Along with wealth creation for the benefit of shareholders, social concern in the interest of not only the stakeholders but the society at large as well is highly important. Infosys wealth and welfare strategically. One of the core values of the company is a strong sense of social responsibility and helping the people & community.
Philanthropy: The Infosys way Having founded the Infosys foundation, the company strengthened its commitment to social causes like aiding the destitute and the disadvantaged people. One percent of Infosys’ profit goes to the foundation annually(post taxation). The foundation emphasises on healthcare, education and promotion of arts & culture
Philanthropy: The Infosys way contd. In 2003-04 Infosys initiated 3 social programmes to improve the computer literacy among rural people, including the teachers in those areas. Along with Microsoft, Infosys launched a programme, computer@classrooms, giving away old computers to educational institutions.
Infosys Foundation The foundation was started as a support to the underprivileged in the society in Karnataka (1996). Today the operations extend to the sates of Andhra Pradesh, Tamil Nadu, Maharashtra, Orissa & Punjab. The foundation focuses on improving healthcare, education and basic facilities in the society.
Health Care: constructed hospitals, donated expensive equipments and distributed medicines for free. Social Rehabilitation & Rural Upliftment: constructed orphanages, girls’ hostels, shelters and undertook various initiatives to help the needy. Learning & Education: undertook ‘A Library for Every School’, the largest education programme in India. Provided scholarships and even constructed schools in rural areas. Arts & Culture: donated cassettes & players in Karnataka, held puppet shows and encouraged artists to perform.
Other Major Contributions Infosys Technologies donated ` 50 million to the Prime Ministers relief fund, to assist the tsunami victims. Instituted the Infosys Fellowship programme(1999) to foster excellence in education. Offered funds to 5 IITs and 3 IIMs for PhD programmes, granting ` 900,000 per fellowship.