Infosys, once the bellwether of India’s software industry, completed its 25 years of listing on Thursday.
The software maker, founded by NR Narayana Murthy and six engineers, made an initial public offer in February 1993 and its shares were listed on Indian stock exchanges on June 14, 1993.
Lets take a look at what market experts and strategists had to say about the iconic firm:
'Infosys is to India what Ford was to America in early 1920s' Ramesh Damani, member of BSE On creating a cult : I think once Infosys got listed, it created cult of investors but it created so much more. Because of Infosys, not only it did the tech people but Indians walked six inches taller because it is one of the extraordinary moments in corporate India. Historic listing: If you connect two events that happened in our lifetime – the fall of the Berlin Wall and for Dalal Street the listing of Infosys, you may not find much similarities but if you connect the two, one led to the other. 'Happy that the company listed at a time when India emerged from the darkness created by itself' Vallabh Bhanshali, chairman of Enam Securities On company's vision and execution: My thoughts are two fold - one I feel happy for the company’s shareholders, founders, management, employees and customers but more importantly feel happy that the company listed at a time when India emerged from the darkness created by itself of the controls and so on and how it played a torch bearer of values, vision, execution, scalability.
These were the factors that were important for the country as a whole and so feel happy that after 25 years, it is a good occasion to revisit those soft factors that shaped not only this company but to quite an extent shaped what has happened in the last 25 years.
Roadmap for the next 25 years : For every business customer is king and if you lose focus on the customer, you lose it all. Of course next comes execution and that has not only the technology and resources and people but also processes and culture. Those are the three things that Infosys set out to do quality work. On the founder: Mr Murthy was much sort after technology professional when he was caught by the enterprise bug because he was so free thinking, ambitious and idealist, he had to be an entrepreneur. That is the spirit Infosys has to continue to be confident about its ability to create value for shareholders and work backward to create that culture within the firm. 'Don't expect Infosys to deliver similar returns that it delivered in the last 25 years,'
The story with Infosys is that when the size increases, to generate returns between 15 and 20 percent, more value has to be created. So, one should not expect Infosys to deliver similar returns that it delivered in the last 25 years.
Nilesh Shah, managing director of Kotak Mahindra Asset Management.