Bangalore, April 14
After an "intense, hectic and rewarding" journey of 25 years, Infosys is now poised to "conquer the world," according to the Chairman and Chief Mentor, Mr N.R. Narayana Murthy. At 25, one is strong, young and full of energy, he said. "This is the time you dream of bigger things and are daring, ready to conquer the world."
Speaking on the eve of company's silver jubilee, Mr Narayana Murthy said: "When we set out we didn't set any benchmarks in terms of revenues, profits, market capitalisation, and stock price. Our only desire is to seek respect: from companies, employees, vendor partners, investors, and the society. Our 50,000-odd employees have taken to the philosophy and made it a part of their DNA."
In the last 25 years Infosys has had several "wonderful moments", including when it won its first customer, imported its first computer, and when it was listed on the BSE and the Nasdaq, he added.
More importantly, he said, Infosys stands as a "shining example of all the good that came from economic reforms unleashed by the current Prime Minister and the then Finance Minister, Mr Manmohan Singh.
"We have demonstrated that it's possible to be headquartered in India, yet compete with the best global corporations. We have raised the level of corporate governance in the country. We have raised the confidence and enthusiasm of hundreds of thousands entrepreneurs in the country, that they too can succeed."
Calling the 49.5 per cent reservations in higher academic institutes a "social injustice", Mr Murthy said, "This move only raises questions. Instead focus should be on primary and secondary schooling. Effort must be made to enrol disadvantaged segments of society to make them more market worthy. More money and effort needs to be targeted in a national mission to make the socially underprivileged competition worthy."
In the next 20 years, Infosys would become a "much more global and multinational company, with a more diversified workforce in terms of multi-culturalism," said Mr Nandan M Nilekani, CEO, President, and Managing Director.
He foresaw an increase in the multi-ethnic composition of the company.
Infosys expects to add 25,000 employees in 2006-07 to its existing headcount of 52,715, of which 49,495 are software professionals. This could be the highest ever annually targeted employee addition in the history of Infosys.
The company has made 6,800 campus offers to candidates who will be joining during the current year. Some 100 graduates each from Mauritius and Thailand, who are being trained at Infosys, will also be hired.