The growth in the service sector in India has been led by the IT--ITES sector, contributing substantially to increase in GDP, employment, and exports.Indirect employment of over 8.3 million job opportunities is also expected to be generated due to the growth of this sector in 2010-11. The sector has increased its contribution to India's GDP from 1.2% in FY1998 to 7.1% in FY201.Direct employment in the IT services and BPO/ITES segment was 2.3 million in 2009-10 and is estimated to reach nearly 2.5 million by the end of financial year 2010-11.However, the recent global financial crises has deeply impacted the Indian IT companies as well as global companies.
Top 10 IT companies 2012
TCS Tata Consultancy Services since 1968 is India’s largest corporate house with 111,000 workers offers computer services to group companies realising big potential of the rising IT services rose to net profit of Rs 1,290.61 crore
Wipro Chairman Azim Premji started off as a hydrogenated cooking fat company, now $5 billion revenue from IT, BPO & R&D services in 50 countries with 72,000 employees with revenues grew by 33 % to Rs 19,957 crore Rs 200 billion in year ended March 31, 2008.
Infosys Technologies Ltd since 1981 generates revenue of 4 billion from 94,379 employees offers Payments and Treasury Services, and Offshoring & Outsourcing.
Satyam Computer Services since 1987 by Ramalinga Raju with 51,000 employees reached the $ 2-billion offering IT service
|HCL yearly revenues is $4.9 billion operating in 18 countries offers services in IT industry|
|Tech Mahindra since 1986 is a client base and service offerings focused on the communications industry with a net profit rose 8.57 per cent to Rs 196.4 crore Rs 1.96 billion|
|atni Computer Systems offering information technology services and business solutions across the Americas, Europe and Asia-Pacific locations.|
Iflex from Citicorp offering universal banking product and a product called Flexcube reached at the quarter ended March 31, 2008 at Rs 672 crore
MphasiS Limited since 2000 has 27,000 people recorded Rs 2,423 crore at 38 per cent over the previous year.
L&T Infotech is a worldwide IT services and solutions provider provides banking solutions for the Indian banking industry recorded revenues of Rs 29,600 crore