Dun & Bradstreet India is pleased to release the second 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. In ‘India’s Top IT Companies 2008’, 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 1.8% in 1999-2000 to around 5.4% in FY07. According to NASSCOM, the size of the Indian IT industry is estimated to be around US$ 47.8 bn in FY07. The Indian IT industry can be broadly classified into domestic market and exports market. The exports market constitutes the largest segment accounting for around 65.5% of the total revenue generated by the Indian IT industry including hardware.

The Indian IT companies are more aggressive in tapping the global markets. Mergers and acquisitions has been one of the routes that the Indian companies have adopted to enhance their presence globally, especially in the European markets. Indian companies are expanding their service offerings from application development and maintenance to high end services like testing, consulting and engineering designing. The Indian IT industry has also witnessed a change in its revenue composition with revenue from high-growth segments such as infrastructure management services, package implementation, testing and consulting continuously increasing. Further 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 building their brands 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 last 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 second edition of ‘India’s Top IT Companies 2008’ continue to provide key statistics - such as total income, employee size, services offered, verticals serviced and locations - for companies listed in it.

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