Infosys Limited is an Indian multinational information technology company that provides business consulting, information technology and outsourcing services. The company was founded in Pune and is headquartered in Bangalore.Infosys is the second-largest Indian IT company after Tata Consultancy Services by 2020 revenue figures and the 602nd largest public company in the world according to Forbes Global Ranking ranking.On 31 December 2020, its market capitalisation was $71.92 billion.
Infosys was founded by seven engineers in Pune, Maharastra, India with an initial capital of $250 in 1981.It was registered as Infosys Consultants Private Limited on 2 July 1981.In 1983, it relocated its office to Bangalore, Karnataka, India. An initial public offering was floated in February 1993 with an offer price of ₹95 (equivalent to ₹550 or US$7.80 in 2019) per share against a book value of ₹20 (equivalent to ₹120 or US$1.60 in 2019) per share. The IPO was undersubscribed but it was bailed out US investment bank Morgan Stanley, which picked up a 13% equity stake at the offer price.Its shares were listed in June 1993 with trading opening at ₹145 (equivalent to ₹850 or US$12 in 2019) per share.
In July 2014, Infosys started a product subsidiary called EdgeVerse system , focusing on enterprise software products for business operations, customer service, procurement and commerce network domains.In August 2015, the Finacle Global Banking Solutions assets were officially transferred from Infosys and became part of the product company EdgeVerve Systems product portfolio.
Source : Wikipedia