By :- NIKUNJ BHALODI HARESH DHANANI JAYDEEP PAREKH MANSI NANDANIN.R. Narayan Murthy S. Gopalakrishnan POOJA DOMADIYA(Founder) (CEO)
• India’s most popular & best managed IT company.• Infosys Limited (NYSE: INFY) was started in 1981 by seven people with US$ 250. Today, we are a global leader in consulting, technology and outsourcing with revenues of US$ 7.231 billion (LTM Q3 FY13).• Infosys has a global footprint with 67 offices and 69 development centres in US, India, China, Australia, Japan, Middle East, UK, Germany, France, Switzerland, Netherlands, Poland, Canada and many other countries. Infosys and its subsidiaries have 155,629 employees as on Dec 31, 2012.• Infosys gives back to the community through the Infosys Foundation that funds learning and education.• Its business activities attached in three pillars of corporate behavior, namely, Business Ethics, Corporate Governance & CSR.
• Vision: “to be globally respected corporation that provides best-of-breed solutions, leveraging technology, delivered by best-in-class people.” • Mission: “to achieve our objectives in an environment of fairness, honesty and courtesy towards our clients, employee vendors and society at large.” • Values: (C-LIFE) • Client Value: To surpass client expectationsVision consistently"We will be a globally respected corporation." • Leadership by Example: To set standards in ourMission business and transactions and be an exemplar"Strategic Partnerships for Building Tomorrow’s for the industry and ourselvesEnterprise." • Integrity and Transparency: To be ethical,Values sincere and open in all our transactionsWe believe that the softest support is a clear • Fairness: To be objective and transaction-conscience. The values that drive us underscore oriented, and thereby earn trust and respectour commitment to: • Excellence: To strive relentlessly, constantlyC-LIFE improve ourselves, our teams, our services and products to become the best
Q-1 : What are the factors that have contributed to Infosys remaining India’s most admired company? They have strong management system, Diversified their business in many fields:o Business process consultingo Software process consultingo Application development and support etc… World class working environment, Quality service, Rapid innovation, People centric approach – which motivates a lot to the employees, Mainly the values of the organization like….o Ethical organizationo Fairness, honest, transparencyo Very much ahead in corporate social responsibility.o Fulfilling all the requirements of corporate governance
• Infosys was voted as India’s best managed company for 6 consecutive years (1996-2000) by the Asian Money Poll.• Infosys won the 2011 Global Most Admired Knowledge Enterprises (MAKE) Award – the first and only Indian company to win the award eight times.• Infosys was recognized in Institutional Investor magazine’s 2011 All- Asia Executive Team rankings.• Infosys won the platinum Award in Asser Corporate 2010 Awards.• Business world rated as India’s Most Respected Company.• Infosys was ranked No.1 at the 2011 IR Global Rankings in India, in all four categories – Best IR website, Best Online Annual Report, Best Financial Disclosure and Best Corporate Governance Practices.• Infosys ranked fourth in the 2011 Bliss Leap Awards.• Infosys was ranked the Eighth Greenest Company in the world by Newsweek in 2011.
Q-2: One of the factors that have helped Infosys achieve an unparalleled success in its business is that it has focused on a people centric business enterprise. Do you agree? substantiate your answer. People Centric approach : – Infosys is following people centric approach from many years – Employees are increasing rapidly – They believes in skilled personnel – They are giving training to employees to make them experts The quality of their employee is the one which is giving edge over its competitor. Benefits from people centric approach: – It motivates employees – Increases job satisfaction of the employees – Quality service – Expertise in their work Other factors for Infosys Success: – Working at global level – Providing world class environment to employees – Quality service – Rapid innovation – Constant improvement in technology – Diversifying income sources to minimize risk – Global delivery model
Q-3: To what extent do you think the success of Infosys can be attributed to the unwavering commitment to the ethical trilogy of business ethics, corporate governance and corporate social responsibility?• Business Ethics:• Infosys has disclosed a code of ethics for its finance professionals and a whistle blower’s policy to encourage and protect employees, willing to share information on frauds, but who choose to remain unidentified.• In terms of ethical behavior, Infosys has an unwavering commitment to best global practices and has been driven by its vision to become a global player. It was one of the 1st Indian public companies to adopt voluntarily the US GAAP.
• Corporate Governance:• Infosys has become a large public company that conforms to internationally benchmarked standards of corporate governance.• Infosys has been rated highly in several corporate governance reports, including one by the rating agency CLSA, which has given it a high CG Star grade.• Infosys has set new and effective standards in communicating with shareholders, stock exchange and the general public.• Infosys pursues a value-based management methodology which measures performance on basis of such as brand value, economic value added, balance sheet, HR a/c and value added statements.• It continuously strives to improve itself on all these parameters.• Corporate Social Responsibility: CSR• Infosys Foundation Work as CSR.• They mainly considered: – Healthcare – Education – Culture – Rural Development
• Mission:-• In 1996, Infosys established the Infosys Foundation to support the underprivileged sections of society. Infosys contributes 1% of profit after tax to the Foundation for its campaign to improve the welfare of people in rural areas of India.• At the outset, the Infosys Foundation implemented programs in Karnataka. It subsequently covered Tamil Nadu, Andhra Pradesh, Maharashtra, Orissa, and Punjab in a phased manner.• Key Initiative• Healthcare:• A majority of Indians in rural areas cannot afford quality healthcare. According to a study by Price water house Coopers, 20 million people rank below the poverty line every year due to debts incurred from healthcare cost.• Making high-quality healthcare the norm is an on-going challenge. Since inception in 1996, the Infosys Foundation is making high-quality healthcare accessible to the underprivileged.• The Foundation has contributed towards the purchase of ambulances, incubators, air conditioner units, neonatal resuscitation equipment, drugs and medical facilities to various government hospitals, to the tune of US $10,395,010
• Education:• ‘Library for Every Rural School’, the Foundation set up over 40,000 school libraries at cost of approx. US $1,039,501 in Karnataka, which largest rural education program in the country.• They has been donating computers (over 5000 computer since 1997), is intended to fuel the digital revolution at the grassroots- level powering assess to knowledge and information.• This Foundation also conducts a “Teachers Training Program” in rural area.• Culture:• India has a rich heritage of art, literature and music. Ancient art forms can be passed down from generation to generation only when the skills of artists are frequently showcased in public.• The Infosys Foundation sustains several art forms.• Rural Development :• The primary challenge of development in rural India is the skills deficit of the local population. Education and vocational training help villagers earn a sustainable livelihood.• The Infosys Foundation donated US$ 6.8 million towards relief and rehabilitation of flood-affected districts of Karnataka.• In 2011, The Foundation constructed 3000 homes for flood victims in Belgaum, Gulbarga, Dharwad, Gadag, Bagalkot, Bijapur and Karwar in Karnataka.• In the last 15 years, thousands have benefited with the Foundation’s support and aid amounting to over US $8,316,008.
• Social Contract:• Infosys was certified on ISO 27001 as part of our information security initiatives.• Workforce comprises employees representing 89 nationalities.• Over 1,53,000 students were trained as part of the Campus connect program.• Women comprise 34.7% of total workforce.• Resource Intensity:• They used 48 million units of green power across campuses in 2012.• They pioneered the first commercial radiant cooled building in India.• Planted about 46,000 trees in 2012.• They have over 500 active eco volunteers across their campuses.