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Technology Services

Infosys Ltd.

Company Background

Infosys is India's second-largest information technology service company. It develops and maintains software for corporate customers and also provides a wide range of IT-related services, including consulting.


The company serves customers in more than 50 countries and has a global workforce of more than 160,000 people. Of its consolidated sales, more than 90% are generated in overseas markets, including the U.S.


Infosys symbolizes the Indian IT industry's rapid progress. It was established with $250 capital in 1981 by seven co-founders. It grew in the 1990s, mainly by winning contracts to develop software and systems for overseas clients. India's IT industry attracted attention when they handled contracts related to the Y2K problem, which was expected to lead to computer problems in 2000. Infosys rapidly moved up the ladder to become a global IT business. In 1999, it became the first Indian company to list on the Nasdaq in New York.


Co-founders and their families have a combined equity stake of more than 10% in Infosys. Since the company's establishment, four co-founders, including Narayana Murthy, served as CEOs. However, in 2014, Vishal Sikka, a former executive at German software maker SAP, became the company's first CEO from outside the group of co-founders.


Business Summary

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.

Financial Highlights

Mar 2023 INRUSD
Gross Profit388,850M4,838.48M
Operating income313,760M3,904.13M
Income before tax333,220M4,146.27M
Net income240,950M2,998.15M
Diluted EPS57.530.71
Dividends Per Share340.42
Total Assets1,258.16B15,309.34M
Total liabilities499,780M6,081.34M
Total equity754,070M9,175.55M
Operating cash flow239,920M2,985.33M
Currency in INRCurrency in USD

Historical Data

 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 826,750M 907,910M 1,004.72B 1,216.41B 1,467.67B
Gross Profit 288,080M 257,850M 301,030M 344,840M 388,850M
Operating income 191,460M 197,590M 250,610M 284,410M 313,760M
Income before tax 210,410M 220,070M 266,280M 301,100M 333,220M
Net income 154,040M 165,940M 193,510M 221,100M 240,950M
EBITDA 211,570M 226,520M 283,280M 319,170M 356,010M
Diluted EPS 35.38 38.90 45.52 52.41 57.53
Dividends Per Share 17.50 17.50 27 31 34
Total Assets 847,380M 927,680M 1,083.86B 1,178.85B 1,258.16B
Total liabilities 196,900M 268,810M 315,470M 420,850M 499,780M
Total equity 649,480M 654,500M 763,510M 753,500M 754,070M
Operating cash flow 163,980M 189,320M 246,420M 257,830M 239,920M
 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 11,820.39M 12,804.41M 13,534.31M 16,325.54M 18,262.30M
Gross Profit 4,118.80M 3,636.50M 4,055.09M 4,628.12M 4,838.48M
Operating income 2,737.38M 2,786.64M 3,375.89M 3,817.09M 3,904.13M
Income before tax 3,008.31M 3,103.68M 3,586.98M 4,041.08M 4,146.27M
Net income 2,202.37M 2,340.28M 2,606.72M 2,967.40M 2,998.15M
EBITDA 3,024.90M 3,194.65M 3,815.98M 4,283.60M 4,429.85M
Diluted EPS 0.50 0.54 0.61 0.70 0.71
Dividends Per Share 0.25 0.24 0.36 0.41 0.42
Total Assets 12,232.11M 12,262.58M 14,824.29M 15,557.24M 15,309.34M
Total liabilities 2,842.29M 3,553.27M 4,314.78M 5,553.94M 6,081.34M
Total equity 9,375.38M 8,651.54M 10,442.76M 9,943.91M 9,175.55M
Operating cash flow 2,344.49M 2,670.01M 3,319.45M 3,460.35M 2,985.33M

Valuation Measures

Mar 2023
Operating margin21.37%
Profit margin16.41%

Key executives

  • Chief Executive Officer, MD & Executive Director: Salil S. Parekh
  • Chief Financial Officer: Nilanjan Roy
  • Executive VP-Communications, Media & Technology: Anand Swaminathan
  • Chief Compliance Officer & Group General Counsel: Inderpreet Sawhney
  • Executive VP & Deputy Chief Financial Officer: Jayesh Sanghrajka


  • Life Insurance Corporation of India (Investment Portfolio) (6.2%)
  • SBI Funds Management Pvt Ltd. (4.0%)
  • The Vanguard Group, Inc. (2.6%)
  • ICICI Prudential Asset Management Co. Ltd. (2.4%)
  • GIC Pte Ltd. (Investment Management) (2.3%)
  • BlackRock Fund Advisors (1.9%)
  • UTI Asset Management Co. Ltd. (Investment Management) (1.5%)
  • HDFC Asset Management Co. Ltd. (Invt Mgmt) (1.4%)
  • MURTHY ROHAN (1.4%)

Contact Details

  • Website:
  • Address: Electronics City, Hosur Road, Bangalore, 560100, India
  • Phone: +91.80.28520261

Related Companies

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  • Infosys Ltd. (United Arab Emirates)
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  • Infosys Innovation Fund /Venture Capital/


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Last Updated on 7 Jun, 2023

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