Jump to content

Infosys

From Wikipedia, the free encyclopedia
(Redirected from Infosys Technologies)

Infosys Limited
Infosys
Company typePublic
ISININE009A010321
IndustryInformation technology Consulting
Outsourcing
Founded2 July 1981; 43 years ago (2 July 1981) in Pune, India
Founders
Headquarters
Bangalore, Karnataka
,
India
Area served
Worldwide
Key people
Nandan Nilekani (chairman)
Salil Parekh (MD & CEO)[1]
Products
RevenueIncrease ₹158,381 crore (US$19 billion) (2024)[2]
Increase ₹35,988 crore (US$4.3 billion) (2024)[2]
Increase ₹26,248 crore (US$3.1 billion) (2024)[2]
Total assetsIncrease ₹137,814 crore (US$17 billion)[3] (2024)
Total equityIncrease ₹88,461 crore (US$11 billion)[3] (2024)
Number of employees
317,240 (March 2024)[4]
Divisions
RatingCRISIL AAA / Stable / CRISIL A1+
Websiteinfosys.com
Footnotes / references
[5]

Infosys Limited is an Indian multinational technology company that offers business consulting, information technology, and outsourcing services. Founded in Pune, the company is headquartered in Bengaluru, Karnataka.[6]

On 24 August 2021, Infosys became the fourth Indian company to achieve a market capitalization of US$100 billion.[7][8] As of 2024, Infosys is the second-largest Indian Big Tech company by revenue and market capitalization.[6]

Infosys has also attracted controversies due to allegations of visa and tax fraud in the United States and for creating malfunctioning government websites.

History

[edit]

Infosys was founded by seven engineers in Pune, Maharashtra, India, with an initial capital of $250.[9] It was registered as Infosys Consultants Private Limited on 2 July 1981.[10] In 1983, it relocated to Bengaluru, Karnataka.

The company changed its name to Infosys Technologies Private Limited in April 1992 and became Infosys Technologies Limited when it became a public limited company in June 1992.[11] In June 2011, the company was renamed Infosys Limited.[12]

In February 1993, Infosys launched its initial public offering (IPO) with an offer price of ₹95 per share, compared to a book value of ₹20 per share. The IPO was initially undersubscribed but was "bailed out" by US investment bank Morgan Stanley, which acquired a 13% equity stake at the offer price.[13] When trading began in June 1993, the share price opened at ₹145 per share.[14]

Infosys shares were listed on the Nasdaq stock exchange in 1999 as American depositary receipts (ADRs), making it the first Indian company to be listed on Nasdaq.[citation needed] The share price rose to ₹8,100 by 1999, making it the most expensive share on the market at the time. Infosys was then among the top 20 companies by market capitalization on the Nasdaq.[13] The ADR listing was later transferred from Nasdaq to NYSE Euronext to provide European investors with better access to the company's shares.[15]

In July 2010, then-British Prime Minister David Cameron visited Infosys HQ in Bangalore and addressed the company's employees.[16]

Infosys, Bangalore

In 2012, Infosys announced the opening of a new office in Milwaukee, Wisconsin, to serve Harley-Davidson.[17][18] In 2011, Infosys hired 1,200 U.S. employees, and by 2012, it had expanded its workforce by an additional 2,000 employees.[18]

In July 2014, Infosys launched a product subsidiary named EdgeVerve Systems, focusing on enterprise software products for business operations, customer service, procurement, and commerce network domains.[19] In August 2015, assets from Finacle Global Banking Solutions were transferred from Infosys, making them part of the EdgeVerve Systems product portfolio.[20]

Infosys surpassed US$10 million in annual revenue in FY 1995, US$100 million in FY 1999, US$1 billion in FY 2004, and US$10 billion in FY 2017. In FY 2023, its revenue stood at US$18 billion.[21]

Infosys announced the launch of Aster in June 2024, an AI-powered platform designed to improve marketing efficiency through the use of artificial intelligence.[22]

Services and products

[edit]

Infosys offers software development, maintenance, and independent validation services across industries such as finance, insurance, manufacturing, among others.[23] Through its subsidiary Infosys Consulting, it provides consulting services in digital experience, cloud,[24] data analytics, artificial intelligence, engineering,[25] and sustainability.[26] Its subsidiary Infosys BPM provides outsourcing services for business processes such as finance, procurement, customer service, and HR.[27]

Infosys offers digital products and platforms for digital transformation, including Finacle, Panaya, Infosys Equinox, Infosys Meridian, EdgeVerve and Infosys Cortex.[28][29] Finacle is a banking solution that supports financial institutions in improving their customer service capabilities. Panaya is a platform that assists organizations in accelerating application delivery and innovation. Infosys Equinox is a digital commerce platform designed for facilitating user-friendly and personalized shopping experiences. Infosys Meridian is a workplace platform for increased productivity in remote and hybrid work environments.[30]

Acquisitions

[edit]
See also: Infosys BPM § Acquisitions
Name Based in Acquisition cost Acquisition date Business
Expert Information Services Australia $23 million Dec 2003[31][32] IT services
Gen-i Software New Zealand Undisclosed Jun 2011[33] Software consulting
Lodestone Holding Switzerland $345 million Sep 2012[34] Management consultancy
Panaya Israel $200 million Mar 2015[35][36] Automation technology
Skava (Kallidus) United States $120 million Apr 2015[37][38] Digital experience solutions
Noah Consulting United States $70 million Nov 2015[39] Information management consulting services
Skytree United States Undisclosed Apr 2017[40] Machine learning
Brilliant Basics United Kingdom £7.5 million Aug 2017[41] Product design and customer experience
Fluido Oy Finland €65 million Oct 2018[42] Salesforce advisor and consulting partner
WongDoody United States $75 million Jan 2019[43] Advertising and creative strategy services
Stater N.V. Netherlands €127.5 million Apr 2019[44] Mortgage services
Simplus United States $250 million Feb 2020[45] Salesforce consulting
Kaleidoscope United States $42 million Sep 2020[46] Product design and development
GuideVision Czech Republic €30 million Sep 2020[47] ServiceNow partner
Blue Acorn iCi United States $125 million Oct 2020[48] Digital transformation
Carter Digital Australia Undisclosed Jan 2021[49] Design agency
Oddity Germany €50 million Mar 2022[50] Digital marketing
BASE life science Denmark €110 million Jul 2022[51] Life science consulting and technology
InSemi India ₹280 crore Jan 2024[52] Semiconductor design services
in-tech Germany €450 million Apr 2024[53] Engineering R&D services

Listing and shareholding pattern

[edit]
Main block in the Chennai campus

In India, Infosys shares are listed on the BSE, where it is a part of the BSE SENSEX, and on the NSE, where it is included in the NIFTY 50 index.[54] Infosys also trades its shares through American depositary receipts (ADRs) on the New York Stock Exchange.[55]

Over the years, the shareholding of Infosys's promoters has steadily decreased. This trend began in June 1993, when Infosys first listed its shares. The promoter holdings further declined when Infosys became the first Indian-registered company to list Employee Stock Options Schemes and ADRs on NASDAQ on 11 March 1999.[56]

A building in Thiruvananthapuram campus
Infosys shareholding and stakeholders pattern (as of 31 March 2024)[57]
Shareholders Shareholding
Promoters group 014.61%
Foreign institutional investors (FII) 032.74%
Domestic institutional investors (DII) 037.59%
Public 014.81%
Others 0 0.25%
Total 100.00%

Operations

[edit]

Geographical presence

[edit]
Glass building in Pune campus

As of 31 March 2024, Infosys operates 94 sales and marketing offices and 139 development centers globally. The company's operations are spread across key regions, including India, the United States, Canada, China, Australia, Japan, the Middle East, and Europe.[58]

In the fiscal year 2023-2024, Infosys generated approximately 61% of its revenue from North America, 25% from Europe, 3% from India, and 11% from other regions, including the Middle East, Australia, and Japan.[59]

Infosys faced scrutiny following the invasion of Ukraine on 24 February 2022. The company clarified that it had no active relationships with Russian firms.[60][61] By November 2022, only administrative staff remained, handling the transfer of contracts to other contractors.[62]

Employees

[edit]

As of 31 March 2024, Infosys employed a total of 343,234 people, commonly referred to as "Infoscions," with 40.1% of them being women.[63] Of this workforce, 302,850 are software professionals, while the remaining 40,384 are engaged in support and sales roles.[63] In 2023, 85% of Infosys' employees were located in India.[64]

During the fiscal year 2024, Infosys received 3,025,412 applications from prospective employees, interviewed 225,678 candidates, and made a gross addition of 127,876 employees, reflecting a hiring rate of approximately 4.2%. These figures exclude its subsidiaries.[65]

In its Q3FY24 results, announced in January, Infosys reported an attrition rate of 19.7%, down from 21.5% in the previous quarter. The company also announced plans to hire 60,000 new graduates for FY24 as part of its global graduate hiring initiative.[66]

Training centre in Mysore

[edit]
The Development Centre on the Mysore campus

As the world's largest corporate university, the Infosys Global Education Centre, located on a 337-acre[67] campus, features 400 instructors and over 200 classrooms,[68] adhering to international benchmarks. Established in 2002, it had trained approximately 125,000 engineering graduates by June 2015.[68] The centre can accommodate and train up to 14,000 employees at any given time across various technologies.[69][70]

The Infosys Leadership Institute (ILI), located in Mysore, features 196 rooms and trains approximately 4,000 trainees annually.[70] Its primary objective is to cultivate and develop senior leaders within Infosys, preparing them for both current and future executive roles.

Additionally, the Infosys Training Centre in Mysore offers a range of extracurricular facilities, including tennis courts, badminton and basketball courts, a swimming pool, a gym, and a bowling alley. The campus also features an international-standard cricket ground, approved by the BCCI.

CEOs

[edit]

From its establishment in 1981 until 2014, Infosys' CEOs were its founders, with N. R. Narayana Murthy leading the company for the initial 21 years. Dr. Vishal Sikka was the first external CEO, serving for approximately three years.[71][72][73] Sikka resigned in August 2017. Following his departure, UB Pravin Rao was appointed as Interim CEO and Managing Director of the company.[74] Infosys appointed Salil Parekh as Chief Executive Officer (CEO) and Managing Director (MD), effective from 2 January 2018.[75][76]

List of CEOs
Name Period
N. R. Narayana Murthy 1981 to March 2002
Nandan Nilekani March 2002 to April 2007
Kris Gopalakrishnan April 2007 to August 2011
S. D. Shibulal August 2011 to July 2014
Vishal Sikka August 2014 to August 2017
U. B. Pravin Rao (interim) August 2017 to December 2017[74]
Salil Parekh January 2018 onwards[77]

Controversies

[edit]

Settlement of tax fraud in the US

[edit]

In December 2019, the Attorney General of California, Xavier Becerra, announced an $800,000 settlement involving Infosys and its BPM (Business Process Management) subsidiary. Between 2006 and 2017, nearly 500 Infosys employees were found to be working in the state on Infosys-sponsored B-1 visas instead of the required H-1B visas, according to an official statement on the State of California’s website.[78][79]

This misclassification enabled Infosys to avoid paying California payroll taxes, including unemployment insurance, disability insurance, and employment training taxes.[80][81]

Accusation of visa fraud in the US

[edit]

In 2011, Infosys was accused of visa fraud for using B-1 (visitor) visas for work that required H-1B (work) visas. The allegations originated from an internal complaint by an American employee of Infosys, who subsequently filed a lawsuit against the company, claiming harassment and marginalization after raising the issue. Although the lawsuit was dismissed,[82] along with another similar case,[83][84][85] these allegations were brought to the attention of U.S. authorities, leading to investigations by the U.S. Department of Homeland Security and a federal grand jury.[86]

In October 2013, Infosys agreed to settle the civil suit with U.S. authorities by paying $34 million. While the company did not admit guilt, it stated that it settled to avoid the complications of "prolonged litigation".[87] Infosys asserted that, "As reflected in the settlement, Infosys denies and disputes any claims of systemic visa fraud, misuse of visas for competitive advantage, or immigration abuse. Those claims are untrue and are assertions that remain unproven."[88]

Malfunctioning government portals

[edit]

In 2013, technical issues emerged after Infosys took over the MCA21 portal from Tata Consultancy Services.[89][90] Similar problems arose in 2016 after a system migration and version update.[91][92]

In 2020, the finance ministry identified glitches in the GSTN portal, leading to a summons for Infosys executives.[93][94] In 2022, chartered accountants and tax professionals raised concerns over technical issues with the GSTN portal.[95][96]

In 2021, the newly launched Income Tax portal, developed by Infosys, encountered multiple glitches. Despite a summons for Infosys CEO Salil Parekh, the issues remained unresolved for months, forcing an extension of the tax filing deadline.[97][98] In 2022, users continued to report malfunctions and issues on the first anniversary of the portal's launch.[99][100][101]

See also

[edit]

References

[edit]
  1. ^ "Infosys appoints Salil S. Parekh as CEO and Managing Director". The Economic Times. Archived from the original on 2 December 2017. Retrieved 2 December 2017.
  2. ^ a b c "Consolidated Financial Data - Fourth Quarter, Fiscal 2024" (PDF). Infosys. Retrieved 20 April 2024.
  3. ^ a b "Infosys Consolidated Profit & Loss account, Infosys Financial Statement & Accounts" (PDF). www.infosys.com. Retrieved 13 April 2023.
  4. ^ "In a first, IT services major Infosys sees a drop in net headcount". Business Standard. Retrieved 20 April 2024.
  5. ^ "Results for the Fourth Quarter and Year ended March 31, 2020" (PDF). Infosys Ltd. Archived (PDF) from the original on 13 April 2019. Retrieved 13 April 2018.
  6. ^ a b "Infosys Overview". Infosys. Retrieved 17 August 2024.
  7. ^ "Infosys becomes 4th Indian company to touch $100 bn market cap". The Times of India. Retrieved 25 August 2021.
  8. ^ Salil, K. (24 August 2021). "Infosys becomes fourth Indian company to reach market cap of $100 billion". The Federal. Retrieved 31 August 2021.
  9. ^ "Major events in the history of Infosys". Rediff.com Business. Archived from the original on 7 October 2017. Retrieved 17 August 2024.
  10. ^ "Company History of Infosys". Moneycontrol.com. Archived from the original on 7 October 2017. Retrieved 7 October 2017.
  11. ^ "Not Just Narayana Murthy, Here's The Untold Story Of Infosys' Six Other Co-Founders". IndiaTimes. 12 October 2023. Retrieved 17 August 2024.
  12. ^ "About Infosys". Infosys. Archived from the original on 27 September 2013. Retrieved 17 August 2024.
  13. ^ a b "Infosys Technologies Bio". in.com. Archived from the original on 22 July 2013. Retrieved 7 July 2013.
  14. ^ "Equity Shares Information". Infosys. Archived from the original on 22 June 2013. Retrieved 17 August 2024.
  15. ^ "Infosys to shift listing of ADS to NYSE Euronext from Nasdaq". Infosys. 30 November 2012. Archived from the original on 7 October 2017. Retrieved 17 August 2024.
  16. ^ "British Prime Minister David Cameron's speech at Infosys in India". Gov.uk. Retrieved 17 August 2024.
  17. ^ "Services: The next big thing". The Economist. 19 January 2013. Archived from the original on 27 June 2013. Retrieved 17 August 2024.
  18. ^ a b "Infosys to expand its U.S. operations with a new Delivery Center in Wisconsin" (PDF). Infosys.com. Archived (PDF) from the original on 1 November 2013. Retrieved 17 August 2024.
  19. ^ "Edgeverve is born". Business Standard. 17 November 2014. Archived from the original on 22 December 2015. Retrieved 17 August 2024.
  20. ^ "Finacle joins Edgeverve". Business Standard. 5 September 2015. Archived from the original on 22 December 2015. Retrieved 17 August 2024.
  21. ^ "Annual Reports From 1993 Onwards - Investors". Infosys. Retrieved 17 August 2024.
  22. ^ "Infosys launches Aster for AI-powered marketing for business growth". Business Standard. Retrieved 17 August 2024.
  23. ^ "Infosys realigns organisation structure". The Financial Express. 16 February 2015. Archived from the original on 19 February 2015. Retrieved 4 March 2015.
  24. ^ "Infosys Cobalt: Cloud-Based Enterprise Transformation Services". www.infosys.com. Retrieved 17 August 2024.
  25. ^ "Enhance Business Value With Digital Engineering Services | Infosys". www.infosys.com. Retrieved 17 August 2024.
  26. ^ "Management Consulting Services". www.infosys.com. Retrieved 17 September 2024.
  27. ^ "Infosys Ltd - Company Profile and News - Bloomberg Markets". www.bloomberg.com. Retrieved 17 September 2024.
  28. ^ "Infosys Reviews, Ratings & Features 2024 - Gartner Peer Insights". www.gartner.com. Retrieved 17 September 2024.
  29. ^ "Infosys Limited (INFY) Company Profile & Facts - Yahoo Finance". www.yahoo.com. Retrieved 17 September 2024.
  30. ^ "Infosys - Innovation-Led Business Growth for Global Enterprises - Products & Platforms". www.infosys.com. Retrieved 17 September 2024.
  31. ^ "Infosys to buy Australian firm Expert for $22.9 m". The Hindu. 19 December 2003. Archived from the original on 21 September 2009. Retrieved 7 October 2017.
  32. ^ "Infosys Media Release – Infosys announces agreement to acquire Expert" (PDF). Infosys. 18 December 2003. Archived (PDF) from the original on 8 July 2017. Retrieved 7 October 2017.
  33. ^ "Infosys acquires Gen-i's software solutions business". The Times of India. 8 June 2011. Retrieved 28 August 2024.
  34. ^ "Infosys acquires Swiss firm Lodestone for Rs. 1,925 crore". The Hindu. 10 September 2012. Archived from the original on 27 September 2013. Retrieved 22 June 2013.
  35. ^ "Infosys buys automation technology startup Panaya, deal valued at Rs 1200 crore". The Economic Times. 17 February 2015. Archived from the original on 7 October 2017. Retrieved 7 October 2017.
  36. ^ Mahalingam, T. V.; Mendonca, Jochelle; Balasubramanyam, K. R.; Talgeri, Kunal. "Infosys' $200 million Israeli software company Panaya is in the eye of the storm". The Economic Times. Archived from the original on 4 October 2017. Retrieved 7 October 2017.
  37. ^ "Infosys Completes Acquisition of Skava". Infosys Limited. 4 June 2015. Archived from the original on 8 July 2017. Retrieved 7 October 2017.
  38. ^ "Infosys completes Skava acquisition for $120 million". The Economic Times. 4 June 2015. Archived from the original on 7 October 2017. Retrieved 7 October 2017.
  39. ^ "Infosys completes acquisition of Noah Consulting". The Economic Times. Archived from the original on 7 February 2017. Retrieved 3 February 2017.
  40. ^ "Infosys is reaching for the sky with holistic automation strategy". Horses for Sources. 26 April 2017. Archived from the original on 20 June 2019. Retrieved 20 June 2019.
  41. ^ "Infosys completes Brilliant Basics acquisition". Money Control. 11 September 2017. Archived from the original on 7 October 2017. Retrieved 7 October 2017.
  42. ^ "Infosys Consulting buys Finnish Salesforce partner Fluido Oy for €65 million". Consultancy.eu. 17 September 2018. Archived from the original on 20 June 2019. Retrieved 20 June 2019.
  43. ^ "Wongdoody Joins Infosys". wongdoody.com. Archived from the original on 16 January 2019. Retrieved 15 January 2019.
  44. ^ Zacks, Publisher. "Infosys Ups the Ante in Mortgage Servicing With Stater Buyout". NASDAQ. Retrieved 29 September 2020.
  45. ^ Mendonca, Jochelle (11 February 2020). "Infosys to pay as much as $250 million for Simplus acquisition". The Economic Times. Retrieved 17 August 2024.
  46. ^ "Infosys to acquire US-based firm Kaleidoscope for $42 mn". The Economic Times. Retrieved 29 September 2020.
  47. ^ "Czech-based GuideVision joins consulting arm of Infosys". Consultancy.eu. Retrieved 30 September 2020.
  48. ^ Baruah, Ayushman (8 October 2020). "Infosys to acquire US-based Blue Acorn iCi for up to $125 million". Mint. Retrieved 28 August 2024.
  49. ^ "Infosys to acquire assets, onboard employees of Australia's Carter Digital". Business Standard. 13 January 2021. Retrieved 28 August 2024.
  50. ^ "Infosys to acquire German digital marketing firm Oddity for Euro 50 mn". Retrieved 22 March 2022.
  51. ^ Ishwarbharath, Sai (13 July 2022). "Infosys to acquire BASE life science for €110 million". The Economic Times. ISSN 0013-0389. Retrieved 7 December 2023.
  52. ^ "Infosys Acquires Leading Semiconductor Design Services Provider, InSemi for Rs 280 Crore". ibmot. 13 January 2024. Retrieved 13 January 2024.
  53. ^ "Infosys to acquire 100% stake in German firm in-tech for €450 million". CNBCTV18. 18 April 2024. Retrieved 17 August 2024.
  54. ^ "Stock Share Price | Get Quote | BSE". www.bseindia.com. Retrieved 17 August 2024.
  55. ^ Selina, Hossain (20 April 2020). "Infosys Q4 results: Profit rises 6% to Rs 4,321 crore; firm suspends guidance". The Economic Times. Retrieved 9 May 2020.
  56. ^ Ramesh (29 March 1999). "Bangalore-based software firm Infosys becomes first Indian company to list on Nasdaq". India Today. Archived from the original on 10 March 2018. Retrieved 9 March 2018.
  57. ^ "Infosys shareholdings: Find Infosys Shareholding Pattern and Ownership" (PDF). Infosys.com. Retrieved 16 August 2024.
  58. ^ About Us, Infosys.com, retrieved 17 August 2024
  59. ^ Infosys Annual Report 2023-24 (PDF), Infosys.com, retrieved 16 August 2024
  60. ^ "Rishi Sunak faces questions over wife Akshata Murty's non-dom tax status". BBC News. 25 March 2022. Retrieved 7 April 2022.
  61. ^ "Infosys has team of less than 100 in Russia, transitioning them outside: CEO Parekh". Business Today. 26 June 2022. Retrieved 13 December 2022.
  62. ^ "Infosys still operating from Russia eight months after saying it was pulling out". The Guardian. 4 November 2022. Retrieved 13 December 2022.
  63. ^ a b Ltd., Infosys (April 2024). "Infosys Annual Report FY23-24" (PDF). Infosys. infosys.com. Retrieved 17 August 2024.
  64. ^ "Infosys net profit, revenue beat expectations". The Economic Times. Retrieved 17 August 2024.
  65. ^ Infosys. "Infosys Annual Report FY23-24" (PDF). Infosys. Retrieved 17 August 2024.
  66. ^ "Infosys Q3FY24 Results". The Economic Times. Retrieved 17 August 2024.
  67. ^ "Infosys campus reflects commitment to a greener world". Infosys. Archived from the original on 27 September 2013. Retrieved 9 September 2013.
  68. ^ a b "Infosys has trained 100,000 graduates at Mysore campus". Mathrubhumi. 1 June 2012. Archived from the original on 28 September 2013. Retrieved 9 September 2013.
  69. ^ "Infosys builds world's biggest training centre in Mysore". Mysore Samachar. 9 September 2013. Archived from the original on 22 September 2013. Retrieved 17 August 2024.
  70. ^ a b "Infy plans biggest training centre". The Economic Times. 18 June 2004. Archived from the original on 10 November 2013. Retrieved 17 August 2024.
  71. ^ "Infosys Names Vishal Sikka First External CEO; Chairman Murthy to Step Down". NDTV Gadgets. 12 June 2014. Archived from the original on 3 July 2015. Retrieved 17 August 2024.
  72. ^ "Infosys to appoint Dr. Vishal Sikka as Chief Executive Officer & Managing Director". Infosys Limited. Archived from the original on 3 July 2015. Retrieved 17 August 2024.
  73. ^ "Infosys to pay its CEO Vishal Sikka Rs. 30 Crores annually". news.biharprabha.com. Indo-Asian News Service. Archived from the original on 7 July 2014. Retrieved 17 August 2024.
  74. ^ a b Mandavia, Megha. "vishal-sikka-resigns-as-md-ceo-of-infosys". The Economic Times. Archived from the original on 20 August 2017. Retrieved 17 August 2024.
  75. ^ "Ten Things to Know About Salil S Parekh, the new Infosys CEO and MD | Upcoming IPO Calendar". Archived from the original on 4 December 2017. Retrieved 3 December 2017.
  76. ^ "Infosys appoints Capgemini's Salil Parekh as MD & CEO". The Times of India. Archived from the original on 3 December 2017. Retrieved 17 August 2024.
  77. ^ "Salil S Parekh to take over as CEO and MD of Infosys". The Times of India. 2 December 2017. Archived from the original on 3 December 2017. Retrieved 2 December 2017.
  78. ^ "Attorney General Becerra Announces $800,000 Settlement Against Infosys for Misclassification of Foreign Workers and Tax Fraud". State of California – Department of Justice – Office of the Attorney General. 17 December 2019. Retrieved 23 October 2020.
  79. ^ "Infosys to Settle Visa Violation Case in California for $800,000". The Hindu. 18 December 2019. ISSN 0971-751X. Retrieved 23 October 2020.
  80. ^ Phadnis, Shilpa (19 December 2019). "Infosys Pays California $800,000 to Settle Visa Case". The Times of India. Retrieved 23 October 2020.
  81. ^ "Infosys to Pay $800,000 to Settle Worker Misclassification, Tax Fraud Charges". The Times of India. 18 December 2019. Retrieved 23 October 2020.
  82. ^ Preston, Julia (20 August 2012). "Judge Dismisses Infosys Suit". The New York Times. Archived from the original on 21 October 2012. Retrieved 29 October 2012.
  83. ^ "Former Employee Sues Infosys" Archived 9 July 2017 at the Wayback Machine, 9 August 2012, The Wall Street Journal
  84. ^ "'Infosys Slashed 80% of My Portfolio'" Archived 9 November 2012 at the Wayback Machine, Shayan Ghosh, 14 August 2012, Deccan Herald
  85. ^ "Infosys Says Settles Whistleblower...", 14 December 2012, The Indian Express
  86. ^ Thibodeau, Patrick (21 August 2012). "Whistleblower to Continue Helping U.S. Infosys Probe". Computerworld. Archived from the original on 2 November 2012. Retrieved 27 September 2012.
  87. ^ "Infosys to Pay $34m Fine Within 10 Days; Settlement Not to Affect Future Visas". The Times of India. 31 October 2013. Archived from the original on 3 November 2013. Retrieved 2 November 2013.
  88. ^ "Infosys Settles Visa Fraud Investigation, Pays $34m". The Times of India. 30 October 2013. Archived from the original on 2 November 2013. Retrieved 2 November 2013.
  89. ^ "MCA Portal Cripples After Switching Vendor from TCS to Infosys on January 17". The Economic Times. Retrieved 10 July 2024.
  90. ^ "Infosys Earlier Drew Flak for MCA21, GSTN Portal 'Issues'". The Indian Express. 22 June 2021. Retrieved 30 October 2022.
  91. ^ "MCA21 Woes: Corporate Affairs Ministry Might Deduct Payments to Infosys". The Hindu. 26 April 2016. Retrieved 10 July 2024.
  92. ^ "Why the MCA21 Portal Is a Pain to Use". Mint. Retrieved 10 July 2024.
  93. ^ "FinMin Flags 17 'Areas of Dissatisfaction' with Infosys-Designed GSTN". Business Standard. Retrieved 10 July 2024.
  94. ^ "GST Glitches: Top Infosys Executives Get Summons from Finance Ministry". The Times of India. 31 January 2020. Retrieved 10 July 2024.
  95. ^ "Slow GST Portal: September Returns Filing Due Date May Be Extended". Zee Business. 21 October 2022. Retrieved 30 October 2022.
  96. ^ "GST at 5: Accountants Still Confront Major Issues in Filing Returns". Moneycontrol. 27 June 2022. Retrieved 30 October 2022.
  97. ^ "Finance Ministry Summons Infosys CEO Again on Tax Portal Glitches". The Hindu Businessline. Retrieved 10 July 2024.
  98. ^ "CBDT Extends Due Date for Filing of IT Returns for AY 2021-22 Till December 31". Hindustan Times. 9 September 2021. Retrieved 10 July 2024.
  99. ^ "Income Tax Portal Develops Snag on First Anniversary, Govt Asks Infosys to Look into Issue". The Economic Times. Retrieved 30 October 2022.
  100. ^ "Taxpayers Facing Issues in Accessing Income Tax Dept Portal; Infosys Reacts". HT Tech. 3 July 2022. Retrieved 30 October 2022.
  101. ^ "Infosys' I-T Portal Continues to Experience Glitch Issues Since Its Launch in June 2021". News18. 8 June 2022. Retrieved 30 October 2022.
[edit]
Wikimedia Commons has media related to Infosys.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Infosys&oldid=1263662484"