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Infosys gains on entering into an agreement with India Post to transform its financial services

Infosys Ltd. | IT - Software | IT & ITES | BSE: 500209 | NSE: INFY

10 Aug 2012 Evaluate

Infosys is currently trading at Rs. 2285.00, up by 6.00 points or 0.26% from its previous closing of Rs. 2279.00 on the BSE.

The scrip opened at Rs. 2276.00 and has touched a high and low of Rs. 2289.15 and Rs. 2272.95 respectively. So far 2,781 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2990.00 on 22-Feb-2012 and a 52 week low of Rs. 2101.65 on 26-Jul-2012.

Last one week high and low of the scrip stood at Rs. 2309.95 and Rs. 2207.50 respectively. The current market cap of the company is Rs. 1,31,211.00 crore.

The promoters holding in the company stood at 16.04% while Institutions and Non-Institutions held 56.18% and 14.79% respectively.

Infosys, a global leader in consulting and technology, has been selected by the Department of Post, Ministry of Communications and Information Technology, Government of India for a mission-critical program that will enhance India Post’s financial services across 150,000 post offices in the country.

Under the agreement, Infosys and India Post will embark on a transformational initiative, which encompasses Financial Services System Integration. This project, estimated at Rs 700 crore, aims to transform India Post into a technology-enabled and autonomous market leader, by revolutionizing its financial operations and end-user services.

As Financial Services System Integrator, the company will implement and manage its flagship Finacle Core Banking and McCamish Insurance products to help India Post transform its banking and insurance operations - covering more than 200 million banking customers across urban and rural India; including a large base of insurance customers.

Besides, Infosys will be installing 1,000 ATMs for India Post as part of this program to increase the effectiveness of its delivery channel and will also implement an electronic Content Management system to manage millions of documents generated as part of India Post's financial operations. Further, this agreement with the company is part of the ‘India Post 2012’ modernization program that aims at bringing transparency, agility, flexibility and scalability to India Post’s operations.

Infosys Share Price

1318.60 -0.30 (-0.02%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
TCS	2581.65
Infosys	1318.60
HCL Tech.	1442.50
Wipro	204.35
Tech Mahindra	1511.85
View more..

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Infosys gains on entering into an agreement with India Post to transform its financial services

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