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Wipro takes top slot in Indian IT revenue ranks

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CIOL Bureau
New Update

NEW DELHI: India's Wipro Ltd. has edged past closely-held Tata Consultancy

Services (TCS) in the revenue-based ranking of the nation's information

technology (IT) companies, leading industry magazine Dataquest said.

Dataquest
, which tracks the 20 top companies in an annual survey, said in a

statement made available to Reuters on Wednesday that Wipro was only a whisker

above TCS.

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"It was a tight battle for the number one slot between Wipro and TCS,

with Wipro ahead by just 20 million rupees," said Dataquest, which

has no relation to its US-based namesake.

Wipro, a diversified firm which makes hardware and consumer goods including

electric bulbs, soap, childcare products besides software, posted revenues of Rs

20.36 billion ($446.3 million) in 1999-2000 (April-March) from its software

services.

TCS, although a huge company in size and revenue, functions as a division of

Tata Sons, the holding company for India's largest industrial conglomerate, the

Tata group.

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Dataquest said Wipro and TCS were followed by IBM in India, Tech Pacific and

the Indian unit of Hewlett Packard.

It said India's IT industry grew 38 per cent during the year with overall

turnover crossing Rs 330.52 billion. Its domestic turnover grew 29 per cent to

Rs 170 billion, while the export turnover grew 49 per cent to Rs 160.5 billion..

($1 = 45.62 rupees).

(C) Reuters Limited 2000.

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