Infosys Limited is one of the most well-known Multinational Tech Company in India and is headquartered in Bengaluru, Karnataka. The company is known for services like Business Consultation, IT and Outsourcing Services.
Infosys was established in 1981, and is now NYSE listed global consulting and IT company with more than 249,000 employees all around the world. The company is also considered to be the second largest IT Company in India after Tata Consultancy Services. Infosys is also ranked 602nd largest company in the world according to the Forbes Global 2000 ranking.
Infosys first started out with a capital of $250 but now has grown into company that generating over $13.15 billion revenue in the year of 2021, with a market capitalization of approximately $72.2 billion.
The company is over 39 years and has over the past years made a lot of development for the IT industry in India and has played a role in the country’s emergence as a hub for software services. The company is presently has over 123 development centers all over the world but is well known in countries like India, US, China, Australia, Japan, Middle East and Europe.
Over 60%, 24% and 3% of its revenue was generated from North America, Europe and India in 2019, while the rest 13% comes from other parts of the world. Infosys is the first Indian company to be listed on NASDAQ. It has also created many salaried millionaires over the years.
The company works in domains like finance, insurance and manufacturing and provides services like NIA (Net generation AI platform), Infosys consulting, Infosys Information platform, EdgeVerve Systems, Panaya Cloud Suite, Engineering services and digital marketing. Another well-known products is Finacle which is a universal banking solution.
A brief history on Infosys
Infosys was initially established in the year of 1981 by N R Narayan Murthy and six other engineers from Pune, Maharashtra with a small capital of $250.
By 1987, the company had already opened its first international office in Boston US. In 1992, the company went public so had to change its name from Infosys Technologies Private Limited to Infosys Technologies Limited.
The company received the ISO 9001/TickIT certification and opened a development center at Fremont in 1994. In the next year, Infosys also opened its first European office in the United Kingdom and also will set up its business practice.
The tech company established the Infosys Foundation and was assessed at CMM level 4 in 1997. It wasn’t until 1999 that Infosys got listed on the NASDAQ. Infosys becomes the 21st company in the world to achieve a CMM level 5 certification and opens offices in countries like Germany, Sweden, Belgium, and Australia.
Infosys has its offices in France and Hong Kong and development centers in Canada and UK in 2000 and has also expanded its offices in UAE, Argentina in 2001. The same year the company goes on to launch Finacle which is a universal banking solution.
In 2002 the company expanded its offices to countries like Netherlands, Singapore and Switzerland. The company finally reached the US $1 billion mark in revenue and then launched Infosys Consulting Inc in 2004.
Infosys crossed 5 billion revenue mark in 2010 and even gets listed on the NYSE in 2012. According to Forbes, Infosys became the worlds most innovative company. Infosys provided 250 million to help the “Innovate in India” and in order to support startups in India in 2015.
The company finally launched the awaited Infosys Maya. It is a platform that helps drive automation and innovation in companies. It has also launched the Skava Commerce a modular for e-commerce platforms in 2016.
In 2019, Forbes ranks Infosys as No. 3 in the best regarded companies list and also launches the Infosys Live Enterprise Suite. In 2020, the company targets to attain carbon neutrality and even announces its ESG Vision 2030 where it would measure targets across environment, social and governance.
The Acquisitions of Infosys
Some of the most well-known acquisitions of Infosys are:
- The first acquisition is Expert Information Company an IT services provider brought for $23 million in 2003.
- McCarnish System is an Insurance and financial services which was acquired in 2009 for $38 million.
- Lodestone Holding AG is a management consultancy company which was acquired in 2012 for $345 million.
- Panaya an automation company was acquired in 2015 for $200 million.
- Skava a digital experience solutions was acquired in 2015 for $120 million.
- Fluido Oy a consulting company was acquired in 2018 for 75 million euros.
- Stater N V a mortgage service company was acquired in 2019 for 127.5 million euros.
- Kaleidoscope a products design company was acquired in 2020 for $42 million.
- Guide vision is the latest acquisition made in October 2020 for 30 million euros.
Some of the popular Infosys subsidiaries
EdgeVerve System Limited
EdgeVerve is one of the most popular Infosys subsidiary that is known for products and services. It is an innovative software products and on premise or cloud hosted business platforms. The company is a global leader when it comes to Automation and AI.
The company works in sectors like banking, digital marketing, interactive commerce, distributive trade, and credit servicing and even enterprise buying and customer service. The company has a portfolio of AI which includes Infosys Nia, automation with AssistEdge and business applications like TradeEdge and ProcureEdge.
EdgeVerve also helps other companies in developing deeper connections with stakeholder and make innovations. Nowadays global companies from financial services, insurance, retail, life science, manufacturing and telecommunication use the company’s products.
One of its most known service is the Finacle which is universal banking solution, which so far has over 547 million customers nearly 16.5% of the world’s adult banked population. By providing these services the company is creating possibilities and helping other enterprise grow.
Panaya is an international subsidiary of Infosys which is a software company based in US. Some of its popular products and services are automated code remediation, collaboration test management and test execution and ALM acceleration.
The company is a leader in providing Automation technology especially to large scale enterprises. Panaya is popular Software as a services (SaaS) company and has its presence in US, EMEA and Asia and also has its subsidiaries in Israel, Germany, Japan and Australia.
Infosys BPM Limited
Infosys BPM became a subsidiary in 2002 and is known for business process management. The company mainly operates in countries like India, Poland, Netherlands, South Africa, Brazil, Mexico, US, Puerto Rico, China, Philippines and Australia among others.
The company focuses on providing end to end outsourcing and provides other benefits at lower costs, productivity improvements and process reengineering. The company also has other subsidiaries under it which are Infosys Portland and Infosys McCarnish Systems.
The company is headquartered in Bengaluru, Karnataka and is mainly popular for integrated outsourcing and transformative services. More than 60% of the company’s business comes from the overlapping clients of their parent Infosys.
Infosys BPM has so far opened 33 delivery centers in 14 different countries and 44,443 plus employees from more than 110 nationality. The company has also won over 60 awards and recognition in the past 5 years.
Infosys Consulting Holding AG
This company was initially called as Infosys Lodestone. It is a global company when it comes to Consulting, technology, outsourcing and next generation services. The company is now a global advisor to leading companies on things like process engineering and also managing tech enabled transforming programs.
The company offers various customized solutions to the business challenges that their clients face and also help them renew their existing IT landscapes, while also bringing in new technology and innovation to their business.
One of their most well know service is the Infosys Aikido which includes working with clients in order to leverage the knowledge of systems. The company has so far conducted over 150 design thinking workshops and are actively engaged 50 plus global companies and are using Aikido to transform programs.
Infosys consulting holding tries to combine the human centric approaches with advance technology and help companies to reimagine their future and create and lasting business value.
Infosys Public Serving Inc
The company is an America based subsidiary of Infosys known for providing services like business consultation, technology solutions and even advanced digital service.
Infosys Public Serving Inc helps public sector organizations mostly in the countries like US and Canada to stay ahead by innovating new things.
Their services allow their customers to renew their companies and come up with new avenues to generate value. The company has over 40 plus years of cross industry experience and is also adapted for the public sector. The company also provides flexible delivery models for predictable and on time execution.
Infosys Consulting Ltd
This is another well-known international Infosys subsidiary that was established in Brazil in 2009. The company is said to have many offices in cities like Sao Paulo, Rio De Janeiro and Nova Lima.
It helps its clients by providing business solutions, leverage technology and global infrastructure. Their main vision is to show courtesy to their clients, employees including vendors and society at large.
The company has so far respectful and successful in Brazil and is also considered to be one of the fastest growing subsidiary of Infosys. With the help of this company Infosys has managed to expand in the Latin American market which is important as the region has huge potential in IT and enterprise applications market with a booming economy.
Kallidus Inc is US subsidiary of Infosys and was headquartered in San Francisco, California. The company is known for developing and providing mobile commerce and also helping their clients with digital marketing.
Kallidus is good at developing application, mobile websites and various other digital shopping experiences for devices like mobile, tablet, desktop, etc. It also helps its clients on all stages of the value chain with services for design implementation and managed services for retailers.
Kallidus also owns SkavaOne, which is a cloud based tech platform already well known for creating mobile commerce website, mobile apps even online marketing campaigns and social media experiences for their clients.
This also includes services like Mobile commerce suite, in store suite, digital commerce suite and Skava studio. The company offers maximum flexibility in e commerce integration with API, raw data adaptors in order to create an Omni channel experience.
Noah Consulting LLC
Noah Consulting LLC is a global leader when it comes to management consulting services. The company focuses on providing best data management, data warehousing, data integration, business intelligence, information quality and even data management solution.
The company has over 15 years of experience in delivering practical solutions to the most complex information challenges the industry faces. Noah Consulting has its headquarters in Houston Texas with over a 200 employees. The company has a lot of knowledge on the industry, information strategy planning, data governance which is why it is one of the most important subsidiary to Infosys.
Frequently Asked Questions
What are the main subsidiaries of Infosys?
- Noah Consulting LLC
- Infosys Consulting Ltda
- Infosys Public Serving Inc
- Infosys Consulting Holding AG
- Infosys BPM Limited
- EdgeVerve System Limited
What are the main acquisitions of Infosys?
- Expert Information Company in 2003
- McCarnish System in 2009
- Lodestone Holding AG in 2012
- Skava in 2015
- Fluido Oy in 2018
- Stater N V in 2019
- Kaleidoscope in 2020
What are the main services of Infosys?
The company is known for services like Business Consultation, IT and Outsourcing Services.
Where is the headquarters of Infosys?
The headquarters of Infosys is in Bengaluru, Karnataka.
Infosys is now a successful conglomerate known in more 50 countries and popular in countries like India, US, China, Australia, Japan, Middle East and Europe. The company has played a main role in the development of the IT Industry of the country and has also pioneered a lot of innovations.
The company is now a global leader when its comes to consulting, technology, outsourcing and next generation services. They help their clients to always stay ahead in the industry by helping them attain the business trends by providing various solutions.