Dun & Bradstreet India is pleased to release the inaugural edition of its premium publication ‘India’s Top IT Companies’. The Indian IT Industry has emerged as the flagship of Brand India across the world, and continues to grow at a rapid pace. In ‘India’s Top IT Companies 2007’, we have attempted to collate an information resource covering a wide swathe of this important industry. We hope that this publication will serve as an authoritative and useful ready reference tool for business leaders globally.

The IT industry’s contribution to India’s GDP has grown significantly from 1.2% in 1999-2000 to saround 4.8% in FY06, and has been estimated to cross 5% in FY07. The sector has been growing at an annual rate of 28% per annum since FY01. The Indian IT industry can be broadly divided into two markets: domestic market and exports market. The exports market constitutes the largest segment accounting for 75% of the total revenue generated by the Indian software industry.

The service sector in India continues to show healthy growth, touching 10.3% in FY06. The contribution of services to the country’s GDP is near the 61% mark, and this sector continues to look attractive. Total services exports in FY06 were worth US$ 61.4 bn. Of this, software exports accounted for US$ 23.6 bn - a full 38% of the total. Year on year, software exports have grown at the rate of 32%. At this rate of growth, this segment alone will cross US$ 50 bn by FY09, if not sooner.

The Indian IT industry has witnessed a change in its revenue composition in recent years, with revenue from high-growth segments such as infrastructure management services, package implementation, testing and consulting continuously increasing. Newer service lines are not only enabling Indian companies to increase their sales by cross-selling to their existing customers, but also improving their average billing rates and getting them recognition as end-to-end service providers. In terms of user industries, though the BFSI and hi-tech/telecommunication industries remain the leading verticals for the Indian IT companies, other sectors such as manufacturing, retail, healthcare, utilities, etc. are also emerging as promising segments. In the past two years, Indian IT companies have increased their size significantly and have established themselves in the global market. This is apparent from the large deals bagged by the Indian IT companies in the past one year.

The inaugural edition of ‘India’s Top IT Companies’ provides key statistics - such as employee size, verticals serviced and locations - for companies listed in it. Besides this, it also provides information on the history, operations and financial performance of these companies.

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

Dr Manoj Vaish
President & CEO - India
Dun & Bradstreet