IT major Infosys Technologies has incurred a capital expenditure of Rs.63 crore in its three loss-making subsidiaries in China, Mexico and the US last fiscal, the company said in its annual report. “We have invested Rs 22 crore each in infosys Mexico and Infosys Consulting Incorporation based in Texas, US, while making an additional investment of Rs 19 crore in Infosys China during FY 09,” Infosys Chief Executive Officer and Managing Director S Gopalakrishnan said in the report.
During fiscal 2005, the company established Infosys Consulting, a wholly-owned subsidiary in Texas, the US, to add high-end consulting capabilities to its global delivery model and in FY’09, the company serviced 96 clients and generated a revenue of Rs 287 crore with a net loss of Rs 59 crore, the company said in its annual report. The company has so far invested Rs 193 crore( USD 45 million ) in Infosys Consulting, which includes an investment of Rs 81 crore in FY’08. Its wholly-owned subsidiary, Infosys China, was formed to expand its business operations in that country. Infosys China serviced 71 clients and generated a revenue of Rs 129 crore, with a net loss of Rs 11 crore. Its employee strength as on March 2009 was 1,053.