Infosys Enjoyed A Boom In UK Government Invoices In 2023

Tech services biz Infosys enjoyed a 49 percent increase in its invoices from the UK government for 2023, according to research figures.

The Indian company, founded by the father-in-law of British Prime Minister Rishi Sunak, has come under scrutiny as research from Tussell showed it billed £7 million ($8.87 million) in 2023, up from £4.7 million ($5.96 million) the previous year. The figure was higher in 2020 (£6.1 million / $7.73 million) and then dropped off.

In response to the report, the Cabinet Office has said all contracts are awarded following an open and fair process, and decisions are "rigorously scrutinized."

"Ministers do not take part in the evaluation or selection of winning bidders," the statement said.

Nonetheless, the association adds to the impression that the prime minister's family live in a world different from the rest of the UK population as he is expected to face a general election this year with his Conservative Party massively behind in opinion polls.

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Akshata Murty married Rishi Sunak, the investment banker turned political leader, in 2009. She is the daughter of N R Narayana Murthy, one of the seven co-founders of Infosys whose estimated personal wealth is around $4.1 billion. Akshata Murty holds a 0.93 percent stake in Infosys. The Sunday Times Rich List 2023 put her personal wealth at £529 million ($645 million) – a combination of her Infosys holdings and investments in other assets – making her and Sunak the 275th richest people in Britain, a nation of 67.33 million people.

Infosys has succeeded in notable UK public sector contract wins in the last few years.

These include a place, along with 27 other companies, on the NHS Shared Business Services' £250 million ($216 million) "Intelligent Automation" framework, and one of 62 that won a place on the Financial Conduct Authority's £563 million ($713 million) "Digital Services Framework Agreement."

It is also on a framework worth up to £30 million ($38 million) awarded by DWR Cymru Cyfyngedig, also known as Welsh Water. ®