Infosys

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Indian multinational technology and IT services company

Last updated November 4, 2026

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Overview

Infosys Limited is an Indian multinational technology company providing information technology services, business consulting, software engineering, outsourcing, and digital transformation solutions. It is headquartered in Bengaluru and is one of India's largest and most internationally recognized IT-services companies. The company serves clients across financial services, insurance, manufacturing, retail, communications, energy, utilities, healthcare, logistics, and the public sector. Infosys was established in 1981 by seven engineers led by N. R. Narayana Murthy. It began with modest capital and initially operated as Infosys Consultants Private Limited in Pune before moving its main base to Bengaluru in 1983. The company first developed custom software and, for a short period, experimented with hardware products including electronic telex equipment and keyboard concentrators. India's economic liberalization in 1991 created more favorable conditions for export-oriented software services, allowing Infosys to build an offshore delivery model serving customers in North America and other overseas markets. The company became publicly traded in India in 1993. Its early public offering was initially undersubscribed, but the shares subsequently performed strongly. Infosys expanded its international capital-market presence in 1999 when it listed American depositary receipts on Nasdaq, becoming the first Indian company to do so. Its global reputation grew alongside India's software-export industry, and the company became associated with transparent governance, professional management, employee training, and a large-scale global delivery network. Infosys has developed both services and intellectual-property businesses. Its principal service activities include application development and maintenance, independent validation, systems integration, cloud transformation, cybersecurity, data and analytics, artificial intelligence, engineering, digital experience, and sustainability consulting. Through Infosys Consulting, it provides strategy and transformation advice. Infosys BPM provides outsourced business-process services in areas such as finance, procurement, customer support, and human resources. The company has also commercialized platforms and software products, including Finacle for banking, Panaya for application delivery and management, Infosys Equinox for digital commerce, Infosys Meridian for workplace collaboration, and Infosys Cortex for customer engagement. Its more recent platform families include Cobalt for cloud services, Topaz for generative artificial intelligence, and Aster for AI-enabled marketing. The business has expanded through subsidiaries, joint ventures, and acquisitions. Progeon, created with Citigroup in 2002, became the foundation for Infosys BPM after Infosys acquired Citigroup's remaining interest. Infosys Consulting was established in 2004, while Infosys Public Services was created in 2009 to serve government clients in the United States, Canada, and the United Kingdom. EdgeVerve Systems was formed in 2014 to house enterprise software and platforms, including Finacle. Infosys also established a large innovation fund in 2015 to invest in early-stage and deep-technology companies, and formed the Singapore-based Infosys Compaz joint venture with Temasek in 2018. Infosys operates a substantial network of sales offices and development centers across the Americas, Europe, Asia-Pacific, and other regions. North America and Europe are its most important overseas markets. In fiscal 2023–24, the company reported that approximately 61 percent of revenue came from North America, 25 percent from Europe, 3 percent from India, and the remainder from other regions. As of 31 March 2024, it reported 317,240 employees, with women representing approximately 39.3 percent of the workforce. Employees are commonly referred to as Infoscions. Its Global Education Centre in Mysuru is a major corporate training campus, and the comp…

History

Infosys was incorporated as Infosys Consultants Private Limited in Pune on 2 July 1981 by seven engineers: N. R. Narayana Murthy, Nandan Nilekani, Kris Gopalakrishnan, S. D. Shibulal, K. Dinesh, N. S. Raghavan, and Ashok Arora. The founders started with limited capital and moved the company's center of operations to Bengaluru in 1983. Ashok Arora left the company in 1989, selling his stake to the remaining founders. During its first decade, Infosys combined software services with a small number of hardware initiatives, including electronic telex machines and keyboard concentrators. Its main growth engine became offshore custom-software development. The liberalization of India's economy in 1991 improved the environment for technology exports and international investment, enabling Infosys to scale its delivery operations and build a client base outside India. Infosys held its initial public offering in February 1993 at an offer price of ₹95 per share. Although the issue was initially undersubscribed, subsequent trading performance helped establish the company as a leading Indian technology stock. In 1993 it also introduced an employee stock-option scheme. The company developed early software products such as Bancs2000 for banking automation in 1994, Entark middleware in 1995, and the In2000 Y2K toolset in 1996. Some product initiatives, including Yantra and OnMobile-related activities, were later separated or divested. The company reached an important international capital-markets milestone in March 1999 by listing American depositary receipts on Nasdaq. Infosys was the first Indian company to receive a Nasdaq listing. Its ADRs were subsequently transferred to the NYSE Euronext system and later traded on the New York Stock Exchange. Also in 1999, Infosys introduced Finacle, a core-banking suite that succeeded Bancs2000, and created SETLabs as a research and innovation unit. SETLabs later became Infosys Labs and developed the company's intellectual-property and research capabilities. Infosys broadened its operating model in the 2000s. It established Progeon in 2002 as a business-process-management venture with Citigroup, created Infosys Consulting in 2004, and acquired Citigroup's remaining interest in Progeon in 2006. Infosys Public Services was established in 2009 to focus on public-sector work in the United States, Canada, and the United Kingdom. These moves expanded the company beyond application outsourcing into consulting, business processes, and government technology. In 2014, Infosys established EdgeVerve Systems as an enterprise-software subsidiary. Finacle's assets were transferred to EdgeVerve in 2015, consolidating several digital products under a dedicated platform organization. The same year, Infosys announced a US$500 million innovation fund for early-stage and deep-technology investments, including a planned allocation for Indian startups. In 2018, it formed Infosys Compaz with Temasek Holdings, a Singapore-based joint venture intended to serve Southeast Asian markets. Leadership also changed significantly. The company was led by its founders from establishment until 2014, with Narayana Murthy serving as chief executive for the first 21 years. Vishal Sikka became the first chief executive from outside the founding group in 2014, but resigned in 2017. U. B. Pravin Rao served as interim chief executive, after which Salil Parekh became chief executive officer and managing director in January 2018. The company's service portfolio has continued to evolve toward cloud, data, artificial intelligence, engineering, cybersecurity, digital commerce, and industry platforms. Infosys Cobalt represents its cloud ecosystem, while Infosys Topaz is associated with generative-AI services and solutions. Finacle remains a major banking product, and Infosys BPM, Infosys Consulting, EdgeVerve, and Infosys Public Services extend the company's reach into specialized service and software markets. Infosys developed a large international operating footprint, with sales and marketing offices and development centers across major regions. Its Mysuru Global Education Centre, established in 2002, became a signature training facility capable of supporting large cohorts of new employees. The company's workforce exceeded 317,000 people by 31 March 2024. North America remained its largest geographic revenue market, followed by Europe. Alongside its growth, Infosys encountered controversy over US immigration and tax practices and over technical shortcomings in government portals delivered in India. In 2013, it reached a US$34 million civil settlement with US authorities concerning visa allegations without admitting liability. In 2019, it reached a separate settlement with California authorities concerning allegations involving visas and payroll taxes. Indian government portals including MCA21, GSTN, and the Income Tax portal also attracted public and official criticism because of outages, defects, or migration problems. These episodes highlighted the operational and reputational risks associated with large technology projects and public-sector contracts.

2021
US$100 billion market capitalization milestone
[1]Infosysen.wikipedia.org
Infosys became the fourth Indian company to reach a market capitalization of US$100 billion.
2018
Infosys Compaz joint venture formed
[1]Infosysen.wikipedia.org
Infosys and Temasek formed a Singapore-based 60:40 joint venture serving Southeast Asian customers.
2015
Innovation Fund launched
[1]Infosysen.wikipedia.org
Infosys announced a US$500 million fund intended to invest in early-stage and deep-technology companies.
2014
EdgeVerve Systems formed
[1]Infosysen.wikipedia.org
Infosys established EdgeVerve as an enterprise-software subsidiary for products and platforms.
2009
Infosys Public Services established
[1]Infosysen.wikipedia.org
A subsidiary was created to focus on federal, state, and other public-sector technology projects in selected Western markets.
2004
Infosys Consulting established
[1]Infosysen.wikipedia.org
The company created a wholly owned consulting subsidiary focused on business and technology transformation.
2002
Progeon established
[1]Infosysen.wikipedia.org
Infosys created Progeon with Citigroup to develop a business-process-management business.
2002
Mysuru Global Education Centre established
[1]Infosysen.wikipedia.org
Infosys established its major corporate training campus in Mysuru.
1999
Nasdaq ADR listing
[1]Infosysen.wikipedia.org
Infosys listed American depositary receipts on Nasdaq, becoming the first Indian company to do so.
1993
Initial public offering
[1]Infosysen.wikipedia.org
Infosys completed its Indian IPO at an offer price of ₹95 per share.
1991
Indian economic liberalization supports expansion
[1]Infosysen.wikipedia.org
Economic reforms helped Infosys expand offshore software development and international technology exports.
1983
Operations move to Bengaluru
[1]Infosysen.wikipedia.org
The company's main base moved from Pune to Bengaluru as it developed its software-services business.
1981
Company founded
[1]Infosysen.wikipedia.org
Seven engineers founded Infosys Consultants Private Limited in Pune with N. R. Narayana Murthy as the leading founder.

Products and positioning

A global technology-services and consulting provider combining offshore delivery, large-scale enterprise transformation, industry expertise, and proprietary digital platforms.

Banking software · 1999
Finacle
Finacle is Infosys's core-banking software suite. It originated as the successor to Bancs2000 and supports functions such as retail and corporate banking, payments, digital banking, and related financial-services operations. The product is positioned as a configurable platform for banks seeking to modernize core systems and deliver services across digital channels.
Cloud services and platform
Infosys Cobalt
Infosys Cobalt is the company's cloud-focused set of services, assets, frameworks, and partner capabilities. It supports cloud migration, modernization, industry transformation, and cloud-native application development. The offering combines consulting and implementation work with reusable technology components intended to accelerate enterprise adoption of public, private, and hybrid cloud environments.
Generative artificial intelligence
Infosys Topaz
Infosys Topaz is a generative-AI-oriented portfolio covering consulting, implementation, responsible-AI practices, automation, and industry use cases. It is intended to help enterprises experiment with and deploy generative AI across software engineering, customer operations, knowledge work, analytics, and business processes.
Digital commerce
Infosys Equinox
Infosys Equinox is a digital-commerce platform designed to support customer journeys across online and connected channels. It addresses capabilities such as product discovery, commerce operations, personalization, transactions, and fulfillment, helping organizations build or modernize digital storefronts and commerce ecosystems.
Application delivery and management
Panaya
Panaya provides software for managing enterprise application changes, testing, delivery, and modernization. It is associated with reducing the complexity and risk of upgrades and transformation programs, particularly in large application estates where dependencies, testing requirements, and release coordination must be managed systematically.
Workplace platform
Infosys Meridian
Infosys Meridian is a workplace and employee-experience platform supporting collaboration, communication, learning, and organizational engagement. It is intended for enterprises seeking a more integrated digital workplace environment for distributed workforces.
Customer engagement
Infosys Cortex
Infosys Cortex is a customer-engagement platform and related set of capabilities for using data, analytics, automation, and digital channels to improve interactions with customers. It supports organizations seeking more connected and personalized marketing, service, and customer-operations experiences.

Controversies

2021
Income Tax portal failures
The Indian Income Tax portal developed by Infosys experienced persistent glitches after its launch. The problems prompted government intervention, public criticism, and an extension of the tax-filing deadline.
Source
2020
GSTN portal technical problems
Technical problems affecting India's GSTN portal led to scrutiny from the Finance Ministry and summonses involving Infosys executives. Users and tax professionals continued to report issues during subsequent system changes.
Source
2020
Former employee sues Infosys alleging racial discrimination
A former Infosys employee filed a lawsuit in a U.S. court alleging racial discrimination and retaliation by the company. Infosys denied the allegations and said it would defend itself.
Source
2019
California visa and payroll-tax settlement
Infosys reached an US$800,000 settlement with the State of California concerning allegations that employees had worked under B-1 visas rather than required H-1B visas and that related payroll taxes had not been properly paid.
Source
2019
Infosys CEO responds to whistleblower allegations
In a controversy involving Infosys, CEO Salil Parekh responded to accusations contained in a whistleblower letter. Parekh said he had recused himself from the ongoing process and stated that he respected the audit committee's independent investigation. Infosys also condemned insinuations against its co-founders and former colleagues. The event concerns the company's handling of the whistleblower allegations and the CEO's public response.
Source
2019
Infosys fined $800,000 in the US
Infosys was reported to have been fined $800,000 in the United States in connection with worker misclassification and tax fraud.
Source
2019
SEC investigates Infosys over whistleblower complaints
Infosys said the US Securities and Exchange Commission had launched an investigation into whistleblower claims alleging that the company used unethical practices to boost revenue and profit. The article reports the claims and investigation, not a finding of wrongdoing.
Source
2013
US visa-practice investigation and settlement
US authorities investigated allegations that Infosys used B-1 visitor visas for work that should have been performed under other visa classifications. Infosys agreed to a US$34 million civil settlement in October 2013 without admitting liability and disputed allegations of systemic visa fraud or immigration abuse.
Source
2013
MCA21 portal service problems
Technical problems emerged after Infosys took over work on India's MCA21 corporate-filing portal, with further difficulties reported after a later migration and version update.
Source

2018
Formation of Infosys CompazM&A
Background
Infosys sought to deepen its presence in Southeast Asian markets through a local strategic partnership.
Action taken
Infosys formed a Singapore-based 60:40 joint venture with Temasek Holdings.
Aftermath
The joint venture created a regional vehicle for serving Southeast Asian enterprise customers.
Source
2018
Salil Parekh appointed CEO and managing directorOther
Background
The appointment followed the resignation of Vishal Sikka and an interim period under U. B. Pravin Rao.
Action taken
Infosys appointed Salil Parekh as chief executive officer and managing director, effective 2 January 2018.
Aftermath
Parekh became the company's permanent post-founder chief executive and led its continued shift toward cloud, digital, AI, and consulting services.
Source
2015
Launch of the Infosys Innovation FundStrategy
Background
Infosys sought exposure to emerging technologies and startup-led innovation beyond its traditional services model.
Action taken
The company announced a US$500 million fund for early-stage and deep-technology investments, including a planned allocation for Indian startups.
Aftermath
The initiative positioned Infosys as a corporate investor in technology startups and emerging enterprise technologies.
Announced fund size. US$500 million (2015 announcement)
Source
2014
Creation of EdgeVerve SystemsStrategy
Background
Infosys wanted to give its enterprise-software and platform businesses a more focused operating structure.
Action taken
It established EdgeVerve Systems and subsequently transferred Finacle assets to the subsidiary in 2015.
Aftermath
Finacle and other digital products were consolidated under a dedicated software organization.
Source
1999
International capital-markets expansionStrategy
Background
Infosys sought broader international visibility and access to overseas investors as its export-oriented software-services model expanded.
Action taken
The company listed American depositary receipts on Nasdaq and later transferred the ADR listing to NYSE Euronext and then the New York Stock Exchange.
Aftermath
The listing strengthened Infosys's profile among global technology companies and investors.
Source

Recent events

2026.10.30
Reported2026.10.30
Infosys inaugurates expanded Pocharam Development Centre[8]Infosys为Pocharam开发中心扩建部分举行启用仪式deccanchronicle.com
Infosys inaugurated a 1.1 million sq. ft. software development block at its Pocharam Development Centre in Hyderabad. The new block adds 10,000 seats and is expected to enable support for an additional workforce of over 13,000 employees under a hybrid working model.
2026.10.23
Infosys lowers FY2027 revenue growth guidance[9]Infosys下调2027财年营收增长指引moneycontrol.com
Infosys revised its FY2026-27 revenue growth guidance to 1–2% in constant currency terms, down from its earlier forecast of 1.5–3%. It maintained its operating margin guidance.
2026.10.23
Reported2026.10.23
Infosys reports September-quarter results[10]Infosys公布9月季度业绩econotimes.com
Infosys reported audited results for the quarter ended Sept. 30, including revenue from operations of ₹49,244 crore and profit attributable to shareholders of ₹7,823 crore.
2022.02.09
Reported2022.02.09
Infosys announces collaboration with Qualtrics[11]Infosys宣布与Qualtrics合作business-standard.com
Infosys announced a collaboration with Qualtrics and established a Qualtrics center of excellence to bring Qualtrics-based solutions to market.
2021.12.09
Reported2021.12.10
Infosys and Packable collaborate on a direct-to-consumer platform[12]Infosys 与 Packable 合作开发直接面向消费者的平台business-standard.com
Infosys announced a collaboration with Packable to integrate Infosys Equinox with Packable IQ, supporting a direct-to-consumer platform offering for Packable’s brand partners.
2021.11.03
Reported2021.11.03
Infosys and Shell announce strategic collaboration[13]Infosys与Shell宣布战略合作business-standard.com
Infosys announced a strategic collaboration with Shell, with Infosys serving as commercialization partner for the Shell Inventory Optimizer solution. The companies said they will launch the solution for Shell's energy customers.
2021.10.26
Reported2021.10.26
Infosys selected as Posten Norge’s strategic partner[14]Infosys 获选为 Posten Norge 的战略合作伙伴business-standard.com
Infosys announced that Posten Norge selected it as a strategic partner to digitally transform Posten Norge’s IT Service Management function.
2021.10.18
Reported2021.10.18
Infosys collaborates with Brent Council on digital education[15]Infosys与布伦特区议会合作开展数字教育business-standard.com
Infosys announced a collaboration with Brent Council to provide digital education to Brent residents and boost employability skills through Infosys Springboard.
2021.10.07
Reported2021.10.07
Infosys and ATP Tour launch match statistics tools[16]Infosys与ATP巡回赛推出比赛数据统计工具business-standard.com
Infosys, in partnership with the ATP Tour, launched match statistics and analysis tools that let fans, coaches, and media view insights across more than 60 ATP Tour events each season.
2021.09.29
Reported2021.09.29
FinancialForce and Infosys announce regional partnership[17]FinancialForce与Infosys宣布区域合作finanznachrichten.de
FinancialForce announced a partnership with Infosys to help organizations in EMEA and APAC access FinancialForce ERP and Professional Services Automation cloud solutions on the Salesforce platform. FinancialForce said it will bring those solutions to organizations in the regions.

Sources90 sources

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