A Project On Industrial Visit: Pes College of Business Management
A Project On Industrial Visit: Pes College of Business Management
A Project On Industrial Visit: Pes College of Business Management
Tilak.k.kurdekar
USN : 0 8 B M C 0 8 1 6 9
Acknowledgement
I would like to thank Mr. Venugopal Naidu, head of the
department of PES College of Business Management, for his
support throughout the course.
Reg no : 08BMC08169
Date : 30-08-2010
Name : Tilak.k.kurdekar
DECLARATION
REG.NO:08BMC08169
PLACE :BENGALURU
DATE :30-08-2010
SL NO CONTENT PAGE NO
2 SUGGESTION 11
3 CONCLUSION 12
BIBLOGRAPHY
•GOOGLE
•WWW.INFOSYS.COM
1
ABOUT INFOSYS
Type Public
BSE: 500209
NASDAQ: INFY
Industry IT services
IT consulting
Founded 2 July 1981 (1981-07-02)
Founder(s) N.R.Narayana Murthy
Nandan Nilekani
N. S. Raghavan
Kris Gopalakrishnan
S. D. Shibulal
K Dinesh
Headquarters Bangalore, Karnataka, India
Key people N R Narayana Murthy
(Chairman)
Kris Gopalakrishnan
(CEO & MD)
S. D. Shibulal
(COO & Director)
Products Finacle
Services Information technology
consulting services, solutions
and outsourcing.
Revenue ▲ $ 5.04 billion (31st March, 2010)
Operating income ▲ $1.46 billion (2010)
Profit ▲ $.313 billion (2010)
Total assets ▲ $6.150 billion (2010)
Total equity ▲ $5.361 billion (2010)
2
Employees 114,822 (2010)
3
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,
Nestlé 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.
Initiatives
In 1996, Infosys 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 Nadu, Andhra Pradesh, Maharashtra,
Kerala, Orissa and Punjab. The Infosys Foundation is headed by Mrs. Sudha Murthy, wife of
Founder Cum Chief Mentor Narayana Murthy.
Since 2004, Infosys has embarked on a series of initiatives to consolidate and formalize its
academic relationships worldwide under the umbrella of a program called AcE - Academic
Entente.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 to 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 Programme", to expose the urban youth to the
world of Information Technology by conducting a summer vacation programme. The
programme is aimed at developing an interest and understanding of computer science
and information technology. This programme is targeted at students in Grade IX level.
In 2002, the Wharton Business School of the University of Pennsylvania and Infosys started the
Wharton Infosys Business Transformation Award. This technology award recognizes enterprises
and individuals who have transformed their businesses and the society leveraging information
technology. Past winners include Samsung, Amazon.com, Capital One, RBS and ING Direct.
Infosys has the largest corporate education center in the world in Mysore. It can accommodate
14000 candidates at one time.
In 2009, Infosys created Infosys Prize for excellence in Physical Sciences, Mathematical Sciences,
Engineering and Computer Science, Life Sciences and Social Sciences.
5
Intranet
Infosys's intranet, called "Sparsh" after the Sanskrit word meaning "touch," supports over
114,822 employees across 26 countries in which Infosys operates. Sparsh has today become the
company's primary channel for news and official information, created a communication
platform and opened up networking avenues for its employees.
In 2007, Sparsh was selected as one of "The Year's 10 Best Intranets" by the
Nielsen Norman Group, a user experience research firm that advises companies on human-
centered product and service design.Infosys is the first Indian company to be selected for the
group's Intranet Design Annual Award.
Research
Infosys developed a corporate R&D wing called Software Engineering and Technology Labs
(SETLabs). SETLabs was founded in 2000 to carry out applied research for the development of
processes, frameworks and methodologies to effectively capture customer requirements and to
iron out common critical issues during a project life cycle. [22] Various broad groups are Software
Engg Lab, Convergence Lab, Innovation Lab, Center for KDIS, Security and Privacy Lab and
Distributed Computing Lab.
Charity
In 2005, Infosys donated 10m rupees (about $226,000) to help with the effects of the
2005 Kashmir earthquake in Pakistan. Infosys does not currently have an office in Pakistan.
Controversy
On Thursday, August 5th, 2010 New York Senator Charles Schumer (D) likened Infosys to a
“chop shop” while discussing a $600 million border security bill on the Senate floor. [24]The
remark has been criticized by the United States-India Business Council. Ron Somers, head of
the USIBC, said that the remark was "outrageous in this day in age, when the world is so
interconnected by the Internet, that draconian measures would be floated by the U.S. Congress
that tar-brushes Indian companies as ‘chop shops‘
Company Perspectives:
We are a world leader in providing IT [information technology] consulting and software
services. We offer offshore-software services, such as application development, software
maintenance, Internet consulting, and establishing software development centers in different
parts of the world to provide high quality rapid time-to-market solutions at affordable prices.
Our solutions cover a wide range of business areas including e-commerce and e-business
enabling, warehouse and inventory management, and customer management for industries
including financial services, insurance, retail, telecommunications, utilities, and manufacturing.
6
What We Do
Infosys Technologies Ltd. (NASDAQ: INFY) was started in 1981 by seven people with US$ 250.
Today, we are a global leader in the "next generation" of IT and consulting with revenues of
over US$ 4.8 billion (FY 10).
Infosys defines, designs and delivers technology-enabled business solutions that help Global
2000 companies win in a Flat World. Infosys also provides a complete range of services by
leveraging our domain and business expertise and strategic alliances with leading technology
providers.
Our offerings span business and technology consulting, application services,
systems integration, product engineering,
custom software development, maintenance, re-engineering,
independent testing and validation services, IT infrastructure services and
business process outsourcing.
Infosys pioneered the Global Delivery Model (GDM), which emerged as a disruptive force in
the industry leading to the rise of offshore outsourcing. The GDM is 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.
Infosys has a global footprint with 63 offices and development centers in India, China,
Australia, the Czech Republic, Poland, the UK, Canada and Japan. Infosys and its subsidiaries
have 114,822 employees as on June 30, 2010.
Infosys takes pride in building strategic long-term client relationships. Over 97% of our
revenues come from existing customers (FY 10).
Who We Are
Established in 1981, Infosys is a NASDAQ listed global consulting and IT services company
with more than 114,000 employees. From a capital of US$ 250, we have grown to become a US$
4.8 billion company with a market capitalization of approximately US$ 33 billion.
In our journey of over 29 years, we have catalyzed some of the major changes that have led to
India's emergence as the global destination for software services talent. We pioneered the
Global Delivery Model and became the first IT company from India to be listed on NASDAQ.
Our employee stock options program created some of India's first salaried millionaires.
Quality at Infosys
On the first day of my stay my hosts arranged for a visit to Infosys, one of India's biggest IT
companies. There we attended a presentation by the company's quality team. The presentation
amazed me. For the first time I heard a company follow the best software engineering practices
I've been reading about over the last 20 years in a sensible manner. IT companies and
professionals often make a travesty of various certifications, by following the letter of a
certification and ignoring the spirit. Infosys is CMMI-5 certified, but, surprisingly for a formal
process-oriented certification, their CMMI level appears to be an outcome of what they actually
practice, rather than the result of jumping some prescribed hoops.
The second thing that amazed me was the company's dynamism. Over the last 8 years, Infosys
7doubles its revenues every two years, reaching $2 billion in 2006. I was told that the company
currently trains 4,500 new recruits every 14 weeks, at its own training campus in Mysore. The
average age of the company's employees is 25 years.
The company's campus at Bangalore was also magnificent; its facilities, buildings, and
landscaped grounds could easily be mistaken for the campus of a top US university. Among
the 50 buildings were a glass pyramid-shaped multimedia facility housing a private television
studio, a large dome-shaped library, auditoriums and lecture halls for continuing education
classes, refectories, sports centers, and a bookshop. One moves around mostly by foot, bicycle.
We used some futuristic electric cars, but these are probably used only for visitors.
8
Awards
Infosys has consistently been honored by customers, industry bodies, media and other
influencers. The following are among the recognitions we received over the past year:
Infosys was ranked among the top 50 most respected companies in the world by Reputation
Institute’s Global Reputation Pulse 2009. We have been voted the
'Most Admired Indian Company' in The Wall Street Journal Asia 200 for 10 years in a row
since 2000. We won Sears Holding Corporation's Partners in Progress award for the second
consecutive year. We also won HDS' Diamond Award for 'Best Virtualization Strategy' and
Platinum Award for 'Best Green Strategy for a Data Center'. Infosys was also listed in the
Most Admired Knowledge Enterprises (MAKE) 2008 study and Forbes' Asian Fabulous 50 for
the fourth consecutive year. We were ranked among the 'Best Companies for Leaders' in a
survey by Bloomberg BusinessWeek and Hay Group in 2009,
'India's Best Companies to Work For - 2009' in a survey by the Great Place to Work® Institute
and conferred with the NASSCOM gender inclusivity award. Asset magazine acclaimed our
Corporate Governance, acknowledging our corporate policies and practices as among the best
in the industry.
Sustainability
Infosys began its journey in India's business environment in the 1980s, in an era when endless
red tape was imposed on the private sector. In this environment, building a company whose
long-term objectives included operational longevity, high ethical standards and global respect
demanded commitment to a core set of values. For Infosys, these values focus on instilling trust
in our relationships with all stakeholders, including employees, investors, clients, society and the
communities in which Infosys operates.
•At Infosys, we believe that we must develop trust with the communities in which we operate to
achieve longevity as a corporation. Through the Infosys Foundation, which receives a grant
every year from Infosys (the last year's grant was US$ 3 million) we contribute to betterment of
healthcare (hospitals, infrastructure), education (books, scholarships, refurbishment of
infrastructure) and skills
•Infosys emphasizes its commitment to investors through stringent corporate governance.
Infosys was also among the first Indian companies to voluntarily comply with the US Generally
Accepted Accounting Principles (GAAP) and now provides financial results in the GAAP of six
countries
•With employees from over 70 nationalities, Infosys has built an enduring value system based on
openness, honesty, fairness and transparency, which has earned us the confidence and trust of
our clients. We enjoy +95% customer retention
•Infosys has built one of the largest corporate education centers in the world. This 'finishing
center', with an annual capacity of 15,000, provides engineering graduates who aspire to be
employees with the equivalent of a Bachelor of Science degree in Computer Science from an
American university
9
Global offices
Asia Pacific
India - Bangalore, Pune-Maharashtra, Bhubaneswar, Chandigarh, Chennai, Gurgaon, Hyderabad, Jaipur,
Mangalore, Mumbai, Mysore, New Delhi, Thiruvananthapuram, Australia - Melbourne, Sydney and China
- Beijing, ShanghaiHong Kong - Hong Kong, Japan - Tokyo, Mauritius - Mauritius, New Zealand -
Wellington, UAE - Sharjah, Philippines - Taguig City, Fiji Island - Suva and Thailand - Bangkok
North America
Canada - Toronto, USA - Atlanta (GA), Bellevue (WA), Bridgewater (NJ), Charlotte (NC),
Southfield (MI), Fremont (CA), Houston (TX), Glastonbury (CT), Lake Forest (CA), Lisle (IL),
New York, Phoenix (AZ), Plano (TX), Quincy (MA), Reston (VA) and Mexico - Monterrey
Europe
Czech Republic - Brno, Belgium - Brussels, Denmark - Copenhagen, Finland - Helsinki, France -
Paris, Germany - Frankfurt, Stuttgart, Italy - Milano, Norway - Oslo, Poland - Łódź, The Netherlands
- Amsterdam, Spain - Madrid, Burgos, Sweden - Stockholm, Switzerland - Zürich, Geneva and UK -
Canary Wharf, London
South America
Brazil - Belo Horizonte
10
SUGGESTIONS
•In the given visit they could have given much more
information about the management concept
•As this company has got all the main departments, many good
organizational policies, good environment and has giving
much more importance in CSR, there is no need to give any
suggestion to the company
11
CONCLUSION
12