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India-based 29 IT companies among world’s best 100

India-based 29 IT companies among world’s best 100
PTI
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First Published: Wed, Jan 30 2008. 09 35 AM IST
Updated: Wed, Jan 30 2008. 09 35 AM IST
Washington: Twenty-nine India-based companies have been listed among the best 100 IT service providers in a new survey carried out with a view to assist business heads of major outsourcers identify reliable, innovative and tech savvy partners.
The toppers from each of the 10 categories that were identified included four companies each from India and the US and one company each from China and Mexico, said the survey by CyberMedia and Global Services Magazine.
They included India’s Tata Consultancy Services, HCL Technologies, Genpact, WNS Global Services, America’s EDS, Sitel, EPAM Systems and Computer Sciences Corporation, Mexico’s Softtek and China’s Neusoft, a release by Global Services Magazine said.
“The presence of four companies each from China and Malaysia, and three each from Russia and Brazil serves as a gentle reminder that these countries are emerging as viable outsourcing destinations,” it said.
The year 2007 reported a total of 436 merger and acquisitions deals in the services industry. Nearly one-third of the Global Services survey respondents said that they merged with or acquired one or more providers. Of these, 11% confirmed acquisition of a consulting firm.
The Indian service providers who derive between two-third to three-fourth of their revenues from the US are back to the drawing board to consider non-US avenues. While many IT-services companies were looking towards Europe and Japan as potential markets, others have strengthened plans for servicing the maturing domestic Indian market, it said.
India has emerged as the hub for global delivery with 57% of the employees engaged in delivery centers located in India, followed by 18% in the US.
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First Published: Wed, Jan 30 2008. 09 35 AM IST