Infosys limited was founded by seven engineers in Pune on 2nd July, 1981. The current headquarters of the company is located in Bangalore, India. It is an IT company which provides business consulting, information technology and outsourcing services. It is currently the 2nd largest company in this sector just after Tata Consultancy Services.
According to the list released by Forbes Global 2000, the company is the 602nd ranking company in the world. CRISIL has given the company credit rating of CRISIL AAA/ Stable/ CRISIL A1+. Last year, in August 2021 the company reached a market capitalization of 100 million dollars. The company had its training institute for its new recruits located in Mysore, Karnataka, India.
The founders of the company were N. R. Narayana Murthy, Nandan Nilekani, S. Gopalakrishnan, S. D. Shibulal, K. Dinesh, N. S. Raghavan, and Ashok Arora. 1st Chief Executive Officer (CEO) of the company was Narayan Murthy. The current CEO and Managing Director of the company are Salil Parekh, while the Co-founder and chairman of the company are Nandan M. Nilekani with the Lead Independent Director of the company being Kiran Mazumdar Shaw.
The company went public in the year 1993, but the IPO of the company was undersubscribed at the last moment US-based investment banking company Morgan Stanley helped in getting the minimum number of subscribers. The company got listed itself on US Stock Exchange “Nasdaq” in the year 1999 via American Depository Receipts. After some time, the company Depository Receipts listed on Nasdaq got shifted to NYSE Euronext to give European investors a better chance of investment.
Infosys Market Price
The current market price of the company is of 1,706.95 points. The share price has fallen four times in the past week while it has risen once. The share price of the company has fallen of 0.84% of its last value it reached in the past week.
The financials of the company are – (Rs. Crores)
The company in the past few years has been earning good profits and also providing dividends to its shareholders as well. The company in the month of October declared an interim dividend of Rs. 15 per share. The company in the past few years has been earning good revenue and profits over the years. The revenue of the company has increased from 2019 to 2020 by Rs. 8,116 crores which are about 9.81% more as compared to 2019 and in the year 2021.
It saw a rise as compared to 2020 by Rs. 9,681 Crores which is 10.54% which is good and the company has increased of revenue of the company, in terms of numbers and percentage as well. As far as the net profits of the company are concerned, the net profits have increased in 2020 from 2019 by Rs. 1,229 crores which is 7.97% more than 2019, and in 2021 the net profits increased by Rs. 2,784 crores which are 16.73% more than 2020.
Though the company is earning profits year on year but in the terms of net profits increase is much higher which during the time of the lockdown in the country which provides the efficiency of the company is better when the people were working from home.
The company is has been working towards developing its partnerships in sports as well as the development in Artificial Intelligence (AI). This AI is helping the teams in calculating how the player is playing and whether the ball is lending inside the court or not. The company has partnered with the Association of Tennis Professionals (ATP) and continues as Global Technology Services Partner and Digital Innovation Partner, until 2023.
This partnership started in the year 2015 and has been extended over the years from time to time. Infosys has partnered with the Australian Open, French Open to help them in keeping with the game and the advancements. Apart from this, the company has partnered with all the major companies around the world and some of them being the top in the business which includes Adobe, Microsoft, IBM, SAP, Google, and other companies as well.
This partnership with the companies is to focus on developing the solutions to the companies to the incorporation of Intellectual Property (IP), services, and technology of its partnered companies as well.
Infosys Service Expand
Recently, Guidewire which is an American-based company has announced Infosys as their New Consulting Alliance partner. This will help the Guidewire in Property & Casualty (P&C) insurers to enhance their customer experience, accelerate time to market, and plans to achieve operational excellence by the consulting company and the digital services provided by them.
This alliance will help the Guidewire company to expand its services in insurance domain experts and through investment in certification and training. The company has announced through its collaboration with Infosys Foundation USA has launched a new program in States named Infosys Springboard.
The software is programmed to help the students, educators, and aspiring professionals with developing digital skills. The content it is providing is spread across digital learning, maker education, and professional life skills as well.
The company through one of its wholly owned subsidiary Infosys Finacle, a part of EdgeVerve Systems with Union Bank of India, has announced the availability of banking services on WhatsApp through them, as the subsidiary company has the successful implementation of Finacle Conversational Banking, Finacle Remote Banker, and Finacle Mobile Teller solutions. The new service launched by the company would be known as Union Virtual Connect (UVConn).