Key Findings & Highlights:
Infosys is a multinational IT service, consulting, and business process management service provider with FY 2023 (the year ending 31 March 2023) global revenue of $17.8bn. Headquartered in Bengaluru, India, the company has ~314k employees globally.
With ~3,600 procurement FTEs and ~225+ clients across the globe, Infosys offers end-to-end source-to-pay capabilities across consulting, S2P operations, and technology. These services are integrated as ‘One Infosys’ and provide a single touchpoint across varying client requirements.
In 2012, Infosys acquired Portland Group, a niche consulting company based in Australia. Infosys Portland is now the consulting arm of Infosys procurement services and delivers consulting and strategic work.
In 2018, Infosys formed a JV with Hitachi, Panasonic, and Pasona in Japan. It acquired an 81 percent stake in Hitachi Procurement Service Co. to start a new venture, HIPUS Co. Ltd. HIPUS is positioned to provide consolidation and consortium buying services while delivering savings. Infosys BPM has partnered with major aggregators and consolidators like HH Global and BulkMRO to expand HIPUS-led consortium buying model to US and European markets.