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Infosys Ltd.

BSE: 500209 Sector: IT
NSE: INFY ISIN Code: INE009A01021
BSE 00:00 | 19 Sep 720.40 1.25
(0.17%)
OPEN

725.00

HIGH

727.40

LOW

714.95

NSE 00:00 | 19 Sep 719.75 0.65
(0.09%)
OPEN

727.00

HIGH

727.00

LOW

713.20

OPEN 725.00
PREVIOUS CLOSE 719.15
VOLUME 151490
52-Week high 748.45
52-Week low 444.20
P/E 19.46
Mkt Cap.(Rs cr) 314,698
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 725.00
CLOSE 719.15
VOLUME 151490
52-Week high 748.45
52-Week low 444.20
P/E 19.46
Mkt Cap.(Rs cr) 314,698
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Infosys Ltd. (INFY) - Company History

Infosys Ltd is a global technology services firm that defines designs and delivers information technology (IT)-enabled business solutions to their clients. The company provides end-to-end business solutions that leverage technology for their clients including technical consulting design development product engineering maintenance systems integration package-enabled consulting and implementation and infrastructure management services. The company also provides software products to the banking industry. They have developed Finacle a universal banking solution to large and medium size banks across India and overseas. Infosys BPO is a majority owned subsidiary. Through Infosys BPO the company provides business process management services such as offsite customer relationship management finance and accounting and administration and sales order processing. The company is having marketing and technical alliance with FileNet IBM Intel Microsoft Oracle and System Application Products. Infosys Ltd is a public limited and India's second largest software exporter company was incorporated in the year 1981 as Infosys Consultants Pvt Ltd by Mr.N.R.Narayana Murthy at Karnataka. The company was started by seven people with the investment of USD 250. The company became a public limited company in the year 1992. The company was the first Indian company to be listed on the NASDAQ in the year 1999. Infosys also forms a part of the NASDAQ-100 index. Continuously in the year 2001 2002 and 2003 the company wins the National award for excellence in corporate governance conferred by the Government of India. In April 2002 Infosys BPO Ltd was incorporated in India to address opportunities in business process management. In the year 2004 the company acquired 100% equity in Expert Information Services Pty Ltd Australia for USD 24.3 million. The acquired company was renamed as Infosys Technologies (Australia) Pty Ltd. In October 2 2004 they set up a wholly owned subsidiary in People's Republic of China named Infosys Technologies (China) Co Ltd. In the year 2005 the company established Infosys Consulting Inc a wholly owned subsidiary in Texas US to add high-end consulting capabilities to their Global Delivery Model.The company was selected as 'Best Outsourcing Partner' by the readers of Waters a publication covering the needs of chief information officers in the capital market firms. In the year 2007 the company increased the stake value in Progeon to 98.9% after acquiring shares from Citicorp International Financial Company. Infosys had taken over Philips' finance and administration business process outsourcing (BPO) centers spread across India Poland and Thailand for USD 28 million. Infosys set up various Special Economic Zone that for the company has an additional tax benefit. They set up another Special Economic Zone unit in Chandigarh which will be eligible for 100% deduction of profit from exports tax calculation for the first five years followed by 50% deduction for next five years. Infosys has been pursuing their expansion plans over the past few years. The future enhancement of the company is to emerge the developing economies changing the business landscape with help of accessible talent pools and the adoption of non-linear growth model. It is a long term strategy. Infosys Technologies Ltd has partnered with ACDI/VOCA for promotes broad-based economic growth and to develop information and communication technology-enabled application to improve efficiencies in the agro supply chain in India. In the year 2008 the company established their first Latin American subsidiary namely Infosys Technologies S de R L de C V in Mexico to improve proximity to their North American clients. They also opened a development center and office for the region in Monterrey Mexico. As of April 2008 the company acquired Internet Protocol (IP) from an Australian company to add more functionality to Finacle. The IP that provides a comprehensive set of financial tools to company's existing product line. In July 2008 the company launched ShoppingTrip360 to help retailers and consumer packaged goods (CPG) companies achieve visibility into in-store activity. ShoppingTrip360 is a platform that enables a suite of managed-information services to create a 360-degree view of real time in store shopper and shelf activity. The company was ranked among the top 50 most respected companies in the world by Reputation Institute's Global Reputation Pulse 2009. They have been voted the 'Most Admired Indian Company' in The Wall Street Journal Asia 200 for 10 years in a row since 2000. The company was also listed in the Most Admired Knowledge Enterprises (MAKE) 2008 study and Forbes' Asian Fabulous 50 for the fourth consecutive year.In March 2009 the company incorporated a wholly owned subsidiary in Sweden namely Infosys Technologies (Sweden) AB. In November 2009 the company opened their second Latin America IT Development Center in Mexico offering global near-shore and Latin American clients a full range of information technology (I.T.) services including Business and I.T. Consulting Business Process Outsourcing (BPO) Packaged Solutions Implementation and Infrastructure Management.In November 12 2009 the company and NVIDIA Corp. entered into a partnership to develop Nvidia Cuda to compute unified device architecture and technology-enabled software solutions. Also the company signed a contract with Georgia-Pacific LLC (Georgia-Pacific) a forest and consumer products company to implement its Supply Chain Visibility and Collaboration Suite. In December 2009 the company has set up a wholly owned unit in the U.S. to tap the multibillion dollar opportunities from government projects. The subsidiary called Infosys Technologies Inc will be headquartered in Dallas Texas where the company has most of their operations.In December 14 2009 the company launched Flypp an application platform which will empower mobile service providers to delight digital consumers through a host of ready-to-use experiential applications across the universe of devices and in December 15 2009 they launched Finacle Advizor an integrated platform which helps banks to deliver products and services through a fully assisted self-service channel using existing Internet banking capabilities. Also the company incorporated a wholly owned Brazilian subsidiary namely Infosys Technologia Do Brasil Ltda.During the year 2009-10 Infosys Consulting Inc incorporated a wholly-owned subsidiary Infosys Consulting India Ltd and invested Rs 1 crore in the subsidiary. SETLabs' IP Cell filed 31 patent applications in the United States Patent and Trademark Office (USPTO) and Indian Patent Office. In December 2009 Infosys BPO acquired 100% voting interests in McCamish Systems LLC (McCamish) a business process solutions provider based at Atlanta US. The business acquisition was conducted by entering into Membership Interest Purchase Agreement for a cash consideration of Rs 173 crore and a contingent consideration of Rs 67 crore. In March 2010 the company launched Finacle Treasyry-in-a-Box a rapid implementation framework for an integrated front middle and back office treasury system. During the year 2010-11 the company formally launched their new corporate strategy Building Tomorrow's Enterprise to showcase its plan for leading the services industry into the new era as the next generation global consulting and services company. Infosys Labs' IP Cell filed 91 patent applications in the United States Patent and Trademark Office (USPTO) and the Indian Patent Office. In February 2011 the company incorporated a wholly-owned subsidiary Infosys (Shanghai) Company Ltd. Also they inaugurated their first Software Development Block (I) at their Technopark Campus II (SEZ) in Thiruvanthapuram Kerala. The name of the company was changed from Infosys Technologies Ltd to Infosys Ltd with effect from June 16 2011.In November 2011 Atlas Copco AB entered into an agreement with the company to handle parts of its financial processes such as accounting to reporting and processing of supplier invoices. The project will affect approximately 230 positions within Atlas Copco and of these Infosys will offer employment to around 70 staff working in the Czech Republic. In December 2011 the company signed a multi-year Transformation and Business IT services contract with Syngenta AG. In a landmark contract that will provide consistency and predictability of service delivery Infosys will consolidate Syngenta's Global Business IT services landscape under a single shared services engagement.In February 2012 Bharti Airtel selected the company as its partner for Airtel Money mobile wallet service. Under this partnership Infosys WalletEdge the mobile commerce platform will enable the ubiquitous mobile wallet service to support cashless payments and settlements needs of diverse customer segments.In 2013 Infosys begins trading on NYSE Euronext London and Paris markets. Infosys Edge wins the NASSCOM Business Innovation Award for 2013. Infosys presented with `2013 Environmental Tracking Carbon Ranking Leader' awardIn 2014 Infosys announced bonus in the ratio of 1:1.In 2015 Infosys Public Services Implements Financial Management Solution for L.A. Care Health Plan to Improve Healthcare Access. Infosys and Cornell University's Center of Hospitality Research Collaborate to Design Industry Research. Infosys wins a contract from Sweden-based ICA Gruppen to manage its IT operations. ABN AMRO Selects Infosys as One of the Strategic Partners to Drive its Business Transformation Program. Infosys signs 5-year agreement with Dutch firm TNT. Infosys Receives Daimler Supplier Award 2014. Infosys Innovation Fund Invests in Air Quality Monitoring Pioneer Airviz. Infosys also signs a multi-year IT infrastructure deal with UK-based department store company House of Fraser. Infosys Launches Preventive Maintenance Offering 'Finacle Assure'.On 5 March 2015 Infosys announced that it has completed the acquisition of Panaya Inc. a leading provider of automation technology for large scale enterprise software management. On 16 February 2015 Infosys announced a definitive agreement to fully acquire Panaya Inc. for an enterprise value of USD 200 million.On 4 June 2015 Infosys announced that it has completed the acquisition of Kallidus Inc. (d.b.a Skava) and its affiliate a leading provider of digital experience solutions including mobile commerce and in-store shopping experiences to large retail clients. On 24 April 2015 Infosys announced a definitive agreement to acquire Kallidus Inc. (d.b.a Skava) and its affiliate in an all-cash deal for an aggregate purchase consideration of $120 million including retention bonus and a deferred component.On 19 June 2015 Infosys announced that Sharjah Islamic Bank (SIB) a leading Sharia-compliant bank in the Middle East has selected Finacle e-Banking and Mobile Banking solutions to enhance customer service and deliver new-age channel banking experiences. On the same day Infosys announced that it has won a five-year contract from NBTY Inc. a global manufacturer marketer distributor and retailer of market-leading vitamins and nutritional supplements. As part of this agreement Infosys will provide development and support services for NBTY's IT systems.On 3 July 2015 Infosys announced that it won an order from Allied Irish Banks p.l.c. (AIB) a financial services group operating predominantly in the Republic of Ireland and the UK. As a strategic partner to AIB Infosys will provide application development and management and transformation and innovation services. On 8 July 2015 Infosys announced that it has won a multi-year contract from Deutsche Bank. On 20 August 2015 Infosys announced the launch of enhanced service offerings in Design Thinking Platforms and Knowledge-Based IT (KBIT). These services are aimed at helping clients address three key aspects of their business: a non-disruptive renewal and simplification of their existing landscapes; introduction of new offerings and business models in a dynamic business environment and creating a culture of innovation in their organizations.On 2 September 2015 Infosys announced the launch of its Finacle Payments Bank and Finacle Small Finance Bank solutions for the India market. With these solutions licensees can set up the required technology backbone and become operational quickly. On 10 September 2015 Infosys and ATP the governing body of men's professional tennis announced a strategic partnership to leverage the latest technological advances in mobility cloud and analytics to transform the experience of tennis fans and players the world over.On 16 September 2015 Infosys announced that Qantas Credit Union a top Australian Credit Union has chosen Infosys Finacle to improve its customer's digital experience as part of a business transformation strategy. Finacle is the industry-leading universal banking solution from EdgeVerve Systems a wholly owned subsidiary of Infosys. On 21 September 2015 Infosys announced that it has bagged a three-year contract from TOMS Shoes to maintain and develop its digital platform. On 30 September 2015 Infosys announced that it has collaborated with GE a digital industrial company and others to develop new Internet of Things (IoT) solutions designed to help manufacturers and other industrial enterprises improve asset efficiency and build more intelligent linkages between design production and field testing.On 20 October 2015 Infosys announced that Openreach the infrastructure division of BT Group has expanded its Seamless Desktop project to an additional 1000 users. This expansion brings the number of front office and back office call center agents who benefit from this award winning platform to over 5000.On 19 November 2015 Infosys announced that it has completed the acquisition of Noah Consulting LLC a leading provider of advanced information management consulting services for the oil and gas industry. On 19 October 2015 Infosys announced a definitive agreement to acquire Noah Consulting LLC in an all-cash deal for an aggregate purchase consideration of US$70 million.On 9 December 2015 Infosys announced that it has made an investment of USD 4 million in CloudEndure a startup that provides Cloud Migration and Cloud-based Disaster Recovery (DR) software. On 10 December 2015 Infosys announced that it has won a contract to transform the application landscape of DNB Bank of Norway. On 14 December 2015 Infosys announced that it has made an investment of USD 3 million in WHOOP an early stage company offering a performance optimization system for elite professional sports teams.On 15 December 2015 Infosys announced that Fubon Bank (Hong Kong) Limited a wholly owned subsidiary of Fubon Financial Holding Co. Ltd. has selected Infosys' Finacle core banking solution to accelerate growth.On 28 January 2016 Infosys announced that it has made an investment of USD 4 million in Waterline Data Science a leading provider of data discovery and data governance software. On 10 February 2016 Infosys announced that M Financial Group has extended its BPO contract with the company by 10 years. On 25 February 2016 Infosys Finacle part of EdgeVerve Systems announced an agreement with Bank Leumi (UK) PLC one of the leading foreign-owned banks in London and part of the international Bank Leumi Group. to replace its existing e-banking system with Finacle Corporate e-banking solution. On 2 March 2016 Infosys announced that Al Ahli Bank of Kuwait (ABK) a leading retail bank in Kuwait has selected Finacle to drive its technology transformation.On 21 April 2016 Infosys announced it has been selected by Welsh Water to manage substantial elements of its IT estate in a transformative deal lasting up to 10 years one of the largest IT deals in the UK water utility sector. On 27 April 2016 Infosys announced that it has made an investment in Trifacta a leading provider of data wrangling software that enables non-technical users to easily transform data for analysis.On 28 April 2016 Infosys announced an expanded relationship with Microsoft Corp. a global leader in platform and productivity solutions in driving industry-led solutions to simplify and automate migration to Microsoft products and to accelerate Microsoft Azure-based and other digital transformations for clients. On the same day Infosys announced the launch of Infosys Mana a platform that brings machine learning together with the deep knowledge of an organization to drive automation and innovation - enabling businesses to continuously reinvent their system landscapes.On 23 May 2016 Infosys announced that it has won a five-year contract from Commerzbank the second largest bank in Germany. As part of this agreement Infosys will remodel the bank's investment banking IT architecture optimize IT processes and evaluate a potential Post-Trade Processing Utility. On 8 June 2016 Infosys announced that Paytm India's largest mobile payments and commerce platform has selected Infosys' Finacle Core Banking solution to power its payments bank business. On 14 September 2016 Infosys announced that it has bagged an order to provide engineering services to Ansaldo Energia a producer of thermoelectric power plants. To support Ansaldo Energia Infosys will expand its global service delivery network into Eastern Europe and Russia's established heavy engineering sector by creating two development centers - in Croatia and Moscow in Russia. On 11 November 2016 Infosys announced that it has made an investment in TidalScale a pioneer in Software-Defined Servers that simplify the way companies can apply computing resources to tackle big problems. On 18 November 2016 Infosys announced that it has made an investment of DKK 14920000 from its Innovation Fund in UNSILO a Danish artificial intelligence startup focused on advanced text analysis. UNSILO uses a unique combination of machine-learning and natural language processing to analyze large quantities of text and improve the speed and effectiveness of knowledge workers across many industries.On 23 November 2016 Infosys announced that it has signed a definitive agreement for a Limited Partner investment of Rs 31.6 crore from its Innovation Fund in Stellaris Venture Partners an India-based early stage venture fund. This investment is towards the first close of Stellaris' fund. On 14 December 2016 Infosys announced that it has made an investment from its Innovation Fund in ideaForge an Indian startup focused on Unmanned Aerial Vehicle (UAV) solutions.On 8 March 2017 Infosys' US-based subsidiary Infosys Public Services Inc. announced a partnership with the Texas Department of Family & Protective Services (DFPS) to modernize the agency's IMPACT (Information Management Protecting Adults and Children of Texas) system. IMPACT is the primary case management and administrative system used by DFPS to deliver child welfare related services. On 24 April 2017 Infosys announced the opening its first office and delivery center (DC) in Karlovac Croatia thereby strengthening its engineering footprint in Eastern Europe. On 26 April 2017 Infosys announced the launch of Infosys Nia the next-generation Artificial Intelligence Platform building on the success of the company's first-generation AI platform Infosys Mana and its Robotic Process Automation (RPA) solution AssistEdge. On 15 May 2017 Infosys Finacle part of EdgeVerve Systems a wholly-owned subsidiary of Infosys and MauBank a leading bank in the Republic of Mauritius announced the bank's successful adoption of Finacle's Leasing Solution for its strategic leasing services business. Finacle is the industry-leading universal banking solution from EdgeVerve Systems a wholly owned product subsidiary of Infosys.On 25 May 2017 Infosys announced a strategic alliance with HP Inc. to help businesses accelerate digital transformation as part of the HP Global System Integrator (GSI) Alliance Program. On 30 June 2017 Infosys announced that it has signed an agreement for divestment of its entire investment in Cloudyn for a total consideration of approximately USD 4400000. The divestment is due to Microsoft signing a definitive agreement for the acquisition of Cloudyn. On 11 July 2017 Infosys' wholly-owned subsidiary EdgeVerve Systems announced the availability of its Finacle suite of solutions on Amazon Web Services (AWS). The Board of Directors of Infosys at its meeting held on 19 August 2017 approved buyback of its fully paid equity shares of Rs 5 each for an amount not exceeding Rs 13000 crore. The buyback offer size is 20.51% of the total paid up equity capital and free reserves of the company as on 30 June 2017. The buyback offer will comprise a purchase of up to 11.30 crore equity shares aggregating up to 4.92% of the paid up capital of the company at a price of Rs 1150 per equity share through the tender offer route. On 6 September 2017 Infosys announced the opening of a new state-of-the-art office space in Amsterdam Netherlands. On 11 September 2017 Infosys announced that it has completed the acquisition of Brilliant Basics a London-based product design and customer experience (CX) innovator known for its world-class design thinking-led approach and experience in executing global programs. On 12 September 2017 Infosys announced that it will open its North Carolina Technology and Innovation Hub in Raleigh. This innovation hub is expected to hire 2000 American workers by 2021. On 18 September 2017 Infosys announced that it had won a contract from the CMA CGM Group a world leader in container shipping which will simplify and transform CMA CGM's IT applications and improve customer service experience. As part of the agreement and at the request of CMA CGM Infosys will open a Delivery Center (DC) in Marseille which will become a key hub attracting and enhancing local expertise. Infosys will also acquire CMA CGM's Innovation and Delivery Center in Dubai UAE expanding its footprint in the Middle East.On 19 September 2017 Infosys Finacle announced its partnership with Niki.ai a FinTech start-up that offers chat based commerce solutions. With this partnership Finacle solution suite will be available with Niki.ai's chat-based virtual assistant - Niki. This offering will enable banks to offer its customers a virtual banking assistant for shopping products and services. On 22 September 2017 Infosys Finacle announced a partnership with ToneTag a provider of near-field communications payments and location based services using sound waves. Through this partnership Finacle and ToneTag will offer a joint solution that will leverage the latter's sound wave technology to enable proximity payments and interactions. On 25 September 2017 Infosys announced the launch of a private cloud solution in collaboration with Micro Focus SUSE a pioneer in open source software providing software-defined data center infrastructure and application delivery solutions. This solution will help businesses significantly accelerate their digital transformation journey by being hardware agnostic enabling faster time to market through rapid adoption providing faster delivery of services and greater infrastructure agility and control.On 4 October 2017 Infosys announced that it has won an order from KONE a global leader in the elevator and escalator industry to support its IT transformation. On 16 November 2017 Infosys and ATP the governing body of men's professional tennis announced the launch of Second Screen a new feature providing player performance insights within seconds of a point being played. The Second Screen capability offers valuable information on the strengths and weaknesses of players enabling them and their coaches to review strategies and improve performance.On 27 November 2017 Infosys announced a partnership with Hewlett Packard Enterprise (HPE) to offer a joint end-to-end mainframe modernization solution which will provide global enterprise customers robust hardware and advanced software architecture.On 29 November 2017 Infosys Finacle part of EdgeVerve Systems a product subsidiary of Infosys announced the global availability of Finacle Trade Connect a blockchain based trade finance solution for banks. The solution will help digitize the trade finance business process including validation of ownership certifying documents and making payments while working on a distributed trusted and shared network. On 19 December 2017 the name of Infosys' Business Process Outsourcing (BPO) subsidiary Infosys BPO was changed to Infosys BPM Limited to reflect the paradigm shift in the nature of services that the company offers through its holistic approach of end-to-end transformative BPM (Business Process Management). Infosys BPM the business process management subsidiary of Infosys was set up in April 2002.On 29 December 2017 Infosys announced that it has signed an agreement for divestment of its entire investment in ANSR Consulting Holdings Inc. a Delaware corporation for a total consideration of USD 1000000.On 4 January 2018 Infosys announced a new partnership with paperless validation company ValGenesis that will bring even stronger compliance and quality management for its customers in the healthcare and life sciences sectors. Under the partnership Infosys will integrate ValGenesis' Validation Lifecycle Management System (VLMS) within its suite of services for the pharmaceutical and biotech industry which will be delivered in a rapidly deployable highly secure cloud environment.On 5 January 2018 Infosys announced that it had won a contract from Proximus the largest telecommunications company in Belgium to implement Excite - a business transformation program aimed at delivering superior digital customer experiences for its enterprise clients. The multi-year program will strengthen Proximus' leadership in the professional services market by replacing legacy IT systems streamlining processes and deploying advanced tools for quoting selling ordering billing invoicing and more.On 9 January 2018 Infosys announced the successful conclusion of an Advance Pricing Agreement (APA) with the U.S. Internal Revenue Service (IRS). Under the APA Infosys and the IRS have agreed on the methodology to allocate revenues and compute the taxable income of the company's US operations. This agreement covers financial years from 2011 to 2021. The APA will enhance predictability of the company's tax obligations in respect of its US operations.