With clients in more than 30 countries, employee base of 160,000+ people and revenue of $8.25 billion in FY14, Infosys aims at building tomorrow's enterprise. However, the overnight success of Infosys in 1991 has 10 long years of dedication and vision to impact the professional IT world. Here we present you some of the interesting facts about the first Indian IT giant.
- Infosys was launched in 1981 by Mr. Narayana Murthy with six other colleagues on a mere $250 (10000 INR) borrowed from his wife.
- Infosys was established in 1981. However, it took almost two years for Infosys to install their first computer. Their first computer was installed in February 1984.
- Infosys’ idea was to add value from India. They needed computers and telephone lines to achieve this. However, it took them a year to get a phone in Bangalore.
- When Infosys was first launched, the company was working solely with one customer, developing and installing a software package for a client’s business in New York. And gradually got other customers too.
- In 1990, Infosys was not making much profit. Seeing Infosys floundering, many offers poured in to buy it, some even proposing a sum of $1 million. Many colleagues considered this as a safe and necessary option. But in a five hours long discussion, Narayana Murthy stepped in against buying out and encouraged everyone to restart the marathon.
- The year of 1991 proved to be a turning point for Infosys, when liberalization happened. It helped in speeding up the decision-making in government and relaxing stringent rules in RBI. As a result, instant traveling became less troublesome, they could now get easy approvals for new computers and take independent decisions. It was only after 1991, when Infosys came into its actual capacity of being IT pioneer.
References
Story by: Abhijeet Agnihotri, IIT Patna- The Infosys Story
- Life lessons from Narayana Murthy
- Interview with Narayana Murthy
- Startup stories: Infosys
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