Infosys Ltd. is engaged in IT Consulting & Software sector in India. Its market capitalization is worth INR 5, 76,275.68 Cr. as of 16 April 2021. The company was started in 1981. The company has reported revenue of INR 22,497.00 Cr. as of the end of December 2020 quarter. The business is traded on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) under the number 500209 and the symbol INFY.
Headquartered in Bangalore, the company is an Information Technology multinational that claims to be a global leader in next-generation business consulting, information technology and outsourcing services.
The company's primary intent is to provide the best business solution by indulging the best people and eventually becoming a reputed corporation. It provides software development, maintenance and independent validation services to finance, insurance, manufacturing and other domains. One of its known products is Finacle, a universal banking solution with various retail and corporate banking modules. The company is split into three segments, namely: Infosys BPM, EdgeVerve Systems, Infosys Consulting. The company's board includes Nandan Nilekani as the chairman and Salil Parekh as the MD and CEO. In 2017, it completed its equity share buyback program of Rs.13,000 Cr, amounting to 4.92% total outstanding equity shares and, it revised the Capital Allocation Policy, which decided to pay out up to 70% of the free cash flow as a dividend. In 2018, it signed an “Advanced Pricing Agreement” with the US IRS to enhance the predictability of the company's tax obligations concerning its US Operations. In 2019, 60%, 24%, and 3% of its revenues were derived from North America, Europe, and India projects, respectively. The remaining 13% of revenues were derived from the rest of the world. In 2020, it announced ESG vision 2030 with robust and measurable targets across the pillars of Environment, Social and Governance. On 8 April 2021, the corporate announced a long-term strategic collaboration with ArcelorMittal, the world's leading steel and company. ArcelorMittal has chosen Infosys to expedite the company's digital transformation voyage and enable business process management (BPM) and next-generation application management services for ArcelorMittal Europe.Read More