Indian firms at par with MNCs, in several areas

Indian firms at par with MNCs, in several areas
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First Published: Mon, Mar 05 2007. 02 44 PM IST
Updated: Mon, Mar 05 2007. 02 44 PM IST
PTI
SILICON VALLEY: Indian firms outperform some or all of the multinational companies in a number of areas of Application Development and Maintenance (ADM) services, according to a new research study.
Through the years, conventional wisdom has been that US clients will turn to India-based firms for low programming rates and to the multinationals, largely US-based, for higher performance.
However, a recent performance monitor study involving global customers and market analysts shows that Indian firms outperform some or all of the multinational firms in a number of areas of ADM services. As a group, the Indian companies at par with the seven multinational companies.
“These results clearly challenge the conventional belief that multi-national providers have a corner on ADM performance. The India-based firms have arrived,” said the research firm.
The research is based on inputs from 864 clients of 11leading ADM providers, seven of which are multinationals and four are India-based. The four Indian companies that were considered in the survey are Cognizant, Infosys, Wipro and TCS.
The seven leading multinationals are Accenture, Capgemini, EDS, Fujitsu Services, Hewlett Packard, IBM and Siemens Business Services. The various players were rated on a scale of 1 (low) to 10 (high) on various parameters.
For multiple integrated applications, Cognizant Technology Solutions scored the highest, while Wipro topped the list in engagements with annual run rates of $10 million (Rs444 crore) or more.
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First Published: Mon, Mar 05 2007. 02 44 PM IST
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