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Happy 25th, Infosys

Miranda Kennedy Jul 31, 2006
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Happy 25th, Infosys

Miranda Kennedy Jul 31, 2006
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TEXT OF STORY

SCOTT JAGOW: Infosys is 25 years old. It was India’s first global company and today it’ll ring the bell on the NASDAQ. More now from Miranda Kennedy.


MIRANDA KENNEDY: Infosys became the first Indian company of any kind to list on a US stock exchange back in 1999. It set a precedent. Dozens of Indian firms have since followed suit.

Nandan Nilekani, the CEO of Infosys, says they’ve broken ground in many ways since India began economic reforms 15 years ago.

NANDAN NILEKANI: One of the hopes of that reform process was that home-grown companies would become globally competitive. Infosys in a sense is a paradigm of that.

Today Infosys has become a bellwether for India’s surging economy. So much so that India’s finance minister said yesterday that India needs to replicate it many times over, if India is to become a global business destination.

In New Delhi, I’m Miranda Kennedy for Marketplace.

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