Infosys has done great things to bring into the world IT outsourcing map. No one can take that credit away. BUT much like most "nationalist" companies - they have indulged in blatant land grabbing with the help of politicians which makes this company more valuable as real estate player than as a software company. See - till tdy Infosys has relied completely on just having human resources to generate income ( say $ 50000 er employee ) and that will have diminishing returns going forward. Much like Arvind Mills - their value is the prime real estate they are sitting on .....