Technology Sector in India is taking a newer look towards the domestic market
India’s IT sector is today worth $180 billion, of which domestic business is $45 billion, roughly equally divided between services, software products and hardware. The biggest margins are in services such as software implementation, enhancements involving artificial intelligence (AI) and machine learning (ML), and so on. According to Gartner, the domestic tech services business grew 9.8% in 2019 over 2018. The growth rate is faster compared with global services.
The Top IT companies in India are contributing to the growth of technology not only in India but also globally. Over the last few decades, top IT sector companies in India have become the global leaders in information technology sector. The IT industry has also been a large contributor to India’s GDP and was born in Mumbai with the Tata Group. Today India is the largest exporter of IT services and the top five Indian IT companies are Tata Consultancy Services, Infosys, Wipro, Tech Mahindra and HCL Technologies.
The Indian IT sector employs more than 40 lakh people and is a $150+ billion industry. These top indian IT companies provide solutions to various industries across the globe like manufacturing, retail, government agencies, banking etc.
Compared with North American clients who spend big, make decisions quickly and are focused more on quality than price, it needs a different kind of orientation to sell in India. Things are beginning to change however. With India becoming a sizeable economy with the stated ambition of becoming a $5 trillion economy in half a decade, combined with the fact that nearly every company needs digital services irrespective of its sector or size, Indian IT is taking a relook at its approach towards the domestic market. Another big source of demand is multinational companies that do business in India. As a consequence, the share of Indian revenues for India’s IT behemoths is set to rise, too.
It is true that Innovation requires a level of risk-taking and failure that’s impossible without executive air cover. The best growth companies also create a culture of innovation. VARINDIA in this issue features the top 25 companies in the Indian ICT industry that is bringing a big revolution to the tech world -
Chairman & MD: Rekha M Menon
Address: Accenture Innovation Hub, Primal Projects Pvt. Ltd. SEZ, Bellandur Village, Varthur Hobli, Bengaluru East Taluka Bengaluru, India, 560103
Turnover (Global): $39.6 billion (2017 – 18)
Accenture is a multinational professional services company that has approximately 482,000 people serving clients in more than 120 countries. Its areas of excellence include Strategy, Consulting, Digital, Technology, Operations, Services and Solutions. It collaborates with clients to help them become high-performance businesses and governments and works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders.It has a total of 6,800 patents and patent pending applications in 44 countries.
The company as part of its commitment towards the India market, has launched a first of-its-kind innovation hub in Bengaluru, reflecting the confidence of a company that has become the most successful in the IT services business today. Bangalore International Airport Limited has also signed an agreement with Accenture to set up a co-innovation center that will help the former create an airport of the future at the Kempegowda International Airport, Bengaluru (BLR Airport).
Chairman & MD: Shantanu Narayen
Address: Town Centre, Sector 25A, Noida, Uttar Pradesh- 201301
Turnover (Global): $9.03 billion (2017 – 18)
Founded on January 1, 1982 in California, United States, Adobe is a software company that provides its users with digital marketing and media solutions. As of 2019, Adobe has more than 21,000 employees worldwide, about 40% of whom work in San Jose. It is trying to change the world through digital experiences. It is best known for Photoshop, an image editing software, Acrobat Reader, the Portable Document Format (PDF) and Adobe Creative Suite, as well as its successor Adobe Creative Cloud. It has made many acquisitions over the years that helped in building its business further.
For the company, India is an important innovation hub for Adobe and over time a lot of the company’s products have been developed in its Indian R&D centres located in Noida and Bengaluru. It has two big focus when it comes to India government and education. Digital marketing is also a high growth business for Adobe.
Chairman & MD (India): Ashish Chowdhary
Address: UB City, 19th Floor, Concorde Tower C, Vittal Mallya Rd, Bengaluru, 560001
Turnover (Global): $59,531 million (2017-18)
Headquartered in California, Apple is a multinational corporation that designs, manufactures, and markets mobile communication and media devices, personal computers, portable digital music players, and sells a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications.Apple’s strategy has always been termed as a one-size-fits-all approach, but the company’s localized branding approach for the countries and markets it operates in, makes it a successful brand worldwide.Apple today is not only one of the strongest brands globally but is also the greatest marketers of all time. In August of 2018, the Cupertino, California based company made history when it became the first US Company worth $1 trillion.
India is an important market for the company. Apple had a 1.2% market share in India at the end of 2018, with sales pegged at 1.7 million units. The company is making extra efforts to strengthen its presence in the India market by planning to launch its first retail store in the country.
CEO (India): Gopal Vittal
Address: Unitech World Cyber Park Sec-39 Tower A 4th Floor Gurgaon – 122001, Haryana, India
Turnover (Global): $12 billion (2019)
Generally known as Airtel, Bharti Airtel is an Indian Telecommunications Services company headquartered in New Delhi, India. It operates in 20 countries across South Asia, Africa, and the Channel Islands. It is the third largest mobile network operator in India and the ninth largest mobile network operator in the world with over 293.79 million subscribers.
Airtel has a GSM network in all countries in which it operates, providing 2G, 3G and 4G services depending upon the country of operation.The company has a submarine cable landing station at Chennai, which connects the submarine cable connecting Chennai and Singapore. Airtel has always adopted various cutting edge strategies to be one step ahead of competition, from acquiring regional operators in its early years, rebranding entire operations under one umbrella to outsourcing activities to various corporations. Airtel India at present is the second largest provider after Vodafone Idea Ltd of mobile telephony and second largest provider of fixed telephony in India.
Chairman: Srinivas RAO Kandula
Address: Plant no.6, Godrej & Boyce Compound, Gate No.2, LBS Marg, Pirojshanagar, Vikhroli – West, Mumbai – 79
Turnover (India): Rs. 14, 789 million (2017-18)
A provider of consulting, technology, and digital transformation services, Capgemini addresses clients’ opportunities in the world of cloud, digital, and platforms, as well as enables organizations to realize business ambitions through an array of services from strategy to operations. The Capgemini Group's core offer is supported by two specialized sub-brands – Capgemini Invent and Sogeti that enable a full suite of end-to-end solutions for its clients.With its headquarters in Paris, Capgemini has operations in North America, France, the United Kingdom, Ireland, rest of Europe, the Asia-Pacific, and Latin America.
India is central to Capgemini’s operations, accounting for 1.06 lakh of its 2.08 lakh employees globally. Capgemini’s revenue growth has picked up this year in the country, with its digital and cloud portfolio now representing 42% of its revenue and growing at over 20%. It counts GE, McDonald’s and Volvo among its key customers.
President (India): Sameer Garde
Address: Udyog Vihar Phase-IV Plot No 15 RMZ Infinity, Gurugram, Haryana - 122015
Turnover (Global): $49, 330 million (2018)
Cisco Systems, Inc. is an American multinational technology conglomerate, headquartered in San Jose, California. Cisco Systems' products and services focus upon three market segments enterprise and service provider, small business and the home. As of 2017 Cisco Systems shares are mainly held by institutional investors (Vanguard group, BlackRock, State Street Corporation and others).Through its numerous acquired subsidiaries, such as OpenDNS, WebEx, Jabber and Jasper, Cisco specializes into specific tech markets, such as Internet of Things (IoT), domain security and energy management. The company also offers Networking Hardware (Routers & Switches, IP cameras, VoIP, Indoor Wi-Fi Access points), Enterprise Network Security, Telecommunications Equipment, Collaboration (Unified Computing, call center systems, IP video & phones, TelePresence).
India business continues to accelerate and the company is hopeful of contributing 10% of the global revenue for Cisco. It is engaged in a number of government projects in the country, where it has a workforce of over 10,000 people.
Area VP (Sales & Services - India): Ravindra Kelkar
Address: Prestige Dynasty, Phase - 2 Ground Floor, #33/2, Ulsoor Rd, Bengaluru, Karnataka - 560042
Turnover (Global): $2.54 billion (2018)
Aiming to power the world, Citrix enables people, organizations and things which are securely connected and accessible to make the extraordinary possible. Founded in Texas, its technology makes the apps and data secure and easy to access, empowering people to work anywhere and at any time. Citrix provides a complete and integrated portfolio of Workspace-as-a-Service, application delivery, virtualization, mobility, network delivery and file sharing solutions that enable IT to ensure critical systems are securely available to users via the cloud or on-premise and across any device or platform.It has become aprovider of remote desktop products, afteracquiring Sequoia Software.
With respect to the India market, Citrix has successfully grown its enterprise business, extending its reach to segments including banking, financial services and insurance (BFSI), manufacturing and government. It had expanded its presence across the channel ecosystem in India, through the appointment of its third distributor in the region, Savex Technologies.
President & MD (India): ALOK OHRIE
Address: Ground Floor, 12/1, 12/2A, 13/ Divyasree Greens Bangalore, 560071 India Ground Floor, 12/1, 12/2A, 13/ Divyasree Greens Bangalore, 560071, India
Turnover (Global): $90.6 billion (2018-19)
Dell Technologies is one of the largest technological corporations in the world, headquartered in Texas and employing more than 145,000 people in the US & around the world.Dell operates under 3 divisions - Dell Client Solutions Group (that produces desktop PCs, notebooks, tablets, and peripherals, such as monitors, printers, & projectors under the Dell brand name); Dell EMC Infrastructure Solutions Group (that sells storage solutions) and VMware (focused on virtualization and cloud infrastructure). In addition, Dell also owns 4 separate businesses - RSA Security, Pivotal Software, SecureWorks, Virtustream, and Boomi, Inc.
In 2016,after Dell completed the acquisition of EMC,Dell came to be globally known as “Dell Technologies”,except for the bit of Dell that sells PCs, which was called “Dell”, and the bit that sells to the enterprise, which was called “Dell EMC”.On December 28, 2018, Dell Technologies became a public company.
Chairman: Shiv nadar
Address: Corporate Towers, HCL Technology Hub, Plot No 3A,Sector 126,Noida - 201303. UP
Turnover (Global): US$ 8.63 billion (2018-19)
HCL is a global technology company that helps enterprises reimagine their businesses for the digital age. Since its inception into the global landscape after its IPO in 1999, HCL has continued to focus on 'transformational outsourcing', underlined by innovation and value creation, and offers integrated portfolio of services. HCL leverages its extensive global offshore infrastructure and network of offices in 26 countries to provide holistic, multi-service delivery in key industry verticals.
HCL Technologies in a recent development has become the third-largest IT services firm in India in 2018-19, with its revenuesrising 10 per cent over the previous financial year. It is accelerating its evolution into a next-generation technology services firm through its Mode 1-2-3 strategy that helps future proof its customers' business – the Mode 1 is Core Services, the Mode 2 is Next Generation Services and the Mode 3 is Products & Platforms.
Managing Director (India): Sumeer Chandra
Address: GF, Global e Business Ops Pvt Ltd, No. 66/2, Ward No. 83, Bagmane Tech-Park, 7th Floor - A Wing "Embassy Prime" CV Raman Nagar - 560093, Bangalore
Turnover (Global): $58.5 billion (2018)
HP Inc. serves a wide portfolio of products ranging from printers, PCs, mobile devices, solutions, and services. In an ever-changing, connected world, The California headquartered company believes in reinventing itself and its technologies.In November 2015, Hewlett-Packard was renamed HP Inc., after the company’s enterprise business was spun offand renamed Hewlett Packard Enterprise. It was announces in August 2019 that Dion Weisler would be stepping down as the President and CEO and would be succeeded by Enrique Lores.
Talking of the India market, HP is betting big on premium laptops to drive sales as the company sees a surge in demand for these devices. This comes in the wake of the launch of its premium Spectre range comprising of HP Spectre Folio and HP Spectre x360, with support for advanced Long Term Evolution (LTE) connectivityin the country. It has also signed a pact with Andhra Pradesh Innovation Society and Andhra Pradesh Economic Development Board to accelerate adoption of 3D printing.
HPE (Hewlett Packard Enterprise)
Managing Director (India): Som Satsangi
Address: 5F Global e Business Ops Pvt Ltd, No. 66/2, Ward No. 83, Bagmane Tech-Park, "Embassy Prime" CV Raman Nagar, Bangalore, Karnataka - 560093
Turnover (Global): $30.9 billion (2018)
Hewlett Packard Enterprise (commonly referred to as HPE) was founded on 1 November 2015 as part of splitting of the Hewlett-Packard company. It is an industry leading Technology Company that helpscustomers to use technology by turning ideas into value. With the industry's most comprehensive portfolio, spanning the cloud to the data center to workplace applications, their technology and services help customers around the world make IT more efficient, more productive and more secure. HPE has been in the innovation business for more than 75 years.In early March of 2019, Hewlett Packard Enterprise moved its headquarters from Palo Alto to San Jose, eighty years after Bill Hewlett and Dave Packard first set up the company in a little garage in Palo Alto.
The company plans to invest $500 million in India over the next five years to grow its operations and begin manufacturing in the country.HPE also announced that it would start manufacturing Aruba’s portfolio of mobility and IoT solutions in India before year-end.
Managing Director (India): Karan Bajwa
Address: Subramanya Arcade, No. 12, Bannerghatta Main Rd, OLd Gurappanapalya, BTM Layout, Bengaluru, Karnataka - 560029
Turnover (Global): $79, 591 million (2018)
International Business Machines Corporation (IBM) is an American multinational information technology company that provides integrated solutions and leverages Information Technology and knowledge of business processes.IBM offers a wide range of technology and consulting services - a broad portfolio of middleware for collaboration, predictive analytics, software development and systems management and the world's most advanced servers and supercomputers.
IBM has carved out a valuable brand identity which is a result of over 100 years of operations and marketing campaigns. The company has recently acquired Red Hat and to help fund its $34bn acquisition, it has sold $20bn in bonds. It invests more than $6 billion a year in R&D.IBM has been in India for over 25 years and remains committed to being an essential part of its growth.Known as Big Bluein part due to its blue logo and colour scheme, IBM has been the multinational with the largest number of employees in India since 2006.
CEO & Managing Director: Salil Parekh
Address: 44 & 97/A, Infosys Avenue, Electronic City, Bangalore - 560100
Turnover (Global): Rs 82,675 crores (2018-19)
Infosys Limited (formerly Infosys Technologies Limited) is a global leader in next-generation digital services that provides business consulting, information technology and outsourcing services.With 187,000+ employees, Infosys has established 13 subsidiaries across the globe. Infosys help enterprises transform and thrive in a changing world through strategic consulting, operational leadership and the co-creation of breakthrough solutions, including those in mobility, sustainability, big data and cloud computing.
Infosys Technologies in 2011 introduced a new brand positioning and vision statement and said that it is stepping into a whole new phase that it described as Infosys 3.0. The idea is to move from a technology solutions company to a business solutions company and help customers build the enterprise of tomorrow.It is currently looking at acquisitions in the digital space and in the cloud and cyber-security areas.Infosys also managed to bring down its high employee attrition level a little in the September quarter,and made a net addition of 7,400 people.It hired nearly 800 employees outside India.
SVP & CEO (India): diego utge
Address: 5th Floor, Block B, Godrej IT Park, PirojshanagarLBS Marg, Vikhroli West, Mumbai 400079
Turnover (Global): $3.5 billion (2018 -19)
Owned by HNA Technology of China, Ingram Micro is a distributor of information technology products and operates in 52 countries, working with 30K+ Associates. It delivers a full spectrum of global technology and supply chain services to businesses around the world. Deep expertise in technology solutions, mobility, cloud, and supply chain solutions enables its business partners to operate efficiently and successfully in the markets they serve.
Ingram Micro came under the control of HNA Group in December 2016, following the completion of a US$6 billion acquisition which was first announced in February that same year.The strategic reason for the transaction was to reach “business opportunities in emerging markets, which have higher growth rates and better profitability.” However there are talks of the company apparently going under a new ownership, if reports are to be believed. Cloud continues to be a key focus area for Ingram Micro and over the past few yearsthe company has made several strategic investments in its cloud business.
Managing Director: Prakash Mallya
Address: No 23-56, P Devarabeesanahalli Outer Ring Road, Varthur Hobli, Ballandur Post, Bangalore, Karnataka - 560037
Turnover (Global): $70.8 billion (2018)
An American multinational corporation and headquartered in California, Intel designs, manufactures, and sells integrated digital technology platforms worldwide. The inventor of the x86 series of microprocessors, it is the world's second largest and highest valued semiconductor chip manufacturer based on revenue. The global strategy of Intel is gradually transforming from that of a PC company to a company that powers the cloud and billions of smart, connected computing devices. Intel supplies processors for computer system manufacturers such as Apple, Lenovo and HP, and Dell. Intel may be known to everyone for its processors; but it does much more than that. From harnessing the cloud capability to making the latest advances in memory, Intel is disrupting industries. Apple is also in advanced talks with Intel to acquirethe latter’s smartphone modem business for $1 billion (Rs 7,000 crore approx).
India is one of the most important non-manufacturing sites for Intel globally, with over 3,500 employees.
Managing Director & CEO (India): Rahul Agarwal
Address: Ferns Icon, Level -2, Outer Ring Road, Doddanekundi, Bengaluru, Karnataka 560037
Turnover (Global): $51, 038 million (2018-19)
A global Fortune 500 company, Lenovo is one of the world's leading PC vendor and Smartphone Company.It is a Chinese multinationaltechnology company with headquarters in Beijing (China) and Morrisville (North Carolina) United States. The three decade old company has operations in more than 60 countries and sells its products in around 160 countries. The company's expansion was further boosted by a joint venture with NEC in Japan called Lenovo NEC Holdings.Lenovo and Japan’s Fujitsu also announced a merger of their PC businesses in 2018 that resulted in Lenovo owning 51% of the Fujitsu PC arm. The merger includes a number of agreements, which includes manufacturing, distribution, brand licensing, and research and development.
Lenovo designs products for customers, which it terms it as the "PC+ world." It has gained significant market share in India through bulk orders to large companies and government agencies. India being a large geography, it is pursuing a strategy of selling its smartphones and laptops through many small state-centric distributors.
Managing Director: Ki Wan Kim
Address: 51, Udyog Vihar, Udyog Vihar Extension, Ecotech-II, Udyog Vihar, Greater Noida, Uttar Pradesh 201306
Turnover (India): Rs. 16,059 Cr (2018)
LG Electronics is a part of LG group, which is a South Korean multinational company. The LG Group is part of the fourth-largest ‘chaebol’ in South Korea. LG comprises four business units - Home Entertainment, Mobile Communications, Home Appliances & Air Solutions, and Vehicle Components. Its philosophy revolves around people, sincerity, and sticking to the fundamentals. It has unveiled many new products, applied new technologies in the form of mobile devices and digital TVs in the 21st century and continues to reinforce its status as a global company.
In India, LG has earned a premium brand position and is the acknowledged trendsetter for the industry. LG India’s manufacturing unit at Greater Noida is one of the eco-friendly units among all LG manufacturing plants in the world. Its second Greenfield facility is located at Ranjangaon, Pune, which has the capacity to manufacture LED TVs, air conditioners, washing machines, refrigerators, and monitors.
President (India): Anant Maheshwari
Address: 82/A, Usha Jubilee Town 36, 4th Floor, 8-2-293, Rd Number 36, Jubilee Hills, Hyderabad, Telangana 500033
Turnover (Global): $110, 360 million (2018)
Headquartered in Redmond, Washington, Microsoft, an American multinational technology, was founded by Paul Allen and Bill Gates.In 2018, Microsoft surpassed Apple Inc. as the most valuable publicly traded company in the world after being dethroned by the tech giant in 2010 and in April 2019, Microsoft became the third US public company to be valued at over $1 trillion after Apple and Amazon respectively, reaching the trillion-dollar market cap in 2018.
Talking about the India market, Microsoft is evaluating to increase its datacenter capacity given the traction it is receiving. The company is also targeting the banking, healthcare, ITeS and startups sectors and growing areas such as Artificial Intelligence and Machine Learning.Two years after it first appeared, Microsoft’s mobile messaging app Kaizala that was launched for customers in India, is now available to all Office 365 users globally.This is Microsoft’s first instance of a ‘Made for India’ product being exported to other countries.
Managing Director (India): Shailender Kumar
Address: BLC-143 one horizon center, Golf Course Road, Harizan Colony, DLF Phase 5, Sector 54, Gurugram, Haryana 122002
Turnover (Global): $39.83 billion (2018)
A seller of database software &technology, cloud engineered systems and enterprise software products (particularly its own brands of database management systems), Oracle enables its customers in more than 145 countries around the world.
Betting big on cloud, Oracle announced its Oracle Cloud suite, which is a cloud computing service,providing servers, storage, network, applications and services through a global network of Oracle Corporation managed data centers. On July 28, 2016 Oracle bought NetSuite, the very first cloud company for $9.3 billion.To support massive customer demand for cloud services in India, Oracle has announced the opening of its Gen 2 Cloud datacenter in Mumbai, with plans to open another one in Hyderabad next year. This aggressive expansion is in line with Oracle’s plans to add 20 new Gen 2 Cloud datacenters globally by the end of 2020. Oracle enjoys a stronghold in government and large enterprises. The data center will act as a direct competitor to AWS, Google, Microsoft and IBM.
Managing Director (India): Raj Shankar
Address: Ground Floor, "Centre Point" Plot No. 8 & 11 (SP) Thiru-Vi-Ka Industrial Estate, EkkaduthangalGuindy, Chennai - 600032
Turnover (India): Rs 16851.21 crore (2018-19)
Redington provides end-to-end supply chain solutions for all categories of Information Technology, Telecom, Lifestyleand Solar products.Redington is ready for the new-age technologies like Artificial Intelligence (AI), Robotics, Big Data and Analytics, Internet of Things (IoT), and 5G communications, which are opening new possibilities and new opportunities for tomorrow.It enjoys its vast presence in India, Middle East and Africa, and Singapore regions with 80+ sales offices.
Established in 1993, the company has entered into its 25th year in 2018, post which it has unveiled its new identity - a new logo and a new tagline signifying a new energy and a new direction. It combines the company’s core values and reflects its collective vision of taking Redington to the next level of growth and expansion. It was also in 2018 that Redington evolved from a promoter-led to a board-governed entity.
Country Head (India): Sunil Jose
Address: Block 5, DivyaSree Orion IT/ITES SEZ, Survey 66/1 Panmakhta, Raidurg Village, Serilingampally Mandal, Ranga Reddy District, Hyderabad, Telangana - 500032
Turnover (Global): $13.28 billion (2018-2019)
Salesforce is an American cloud-based software company headquartered in San Francisco, California. The bulk of its revenue comes from its customer-relationship management (CRM) service and thus it has carved its niche as the largest CRM software player globally. Salesforce.com has its services translated into 16 different languages and as of July 31, 2011, had 104,000 customers and over 2.1 million subscribers.Empowering millions of CRM users with Advanced Analytics, Salesforce has launched Einstein Analytics. It had also signed strategic agreements with Dell Technologies and IBM that helped in expanding the use of Salesforce's market-leading sales, service, and marketing applications and CRM platform.
India is one of Salesforce’s fastest growth markets in Asia Pacific and globally. Salesforce set up a CoE in Hyderabad, which also happens to be the company's largest global office outside of its San Francisco headquarters. It plans to add 1,000 jobs by 2020. The cloud services provider competes with Microsoft, Amazon Web Services, IBM and others.
President & Managing Director: Deb Deep Sengupta
Address: 6th Floor, Plot No A-2, MGF Corporate Park, MGF Metropolitan Mall, Late Shaheed Pankaj Wal Marg, Saket, Saket District Centre, New Delhi, Delhi 110017
Turnover (Global): €4,993 million (2018)
SAP is a German multinational software corporation that makes enterprise software to manage business operations and customer relations. It is the market leader in enterprise application software, helping companies of all sizes and in all industries run at their best. Headquartered in Walldorf, Baden-Württemberg, Germany, SAP has regional offices in 180 countries and has over 425,000 customers. It enjoys a subscriber base of 186 million in its cloud user base.
Talking about the India market, SAP has crossed the $1 billion revenue mark in the 2017 financial year, growing at 16% compared to the year before.It has two entities in the country – SAP India, which serves the local market and which grew 11% to $577 million and SAP Labs India, which grew 22% to $432 million. In January2019,SAP made a strategic plan to shift to a more modern cloud-based technologies such as blockchain, quantum computing, machine learning, internet of things, and artificial intelligence.
TATA CONSULTANCY SERVICES (TCS)
CEO: Rajesh Gopinathan
Address: TCS House, 2nd Floor, Raveline Street, Fort, Mumbai - 400001
Turnover (Global): Rs 123,170 crore (2018-19)
Tata Consultancy Services helps customers achieve their business objectives by providing innovative, best-in-class consulting, IT solutions and services and to make it a joy for all stakeholders to work with it.
The strategy of TCS for longer-term growth is to continually extend the core IT services business by expanding its geographic reach by building or acquiring emerging businesses and adopting or creating new business models and business solutions through continuous innovation. It is a subsidiary of Tata Group and operates in 147 nationalities across 46 countries. It has a total of 58 subsidiary companies.
TCS has recently reclaimed the status of the country’s most valued firm by market valuation, surpassing Reliance Industries Ltd (RIL). In April 2018, TCS became the first Indian IT company to breach $100 billion market capitalization. It is in the process of building a pyramid model with a large number of younger engineers with digital skills to reduce costs and improve margins.
CEO & MD: C. P. Gurnani
Address: Tech Mahindra Limited, Sharda Centre, Off Karve Road, Pune-411004, Maharashtra, India.
Turnover (Global): US$ 4.9 billion (2018-2019)
Tech Mahindra Limited is an Indian multinational provider of information technology (IT), Networking Technology solutions and Business Process Outsourcing (BPO) to various industry verticals and horizontals and is headquartered at Pune. Part of the Mahindra Group, Tech Mahindra is a US$4.9 billion company with over 121,840+ employees in more than 60 countries. Tech Mahindra is the highest ranked Non-U.S. company in the Forbes Global Digital 100 list (2018) and in the Forbes Fab 50 companies in Asia (2018). It is part of the USD 21 billion Mahindra Group.
Tech Mahindra, on 25 June 2013, announced the completion of a merger with Mahindra Satyam to create a $2.5 billion IT Company. As of 2019, Tech Mahindra is expecting to get back to strong growth mode in the telecommunication business, by getting ready for the 5G revolution and preparing to roll out 5G networks. It announced netOps.ai, its Network Automation and Managed Services Framework based on CI/CD (Continuous Integration/Continuous Deployment) principles.
CEO (India): Abidali Neemuchwala
Address: Doddakannelli, Sarjapur Road Bengaluru- 560 035
Turnover (Global): Rs. 8.47 billion (2018-19)
Wipro Limited is an Indian Information Technology Services corporation headquartered in Bengaluru, India. It is a global information technology, consulting and outsourcing company with services spanning financial services, retail, transportation, manufacturing, healthcare services, energy and utilities, technology, telecom and media. It has over 160,000 dedicated employees serving clients across six continents.
In 2013, Wipro separated its non-IT businesses into separate companies. In the IT business space, Wipro is fast leveraging artificial intelligence, blockchain and robotics and in line with it, the IT services major has launched its industrial internet of things (IIoT) centre of excellence (CoE) in California, Bengaluru and Kochi. In a recent announcement, Wipro sought shareholders' nod for up to Rs 10,500 crore shares for a buyback offer. This is Wipro's third buyback programme. The company also sought shareholders' approval for the appointment former SBI chairperson Arundhati Bhattacharya as an independent director on its board.