19 Facts About Infosys

Infosys Limited is an Indian multinational information technology company that provides business consulting, information technology and outsourcing services.

Infosys was founded in Pune and is headquartered in Bangalore.

Infosys is the second-largest Indian IT company after Tata Consultancy Services by 2020 revenue figures and the 602nd largest public company in the world, according to the Forbes Global 2000 ranking.

On 24 August 2021, Infosys became the fourth Indian company to cross $100 billion in market capitalization.

Infosys was founded by seven engineers in Pune, Maharashtra, India.

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Infosys shares were listed on the Nasdaq stock exchange in 1999 as American depositary receipts .

At that time, Infosys was among the 20 biggest companies by market capitalization on the Nasdaq.

In 2012, Infosys announced a new office in Milwaukee, Wisconsin, to serve Harley-Davidson.

In July 2014, Infosys started a product subsidiary called EdgeVerve Systems, focusing on enterprise software products for business operations, customer service, procurement and commerce network domains.

Infosys provides software development, maintenance and independent validation services to companies in finance, insurance, manufacturing and other domains.

Infosys has 82 sales and marketing offices and 123 development centres across the world as of 31 March 2018, with major presence in India, United States, China, Australia, Japan, Middle East and Europe.

In India, shares of Infosys are listed on the BSE where it is a part of the BSE SENSEX and the NSE where it is a NIFTY 50 Constituent.

The promoters' holdings reduced further when Infosys became the first Indian-registered company to list Employees Stock Options Schemes and ADRs on NASDAQ on 11 March 1999.

Infosys appointed Salil Parekh as chief executive officer and managing director of the company with effect from 2 January 2018.

Close to 500 Infosys employees were working in the state on Infosys-sponsored B-1 visas instead of H-1B visas between 2006 and 2017, as per an official post available on the website of State of California.

In 2011, Infosys was accused of committing visa fraud by using B-1 visas for work requiring H-1B visas.

Infosys subsequently sued the company, claiming that he was harassed and sidelined after speaking out.

Infosys refused to admit guilt and stressed that it only agreed to pay the fine to avoid the nuisance of "prolonged litigation".

In 2004, Murthy had previously given the Russian president Vladimir Putin a tour of the Bangalore campus of Infosys, and spoke of the "special relationship" between the two countries.