Infosys is a multinational corporation that is based in India. They offer many services, including information technology, business consulting, and even outsourcing services. It is one of the most prominent companies from India to capture the world market within a short period of time. The headquarters of Infosys is located in Bangalore.
You can call Infosys the second largest IT Company that can be found in India. In fact, Infosys is second only to Tata Consultancy Services. When you look at the revenue statistics from the year 2017, you will figure out that Infosys is among the top 600 public companies located out there in the world based on revenue. As per the calculations made on the 29th of March, 2019, the overall market capitalization of Infosys is around $47 billion.
History of Infosys
Infosys is a company that was established in the year 1981. In fact, seven engineers from Pune got together and started this company. During the launch, Infosys had a capital of just $250. However, they were able to get maximum use out of that capital and transform the company significantly. Therefore, you will be able to find Infosys playing a dominating role out there in the world.
Along with time, Infosys Company, located in Pune, grew. As a result, they noticed that there is not enough space for the company to operate. That’s the main reason why they decided to relocate the office to a bigger facility, which is located in Bangalore.
On the year 1992, the company name was changed to Infosys Technologies Private Limited. That’s where it became a public limited company. Along with that, the company name was again changed to Infosys Limited. This name change took place in the year 2011.
The initial public offer of Infosys took place back in the year 1992. In this public offering, the price per share was just 95 Indian rupees. It was acquired by the Morgan Stanley Investment Bank in the United States. It further contributed to the development of the company.
During the year 1999, the company’s annual revenue reached up to $100 million in USD. The company kept on receiving positive results, and they were able to ensure a revenue of USD 1 billion in the year 2004. 13 years later, the company secured USD 10 billion. These numbers clearly indicate how the company is growing along with time. Therefore, we will be able to see the company securing many new opportunities in the future. Along with that, it will become one of the most prominent companies to operate in the country.
In the year 2012, Infosys moved to a new office location, which is in Wisconsin, United States. That’s where the company decided to hire employees from the United States. In the year 2011, Infosys hired around 1,200 employees from the United States. It increased up to 2,000 within a year. As of now, Infosys is focusing on expanding its business operations to Indianapolis in Indiana. They are currently working on developing a massive facility, which provides space for more than 120 acres. This will create over 3,000 new employment opportunities for people in need. In fact, it will be 1,000 higher than what the company initially announced.
Throughout the past, Infosys has acquired many other companies as well. For example, the company went ahead and acquired another small-scale subsidiary named Edge Verve Systems back in the year 2014. Along with that, the company could start offering enterprise software products to the market. They were ideal for customer service, business operations, commerce network domains, and procurement.
Products and services offered by Infosys
Infosys is currently offering a large number of products and services to the market. They include maintenance, software development, and independent validation services. These services are available to companies in numerous industries. Some of the industries where companies can receive the benefits offered by Infosys include insurance, finance, and manufacturing. However, the services are not just limited to these domains, and businesses that you can find in many other industries will be able to go ahead and get the services delivered by Infosys.
Along with that, you need to understand better the key products and services offered by Infosys to the market. One of the key products and services that Infosys offers to the market is NIA. NIA refers to the Next Generation Integrated AI platform. This platform was previously called Mana.
Another prominent service offered by Infosys is Infosys Consulting. This is a global management consulting service. Many companies that you can find out there in the world are using this service to take their businesses to the next level. In fact, they are receiving top-notch professional consulting services, which match their specific business requirements.
Infosys has got an analytics platform named Infosys Information Platform. Along with the high demand that is available for analytics, we will see this platform offering lots of value to the people in need. In fact, companies are using this platform to upload their data and get their hands on useful facts and figures.
Infosys is offering a platform called Edge Verve Systems as well. This system includes Finacle, which is a global banking platform. This platform can provide many solutions for the banks located out there in the world to take their banking initiatives to the next level.
Infosys has entered into the cloud domain as well. In fact, Infosys is offering a comprehensive Cloud Suite, which is known as Panaya. Along with that, Infosys is currently working on another unique platform named Skava.
These are some of the most prominent products and services offered by Infosys. Along with these products and services, the company can enhance its business process to different parts of the world in a convenient manner.