Apple Inc had a similar problem when sitting on a mountain of cash aggregating $98 billion. However, the company earlier in March agreed to pay its first dividend since 1995 - at $2.95 a share - and announced $10bn buyback scheme using its huge cash hoard.
Infosys had in the past said that it was looking for acquisitions that would be funded from its cash pile.
However, the company has been unable to find an attractive buyout opportunity. Looking at the present economic fundamentals globally, it's unlikely that the company would go in for an acquisitions when conditions have hit a new low and its own business prospects have been hit.
There are renewed calls that the company should now use the money for a share buyback programme. Apple had done the same in March and not sure if Infosys might want to use resources for a buyback programme. Recently, another cash rich Indian company, Reliance Industries initiated a share buyback programme.
However, investors have been patient with Infosys and have been waiting for a long time to ensure that the company acquires a worthy pick and uses its cash. At the company's annual general body meeting questions were raised on the company's ability to put the money to good use.
With each passing day, the company's cash pile is mounting. And unless the company puts the money to good use soon, investors might lose patience with it.