Infosys shareholders: who owns the most INFY stock?
Infosys (INFY) has long been one of India’s leading technology and consulting firms, attracting both institutional and individual investors worldwide. Understanding who owns its shares provides useful context for anyone analysing the company’s structure, governance and long-term positioning.
Cost pressures resulting from India’s persistently high inflation and the broader deterioration in global macroeconomic conditions – including concerns that a worldwide economic slowdown may be approaching – have weighed on Infosys (INFY) shares in recent months.
So far in 2022, INFY stock has fallen by 26.1%. Despite this recent weakness, Infosys shareholders are still sitting on five-year gains of around 187% – outperforming the S&P 500 (US500) over the same period by more than threefold.
Past performance is not a reliable indicator of future results.
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What is Infosys?
Infosys (INFY) is a global digital services and consulting firm that operates in more than 50 countries and employs over 300,000 people. It was founded in 1981 by seven engineers in Pune, India, and has since grown into one of the most recognised names in IT consulting.
Among the founders was Nagavara Ramarao Narayana Murthy, father of Akshata Murty. Ms Murty’s husband, Rishi Sunak, became leader of the UK Conservative Party and later Prime Minister of the UK in October 2022. Although not a major shareholder, Akshata Murty owns 0.93% of Infosys and is estimated to receive about £11.5m a year in dividends from her stake in the company.
The company generates revenue from two main business segments:
- Digital services, which include artificial intelligence, blockchain, cybersecurity and digital marketing.
- Core services, which include IT infrastructure, business process management, enterprise applications and integration services.
Infosys listed on the New York Stock Exchange (NYSE) in December 2012 under the ticker INFY, and its shares are also traded on exchanges in India, Argentina and Mexico.
Over the past five years, Infosys stock has delivered a 186.5% return, compared with gains of 51% for the S&P 500 and 83.8% for the US Tech 100 Index (US100).
Past performance is not a reliable indicator of future results.
Who are the shareholders of Infosys?
As of November 2025, The Life Insurance Corporation of India (LIC) Asset Management Arm is the largest single shareholder, owning approximately 9.6% of outstanding shares. BlackRock, Inc. holds around 4.9%, while SBI Funds Management Limited owns roughly 4.15%.
Other significant holders include ICICI Prudential Asset Management (2.7%), HDFC Asset Management (1.8%) and UTI Asset Management (1.7%). The Vanguard Group, Inc. holds about 2.39%, with Nippon Life India Asset Management, JP Morgan, and Kotak Mahindra each owning between 1% and 1.6%.
Founders and other promoters collectively own less than 2.4% of shares. Sudha Gopalakrishnan, one of the original promoters, remains the largest individual shareholder with around 2.3%.
Institutional Infosys shareholders
According to institutional filings as of late 2025, major shareholders include:
| Holder | Approx. ownership (%) | Shares held |
|---|---|---|
| Life Insurance Corporation of India (LIC) | 9.6% | 399,115,154 |
| BlackRock, Inc. | 4.9% | 203,035,260 |
| SBI Funds Management Ltd. | 4.15% | 172,255,949 |
| ICICI Prudential Asset Management | 2.7% | 113,105,512 |
| The Vanguard Group, Inc. | 2.39% | 99,161,242 |
| HDFC Asset Management | 1.8% | 73,458,087 |
| UTI Asset Management | 1.7% | 70,076,191 |
| Nippon Life India Asset Management | 1.3% | 54,759,143 |
| JP Morgan Asset Management | 1.15% | 47,611,347 |
| Sudha Gopalakrishnan (promoter/insider) | 2.3% | 95,357,000 |
Institutional and mutual fund investors collectively hold the majority of Infosys shares, while promoters represent a small proportion of total ownership. The company’s recent share buyback, which promoters opted out of, is expected to increase the proportion of institutional and public ownership following the record date of 14 November 2025.
Infosys: major insider shareholders
As of November 2025, insider ownership remains around 2.3–2.4%, mainly among founders and senior executives.
Disclosed holdings include:
- Nandan M. Nilekani – 100,461,168 shares
- Salil Parekh – 770,481 shares
- Mohit Joshi – 304,353 shares
- Inderpreet Sawhney – 149,673 shares
- Krishnamurthy Shankar – 113,869 shares
Nandan Nilekani continues to play a central role as chairman of the board, although his shareholding is relatively modest compared with institutional investors.
Shareholder composition overview
| Category | Outstanding shares (%) | Key examples |
|---|---|---|
| Domestic mutual funds & ETFs | ~40% | SBI, ICICI, UTI, HDFC |
| Other institutional investors | ~18% | JP Morgan, Kotak, LIC |
| Public companies & retail investors | ~42% | Individual shareholders |
| Foreign institutional investors (FII) | ~30–33% | BlackRock, Vanguard |
| Promoters & insiders | ~2.3–2.4% | Sudha Gopalakrishnan, others |
Bottom line
As of late 2025, Infosys’s ownership structure remains diverse, with institutional investors—both domestic and international—holding the majority of shares. No single shareholder or promoter has a controlling interest.
Whether INFY shares are appropriate for you will depend on your financial objectives, trading strategy, risk tolerance and portfolio size. Always conduct your own research and ensure you understand the risks before trading or investing. Never trade with money you can’t afford to lose.
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FAQ
Does Infosys have any government ownership?
Infosys does not have direct government ownership, but government-linked entities such as the Life Insurance Corporation of India (LIC) are among its largest institutional shareholders. LIC’s investment represents an asset management holding rather than a controlling interest, and no single shareholder holds a majority stake in the company.
How does Infosys manage shareholder voting rights?
Each Infosys share carries one voting right, allowing shareholders to participate in company decisions. Investors who hold shares through a brokerage account can vote directly or appoint their broker as a proxy. Key decisions, including board appointments and corporate actions, are typically decided at annual or extraordinary general meetings, in line with regulatory requirements.
How many Infosys shares are there?
As of November 2025, Infosys has approximately 4.15 billion outstanding shares in circulation. This figure is broadly consistent with the company’s previously reported share capital, reflecting minor adjustments following recent share buyback activity announced earlier in the year.