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Infosys Limited is an Indian multinational technology company that offers business consulting, information technology, and outsourcing services. Founded in 1981, the company is headquartered in Bengaluru. [5] On 24 August 2021, Infosys became the fourth Indian company to achieve a market capitalization of US$100 billion.
A balance sheet is often described as a "snapshot of a company's financial condition". [1] It is the summary of each and every financial statement of an organization . Of the four basic financial statements , the balance sheet is the only statement which applies to a single point in time of a business's calendar year.
The company was started as Progeon Limited in April 2002 and is among the leading outsourcing companies in India according to NASSCOM. [3] It was started as a 74-26 joint venture between Infosys and Citibank Investments. In 2006, Infosys bought out Citibank's share at a price of ₹592 per share, Citibank having invested at ₹0.20 per share. [4]
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The Electronics Committee also known as the "Bhabha Committee" created a 10-year (1966–1975) plan laying the foundation for India's IT Service Industries. [10] The industry was born in Mumbai in 1967 with the establishment of Tata Consultancy Services [11] who in 1977 partnered with Burroughs which began India's export of IT services. [12]
Infosys Consulting is a management consulting, IT consulting practice within the larger Infosys organization which works in strategy, IT transformation, change management and business analytics. Infosys Consulting operates globally and currently has offices in 18 countries across the Americas, Asia Pacific and Europe.
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At Infosys he articulated, designed and implemented a global delivery model for IT services outsourcing from India. [32] He was the chairman of the board from 2002 to 2006, after which he also became the chief mentor. [31] [33] In August 2011, he retired from the company, taking the title chairman emeritus. [9] [10] Murthy with Narendra Modi in ...