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Company History Infosys Technologies Ltd (Infosys) was incorporated on July 2, 1981, as a private ltd company. It became public limited company on June 1992 and subsequently the name was also changed to Infosys Technologies Ltd. It was the first Indian company to be listed on American Stock Exchange. The Company is one of India's leading information technologies (IT) services companies. It is mainly engaged Out-Sourced application & Infrastructure Services, Enterprise Services, Product R&D Services and Consulting Services. The company also develops and markets certain company owned software products. Infosys Technologies came out with an IPO in Feb. 1993 at a premium of Rs 95 for a face value of Rs 10 per share. Since then, it has issued three bonus issues (each in the ratio of 1:1) and split its face value to Rs 5 each. In Feb 2000,the ADRs was split in the ratio of 2:1. Company Overview Infosys Technologies Limited ('Infosys' or 'the company') along with its majority owned and controlled subsidiary, Infosys BPO Limited, India ('Infosys BPO') formerly known as Progeon Limited, and wholly owned subsidiaries, Infosys Technologies (Australia) Pty. Limited ('Infosys Australia'), Infosys Technologies (China) Co. Limited ('Infosys China'), formerly known as Infosys Technologies (Shanghai) Co. Limited and Infosys Consulting, Inc., USA ('Infosys Consulting'), is a leading global technology services organisation. The Company provides end-to-end business solutions that leverage technology thereby enabling clients to enhance business performance. The Company provides solutions that span the entire software life cycle encompassing technical consulting, design, development, re-engineering, maintenance, systems integration and package evaluation and implementation, testing and infrastructure management services. In addition, the Company offers software products for the banking industry. Infosys provides its services to various industries like Aerospace & Defence, Automotive, Banking & Capital Markets, Communication Services, Energy, Insurance, Healthcare, Media, Transportation Services etc., Company Locations The company is having its Headquarters in Bangalore and has 17 offshore development facilities located throughout India. The company has development centers with 90.26 lakh sq ft of space with 41,166 seats and an additional 53.43 lakh sq.ft which would have 20,200 seats is under construction. Company’s Client Base In 2004-05 the company has signed up 136 new clients and had a total client base of 438 at the end of the year. Awards The year saw the company emerging as true global brand. The company was the highest ranked IT Services company in the world, and No.10 overall, in the anuual Business Week InfoTech100. Some of the awards that Infosys received during the financial year: Ranked as the `Best company to work for in India 2006' in the BT -Mercer-TNS survey published in Business Today BusinessWeek cover story cited Infosys as one of the companies turning the technology services industry on its head BusinessWeek named Infosys as one of the 10 global companies to watch Ranked No. 11 in Wired 40 (in 2006) Ranked the `Businessworld Most Respected Company' in a survey. The special issue featured rankings of top companies from all sectors Ranked No. 36 on the worldwide list of the World's Most Innovative Companies Named among 74 Global High Performers chosen from Forbes' Global 2000 list BusinessWeek ranked Infosys No.10 among World's Most Innovative Companies in the APAC region ICAI judged Infosys Annual Report 2006 best in `Information Technology, Communication and Entertainment Enterprises' category Best Presented Accounts in Communication and Information Technology Sector in SAFA (South Asian Federation of Accountants) BPA Awards, 2005. Overall winner of the SAFA Best Presented Accounts 2005 Rated among the top five investor relations websites in APAC/Africa by IR magazine Named the most admired company for the sixth consecutive survey by Asia Wall Street Journal Gartner placed Finacle(R), the universal banking solution from Infosys in the leaders quadrant Finacle(R) the Asian Banker Best Implementation award 2006 for implementations in large and mid-sized banks Rated as leader by Forrester in strategy with the highest overall score amongst 13 leading providers of application outsourcing Human Resource In 2006 the company has completed the construction of an employee training facility centre in Mysore, India to further enhance our employee training centre capabilities. The Mysore Training complex will accommodate 4,500 trainees at a time. The company will provide training of approx. 12000 employees annually. Employees are vital to Infosys. Infosys created a favorable work environment that encourages innovation and meritocracy. We have also set up a scalable recruitment and human resources management process, which enables us to attract and retain high caliber employees. Infosys added 15,173 (net) and 22,567 (gross) employees, taking the total strength to 59,831 up from 44,658 at the end of the previous year. The attrition rate stands at 13.7% compared to 11.2% for the previous year. Over the last year, 13,02,368 people applied to the company for employment and the company continues to remain an employer of choice in the industry.
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