of US$ 500 million
Nandan M. Nilekani takes over as CEO from N.R. Narayana Murthy, who is appointed Chairman and Chief Mentor
Opens offices in The Netherlands, Singapore and Switzerland
Sponsors secondary ADS offering
Infosys and the Wharton School of the University of Pennsylvania set up The Wharton Infosys Business Transformation Awards (WIBTA)
Launches Progeon, offering business process outsourcing services

2001
Touches revenues of US$ 400 million. Opens offices in UAE and Argentina, and a Development Center in Japan
N. R. Narayana Murthy is rated among Time Magazine/CNN's 25 most influential businessmen in the world
Infosys is rated as the Best Employer by Business World/Hewitt

2000
Touches revenues of US$ 200 million
Opens offices in France and Hong Kong, a global development center in Canada and UK, and three development centers in the US
Re-launches Banks 2000, the universal banking solution from Infosys, as Finacle®

1999
Touches revenues of US$ 100 million. Listed on NASDAQ
Infosys becomes the 21st company in the world to achieve a CMM Level 5 certification
Opens offices in Germany, Sweden, Belgium, Australia, and two development centers in the US
Infosys Business Consulting Services is launched

1998
Starts enterprise solutions (packaged applications) practice

1997
Opens an office in Toronto, Canada
Infosys is assessed at CMM Level 4

1996
The Infosys Foundation is established

1995
Opens first European office in the UK and Global Development Centers at Toronto and Mangalore. Sets up e-Business practice

1994
Moves corporate headquarters to Electronics City, Bangalore. Opens a Development Center at Fremont

1993
Introduces Employee Stock Options (ESOP) program
Acquires ISO 9001/TickIT certification
Goes public

1987
Opens first international office in Boston, US

1983
Relocates corporate headquarters to Bangalore

1981
Infosys is established by N. R. Narayana Murthy and six engineers in Pune, India, with an initial capital of US$ 250
Signs up its first client, Data Basics Corporation, in New York