INFOSYS TECHNOLOGIES - THE BEST AMONG INDIAN CORPORATIONS

GROUP 6

OVERVIEW
Infosys Technologies is Indias most popular and best managed IT company. Founded by N.R. Narayana Murthy and six of his colleagues, with a partly sum of Rs.10000/as capital. It has today, a global presence of 32 sales offices in 16 countries, 33 global software development centres and one business continuity centre. It established Infosys Foundation, a trust, with objective of supporting the unprivileged in the society.

 Vision
To be a globally respected corporation that provides best-of-breed business 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, employees, vendors and society at large.

C-Life Principles of core values

Customer Delight Leadership by Example Integrity and Transparency Fairness Pursuit of Excellence

Infosyss Key to Success

Giving employees a world-class environment to work and learn. Giving employees a high quality of life and wealth creation opportunities. Looking at potential employees ability to learn and assimilate technical knowledge and skills. Replacing obsolete technology regularly to remain at the cutting edge.

Infosyss Key to Success cont...

Emphasizing constantly on quality by benchmarking against the best processes in the world. Diversifying income sources to minimize risk of revenue. Complying with accounting standards of advanced countries and ensuring strictest adherence to corporate governance.

What are the factors that have contributed to Infosys remaining Indias most admired company?
It strives to be the best company both commercially and ethically not only in India but also globally. They have developed a strong management system. Provides world-class working environment, quality service People-centric approach: to motivate employees Driven by values:
ethical organization, Value system ensures fairness, honesty, transparency and courtesy Strong focus on corporate governance Ahead in corporate social responsibility

Awards and Achievements

In 2000, National Award for Excellence in Corporate Governance by the Government of India. In 2001, ranked no.1 by Business World-IMRB Survey, among reputed companies in India. Voted as Indias best company for 6 years in a row, between 1996 to 2001, by Asia Money Poll. Won Global Most-Admired Knowledge Enterprises(MAKE) Award for 2004. Won Most Respected Companies Award 2004.

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 company
Infosys follows people-centric approach over the years. Employees strength has skyrocketed. They focus on skilled employees. They train their employees to get the best out of them. The quality of their employees distinguishes them from their competitors.

Benefits of people-centric approach

Motivates employees Increases job satisfaction of employees Quality service

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 at Infosys
Infosys has unveiled a Code of Ethics for its finance professionals and a whistleblowers policy to encourage and protect employees willing to share information on frauds, but who choose to be remain anonymous. In terms of ethical behaviour, 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 first Indian companies to adopt voluntarily the stringent US GAAP. The culture of ethical behaviour in the organization emanates from the top and percolates down to the managerial and employees level.

 Corporate Governance at Infosys

Infosys has become large public company that conforms to internationally benchmarked standards of corporate governance. It 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. It has started implementing best international governance practices. To implement best corporate governance practices, ensure
An independent and proactive board Independent committees to decide executive compensation and for nomination and audit purpose An independent audit system.

Infosys has put in place all these governance practices and has seen to their yielding fruitful results for the overall welfare of the stakeholders.

 Corporate Social Responsibility

Infosys has used its wealth and standing to contribute to improvements in community. Infosys established the Infosys Foundation, a trust, to aid destitute and the disadvantaged people.

Infosys Foundation
Objective: to support unprivileged in society. Successful projects in following areas:
Health Care: constructed many hospitals, donated costly equipment's Social Rehabilitation and Rural Upliftment: constructed orphanages, girls hostels. Learning and Education: the foundation has undertaken A Library for Every School Arts and Culture: coordinated a project to donate cassettes and players among rural schools.

Conclusion
The founder and chief architect of Infosys, N.R. Narayana Murthys vision is to harness technology and the free market to create jobs and to alleviate poverty. Infosys has created thousands of skilled, well paid jobs and furthered opportunity for Indians to develop their expertise and skills. It is a company that the entire world looks up to, in terms of sticking to ones sound ethical judgement and doing business the Right Way. It continues to set standards in everything it does.