15-Sep-2023
2 mins read
Infosys Carves Out a Niche on a Global Scale In a momentous achievement, Infosys has become the only Indian firm to find a place on TIME Magazine’s esteemed list of the “World’s Best Companies of 2023.” Positioned at 64th among 750 worldwide companies, Infosys has not only elevated its own standing but has also bolstered India’s reputation in the global business landscape.
The Evolution
Pioneering the Industry for Over 40 Years: Established in 1981, Infosys has led the way in the IT and consulting fields for more than 40 years. Boasting a workforce of over 336,000 professionals, the firm has played a crucial role in positioning India as a global hotbed for software services talent. Being publicly traded on the NYSE, Infosys has consistently adapted to industry changes and technological advancements.
Global Heavyweights
Surveying the Competition While Infosys claimed its spot as India’s sole representative, the list’s upper echelons were occupied by American technological behemoths such as Microsoft, Apple, Alphabet, and Meta Platforms. Additional notable firms in the top 20 included Accenture, Pfizer, and American Express. Interestingly, Infosys is also listed among the top three global professional services companies, alongside Accenture and Deloitte.
Criteria for Rankings
What Distinguishes Infosys? The list, compiled by TIME in partnership with Statista, considered three main factors for the rankings: Employee Satisfaction, Revenue Growth, and ESG (Environmental, Social, and Corporate Governance) criteria. For added context, the list-topping Microsoft showcased remarkable revenue growth and reduced emissions, while Accenture garnered the highest ESG score and has pledged to achieve net-zero emissions by 2025.
Closing Thoughts
Setting the Gold Standard for Indian Companies The inclusion of Infosys in TIME’s “World’s Best Companies of 2023” list serves as an endorsement of the firm’s ongoing dedication to quality, sustainability, and groundbreaking innovation. As the lone flag-bearer from India, Infosys is creating a template for other Indian businesses striving for international recognition.