Today the software industry has become the backbone of companies around the world. With technology advancing in leaps and bounds, there is no stopping IT professionals from around the world to bridge the gap between huge untapped markets and its customers, as well as creating an opportunity for innovation.
1. Tata Consultancy Services
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. 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 is today is a $5 billion revenue generating IT, BPO and R&D services organisation with presence in over 50 countries. The company has over 72,000 employees. 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 Technologies Ltd
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. 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. 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
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. 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 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 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. 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 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.
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).