THE GROWTH OF INFOSYS
The word "INFOSYS" seems to find an indispensable place in the hearts of today's Engineering Graduates. When the Indian students are asked to list their dream companies for which they aspire to work with, it's obvious that Infosys finds a top place. Here I to share their achievements and the success path they had walked through from 1981 to 2011 which I had collected from various sources.
Infosys is a global technology Services Company headquartered in Bangalore, India. It is the second largest IT exporter in India with 133,560 employees as of March 2011. Infosys provides business consulting, technology, engineering and outsourcing services to help clients in over 30 countries. The company also provides software products to the banking industry. Through Infosys Business Process Outsourcing (BPO), it provides business process management services, such as offsite customer relationship management, finance and accounting, and administration and sales order processing. The various developments in their career are listed below,
· 1981
Corporate Performance - Establishment in India.
· 1987
Global Initiatives - First international office in US.
· 1993
Corporate performance - Successfully completed IPO (Initial Public Offering) in India.
Quality initiatives - ISO 9001/TickIT certification.
· 1995
Corporate performance - Best Annual Report Award from ICAI (every year from '95).
Globalization initiatives - Set up development centers across cities in India.
· 1996
Corporate performance - Infosys Foundation to focus on contributing back to the society.
Globalization initiatives - Set up first office in Europe in Milton Keynes, UK.
Strategic initiatives - e-business practice (Infosys Internet Consulting Practice).
· 1997
Globalization initiatives - Set up office in Toronto, Canada.
Quality initiatives - Assessed at CMM (Capability Maturity Model) Level 4.
Strategic initiatives - e-business practice (Infosys Internet Consulting Practice).
· 1998
Corporate performance - First in "Award for Corporate Excellence" Economic Times India.
Strategic initiatives - Enterprise solutions practice (packaged applications).
· 1999
Corporate performance - $100 Million in annual revenue. India's most admired company by The Economic Times Survey.
Globalization initiatives - Listed on NASDAQ - (first India-registered Company to list). Offices in Germany, Sweden, Belgium, and Australia. Two development centers in US.
Quality initiatives - Assessed at CMM Level 5.
Strategic initiatives - Infosys Business Consulting Services. Reorganization for competence building Domain Competency Group (DCG), Software Engineering and Technology Labs (SETLABS), Communications vertical practice (CAPS).
· 2000
Corporate performance - First company to be awarded the "National Award for Excellence in Corporate Governance" conferred by the Government of India. $200 Million in annual revenue.
Globalization initiatives - Opened an office in France. Opened new office in Hong Kong. Global development center in Canada and UK; Three development centers in US.
Strategic initiatives - Combined the dedicated e-business practice with rest of the organization.
· 2001
Corporate performance - Rated Best Employer of India in a study by Business Today Hewitt Associates. Touched $400 million in annual revenue.
Globalization initiatives - Opened new offices in UAE and Argentina. New development center in Japan.
· 2002
Corporate performance - Ranked No. 1 in the "Best Employers in India 2002" survey conducted by Hewitt Associates for the second consecutive year.
First rank in the Business World's survey of "India's Most Respected Company."
Touched half a billion US dollars in annual revenue.
Globalization initiatives - Opened new offices in Netherlands, Singapore and Switzerland.
· 2003
Globalization initiatives - Establishes subsidiaries Infosys China and Infosys Australia.
· 2004
Corporate performance - Crossed US $1 billion in annual revenue.
Strategic initiatives - Launches Infosys Consulting Inc.
· 2005
Corporate performance - Largest international equity offering of US $ 1 billion from India.
· 2006
Corporate performance - 50,000+Employees. Revenues cross $ 2 billion. Celebrates 25 years.
· 2007
Corporate Performance - Received over 1.3 million applications and hired fewer than 3% of applicants.
Revenues cross $ 3 billion. Employees grow to 70,000+
Globalization initiatives - Opens new subsidiary in Latin America.
· 2008
Corporate Performance - Revenues cross $ 4.18 billion.
· 2009
Corporate Performance - Infosys created "Infosys Prize" for excellence in physical and mathematical sciences engineering and computer science, life sciences and social sciences.
· 2010
Corporate Performance - Employee strength grows to over 100,000.
Infosys selected as a member of Global Dow.
· 2011
Corporate Performance - Employee strength grows to over 133,560.
