Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced the inauguration of a new state-of-the-art development center (DC) at the Mihan-SEZ in Nagpur, Maharashtra. Spread across 265,000 sq.ft., Infosys has invested over INR 230 crore in the development of this facility, which will provide greater flexibility for employees to work in a hybrid mode and enable re-skilling and up-skilling of local talent. The new center will also give employees the opportunity to work on next-gen technologies like cloud, AI, and digital across multiple industries, such as telecommunications, banking, retail, aerospace, automobile, logistics, and manufacturing, among others.
The DC was inaugurated by Hon’ble Union Minister Shri Nitin Gadkari, Hon’ble Deputy Chief Minister of Maharashtra Shri Devendra Fadnavis, in the presence of Mr. Nilanjan Roy, Chief Financial Officer, Infosys, Mr. Sunil Kumar Dhareshwar, Executive Vice President, Infosys, Mr. Tarang Puranik, Senior Vice President, Infosys, and Mr. Niladri Prasad Mishra, Vice President, Infosys, and other senior government officials.
The DC, which will accommodate over 3,000 employees, is aligned with Infosys’ future-ready hybrid workplace strategy. Additionally, in line with Infosys’ ESG commitments and green building standards, the office follows the highest standards of occupant health as well as efficiency, and uses innovative systems to reduce consumption of natural resources like energy, water, etc. The campus facilitates low-energy cooling, smart building automation, efficient rainwater harvesting, and 100% recycling of wastewater.
Shri Nitin Gadkari, Hon’ble Union Minister, Government of India, said, “The inauguration of the new Infosys development center in Nagpur is a significant milestone for the city’s growth trajectory. The center will serve as a catalyst for ecosystem development and is a testament to our vision of creating an environment for world-class IT services and solutions in the city. We are confident that Infosys’ Nagpur DC will create employment opportunities and contribute to the growth of the state’s IT sector.”
Shri Devendra Fadnavis, Hon’ble Deputy Chief Minister of Maharashtra, said, “We are proud that Infosys has put Nagpur on its global development center map with the commencement of operations at its state-of-the-art development center. I am absolutely delighted to see Infosys’s commitment to green practices and sustainability which has been a key design factor in developing this center. This is in line with our State/National vision for a better future. We look forward to a fruitful collaboration with Infosys in the years to come.”
Nilanjan Roy, Chief Financial Officer, Infosys, said, “The inauguration of the development center in Nagpur is a part of our commitment towards continuous innovation. We believe that this center will contribute to the growth of businesses, create direct and indirect job opportunities, promote sustainability and ecosystem development, and give an impetus to local and global businesses through its cutting-edge solutions and services.”
Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.
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Certain statements in this release concerning our future growth prospects, or our future financial or operating performance are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, our ability to attract and retain personnel, our transition to hybrid work model, economic uncertainties, technological innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, and our corporate actions including acquisitions. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2023. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
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