{"id":2885,"date":"2021-06-16T12:29:01","date_gmt":"2021-06-16T06:59:01","guid":{"rendered":"https:\/\/blog.tickertape.in\/?p=2885"},"modified":"2021-06-22T16:02:45","modified_gmt":"2021-06-22T10:32:45","slug":"facts-about-infosys-%ef%bb%bf","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/facts-about-infosys-%ef%bb%bf\/","title":{"rendered":"10 Facts about Infosys that highlight its journey so far"},"content":{"rendered":"\n<p>Did you know that <a rel=\"noreferrer noopener\" aria-label=\"Infosys (opens in a new tab)\" href=\"https:\/\/www.tickertape.in\/stocks\/infosys-INFY?checklist=basic?ref=blog\" target=\"_blank\">Infosys<\/a> 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.<\/p>\n\n\n\n<p><strong>This article covers:<\/strong><\/p>\n\n\n\n<ul><li><a href=\"#Loan\">Fact No. 1: Started with a loan<\/a><\/li><li><a href=\"#IT\">Fact No. 2: An IT company without a computer for 2 yrs<\/a><\/li><li><a href=\"#1st\">Fact No. 3: First employee at Infosys<\/a><\/li><li><a href=\"#Crisis\">Fact No. 4: Rising from a shutdown crisis<\/a><\/li><li><a href=\"#IPO\">Fact No. 5: The undersubscribed IPO<\/a><\/li><li><a href=\"#NASDAQ\">Fact No. 6: Getting listed on NASDAQ<\/a><\/li><li><a href=\"#Subsidiary\">Fact No. 7: Subsidiary caters to a billion people with only 1 product&nbsp;<\/a><\/li><li><a href=\"#Training\">Fact No. 8: A massive training centre at Mysore<\/a><\/li><li><a href=\"#Empire\">Fact No. 9: A huge empire<\/a><\/li><li><a href=\"#Society\">Fact No. 10: Giving back to the society<\/a><\/li><\/ul>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.tickertape.in\/blog\/facts-about-infosys-%ef%bb%bf\/#Fact-No-1-Started-with-a-loan\" title=\"Fact No. 1: Started with a loan\">Fact No. 1: Started with a loan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.tickertape.in\/blog\/facts-about-infosys-%ef%bb%bf\/#Fact-No-2-An-IT-company-without-a-computer-for-2-yrs\" title=\"Fact No. 2: An IT company without a computer for 2 yrs\">Fact No. 2: An IT company without a computer for 2 yrs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tickertape.in\/blog\/facts-about-infosys-%ef%bb%bf\/#Fact-No-3-First-employee-at-Infosys\" title=\"Fact No. 3: First employee at Infosys\">Fact No. 3: First employee at Infosys<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.tickertape.in\/blog\/facts-about-infosys-%ef%bb%bf\/#Fact-No-4-Rising-from-a-shutdown-crisis\" title=\"Fact No. 4: Rising from a shutdown crisis\">Fact No. 4: Rising from a shutdown crisis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.tickertape.in\/blog\/facts-about-infosys-%ef%bb%bf\/#Fact-No-5-The-undersubscribed-IPO\" title=\"Fact No. 5: The undersubscribed IPO\">Fact No. 5: The undersubscribed IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.tickertape.in\/blog\/facts-about-infosys-%ef%bb%bf\/#Fact-No-6-Getting-listed-on-NASDAQ\" title=\"Fact No. 6: Getting listed on NASDAQ\">Fact No. 6: Getting listed on NASDAQ<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.tickertape.in\/blog\/facts-about-infosys-%ef%bb%bf\/#Fact-No-7-Subsidiary-caters-to-a-billion-people-with-only-1-product\" title=\"Fact No. 7: Subsidiary caters to a billion people with only 1 product\">Fact No. 7: Subsidiary caters to a billion people with only 1 product<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.tickertape.in\/blog\/facts-about-infosys-%ef%bb%bf\/#Fact-No-8-A-massive-training-centre-at-Mysore\" title=\"Fact No. 8: A massive training centre at Mysore\">Fact No. 8: A massive training centre at Mysore<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.tickertape.in\/blog\/facts-about-infosys-%ef%bb%bf\/#Fact-No-9-A-huge-empire\" title=\"Fact No. 9: A huge empire\">Fact No. 9: A huge empire<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.tickertape.in\/blog\/facts-about-infosys-%ef%bb%bf\/#Fact-No-10-Giving-back-to-the-society\" title=\"Fact No. 10: Giving back to the society\">Fact No. 10: Giving back to the society<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" id=\"Loan\"><span class=\"ez-toc-section\" id=\"Fact-No-1-Started-with-a-loan\"><\/span><strong>Fact No. 1: Started with a loan<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>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\u2019s house, the front room of Narayana Murthy\u2019s home became their first office.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"IT\"><span class=\"ez-toc-section\" id=\"Fact-No-2-An-IT-company-without-a-computer-for-2-yrs\"><\/span><strong>Fact No. 2: An IT company without a computer for 2 yrs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"1st\"><span class=\"ez-toc-section\" id=\"Fact-No-3-First-employee-at-Infosys\"><\/span><strong>Fact No. 3: First employee at Infosys<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Crisis\"><span class=\"ez-toc-section\" id=\"Fact-No-4-Rising-from-a-shutdown-crisis\"><\/span><strong>Fact No. 4: Rising from a shutdown crisis<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In 1989, Infosys\u2019 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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"IPO\"><span class=\"ez-toc-section\" id=\"Fact-No-5-The-undersubscribed-IPO\"><\/span><strong>Fact No. 5: The undersubscribed IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>When the country was still trying to recover from the biggest financial scam of 1992, Infosys risked going public in 1993. Its <a href=\"https:\/\/www.tickertape.in\/blog\/all-you-need-to-know-about-ipos\/?ref=blog\">IPO<\/a> 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 <a href=\"https:\/\/shivampandya.medium.com\/infosys-limited-nse-infy-a-case-study-6ce44453e587\" rel=\"nofollow noopener\" target=\"_blank\">10,24,000<\/a> shares today considering the share splits and <a href=\"https:\/\/www.tickertape.in\/blog\/bonus-shares\/\">bonus shares<\/a> 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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"NASDAQ\"><span class=\"ez-toc-section\" id=\"Fact-No-6-Getting-listed-on-NASDAQ\"><\/span><strong>Fact No. 6: Getting listed on NASDAQ<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In 1999, Infosys Limited&#8217;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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Subsidiary\"><span class=\"ez-toc-section\" id=\"Fact-No-7-Subsidiary-caters-to-a-billion-people-with-only-1-product\"><\/span><strong>Fact No. 7: Subsidiary caters to a billion people with only 1 product<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Finacle, a wholly-owned subsidiary of Infosys Ltd, is an industry-leading <a href=\"https:\/\/www.tickertape.in\/blog\/digital-banking-and-fintech-payments-what-lies-ahead\/\">digital banking<\/a> 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. <a href=\"https:\/\/www.tickertape.in\/stocks\/icici-bank-ICBK?checklist=basic?ref=blog\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"ICICI Bank (opens in a new tab)\">ICICI Bank<\/a> is one of its clients.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fact-No-8-A-massive-training-centre-at-Mysore\"><\/span><strong>Fact No. 8: A massive training centre at Mysore<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Empire\"><span class=\"ez-toc-section\" id=\"Fact-No-9-A-huge-empire\"><\/span><strong>Fact No. 9: A huge empire<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>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 &#8216;World&#8217;s Best Regarded Companies&#8217; list.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"Society\"><span class=\"ez-toc-section\" id=\"Fact-No-10-Giving-back-to-the-society\"><\/span><strong>Fact No. 10: Giving back to the society<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>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 &amp; research in India, the foundation annually gives an award to honour outstanding achievements with a prize of Rs 73 lakh.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Although Infosys IPO was 13% undersubscribed, the stock grew manifold over 28 yrs. Rs 9,500 invested in the IPO in 1993 would have now become ~Rs 1,500 lakh. Read more here <\/p>\n","protected":false},"author":46,"featured_media":2886,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[9,1749],"tags":[319,321],"acf":[],"modified_by":"Aradhana Gotur","jetpack_featured_media_url":"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2021\/06\/Facts-Infosys.png?wsr","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/2885"}],"collection":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/comments?post=2885"}],"version-history":[{"count":8,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/2885\/revisions"}],"predecessor-version":[{"id":2948,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/2885\/revisions\/2948"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media\/2886"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media?parent=2885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/categories?post=2885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/tags?post=2885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}