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.
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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

1981: Seven
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.

1999: Annual revenues cross 100 m