How Infosys started?
Infosys started in the year 1981 at Pune (India) with 7 promoters with technology background. They have good experience of coding and were together working in Patni Computer System (PCS). At that time, Indian IT services demand started increasing. Seeing this opportunity they all quit their jobs and started the company. These promoters are:
- Mr. Narayana Murthy
- Mr. Nandan Nilekani
- Mr. Senapathy Gopalakrishnan
- Mr. S. D. Shibulal
- N. S. Raghavan
- Ashok Arora
The initial capital of the company is merely Rs 10000 contributed only by Mr. Narayana Murthy borrowed from her wife and his room became the first office of Infosys.
Initial Struggles of Infosys
- The biggest problem at that time was hostile government policies before liberalization that was making doing business difficult in India. It took nearly two years to import a computer and one year for establishing a telephone.
- A major set back faced by the company in the year 1989 was break up of Joint Venture between Infosys and Kurl Salmon Associates. This joint venture made Infosys a known company in US market and now brought the company into crisis. During this time, Mr. Ashok Arora (Co-Founder) left the company.
- Mr. Narayana Murthi asked other co-founders about their willingness to work for the company or they can leave the company if they wish.
How Infosys started getting profitable?
The Indian economy was liberalized in the Year 1991 and this was the start of success story of Infosys. Slowly and steadily profits started to increase because of free trades with other nations. During 1993 the company issued Initial Public Offering (IPO) to raise fresh money for the development of the Infosys. This IPO got undersubscribed and Morgan Stanley saved the IPO by subscribing 13% of the issued capital. At that time, company has 200 employees and $5 million revenue. Thereafter revenue kept on increasing reached $100 million in the year 1999, $1 Billion in the Year 2004, $10 Billion in 2017 and reached $21 Billion in 2020. Presently more than 2 lakh employees work at Infosys.
It is also listed on Nasdaq (American Stock Exchange) by issuing American Depository Receipt (ADR). In India, Infosys became the first company to issue Employee Stocks Ownership Plan (ESOP).
Infosys Share Price History
During 1st Jan 1996, Indian share price of Infosys was merely at Rs. 0.55 (adjusted for dividend and stock split). On 1st April 2021, the stock closed at Rs.1385.2 (adjusted for dividend and stock split). The investors who have remained invested during the period earned a return of 249300.44% on their investment.
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Infosys share dividend history
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Infosys Share Split