While Covid has been a colossal human tragedy, Nilekani believes the economic forces unleashed by the pandemic also represent a potentially vast business opportunity for India. When he joined Infosys in the Indian city of Pune in 1981, the firm had just $250 of starting capital. [14], Its shares were listed on the Nasdaq stock exchange in 1999 as American depositary receipts. Shibulal, Board decides to increase the dividend pay-out ratio to up to 40% of post-tax profits, Cash and cash equivalents (including available-for-sale financial assets and certificates of deposit) cross US$5 billion, Infosys Board appoints N. R. Narayana Murthy as Executive Chairman of the Board, Infosys begins trading on NYSE Euronext London and Paris markets, Infosys Edge™ wins the NASSCOM Business Innovation Award for 2013, Infosys presented with ‘2013 Environmental Tracking Carbon Ranking Leader’ award, Infosys acquires Lodestone Holding AG, a leading management consultancy based in Switzerland, Forbes ranks Infosys among the world's most innovative companies, Infosys among top 25 performers in Caring for Climate Initiative, N. R. Narayana Murthy hands over chairmanship to K.V. The Telegraph values your comments but kindly requests all posts are on topic, constructive and respectful. Like other big companies Infosys was forced to adapt quickly to an extraordinary situation. [24], In December 2016, he joined a committee to investigate how people in India could use digital payments to a greater extent. [12], An initial public offering (IPO) was floated in February 1993 with an offer price of ₹95 (equivalent to ₹550 or US$7.80 in 2019) per share against a book value of ₹20 (equivalent to ₹120 or US$1.60 in 2019) per share. Murthy served as the CEO of Infosys from 1981 to 2002, and then became the chairman of the board from 2002 to 2006. [64], In 2011, Infosys was accused of committing visa fraud by using B-1 (visitor) visas for work requiring H-1B (work) visas. He continues as Chairman and Chief Mentor of Infosys, Records the largest international equity offering of US$1 billion from India, Establishes subsidiaries in China and Australia, Expands operations in Pune and China, and sets up a development center in Thiruvananthapuram, Nandan M. Nilekani takes over as CEO from N.R. “I don’t think it’s fair,” he says. In April 2018 Infosys announced expanding in Indianapolis, Indiana. The seven founders of Infosys includes N.R. [5] After a successful career at Infosys, he headed the Government of India's technology committee, TAGUP. He dismisses the view that Aadhaar shows India is moving in the same direction as China in its use of tech for surveillance and social control. [52] It can train 14,000 employees at a given point of time on various technologies.[53][54]. Nandan M. Nilekani. In 2020, Infosys was ranked No. [16] Today, with 240,000 employees in 40 countries, Infosys has a blue chip client list that includes many of the world’s biggest companies – from HSBC to Goldman Sachs and Cisco Systems to Rio Tinto. Narayana Murthy, who is appointed Chairman and Chief Mentor, Opens offices in the Netherlands, Singapore and Switzerland, Infosys and the Wharton School of the University of Pennsylvania set up The Wharton Infosys Business Transformation Awards (WIBTA), Launches Progeon, offering business process outsourcing services, Touches revenues of US$400 million.