TCS, Infy, Wipro top Nasscom exporter list
The Financial Express — June 28, 2006

Trade body for the Indian IT industry, Nasscom, has ranked India's largest IT services company Tata Consultancy Services (TCS) as the premier IT software and service exporter in the country. Both Bangalore-based Infosys Technologies and Wipro Technologies follow in second and third position respectively. Satyam Computer Services, HCL Technologies, Patni Computer Systems, i-flex Solutions, Tech Mahindra, Perot Systems TSI (I), and L&T Infotech make up the rest of the top ten software and service exporters.

Nasscom president Kiran Karnik said that India's services exports grew by over 33% from $13.1 billion in FY05 to $17.3 billion in FY06. Simultaneously, the industry added over 120,000 people as the number employed rose from 741,000 people in FY05 to 8,78,000 people in FY06. Karnik said, "The industry has maintained its growth led by a strong demand and increased traction for traditional services like application development and maintenance (ADM) and new services like enterprise application integration (EAI), package implementation, engineering services, software testing and service oriented architecture and web services.

The industry has been able to maintain this growth, despite a larger base, through large client wins, cross-border mergers and acquisitions and the movement of the industry towards a stable-pricing model. We have a trend where companies are increasingly winning multi-year, multi-million dollar contracts with global firms." Karnik added that India has become a hub for multinational firms for software development, supply chain management and other services.

To illustrate the point, he said that leading MNC IT companies have operations in India, accounting for 16% of their delivery capabilities in offshore locations with India accounting for as much as 70% of their total offshore employee base.