NEW DELHI: Tata Consultancy Services (TCS) has retained the top position among IT software and services exporters followed by Infosys Technologies and Wipro for 2005-06, according to a study conducted by the National Association of Software and Service Companies (Nasscom). Other companies in the top 20 list are: Satyam Computer Services, HCL Technologies, Patni Computer Systems, i-flex solutions, Tech Mahindra (formerly Mahindra-British Telecom), Perot Systems TSI (I), L&T Infotech, Polaris Software Lab, Hexaware Technologies, Mastek, Mphasis BFL, Siemens Information Systems, Genpact, i-GATE Global Solutions, Flextronics Software Systems, NIIT Technologies and Covansys India.
Since few companies are privately held, in order to maintain uniformity, revenues for top 20 companies are not being shared, clarified Nasscom. The list does not include companies such as Cognizant, Accenture, IBM and HP, which are listed in the U.S. but have significant offshore operations in India. These companies would have figured among the top 10 were they to be ranked. In addition, companies such as Kanbay, Syntel and Intelligroup, all with an India-centric global delivery model but unable to provide India specific revenue details, have also been excluded from the survey.
The reasons for the 33 per cent growth in exports despite a larger base during 2005-06 were large client wins, cross-border mergers and acquisitions, and the movement of the industry towards a stable pricing model. "We have a trend where companies are increasingly winning multi-year, multi-million dollar contracts with global firms."
It is also interesting to note that India has become a hub for global MNC firms for software development, supply-chain management and other services. These players are beefing up their presence in the Indian market by investing over a billion dollars.