Indian Talent, Global Content
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Indian Talent, Global Content |
Top Ten Software Companies in India
3.5. Top 10 Software Companies in India
Source NASSCOM
The ranking given by NASSCOM (The National Association for Software and Services) in June 2006, formed the basis for this report. This survey included companies incorporated in India and they were ranked on their export revenue (excluding that from BPO –ITES). According to NASSCOM, India’s exports through software totaled US$ 17.3 billion in 2005-06, a 33% increase over the previous year. It is to be noted that companies headquartered outside India were not covered in this study. This is what the report says: “Had they been ranked based on their India revenues, companies such as Cognizant, Accenture, IBM and HP would have been placed amongst the Top 10 of this list and companies such as Kanbay, Syntel and Intelligroup would have been amongst the Top 20”. The list as published by NASSCOM was as follows. We have elaborated upon the first 10 from this list.
1. Tata Consultancy Services: Part of the TATA Group, which is well respected for high ethics and good performance, the Mumbai-based TCS is one of the oldest and a leading software company in India. This software giant with a turnover of over US$ 1.50 billion has been in operation since 1968 and has its facilities in 34 countries. Interestingly, TCS started operations by providing software support for a US Insurance firm, Sun Life; way before the word ‘outsourcing’ was coined! TCS offers IT services across sectors – Financial services, to Insurance, to Manufacturing, to Healthcare and life sciences. The performance of its Engineering and Industrial Services division helped it win the Frost & Sullivan Company of the Year award in 2006. 2. Infosys Technologies: Incorporated in 1981, Infosys needs little introduction. 3. Wipro: Based in Bangalore, Wipro is a top IT company of India. Its core area of business covers infrastructure solutions, consumer care and other professional and business solutions. Known as one of the largest independent R&D Services provider in the world, turnover from this area of operations alone was over US$ 1 billion in 2005-06. The company has developed the concept of ‘Centers of Excellence’ and has over 40 such 4. Satyam Computers: Headquartered in Hyderabad, Satyam was established in 1987 and is a success story. Ranked 4th among the Indian software exporters in this NASSCOM survey, Satyam is listed on the New York stock exchange and has its presence across 12 countries and employs over 30,000. Banking and Finanical services, Insurance and Telecom are some of the industries where it has domain expertise. The turnover for year ended March 2006 over US$ 1 billion(http://www.satyam.com/aboutsatyam/a_aboutus.html) 5. HCL Technologies: HCL Technologies, based in Delhi, offers IT services in the areas of Banking, Insurance, Life Sciences, Retail etc. The company, along with its subsidiaries, registered a sales of US$ 976 million in the year ended June 2006 and it employees over 32,000 professionals. HCL Technologies & HCL Infosystems function under the umbrella of the HCL Enterprises, which clocked over US$ 3 billion in sales in the year 2005-06. (http://www.hcltech.com/AboutUs/index.asp) 6. Patni Computers: Headquartered in Mumbai, Patni has a global presence. Listed on the New York Stock Exchange, Patni and has 23 sales offices and employs over 12,000 professionals. It provides IT services across many sectors, like Insurance, Finance Service, manufacturing and product engineering. Supply Chain Management is one of its areas of expertise. For the year ended December 2005 the company clocked a revenue 7. I Flex solutions: Headquartered in Mumbai, I-Flex solutions is a leading Indian Banking Software provider. Oracle bought 41% of its equity in 2005 and its entry is expected to make the presence of I-Flex stronger in the banking industry. It employs over 7000 people and this number is expected to more than double in the coming year. I-Flex is considered a leader in providing solution to the financial services industry and its revenue in 2004–05 was over US$ 262 million. (http://www.iflexsolutions.com/iflex/home/default.aspx, http://www.oracle.com/iflex/index.html) 8. Tech Mahindra: Headquartered in Pune, India, Tech Mahindra was earlier known as Mahindra British Telecom. Incorporated in 1988, it is a joint venture between Mahindra & Mahindra and the British Telecommunication. Service to the telecom industry is its core area of strength. Presently it has development centers across 6 cities in India. 9. Perot Systems: The Company, which started operation in NOIDA in 1997, has signed up as an Advanced Business Partner for IBM and with BEA as their Technology alliance partner. Other than NOIDA, it has a large development center in Bangalore, in Surrey, UK, in Singapore and in Dallas, US. (http://www.perotsystemstsi.com/index.htm) 10. L & T Infotech: Like TCS, this company too has the backing of an existing, successful and respected company in India, Larsen and Toubro, an Engineering and Construction major. The focus areas of L & T Infotech are Application Maintenance as well as Application Development, ERP-II implementations and Integration of systems within and across enterprises. This too will be a company to watch out for and has facilities in Mumbai, Chennai and Bangalore and the number of employees is expected to touch 9,000 by end 2006. It hopes to double its revenue to around US$ 350 – 400 million by 2008.(http://www.lntinfotech.com/lntinfotech/aspfiles/AboutUs/I1117CorporateProfile.asp) For last year’s list of best 10, visit: http://www.chillibreeze.com/articles/TheTopTenSoftwareCompaniesinIndia.asp Article published in December 2006. Read more such India-focussed reports. See a list of our related products. Looking for more India-centric information? You can commission us to write more such reports. Contact us today to get a free quote for your report.
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