FORM 20-F - Infosys

1 UNITED STATES SECURITIES AND exchange COMMISSIONW ashington, 20549 FORM 20-F(Mark One) Registration statement pursuant to Section 12(b) or (g) of the Securities exchange Act of 1934OR Annual Report pursuant to Section 13 or 15(d) of the Securities exchange Act of 1934 For the fiscal year ended March 31, 2021OR Transition Report pursuant to Section 13 or 15(d) of the Securities exchange Act of 1934 For the transition period from _____ to _____OR Shell Company Report pursuant to Section 13 or 15(d) of the Securities exchange Act of 1934 Date of event requiring this shell company report_____Commission File Number 001-35754 Infosys LIMITED(Exact name of Registrant as specified in its charter)Not Applicable(Translation of Registrant s name into English)Bengaluru, Karnataka, India(Jurisdiction of incorporation or organization)Electronics City, Hosur Road, Bengaluru, Karnataka, India 560 100. +91-80-2852-0261(Address of principal executive offices)Nilanjan Roy, Chief Financial Officer, City, Hosur Road, Bengaluru, Karnataka, India 560 100.

2 (Name, telephone, e-mail and / or facsimile number and address of company contact person)Securities registered or to be registered pursuant to Section 12(b) of the Act:Title of Each ClassTrading SymbolName of Each exchange on Which RegisteredAmerican Depositary Shares each representedby one Equity Share, par value 5/- per shareINFYNew York Stock exchange (NYSE)Securities registered or to be registered pursuant to Section 12(g) of the Act:None.(Title of class)Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act:Not Applicable(Title of class)Indicate the number of outstanding shares of each of the issuer s classes of capital or common stock as of the close of the period covered by the Annual Report: 4,260,660,846 Equity by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act Yes No If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities exchange Act of 1934.

3 Yes No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No Indicate by check mark whether the registrant has submitted electronically every Interactive Data file required to be submitted pursuant to Rule 405 of Regulation S-T( of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or an emerging growth company. See definition of large accelerated filer, accelerated filer and emerging growth company in Rule 12b-2 of the exchange Act:Large accelerated filer Accelerated filer Non- accelerated filer Emerging growth company If an emerging growth company that prepares its financial statements in accordance with GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the exchange Act.

4 The term new or revised financial accounting standard refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, by check mark whether the registrant has filed a report on and attestation to its management s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 7262(b)) by the registered public accounting firm that prepared or issued its audit report. Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this GAAP International Financial Reporting Standards as issued by the International Accounting Standards Board Other If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the exchange Act).

5 Yes No Currency of presentation and certain defined termsIn this Annual Report on Form 20-F, references to or United States are to the United States of America, its territories and its possessions. References to India are to the Republic of India. References to $ or dollars or dollars are to the legal currency of the United States and references to or Rupees or Indian rupees are to the legal currency of India. Our consolidated financial statements are presented in dollars and are prepared in accordance with the International Financial Reporting Standards ( IFRS ) as issued by the International Accounting Standards Board ( IASB ). References to a particular fiscal year are to our fiscal year ended March 31 of such references to we, us, our, Infosys , Company or the Group shall mean Infosys Limited and our consolidated subsidiaries unless specifically indicated otherwise or the context indicates otherwise.

6 Infosys is a registered trademark of Infosys Limited in countries including United States, India, United Kingdom and Australia. All trademarks or trade names used in this Annual Report on Form 20-F are the property of their respective references to IT services exclude business process management services, products and platforms as otherwise stated in this Annual Report on Form 20-F, all translations from Indian rupees to dollars are based on the fixing rate in the city of Mumbai on business days for cable transfers in Indian rupees as published by the foreign exchange Dealers association of India, or March 31, 2021, this exchange rate was per $ No representation is made that the Indian rupee amounts have been, could have been or could be converted into dollars at such a rate or any other rate. Any discrepancies in any table between totals and sums of the amounts listed are due to rounding Note Regarding Forward-Looking StatementsThis Annual Report on Form 20-F contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities exchange Act of 1934, as amended, that involve substantial risks and uncertainties.

7 Forward-looking statements generally relate to future events or our future financial or operating performance and that are based on our current expectations, assumptions, estimates and projections about the Company, our industry, economic conditions in the markets in which we operate, and certain other matters. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as anticipate , believe , estimate , expect , intend , will , project , seek , should and similar expressions. Those statements include, among other things, risks and uncertainties regarding COVID-19 and the effects of government and other measures seeking to contain its spread, the discussions of our business strategy, including the localization of our workforce and investments to re-skill our employees and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, wage increases in India, change in the Indian regulations governing wages, restrictions on immigration in the US, and corporate actions including timely completion of the proposed buy-back of our equity shares.

8 These statements are subject to known and unknown risks, uncertainties and other factors, which may cause actual results or outcomes to differ materially from those implied by the forward-looking statements. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements include, but are not limited to, those discussed in the Risk Factors section in this Annual Report on Form 20F. In light of these and other uncertainties, you should not conclude that the results or outcomes referred to in any of the forward-looking statements will be achieved. All forward-looking statements included in this Annual Report on Form 20F are based on information and estimates available to us on the date hereof, and we do not undertake any obligation to update these forward-looking statements unless required to do so by of Contents Part IItem of Directors, Senior Management and AdvisersItem Statistics and Expected TimetableItem InformationItem on the CompanyItem Staff CommentsItem and Financial Review and ProspectsItem , Senior Management and EmployeesItem Shareholders and Related Party TransactionsItem InformationItem Offer and ListingItem InformationItem and Qualitative Disclosures About Market RiskItem of Securities Other than Equity SecuritiesPart IIItem.

9 Dividend Arrearages and DelinquenciesItem Modifications to the Rights of Security Holders and Use of ProceedsItem and ProceduresItem Committee Financial ExpertItem of EthicsItem Accountant Fees and ServicesItem from the Listing Standards for Audit CommitteesItem of Equity Securities by the Issuer and Affiliated PurchasersItem in Registrant s Certifying AccountantItem GovernanceItem Safety DisclosurePart IIIItem StatementsItem StatementsItem Part IItem 1. Identity of Directors, Senior Management and AdvisersNot 2. Offer Statistics and Expected TimetableNot 3. Key InformationSELECTED FINANCIAL DATAS ummary of Consolidated Financial DataYou should read the summary consolidated financial data below in conjunction with the Company s consolidated financial statements and the related notes, as well as the section titled Operating and Financial Review and Prospects, all of which are included elsewhere in this Annual Report on Form 20-F.

10 The summary consolidated statement of comprehensive income for the year ended March 31, 2021, March 31, 2020, March 31, 2019 and March 31, 2018 and the summary consolidated Balance Sheet data as of March 31, 2021, March 31, 2020, March 31, 2019 and March 31, 2018 have been derived from our consolidated financial statements and related notes which have been audited by Deloitte Haskins & Sells LLP (successor auditor) consequent to mandatory auditor rotation regulation in India. The summary consolidated statement of comprehensive income for the years ended March 31, 2017 and the summary consolidated balance sheet data as of March 31, 2017 have been derived from our consolidated financial statements and related notes which have been audited by KPMG (predecessor auditor). The summary consolidated comprehensive income data and the summary consolidated Balance Sheet data given below have been prepared and presented in accordance with IFRS as issued by IASB.