The company was started as Progeon Limited in April 2002 and is among the leading outsourcing companies in India according to NASSCOM. It was started as a 74-26 joint venture between Infosys and Citibank Investments. In 2006, Infosys bought out Citibank's share at a price of ₹592 per share, Citibank having invested at ₹0.20 per share. It opened its first international office in Brno, Czech Republic in 2004 to support its European clients. In 2006, its employee strength reached 10,000 and its name was changed from Progeon Limited to Infosys BPO Limited. It was renamed to Infosys BPM Limited in 2018. Infosys BPM operates through 32 delivery locations across Asia, Americas, Europe and rest of the world, with majority of its employee strength based in India. About 60% business of Infosys BPM comes from overlapping clients with the parent Infosys Ltd. During the FY 2013-14, it earned 48% of its revenue from North America, 34% from Europe, 4% from India and remaining 14% from other parts of the world. The proportion of voice and non-voice related revenue was 11:89 in the same financial year. It has two major subsidiaries, Infosys Portland and Infosys McCamish Systems, both of which are acquisitions
