financetom
Business
financetom
/
Business
/
Infosys is to India what Ford was to America in early 1920s, says Ramesh Damani
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Infosys is to India what Ford was to America in early 1920s, says Ramesh Damani
Jun 14, 2018 2:21 AM

Infosys, once the bellwether of India's software industry, completed its 25 years of listing on Thursday.

Share Market Live

NSE

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.

In an interview with CNBC-TV18, Ramesh Damani, member of BSE, shared his perception of Infosys and how the IT major made a name for itself in the ever-changing world of software technology.

"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," said Damani.

Established in 1981 in the western Indian city of Pune, Infosys' grew its capital base from $250 to $10.9 billion with a market capitalization of about $39 billion.

In last 35 years, Infosys has catalyzed some of the major changes that led to India's emergence as the global destination for software services talent. It also became the first IT company from India to be listed on NASDAQ.

“Infosys is what Ford was to America in early 1920’s or what Google and Apple have been," added Damani.

Such is the significance of Infosys that Damani connects the listing of the software major to one of major events in history: The collapse of the Berlin Wall that allowed all German citizens to visit West Germany and West Berlin.

"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,” said Damani.

First Published:Jun 14, 2018 11:21 AM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Less
Less "Resilience" in Canada's Economy Than Meets The Eye, Says Rosenberg Research
Aug 8, 2025
07:10 AM EDT, 08/08/2025 (MT Newswires) -- The Canadian economy may be resilient but it's still barely showing a pulse despite moderate tax relief, the Buy Canada and Travel within Canada craze, and the prior aggressive interest rate cuts engineered by the Bank of Canada, said Rosenberg Research. Real gross domestic product shrank by a modest 0.1% month over month...
ANI Pharmaceuticals Q2 Adjusted Earnings, Revenue Rise; 2025 Guidance Raised
ANI Pharmaceuticals Q2 Adjusted Earnings, Revenue Rise; 2025 Guidance Raised
Aug 8, 2025
07:11 AM EDT, 08/08/2025 (MT Newswires) -- ANI Pharmaceuticals ( ANIP ) reported Q2 adjusted earnings Friday of $1.80 per diluted share, up from $1.02 a year earlier. Analysts polled by FactSet expected $1.41. Net revenue for the quarter ended June 30 was $211.4 million, compared with $138 million a year earlier. Analysts surveyed by FactSet expected $190.1 million. The...
Senior health care company National Healthcare posts higher Q2 revenue
Senior health care company National Healthcare posts higher Q2 revenue
Aug 8, 2025
Overview * National Healthcare ( NHC ) Q2 net operating revenues rise 24.7% to $374.91 mln * Adjusted EPS for Q2 increases to $1.65, reflecting strong operational performance * GAAP net income declines to $23.72 mln, adjusted net income rises 64.7% Result Drivers * SAME-FACILITY GROWTH - 9.6% increase in same-facility net operating revenues contributed to overall revenue growth *...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved