Company Background - Infosys Technologies

Infosys technologies limited, is a public limited and India's second largest software exporter company incorporated in the year 1981 as Infosys consultants private limited by Mr.N.R.Narayana Murthy at karnataka, who is chairman and chief mentor of the company. It became public limited company in the year 1992. It has received CMM-5 status and it functioning collaborated with ANALOG DEVICES INC of USA. Infosys is a groundbreaking company in the field of information technology and it enjoys the privilege of being a dept free company. It's only the company to be part of the major global index. Company offers the services of consulting, process re-engineering, modular global sourcing and Business Process Outsourcing services. It has developed finacle, a universal banking solution to large and medium size banks across India and oversees. The company has entered in marketing and technical alliance with FileNet, IBM, Intel, Microsoft, Oracle and System Application Products. Infosys is listed in BSE, NSE and NASDAQ.

Infosys, the country's second-biggest IT/ITES services companies, which was the first Indian company to be listed on the NASDAQ at the year 1999. Infosys also forms a part of the NASDAQ-100 index. Continuously the year 2001, 2002 and 2003 company wins the National award for excellence in corporate governance conferred by the Govt of India. In the year 2003 it acquired Expert Information Services in Australia for $22.9 million. Its has five wholly owned subsidiaries namely as Infosys technologies China, Infosys technologies Australia, Infosys consultancy INC, Infosys BPO SRO and Infosys BPO Ltd previously known as progeon. CRISIL assigned the " CRISIL GVC level 1" rating for corporate governance. In the year 2004 company crosses US $ 1 billion in revenue. 2005 was the year the largest international equity offering of US $ 1 billion from India by Infosys and in 2006 company celebrated 25th year. Infosys selected as 'Best Outsourcing Partner' by the readers of Waters, a publication covering the needs of chief information officers in the capital market firms. In 2007 it increased stake value in progeon to 98.9 % after acquiring shares from Citicorp International Financial Company and a subsequent buy back offer to its share holders. Infosys had taken over Philips' finance and administration business process outsourcing (BPO) centers spread across India, Poland and Thailand for $28 million. A Finacle from Infosys completes Phase 1 of implementation in Stroyvestbank subsidiary structure of URALSIB BANK.

Infosys Technologies has 47% of core business assets stagnating. The company scanning the markets of Europe and Japan for acquisitions in the price band of $200-$300 million to energies its non-linear business strategy as well as to expand its geographic reach. Infosys set up various Special Economic Zone that for the company has an additional tax benefit. It set up another Special Economic Zone unit in Chandigarh which will be eligible for 100 % deduction of profit from exports tax calculation for the first five years followed by 50% deduction for next five years. Infosys has been pursuing its expansion plans over the past few years. As of March 2007 it has a capital expenditure commitment of Rs 655 crs, it is in the process of expanding its operations by adding amount 32,967 seats to its completed 58.488 seats. The entire capital expenditure was funded out of internal cash flows. The future enhancement of the company is to emerge the developing economies changing the business landscape with help of accessible talent pools and the adoption of non-linear growth model, it is a long term strategy. Infosys Technologies Ltd has partnered with ACDI/VOCA for promotes broad-based economic growth and to develop information and communication technology- enabled application to improve efficiencies in the agro supply chain in India. As of April 2008 the company acquired Internet Protocal (IP) from an Australian company to add more functionality to finacle. The IP, that provides a comprehensive set of financial tools to company'