Infosys rings Nasdaq trading bell from Mysore

31 July 2006

Mumbai: Infosys Technologies Limited has achieved the rare distinction of opening the day's trading at Nasdaq from its campus in Mysore, the first for an Indian company. Infosys was also the first Indian company to be listed on the Nasdaq in 1999.

The event, broadcast live from the Infosys campus in Mysore to NASDAQ's MarketSite tower in Times Square, New York, signalled that India is fast becoming a part of the global economic community.

N R Narayana Murthy, Infosys' chairman and chief mentor; Nandan M. Nilekani, CEO, president and managing director, Infosys; Montek Singh Ahluwalia, deputy chairman of the Planning Commission; and Bob Greifeld, president and CEO of the Nasdaq stock market, rang the bell to mark Infosys' 25th anniversary celebrations.

"Twenty-five years ago, we founded Infosys with a vision of the global delivery model. That vision has been validated as the tide of globalisation has swept across the world and businesses are dramatically changing how they run their organisations," said Murthy. "Opening the NASDAQ market from India is not only a great honor for Infosys, but also illustrative of the emerging new world", he added.

The opening bell is a ceremonial event that represents the essence of Nasdaq's virtual market model. Since Nasdaq's operations are entirely electronic, it can be opened from any location around the world, symbolically bringing together investors and market participants at the beginning of each trading day.