Rangarajan Vellamore, CEO Infosys China, has become the first Indian to receive the Magnolia Gold award in recognition of his contributions to the development of IT industry in Shanghai, China’s financial hub. Shanghai Mayor Yang Xiong presented the awards at a special function to Rangarajan along with foreign professionals from countries like US, UK, France, Canada, Australia, and South Africa.
Rangarajan, 48, who has been residing in east China’s Shanghai metropolis for over eight years was earlier awarded Magnolia Silver award in 2011. He hails from Chennai.
Infosys
- Infosys is headquartered in Bangalore, Karnataka.
- Infosys is the second-largest India-based IT services company by 2014 revenues
- On 15 February 2015, its market capitalisation was ₹263,735 crores ($42.51 billion), making it India’s sixth largest publicly traded company.
- Infosys was co-founded in 1981 by Narayan Murthy, Nandan Nilekani, N. S. Raghavan, S. Gopalakrishnan, S. D. Shibulal, K. Dinesh and Ashok Arora after they resigned from Patni Computer Systems.
- The company was incorporated as “Infosys Consultants Pvt Ltd.” with a capital of ₹10,000
- One of its known products is Finacle which is a universal banking solution with various modules for retail and corporate banking.
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