Infosys to build 10m sq ft office space

Infosys to build campuses on 6.1 million sq feet of space to accommodate 27,000 seats in 2006-07. To support its rapid manpower growth, Infosys will build state-of-art campuses on 10 million square feet of space across the country to accommodate around 44,000 seats in the next 24 months. This is equivalent to the entire office space taken up in the city during 2004.

Infosys says ADS conversion at $67 each

Infosys Technologies Ltd., India's second-biggest software services exporter, has converted 14 million local shares into American Depositary Shares (ADS) at $67 each, in a deal worth $938 million, the company said on Thursday.

Infosys set to complete 2nd sponsored ADS

Second American Depository Share issue for Infosys to rake up Rs 1538 crore from stakes sold by directors and promoters. It elicited warm response from frontline overseas buyers including Japanese investors.

Infosys management accounted for nearly 37 % of the issue. Infosys founder and Chief Mentor Narayana Murthy sold over 1.55 million shares or a 0.57% stake, raking in roughly Rs 462 crore (Rs 4.62 billion). MD & CEO Nandan Nilekani’s share was Rs 320 crore (Rs 3.20 billion) from his 0.4 % stake sale while COO S Gopalakrishnan got Rs 310 crore (Rs 3.10 billion) from participating in the issue. The cumulative amounts raised by all directors & promoters will be Rs 1538 crore (Rs 15.38 billion).

Infosys employees valued at $ 6.4 b

New economy companies are benchmarked by the quality of manpower they possess, for which software major Infosys has set a value in money terms.

The 36,750 employees of India's second largest software exporter have been valued at Rs 28,334 crore (6.4 billion US dollars).

Infosys marketcap & brand value double in '05 fiscal

Infosys saw its brand value and market capitalisation close to double during the recently concluded fiscal. Brand value was placed at Rs 14,153 crore($3.24 billion) for the year ended March 31, 2005 compared to Rs 8,185 crore($1.87 billion) for FY ‘04 and Rs 7,488 crore ($1.71 billion) for FY ‘03, according to the company’s annual report for FY 2004-05.

Infosys goes past TCS in market cap

Infosys has vaulted past Tata Consultancy Services as India's most valuable IT services company with a market capitalisation of Rs 56,740 crore (Rs 567.40 billion) as of May 9, 2005.

On the Bombay Stock Exchange, Infosys shares surged by as much as 3.74 per cent to close the day at Rs 2,096.85 per share. TCS shares on the BSE moved in a narrow band to close at Rs 1,172.40 per share rising by 0.46 per cent. The TCS market cap on the BSE stands at Rs 56,286.92 crore (Rs 562.869 billion).

Now Infosys is India's fourth largest company in terms of market cap behind ONGC, Reliance and NTPC.

Hema Ravichander quits Infosys

Hema Ravichander, the global head of the human resources at software major Infosys Technologies Ltd, has quit.

Infosys officials confirmed on Monday that Hema Ravichander, Group Head and Senior Vice-President, has resigned and "would be transitioning out of Infosys over the next few months."

Incidentally, this was her second stint with Infosys.

"I am currently exploring various options including consultancy opportunities in the human capital management space," Ravichander told media.