Last Updated:

2024-03-21 21:29:16

Infosys

Global leader in consulting, technology, and outsourcing services

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Global leader in consulting, technology, and outsourcing services

Infosys is a multinational IT company offering consulting, IT, and outsourcing services. Founded in Pune, it is now headquartered in Bangalore. In 2020, it was the second-largest Indian IT company. By August 2021, Infosys reached a market capitalization of US$100 billion, making it one of the top Big Tech companies in India.

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1968

Tata Consultancy Services founded

Tata Consultancy Services is established as India's first software services company, expanding to become a global enterprise with operations in 46 countries.

1980

Establishment of Infosys in Pune, India

Infosys is founded in Pune, India in 1980.

1981-07-02

Infosys Founded

Infosys was founded by seven engineers in Pune, Maharashtra, India with an initial capital of $250. It was registered as Infosys Consultants Private Limited on July 2, 1981.

1981-07-07

Incorporation of Infosys

Infosys was incorporated on July 7, 1981, and has become a global leader in consulting, technology, and outsourcing solutions, driving digital transformation.

1983

Relocation of Infosys Headquarters

In 1983, Infosys moved its headquarters from Pune to Bengaluru.

1984

Relocation of Infosys to Bangalore

In 1984, Infosys relocates to Bangalore, where the first computer is established in the town.

1987

Opening of Infosys International Office

In 1987, Infosys established its first international office in Boston, United States.

1991

Indian economy liberalized

The Indian economy undergoes liberalization, which significantly boosts the growth of Infosys.

1992-04

Name Change to Infosys Technologies Private Limited

In April 1992, the company changed its name to Infosys Technologies Private Limited.

1992-06

Became Infosys Technologies Limited

In June 1992, the company became Infosys Technologies Limited when it transitioned into a public limited company.

1992-12

Establishment of first 64kbps international private line by Infosys

In December 1992, Infosys achieved a significant technology milestone by establishing the first 64kbps international private line between its office in Boston and headquarters in Bangalore, setting a new standard in communication.

1993-02

Initial Public Offering (IPO) of Infosys

In February 1993, Infosys floated its initial public offering (IPO) with an offer price of ₹95 per share.

1993-06

Infosys Shares Listed on Stock Exchange

In June 1993, Infosys shares were listed on the stock exchange with trading opening at ₹145 per share.

1993-11

Infosys obtains ISO 9001/TickIT certification

In 1993, Infosys achieved the ISO 9001/TickIT certification, leading the company to work towards reaching Level 4 of the Capability Maturity Model (CMM) established by the Software Engineering Institute shortly after.

1994

Opening of first European office in the UK and global development centers at Toronto and Mangalore. Setting up e-Business practice

In 1994, Infosys expanded its global presence by opening its first European office in the UK and establishing development centers in Toronto and Mangalore. Additionally, the company ventured into e-Business practice to adapt to the changing technological landscape.

1995

Infosys enters European market and establishes global development centers

In 1995, Infosys expanded its operations by opening an office in the United Kingdom and setting up global development centers in Toronto and Mangalore.

1996-12-23

Foundation of Larsen & Toubro Infotech

On December 23, 1996, Larsen & Toubro Infotech, a global IT solutions and services company based in Mumbai, was established, becoming one of the top competitors of Infosys.

1997

Commencement of Infosys Enterprise Solutions practice

In 1997, Infosys initiated its Enterprise Solutions practice, focusing on developing packaged applications to cater to the evolving needs of businesses.

1998

Infosys achieves CMM Level 5 certification

In 1998, Infosys became the 21st company globally to attain a CMM Level 5 certification, showcasing its commitment to high-quality software development processes.

1999-03-11

Infosys listing Employees Stock Options Schemes and ADRs on NASDAQ

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

2000-01

Establishment of Infosys Learning and Development Group

In January 2000, Infosys formally established its Learning and Development Group (L&D) to focus on training and skill development within the organization.

2001

N. R. Narayana Murthy Recognized

In 2001, N. R. Narayana Murthy was acknowledged as one of the 25 most influential businessmen globally by Time Magazine/CNN. He was also recognized as the best employer by Business World/Hewitt.

2002-04

Establishment of Infosys BPM Limited

Infosys BPM Limited, a subsidiary of Infosys Limited, was founded in April 2002. It offers end-to-end transformative business process management services with a focus on stakeholder experience and empathy.

2003-12-18

Infosys announces agreement to acquire Expert

On December 18, 2003, Infosys released a statement confirming the agreement to acquire Expert.

2003-12-19

Infosys acquires Expert

In December 2003, Infosys announced the acquisition of Australian firm Expert for $22.9 million.

2004-02

Infosys recognized as Top Brand with a Conscience

In February 2004, Infosys was selected as one of seven international companies and the only Indian organization to be included in the first annual list of 'Top Brands with a Conscience'.

2004-04

Formation of Infosys Consulting Inc.

In April 2004, Infosys Consulting Inc. was established as a subsidiary of Infosys.

2005

Infosys records largest international equity offering of US$1 billion

In 2005, Infosys achieved a significant milestone by recording the largest international equity offering of US$1 billion from India. This move showcased the company's strong financial standing and global appeal.

2006-03

Fortune magazine visits Infosys GEC

In March 2006, Fortune magazine visited Infosys Global Education Center (GEC) and highlighted the exclusivity of gaining admission to the training center, comparing it to the difficulty of getting into Harvard University.

2008-11-19

Infosys Selected for The Global Dow

On November 19, 2008, Infosys was chosen as a member of The Global Dow, which recognizes the most innovative and influential corporations worldwide.

2009-11-12

Infosys BPO acquires McCamish

Infosys BPO made an acquisition of US company McCamish on November 12, 2009.

2010-03

Launch of Finacle Treasury-in-a-Box by Infosys

In March 2010, Infosys introduced Finacle Treasury-in-a-Box, a rapid implementation framework for an integrated treasury system.

2010-07

Visit of British Prime Minister to Infosys HQ

In July 2010, then-British Prime Minister David Cameron visited Infosys HQ in Bangalore and addressed Infosys employees.

2011-06-16

Change of name from Infosys Technologies Ltd to Infosys Ltd

On June 16, 2011, the company officially changed its name from Infosys Technologies Ltd to Infosys Ltd.

2011-12-20

Infosys BPO Acquires Portland Group

Infosys BPO purchased Australia's Portland Group to expand its operations.

2012-07-17

Infosys BPO Seeks Buyouts to Double Revenues

Infosys BPO aimed to increase its revenues by acquiring other companies.

2012-09-10

Infosys acquires Swiss firm Lodestone

Infosys acquired the Swiss firm Lodestone for Rs. 1,925 crore in 2012.

2013-12-13

S&P Upgrades TCS, Infosys, Wipro to 'A−'

In December 2013, S&P raised the credit rating of TCS, Infosys, and Wipro from 'BBB+' to 'A−'. This upgrade signified an improvement in the financial stability and creditworthiness of these companies.

2014-07-01

Establishment of EdgeVerve Systems

Infosys establishes EdgeVerve Systems in Bangalore, focusing on enterprise software products for various business domains.

2015-02-17

Infosys acquires Panaya

In February 2015, Infosys purchased the automation technology startup Panaya for a deal valued at Rs 1200 crore.

2015-06-04

Skava Acquisition

Infosys completed the acquisition of Skava for an undisclosed amount.

2016-06-08

Infosys selected by Paytm for Finacle Core Banking solution

On June 8, 2016, Infosys was chosen by Paytm, India's largest mobile payments platform, to provide its Finacle Core Banking solution.

2017-04-26

Infosys holistic automation strategy

On April 26, 2017, Infosys was reported to be implementing a holistic automation strategy to enhance its operations.

2017-09-22

Partnership between Infosys Finacle and ToneTag

On September 22, 2017, Infosys Finacle announced a collaboration with ToneTag for NFC payment and location-based services using sound waves.

2017-11-06

Infosys signed Advance Pricing Agreement with US IRS

Infosys entered into an agreement with the US Internal Revenue Service to improve the predictability of the company's tax responsibilities related to its operations in the United States.

2018-01-02

Salil Parekh appointed as CEO and MD of Infosys

Salil Parekh was appointed as the Chief Executive Officer and Managing Director of Infosys by the company's board, with his role effective from January 2, 2018.

2018-03-31

Infosys global presence with sales and development centers

By March 31, 2018, Infosys had established 82 sales and marketing offices and 123 development centers worldwide, with significant operations in India, United States, China, Australia, Japan, Middle East, and Europe.

2018-09-05

Voluntary delisting of ADSs from Euronext exchanges by Infosys

On September 5, 2018, Infosys voluntarily removed its ADSs from the Euronext Paris and Euronext London exchanges.

2018-09-17

Infosys Consulting acquires Fluido Oy

On September 17, 2018, Infosys Consulting purchased the Finnish Salesforce partner Fluido Oy for €65 million, according to Consultancy.eu.

2019-03-01

Nilanjan Roy appointed as CFO of Infosys

Nilanjan Roy was named the Chief Financial Officer of Infosys, starting from March 1, 2019, taking on the financial leadership role within the company.

2019-03-29

Infosys' market capitalization reaches US$46.52 billion

By March 29, 2019, Infosys' market capitalization had reached US$46.52 billion.

2019-06-20

Infosys Market Cap (INFY)

YCharts provided information on Infosys' market capitalization (INFY) as of June 20, 2019.

2019-09-13

Key events for Infosys since inception

A timeline of key events for Infosys since its establishment, highlighting important milestones and developments in the company's history.

2019-09-15

Panaya Acquisition

Infosys' $200 million Israeli software company Panaya acquisition is causing controversy.

2019-10-17

Infosys Market Cap (INFY) on YCharts

On June 20, 2019, Infosys' market capitalization information was available on YCharts, with the data retrieved on October 17, 2019.

2019-10-18

Infosys BPM

Details about Infosys BPM were obtained from crunchbase.com on October 18, 2019.

2019-10-29

Infosys joins The Global Dow

Infosys Technologies became a member of The Global Dow, as announced on October 29, 2019.

2019-11-11

Infosys's Competitors, Revenue, Number of Employees, Funding and Acquisitions

Information about Infosys's competitors, revenue, number of employees, funding, and acquisitions was retrieved from owler.com on November 11, 2019.

2019-11-12

US Judge Dismisses Jay Palmer's Case Against Infosys

A US judge dismissed the case brought by Jay Palmer against Infosys.

2020

Infosys BPM Crosses $1 Billion in Revenues

In 2020, Infosys BPM achieved a significant financial milestone by surpassing $1 billion in revenues.

2021-08-24

Infosys Market Capitalization

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

2022-02-24

Infosys's response to Russia-Ukraine conflict

After Russia's invasion of Ukraine on February 24, 2022, Infosys clarified that it did not have active relationships with Russian firms, addressing concerns about its presence in Russia.

2024

Infosys Limited released a copyright statement in 2024 to protect their intellectual property rights.

End of the Timeline
Infosys