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.
The companies that dominate the software industry are those which look out for these opportunities and provide instant solutions. The Indian software industry has arrived, and the companies that are dominating this industry, based on their turnovers, are:
(in Rs mill)
|3||INFOSYS TECHNOLOGIES LIMITED||71,297|
|4||SATYAM COMPUTER SERVICES LIMITED||35,209|
|5||I-FLEX SOLUTIONS LIMITED||11,386|
|6||TATA INFOTECH LIMITED||9,743|
|8||MPHASIS BFL LIMITED||7,657|
These companies have one thing in common; they offer a variety of services. These services range from consultancy services to Business Process Outsourcing (BPO) units to customized solutions in the IT domain.
With TCS Ltd featuring in lots of major deals during the year 2005, it will probably continue with its favored status and dominance over the software industry in India. Though when it comes to the most respected company of India, among the pool of all industries, it is no real surprise that Infosys Technologies Limited is number one, with its reputed work ethic and social responsibility factor.
TCS is the largest software services company in Asia, ahead of other Indian software service providers like Infosys and Wipro. Earlier, it became the first Indian software company to cross the coveted US$ 1 billion revenue mark. The company has a wide range of offerings and caters to industries like banking, insurance and financial services (41% of revenues), manufacturing (17%), telecom, (15%) and retail (7%). TCS was one of the pioneers of the much-acclaimed global delivery model and the same has helped it to post good results in the past and will help with future achievements as well.
The software industry has become a part of everyday life, be it providing solutions for business or entertainment. Ample opportunity does not ensure that the companies listed in the top ten will remain there as tough competition from the ever-increasing number of software companies can completely alter the list. There are organizations like Visualsoft Techonologies Limited, Tata Elxis Limited and Geometric Software Solutions Co. Ltd waiting in the wings. The key to survival in this industry is providing solutions a click away and creating and inventing products before someone else does.