Narayana Murthy’s Infosys secures massive Rs 8350000000 deal, to help Ikea with…

Narayana Murthy’s Infosys is one of the biggest IT companies in India with a market cap of Rs 631000 crore. The IT giant has clients all over the globe and it has now secured a massive Rs 8350000000 deal from Swedish multinational conglomerate Ikea. As per a report by the Economic Times, Infosys has signed a five-year agreement with Ikea. The company will be offering enterprise service management to Ikea using ServiceNow and IT services management. It will also offer a service desk for Ikea's massive workforce of 170,000 employees and 260,000 devices. The services will offer 19 languages.

The report further reveals that almost 350 employees of Ikea from countries such as hina, France, Germany, India, Poland, Sweden, and the United States, will be moved to Infosys as part of the deal.

Although Infosys is based out of India, it caters to clients all over the globe and it currently has a presence in over 56 nations. IT giant Infosys was recently fined around Rs 260000 which is nothing when you look at the financial transactions of the company. The penalty on Narayana Murthy’s firm has been imposed due to non-payment of sales tax for the period of April 2024.

Infosys was also recently slapped with a fine for alleged violation of short payment of modified business tax. For those who are unaware, short payment refers to partial or reduced payment made that is lesser than the invoiced amount.