Large Requirement Announced In Infosys For Freshers / Experence Graduate 2016 ~ all india latest jobs

Company Profile

Infosys Limited (formerly Infosys Technologies Limited) is an Indian multinational corporation that provides business consulting, information technology and outsourcing services. It is headquartered in Bangalore, Karnataka.

Infosys is the second-largest Indian IT services company by 2016 revenues, and the fifth largest employer of H-1B visa professionals in the United States in FY 2013. On 15 February 2015, its market capitalisation was 263,735 crores ($42.51 billion), making it India's sixth largest publicly traded company.

Infosys was co-founded in 1981 by 7 Engineers Narayan Murthy, Nandan Nilekani, N. S. Raghavan, S. Gopalakrishnan, S. D. Shibulal, K. Dinesh and Ashok Arora after they resigned from Patni Computer Systems. The company was incorporated as "Infosys Consultants Pvt Ltd." with a capital of 10,000 or US$1,250 (equivalent to about $3,254 in 2015) in Model Colony, Pune as the registered office. It signed its first client, Data Basics Corporation, in New York. In 1983, the company's corporate headquarters was relocated from Pune to Bangalore.

Change in name: 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. It was later renamed to "Infosys Limited" in June 2011.

An initial public offer (IPO) in February 1993 with an offer price of 95 (equivalent to ₹480 or US$7.20 in 2016) per share against book value of 20 (equivalent to ₹100 or US$1.50 in 2016) per share. The Infosys IPO was under subscribed but it was "bailed out" by US investment bank Morgan Stanley which picked up 13% of equity at the offer price. Its shares were listed in stock exchanges in June 1993 with trading opening at 145 (equivalent to 740 or US$11 in 2016) per share.

In October 1994, it made a private placement of 5,50,000 shares at 450 (equivalent to 2,100 or US$31 in 2016) each against book value of 10 (equivalent to 46 or 68¢ US in 2016) per share to Foreign Institutional Investors (FIIs), Financial Institutions (FIs) and Corporates.

In March 1999, it issued 2,070,000 ADSs (equivalent to 1,035,000 equity shares of par value of 10 (equivalent to 30 or 45¢ US in 2016) each) at US$34 (equivalent to $48.3 in 2015) per ADS under the American Depositary Shares Program and the same were listed on the NASDAQ National Market in US. The total issue amount was US$70.38million.

The share price surged to 8,100 (equivalent to 24,000 or US$360 in 2016) by 1999 making it the costliest share on the market at the time. At that time, Infosys was among the 20 biggest companies by market capitalization on the NASDAQ.

During July 2003, June 2005 and November 2006, it made secondary ADS issues of US$294 (equivalent to $378.19 in 2015) million, US$1.07 (equivalent to $1.3 in 2015) billion and US$1.605 (equivalent to $1.88 in 2015) billion respectively.

In December 2002, Infosys transferred the listing of its American Depositary Shares (ADS) from the NASDAQ to the NYSE.

In July 2014, Infosys spun off a subsidiary, Edgeverve Systems Ltd., focusing on enterprise software products for business operations, customer service, procurement and commerce network domains.