R&D Services: Wipro, TCS, HCL rated leaders

BANGALORE, INDIA: Zinnov Management Consulting, a leading management consulting firm, has launched the most comprehensive global R&D service providers’ rating ever conducted in the industry, titled “Global R&D Service Providers Rating” across geographies like India, China and Eastern Europe.

The ranking reflects Wipro, TCS and HCL as market leaders in the overall rating based on components like financial strength and sheer capabilities like business models, innovation and expertise, people strength and operations.

The rating also categorically highlighted that the impact of recession on the R&D Service Providers community, has been felt across four key levers like contract re-negotiation, increase in sales cycle time, bankruptcy of clients and fears of business continuity risk, which did result in many of them having to reassess and redefine their strategies.

Vertical Insights: Global R&D Service Providers’ Rating

A result of this reassessment has seen the sect of core mid-market service providers like TATA Elxsi, Tech Mahindra, Aricent, Mintree, Symphony, Sonata, Global Logic, Polaris and Aditi, moving strongly towards the top-pack and establishing themselves as leaders in specific industry verticals.

Service providers have some inherent advantages that they bring on board to their clients, and these inherent advantages have only become more evident and apparent due to the setting in of the economic downturn. Important aspects like domain expertise due to the experience of working with multiple clients, scalable delivery model since most of them have long term engineering practices, mapped with metrics driven performance system and a strong economic sense of helping address challenges of high cost of staffing, infrastructure investments, cost of building domains etc, only add up to the uniqueness of service providers.

“To assist business leaders in spearheading global engineering initiatives in their organizations and in order to facilitate them in identifying right partners to enable them serve customer needs better, we at Zinnov, have released this first-of-its-kind Global R&D Service Providers’ rating, a comprehensive rating and analysis for the top R&D Service Providers in India, China and Eastern Europe”, said Pari Natarajan, chief executive officer, Zinnov Management Consulting Pvt. Ltd.

“The global economy has witnessed a major reset and is currently observing green shoots of recovery, with Germany, India and China among others showing signs of improvement. This tectonic shift in the economy has led to numerous changes in the current market dynamics, but one thing that can be safely assumed is the continued growth of inter-linkages between global businesses and stronger relationships between service providers and MNCs would only continue to grow in times to come”, Natarajan added.