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 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.
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.
2. 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.
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 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.
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 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).
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', 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.
7. 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'.
8. 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.
9. MphasiS
MphasiS Limited was formed in June 2000 after the merger of the
US-based IT consulting company MphasiS Corporation (founded in 199
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.
10. 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).
