The Nasdaq listingIt is said that Infosys began getting big breakthroughs from the US market.
How? The initial foray of Infosys into the US market was through a company called Data Basics Corp as a 'body-shop' or on-site developer of software for US customers. Later, Infosys formed a joint venture with Kurt Salmon Associates to handle marketing in the United States.
Even today, Infosys derives about two-thirds of its revenue from the United States, serving corporate clients like Reebok, Visa, Boeing, Cisco Systems, Nordstrom and New York Life.
Infosys is the largest publicly traded IT services exporter in India, providing services to 315 large corporations, such as GE and Nortel, predominantly in the USA.
It was the first Indian company to list on the Nasdaq stock exchange in 1999.
And the other Infosys group companies?
- Progeon Ltd: The Infosys BPO arm.
- Infosys Technologies (Shanghai) Company Limited: The company's base in China.
- Infosys Australia Pty Ltd: Infosys' Australian venture.
- Infosys Consulting Inc: The company's foray into the consulting business.
Photograph: N R Narayana Murthy in New York to sign an agreement with American Express.
Also read: Narayana Murthy's dream for the future