Infosys Explained

Infosys Limited
Logo Alt:Infosys Logo
Image Alt:Infosys Pyramid
Trading Name:Infosys
Type:Public
Industry:Information technology Consulting
Business process outsourcing
Services:
Foundation: in Pune, India
Hq Location City:Bangalore, Karnataka
Hq Location Country:India
Area Served:Worldwide
Key People:Nandan Nilekani (Chairman)
Salil Parekh (MD & CEO)[1]
Revenue: (FY24)
Operating Income: (FY24)
Net Income: (FY24)[2]
Assets: [3]
Assets Year:2024
Equity Year:2024
Num Employees:317,240 (March 2024)[4]
Footnotes:[5]
Rating:CRISIL AAA / Stable / CRISIL A1+

Infosys Limited is an Indian multinational corporation that offers information technology services, business consulting, and business process outsourcing services. Founded in Pune, the company is headquartered in Bangalore.[6]

On 24 August 2021, Infosys became the fourth Indian company to achieve a market capitalization of billion. It is recognized as one of the leading Big Tech (India) companies.[7] [8] As of March 31, 2024, Infosys is the second-largest Indian IT company by revenue and the third-largest Indian company by market capitalization.

History

Infosys was founded by seven engineers in Pune, Maharashtra, India, with an initial capital of $250.[9] It was registered as Infosys Consultants Private Limited on 2 July 1981.[10] In 1983, it relocated to Bangalore, Karnataka.

The company changed its name to Infosys Technologies Private Limited in April 1992 and became Infosys Technologies Limited when it became a public limited company in June 1992.[11] In June 2011, the company was renamed Infosys Limited.[12]

In February 1993, Infosys launched its initial public offering (IPO) with an offer price of 95 per share, compared to a book value of 20 per share. The IPO was initially undersubscribed but was "bailed out" by US investment bank Morgan Stanley, which acquired a 13% equity stake at the offer price.[13] When trading began in June 1993, the share price opened at 145 per share.[14]

Infosys shares were listed on the Nasdaq stock exchange in 1999 as American depositary receipts (ADRs), making it the first Indian company to be listed on Nasdaq. The share price rose to 8,100 by 1999, making it the most expensive share on the market at the time. Infosys was then among the top 20 companies by market capitalization on the Nasdaq.[13] The ADR listing was later transferred from Nasdaq to NYSE Euronext to provide European investors with better access to the company's shares.[15]

In July 2010, then-British Prime Minister David Cameron visited Infosys HQ in Bangalore and addressed the company's employees.[16]

In 2012, Infosys announced the opening of a new office in Milwaukee, Wisconsin, to serve Harley-Davidson.[17] [18] In 2011, Infosys hired 1,200 U.S. employees, and by 2012, it had expanded its workforce by an additional 2,000 employees.

In July 2014, Infosys launched a product subsidiary named EdgeVerve Systems, focusing on enterprise software products for business operations, customer service, procurement, and commerce network domains.[19] In August 2015, assets from Finacle Global Banking Solutions were transferred from Infosys, making them part of the EdgeVerve Systems product portfolio.[20]

Infosys surpassed US$10 million in annual revenue in FY 1995, US$100 million in FY 1999, US$1 billion in FY 2004, and US$10 billion in FY 2017. In FY 2023, its revenue stood at US$18 billion.[21]

Infosys announced the launch of Aster in June 2024, an AI-powered platform designed to improve marketing efficiency through the use of artificial intelligence.[22]

Products and services

Infosys offers software development, maintenance, and independent validation services across various industries, including finance, insurance, manufacturing, and more.[23]

Its key products and services include:

Acquisitions

Name Based in Acquisition cost Acquisition date Business
Expert Information Services Australia US$23 million Dec 2003[28] [29] IT service provider
McCamish Systems USA US$38 million Dec 2009[30] Insurance and financial services
Portland Group Australia AUD 37 million Jan 2012[31] [32] Strategic sourcing and category management
Lodestone Holding AG Switzerland US$345 million Sep 2012[33] Management consultancy
PanayaIsrael US$200 million Mar 2015[34] [35] Automation technology
Skava USA US$120 million Apr 2015[36] [37] Digital experience solutions
Noah-Consulting USA US$70 million Nov 2015[38] Information management consulting services
SkytreeUSAUndisclosed amountApr 2017[39] Machine learning
Brilliant Basics UK GBP 7.5 million Aug 2017[40] Product design and customer experience
Fluido OyFinlandEUR 65 millionOct 2018[41] Salesforce advisor and consulting partner
WongDoodyUSAUS$75 millionJan 2019[42] Advertising and creative strategy services
Stater N.V.NetherlandsEUR 127.5 millionApr 2019[43] Mortgage services
SimplusUSA-AUUS$250 millionFeb 2020[44] Salesforce consulting
KaleidoscopeUSAUS$42 millionSep 2020[45] Product design and development
GuideVisionCzech RepublicEUR 30 millionOct 2020[46] ServiceNow partner
OddityGermanyEUR 50 million Mar 2022[47] Digital marketing
BASE life scienceDenmarkEUR 110 millionJul 2022[48] Life science consulting and technology
InSemiBangaloreRs 280 croreJan 2024[49] Semiconductor design services
in-techGermanyEUR 450 millionApr 2024[50] Engineering R&D services

Listing and shareholding pattern

In India, Infosys shares are listed on the BSE, where it is a part of the BSE SENSEX, and on the NSE, where it is included in the NIFTY 50 index.[51] Infosys also trades its shares through American depositary receipts (ADRs) on the New York Stock Exchange.[52]

Over the years, the shareholding of Infosys's promoters has steadily decreased. This trend began in June 1993, when Infosys first listed its shares. The promoter holdings further declined when Infosys became the first Indian-registered company to list Employee Stock Options Schemes and ADRs on NASDAQ on 11 March 1999.[53]

Infosys shareholding and stakeholders pattern (as of 31 March 2024)[54] ! Shareholders !! Shareholding
14.61%
Foreign institutional investors (FII) 32.74%
Domestic institutional investors (DII) 37.59%
Public 14.81%
Others 0.25%
Total 100.00%

Operations

Geographical presence

As of 31 March 2024, Infosys operates 94 sales and marketing offices and 139 development centers globally. The company's operations are spread across key regions, including India, the United States, Canada, China, Australia, Japan, the Middle East, and Europe.

In the fiscal year 2023-2024, Infosys generated approximately 61% of its revenue from North America, 25% from Europe, 3% from India, and 11% from other regions, including the Middle East, Australia, and Japan.

Infosys faced scrutiny following the invasion of Ukraine on 24 February 2022. The company clarified that it had no active relationships with Russian firms.[55] [56] By November 2022, only administrative staff remained, handling the transfer of contracts to other contractors.[57]

Employees

As of 31 March 2024, Infosys employed a total of 343,234 people, commonly referred to as "Infoscions," with 40.1% of them being women.[58] Of this workforce, 302,850 are software professionals, while the remaining 40,384 are engaged in support and sales roles. In 2023, 85% of Infosys' employees were located in India.[59]

During the fiscal year 2024, Infosys received 3,025,412 applications from prospective employees, interviewed 225,678 candidates, and made a gross addition of 127,876 employees, reflecting a hiring rate of approximately 4.2%. These figures exclude its subsidiaries.[60]

In its Q3FY24 results, announced in January, Infosys reported an attrition rate of 19.7%, down from 21.5% in the previous quarter. The company also announced plans to hire 60,000 new graduates for FY24 as part of its global graduate hiring initiative.[61]

Training centre in Mysore

As the world's largest corporate university, the Infosys Global Education Centre, located on a 337-acre[62] campus, features 400 instructors and over 200 classrooms,[63] adhering to international benchmarks. Established in 2002, it had trained approximately 125,000 engineering graduates by June 2015. The centre can accommodate and train up to 14,000 employees at any given time across various technologies.[64]

The Infosys Leadership Institute (ILI), located in Mysore, features 196 rooms and trains approximately 4,000 trainees annually.[65] Its primary objective is to cultivate and develop senior leaders within Infosys, preparing them for both current and future executive roles.

Additionally, the Infosys Training Centre in Mysore offers a range of extracurricular facilities, including tennis courts, badminton and basketball courts, a swimming pool, a gym, and a bowling alley. The campus also features an international-standard cricket ground, approved by the BCCI.

CEOs

From its establishment in 1981 until 2014, Infosys' CEOs were its founders, with N. R. Narayana Murthy leading the company for the initial 21 years. Dr. Vishal Sikka was the first external CEO, serving for approximately three years.[66] [67] [68] Sikka resigned in August 2017. Following his departure, UB Pravin Rao was appointed as Interim CEO and Managing Director of the company.[69] Infosys appointed Salil Parekh as Chief Executive Officer (CEO) and Managing Director (MD), effective from 2 January 2018.[70] [71]

List of CEOs
NamePeriod
N. R. Narayana Murthy1981 to March 2002
Nandan NilekaniMarch 2002 to April 2007
Kris GopalakrishnanApril 2007 to August 2011
S. D. ShibulalAugust 2011 to July 2014
Vishal SikkaAugust 2014 to August 2017
U. B. Pravin Rao (interim)August 2017 to December 2017
Salil ParekhJanuary 2018 onwards[72]

Awards and recognition

Controversies

Settlement of tax fraud in the US

In December 2019, the Attorney General of California, Xavier Becerra, announced an $800,000 settlement involving Infosys and its BPM (Business Process Management) subsidiary. Between 2006 and 2017, nearly 500 Infosys employees were found to be working in the state on Infosys-sponsored B-1 visas instead of the required H-1B visas, according to an official statement on the State of California’s website.[88] [89]

This misclassification enabled Infosys to avoid paying California payroll taxes, including unemployment insurance, disability insurance, and employment training taxes.[90] [91]

Accusation of visa fraud in the US

In 2011, Infosys was accused of visa fraud for using B-1 (visitor) visas for work that required H-1B (work) visas. The allegations originated from an internal complaint by an American employee of Infosys, who subsequently filed a lawsuit against the company, claiming harassment and marginalization after raising the issue. Although the lawsuit was dismissed,[92] along with another similar case,[93] [94] [95] these allegations were brought to the attention of U.S. authorities, leading to investigations by the U.S. Department of Homeland Security and a federal grand jury.[96]

In October 2013, Infosys agreed to settle the civil suit with U.S. authorities by paying $34 million. While the company did not admit guilt, it stated that it settled to avoid the complications of "prolonged litigation".[97] Infosys asserted that, "As reflected in the settlement, Infosys denies and disputes any claims of systemic visa fraud, misuse of visas for competitive advantage, or immigration abuse. Those claims are untrue and are assertions that remain unproven."[98]

Malfunctioning government portals

In 2013, technical issues emerged after Infosys took over the MCA21 portal from Tata Consultancy Services.[99] [100] Similar problems arose in 2016 after a system migration and version update.[101] [102]

In 2020, the finance ministry identified glitches in the GSTN portal, leading to a summons for Infosys executives.[103] [104] In 2022, chartered accountants and tax professionals raised concerns over technical issues with the GSTN portal.[105] [106]

In 2021, the newly launched Income Tax portal, developed by Infosys, encountered multiple glitches. Despite a summons for Infosys CEO Salil Parekh, the issues remained unresolved for months, forcing an extension of the tax filing deadline.[107] [108] In 2022, users continued to report malfunctions and issues on the first anniversary of the portal's launch.[109] [110] [111]

See also

Notes and References

  1. News: Infosys appoints Salil S. Parekh as CEO and Managing Director. The Economic Times . 2 December 2017. https://web.archive.org/web/20171202161427/https://economictimes.indiatimes.com/news/company/corporate-trends/infosys-appoints-salil-s-parekh-as-ceo-and-managing-director/articleshow/61892804.cms. 2 December 2017. live.
  2. Web site: Consolidated Financial Data - Fourth Quarter, Fiscal 2024 . Infosys . 20 April 2024.
  3. Web site: Infosys Consolidated Profit & Loss account, Infosys Financial Statement & Accounts. 13 April 2023. www.infosys.com.
  4. News: In a first, IT services major Infosys sees a drop in net headcount . 20 April 2024 . Business Standard.
  5. Web site: Results for the Fourth Quarter and Year ended March 31, 2020. Infosys Ltd. 13 April 2018. https://web.archive.org/web/20190413041521/https://www.infosys.com/investors/reports-filings/quarterly-results/2018-2019/Q4/Documents/fact-sheet.pdf. 13 April 2019. live.
  6. Web site: Infosys Overview. Infosys. 17 August 2024.
  7. News: Infosys becomes 4th Indian company to touch $100 bn market cap. The Times of India. 2021-08-25.
  8. Web site: Salil. K.. 2021-08-24. Infosys becomes fourth Indian company to reach market cap of $100 billion. 2021-08-31. The Federal.
  9. Web site: Major events in the history of Infosys . Rediff.com Business . 17 August 2024 . https://web.archive.org/web/20171007171414/http://www.rediff.com/business/slide-show/slide-show-1-tech-major-events-in-the-history-of-infosys/20130602.htm#1 . 7 October 2017 . live .
  10. Web site: Company History of Infosys . Moneycontrol.com . 7 October 2017 . https://web.archive.org/web/20171007171610/http://www.moneycontrol.com/company-facts/infosys/history/IT#IT . 7 October 2017 . live .
  11. Web site: 2023-10-12 . Not Just Narayana Murthy, Here's The Untold Story Of Infosys' Six Other Co-Founders . 17 August 2024 . IndiaTimes .
  12. Web site: About Infosys . Infosys . 17 August 2024 . https://web.archive.org/web/20130927071331/http://www.infosys.com/about/Pages/history.aspx . 27 September 2013 . live .
  13. Web site: Infosys Technologies Bio . in.com . 7 July 2013 . https://web.archive.org/web/20130722234644/http://www.in.com/infosys-technologies/biography-1818.html . 22 July 2013 . dead.
  14. Web site: Equity Shares Information . Infosys . 17 August 2024 . https://web.archive.org/web/20130622152112/http://www.infosys.com/investors/investor-services/Pages/FAQs.aspx . 22 June 2013 . dead .
  15. Web site: Infosys to shift listing of ADS to NYSE Euronext from Nasdaq. Infosys. 30 November 2012. 17 August 2024. https://web.archive.org/web/20171007000000/http://201710071s.indiatimes.com/tech/ites/infosys-to-shift-listing-of-ads-to-nyse-euronext-from-nasdaq/articleshow/17430643.cms. 7 October 2017. live.
  16. Web site: British Prime Minister David Cameron's speech at Infosys in India. 17 August 2024. Gov.uk.
  17. News: Services: The next big thing . The Economist . 19 January 2013 . 17 August 2024 . https://web.archive.org/web/20130627100022/http://www.economist.com/news/special-report/21569576-developed-countries-are-beginning-take-back-service-industry-jobs-too-next-big . 27 June 2013 . live .
  18. Web site: Infosys.com . Infosys to expand its U.S. operations with a new Delivery Center in Wisconsin . 17 August 2024 . https://web.archive.org/web/20131101071446/http://www.infosys.com/newsroom/press-releases/Documents/2012/delivery-center-wisconsin.pdf . 1 November 2013 . live .
  19. News: Edgeverve is born. 17 August 2024. Business Standard. 17 November 2014. https://web.archive.org/web/20151222130629/http://wap.business-standard.com/article/companies/infy-s-edgeverve-moves-out-of-parent-s-shadow-114111700414_1.html. 22 December 2015. live.
  20. News: Finacle joins Edgeverve. 17 August 2024. Business Standard. 5 September 2015. https://web.archive.org/web/20151222104502/http://www.business-standard.com/article/companies/we-want-to-be-india-s-top-employer-for-products-michael-reh-115090500596_1.html. 22 December 2015. live.
  21. Web site: Annual Reports From 1993 Onwards - Investors . 17 August 2024 . Infosys.
  22. Web site: Infosys launches Aster for AI-powered marketing for business growth . 17 August 2024 . Business Standard.
  23. News: Infosys realigns organisation structure. The Financial Express. 16 February 2015. 4 March 2015. https://web.archive.org/web/20150219080055/http://www.financialexpress.com/article/companies/infosys-realings-organisation-structure/39490/. 19 February 2015. dead.
  24. Web site: Infosys Cobalt: Cloud-Based Enterprise Transformation Services. 17 August 2024. www.infosys.com.
  25. Web site: Enhance Business Value With Digital Engineering Services Infosys. www.infosys.com. 17 August 2024.
  26. Web site: Digital Marketing Services – Enhance Customer Relationship Infosys. www.infosys.com. 17 August 2024.
  27. Web site: Blockchain Services & Technology Offerings by Infosys . 17 August 2024 . www.infosys.com.
  28. Web site: Infosys to buy Australian firm Expert for $22.9 m . The Hindu . 19 December 2003 . 7 October 2017 . https://web.archive.org/web/20090921224359/http://www.thehindubusinessline.com/2003/12/19/stories/2003121902640100.htm . 21 September 2009 . live .
  29. Web site: Infosys Media Release – Infosys announces agreement to acquire Expert . Infosys . 18 December 2003 . 7 October 2017 . https://web.archive.org/web/20170708043353/https://www.infosys.com/australia/news/Documents/infosys-acquires-expert.pdf . 8 July 2017 . live .
  30. Web site: Infosys BPO to acquire US company McCamish . Deccan Herald . 12 November 2009 . 7 October 2017 . https://web.archive.org/web/20150924044310/http://www.deccanherald.com/content/35543/F . 24 September 2015 . live .
  31. Web site: Infosys BPO looking for buyouts to double its revenues to $1 bn . The Economic Times . 17 July 2012 . 7 October 2017 . https://web.archive.org/web/20171007074510/http://economictimes.indiatimes.com/tech/ites/infosys-bpo-looking-for-buyouts-to-double-its-revenues-to-1-bn/articleshow/15009715.cms . 7 October 2017 . live .
  32. Web site: Infosys BPO to buy Australia's Portland Group . Business Line . 20 December 2011 . 7 October 2017.
  33. Web site: Infosys acquires Swiss firm Lodestone for Rs. 1,925 crore . The Hindu . 10 September 2012 . 22 June 2013 . https://web.archive.org/web/20130927134254/http://www.thehindu.com/business/infosys-acquires-swiss-firm-lodestone-for-rs1925-crore/article3880535.ece . 27 September 2013 . live .
  34. Web site: Infosys buys automation technology startup Panaya, deal valued at Rs 1200 crore . The Economic Times . 17 February 2015 . 7 October 2017 . https://web.archive.org/web/20171007122812/http://economictimes.indiatimes.com/tech/ites/infosys-buys-automation-technology-startup-panaya-deal-valued-at-rs-1200-crore/articleshow/46258808.cms . 7 October 2017 . live .
  35. News: Infosys' $200 million Israeli software company Panaya is in the eye of the storm . The Economic Times . 7 October 2017 . https://web.archive.org/web/20171004143046/http://economictimes.indiatimes.com/tech/ites/infys-200-m-israeli-software-panaya-the-eye-of-the-storm/articleshow/57116308.cms . 4 October 2017 . live . Mahalingam . T. V. . Mendonca . Jochelle . Balasubramanyam . K. R. . Talgeri . Kunal .
  36. Web site: Infosys Completes Acquisition of Skava . Infosys Limited . 4 June 2015 . 7 October 2017 . https://web.archive.org/web/20170708052706/https://www.infosys.com/newsroom/press-releases/Pages/completes-skava-acquisition.aspx . 8 July 2017 . live .
  37. Web site: Infosys completes Skava acquisition for $120 million . The Economic Times . 4 June 2015 . 7 October 2017 . https://web.archive.org/web/20171007123357/http://economictimes.indiatimes.com/tech/ites/infosys-completes-skava-acquisition-for-120-million/articleshow/47539280.cms . 7 October 2017 . live .
  38. News: Infosys completes acquisition of Noah Consulting . The Economic Times . 3 February 2017 . https://web.archive.org/web/20170207075428/http://economictimes.indiatimes.com/tech/ites/infosys-completes-acquisition-of-noah-consulting/articleshow/49844733.cms . 7 February 2017 . live .
  39. Web site: Infosys is reaching for the sky with holistic automation strategy . Horses for Sources . 26 April 2017 . 20 June 2019 . https://web.archive.org/web/20190620100614/https://www.horsesforsources.com/Infosys-reaching-sky-holistic-automation-strategy_042117 . 20 June 2019 . live .
  40. Web site: Infosys completes Brilliant Basics acquisition . Money Control . 11 September 2017 . 7 October 2017 . https://web.archive.org/web/20171007120006/http://www.moneycontrol.com/news/business/infosys-completes-brilliant-basics-acquisition-2384159.html . 7 October 2017 . live .
  41. Web site: Infosys Consulting buys Finnish Salesforce partner Fluido Oy for €65 million . Consultancy.eu . 17 September 2018 . 20 June 2019 . https://web.archive.org/web/20190620094745/https://www.consultancy.eu/news/1791/infosys-consulting-buys-finnish-salesforce-partner-fluido-oy-for-65-million . 20 June 2019 . live .
  42. Web site: Wongdoody Joins Infosys. wongdoody.com. 15 January 2019. https://web.archive.org/web/20190116045807/http://www.wongdoody.com/work/wongdoody-joins-infosys/. 16 January 2019. dead.
  43. Web site: Zacks. Publisher. Infosys Ups the Ante in Mortgage Servicing With Stater Buyout. 29 September 2020. NASDAQ.
  44. News: Mendonca . Jochelle . Infosys to pay as much as $250 million for Simplus acquisition . 17 August 2024 . The Economic Times . 11 February 2020.
  45. News: Infosys to acquire US-based firm Kaleidoscope for $42 mn. The Economic Times. 29 September 2020.
  46. News: Czech-based GuideVision joins consulting arm of Infosys. Consultancy.eu. 30 September 2020.
  47. News: Infosys to acquire German digital marketing firm Oddity for Euro 50 mn. 22 March 2022.
  48. News: Ishwarbharath . Sai . 2022-07-13 . Infosys to acquire BASE life science for €110 million . The Economic Times . 2023-12-07 . 0013-0389.
  49. Web site: Infosys Acquires Leading Semiconductor Design Services Provider, InSemi for Rs 280 Crore . ibmot . 13 January 2024 . 13 January 2024.
  50. News: Infosys to acquire 100% stake in German firm in-tech for €450 million - CNBC TV18 . 17 August 2024 . CNBCTV18 . 18 April 2024 . en.
  51. Web site: Stock Share Price Get Quote BSE . www.bseindia.com . 17 August 2024.
  52. News: Selina . Hossain . Infosys Q4 results: Profit rises 6% to Rs 4,321 crore; firm suspends guidance . 9 May 2020 . The Economic Times . 20 April 2020.
  53. News: Ramesh . Bangalore-based software firm Infosys becomes first Indian company to list on Nasdaq . India Today . 29 March 1999 . 9 March 2018 . https://web.archive.org/web/20180310010640/https://www.indiatoday.in/magazine/guest-column/story/19990329-bangalore-based-software-firm-infosys-becomes-first-indian-company-to-list-on-nasdaq-780532-1999-03-29 . 10 March 2018 . live .
  54. Web site: Infosys shareholdings: Find Infosys Shareholding Pattern and Ownership . 16 August 2024 . Infosys.com .
  55. Web site: Rishi Sunak faces questions over wife Akshata Murty's non-dom tax status . . 2022-03-25 . 2022-04-07.
  56. Web site: 2022-06-26 . Infosys has team of less than 100 in Russia, transitioning them outside: CEO Parekh . 2022-12-13 . Business Today .
  57. Web site: 2022-11-04 . Infosys still operating from Russia eight months after saying it was pulling out . 2022-12-13 . .
  58. Web site: Ltd.. Infosys. April 2024. Infosys Annual Report FY23-24. 2024-08-17. Infosys. infosys.com.
  59. News: Infosys net profit, revenue beat expectations. The Economic Times. 2024-08-17.
  60. Web site: Infosys. Infosys Annual Report FY23-24. 2024-08-17. Infosys.
  61. News: Infosys Q3FY24 Results. The Economic Times. 2024-08-17.
  62. Web site: Infosys campus reflects commitment to a greener world . Infosys . 9 September 2013 . dead . https://web.archive.org/web/20130927071333/http://www.infosys.com/sustainability/green-innovation/Pages/mysore-campus.aspx . 27 September 2013.
  63. News: Infosys has trained 100,000 graduates at Mysore campus . Mathrubhumi . 1 June 2012 . 9 September 2013 . dead . https://web.archive.org/web/20130928180432/http://www.mathrubhumi.com/english/story.php?id=124351 . 28 September 2013.
  64. Web site: Infosys builds world's biggest training centre in Mysore . Mysore Samachar . 9 September 2013 . 2024-08-17 . https://web.archive.org/web/20130922195511/http://www.mysoresamachar.com/info_trg_cent.htm . 22 September 2013 . live .
  65. News: Infy plans biggest training centre . The Economic Times . 18 June 2004 . 2024-08-17 . https://web.archive.org/web/20131110165403/http://articles.economictimes.indiatimes.com/2004-06-18/news/27400436_1_training-centre-mysore-employee-care-centre . 10 November 2013 . live .
  66. Web site: Infosys Names Vishal Sikka First External CEO; Chairman Murthy to Step Down. NDTV Gadgets. 12 June 2014 . 2024-08-17. https://web.archive.org/web/20150703035326/http://gadgets.ndtv.com/others/news/infosys-names-vishal-sikka-as-first-external-ceo-540106?pfrom=home-rightnow. 3 July 2015. live.
  67. Web site: Infosys to appoint Dr. Vishal Sikka as Chief Executive Officer & Managing Director . Infosys Limited . 2024-08-17 . https://web.archive.org/web/20150703043913/http://www.infosys.com/newsroom/press-releases/Pages/ceo-announcement.aspx . 3 July 2015 . live .
  68. News: Infosys to pay its CEO Vishal Sikka Rs. 30 Crores annually. Indo-Asian News Service. news.biharprabha.com. 2024-08-17. https://web.archive.org/web/20140707050759/http://news.biharprabha.com/2014/07/infosys-to-pay-its-ceo-vishal-sikka-rs-30-crores-annually/. 7 July 2014. live.
  69. News: vishal-sikka-resigns-as-md-ceo-of-infosys. The Economic Times . 2024-08-17. https://web.archive.org/web/20170820054852/http://economictimes.indiatimes.com/markets/stocks/news/vishal-sikka-resigns-as-md-ceo-of-infosys/articleshow/60113175.cms. 20 August 2017. live. Mandavia . Megha .
  70. Web site: Ten Things to Know About Salil S Parekh, the new Infosys CEO and MD | Upcoming IPO Calendar . 3 December 2017 . 4 December 2017 . https://web.archive.org/web/20171204041633/http://www.upcomingipocalendar.com/ten-things-to-know-about-salil-s-parekh-the-new-infosys-ceo-and-md/ . dead .
  71. News: Infosys appoints Capgemini's Salil Parekh as MD & CEO. The Times of India. 2024-08-17. https://web.archive.org/web/20171203055511/https://timesofindia.indiatimes.com/business/india-business/infosys-appoints-capgeminis-salil-parekh-as-md-ceo/articleshow/61893756.cms. 3 December 2017. live.
  72. News: Salil S Parekh to take over as CEO and MD of Infosys. . 2 December 2017 . 2 December 2017. https://web.archive.org/web/20171203020358/https://timesofindia.indiatimes.com/business/india-business/salil-s-parekh-to-take-over-as-ceo-and-md-of-infosys/articleshow/61892876.cms. 3 December 2017. live.
  73. Web site: Infosys Positioned as a Leader in The Forrester Wave™ Application Modernization and Migration Services, Q3 2021. 2024-08-17. www.infosys.com.
  74. Web site: Infosys Positioned as a Leader in Gartner Magic Quadrant for Data and Analytics Services 2021. 2024-08-17. www.infosys.com.
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  78. Web site: Winners of the 2019 UN Global Climate Action Awards Announced. unfccc.int. 2024-08-17.
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  88. Web site: 17 December 2019. Attorney General Becerra Announces $800,000 Settlement Against Infosys for Misclassification of Foreign Workers and Tax Fraud. 23 October 2020. State of California – Department of Justice – Office of the Attorney General.
  89. News: 18 December 2019. Infosys to Settle Visa Violation Case in California for $800,000. The Hindu. 23 October 2020. 0971-751X.
  90. Web site: 19 December 2019. Shilpa. Phadnis. Infosys Pays California $800,000 to Settle Visa Case. 23 October 2020. The Times of India.
  91. Web site: 18 December 2019. Infosys to Pay $800,000 to Settle Worker Misclassification, Tax Fraud Charges. 23 October 2020. The Times of India.
  92. News: Judge Dismisses Infosys Suit. The New York Times. 20 August 2012. 29 October 2012. Julia. Preston. https://web.archive.org/web/20121021012506/http://www.nytimes.com/2012/08/21/us/alabama-judge-dismisses-infosys-whistle-blower-suit.html. 21 October 2012. live.
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  94. http://www.deccanherald.com/content/271636/infosys-slashed-80-my-portfolio.html Infosys Slashed 80% of My Portfolio
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  97. News: Infosys to Pay $34m Fine Within 10 Days; Settlement Not to Affect Future Visas. 31 October 2013. 2 November 2013. https://web.archive.org/web/20131103021546/http://articles.timesofindia.indiatimes.com/2013-10-31/software-services/43558764_1_b-1-visas-bangalore-based-infosys-infosys-statement. 3 November 2013. The Times of India. dead.
  98. News: Infosys Settles Visa Fraud Investigation, Pays $34m. 30 October 2013. 2 November 2013. https://web.archive.org/web/20131102080442/http://articles.timesofindia.indiatimes.com/2013-10-30/software-services/43526427_1_infosys-visa-programmes-immigration-abuse. 2 November 2013. The Times of India. dead.
  99. News: MCA Portal Cripples After Switching Vendor from TCS to Infosys on January 17. 10 July 2024. The Economic Times.
  100. Web site: 2021-06-22. Infosys Earlier Drew Flak for MCA21, GSTN Portal 'Issues'. 2022-10-30. The Indian Express.
  101. News: MCA21 Woes: Corporate Affairs Ministry Might Deduct Payments to Infosys. 10 July 2024. The Hindu. 26 April 2016. en-IN.
  102. News: Why the MCA21 Portal Is a Pain to Use. 10 July 2024. Mint.
  103. News: FinMin Flags 17 'Areas of Dissatisfaction' with Infosys-Designed GSTN. 10 July 2024. Business Standard.
  104. News: GST Glitches: Top Infosys Executives Get Summons from Finance Ministry. 10 July 2024. The Times of India. 31 January 2020.
  105. Web site: 2022-10-21. Slow GST Portal: September Returns Filing Due Date May Be Extended. 2022-10-30. Zee Business.
  106. Web site: GST at 5: Accountants Still Confront Major Issues in Filing Returns. 2022-10-30. Moneycontrol. 27 June 2022.
  107. News: Finance Ministry Summons Infosys CEO Again on Tax Portal Glitches. 10 July 2024. The Hindu Businessline.
  108. News: CBDT Extends Due Date for Filing of IT Returns for AY 2021-22 Till December 31. 10 July 2024. Hindustan Times. 9 September 2021. en.
  109. News: Income Tax Portal Develops Snag on First Anniversary, Govt Asks Infosys to Look into Issue. The Economic Times. 2022-10-30.
  110. Web site: 2022-07-03. Taxpayers Facing Issues in Accessing Income Tax Dept Portal; Infosys Reacts. 2022-10-30. HT Tech.
  111. Web site: 2022-06-08. Infosys' I-T Portal Continues to Experience Glitch Issues Since Its Launch in June 2021. 2022-10-30. News18.

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