1. India's second-largest IT company Infosys seems to facing tough times.
Going by the recent guidance announced by Infosys and Cognizant, the
latter is all set to go past Infosys to become the second largest
offshore IT services provider.
Infosys Technologies has also warned of challenging times ahead. Here are 8 little-known facts about the company based on its recent annual report filed with the US market regulator SEC.
2. Big jump in directors' remuneration: The total cash compensation paid to Infosys directors during the year ended March 2012 witnessed a sharp jump over the previous fiscal year. While the total compensation paid to the company's directors stood at Rs 13.5 crore in 2010-11, it jumped to Rs 25.28 crore in 2011-12.
KV Kamath's compensation rose to $2,05,000 from $1,25,600, a 63% increase in the total package over the 2011 fiscal. Kamath took charge as the chairman of the board in August 2011, but has served as an independent director since May 2009.
3.CEO's compensation cut : While the renumeration paid to the company's directors went up, Krish Gopalakrishnan, executive co-chairman of the board and SD Shibulal, CEO and MD of the company received 20 percent less cash compensation during the fiscal year 2011-12 as against 2010-11.
Shibulal's package was reduced by about $80,000 to $1,62,990 in 2011-12, while Gopalakrishnan's remuneration fell by about $85,000 to $1,64,543 during the same period.
4.An American is highest-paid employee: Infosys' highest-paid employee during the year ending March 2012 was a non-Indian employee. An American, Stephen R Pratt is the company's global head of consulting and system integration. Pratt recieved a gross package of close to $2 million, the highest amount paid by the company to any top-level executive during that period.
Pratt's division accounts for more than 30 per cent of Infosys's overall revenues. The Nasdaq-listed company said in its annual report filed with the US market regulator SEC.
5.Jump in total assets:According to Infosys annual report, the value of the company's total assets stood at Rs 38,348 crore in FY 2011-12.
The net cash generated from operations by the company stood during the same period is Rs 5,955 crore. The same stood at Rs 4,270 crore in 2010-11.
6.Cash reserves:Infosys ended the year 2011-12 with Rs 20,968 crore as cash and cash equivalent. As of March 2012, Infosys has Rs 989 crore in current accounts spread across Citibank, Deutsche Bank, Bank of America. The company's bank deposits went up to Rs 17,951 crore as against Rs 14,226 crore in the year before.
Infosys has Rs 1,733 crore in Bank of Baroda. It has Rs 1,500 crore each in Canara Bank, ICICI Bank and Bank of India. The company also has Rs 1,504 crore in bank deposits in ICICI bank.
7.LIC owns nearly 5% of Infosys:
The
single largest shareholder of Infosys is LIC. It has 2.82 crore shares
or 4.92 per cent stake in the company. Infosys in total has 4,60,139
shareholders.
8.Founders own 16%:Infosy Indian founders'approximately control 16.01 per cent of voting rights shares of the company according to the report. 39.01 per cent is owned by Foreign institutional investors. Indian banks, financial institutions and insurance companies have 11.88 per cent stake in the company.
Infosys Technologies has also warned of challenging times ahead. Here are 8 little-known facts about the company based on its recent annual report filed with the US market regulator SEC.
2. Big jump in directors' remuneration: The total cash compensation paid to Infosys directors during the year ended March 2012 witnessed a sharp jump over the previous fiscal year. While the total compensation paid to the company's directors stood at Rs 13.5 crore in 2010-11, it jumped to Rs 25.28 crore in 2011-12.
KV Kamath's compensation rose to $2,05,000 from $1,25,600, a 63% increase in the total package over the 2011 fiscal. Kamath took charge as the chairman of the board in August 2011, but has served as an independent director since May 2009.
3.CEO's compensation cut : While the renumeration paid to the company's directors went up, Krish Gopalakrishnan, executive co-chairman of the board and SD Shibulal, CEO and MD of the company received 20 percent less cash compensation during the fiscal year 2011-12 as against 2010-11.
Shibulal's package was reduced by about $80,000 to $1,62,990 in 2011-12, while Gopalakrishnan's remuneration fell by about $85,000 to $1,64,543 during the same period.
4.An American is highest-paid employee: Infosys' highest-paid employee during the year ending March 2012 was a non-Indian employee. An American, Stephen R Pratt is the company's global head of consulting and system integration. Pratt recieved a gross package of close to $2 million, the highest amount paid by the company to any top-level executive during that period.
Pratt's division accounts for more than 30 per cent of Infosys's overall revenues. The Nasdaq-listed company said in its annual report filed with the US market regulator SEC.
5.Jump in total assets:According to Infosys annual report, the value of the company's total assets stood at Rs 38,348 crore in FY 2011-12.
The net cash generated from operations by the company stood during the same period is Rs 5,955 crore. The same stood at Rs 4,270 crore in 2010-11.
6.Cash reserves:Infosys ended the year 2011-12 with Rs 20,968 crore as cash and cash equivalent. As of March 2012, Infosys has Rs 989 crore in current accounts spread across Citibank, Deutsche Bank, Bank of America. The company's bank deposits went up to Rs 17,951 crore as against Rs 14,226 crore in the year before.
Infosys has Rs 1,733 crore in Bank of Baroda. It has Rs 1,500 crore each in Canara Bank, ICICI Bank and Bank of India. The company also has Rs 1,504 crore in bank deposits in ICICI bank.
7.LIC owns nearly 5% of Infosys:
8.Founders own 16%:Infosy Indian founders'approximately control 16.01 per cent of voting rights shares of the company according to the report. 39.01 per cent is owned by Foreign institutional investors. Indian banks, financial institutions and insurance companies have 11.88 per cent stake in the company.
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