Wednesday, April 19, 2006

Wanna Be millionaire!

THERE are a million ways to make a million. Here is one. If any one would have invested Rs. 10,000 in buying shares of Infosys in 1993 when it floated its initial public offer, today your money would be worth, hold your breath, Rs 14.7 lakh (or Rs 1.47 million). Not bad.

While I was going through Sunday Business Times, headline read as "Infy net up 33.2% at Rs 2458 cr". So finally Mr. N.R. Narayana Murthy , Chief mentor Infosys Technologies has lived upto its old habit again. I was watching a clipping on a news channel in which while inagurating the new corporate headquarters in 1994 Mr. Murthy Chairman and CEO at that time announced "We will be a globally respected corporation that provides best-of-breed software solutions delivered by best-in-class people".
It took them 23 years to cross the first Billion Dollars of annual business and then within next 23 months another 1 Billion Dollors. So its good to celebrate 25 th anniversary in this way. Infosys is the first listed Indian company with this distinction (TCS crossed its Billion Dollars but it was NOT listed in 2003).

Interestingly Microsoft crossed its first Billion Dollars in its 16th year (Infosys did in 23rd year). Microsoft took another 2 years to cross $ 2 Billion; Infosys did the same!

So considering that Dollor has much more weight than Indian Rupee and Infosys has bulk of the employees in India, this is indeed nice performance!

1 comment:

Sumit said...

Looks good! But what should i do to become a millionaire? I did'n invested in 1993 :(