/ciol/media/agency_attachments/c0E28gS06GM3VmrXNw5G.png)
Follow UsBANGALORE: NASSCOM, the apex industry association of IT Software and Service companies in India, today announced the rankings of Top 20 IT Software and Service exporters in India (excluding ITES-BPO revenues). According to the survey, Tata Consultancy Services has emerged as the frontrunner clocking revenues of Rs. 4545 crores followed by Infosys Technologies at Rs. 3543 crores and Wipro Technologies with Rs. 2787 crores respectively.
The combined revenue of the top 20 software and service exporters in the area of IT Services, Products & Technology services is Rs. 20,746 crores (US$ 4.3 billion) in 2002-03 and have witnessed a year-on-year growth of 18% compared to the total combined revenue of Rs. 17,607 crores in 2001-02. The software and services exports industry (excluding the ITES-BPO sector), recorded revenues of Rs. 34,800 crores (US$ 7.2 billion) in 2002-03, registering a growth of 18.4% over the revenue of Rs 29,400 crores (US$ 6.2 billion) in 2001-02.
Speaking on the survey, Mr. Som Mittal, Chairman, NASSCOM, said, "While the top 20 have continued to grow at a healthy rate, Small and Medium enterprises have also registered 19% growth in a tough market environment and we are hopeful that in the years ahead many more SMEs would account for a significant proportion of the Indian software and service exports. "
Mr. Kiran Karnik, President, NASSCOM, said, "The top 20 software and service exporters continue to contribute over 60% and the top 5 contribute over 41% of the total IT Services, Products & Technology exports from India in 2002-03 as was witnessed in 2001-02. This shows that the Indian IT software and service companies are truly turning global. We believe that the growth momentum in the industry will aid more Indian IT companies to move to the Rs. 1000 crore mark in FY 2003-04."
TOP 20 IT SOFTWARE & SERVICE EXPORTERS FROM INDIA (2002-03)*
Ranking | Company | Revenues (Rs. Crore) | Revenues (US$ Million) |
1 | Tata Consultancy Services | 4545.3 | 963.0 |
2 | Infosys Technologies Ltd | 3543.5 | 750.7 |
3 | Wipro Technologies | 2787.4 | 590.5 |
4 | Satyam Computer Services Ltd | 2003.3 | 424.4 |
5 | HCL Technologies Ltd | 1530.5 | 324.3 |
6 | Patni Computer Systems Ltd | 914.0 | 193.6 |
7 | Mahindra British Telecom Ltd | 634.7 | 134.5 |
8 | iFlex Solutions | 593.3 | 125.7 |
9 | HCL Perot Systems Ltd | 449.0 | 95.1 |
10 | NIIT Ltd | 426.3 | 90.3 |
11 | Mascot Systems Ltd | 421.0 | 89.2 |
12 | Digital Globalsoft Ltd | 415.3 | 88.0 |
13 | Mastek Ltd | 374.4 | 79.3 |
14 | Polaris Software | 367.2 | 77.8 |
15 | Birlasoft Ltd | 346.4 | 73.4 |
16 | Mphasis BFL Ltd | 335.6 | 71.1 |
17 | Pentasoft Technologies Ltd | 296.5 | 62.8 |
18 | Hexaware Technologies Ltd | 257.9 | 54.6 |
19 |
| 256.0 | 54.2 |
20 |
| 249.1 | 52.8 |
Source: NASSCOM
Note: Companies such as Cognizant technology Solutions, Syntel, among others that are registered in the US but offer India-based services delivery have not been included in the ranking.
The global revenue for Cognizant technology solutions and Syntel for the year 2002-03, registered with NASSCOM are Rs 1236.53 crore and Rs 799.10 crore respectively.
Despite challenges such as the continued technology slowdown in the global market and appreciation of the rupee, Indian IT companies have witnessed growth in their revenues. This has been possible due to the Indian companies being able to draw more strategic business as well as bag larger contracts from their customers.
Indian IT companies, apart from consolidating their presence in traditional verticals such as BFSI, also diversified into new verticals such as Retail, Utilities and Healthcare. Some leading players also moved into new services lines in the IT services arena such as Packaged Software implementation and Systems Integration. Most leading Indian IT companies also ventured actively into the ITES-BPO segment in order to add and stabilize their revenue stream.