Successful Story of Ambitious Persons: Infosys
Today we are going to discuses about one of the great industry which was started as a small scale industry in a market. It was established in 1981, it is a NASDAQ listed global consulting and IT services company with more than 145,000 employees. From a capital of US$ 250, we have grown to become a US$ 6.825 billion (LTM Q3- FY12 revenues) company with a market capitalization of approximately US$ 30 billion. They struggled over 29 years; they had catalyzed some of the major changes that have led to India’s emergence as the global destination for software services talent. They pioneered the Global Delivery Model and became the first IT Company from India to be listed on NASDAQ. Infosys was founded by Nagavara Ramarao Narayana Murthy, Nandan Nilekani, Kris Gopalakrishnan, S. D. Shibulal, K Dinesh and with N. S. Raghavan officially being the first employee of the company. They straggled a lot to get complete success. The founders started the company with an initial investment of INR 10,000. The company was incorporated as “Infosys Consultants Pvt Ltd.” in Model Colony, Pune as the registered office. They relocate corporate headquarters to Bangalore in 1983, and it was a good improvement & great growth in compare to other industry. Then they opened first International office in Boston, US in the year of 1987. In 1993 they came out in public, they introduced their employee stock option program (ESOP) in the same year they Acquires ISO 9001/TickIT certification. After this they planned to establish a corporate HQ in electronic city, Bangalore. For that they forth a lot and their struggle gave a fruitful result, that means they did what they planned also they Opened a development center at Fremont. Similarly in 1995 they Opens first European office in the UK and global development centers at Toronto and Mangalore. Sets up e-Business practice and in 1996 The Infosys Foundation is establishes, 1997 Opens an office in Toronto, Canada Infosys is assessed at CMM Level 4. Infosys was rated best employer to work for in 2000, 2001, and 2002 by Hewitt Associates. In
2007, Infosys received over 1.3 million applications and hired fewer than 3% of applicants. Infosys was the only Indian company to win the Global MAKE (Most Admired Knowledge Enterprises) award for the years 2003, 2004 and 2005, and is inducted into the Global Hall of Fame for the same. At the same time, the company has now grown into a 4.5 billion dollar company and now competes with the likes of Accenture and IBM. Companies like Accenture earn net margins in the range of 8-10% (with ROE in excess of 50%). However their margins and profitability should eventually converge to the same levels as their foreign counterparts as they really don’t have any special competitive advantage over their foreign competitors. But genuinely they struggled a lot during this period, even if they toke a gold loan by putting their families gold to solve the financial problem. Still they are planning to quit the unemployment from the India. We believe that they will get success in this, because they crossed the way which was full of failure to fruitful success and they know the value of hard work as well smart work. Click here to Read Full Article