History of Infosys: How Did a Global IT Giant Reach $94.43 Billion?

In IT, very few companies have a history as rich and inspiring as Infosys. From a modest start-up in 1981 to becoming a global IT giant worth $94.43 billion, Infosys has a story that inspires innovation and perseverance. Interesting, isn’t it? Well, what’s even more impressive is the incredible history of Infosys.

We all know that Infosys began as a small venture with big dreams, and today, it stands tall as a symbol of technological excellence. In this blog, you will learn how seven engineers with a vision turned Infosys into a billion-dollar enterprise. Excited? So, let’s trace the incredible growth of Infosys from a start-up in Pune to a leader in the global IT industry.

Firstly, let’s quickly look into the brief history of Infosys

Infosys was founded on July 2, 1981, by seven visionary engineers in Pune, Maharashtra, India. These leaders included N. R. Narayana Murthy, Nandan Nilekani, N. S. Raghavan, S. Gopalakrishnan, S. D. Shibulal, K. Dinesh, and Ashok Arora. However, with an initial capital of just $250, they launched a mission to create a world-class IT services company.

However, in 1983, Infosys relocated its headquarters to Bangalore, Karnataka. The company’s innovative Global Delivery Model, which combined on-site consulting with offshore development, revolutionized the industry. Interestingly, Infosys became the first Indian company, listed on NASDAQ (National Association of Securities Dealers Automatic Quotation System) in 1999, marking a noteworthy milestone in the history of Infosys.

And, by 2004, Infosys achieved a noteworthy accomplishment! Its annual revenue crossed the $1 billion mark (approximately ?3,564.5 crore). However, this achievement highlighted the company’s rapid growth and influence in the global IT world. Therefore, this way Infosys marked its position as a billion-dollar company.

Now let’s understand the extraordinary impact of Infosys on the IT industry

Infosys played a key role in establishing India as a hub for software services talent. Furthermore, the Global Delivery Model allowed clients worldwide to benefit from cost-effective, high-quality IT solutions. Other companies followed suit, contributing to India’s emergence as a global outsourcing destination.

Also, Infosys introduced an employee stock options program, creating India’s first salaried millionaires. This move empowered employees and encouraged a culture of ownership and innovation.

Indeed, Infosys consistently ranks among the World’s Most Ethical Companies by Ethisphere. However, its commitment to ethical business practices has earned it global recognition. Additionally, Infosys is a trusted brand, both in India and internationally.

Read Here: https://www.businessapac.com/history-of-infosys/