Infosys is a pillar of India’s IT industry and one of the companies that put Indian tech services on the global map. Founded in 1981 by N.R. Narayana Murthy and six co-founders with just $250 in capital in Pune, the company is now headquartered in Bangalore and employs over 310,000 people worldwide.
The company went public on the Bombay Stock Exchange in 1993 and later listed on NASDAQ in 1999, becoming one of the first Indian companies to do so. Infosys reported revenue of $18.6 billion for fiscal year 2024, making it the second-largest Indian IT services firm after TCS.
Infosys’s services span application development and maintenance, cloud and infrastructure, data and analytics, AI, cybersecurity, and business process outsourcing. Major clients include banks, insurance companies, retailers, and manufacturers across North America, Europe, and Asia-Pacific.
Under CEO Salil Parekh (who took the helm in 2018), Infosys has pushed hard into digital services, which now account for a majority of revenue. The company’s platforms include Infosys Cobalt (cloud), Infosys Nia (AI), and Infosys BPM for process management. They’ve also invested heavily in training programs to reskill their massive workforce for cloud and AI work.
Infosys has faced its share of challenges, including a public boardroom battle in 2017 when founder Murthy clashed with then-CEO Vishal Sikka over corporate governance. The company has also navigated US visa policy changes that affected its ability to deploy staff on-site at American client locations.
Despite these challenges, Infosys remains a dominant force in global IT services, with a brand recognized for reliability, scale, and a training infrastructure (Infosys Mysore campus) that can onboard thousands of new graduates each year.
