Infosys

INTRODUCTION In February 2001, Infosys Technologies Ltd. (Infosys)[1] was voted as the Best Managed Company in Asia in the Information Technology sector, in leading financial magazine Euromoneys Fifth Annual Survey of Best Managed Companies in Asia. Infosys was started in 1981, by seven [2] professional entrepreneurs led by Narayana Murthy, death chair and CEO of Infosys with an equity capital of Rs.10,000. By 2000, Infosys market capitalization reached Rs.11 meg and by 2001, Infosys was one of the biggest exporters of software from India. Narayana Murthy had built an presidential term that was respected across the country, with very strong systems, high respectable values and a nurturing working atmosphere. With his sound management skills, Narayana Murthy seemed to cast taken Infosys to the pinnacle of success in two decades. From a turnover of Rs.1.16 million in 1981, Infosys had grown to a Rs.19 billion political party in 2001. (Refer Tables I and II).There were many firsts to Narayana Murthys credit. Infosys was the first company to push for off-shore software development [3]as against body shopping that was approach during the 1980s. He championed corporate governance in India. Infosys was the first Indian company to follow the US Generally Accepted story Principles (GAAP) disclosure norms before going for a Nasdaq listing in 1999.

Narayana Murthy was also the recipient of many awards (Refer Exhibit I). TABLE I INFOSYS: pigment STATISTICS (1981-98) (in Rs million) YearTurnoverNet Profit 1981 1.16 0.38 198719.003.84 198827.504.90 1989(9 months)25.40 4.50 199150.00 n.a. 1992145.2035.00 Source: Business World, November 7, 1998. A In late 2000, Infosys became a total software go company. It had set up a software development core at Toronto as part its globalization strategy. Analysts felt that Narayana Murthy had non only managed his company well, he talked about the company at every opportunity that came his way. In the process, he... If you want to get a full essay, order it on our website: Orderessay

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