Infosys provides software development, maintenance and independent validation services to companies in finance, insurance, manufacturing and other domains. In August 2015, assets from Finacle Global Banking Solutions were transferred from Infosys, thus becoming part of the product company EdgeVerve Systems' product portfolio.
In July 2014, Infosys started a product subsidiary called EdgeVerve Systems, focusing on enterprise software products for business operations, customer service, procurement and commerce network domains.
In April 2018, Infosys announced expansion in Indianapolis, Indiana. Infosys hired 1,200 United States employees in 2011 and expanded the workforce by 2,000 employees in 2012. In 2012, Infosys announced a new office in Milwaukee, Wisconsin, to serve Harley-Davidson. Its annual revenue reached US$100 million in 1999, US$1 billion in 2004 and US$10 billion in 2017. In July 2010, then-British Prime Minister David Cameron visited Infosys HQ in Bangalore and addressed Infosys employees. The ADR listing was shifted from Nasdaq to NYSE Euronext to give European investors better access to the company's shares. At that time, Infosys was among the 20 biggest companies by market capitalization on the Nasdaq. The share price surged to ₹8,100 (equivalent to ₹35,000 or US$430 in 2023) by 1999, making it the costliest share on the market at the time. It became the first Indian company to be listed on Nasdaq. Infosys shares were listed on the Nasdaq stock exchange in 1999 as American depositary receipts (ADR). Its shares were listed in June 1993 with trading opening at ₹145 (equivalent to ₹1,000 or US$13 in 2023) per share. The IPO was undersubscribed but it was "bailed out" by US investment bank Morgan Stanley, which picked up a 13% equity stake at the offer price. Īn initial public offering ( IPO) was floated in February 1993 with an offer price of ₹95 (equivalent to ₹690 or US$8.60 in 2023) per share against a book value of ₹20 (equivalent to ₹140 or US$1.80 in 2023) per share. It was renamed Infosys Limited in June 2011. The company changed its name to Infosys Technologies Private Limited in April 1992 and to Infosys Technologies Limited when it became a public limited company in June 1992. In 1983, it relocated to Bangalore, Karnataka. It was registered as Infosys Consultants Private Limited on 2 July 1981. Infosys was founded by seven engineers in Pune, Maharashtra, India. It is one of the top Big Tech (India) companies. On 24 August 2021, Infosys became the fourth Indian company to reach US$100 billion in market capitalization. Infosys is the second-largest Indian IT company, after Tata Consultancy Services, by 2020 revenue figures. The company was founded in Pune and is headquartered in Bangalore. Infosys Limited is an Indian multinational information technology company that provides business consulting, information technology and outsourcing services.
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