1、Only those who dare to fail greatly can ever achieve greatly.Robert Francis Kennedy(19251968)?At the turn of the last millennium,e-commerce created excitement in thehallowed corridors of Harvard Business School as well as the poorest lanes ofHoshiarpur,Punjab,India.The reasons for this are not far t
2、o seek.The twopowerful paradigms of anytime-anywhere and virtualization of the corporationhave demonstrated their tremendous potential to improve business reach,toreduce costs and cycle times,and to enhance productivity in organizationsacross the globe.Consequently,consumers can hope for better comf
3、ort andgreater value-for-money.We,at Infosys,believe that technology has the potentialto bring as much value to the poor of India as to the rich of the United States.However,the task of e-enabling corporations to take advantage of this seminalphenomenon requires deep thought and quick action on the
4、part of businessleaders and IT professionals.This year,Infosys brings you an abridged versionof a very informative panel discussion on the challenges faced by corporationsin harnessing The Power of E-Commerce.?The year at a glance3Awards for excellence 1999-20004Adieu,NSR7Letter to the shareholders9
5、The Power of E-Commerce12Directors report24Risk management38Corporate governance45Report of the committees of the board57Management statement60Auditors report61Financial statements prepared in accordance with64Indian Generally Accepted Accounting Principles(Indian GAAP)Managements discussion and ana
6、lysis of financial condition and results of operations79Statement of cash flows91Balance sheet abstract and companys general business profile93Financial statements prepared in accordance with95the United States Generally Accepted Accounting Principles(US GAAP)Summary of consolidated financial data96