Infosys To Open First Rural BPO Unit In AP On Feb 27 (23-Feb-2010)
Infosys is all set to launch its first rural Business Process Outsourcing (BPO) unit in Andhra Pradesh on 27th of February.
Its BPO unit will have a capacity of 200 people and would come up in West Godavari district of Andhra Pradesh.
Infosys has plans to have more than 4,000 seats in all its rural BPOs''.
A senior official in the Information Technology Ministry said Infosys have entered into an agreement with the State Government to set up at least one such BPO in all the districts in a phased manner. And by the end of 2010, Infosys will have all the BPOs ready and running its operations.
According to the agreement, the BPOs will receive confined business of up to 50 % from various Government units, while the company is allowed to cover private opportunities in the respective districts.
As a result, Infosys had joined hands with DesiCrew Solutions Pvt Ltd. and Ruralshores Business Services Pvt Ltd., to run the BPOs in Andhra Pradesh. The company also has plans to implement this model in other States of the country as well.
The State Government will also set up 5,000 Rajiv Service Centres under Public Private Partnership (PPP) model, which will later be integrated with eSeva centres. It has also decided to install a Human Resource Management System and a Health Management System.
For this, the Government took a move to study and understand the constraints on the demand side of e-governance programmes.
Infosys is currently trading flat at Rs.2568.4 at 2.39 PM.
The stock hit an intraday high of Rs.2584.9 till now, as against the 52-week high of Rs.2710.The stock hit a low of Rs.2557.8 during the day. The stock had hit a 52-week low of Rs.1146.4 on February 24, 2009.
The stock opens at Rs.2557.8 at BSE. The total traded volume of the scrip on BSE till now stood at 35344.
Meanwhile today, the BSE Sensex is trading up by 49.50 points, or 0.30% , at 16286.55 on 2:39 PM.
Meanwhile today, the NSE Nifty is trading up by 14.70 points, or 0.30% , at 4871.1.
Infosys Technologies has an equity capital of Rs 286.77 crore as of 2009 Dec. The face value per share is Rs 5. At the current price of Rs 2568.4, the P/E multiple stood at 25.3799601805673 with book Value of 310.53 and P/BV at 8.27.
The total shareholding pattern of the company as on Dec 2009 stood at Promoters- 16.06%, Institutional Investors- 45.09%, General Public- 14.52% and other investors- 24.34%.
Considering the current price of Rs. 2568.4 at 2:39:00 PM , the stock had outperformed the market over the past one month till 23/02/2010 surged 1.2% as compared to the Sensex''s return of -2.94% and NSE Nifty''s -2.94 % returns.
Considering the current price of Rs. 2568.4 at 2:39:00 PM , the stock had outperformed the market over the past one quarter till 23/02/2010 surged 7.61% as compared to the Sensex''s return of -3.37% and NSE Nifty''s -3.37 % returns.
Meanwhile, Infosys, in order to ensure adequate funds for the small and medium industries, Infosys CEO Kris Gopalakrishnan has called for improved efforts since the sector has a crucial role in creating jobs and promoting growth.
However, he said that for the short term, they need to look at credit availability for small and medium enterprises.
Meanwhile, he said that the issues affecting the financial sector should be addressed by the global leaders as they impact everyone, stating climate change and sustainable development as 2 important agenda for the WEF meeting.
He said while in the last 15 years there has been massive growth due to excess liquidity created through financial innovation.
Infosys is an Information Technology Services Company headquartered in Bangalore (India).
Infosys is one of the largest IT companies in India with 105,453 professionals (including subsidiaries). It has offices in 50 countries and development centers in India, China, Australia, UK, Canada and Japan.
It offerings are - span business and technology consulting, application services, systems integration, product engineering, custom software development, maintenance, re-engineering, independent testing and validation services, IT infrastructure services and business process outsourcing.
The Company has posted a profit after tax of Rs. 14710 mn for the quarter ended December 31, 2009 as compared to Rs. 15980 mn for the quarter ended December 31, 2008. Total Income has increased from Rs. 54770 mn for the quarter ended December 31, 2008 to Rs. 55580 mn for the quarter ended December 31, 2009.
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