Indian IT-BPO industry grows 28 p.c.: Nasscom

Indian IT-BPO industry grows 28 p.c.: Nasscom

The overall software and services revenues will grow by 21-24 per cent to touch $50 billion in FY08-09

Wednesday, July 09, 2008

NEW DELHI, INDIA: The Indian IT-BPO industry (including domestic market) recorded an overall growth of 28 per cent (currency adjusted), clocking revenues of $52 billion in FY07-08, up from $39.6 billion in FY06-07.

According to an annual Nasscom survey on the performance of the Indian software and services sector (excluding hardware), the domestic segment grew by 26 per cent (in INR) to register revenues of $11.6 billion in FY07-08.

Within the export segment, IT services exports have grown by 28 per cent (in USD) to clock revenues of $23.1 billion; while BPO exports are up by 30 per cent (in USD) registering revenues of $10.9 billion.

Engineering services and products exports clocked revenues of $6.4 billion, growing at 29 per cent (in USD) in FY 07 -08.

The survey projected that the overall software and services revenues will grow by 21-24 per cent (currency adjusted) to touch $50 billion in FY08-09.

Som Mittal, president, Nasscom, said: “The Indian IT-BPO industry’s resilience is reflected in its FY07-08 performance, with a 28.2% overall growth rate and next year’s projected growth between 21-24 percent. Given that we are well on our way to achieve the target of USD 60 billion in exports by FY09-10, the industry is now focusing on improving productivity, efficiency, as well as opening up new markets and services”.

He further added: “The next decade offers opportunities and challenges which will require new business models and the industry dynamics will also see significant changes leading to a many new industry drivers and enablers, and we will need to prepare ourselves for these. NASSCOM is developing a long term vision for 2020, to chart out the roadmap for all stakeholders and help them tap into this opportunity.”

Top 20 IT Software and Service Exporters FY07-08

1 Tata Consultancy Services Ltd.
2 Infosys Technologies Ltd.
3 Wipro Technologies Ltd.
4 Satyam Computer Services Ltd.
5 HCL Technologies Ltd.
6 Tech Mahindra Ltd.
7 Patni Computer Systems Ltd.
8 I-flex Solutions Ltd.
9 Mphasis an EDS company
10 Larsen & Toubro Infotech Ltd.
11 CSC in India
12 Aricent
13 Syntel Inc.
14 Prithvi Information Solutions Ltd.
15 Hexaware Technologies Ltd.
16 Polaris Software Lab Ltd.
17 NIIT Technologies Ltd.
18 Sonata Software Ltd.
19 Mastek Ltd.
20 Genpact India Pvt. Ltd.

Top 15 BPO rankings for FY07-08

1 Genpact India Pvt. Ltd.
2 WNS Global Services Ltd.
3 IBM-Daksh Business Process Services Pvt. Ltd.
4 Transworks Information Services (AB Minacs)
5 Tata Consultancy Services BPO
6 Wipro BPO
7 Firstsource Solutions Ltd.
8 Infosys BPO
9 HCL BPO
10 EXL Service Holdings, Inc.
11 Citigroup Global Services Ltd.
12 HTMT Global Solutions Ltd.
13 Aegis BPO Services Ltd.
14 Intelenet Global Services
15 Mphasis an EDS Company

Top 20 IT-BPO Employers in India - FY07-08

1 Tata Consultancy Services Ltd.
2 Infosys Technologies Ltd.
3 Wipro Technologies Ltd.
4 Satyam Computers Ltd.
5 HCL Technologies Ltd.
6 Cognizant Technology Solutions India Pvt. Ltd.
7 Mphasis an EDS Company
8 Genpact India Pvt. Ltd.
9 Intelenet Global Services
10 Tech Mahindra
11 WNS Global Services Ltd.
12 Aegis BPO Services Ltd.
13 CSC in India
14 Patni Computer Systems Ltd.
15 Firstsource Solutions Ltd.
16 Citigroup Global Services Ltd.
17 EXL Services Holdings, Inc
18 Syntel Inc.
19 Larsen & Toubro Infotech Ltd.
20 HTMT Global Solutions Ltd.

©CyberMedia News