Infosys Technologies Limited (BSE: 500209, NASDAQ: INFY) is a multinational information technology services company headquartered in Bangalore, India. It is one of India's largest IT companies with over 100,306 professionals (including subsidiaries) as of Sep 30, 2008. It has nine development centers in India and over 30 offices worldwide. Its annual revenues for the fiscal year 2007 - 2008 exceeded US$4 billion with a market capitalization of over US$30 billion.

History

Infosys was founded on July 2, 1981 in Pune by N. R. Narayana Murthy and six others: Nandan Nilekani, N. S. Raghavan, Kris Gopalakrishnan, S. D. Shibulal, K. Dinesh and Ashok Arora, with Raghavan officially being the first employee of the company. N.Murthy started the company by borrowing INR 10,000 from his wife Sudha Murthy. The company was incorporated as "Infosys Consultants Pvt Ltd.", with Raghavan's house in Matunga, north-central Mumbai as the registered office.

In 2001 it was rated Best Employer in India by Business Today. Infosys won the Global MAKE (Most Admired Knowledge Enterprises) award, for the years 2003, 2004 and 2005, being the only Indian company to win this award and is inducted into the Global Hall of Fame for the same.

Infosys was rated best employer to work for in 2000, 2001, and 2002 by Hewitt Associates. It continues to expand, actually growing by more than 1,000+ people per month. Infosys currently has almost 100 Fortune 500 clients with over 90% repeat business.

BusinessWeek reported that the outsourcing firm along with Wipro and Tata accounted for nearly 80% of the [[H-1B visa|1 visa]] petitions approved in 2007 for the top 10 participants in the program.

Timeline

• 1981: Founded.
• 1983: Moved its headquarters to Bangalore, the capital of Karnataka
• 1987: Got its first foreign client, Data Basics Corporation from the United States
• 1992: Opened its first overseas sales office in Boston.
• 1993: Became a public limited company in India with an initial public offering of Rs. 13 crores.
• 1996: First office in Europe in Milton Keynes, UK
• 1997: Office in Toronto, Canada
• 1999: Listed on Nasdaq.
• 1999: Attained a SEI-CMM Level 5 ranking and became the first Indian company to be listed on NASDAQ
• 2000: Opened offices in France and Hong Kong
• 2001: Opened offices in United Arab Emirates and Argentina
• 2002: Opened new offices in Netherlands, Singapore and Switzerland.
• 2002: Business World named Infosys "India's Most Respected Company".
• 2002: Started Progeon, its BPO (business process outsourcing) subsidiary
• 2003: Acquired 100% equity of Expert Information Services Pty Limited, Australia (Expert) and changed the name to Infosys Australia Pty Limited.
• 2004: Set up Infosys Consulting Inc., U.S. consulting subsidiary in California, U.S.
• 2006: Became the first Indian company to ring the NASDAQ Stock Market Opening Bell
• 2006: August 20, N. R. Narayana Murthy retired from his position as the executive chairman
• 2006: Acquired the 23% stake Citibank had in its BPO offshoot Progeon, making it a wholly owned subsidiary of Infosys and changed the name to Infosys BPO Ltd.
• 2006: December, became the first Indian company to make it to Nasdaq-100
• 2007: April 13, Nandan Nilekani stepped down as CEO and made way for Kris Gopalakrishnan to occupy his chair effective June 2007
• 2007: July 25, Infosys bags multi-million dollar outsourcing contract with Royal Philips Electronics in the area Finance & Accounting services strengthening its European operations.
• 2007: September, Infosys establishes a wholly-owned Latin American subsidiary, Infosys Technologies S. de R. L. de C. V., and opens its first software development center in Latin America in the city of Monterrey, Mexico.
• 2008: Agreed to buy British consultancy Axon Group Plc for 407 million pounds ($753 million)