Infosys 2011-12: 8 little-known facts

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.

IIT-Delhi to go to Haryana, new campus in Sonipat

SONIPAT/NEW DELHI: IIT-Delhi will soon set up its extension campus in Sonipat, just a few kilometres from the capital's border. Responding to a letter from the IIT-D director, Haryana chief minister Bhupinder Singh Hooda has announced that his government will provide 50 acres to the institute in Rajiv Gandhi Education City in Sonipat.

The 2,000-acre Education City, which was launched on Sunday, is the first-of-its-kind in the country, housing dozens of campuses of higher education institutes.

IIT-D director R K Shevgaonkar's letter was handed over to Hooda by his son and Rohtak MP Deepender Singh Hooda, the lone parliamentarian on the IIT advisory council. Shevgaonkar has said the extension campus would not only facilitate the institute's much needed expansion but also provide an additional impetus to the economic and technical growth of the state.

"The land at Sonipat will be used for activities like faculty development, incubation and setting up science and technology park, which would contribute in the growth of Haryana. We have also asked for land in Jhajjar, which would be used to set up a campus for research activities," he said.

IIT-D, which has the second highest number of students but the smallest campus, has been searching for land in NCR as it doesn't have enough space in Delhi.

Earlier in the day, Hooda laid foundation stones of 10 educational institutions that would come up in over 168 acres in the coming Education City. The Haryana government estimates that once fully functional, Education City would have over 1 lakh students. "You can imagine the impact it would have on Sonipat's development and the state and Sonipat would compete with Gurgaon," the chief minister said.

Education City is being developed on the pattern of Oxford University, the government claimed. Besides regular courses like management, information technology and computer sciences, it would also house institutes offering courses in bio-medical engineering, bio-technology, nano-technology, defence research and film and media studies.

The state government has reserved 25% of all seats for students from Haryana. Outstanding students from the state will also get a special rebate in fees.

JODPUR DEVELOPMENT AUTHORITY

CM Gehlot to launch Vivek Vihar Housing Scheme

 Source: Bhaskar News    

 

 

 

 

Jodhpur: The Jodhpur Development Authority is all set to launch a new housing scheme for Jodhpur city. Chief Minister Ashok Gehlot is going to launch the Vivek Vivek Housing Scheme as soon as he reaches city.
The (JDA) has made all arrangements to launch the scheme as soon as possible. The authority has even passed orders to print the housing scheme brochures.
The authority is expecting huge profits from this housing scheme which would be launched soon. JDA is expected to earn more than one arab from this scheme.
According to official sources, the allotment of 3000 flats would be done through lottery.
The Vivek Vihar Housing Scheme is one of the biggest housing scheme launched in Jodhpur city.