As per the latest list released by NASSCOM for the year 2007-2008, the following are the top 10 IT companies in India. The list reads:
1. Tata Consultancy Services
The Indian software industry is set to keep up its growth rate despite the slowdown in the economy. The National Association of Software and Services Companies (NASSCOM) has forecast a strong outlook for FY08-09, with software and services revenue seen growing by 21-24 percent. The software and services exports are set to hit the $50 billion mark.
The software and services exports segment grew by 29 percent (in USD) to register revenues of $40.4 billion in FY07-08, up from $31.4 billion in FY06-07. The domestic segment grew by 26 percent (in INR) to register revenues of $11.6 billion in FY07-08. According to the latest NASSCOM rankings, Tata Consultancy Services Ltd., Infosys Technologies Ltd., and Wipro Technologies Ltd. are the top 3 revenue generators in India. Check out the top ten players in the Indian IT industry.
TCS
Founded in 1968, TCS is one of India's largest corporate houses. It is also India's largest IT employer with a staff strength of 111,000 employees.
The company began as a division of the Tata Group, called the Tata Computer Centre. Its main business was to offer computer services to other group companies. Soon, the company was spun off as Tata Consultancy Services after it realized the huge potential of the booming IT services.
The company posted a consolidated net profit of Rs 1,290.61 crore (Rs 12.90 billion) for the first quarter ended June 30, 2008, an increase of 7.3 percent compared to the year-ago period.
Its annual sales worldwide stand at $5.7 billion for the fiscal year ending March 2008. During the year 2007-08, TCS' consolidated revenues grew by 22 percent to Rs 22,863 crore ($5.7 billion). S. Ramadorai is the chief executive officer and managing director of TCS.
TCS is IDC-Dataquest IT's best employer in IT services in 2007. TCS also topped DataQuest DQTop 20 list of IT service providers in 2007.
2. Wipro
What started off as a hydrogenated cooking fat company, Wipro is today a $5 billion revenue-generating IT, BPO, and R&D services organization with a presence in over 50 countries. Premji started Wipro with the 'idea of building an organization which was deeply committed to values, in the firm belief that success in business would be its inevitable, eventual outcome.' The company has over 72,000 employees.
Wipro's revenues grew by 33 percent to Rs 19,957 crore (Rs 200 billion) for the year ended March 31, 2008. The net profit grew by 12 percent to Rs. 3,283 crore (Rs. 32.83 billion). The revenues of the combined IT businesses were $4.3 billion with 43 percent YoY growth.
Wipro was the only Indian company to be ranked among the top 10 global outsourcing providers in IAOP's 2006 Global Outsourcing 100 listing. Wipro has also won the International Institute for Software Testing's Software Testing Best Practice Award.
3. Infosys
Infosys Technologies Ltd was started in 1981 by seven people with $250. Today, the company boasts of revenues of over $4 billion and 94,379 employees. Under the leadership of N R Narayana Murthy, the company has become a global brand. The company is now headed by Kris Gopalakrishnan. The income for the quarter ended June 30, 2008, was Rs 4,854 crore (Rs 48.54 billion). The net profit stood at Rs 1,302 crore (Rs 13.02 billion).
Forbes magazine named Infosys in its list of Global High Performers. Waters magazine rated Infosys as the Best Outsourcing Partner. The Banker magazine conferred two Banker Technology Awards on Infosys to acclaim its work in wholesale and capital markets in two categories - Payments and Treasury Services, and Offshoring and Outsourcing.
The International Association of Outsourcing Professionals (IAOP) ranked Infosys at No. 3 in its '2008 Global Outsourcing 100'.
4. Satyam Computer Services
Established in 1987 by Ramalinga Raju, Satyam has a staff strength of 51,000 employees. In 2008, the company's revenues crossed the $2 billion mark. 'A simple, yet extensive management model to create value, which promotes entrepreneurship, a focus on the customer, and the constant pursuit of excellence,' is the company's mantra for success. In FY2008, its revenues saw a growth of 30.7 percent to Rs 8,473.49 crore (Rs 84.73 billion) compared to fiscal 2007.
The net profit stood at Rs 1,687.89 crore (Rs 16.87 billion), a growth of 20.2 percent over fiscal 2007. Satyam is among the youngest IT service companies to reach $1 billion in annual revenues. It is ranked No. 1 in the ASTD (American Society for Training and Development) BEST Award, 2007.
5. HCL Technologies
HCL is a leading global technology player with annual revenues of $4.9 billion. The HCL Enterprise comprises two companies listed in India, HCL Technologies and HCL Infosystems. Founded in 1976, HCL is one of 'India's original IT garage startups'. The HCL team comprises 53,000 professionals of diverse nationalities, operating across 18 countries. At a time when India had a total of 250 computers, Shiv Nadar led a young team that passionately believed in the growth of the IT industry.
Three decades later, he succeeded in creating a $4.9 billion global enterprise. The company has reported consolidated revenue of Rs 3017.5 crore (Rs 30.17 billion) during the quarter ended March 31, 2008. The profit after tax stood at Rs. 81.5 crore (Rs 815 million).
6. Tech Mahindra
Tech Mahindra was incorporated as a joint venture between Mahindra & Mahindra and BT plc in 1986 under the name of 'Mahindra-British Telecom'. Later, the name was changed to 'Tech Mahindra', to reflect the diversification and growth of the client base and service offerings. The company was incorporated in 1986. Tech Mahindra is a global systems integrator and business transformation consulting firm focused on the communications industry. At the helm of the fast-expanding organization is Vineet Nayyar.
In a career spanning over 40 years, he has worked with the government, international multilateral agencies, and the corporate sector. Tech Mahindra's net profit rose 8.57 percent to Rs 196.4 crore (Rs 1.96 billion) on 6.09 percent growth in net sale to Rs 911.6 crore (Rs 9.11 billion) in Q3 December 2007 over Q2 September 2007.
7. Patni Computer Systems
Patni Computer Systems Ltd. is one of the leading global providers of information technology services and business solutions. The company has clients across the Americas, Europe, and Asia-Pacific locations.
The company has serviced more than 400 Fortune 1000 companies for over two decades. Patni Computer Systems Limited was incorporated on 10 February 1978 under the Companies Act, 1956. On 18 September 2003, the Company converted itself from a private limited company into a public limited company.
The company, founded by Narendra K Patni, has a staff strength of over 14,000 professionals. The revenues for the quarter ended March 2008 stood at $176.4 million (Rs. 7,061.2 million), up 13.1 percent YoY from $156.0 million (Rs. 6,724.1 million). The net income for the quarter at US$ 18.1 million (Rs. 724.6 million) down 35.0 percent YoY from $27.8 million (Rs. 1,200.3 million). Frost & Sullivan ranked Patni 1st among 'Top 5 Engineering Service Providers'.
8. i-flex Solutions
i-flex started as a division of Citicorp (now Citigroup), wholly owned subsidiary called Citicorp Overseas Software Ltd. (COSL) in 1991. Later, a separate company Citicorp Information Technologies Industries Ltd. (CITIL) was formed, and Rajesh Hukku was appointed as its head.
CITIL started off with the universal banking product, MicroBanker, which became very successful. In the mid-90s, CITIL developed Flexcube at its Bangalore development center. After the launch of Flexcube, all of CITIL's transactional banking products were brought under a common brand umbrella. CITIL changed its name to i-flex solutions to reflect its growing independence from Citicorp and to strengthen its Flexcube brand.
In 2006, i-flex became a majority-owned subsidiary of Oracle Corporation. i-flex posted a top-line growth of 8 percent QoQ with revenue for the quarter ended March 31, 2008, at Rs 672 crore (Rs 6.72 billion) as compared to Rs 601 crore (Rs 6.01 billion) for the corresponding quarter during the previous year, representing a 12 percent YoY growth. The net income for the quarter stood at Rs 185
From India, Mumbai
Acknowledge(0)
Amend(0)
1001. Tata Consultancy Services
The Indian software industry is set to keep up its growth rate despite the slowdown in the economy. The National Association of Software and Services Companies (NASSCOM) has forecast a strong outlook for FY08-09, with software and services revenue seen growing by 21-24 percent. The software and services exports are set to hit the $50 billion mark.
The software and services exports segment grew by 29 percent (in USD) to register revenues of $40.4 billion in FY07-08, up from $31.4 billion in FY06-07. The domestic segment grew by 26 percent (in INR) to register revenues of $11.6 billion in FY07-08. According to the latest NASSCOM rankings, Tata Consultancy Services Ltd., Infosys Technologies Ltd., and Wipro Technologies Ltd. are the top 3 revenue generators in India. Check out the top ten players in the Indian IT industry.
TCS
Founded in 1968, TCS is one of India's largest corporate houses. It is also India's largest IT employer with a staff strength of 111,000 employees.
The company began as a division of the Tata Group, called the Tata Computer Centre. Its main business was to offer computer services to other group companies. Soon, the company was spun off as Tata Consultancy Services after it realized the huge potential of the booming IT services.
The company posted a consolidated net profit of Rs 1,290.61 crore (Rs 12.90 billion) for the first quarter ended June 30, 2008, an increase of 7.3 percent compared to the year-ago period.
Its annual sales worldwide stand at $5.7 billion for the fiscal year ending March 2008. During the year 2007-08, TCS' consolidated revenues grew by 22 percent to Rs 22,863 crore ($5.7 billion). S. Ramadorai is the chief executive officer and managing director of TCS.
TCS is IDC-Dataquest IT's best employer in IT services in 2007. TCS also topped DataQuest DQTop 20 list of IT service providers in 2007.
2. Wipro
What started off as a hydrogenated cooking fat company, Wipro is today a $5 billion revenue-generating IT, BPO, and R&D services organization with a presence in over 50 countries. Premji started Wipro with the 'idea of building an organization which was deeply committed to values, in the firm belief that success in business would be its inevitable, eventual outcome.' The company has over 72,000 employees.
Wipro's revenues grew by 33 percent to Rs 19,957 crore (Rs 200 billion) for the year ended March 31, 2008. The net profit grew by 12 percent to Rs. 3,283 crore (Rs. 32.83 billion). The revenues of the combined IT businesses were $4.3 billion with 43 percent YoY growth.
Wipro was the only Indian company to be ranked among the top 10 global outsourcing providers in IAOP's 2006 Global Outsourcing 100 listing. Wipro has also won the International Institute for Software Testing's Software Testing Best Practice Award.
3. Infosys
Infosys Technologies Ltd was started in 1981 by seven people with $250. Today, the company boasts of revenues of over $4 billion and 94,379 employees. Under the leadership of N R Narayana Murthy, the company has become a global brand. The company is now headed by Kris Gopalakrishnan. The income for the quarter ended June 30, 2008, was Rs 4,854 crore (Rs 48.54 billion). The net profit stood at Rs 1,302 crore (Rs 13.02 billion).
Forbes magazine named Infosys in its list of Global High Performers. Waters magazine rated Infosys as the Best Outsourcing Partner. The Banker magazine conferred two Banker Technology Awards on Infosys to acclaim its work in wholesale and capital markets in two categories - Payments and Treasury Services, and Offshoring and Outsourcing.
The International Association of Outsourcing Professionals (IAOP) ranked Infosys at No. 3 in its '2008 Global Outsourcing 100'.
4. Satyam Computer Services
Established in 1987 by Ramalinga Raju, Satyam has a staff strength of 51,000 employees. In 2008, the company's revenues crossed the $2 billion mark. 'A simple, yet extensive management model to create value, which promotes entrepreneurship, a focus on the customer, and the constant pursuit of excellence,' is the company's mantra for success. In FY2008, its revenues saw a growth of 30.7 percent to Rs 8,473.49 crore (Rs 84.73 billion) compared to fiscal 2007.
The net profit stood at Rs 1,687.89 crore (Rs 16.87 billion), a growth of 20.2 percent over fiscal 2007. Satyam is among the youngest IT service companies to reach $1 billion in annual revenues. It is ranked No. 1 in the ASTD (American Society for Training and Development) BEST Award, 2007.
5. HCL Technologies
HCL is a leading global technology player with annual revenues of $4.9 billion. The HCL Enterprise comprises two companies listed in India, HCL Technologies and HCL Infosystems. Founded in 1976, HCL is one of 'India's original IT garage startups'. The HCL team comprises 53,000 professionals of diverse nationalities, operating across 18 countries. At a time when India had a total of 250 computers, Shiv Nadar led a young team that passionately believed in the growth of the IT industry.
Three decades later, he succeeded in creating a $4.9 billion global enterprise. The company has reported consolidated revenue of Rs 3017.5 crore (Rs 30.17 billion) during the quarter ended March 31, 2008. The profit after tax stood at Rs. 81.5 crore (Rs 815 million).
6. Tech Mahindra
Tech Mahindra was incorporated as a joint venture between Mahindra & Mahindra and BT plc in 1986 under the name of 'Mahindra-British Telecom'. Later, the name was changed to 'Tech Mahindra', to reflect the diversification and growth of the client base and service offerings. The company was incorporated in 1986. Tech Mahindra is a global systems integrator and business transformation consulting firm focused on the communications industry. At the helm of the fast-expanding organization is Vineet Nayyar.
In a career spanning over 40 years, he has worked with the government, international multilateral agencies, and the corporate sector. Tech Mahindra's net profit rose 8.57 percent to Rs 196.4 crore (Rs 1.96 billion) on 6.09 percent growth in net sale to Rs 911.6 crore (Rs 9.11 billion) in Q3 December 2007 over Q2 September 2007.
7. Patni Computer Systems
Patni Computer Systems Ltd. is one of the leading global providers of information technology services and business solutions. The company has clients across the Americas, Europe, and Asia-Pacific locations.
The company has serviced more than 400 Fortune 1000 companies for over two decades. Patni Computer Systems Limited was incorporated on 10 February 1978 under the Companies Act, 1956. On 18 September 2003, the Company converted itself from a private limited company into a public limited company.
The company, founded by Narendra K Patni, has a staff strength of over 14,000 professionals. The revenues for the quarter ended March 2008 stood at $176.4 million (Rs. 7,061.2 million), up 13.1 percent YoY from $156.0 million (Rs. 6,724.1 million). The net income for the quarter at US$ 18.1 million (Rs. 724.6 million) down 35.0 percent YoY from $27.8 million (Rs. 1,200.3 million). Frost & Sullivan ranked Patni 1st among 'Top 5 Engineering Service Providers'.
8. i-flex Solutions
i-flex started as a division of Citicorp (now Citigroup), wholly owned subsidiary called Citicorp Overseas Software Ltd. (COSL) in 1991. Later, a separate company Citicorp Information Technologies Industries Ltd. (CITIL) was formed, and Rajesh Hukku was appointed as its head.
CITIL started off with the universal banking product, MicroBanker, which became very successful. In the mid-90s, CITIL developed Flexcube at its Bangalore development center. After the launch of Flexcube, all of CITIL's transactional banking products were brought under a common brand umbrella. CITIL changed its name to i-flex solutions to reflect its growing independence from Citicorp and to strengthen its Flexcube brand.
In 2006, i-flex became a majority-owned subsidiary of Oracle Corporation. i-flex posted a top-line growth of 8 percent QoQ with revenue for the quarter ended March 31, 2008, at Rs 672 crore (Rs 6.72 billion) as compared to Rs 601 crore (Rs 6.01 billion) for the corresponding quarter during the previous year, representing a 12 percent YoY growth. The net income for the quarter stood at Rs 185
From India, Mumbai
Acknowledge(0)Amend(0)
hi: thanks for this info. it is really heartening to know that the IT scene is not that bad as it is portrayed.it seems that the established IT companies will pull through.
From India, Pune
Acknowledge(0)Amend(0)
From India, Pune
Acknowledge(0)Amend(0)Join Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
Nasscom Report on Indian SW Product Industry.pdf
Managing Attrition in the Indian Information Technology Industry.doc