.jpg){kind=link}
The story
Founded by Kris Gopalakrishnan, N. R. Narayana Murthy, N. S. Raghavan, Nandan Nilekani and S. D. Shibulal on Jul 2, 1981.1
Infosys was founded by N. R. Narayana Murthy, Nandan Nilekani, Kris Gopalakrishnan, S. D. Shibulal, K. Dinesh, N. S. Raghavan, and Ashok Arora, with an initial capital of $250. It was incorporated as Infosys Consultants Private Limited in Pune on 2 July 1981, before relocating to Bangalore in 1983. Arora left the company in 1989 and sold his shares to the other co-founders.
In the 1980s, Infosys briefly made hardware products like electronic telex machines and keyboard concentrators. Its core business of offshore custom software development witnessed growth after the 1991 economic liberalisation of India.
In February 1993, Infosys launched its initial public offering (IPO) with an offer price of ₹95 per share. The IPO was initially undersubscribed which led American investment bank Morgan Stanley to price stabilize the IPO by acquiring a 13% equity stake in INFY. The share price eventually opened at ₹145 per share in June 1993.
Infosys released its banking automation software package Bancs2000 in 1995, middleware architecture product Entark in 1995, and Y2K problem toolset "In2000" a year later. In the mid to late 1990s, Infosys also incubated software product subsidiaries like e-fulfillment and WMS software provider Yantra, and mobile VAS developer OnMobile, which were subsequently spun off and divested.
Infosys listed its American depositary receipts (ADRs) on Nasdaq in March 1999, making it the first Indian company to be listed on Nasdaq. Infosys was then among the top 20 companies by market capitalization on the Nasdaq. The ADR listing was later transferred to NYSE Euronext to provide European investors with better access to the company's shares.
In 1999, Infosys rolled out Finacle, a core banking software suite developed as the successor to Bancs2000. The same year, Infosys started its research and innovation arm called SETLabs (later renamed Infosys Labs). In 2004, SETLabs formed an intellectual property (IP) cell; Infosys was reported to be earning about 10% of its total revenue from patent pending IP assets in 2006.
In 2002, Infosys created a business process management division called Progeon (now Infosys BPM), with Citigroup taking a minority stake in the venture for $20 million. In 2004, Infosys established a wholly owned consulting subsidiary called Infosys Consulting, based in Fremont, California. In 2006, Infosys bought out Citigroup's entire 23% stake in Progeon for $115 million.
In 2009, Infosys set up a subsidiary, Infosys Public Services, based in Rockville, Maryland, with a focus on federal and state government projects in the US, Canada, and the UK. In 2012, Infosys opened its 18th US office, in Milwaukee, primarily to serve Harley-Davidson; the company also announced having hired over 1,200 employees in the US in 2011 and an additional 2,000 employees in 2012.
Read the full text
In July 2014, Infosys established an enterprise software subsidiary named EdgeVerve Systems, with products in business operations, customer service, procurement, and commerce network domains. In August 2015, Infosys transferred assets of Finacle to EdgeVerve Systems.
In 2015, Infosys launched the $500 million Infosys Innovation Fund to invest in early-stage startups focused on emerging technologies and deep tech, including a $250 million allocation for Indian startups.
In 2018, Infosys formed a Singapore-based 60:40 joint venture with Temasek Holdings known as Infosys Compaz (iCompaz), serving clients in the Southeast Asian markets.
On 24 August 2021, Infosys became the fourth Indian company to achieve a market capitalization of US$100 billion.
In October 2025, Infosys secured a 15-year contract worth £1.2 billion ($1.59 billion) from the NHS Business Services Authority to replace the National Health Service's existing payroll platform. Under the agreement, Infosys will build a new data-driven workforce management platform to replace the NHS Electronic Staff Record system, managing payroll for 1.9 million employees across England and Wales and processing more than £55 billion annually.
From Wikipedia’s article on Infosys, shared under CC BY-SA 4.0.7