Infosys Is A Nasdaq Listed Global Finance Essay - Free Essay Example

Sample details Pages: 11 Words: 3446 Downloads: 6 Date added: 2017/06/26 Category Finance Essay Type Argumentative essay Did you like this example? Established in 1981, Infosys is a NASDAQ listed global consulting and IT services company with more than 153,000 employees. From a capital of US$ 250, we have grown to become a US$ 7.126 billion (LTM Q2 FY13 revenues) company with a market capitalization of approximately US$ 28 billion. Over the years, we have catalyzed some of the major changes that have led to Indias emergence as the global destination for software services talent. Don’t waste time! Our writers will create an original "Infosys Is A Nasdaq Listed Global Finance Essay" essay for you Create order We pioneered the Global Delivery Model and became the first IT Company from India to be listed on NASDAQ. Our employee stock options program created some of Indias first salaried millionaires. What We Do Infosys was started in 1981 by seven people with US$ 250. Today, we are a global leader in consulting, technology and outsourcing with revenues of US$ 7.126 billion (LTM Q2 FY13). Many of the worlds most successful organizations rely on Infosys to deliver measurable business value. Infosys provides business consulting, technology, engineering and outsourcing services to help clients in over 30 countries build tomorrows enterprise. Our award-winning Infosys Labs and its breakthrough intellectual property can be leveraged as a co-creation engine to accelerate innovation across the enterprise. Infosys pioneered the Global Delivery Model (GDM), based on the principle of taking work to the location where the best talent is available, where it makes the best economic sense, with the least amount of acceptable risk. Continued leadership around GDM enables Infosys to drive extraordinary efficiencies and free up clients resources for strategic transformation or innovation initiatives. Infosys has a global footprint with 66 offices and 69 development centers in US, India, China, Australia, Japan, Middle East, UK, Germany, France, Switzerland, Netherlands, Poland, Canada and many other countries. Infosys and its subsidiaries have 153,761 employees as on Sep 30, 2012. Infosys takes pride in building strategic long-term client relationships. 98.2% of our revenues come from existing customers (Q2 FY 13). Infosys gives back to the community through the Infosys Foundation that funds learning and education. How we do it Infosys helps companies derive the measurable business value that they have always been looking for from business and IT investments. We deliver measurable business value in 3 ways: Transform We can transform the fundamental shape of your business PL. Regardless of which team you engage with, we have a best-practice process for delivering value. We call it IMPACT to ensure a clear line of sight from process change to bottom-line impact, ensuring that you receive the business value you were promised. Optimize Beyond transformation and innovation, it boils down to execution delivering on time, on budget and on value. We can optimize your core operations to drive best-in-class efficiency and help fund the transformation and innovation. Innovate We can inject a level of product and service innovation into your business to create new revenue opportunities through collaboration and co-creation. We keep abreast of the latest technology and how it applies to your business issues. What you get from us is best-of-breed solutions. The foundation of our innovation capability is our core lab network Infosys Labs and the new thinking that our team of over 600 researchers brings to the table. Who we are Our Vision, Mission and Values Vision We will be a globally respected corporation. Mission Strategic Partnerships for Building Tomorrows Enterprise. Values We believe that the softest pillow is a clear conscience. The values that drive us underscore our commitment to: CLIFE Client Value: To surpass client expectations consistently Leadership by Example: To set standards in our business and transactions and be an exemplar for the industry and ourselves Integrity and Transparency: To be ethical, sincere and open in all our transactions Fairness: To be objective and transaction-oriented, and thereby earn trust and respect Excellence: To strive relentlessly, constantly improve ourselves, our teams, our services and products to become the best Milestones 2012 Infosys acquires Lodestone Holding AG, a leading management consultancy based in Switzerland Forbes ranks Infosys among the worlds most innovative companies Infosys among top 25 performers in Caring for Climate Initiative Infosys crosses the US$ 7 billion revenue mark 2011 N. R. Narayana Murthy hands over chairmanship to K V Kamath Infosys crosses US$ 6 billion revenue mark, employee strength grows to over 130,000 2010 Infosys crosses the US$ 5 billion revenue mark 2009 Infosys opens its first development center in Brazil and second Latin American development center in Monterrey, Mexico Infosys selected as a member of The Global Dow Employee strength grows to over 100,000 2008 Infosys crosses revenues of US$ $ 4.18 billion Annual net profits cross US$ 1 billion 2007 Infosys crosses revenues of US$ 3 billion. Employees grow to over 70,000+ Kris Gopalakrishnan, COO, takes over as CEO. Nandan M. Nilekani is appointed Co-Chairman of the Board of Directors Opens new subsidiary in Latin America Reports Q2 revenue of over US$ 1billion 2006 Infosys celebrates 25 years. Revenues cross US$ 2 billion. Employees grow to 50,000+ N. R. Narayana Murthy retires from the services of the company on turning 60. The Board of Directors appoints him as an Additional Director. He continues as Chairman and Chief Mentor of Infosys 2005 Records the largest international equity offering of US$ 1 billion from India Selected to the Global MAKE Hall of Fame 2004 Revenues reach US$ 1 billion Infosys Consulting Inc. is launched 2003 Establishes subsidiaries in China and Australia Expands operations in Pune and China, and sets up a development center in Thiruvananthapuram 2002 Touches revenues of US$ 500 million Nandan M. Nilekani takes over as CEO from N.R. Narayana Murthy, who is appointed Chairman and Chief Mentor Opens offices in the Netherlands, Singapore and Switzerland Sponsors secondary ADS offering Infosys and the Wharton School of the University of Pennsylvania set up The Wharton Infosys Business Transformation Awards (WIBTA) Launches Progeon, offering business process outsourcing services 2001 Touches revenues of US$ 400 million. Opens offices in UAE and Argentina, and a development center in Japan N. R. Narayana Murthy is rated among Time Magazine/CNNs 25 most influential businessmen in the world Infosys is rated as the Best Employer by Business World/Hewitt 2000 Touches revenues of US$ 200 million Opens offices in France and Hong Kong, a global development center in Canada and UK, and three development centers in the US Re-launches Banks 2000, the universal banking solution from Infosys, as FinacleÃÆ' ¢Ãƒ ¢Ã¢â€š ¬Ã… ¾Ãƒâ€šÃ‚ ¢ 1999 Touches revenues of US$ 100 million. Listed on NASDAQ Infosys becomes the 21st company in the world to achieve a CMM Level 5 certification Opens offices in Germany, Sweden, Belgium, Australia, and two development centers in the US Infosys Business Consulting Services is launched   1998 Starts Enterprise Solutions (packaged applications) practice 1997 Opens an office in Toronto, Canada Infosys is assessed at CMM Level 4   1996 The Infosys Foundation is established  Â  1995 Opens first European office in the UK and global development centers at Toronto and Mangalore. Sets up e-Business practice   1994 Moves corporate headquarters to Electronic City, Bangalore. Opens a development center at Fremont   1993 Introduces Employee Stock Options (ESOP) program Acquires ISO 9001/TickIT certification Goes public   1987 Opens first international office in Boston, US  Â  Ãƒâ€šÃ‚  1987 Relocates corporate headquarters to Bangalore  1981 Infosys is established by N. R. Narayana Murthy and six engineers in Pune, India, with an initial capital of US$ 250 Signs up its first client, Data Basics Corporation, in New York Q2. A critical review and assessment of the companys specific funding requirements and objective for the fund raising round. The name of the company is INFOSYS LIMITED The registered office of the company will be situated in the state of Karnataka. The objects for which the company is established are: MAIN OBJECTS OF THE COMAPNY TO BE PERSUED BY THE COMPANY ON ITS INCORPORATION. To establish, maintain, conduct, provide, procure or make available services of every kind including commercial, statistical, financial, accountancy, medical, leagal, management, educational, engineering, data processing, communication and other technological social or other services. To carry on the business as importer, exporter, buyers, leassers and sellers of and dealers in all type of electronic components and equipments necessary for attaining the above objects. Objects incidental or ancillary to the attainment of the main objects: To carry on all kinds of promotion business, and in particular to form, constitute, float, lend money to assist and control any companies, associations, or undertakings whatsoever. To establish, provide, maintain and conduct or otherwise subsidise research laboratories, experimental stations, workshops and libraries for scientific, industrial, commercial and technical research and experiments; to undertake and carry on scientific, industrial, commercial, economic, statistical and technical research, surveys and investigation; to promote studies, research investigation and invention, both scientific and technical by providing, subsiding, endoving, or assisting laboratories, colleges, universities, workshops, libraries, lectures, meatings, exhibitions and confereces and by providing for the remuneration to scientists, scientific or technical proffesors or teachers and the award of scholarships, grants and prizes to student, research-workers and inventors or otherwise and generally to encourage, promote and reward studies, research, investigation, experiments, tests and inventions of any kind. To provide for the welfare of the employees or ex-employees of the Company and wives, widows, families or dependends of such persons by building or contributing to the building of houses, dwellings or chawls or by grands of money, pensions, allowences, gratuities, bonus or other payments or by creating and from time-to-time subscribing or contributing towards places of instructions and recreation, hospitals and dispenseries, medical and other attendenes and assistance as the Company shall think fit. To subscribe or contribute or otherwise to assist or to guarantee money to charitable, benevolent, religious, scientific, national, public or any other useful institutions, objects or purposes or for any exhibition. To establish and maintain or procure the establishment and maintenance of any contributory or non-contributory pension or superannuation funds for the b enefit of, and give or procure the giving of donations, gratuities, pensions, allowances or employments to any person who are or were at any time in the employment or service of the Company, or of any company which is a subsidiary of the Company or is allied to or associated with the Company or with any such subsidiary company, or who are or were at any time Directors or Officers of the Company or of any such other company as aforesaid, and wives, widows, families, and dependants of any such persons and also establish and subsidise and subscribe to any institutions, associations, clubs or funds calculated to be for the benefit of or to advance the interests and well being of the Company or of any such other company as aforesaid, and make payments to or towards the insurance of any such person as aforesaid and to do any of the matters aforesaid, either alone or in conjunction with any such other company as aforesaid. To undertake and execute any trust the undertaking of which may seem to the Company desirable and either gratuitously or otherwise. To act as agents, registrars or brokers and as trustees for any person or company and to undertake and perform sub-contracts. To buy, sell, manufacture, repair, alter and exchange, let on hire, export, and deal in all kinds of articles and things which may be required for the purposes of any of the said businesses, or commonly supplied or dealt in by persons engaged in any such businesses, or which may seem capable of being profitably dealt with in connection with any of the said businesses. To adopt such means of making known the business of the Company and/or associate companies or others as may seem expedient and in particular by advertising in the press, public places and theatres, by radio, by television, by circulars, by purchase and exhibition or works of art or interest, by publication of books, pamphlets, bulletins or periodicals, by organising or participating in exhibitions and by granting prizes , rewardsand donations. To apply for and acquire any statutory or other powers, rights or concessions. To act as Aadatias, Selling Agents, Purchasing Agents, Factors, Muccadums, Carriers, Jatha Merchants, Landing and Forwarding Agents, Brokers, Guaranteed Brokers, in respect of goods, materials and merchandise and produce and articles of all kinds and descriptions. To construct and develop residential or industrial colonies for the general advancement of members, employees or others. To purchase, or otherwise acquire and undertake the whole or any part of the business, property, rights, and liabilities of any person, firm or company carrying on any business which this company is authorised to carry on or possessed of property or rights suitable for any of the purposes of the Company and to purchase, acquire, sell and deal in property, shares, stocks, debentures or debenture-stocks of any such person, firm or company and to conduct, make or carry into effect any arrangeme nts in regard to the winding up of the business of any such persons, firm or company. To enter into partnership or into any arrangements for sharing of profits, union of interest, reciprocal concession or co-operation with any person, partnership, or company and to promote, constitute, form and organise, and aid in promoting, constituting, forming and organising companies, syndicates or partnerships of all kinds for all the purposes or acquiring and undertaking any property and liabilities of the Company or of advancing, directly or indirectly, the objects thereof or for any other purposes which this Company may think expedient. As also to pay for any properties, rights or privileges required by this Company either in shares of the Company or partly in cash or otherwise and to give shares or stock of this Company in exchange for shares or stock of any other company. To apply for, purchase or otherwise acquire patents, brevet inventions, licences, concessions and the like confe rring any exclusive or nonexclusive or limited right to use any secret or other information as to any invention which may seem capable of being used for any of the purposes of the Company or benefit the Company and to use, exercise, or develop or grant licences in respect of or otherwise turn to account the property, rights or information so acquired. To receive money, valuable, and goods and materials of all kinds of depositor for safe custody. To lend money and other property, to guarantee the performance of contracts and obligations of all kinds, to act as agents in the management, sale and purchase of property, and generally to transact business as capitalists and financiers. To lend, invest or otherwise employ or deal with moneys belonging to or entrusted to the Company upon making arrangements to secure repayment or payment of principal and interest thereon. To borrow or raise or secure the payment of money or to receive money on such time and from time to time and in such manner as may be thought fit and in particular by the issue of debentures, or debenture-stocks, perpetual or otherwise including debentures or debenture-stock convertible into shares of this or any other company or perpetual annuities and in security for any such money so borrowed, raised or received or any such debentures or debenture-stocks so issued, to mortgage, pledge or charge the whole or any part of the property, assets or revenue and profits of the Company, present or future, including its uncalled capital by special assignments or otherwise or to transfer or convey the same absolutely or in trust and to give the lenders power of sale and other powers as may seem expedient and to purchase, redeem or pay off any such securities provided the Company shall not carry on banking business as defined in the Banking Regulation Act, 1949. To draw, make, accept, endorse, discount, execute, issue, negotiate, assign and otherwise deal with cheques, drafts, bills of exchange , promissory notes, hundies, debentures, bonds, bills of lading, railway receipts, warrants and all other negotiable or transferable instruments. To amalgamate with any other company or companies. To distribute any of the property of the Company amongst the members in specie or kind subject to the provisions of the Companies Act in the event of winding up. To apply for, tender, purchase, or otherwise acquire any contracts, subcontracts licences and concessions for or in relation to the objects or business herein mentioned or any of them, and to undertake, execute, carry out, dispose of or otherwise turn to account the same. To do all or any of them in any part of the world either as principals, agents, contractors, trustees or otherwise and either by or through agents, trustees, sub-contractors or otherwise, either alone or in conjunction with others and to allow any property to remain outstanding in such agents or trustees. To do all such other things as are incident al or conducive to the attainment of the above objects or any of them. OTHER OBJECTS: To carry on the business of an investment company and to buy, underwrite and to invest in the acquire and hold shares, stocks, debentures, debenture-stocks, bonds, obligations and securities issued or guaranteed by any company constituted or carrying on business in India or elsewhere and debentures, debenture-stocks, bonds, obligations and securities issued or guaranteed by any Government, State, Dominion, Sovereign, Ruler, Commissioners, Public body or authority supreme, municipal, local or otherwise or firm or person whether in India or elsewhere and to deal and turn to account the same. To carry on business related to the electronic industry, Textiles, Chemicals, Hotels, Construction Engineering items. To transact and carry on all kinds of agency business and in particular to collect rents and debts, and to negotiate loans, to find investments, and to issue and place shares, stocks, debentures, debenture-stocks or securities for the above business of the Company. To ca rry on business of every kind and to act as merchants, traders, Commission or other agents or in any other capacity whatsoever in India or in any part of the world, to carry on the business of providing services of every kind and to import, export, buy, sell, barter, exchange, pledge, make advances upon or otherwise deal in goods, produce, article, merchandise, services, conveniences and amenities of every kind which will be required for the business of the Company To carry on business as capitalists, financiers; concession and merchants and to undertake and carry on and execute all kinds of financial, commercial, trading and other operations. To sell or purchase or otherwise deal in any goods, products, articles or things and to carry on business as merchants, traders, and dealers in any goods, commodities, articles and things whatsoever in or outside India and generally to carry on business as exporters, importers and dealers. To carry on the business of advertising contr actors and agents and any other business which may be usefully carried on in connection with such business and to acquire and undertake the whole or any part of the business property and liabilities of any person or company carrying on business as such contractor or agents, or any other business which may be usefully carried on in connection therewith. To manufacture, maintain, export, import, buy, sell, rent, hire or lease or otherwise acquire, dispose of or deal in all kinds of digital systems, numerical controller, flexible manufacturing systems, robots, communication systems, computers, computer peripherals, computer software, computer hardware, computer technology, machines, computer aided teaching aids, energy saving devices, alternative sources of energy, electrical and electronics components, devices, instruments, equipments and controls for any engineering applications, and all other related components, partsand products used in communication and computers. AND IT IS HEREBY DECLARED that the word company in this Memorandum when applied otherwise than to this Company shall whenever the context shall so require or admit be deemed to include any authority, partnership or other body of persons whether incorporated or un-incorporated and whether domiciled in India or elsewhere and that the intention is that the objects specified in the several paragraphs of this Memorandum shall be regarded as independent objects and shall accordingly shall be in no wise limited or restricted in its application (except when otherwise expressed in such paragraphs) by reference to the objects in any other paragraph or the name of the company, but may be carried out in as full and ample a manner and construed and applied in as wide a sense as if each of the said paragraphs defines the objects of a separate, distinct and independent Company. The liability of the members is limited. The Authorized Share Capital of the company is Rs. 300,00,00,000 (Rupees three hundr ed crores only) divided into 60,00,00,000 (Sixty crores only) Equity Shares of Rs. 5 each (Rupees five only) with power to increase and reduce the capital of the company and to divide the shares in the capital for the time being into several classes and attach thereto respectively such preferential, deferred, qualified or special rights, privileges or conditions as may be determined by or in accordance with the Articles of Association of the company for the lime being and to vary, modify or abrogate any such rights, privileges or conditions in such manner as may be permitted by the Companies Act, 1956 or by the Articles of Association of the company for the time being .