From 250 dollars to 2.1 billion: India’s Infosys story
BANGALORE, India, July 30, 2006 (AFP) – Twenty-five years ago, with an investment of just 250 dollars, a tiny software company took shape in a one-bedroom apartment in the western India city of Pune. Today Infosys Technologies has revenues of 2.1 billion dollars and employs 58,000 people in more than two dozen countries, ranking as India’s second largest software exporter.
Factfile on Infosys
technology entrepreneurs launch Infosys Technologies with an investment
of just 250 dollars in India’s financial hub of Pune. 1987: Opens first international office in the United States, its
main export market. 1992: Becomes a public limited company in India. 1993: Completes initial public offering in India. 1996: Launches Infosys Foundation to focus on social initiatives.
1997: Expands its presence by opening offices in Toronto, Canada.