TIMELINE OF INFOSYS

• 1981: Founded.
• 1983: Moved its headquarters to Bangalore, the capital of Karnataka
• 1987: First international sales office in Boston.
• 1987: Got its first foreign client, Data Basics Corporation from the United States
• 1993: Became a public limited company in India with an initial public offering of Rs. 13 crores.
• 1996: First office in Europe in Milton Keynes, UK
• 1997: Office in Toronto, Canada
• 1999: Listed on Nasdaq.
• 1999: Attained a SEI-CMM Level 5 ranking and became the first Indian company to be listed on NASDAQ
• 2000: Opened offices in France and Hong Kong
• 2001: Opened offices in United Arab Emirates and Argentina
• 2002: Opened new offices in Netherlands, Singapore and Switzerland.
• 2002: Business World named Infosys "India's Most Respected Company".
• 2002: Started Progeon, its BPO (business process outsourcing) subsidiary
• 2003: Acquired 100% equity of Expert Information Services Pty Limited, Australia (Expert) and changed the name to Infosys Australia Pty Limited.
• 2004: Set up Infosys Consulting Inc., U.S. consulting subsidiary in California, U.S.
• 2006: Became the first Indian company to ring the NASDAQ Stock Market Opening Bell
• 2006: August 20, N. R. Narayana Murthy retired from his position as the executive chairman
• 2006: Acquired the 23% stake Citibank had in its BPO offshoot Progeon, making it a wholly owned subsidiary of Infosys and changed the name to Infosys BPO Ltd.
• 2006: December, became the first Indian company to make it to Nasdaq-100.
• 2007: April 13, Nandan Nilekani stepped down as CEO and made way for Kris Gopalakrishnan to occupy his chair effective June 2007
• 2007: July 25, Infosys bags multi-million dollar outsourcing contract with Royal Philips Electronics in the area Finance & Accounting services strengthening its European operations.
• 2007: September, Infosys establishes a wholly-owned Latin American subsidiary, Infosys Technologies S. de R. L. de C. V., and opens its first software development center in Latin America in the city of Monterrey, Mexico.

During the 14-year period from 1993 to 2007, the issue price of an Infosys share has increased three thousandfold. This is excluding the dividends that the company has paid out over this duration.