Dun & Bradstreet India is pleased to release the first edition of its publication ‘CTO Black Book 2009’. The publication aims providing an insight into the structure, current trends and future outlook of the Indian IT industry. We hope that this publication will serve as an authoritative and useful ready reference tool for business leaders globally.

The information technology sector continues to play a pivotal role in the Indian economy’s growth, registering a CAGR growth of 21% during FY05-10. Further, its share in India’s GDP has increased from 4.1% in FY05 to 6.1% in FY10. IT software services sector has been a primary driver of this growth, which in turn, has been driven by exports – accounting for 75.4% of the overall IT services industry.

However, the global economic slowdown has unarguably put a brake on this run in the past two years. The Indian IT industry has been heavily depended on the US and European markets, which were the worst effected economies during the recession. During the turbulent times, Indian IT companies had to re-group and revisit their strategies. Companies diversified into newer verticals, service offerings, attempted to offer innovative business solutions, and made substantial investments in research & developments.

They also began to earnestly explore new markets – and most notably started looking at the domestic IT market. During FY05-10, the Indian domestic IT market increased from approximately USD 5 billion in FY05 (excluding hardware) to USD 14 billion in FY10 – representing a big opportunity available domestically. Additionally, the industry is also increasingly focusing on the relatively unexplored domestic Small and Medium Business (SMB) segment using tailor made easy to implement solutions and delivery models.

The first edition of ‘CTO Black book 2009’ provides key statistics - such as total income, employee size, services offered, verticals serviced and locations - for companies that are part of the publication. It also provides information on the history, operations and financial performance of these companies.

I am sure that you will find this publication interesting and useful. I look forward to your suggestions and feedback.

Kaushal Sampat
President & CEO - India
Dun & Bradstreet