In this technological era, IT companies are creating waves. Not only are they expanding their business and seeing a huge turnover, but they are employing in large numbers.
One must also understand the difference between IT and ITeS companies. While IT companies are about engineers writing complex code, ITeS (IT-enabled Services) is about youngsters with an accent talking away. ITeS can be defined as outsourcing of processes that can be enabled with information technology and covers diverse areas like finance, HR, administration, healthcare, telecommunication, and manufacturing.
However due to expanding business, both IT & ITES companies have enough reason to crossover. They are discovering synergies, which can open up new business opportunities and keep the growth ticking.
As per Nasscom experts, the top 5 players in both the IT and ITeS sectors are -:
1) TCS: Tata Consultancy Services: Is a software services and consulting company headquartered in Mumbai. TCS is the largest provider of information technology and business process outsourcing services in Asia.
Revenue: $6.3 billion
2) Wipro: A giant information technology services corporation headquartered in Bangalore. It has interests varying from information technology, consumer care, lighting, engineering and healthcare businesses
Revenues: $4.3 bn
BPO revenues: $465 mn
3) Infosys: Infosys Technologies Limited is an information technology services company headquartered in Bangalore. Infosys is one of the largest IT companies in India with 113,796 employees (including subsidiaries) as of 2010.
Revenues: $4.8 bn
BPO revenues: $294 mn
4) Cognizant: Cognizant India is one of the most important global delivery centres of Cognizant Technology Solutions and plays a significant role in business outsourcing services apart from providing services such as consulting and IT-related solutions.
Revenues: $3.3 bn
BPO revenues: $200 mn
5) Genpact: Genpact is a global business process outsourcing company. It was formerly a GE owned company called GE Capital International Services or GECIS. It operates from India, China, Guatemala, Hungary, México, Morocco, the Philippines, Poland, the Netherlands, Romania, Spain, South Africa, and the United States.
ITeS Company: Genpact
Revenues: $1,120 mn
IT partners: Mastek, NetSuite
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