Last Updated on Jun 22, 2021 by Aradhana Gotur

Did you know that Infosys receives more than 20 lakh job applications every year? This is more than the population of 95% of the individual cities in India. Here are 10 mind-blowing facts highlighting the journey of Infosys.

This article covers:

Fact No. 1: Started with a loan

In 1981, Narayana Murthy borrowed Rs 10,000 from his wife to start Infosys with 6 of his colleagues from his past employer, Patni Computer Systems. Although the registered office was N S Raghavan’s house, the front room of Narayana Murthy’s home became their first office.

Fact No. 2: An IT company without a computer for 2 yrs

Until 1983, Infosys did not have a computer. Murthy could not afford to import Data General 32-bit MV8000, a computer that he liked. It took them almost 2 yrs to get a computer.

Fact No. 3: First employee at Infosys

Knowing that Narayana Murthy is one of the founders of Infosys Ltd, you might think he was the first employee. In fact, N S Raghavan was the first employee. Murthy took about a year to finish all his tasks at Patni Computer Systems and then join Infosys.

Fact No. 4: Rising from a shutdown crisis

In 1989, Infosys’ joint venture with a US partner Kurt Salmon Associates collapsed. During the same time, one of the co-founders, Ashok Arora, quit. Hence, Narayana Murthy stepped in and took charge of the company. The rest of the co-founders stuck with him till the end. No one had an idea that Infosys Ltd would become an IT service giant.

Fact No. 5: The undersubscribed IPO

When the country was still trying to recover from the biggest financial scam of 1992, Infosys risked going public in 1993. Its IPO was 13% undersubscribed. However, the company has generated manifold returns for its investors. For instance, if you had bought 100 shares in 1993, you would hold 10,24,000 shares today considering the share splits and bonus shares announced so far. In terms of value, Rs 9,500 invested (Rs 95 per share) in 1993 would have become ~Rs 1,500 lakh today when the current market price is ~Rs 1,470.

Fact No. 6: Getting listed on NASDAQ

In 1999, Infosys Limited’s revenue touched $100 mn and became the first Indian IT company to get listed on NASDAQ, a global electronic marketplace for buying and selling securities. At the time, Infosys was among the 20 biggest companies by market capitalization on NASDAQ.

Fact No. 7: Subsidiary caters to a billion people with only 1 product

Finacle, a wholly-owned subsidiary of Infosys Ltd, is an industry-leading digital banking solution from EdgeVerve Systems. It is used by banks in over 100 countries across the world catering its services to more than a billion consumers and about 1.3 bn accounts. ICICI Bank is one of its clients.

Fact No. 8: A massive training centre at Mysore

The Infosys Global Education centre in Mysore has more than 200 classrooms, 400 instructors, a gym, a swimming pool, a multiplex, and much more that is spread over 370 acres of land. It is the largest in the world.

Fact No. 9: A huge empire

With their presence in 46 countries, 40 yrs of experience, more than Rs 90,000 cr in revenue, Infosys Limited has built a huge empire. It has a market capitalization of over Rs 5 lakh cr, which makes it the 4th largest company in India. It was even ranked number 3 on the 2019 Forbes ‘World’s Best Regarded Companies’ list. 

Fact No. 10: Giving back to the society

Infosys Foundation has been involved in building over 2,500 houses in flood-affected areas, more than 15,000 restrooms, over 60,000 libraries, and provided food to 1.4 mn school children. Apart from this, to elevate the prestige of science & research in India, the foundation annually gives an award to honour outstanding achievements with a prize of Rs 73 lakh.

1 Comment
Inline Feedbacks
View all comments
55,00,000+ users trust Tickertape for Investment Analysis!
55,00,000+ users trust Tickertape for Investment Analysis!

The blog posts/articles on our platform are purely the author’s personal opinion and do not necessarily represent the views of Anchorage Technologies Private Limited (ATPL) or any of its associates. The content in these posts/articles is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, please consult a professional financial or tax advisor. The content on our platform may include opinions, analysis, or commentary, which are subject to change, without notice, based on market conditions or other factors. Further, the use of any third-party websites or services linked on the website is at the user's discretion and risk. ATPL is not responsible for the content, accuracy, or security of external sites. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. The examples and/or securities quoted (if any) are for illustration only and are not recommendatory. Any reliance you place on such information is strictly at your own risk. In no event will ATPL be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

By accessing this platform and its blog section, you acknowledge and agree to the Terms and Conditions of this website, Privacy Policy and Disclaimer.