Infosys started with wife’s 10 thousand rupees
Sudha Murthy has played an important role in the establishment of Infosys Company. The foundation of this company was laid with ten thousand rupees of his savings. At that time, he did not even have enough money to rent a room for the company. Six months after its inception, on July 2, 1981, the company was registered as Infosys Private Limited, with the office address given as the house of Raghavan, a friend of Murthy’s and partner in the company. However, the room next to Murthy’s house was his Infosys office.
Infosys team formed like this
In 1981, Narayana Murthy, Nandan Nilekani, S Gopalakrishnan, SD Shibulal, K Dinesh and Ashok Arora left Patni Computers and started Infosys Consultants Pvt Ltd in Pune. In 1983, he got the first order from the New York-based company Data Basic Corporation. At present, the number of employees of the company is more than 50 thousand and the company has branches in 12 countries.
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It was the courage of Narayan Murthy that Infosys could reach this point. There was a time when, in view of the condition of the company, other partners of Murthy in the company were considering to sell it. In 1989, the collapse of KSA landed Infosys in trouble. One of the founders, Ashok Arora, had also left the company. The other founders could not understand anything further. Then the idol appeared. He told his colleagues, if you all want to leave the company, then you can go. But, I will not leave and build the company. Nilekani, Gopalakrishnan, Shibulal, Dinesh and Raghavan decided to stay and have been connected ever since.
Start business for 3 lakhs with government help, earning 8000 months
entry for general public
Infosys shares were made public in 1993. The name of the company was also changed and it was now renamed as Infosys Technologies. Under public offerings, initially the price of one share was kept at Rs 95. In 1994, 5,50,000 shares were offered to the public at the rate of Rs 450 per share.
In 1999, Infosys touched the $100 million mark. In the same year, it became the first IT company in India to be listed on Nasdaq. In 1999, the share price of the company reached Rs 8,100. With this it became the most expensive stock. Then Infosys joined the 20 largest companies listed on Nasdaq in terms of market capitalization.
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Tags: infosys, Narayana Murthy, software company