Company Profile

What We Do? Infosys Limited (NASDAQ: 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$ 7.075 billion (LTM Q1 FY13). Many of the worlds most successful organizations rely on Infosys to deliver measurable business value. Infosys provides business consulting, technology, engineering and outsourcing services to help clients in over 30 countries build tomorrows enterprise. Our award-winning Infosys Labs and its breakthrough intellectual property can be leveraged as a cocreation engine to accelerate innovation across the enterprise. Infosys pioneered the Global Delivery Model (GDM), based on the principle of taking work to the location where the best talent is available, where it makes the best economic sense, with the least amount of acceptable risk. Continued leadership around GDM enables Infosys to drive extraordinary efficiencies and free up clients resources for strategic transformation or innovation initiatives. Infosys has a global footprint with 68 offices and 70 development centers in US, India, China, Australia, Japan, Middle East, UK, Germany, France, Switzerland, Netherlands, Poland, Canada and many other countries. Infosys and its subsidiaries have 151,151 employees as on June 30, 2012. Infosys takes pride in building strategic long-term client relationships. 99.1% of our revenues come from existing customers (Q1 FY 13). Infosys gives back to the community through the Infosys Foundation that funds learning and education. How we do it? Infosys helps companies derive the measurable business value that they have always been looking for from business and IT investments. We deliver measurable business value in 3 ways:

Transform We can transform the fundamental shape of your business P&L. Regardless of which team you

engage with, we have a best-practice process for delivering value. We call it IMPACT to ensure a clear line of sight from process change to bottom-line impact, ensuring that you receive the business value you were promised. Optimize Beyond transformation and innovation, it boils down to execution - delivering on time, on budget and "on value". We can optimize your core operations to drive best-in-class efficiency and help fund the transformation and innovation. Innovate We can inject a level of product and service innovation into your business to create new revenue opportunities through collaboration and co-creation. We keep abreast of the latest technology and how it applies to your business issues. What you get from us is best-of-breed solutions. The foundation of our innovation capability is our core lab network Infosys Labs and the new thinking that our team of over 600 researchers brings to the table. Who we are? Our Vision, Mission and Values Vision "We will be a globally respected corporation." Mission "Strategic Partnerships for Building Tomorrows Enterprise." Values We believe that the softest pillow is a clear conscience. The values that drive us underscore our commitment to: CLIFE Client Value: To surpass client expectations consistently Leadership by Example: To set standards in our business and transactions and be an exemplar for the industry and ourselves Integrity and Transparency: To be ethical, sincere and open in all our transactions

Fairness: To be objective and transaction-oriented, and thereby earn trust and respect Excellence: To strive relentlessly, constantly improve ourselves, our teams, our services and products to become the best

Company History:

Infosys Technologies Ltd. is a software development company with headquarters in Electronics City, Bangalore, India, an area known as 'India's Silicon Valley' for its concentration of high-tech multinational and Indian companies. Cofounded by Chairman and CEO N.R. Narayana Murthy, Infosys Technologies has accomplished a number of firsts for an Indian company, including becoming the first to be listed on an American stock exchange and the first to offer an employee stock option plan (ESOP). About 500 employees have become millionaires as a result of the company's ESOP. In 2000 the firm's international client base included 200 American firms, for which Infosys Technologies provided software for enterprise resource planning (ERP), Y2K compliance, electronic commerce, and other applications. Early History: 1980s Infosys Technologies Ltd. was founded in 1981 in Bangalore, India, by N.R. Narayana Murthy and seven other software engineers with a combined investment of about $1,000. One of eight children of an Indian village official, Murthy would emerge as the company's chairman and CEO. He became regarded as the most highly esteemed manager in India, due in part to his mathematical abilities and Western style of management. The company opened its first international office in the United States in 1987. Favorable Business Climate: 1990s Following a series of economic reforms in India in 1991, Infosys Technologies began to grow more rapidly. It became a public limited company in 1992, with an initial public offering (IPO) on three of nine Indian stock exchanges to follow in 1993. In 1993 it received ISO 9001/TickIT Certification, and in 1995 it established development centers across India. By mid-1995 the firm had 900 employees and was worth $120 million, with about $20 million in annual revenue. In addition to its 400,000-square-foot facilities in Bangalore, the firm had offices in Boston, New York, and Maastricht in the Netherlands. In 1996 it established its European headquarters in the United Kingdom. Its main facility featured more than 1,000 networked workstations for use in creating software. The company had written the reservation system for Holiday Inns in the United States. Other customers included Reebok International, Nestl S.A., and AT & T. Infosys established headquarters in what has been called 'India's Silicon Valley' because of its concentration of more than 100 foreign and domestic companies. The firm's main software development centers were in the southern Indian city of Bangalore in an area called Electronics City. Other high-tech companies with facilities there included Siemens and Hewlett-Packard. Such companies were attracted by the fact that none of the firms' workforces had to be unionized, software

exports were not taxed in India, benefits were a relatively minor cost, and the profit potential was enormous. These cost-savings were first recognized by American multinationals in the 1980s. India was able to provide these firms with highly trained computer programmers and software engineers. About 15,000 computer science majors graduated from universities in India every year. The Indian Institute of Science in Bangalore was equipped with the most advanced technology, and the government supported the university system by providing millions of dollars for training.

Exponential Growth: Late 1990s For fiscal 1998 ending March 31, Infosys Technologies reported net revenue of $68.33 million, a 73 percent increase over fiscal 1997. The company's growth was fueled by its offshore software development model and the branding of some of its services. Infosys Technologies offered its clients an offshore model, whereby the company would replicate the systems and infrastructure of its international clients in India. During fiscal 1998 the firm's market capitalization rose to about $770 million from $192 million at the end of 1997. Four marketing offices were opened during fiscal 1998, including two in the United States and one each in Canada and Japan. The company had a total of 12 marketing offices, eight in the United States and four in other countries. During the year, the company gained 40 new clients. More than 70 percent of the company's revenue came from repeat business. Initiatives launched during the year included offerings for engineering services, Internet and intranet solutions, and Enterprise Package Solutions. The company was also addressing Euro conversion issues. Technical staff increased during the year to 2,186 from 1,396 at the end of fiscal 1997. Total employees increased to 2,622 from 1,701. The company expanded the decentralized development of software by commissioning the Infosys Towers facility at J.P. Nagar, Bangalore, during fiscal 1998. The development centers at Pune, Bhubaneswar, and Chennai were also expanded. The company also began construction on Infosys Park at Electronics City, Bangalore, to be completed by December 1999. It was during fiscal 1998 that Infosys Technologies become one of some 20 companies in the world to reach Level 4 of the Capability Maturity Model (CMM) of the Software Engineering Institute (SEI) at Carnegie Mellon University. The certification covered fixed-price software development, maintenance, and re-engineering processes, which together contributed about 90 percent of the company's revenue. Obtaining the certification reflected the firm's commitment to meeting

international quality standards. In October 1998 Infosys Technologies held its third annual customer conference. The company used the conference to disseminate its best practices across its client base and to enhance the power of its global delivery model. Nearly 60 client representatives participated in this year's conference. The company stressed long-term relationships with its clients. In 1999 repeat business accounted for 90 percent of revenue, up from 83 percent in 1998. The company's principal source of revenue, on a geographic basis, was North America, which accounted for 82 percent of revenue in both 1998 and 1999. Europe accounted for eight percent in both years, and India, approximately three percent. The rest of the world accounted for the remainder. During 1999 the company opened an office in Seattle and shifted a European office from Maastricht in the Netherlands to Frankfurt, Germany, giving it 13 marketing offices outside India, including nine in the United States. That same year Infosys Technologies expanded the range of its services and was becoming a full service partner to its clients. Projects the company worked on included ERP projects, a loyalty management package utilizing Microsoft technologies, and a system and security architecture consulting study. Its Internet consulting and development group designed and built high-performance and secure infrastructure for electronic commerce. During fiscal 1999 Infosys Technologies added 39 new clients, including The Boeing Company, Paradyne Corporation, and AMP Inc. Infosys Technologies was listed on the NASDAQ stock exchange on March 11, 1999. It was the first India registered company to become listed on an American stock exchange. Listing on the NASDAQ enabled Infosys Technologies to institute an employee stock option plan through the use of American Depository Receipts (ADRs), each of which was worth half a share. By mid-2000 the company had issued 4.16 million ADRs. Moreover, listing on the NASDAQ was expected to help the company raise money to finance its drive to become a global company, grow through acquisitions, and enhance its image. It would help the company attract a high-quality workforce by offering employee stock options. Infosys Technologies had been hiring 800 to 900 new employees per year. The IPO raised $70 million, and in the months following the IPO the company's stock price rose 20 percent. According to Business Week, the company gained $1 billion in market capitalization on its first day on the NASDAQ. By the end of 1999 the stock was trading at $290 per share, a 15-fold increase over the IPO price. At the beginning of 1999, most of the company's growth was expected to come from developing customized software. The company was also getting into Internet and intranet applications, enterprise resource planning (ERP) software, electronic commerce, and Euro conversion software.

During fiscal 1999 the company attained SEI CMM Level 5, the highest level assessed by the SEI for quality. It continued to build up its infrastructure by completing its new facility, Infosys Park, at Electronics City, Bangalore, which could accommodate up to 2,000 software and support personnel. At the beginning of 1999 it began construction of a new software development facility at Pune InfoTech Park, Hinjawadi, Pune. The first phase of this facility would have capacity for 1,200 professionals. The company also opened offices in Germany, Sweden, Belgium, and Australia. In mid-1999 an integrated extranet developed by Infosys Technologies for longtime outsourcing partner Nordstrom Inc. went online. It used a Windows NT software application that enabled the Nordstrom Product Group to combine 20 spreadsheet applications into an integrated applications environment of databases linked over the Internet. Other repeat business came from the firm's Y2K work. For example, Infosys Technologies had performed Y2K compliance work for insurer Aetna Inc. during 1999, using about 50 software programmers and engineers. At the beginning of 2000 Aetna contracted for an additional 300 Infosys employees to develop its electronic commerce initiatives in the areas of global healthcare and financial services. Using the Infosys offshore model, Aetna worked with the firm's U.S. office, which in turn conveyed information to programmers in India. Infosys's Global Delivery Model enabled it to develop software collaboratively in different geographic locations. For example, a project's requirements might be outlined in the client's New York offices, with software development done in Bangalore, and deployment anywhere in the world. The time differences associated with different parts of the world enabled Infosys Technologies to provide 24-hour productive days and problem-solving. As of February 2000 the company had a market capitalization of more than $20 billion. For fiscal 2000 ending March 31, Infosys Technologies reported revenue of $203.44 million, compared to $120.96 million in 1999, an increase of 68 percent. Net income rose from $17.45 million in fiscal 1999 to $61.34 million in fiscal 2000. A statement from CEO N.R. Narayana Murthy noted, 'Demand for e-commerce services, an area where the company has a proven track record, continues to drive our revenue growth.' During fiscal 2000 Infosys Technologies made its first strategic investment in a leading-edge technology company, committing $3 million to Massachusetts-based EC Cubed, Inc., an application provider for business-to-business electronic commerce. The company reported a net profit of $28.4 million in the first quarter ending June 30, 2000, compared to $13.6 million for the same period in 1999. Overall revenue rose to $83 million,

compared to $48.2 million in 1999. These results exceeded analysts' expectations. One analyst predicted the company's profits would double in the next two quarters, due to surging exports, higher priced services, and a larger proportion of high-margin e-commerce work. For the quarter ending June 30, 2000, Infosys said that e-commerce work made up nearly 29 percent of its total revenues, or $22.6 million, compared to nearly 19 percent in the quarter ending March 31, 2000, and 6.4 percent in the same quarter in 1999. During the first quarter of fiscal 2001 Infosys Technologies increased its workforce by nearly 20 percent to 6,446 employees. The company was expected to grow to more than 7,500 employees by the end of fiscal 2001 (March 31, 2001). In issuing a 'buy' rating, Merrill Lynch noted that many of Infosys Technologies' customers had asked the firm to increase its 'team size' by 80 to 100 percent over the next year. In August 2000 Infosys Technologies opened an office in Hong Kong to take advantage of the ecommerce activity there, especially in business-to-business applications. One analyst estimated that the Asia Pacific region would account for nearly 20 percent of global business-to-consumer and business-to-business electronic commerce by 2003. Opening the office was part of Infosys Technologies' strategy to expand its e-commerce business from the United States and Europe into the Asia Pacific region. Its clients have included Amazon.com, Blue Martini, Cephren, Cisco Systems, Dell Online (Japan), EC Cubed, preis24.com, and SAP Markets. With a growing client base, support from investors, and a reputation for quality, Infosys Technologies appeared likely to remain a leader in developing software systems and applications for the exploding global electronic commerce market.

MANAGEMENT PROFILES

N. R. Narayana Murthy Chairman Emeritus

N. R. Narayana Murthy is the Founder of Infosys Limited, a global software consulting company headquartered in Bangalore, India. He founded Infosys in 1981, served as the CEO during 1981-2002, and as the Chairman and Chief Mentor during 1981-2011. Under his leadership, Infosys was listed on NASDAQ in 1999. He is currently the Chairman Emeritus of Infosys. Mr. Murthy articulated, designed and implemented the Global Delivery Model which has become the foundation for the huge success in IT services outsourcing from India. He has led key corporate governance initiatives in India. He is an IT advisor to several Asian countries. He serves on the boards of HSBC, Ford Foundation, Rhodes Trust, the Indian School of Business and the UN Foundation. He served as a member of the Unilever board between 2007 and 2010, the Chairman of the International Institute of Information Technology, Bangalore between 2002 and 2012 and the Chairman of the Indian Institute of Management, Ahmedabad between 2002 and 2007. He has also served on the boards of Cornell University, Singapore Management University, INSEAD (Paris), Wharton School and the Graduate School of Business at Stanford University. Mr. Murthy was listed as one among the 12 greatest entrepreneurs of our time by the Fortune magazine in 2012. The Economist ranked him among the ten most-admired global business leaders in 2005. He has been awarded the Padma Vibhushan by the Government of India, the Legion dhonneur by the Government of France, and the CBE by the British government. He is the first Indian winner of Ernst and Youngs World Entrepreneur of the year award and the Max Schmidheiny Liberty prize. He has appeared in the rankings of businessmen and innovators published by BusinessWeek, Time, CNN, Fortune, India Today, Business Standard, Forbes and Financial Times. He is a Fellow of the Indian National Academy of Engineering and a foreign member of the U.S. National Academy of Engineering. He was awarded the 2012 Hoover Medal. He received the 2007 Ernst Weber Medal from the Institute of Electrical and Electronics Engineers, Inc., USA (IEEE). He has about 25 honorary doctorates from universities in India and abroad.

S. Gopalakrishnan Co-Founder Executive Co-Chairman

S. Gopalakrishnan (Kris), along with N.R. Narayana Murthy and five others, founded Infosys in 1981. Kris served as Director (Technical) and his initial responsibilities included the management of design, development, implementation, and support of information systems for clients in the consumer products industry in the U.S. Between 1987 and 1994, Kris served as the Vice President for Technical Operations of KSA/Infosys, a joint venture between Infosys and KSA located in Atlanta, U.S. In 1994, he returned to India and was appointed Deputy Managing Director of Infosys. Before becoming the CEO and Managing Director in July 2007, Kris served as Infosys Chief Operating Officer, President and Joint Managing Director, responsible for customer services, technology, investments, and acquisitions. He took over as the Executive Co-Chairman on August 21, 2011. Recognized as a global business and technology thought leader, Kris was recently voted the top CEO (IT Services category) in Institutional Investors inaugural ranking of Asias Top Executives and selected as one of the winners of the 2nd Asian Corporate Director Recognition Awards by Corporate Governance Asia in 2011. He was also selected to Thinkers 50, an elite list of global business thinkers compiled by Des Dearlove and Stuart Crainer, in association with the IE Business School, Madrid and the London Business School's Management Innovation Lab in 2009. In January 2011, the Government of India awarded Kris the Padma Bhushan, the countrys third highest civilian honour. He has also represented Infosys and the country in international forums such as: The Indo-US CEO Council; Presidents Council of New York Academy of Sciences; and Member of UNESCO High-Level panel on Womens Empowerment and Gender Equity. Kris was also the Chairman of The Business Action for Sustainable Development 2012 (BASD), a coalition of international business groups committed to sustainable development. In April 2012, Kris was appointed as a member of the reconstituted United Nations Global Compact

Board for three years. The Global Compact Board is the UNs highest level advisory body, involving business, civil society, labor and employers organizations. He is also a member of the China Europe International Business School (CEIBS) International Advisory Board and Fudan University School of Management International Advisory Board. Both CEIBS and Fudan University School of Management are prestigious business schools in China and the Asia region. Kris is the President designate of the Confederation of Indian Industry (CII) National Council and on the Board of Governors at the Indian Institute of Management (IIM), Bangalore. He is also the Chairman of Indian Institute of Information Technology and Management (IIITM), Kerala and International Institute of Information Technology (IIIT) Bangalore. He is a member of ACM, IEEE and IEEE Computer Society. Kris holds master's degrees in Physics and Computer Science from the Indian Institute of Technology, Madras.

S. D. Shibulal Co-Founder Chief Executive Officer and Managing Director

S. D. Shibulal (Shibu) is the Co-Founder, Member of the Board, Chief Executive Officer and Managing Director of Infosys. Prior to becoming the CEO and Managing Director, Shibu served as the Chief Operating Officer between June 22, 2007 and August 20, 2011. Earlier, Shibu held a number of senior leadership roles including: Head of Worldwide Sales and Customer Delivery, Worldwide Head of Customer Delivery, and Head of Infosys Manufacturing and Distribution and Internet Consulting practice. As a co-founder of the company, he was instrumental in the development of Infosys Global Delivery Model, which established a new standard for the delivery of outsourced IT services and helped set the stage for the companys evolution into a leading multinational business consulting and IT services provider. As the Chief Executive Officer, Shibu is focused on strengthening strategic partnerships with clients, increasing client relevance and evolving the companys business model towards achieving Infosys

aspirations of becoming the next generation global consulting and IT services corporation. Shibu is the Chair of the World Economic Forums Global Agenda Council on Emerging Multinationals and the Co-chair of the Confederation of Indian Industries (CII) National Committee on IT, ITES and e-Commerce. He is a member of the Board of Trustees, the International Advisory Board and the Metropolitan College Deans Advisory Board of Boston University. He is also a member of the International Board of Foundation, Globethics.net, the Seoul International Business Advisory Council (SIBAC), The Leaders Council of the International Business Leaders Forum and the Global Corporate Governance Forums Private Sector Advisory Group.

Shibu holds an MS degree in Computer Science from Boston University and a masters degree in Physics from the University of Kerala.

V. Balakrishnan
Member of the Board
Chief Financial Officer
With over 22 years of experience in leadership positions in the finance domain, Balakrishnan now plays the role of the Group Chief Financial Officer. His areas of responsibilities include Corporate Finance, International Taxation, Risk Management and Mergers & Acquisitions for the whole group. Balakrishnan was appointed the Chief Financial Officer in April 2006. Prior to that, he served as Company Secretary and Senior Vice President Finance. Balakrishnan joined Infosys in 1991 and has served in various capacities in the Finance Department. Balakrishnan played a key role in Infosys Indian IPO in 1993 as well as the companys first overseas listing in 1999. He closely supervised the three sponsored secondary offerings by Infosys including two Public Offer Without Listing in Japan. He also played a significant role in Infosys first acquisition in Australia. His contribution was valuable in procuring VC funding for Infosys BPO and its ultimate sale. Balakrishnan was conferred the CNBC TV 18 Best performing CFO award for IT and ITES sector for 2008 and 2009. He was voted the Best CFO by Finance Asia in its Asias Best Companies Poll for 2008, 2009 and 2011. He won the Best CFO (Information Technology, Media, Communication and Entertainment) award from the ICAI (The Institute of Chartered Accountants of India) for 2008. He is an Associate Member of the Institute of Chartered Accountants of India, the Institute of Company Secretaries of India and the Institute of Cost & Works Accountants of India.

Prior to joining Infosys, Balakrishnan was a Senior Accounts Executive with Amco Batteries Limited. Balakrishnan holds a B.Sc. degree from the University of Madras. He also holds ACA, ACS and AICWA degrees.

Srinath Batni Member of the Board Head of Delivery Excellence

Srinath Batni is on the Infosys Board of Directors since May 2000 and is a Director on the Board of Infosys China and Infosys Australia. He is currently the Head of Delivery Excellence and has held other service delivery leadership positions including: Group Co-Head, Worldwide Customer Delivery; Head, Delivery (GCARE); and Head, Strategic Groups and Co-Customer Delivery. Srinath joined Infosys in 1992 as a project manager. From 1996 to 2000, he served as the Senior Vice President and Head, Retail and Telecommunications. He is also a Member of the Executive Council of NASSCOM. Srinath received a B.E. in Mechanical Engineering from the University of Mysore and an M.E. in Mechanical Engineering from the Indian Institute of Science, Bangalore.

B.G. Srinivas

Member of the Board Head of Europe and Global Head of Financial Services & Insurance
Srinivas (BG to his colleagues) joined Infosys in 1999 and has served in a number of leadership roles. Prior to his current role, he was the Head of Europe and Global Head of Manufacturing, Engineering Services, and Enterprise Mobility. As the Head of Europe since 2004, BG is responsible for business operations and growth in the region and for ensuring both client and employee satisfaction. Under his leadership, the region was characterized by market expansion, new service offerings and new client acquisitions. In 2007, BG was appointed the Head of Infosys' Manufacturing and Product Development and Engineering units. Following the consolidation and reorganization of industry groups, he was responsible for the worldwide manufacturing sector, which represents more than 20% of Infosys' total service line revenues. BG's first leadership role was to establish and manage the Enterprise Solutions (ES) practice with a focus on consulting and package implementation. In addition to his primary responsibilities, BG is a Member of the Boards of Infosys BPO and three of the company's European subsidiaries. A member of the advisory board of Ovum, a leading European IT and business research and advisory firm, BG has also been a judge of the European Business Awards since its inception in 2007. BG's views on global business and technology topics are often sought by leading media channels such as CNBC, CNN, BBC, Financial Times, and Le Monde. He is a frequent speaker at business and industry forums, at WEF and at leading business schools in Europe. BG holds a degree in Mechanical Engineering from Bangalore University, and has participated in executive programs at IIM Ahmedabad and Wharton Business School

Ashok Vemuri

Member of the Board Head of Americas and Global Head of Manufacturing, and Engineering Services
Ashok is the Global Head of Manufacturing and Engineering Services at Infosys. In this role, he is responsible for all aspects of the business including setting strategic direction, driving financial and operational excellence and providing overall leadership. Prior to his current role, Ashok was instrumental in establishing and leading the company's Financial Services and Insurance global industry group. Under his leadership, the group grew to be the largest business segment of the company. Ashok joined Infosys in 1999 and has served in a number of leadership roles across the company. He is the Chairman of Infosys China, serves on the board of Infosys Public Services and is responsible for business operations in the Americas, the company's largest region in terms of clients and revenues. Widely recognized for his expertise in global sourcing and technology-led transformation, Ashok was selected by Business Today as one of India's 25 Hottest Young Executives in 2008. Ashok is committed to the education of future business leaders, serving on the Board of Visitors of the Fuqua School of Management at Duke University. He was also elected to the Forum of Young Global Leaders (YGL) by the World Economic Forum (WEF) in 2009. Ashok directs the work of Infosys Foundation in the U.S. Under his guidance, the Foundation is supporting education of underprivileged students, reskilling of former auto sector employees in Detroit and other activities to drive STEM education in the USA. Ashok holds a degree in Physics from St. Stephens College, Delhi, and a degree in Business Management from the Indian Institute of Management, Ahmedabad.

INDEPENDENT DIRECTORS

David L. Boyles Independent Director, Infosys

Ann M. Fudge Independent Director, Infosys

Dr. Omkar Goswami Independent Director, Infosys

K. V. Kamath Chairman of the Board

Jeffrey Sean Lehman Independent Director, Infosys

Deepak M. Satwalekar Independent Director, Infosys

R Seshasayee Independent Director, Infosys

Ravi Venkatesan Independent Director, Infosys

Initiatives
In 1996.Infodys created the Infosys Foundation in the state of Karnataka, operating in the areas of health care, social rehabilitation and rural uplift, education, arts, and culture. Since then, this foundation has spread to the indian states of tamil nady, Andhra Pradesh, Maharashtra, Orissa and Punjab. The Infosys Foundation is headed by Mrs. Sudha Murthy, wife of chairman Narayana Murthy. Since 2004, Infosys has embarked a series of initiatives to consolidate and formalize its academic relationships worldwide under the umbrella of a program called AcE-Academic Entente. Through case study writing, participation, in academic conferences and university events, research collaborations, hosting study trips to Infosys Development Centers and running the InStep Global Internship Program, the company communicates with important stakeholders in the academia. Infosys Global Internship Program, known as InStep, is one of the key components of the Academic Entente initiative. It offers live projects to interns from the universities around the world. InStep recruits undergraduate, graduate and PhD students from business, technology and liberal arts universities to take part in an 8-24 week internship at one of Infosys global offices. InStep interns are also provided career opportunities with Infosys. In 1997 Infosys started the Catch them Young Program, to expose the urban youth to the world of Information Technology by conducting a summer vacation program. The program is aimed at developing an interest an understanding of

computer science and information technology. This program is targeted at students in Grade IX level. In 2004, the Wharton Business School of the university of Pennsylvania and Infosys started the Whartin Infosys Transformation Award. This technology award recognizes enterprises and individuals who have transformed their business and society leveraging information technology. Past winners include Samsung. Amazon.com, Capital One, RBS and ING Direct. In 2008, Infosys along with National Institute of Advanced studies created Infosys Mathematics Prize for excellence in mathematics research,

SWOT ANALISYS

STRENGHTS

The

workforce

has

relatively

high

skills

levels

in

InformationTechnology. Couple these two elements together and youhave an operational basis th at offers low-cost based, highly skilled competitive advantage.

Trained

Indian

personnel

often

speak

very

good

English

and are sensitive to Western culture, underpinned by India'scolonial past.

Infosys is in a strong financial position. The business turned over more than $4 billion in

2008. This means that it has the capital to expand, and also the bases to leverage potential invest.

The company has bases in 44 global development centres, most of which are located in

India, although the company has offices in many developed and developing nations. This means

not

only

that

Infosys

is

becoming

global

brand

but

also

that it has the capability to support the global operations of multinational clients

WEAKNESS

Infosys on occasion struggles in the US markets, and has particular problems in securing United States Federal Government contracts in North America. Since these contracts are highly profitable and tend to run for long periods of time, Infosys is missing out on lucrative business.

And its competitors do well in terms of securing the same Federal business (and one should also take into account that many of its competitors are domiciled in the US and there could be political pressure on the US Government to award contracts to Domestic organizations).

Despite being a huge IT company in relation to its Indian competitors, Infosys is much smaller than its global competitors. As discussed above, Infosys generated $4 billion in 2008, which is relatively low in comparison with large global competitors.

OPPORTUNITIES
At a time of recession in the global economy, it may appear that some companies will reduce take up of services that Infosys offers. However, in tough times clients tend to focus upon cost reduction and outsourcing - with are strategies that Infosys offers. So hard times could be profitable for Infosys. There is a new and emerging market in China as the country undergoes a huge industrial revolution. The strategic alliance between Infosys and Schlumberger gives the IT company access

to lucrative business in the gas and oil industries.

There has been a trend over recent years for European and North American companies to base some or all of their operation in India. This is called an offshore service. There is a seamless link between domestic operations and services hosted in India. Examples include telecommunications companies such as British Telecom and banks such as HSBC that have customer service and support centers based in India. Think about the times that you have made calls to support line to find that the adviser is in Mumbai or Bangalore and not in your home market

THREATS

India is not the only country that is undergoing rapid industrial expansion. Competitors may come from countries such as China or Korea where there are large pools of low-cost labor, and developing educational infrastructures such as universities and technology colleges.

Customers may switch to other offshore service companies another countries such as China or Korea

Other global players have realized that India has the benefit of low-cost, highly-skilled labor that often speaks English and is culturally sensitive to Western practices. As with all global IT players, Infosys has to compete for skilled labor and this may have the effect of driving up wage levels, and making it more difficult to recruit and retain staff.

Awards
Infosys has consistently been honoured by clients, industry bodies, media and other influencers. We have won several awards and received recognitions over the past year. Infosys ranked among the most innovative companies in a Forbes survey, leading technology companies in a report by The Boston Consulting Group and top ten green companies in Newsweek's Green Rankings. Infosys was voted India's most admired company in The Wall Street Journal Asia 200 every year since 2000. Our corporate governance practices were recognized by The Asset Platinum award and the IR Global Rankings. Infosys was recognized as a top performing global partner by Procter & Gamble (P&G). We won the Oracle North America Titan Award at the Oracle Open World for three years in a row.

Timeline:

1981: 1983: Relocates corporate headquarters to Bangalore 1987: Opens first international office in Boston, US 1993: Introduces Employee Stock Options (ESOP) program Acquires ISO 9001/TickIT certification Goes public 1994: Moves corporate headquarters to Electronic City, Bangalore. Opens a development center at Fremont 1995: Opens first European office in the UK and global development centers at Toronto and Mangalore. Sets up e-Business practice 1996: 1997: Opens an office in Toronto, Canada Infosys is assessed at CMM Level 4 The Infosys Foundation is established Infosys is established by N. R. Narayana Murthy and six engineers in Pune, India, with an initial capital of US$ 250 Signs up its first client, Data Basics Corporation, in New York

1998: 1999: 2000: Touches revenues of US$ 200 million Opens offices in France and Hong Kong, a global development center in Canada and UK, and three development centers in the US Re-launches Banks 2000, the universal banking solution from Infosys, as Finacle Touches revenues of US$ 100 million. Listed on NASDAQ Infosys becomes the 21st company in the world to achieve a CMM Level 5 certification Opens offices in Germany, Sweden, Belgium, Australia, and two development centers in the US Infosys Business Consulting Services is launched Starts Enterprise Solutions (packaged applications) practice

2001: Touches revenues of US$ 400 million. Opens offices in UAE and Argentina, and a development centre in Japan N. R. Narayana Murthy is rated among Time Magazine/CNN's 25 most influential businessmen in the world Infosys is rated as the Best Employer by Business World/Hewitt

2002:

Touches revenues of US$ 500 million Nandan M. Nilekani takes over as CEO from N.R. Narayana Murthy, who is appointed Chairman and Chief Mentor Opens offices in the Netherlands, Singapore and Switzerland Sponsors secondary ADS offering Infosys and the Wharton School of the University of Pennsylvania set up The Wharton Infosys Business Transformation Awards (WIBTA) Launches Progeon, offering business process outsourcing services

2003:

Establishes subsidiaries in China and Australia Expands operations in Pune and China, and sets up a development center in Thiruvananthapuram

2004:

Revenues reach US$ 1 billion Infosys Consulting Inc. is launched

2005:

Records the largest international equity offering of US$ 1 billion from India Selected to the Global MAKE Hall of Fame

2006:

Infosys celebrates 25 years. Revenues cross US$ 2 billion. Employees grow to 50,000+ N. R. Narayana Murthy retires from the services of the company on turning 60. The Board of Directors appoints him as an Additional Director. He continues as Chairman and Chief Mentor of Infosys

2007:

Infosys crosses revenues of US$ 3 billion. Employees grow to over 70,000+ Kris Gopalakrishnan, COO, takes over as CEO. Nandan M. Nilekani is appointed CoChairman of the Board of Directors

Opens new subsidiary in Latin America Reports Q2 revenue of over US$ 1billion

2008:

Infosys crosses revenues of US$ $ 4.18 billion Annual net profits cross US$ 1 billion

2009:

Infosys opens its first development center in Brazil and second Latin American development center in Monterrey, Mexico Infosys selected as a member of The Global Dow

Employee strength grows to over 100,000

2010:

Infosys crosses the US$ 5 billion revenue mark

2011:

N. R. Narayana Murthy hands over chairmanship to K V Kamath Infosys crosses US$ 6 billion revenue mark, employee strength grows to over 130,000

2012:

Forbes ranks Infosys among the world's most innovative companies Infosys among top 25 performers in Caring for Climate Initiative Infosys crosses the US$ 7 billion revenue mark

Fact File
Infosys Limited (NASDAQ: INFY) delivers IT-enabled business solutions to enable Global 2000 companies to build their enterprises of tomorrow. Our solutions focus on providing strategic differentiation and operational superiority to clients. We leverage our domain and business expertise along with a complete range of services. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has a global footprint with sales offices in 29 countries and development centers in India, US, China, Australia, UK, Canada, Japan and many other countries. Infosys has over 151,151 employees of 92 nationalities.

Key Facts
Senior Executives Chairman Emeritus Chairman of the Board Executive Co- Chairman Chief Executive Officer Managing Director : Narayana N.R. Murthy K.V. Kamath S. Gopalakrishnan and S.D. Shibulal

Financial Summary (Q1 FY 13) IFRS-USD : Revenues: Net Income after taxes: Earnings per ADS: Total assets: Cash and cash equivalents: US$ 1,752million US$ 416 million US$ 0.73 (basic) US$ 7,116 million US$ 3,704 million

FRS-INR (Q4 FY 12): Total Income: Net profit after taxes: Earnings per share (Rs. 5): Total assets: Rs. 9,616 crore Rs. 2,289 crore Rs. 40.06 (basic) Rs. 39,574 crore

Cash and cash equivalents:

Rs. 20,596 crore

Awards
Infosys has consistently been honored by clients, industry bodies, media and other influencers. We have won several awards and received recognitions over the past year. Infosys ranked among the most innovative companies in a Forbes survey, leading technology companies in a report by The Boston Consulting Group and top ten green companies in Newsweek's Green Rankings. Infosys was voted India's most admired company in The Wall Street Journal Asia 200 every year since 2000. Our corporate governance practices were recognized by The Asset Platinum award and the IR Global Rankings. Infosys was recognized as a top performing global partner by Procter & Gamble (P&G). We won the Oracle North America Titan Award at the Oracle Open World for three years in a row.

Product Profile
Finacle - Universal Banking Solution
Finacle from Infosys partners with banks to transform process, product and customer experience, arming them with 'accelerated innovation' that is key to building tomorrow's bank. Finacle solutions address the core banking, wealth management, CRM, Islamic banking, treasury, e-banking and mobile banking requirements of retail, corporate and universal banks worldwide.

Flypp - Application Marketplace

White-labeled app marketplace that helps partners to actively engage their consumers across digital channels

Infosys Alert and Case Management System

Supports end-to-end management of cases, alerts, and exceptions across departments

Infosys Customer Self-Service Energy Manager

Helps utilities ensure customer delight through sustainable energy management and revitalized customer service

Infosys Health Benefit Exchange

Novel, transparent, and competitive insurance hub, for individuals and small businesses to buy qualified plans

Infosys iTransform - ICD-10 Migration Suite

Automates all stages of migration to ICD-10 and helps organizations turn compliance into a competitive advantage

Infosys mConnect - Multi-Channel Mobile Middleware

Optimizes user experience through its context aware mobile multimode middleware across channels and platforms

Infosys Omni-Channel Personalization Engine

Helps retailers foster consumer relationship by presenting personalized content across channels

Infosys Real-Time Expertise Manager

Delivers customer delight by making every interaction effective and by providing instant access to expertise

Infosys Supply Chain Performance Management Suite

Analytical suite that gives a 360-degree view of Supply-Demand service chain performance to drive collaborative decision-making

Infosys Trade Origination System

Strategically differentiates your brokerage services and provides superior trading experience to customers

Infosys Transaction Reconciliation System

Comprehensive operations platform that addresses end-to-end reconciliation needs of an enterprise

Financial Information:

Balance sheet - Infosys Ltd.

Particulars Liabilities
Share Capital Reserves & Surplus

Mar'12 12 Months
287.00 29,470.00

Mar'11 12 Months
287.00 24,214.00

Mar'10 12 Months
287.00 21,749.00

Mar'09 12 Months
286.00 17,523.00

Net Worth
Secured Loans Unsecured Loans

29,757.00
0.00 0.00

24,501.00
0.00 0.00

22,036.00
0.00 0.00

17,809.00
0.00 0.00

TOTAL LIABILITIES Assets

Gross Block (-) Acc. Depreciation

29,757.00

24,501.00

22,036.00

17,809.00

7,173.00 3,112.00

6,934.00 2,878.00

6,357.00 2,578.00

5,986.00 2,187.00

Net Block
Capital Work in Progress. Investments. Inventories Sundry Debtors Cash And Bank Loans And Advances

4,061.00
1,021.00 1,409.00 0.00 5,404.00 19,557.00 4,633.00

4,056.00
499.00 1,325.00 0.00 4,212.00 13,665.00 5,273.00

3,779.00
409.00 4,636.00 0.00 3,244.00 9,797.00 4,201.00

3,799.00
615.00 1,005.00 0.00 3,390.00 9,039.00 3,303.00

Total Current Assets

Current Liabilities Provisions

29,594.00
2,724.00 3,604.00

23,150.00
2,056.00 2,473.00

17,242.00
1,995.00 2,035.00

15,732.00
1,544.00 1,798.00

Total Current Liabilities NET CURRENT ASSETS

Misc. Expenses

6,328.00 23,266.00
0.00

4,529.00 18,621.00
0.00

4,030.00 13,212.00
0.00

3,342.00 12,390.00
0.00

TOTAL ASSETS (A+B+C+D+E)

29,757.00

24,501.00

22,036.00

17,809.00

Cash Flow
Particulars
Profit Before Tax

Mar'12
11,096.00

Mar'11
8,821.00

Mar'10
7,472.00

Mar'09
6,714.00

Net Cash Flows from Operating Activity Net Cash Used in Investing Activity Net Cash Used in Financing Activity Net Inc/Dec in Cash and Cash Equivalent
Cash and Cash Equivalent - Beginning of the Year Cash and Equivalent - End of the Year

5,955.00 565.00 -2,298.00 4,282.00

15,275.00 19,557.00

4,270.00 3,235.00 -3,642.00 3,868.00

11,297.00 15,165.00

5,876.00 -3,314.00 -1,486.00 1,008.00

10,289.00 11,297.00

5,152.00 -195.00 -2,430.00 2,600.00

7,689.00 10,289.00

INFOSYS