India's top-notch IT companies...

BANGALORE, INDIA: Tata Consultancy Services Limited (TCS) founded in 1968, is one of the major providers of information technology services not only in India but across the world. With the launch of Inter-Branch Reconciliation System (IBRS) for the Central Bank of India, TCS became the first company to launch the country's first software project.

The project that made TCS grow tremendously over the years was the Y2K conversion model. Y2K problem proved to be a catalyst for the growth of the company. TCS developed software tools which automated the Y2K conversion process and enabled third-party developers and clients to make use of it. Another creative work by TCS is the creation of its own banking product called Quartz which is marketed today as TCS BaNCS since TCS acquired Australian Financial Software firm FNS to integrate FNS's core banking product with various in-house financial services industry products. Today TCS BaNCS Suite has more than 200 banking customers across the world. In mid-2011, the company entered the small and medium enterprises market with cloud-based offerings called iON which is also amongst one of the innovations of TCS.

Wipro, formally Western India Products Limited, was established in 1980. It is the third largest IT services companies in India. In 1966, Azim Premji took over the mantle of leadership of Wipro at the age of 21, and with the passage of time he transformed it into one of the largest IT outsourcing services providers of the world.

Wipro's success story got started by the launch of the first indigenous homemade PC from India in 1985. Wipro then continued its innovations in the PC development and also became the first company to indigenously design and develop a mini computer on the Intel 80386 microprocessor. Wipro was the sole representative for Sun Microsystems in India, before the Sun liaison office was set up in India, in the early 1990s.

Wipro followed its strategy of acquiring small and mid-sized companies operating in niche segments. The acquisitions majorly helped in expanding its Global reach and strengthening its domain expertise worldwide which helped Wipro Technologies emerged as the largest publicly listed software exporter in India and the first software service company in the world to be assessed at SEI CMM level 5 the first outside the USA to receive the IEEE Software Process Award.

Infosys was established in 1981 by N R Narayan Murthy and six other engineers in Pune with an initial capital of only Rs 10,000. Their first client in India was MICO in Bangalore in 1983 and on foreign soil it was Data Basics Corporation in New York. Infosys kept on concentrating on the global market rather than only on Indian companies. The success of Infosys came through exports, after achieving ISO 9001 certification in 1993.

In the journey of 30 years, Infosys has catalyzed some of the major changes that have led to India's emergence as the global destination for software services talent by completing more than 20,000 projects with a 99% error-free record. Infosys pioneered the Global Delivery Model and became the first IT Company from India to be listed on NASDAQ with revenues touching US $100 million. In 1993, Infosys came up with Core Banking System called BANCS 2000 for an Indian retail bank and kept on innovating the solution. This in 1997 resulted Infosys assessed at CMM Level 4 and soon after two years Infosys became the 21st company in the world to achieve a CMM Level 5 certification.

Later in mid-2000, they re-launched it as Finacle universal banking solution which was chosen in over 106 banks across 60 countries which is one of the major milestones of Infosys. Today they have innovated solutions like e-banking, mobile banking, Finacle Alerts and lot more.

Click here to continue reading!