Friday, February 4, 2011

Infosys - Started with 10k, earning billions

Hi friends!!!!!!!
How are you all? After a long back your lovable friend strikes back again with a good journal. I hope that this is a good article.......

So if you are interested to know about something then grab a seat, get hold of coffee or tea and keep open the page. Lets start reading bore and interesting, motivating and unimportant article.......... 
Boredom or interesting depends on your perception.

May be you are thinking that who's this idiot all talking idiotic things. Am i right?

What ever you think........ I am going to start the topic.

Actually we all know that there are very few companies those are started from the grass rout level and leading the sectors. One among such companies is ''Infosys Technologies Limited" shortly 'Infosys'.


Typical situations faced:

We should know about Narayana Murthy and how did he faced typical situations at inception of his company. 

When Infosys started in 1981, there were seven people, and they put together about USD250 at current exchange rates. They were short of money, but they were very long on hope.

This down-to-earth man had to mortgage his wife Sudha's jewelry for Rs. 10,000 to put some funds in the company.

"IN 1981 MURTY WANTED TO START INFOSYS. HE HAD A VISION AND ZERO CAPITAL. . ....Typical of Murty, he just had a dream and no money. So I gave him Rs 10,000 which I had saved for a rainy day, without his knowledge and told him, This is all I have. Take it." - Sudha Murthy

This is the situation faced by todays' one of the great entrepreneurs Narayana Murthy. As the phrase 'Behind every success of men there will be one women', Sudha murthy helped her husband to start a company. This proverb has come true in the life of Narayana murthy.

So what did you observe friends?
'Will' is enough to face any type of hurdles. 


Brief About Narayana murthy:

Nagavara Ramarao Narayana Murthy Born into a Kannada Madhwa Brahmin family in Mysore, India on August 20, 1946, Murthy graduated with a degree in electrical engineering from the National Institute of Engineering, University of Mysore in 1967 after attending government school, and received his master's degree from IIT Kanpur in 1969.

His first position was at IIM Ahmedabad as chief systems programmer where he worked on a time-sharing system and designed and implemented a BASIC interpreter for ECIL (Electronics Corporation of India Limited).

After IIM Ahmedabad, he then joined Patni Computer Systems in Pune. Before moving to Mumbai, Murthy met his wife Sudha Murthy in Pune who at the time was an engineer working at Tata Engineering and Locomotive Co. Ltd. (Telco, now known as Tata Motors) in Pune. In 1981, with an investment of Rs.10,000 ($250 at the time) from his wife, he founded Infosys with six other software professionals. He served as the president of the National Association of Software and Service Companies, India from 1992 to 1994. Mr. Murthy is the brother-in-law of serial entrepreneur Gururaj "Desh" Deshpande and the uncle of former NASSCOM Chairman and MphasiS chief Jerry Rao.

This is a brief all about Narayana murthy. Now let us move to the brief about one of the largest MNC's Infosys.
Infosys-True indication to growth:

Infosys is an information technology services company headquartered in Bengaluru, India. Infosys is one of the largest IT companies in India with 122,468 employees (including subsidiaries) as of 2010. It has offices in 33 countries and development centres in India, China, Australia, UK, Canada and Japan.

Infosys was founded on 2 July 1981 by seven entrepreneurs, 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. 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.

Infosys went public in 1993. Interestingly, Infosys IPO was under subscribed but it was bailed out by US investment banker Morgan Stanley which picked up 13% of equity at the offer price of Rs. 95 per share. The share price surged to Rs. 8,100 by 1999. By the year 2000 Infosys's shares touched Rs. 310 before the catastrophic incident of September 11th, changed all that.

According to Forbes magazine, since listing on the Bombay Stock Exchange till the year 2000, Infosys' sales and earnings compounded at more than 70% a year.In the year 2000, President of the United States Bill Clinton complimented India on its achievements in high technology areas citing the example of Infosys.[11] Infosys will invest $100 million (Rs 440 crore) on establishing a 20,000-seater campus in Shanghai. 

In 2001, it was rated Best Employer in India by Business Today. 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.

Promoters and their families hold 16%.Govt. of India enterprise with 3.84% can be termed as the single largest share holder. Govt. of UAE and Govt. of. Singapore also holds significant shares.Rest of the shares are owned by Financial institutions,Individual investors.

Infosys defines, designs and delivers technology-enabled business solutions that help Global 2000 companies win in a Flat World. Infosys also provides a complete range of services by leveraging our domain and business expertise and strategic alliances with leading technology providers.

In 2005, Infosys donated 10m rupees (about $226,000) to help with the effects of the 2005 Kashmir earthquake in Pakistan. Infosys does not currently have an office in Pakistan.

Actually after experiencing some profits, their efforts  comes true, they never stepped back. It is the few companies in the world to withstand in the bad ever rescission period.

In 2009, Narayana murthy's lectures delivered around the world have been published as a book A Better India: A Better World.


Vision

"To be a globally respected corporation that provides best-of-breed business solutions, leveraging technology, delivered by best-in-class people."

Mission

"To achieve our objectives in an environment of fairness, honesty, and courtesy towards our clients, employees, vendors and society at large."

Values

We believe that the softest pillow is a clear conscience. The values that drive us underscore our commitment to:
  • Customer Delight: To surpass customer expectations consistently
  • Leadership by Example: To set standards in our business and transactions and be an exemplar for the industry and ourselves
  • Integrity and Transparency: To be ethical, sincere and open in all our transactions
  • Fairness: To be objective and transaction-oriented, and thereby earn trust and respect
  • Pursuit of Excellence: To strive relentlessly, constantly improve ourselves, our teams, our services and products to become the best 

After stepping down as CEO in 2002, he(Narayana Murthy) has broadened his scope of activities to social services as well as promoting India globally. He is now working as non-executive Chairman and Chief Mentor of Infosys.

 Now Kris Gopalakrishnan is acting CEO of the company.

Industry IT services
IT consulting
Founded 2 July 1981 (1981-07-02)
Founder(s) N R Narayana Murthy
Nandan Nilekani
N. S. Raghavan
Kris Gopalakrishnan
S. D. Shibulal
K Dinesh
Ashok Arora
Headquarters Bengaluru, Karnataka, India
Key people N R Narayana Murthy
(Chairman)
Kris Gopalakrishnan
(CEO & MD)
S. D. Shibulal
(COO & Director)
Products Finacle
Services Information technology consulting services, solutions and outsourcing.
Revenue increase Indian Rupee ₹21,140 crore (US$4.59 billion) (31st March, 2010)
Operating income increase Indian Rupee ₹7,472 crore (US$1.62 billion) (2010)
Profit increaseIndian Rupee ₹5,803 crore (US$1.26 billion) (2010)
Total assets increase $6.150 billion (2010)
Total equity increase $5.361 billion (2010)
Employees 122,468 (2010)
Divisions Infosys BPO
Infosys Consulting
Infosys Public Services
Infosys Australia
Infosys Brazil
Infosys China
Infosys Mexico
Infosys Sweden


That's all about one of the great Indian MNC's ''Infosys''.

Thanks to all of you my dear friends for encouraging me. I hope that this post is some what impressive. If you like then follow my blog guys. Please click on the ads. Then i can get some amount, with this i can change this blog to website. So hope you will do it friends. Comments necessary. 

Keep smiling always and live happy in every moment of your life.
Love All Hate None.......... is a simple four words  sentence helps you to lead happy life.

3 comments:

  1. after reading ur post r article.....watever it was.....im totally impressed....but i thnk that a blog should not be done wid a copy&paste job and try to keep the post interestin upto da end wich seems to missing in dis post......hoping dat dese wud help.......thank u .
    -Ashraf.C
    http//ashrafc.blogspot.com

    ReplyDelete
  2. Thanks a lot ashraf......
    As u said in the comment there are two loop-poles. I can give explanation for the first query i.e., Blog should not be copy&paste!!
    I want to make one thing clear that my posts are always not personal surveys or else. Those are mainly what i came to know by surfing. So they mostly contains copy&paste matter.
    But for ur 2nd query i dnt hv answer. So i will try to re-edit it and i will focus on it from next.
    thanks for ur comment n readng my post.......
    whitekoundinya.blogspot.com

    ReplyDelete