Infosys, founded in 1981, is a global leader in IT services and consulting, known for pioneering the Global Delivery Model and driving digital transformation. This timeline traces its journey from a small startup to a Forbes Global 2000 company, highlighting key leadership, breakthroughs, and milestones.
Chronological Storyline (37 Milestones)
Jul 2, 1981 CE
Infosys Founded
Infosys is founded in Pune, India, by N. R. Narayana Murthy, Nandan Nilekani, S. D. Shibulal, Kris Gopalakrishnan, K. Dinesh, and N. S. Raghavan with a capital of $250. #startup #india
Infosys Founded By Ashwin Kumar from Bangalore, India - Infosys, CC BY-SA 2.0, https://commons.wikimedia.org/w/index.php?curid=52244388
1983 CE
First International Client
Infosys secures its first international client, Data Basics Corporation, in New York, marking its entry into the global market. #business #it
1987 CE
First Onsite Office in US
Infosys opens its first onsite office in the United States, strengthening its presence in the American market. #expansion #global
1992 CE
First European Office
Infosys establishes its first European office in the United Kingdom, expanding its footprint in Europe. #europe #growth
Feb 1, 1993 CE
Initial Public Offering (IPO)
Infosys goes public on the Bombay Stock Exchange (BSE), raising funds for expansion and increasing its visibility. #finance #ipo
1994 CE
First Software Development Center
Infosys opens its first software development center in Bangalore, now known as the Global Education Center. #innovation #tech
1996 CE
ISO 9001 Certification
Infosys becomes one of the first Indian IT companies to receive ISO 9001 certification for quality processes. #quality #standards
1998 CE
SEI CMM Level 5
Infosys achieves SEI CMM Level 5, the highest maturity level for software processes, setting a benchmark in the industry. #excellence #process
1999 CE
NASDAQ Listing
Infosys becomes the first Indian company to be listed on NASDAQ, enhancing its global profile and access to capital. #finance #global
2000 CE
Y2K Project Execution
Infosys successfully executes Y2K remediation projects for global clients, establishing its credibility in large-scale software maintenance. #tech #history
2000 CE
Co-Founder N.R. Narayana Murthy Steps Down as CEO
N. R. Narayana Murthy hands over CEO role to Nandan Nilekani, while remaining chairman. #leadership #transition
2002 CE
Global Delivery Model (GDM) Pioneering
Infosys formalizes its Global Delivery Model, which becomes a industry standard for offshore IT services. #innovation #model
2003 CE
$100 Million Revenue Milestone
Infosys achieves $100 million in annual revenue, marking a significant growth milestone. #revenue #growth
2004 CE
First Acquisition: Expert IT Services
Infosys makes its first acquisition, buying Expert IT Services, an Australian IT firm, to expand into the Asia-Pacific region. #acquisition #expansion
2005 CE
Infosys Consulting Launched
Infosys launches its consulting arm, Infosys Consulting, to offer end-to-end business solutions. #consulting #strategy
2006 CE
Nandan Nilekani Appointed Chairman
Nandan Nilekani becomes chairman of Infosys, succeeding N. R. Narayana Murthy. #leadership #governance
2007 CE
Infosys BPO Established
Infosys BPO (Business Process Outsourcing) is established as a separate subsidiary to offer BPO services. #bpo #outsourcing
2008 CE
Revenue Crosses $4 Billion
Infosys reports revenue exceeding $4 billion, driven by global demand for IT services. #revenue #milestone
2009 CE
First Non-Indian CEO: S.D. Shibulal
S. D. Shibulal becomes CEO, the first non-Indian (though of Indian origin) to lead the company, focusing on innovation. #ceo #leadership
2011 CE
Acquisition of Lodestone Holding
Infosys acquires Lodestone Holding, a Swiss management consultancy, for $345 million to strengthen its consulting business. #acquisition #consulting
2012 CE
Infosys Launches Edge® Platform
Infosys unveils Edge, a platform for digital transformation, focusing on automation and AI. #digital #innovation
2013 CE
N.R. Narayana Murthy Returns as Chairman
N. R. Narayana Murthy returns as chairman to steer the company through a challenging phase. #leadership #comeback
2014 CE
Acquisition of Panaya
Infosys acquires Panaya, an automation technology provider, for $200 million to enhance its testing and automation capabilities. #acquisition #automation
2015 CE
CEO Vishal Sikka Appointed
Vishal Sikka, former SAP executive, becomes the first non-founder CEO of Infosys, bringing a focus on innovation and digital. #ceo #innovation
2016 CE
Acquisition of Skava
Infosys acquires Skava, a digital experience platform, to bolster its e-commerce and digital offerings. #acquisition #digital
2017 CE
Vishal Sikka Resigns Amid Board Disputes
CEO Vishal Sikka resigns following board disagreements over corporate governance, leading to turmoil. #governance #turmoil
Jan 1, 2018 CE
Salil Parekh Appointed CEO
Salil Parekh, former Capgemini executive, becomes CEO, tasked with stabilizing the company and driving growth. #ceo #stability
2018 CE
Infosys Launches Cobalt Cloud Platform
Infosys introduces Infosys Cobalt, a cloud platform to help enterprises migrate and transform their IT landscapes. #cloud #platform
2019 CE
Revenue Exceeds $10 Billion
Infosys reports annual revenue of over $10 billion, reflecting strong performance and market demand. #revenue #billion
2020 CE
Infosys Becomes Forbes Global 2000 Listed
Infosys is listed in the Forbes Global 2000, ranking among the world's largest public companies. #ranking #forbes
2020 CE
COVID-19 Response and Remote Work
Infosys swiftly adapts to remote work amid the pandemic, continuing operations and supporting clients with digital solutions. #pandemic #remote
2021 CE
Launch of Infosys Metaverse Foundry
Infosys launches Metaverse Foundry to help clients explore and build metaverse applications. #metaverse #innovation
2021 CE
Acquisition of Blue Acorn iCi
Infosys acquires Blue Acorn iCi, a US-based digital commerce and customer experience firm, for $125 million. #acquisition #commerce
2022 CE
Infosys and Microsoft Expand Partnership
Infosys deepens its strategic alliance with Microsoft to co-innovate and offer cloud solutions. #partnership #cloud
2022 CE
Infosys Ranks #1 in India's Best Workplaces
Infosys is recognized as the best workplace in India by the Great Place to Work Institute. #workplace #award
2023 CE
Infosys Topaz AI Platform Launch
Infosys launches Topaz, an AI-first platform using generative AI to accelerate enterprise digital transformation. #ai #digital
2023 CE
Revenue Reaches $18.2 Billion
Infosys posts $18.2 billion in annual revenue, underscoring its continued growth trajectory. #revenue #growth