Infosys was co-founded in 1981 by seven individuals with a capital of Rs. 10,000. It was incorporated as Infosys Consultants Pvt Ltd and was later renamed to Infosys Technologies Ltd. Infosys provides business consulting, IT services and products to clients worldwide and has established partnerships with leading technology companies like IBM, Microsoft and HP. It has acquired other companies like Lodestone to strengthen its management consulting capabilities. Infosys has experienced rapid growth over the years and achieved several milestones, becoming a publicly traded company on the Indian stock exchanges in 1993.