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 strong with software and services revenue
seen growing by 21-24 per cent. The software and services exports are set to
hit the $50 billion-mark.
The software and services
exports segment grew by 29 per cent (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 per cent (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 realised 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 per cent compared to the
year-ago period.
Its annual sales worldwide
stands at $5.7 billion for the fiscal year ending March 2008. During the year
2007-08,
TCS' consolidated revenues
grew by 22 per cent 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
best employer in IT services in 2007. TCS also topped DataQuest DQTop 20 list
of IT service providers in 2007.
Wipro
What started off as a
hydrogenated cooking fat company, Wipro is today is a $5 billion revenue
generating IT, BPO and R&D services organisation with presence in over 50
countries.
Premji started Wipro with
the 'idea of building an organisation 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 per cent to Rs 19,957 crore (Rs 200 billion) for the year ended March 31,
2008. The net profit grew by 12 per cent to Rs. 3,283 crore (Rs. 32.83
billion). The revenues of the combined IT businesses was $4.3 billion with 43
per cent 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.
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'.
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 per cent 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 per cent 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.
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 start ups'.
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
which 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).
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', in order 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 organisation 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 per
cent to Rs 196.4 crore (Rs 1.96 billion) on 6.09 per cent growth in net sale to
Rs 911.6 crore (Rs 9.11 billion) in Q3 December 2007 over Q2 September 2007.
Patni Computer Systems
Patni Computer Systems Ltd
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 headed founded
by Narendra K Patni by 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% 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 per
cent YoY from $ 27.8 million (Rs. 1,200.3 million).Frost & Sullivan ranked
Patni 1st among 'Top 5 Engineering Service Providers'.
i-flex Solutions
iflex 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 centre. 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 per cent 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 per cent YoY growth.
The net income for quarter
stood at Rs 185 crore (Rs 1.85 billion) representing 73 per cent growth QoQ.
The revenue for the full year ended March 31, 2008 stood at Rs 2,380 crore (Rs
23.80 billion), up 15 per cent as compared to the previous year.
MphasiS
MphasiS Limited was formed
in June 2000 after the merger of the US-based IT consulting company MphasiS
Corporation (founded in 1998) and the Indian IT services company BFL Software
Limited (founded in 1993).
Jeya Kumar is CEO of
MphasiS, which has a staff strength of 27,000 people. For the year ended 31
March 2008, the MphasiS Group recorded revenues of Rs 2,423 crore (Rs 24.23
billion), a growth of Rs 662 crore, which is 38 per cent over the previous
year.
The net profit increased
by 42 per cent from Rs 180 crore (Rs 1.8 billion) to Rs 255 crore (Rs 2.55
billion) during the year ended 31 March 2008. MphasiS was named among amongst
the Top 100 Companies in Global Outsourcing.
L&T Infotech
L&T Infotech is a
global IT services and solutions provider. It is a subsidiary company of is
Larsen & Toubro Ltd. (L&T), an engineering, manufacturing and
construction conglomerate, with global operations.
A M Naik is the chairman
of the company. Originally founded as L&T Information Technology Ltd
(LTITL), a wholly-owned subsidiary of Larsen & Toubro Ltd (L&T), the
company changed its name to L&T Infotech on 1st April, 1997. In 2004, it tied
up with Fidelity Information Services, a division of Fidelity National
Financial to provide banking solutions for the Indian banking industry. In
2007-08, L&T had recorded revenues of Rs 29,600 crore (Rs 296 billion).
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