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Infosys Ltd.

BSE: 500209 | NSE: INFY |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE009A01021 | SECTOR: Computers - Software

BSE Live

Jul 30, 15:50
1610.25 -6.60 (-0.41%)
Volume
AVERAGE VOLUME
5-Day
145,714
10-Day
407,798
30-Day
417,088
88,650
  • Prev. Close

    1616.85

  • Open Price

    1616.85

  • Bid Price (Qty.)

    1610.25 (167)

  • Offer Price (Qty.)

    1610.25 (35)

NSE Live

Jul 30, 15:59
1610.50 -6.50 (-0.40%)
Volume
AVERAGE VOLUME
5-Day
5,212,297
10-Day
5,510,048
30-Day
5,933,868
6,234,257
  • Prev. Close

    1617.00

  • Open Price

    1610.00

  • Bid Price (Qty.)

    1610.50 (1272)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

For Year :
2019 2018 2017 2016 2015 2014 2013 2012 2011

Chairman's Speech

What can one say about the coming of age of a child you loved, nurtured and protected? A child whose successes you rejoiced, and whose failures you suffered quietly. Commitment, admiration and affection for Infosys are unparalleled among my colleagues who always put the interest of this child first in every thing they do. Completing 25 years is a watershed event in anybody's life. It signals the arrival of a strong, confident, young person, ready to take on bigger challenges. Energy, enthusiasm, confidence, idealism, daring, openness and curiosity find utterance and fruition. Nothing seems impossible. This is when you move on to higher aspirations in life, and learn to accept failures with equanimity. We need all of this and more for Infosys to achieve bigger and more plausible targets. This journey of 25 years has been a symphonic marathon. It has been symphonic because every Infoscion, a maestro in one's own right, subordinated individual egos and interests to work as part of a fine team, and produced spectacular results year after year. It is a marathon since we have a long way to go before we hit the tape. There have been many happy events during these 25 years. Prominent among them are enrolling the first customer; arrival of the first employee; signing of the first million dollar contract; opening of the first sales office abroad; installation of our first computer - a DG MV/8000; inauguration of the Electronics City campus, the Global Education Center and the Infosys Leadership Institute; CMM Level 5 certification; listing in India and on NASDAQ; our first acquisition (in Australia); founding of Infosys Foundation, Progeon, Infosys Consulting and Infosys China; and reaching the magical figure of billion dollar in sales. There have been a few sad moments too - departure of valued colleagues; death of a few young Infoscions; loss of a few major contracts in spite of giving off our best; and the unacceptable behavior of a few Infoscions which brought disgrace to themselves and to the company. A great corporation must live for hundreds of years. Hence, we are still babies. Even these initial baby-years have taught us several lessons. These lessons are valuable not just for our future journey but for other corporations in the country and, perhaps, the world. Let me recount a few major ones. Aspiration is the main fuel for progress. Aspirations transform a set of ordinary people into extraordinary achievers. They provide mental and physical energy for people to convert plausible impossibilities into convincing possibilities. An enduring value system based on openness, honesty, integrity, meritocracy, fairness, transparency and excellence has raised our confidence and the confidence of our customers in the company. Sacrifices have become easy, natural and not a burden. It has given us courage to handle tough situations with confidence. Our experience has demonstrated that respect and dignity, challenging work and a promising career growth path are more important motivators for us than just money. People want to be part of a defining moment that transforms the society and the world. Emotional energy is an invaluable asset for a corporation. Performance leads to recognition. Recognition brings respect. Respect enhances power. Humility and grace in one's moments of power enhances dignity of an organization. Leadership by example is, perhaps, the most essential instrument to encourage youngsters to demonstrate commitment, dedication and sacrifice in any cause. Role models are powerful catalysts in raising the confidence, enthusiasm and energy of an entire generation. Openness to new ideas; strengthening the leadership of people with leadership of ideas by encouraging the youth; shunning biases and using data in every decision; and learning and adopting good practices from other cultures help a company become better and more confident. Becoming more relevant and creating greater impact on customers are the only means of strengthening relationship with customers. Innovation is an important instrument for this. Proactively obsoleting our own innovations by widely disseminating them creates good incentives for employees to continue innovation. An environment of openness, meritocracy, speed, imagination and excellence in execution are the only five context-invariant and time-invariant attributes for the success of a corporation. Progress is possible only if we measure improvements in every dimension of our operation and take timely corrective action. Global benchmarking has helped us emulate the best companies in the world in specific attributes and, in some cases, improve upon them to serve our customers better. Following the best practices of corporate governance attracts the best investors. Investors understand that every corporation will go through lean days. Bringing bad news to investors early and proactively enhances their trust in us. We have realized that it is better to focus on growing the wealth pie for every one of us rather than focusing on how to preserve it only for a few. In fact, this has been the main motivation in our experiment on democratization of wealth using stock options. Profit is just an opinion. The real happiness is cash in the bank. Cutting the coat according to the cloth is the surest way to be financially strong. Ships are safest in the harbor but they are not meant to be there. They have to sail long and hard and face stormy seas to reach the comfort of a desirable destination. Hence, progress requires us to take calculated risks and make bold moves. We have realized that corporations must reach out to the society if they want longevity. In a poor country like India, it is very important to build a fund of goodwill among the people. What is the contribution of Infosys to India, the main hub of our operations? In my opinion, Infosys is a shining example of the success of economic reforms introduced in 1991. We have demonstrated that it is possible to run business legally and ethically in India. Thanks to Infosys, a large number of youngsters have stayed back in India, and millions of youngsters in the country aspire to become entrepreneurs. The first large-scale experiment in democratization of wealth using stock options took place at Infosys. Infosys has taken the lead in raising the bar for corporate governance in India. We have demonstrated that Indian brands can receive attention in G-7 countries. What would I want Infosys to achieve in the next 25 years? I want Infosys to be a place where people of different genders, nationalities, races and religious beliefs work together in an environment of intense competition but utmost harmony, courtesy and dignity, to add more and more value to our customers day after day. I want it to be a place that practices Voltaire's much-celebrated statement: I disapprove of what you say, but 1 will defend till death your right to say it. I would like more women leaders to shape the future of Infosys. Finally, I would urge Infosys to choose a worthy dream, to go after it confidently, and to play a role that will make all of us proud in the years to come. But always, without fail, she should follow her bliss. Thousands of people, from all over the world, inside and outside Infosys have made the company reach this stage. There is no better way for Infosys to acknowledge their contribution than to express her appreciation by borrowing the words of my favorite soprano, Russell Watson: You raise me up, so I can stand on mountains; You raise me up, to walk on stormy seas; I am so strong, when I am on your shoulders; You raise me up: to more than I can be. N.R. Narayanamurthy Chairman