IT 100 Special Report 2006 >



Infosys Technologies



This company has been flying high. With tech outsourcing activity on the rise, Infosys has doubled revenues from $1 billion in 2004, to $2 billion this year, with 30%-plus profits. As the company moves ahead with its ambitious global expansion plans, its biggest challenge is talent: The Indian tech-outsourcing industry will need 1 million more people over the next three years. Infosys gets more than 1 million applications a year, and hires and trains 15,000 new recruits annually. But with a shortage of talent, this year Infosys has made talent a priority, and will spend $100 million alone on training new and existing staffers. The company's also expanding its employee base beyond its 52,000 techies mostly in India. It's hiring permanent staff and even interns from top U.S. and European tech and business schools at its various operations in India and overseas, and doubling employee strength in its China operations to 1,000.

Company Info

2005 Rank


($ Millions)


Sales Growth
(over prev. year)

34 %

($ Millions)


Return on Equity

35.3 %

Total Return on Sales (12-mo.)


Share Price
As of 5/31/06




No. of Employees

Industry Services
*Trailing 12 months
Stock price data as of 5/31/06
DATA: Standard & Poor's Compustat

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Company Snapshot

Infosys Technologies Limited, a technology services company, together with its subsidiaries, engages in the design and delivery of information technology (IT) enabled business solutions. It provides various services, including consulting, design, custom application development, software reengineering, maintenance and production support, systems integration, package evaluation and implementation, testing services, operations and business process consulting, engineering services, and infrastructure management services. The company also offers software products to the banking industry. Infosys, through its subsidiary, Progeon, provides business process management services, such as offsite customer relationship management, finance and accounting, and administration and sales order processing. It serves clients in financial services, manufacturing, telecommunications, retail, utilities, logistics, and other industries in North America, Europe, and the Asia-Pacific region. Infosys Technologies was co-founded by N. R. Narayana Murthy, Nandan M. Nilekani, S. Gopalakrishnan, K. Dinesh, and S. D. Shibulal in 1981. The company was formerly known as Infosys Consultants Private Limited and changed its name to Infosys Technologies Private Limited in 1992. Further, it changed its name to Infosys Technologies Limited in 1992. The company is headquartered in Bangalore, India.

Data provided by Capital IQ
Nandan M. Nilekani

Nandan M. Nilekani

President and Chief Executive Officer

Nandan Nilekani is one of Infosys Technologies's co-founders and has been one of directors since July, 1981. Nilekani is Infosys Technologies' chief executive officer, president, managing director, and chairman of the management council. Prior to this, he served in various capacities with Infosys Technologies, including chief operating officer and head of the banking business Unit. Nilekani serves as member of the Investors Grievance Committee of Infosys Technologies. Nilekani is a co-founder of NASSCOM and the Bangalore chapter of The IndUS Entrepreneurs (TiE). He also serves on the London Business School's Asia Pacific Regional Advisory Board and is a member of the board of trustees of the Conference Board, an international research and business membership organization. Nilekani served as a member of the subcommittee of the Securities & Exchange Board of India that dealt with insider trading and as a member of the Reserve Bank of India's advisory group on corporate governance. Nilekani received a bachelor's degree in electrical engineering from IIT Bombay.

Executive Data provided by Capital IQ