Information Technology (IT) Industry in India

The Indian IT industry began with the acquisition of computers from the USSR in the late 1960s. The National Informatics Centre and the Computer Maintenance Company, which were established in 1975, are government institutions that have played a crucial role in the development of IT. National Association of Software and Services Companies (NASSCOM) is established in 1988 for trade association of IT and Business Processs Outsourcing (BPO) Industry. In the financial year 1997-98, the share of the IT sector in India's gross domestic product was only 1.2 percent. However, by 2011-12, this had increased to 7.5 percent. 

Information technology has been one of the fastest growing industries since India began its economic liberalization process in 1991. It has contributed significantly to India's gross domestic product (GDP) and employment generation. The IT sector has also contributed significantly to India's export earnings. The Indian IT industry is mainly focused on two sectors: IT services and Business Process Outsourcing (BPO). India's IT industries are mainly concentrated in the cities of Bengaluru, Chennai, Hyderabad, Thiruvananthapuram, Delhi, Mumbai and Kolkata. Most of India's IT exports originate from Bengaluru. It is known as the 'Silicon Valley of India'.  

SOFTWARE INDUSTRY

A software company is an organisation owned by public or private establishment for making the profit from various forms of software, software technology, distribution, and software product development. They are one of the component of IT industry. Major centres of Software Industry in India are Bangalore, Hyderabad, Kolkata, Chennai, Trivandrum, Noida, Mumbai and Pune. Bangalore is known as the Silicon Valley of India, because it is the leading IT exporter. India's second and third largest software companies are headquartered in Bangalore.

Here are a list of services offered by software companies in India

1. Application Development

2. Collaborative Commerce

3. Collaborative Content Management

4. Consulting

5. Custom Business solutions

6. Customization Services

7. Database Migration services

8. Digital Marketing/Search Engine Optimization

9. ERP solutions

10. iphone Apps development

11. Multimedia offering

12. Outsourcing

13. Programming Services

14. Quality assurance and testing services

15. Web Branding Services

Top Software Companies in India

There are plenty of software companies in India that have been doing well. This is a list of notable software companies in the information technology sector based in India.

1. Tata Consultancy Services: Tata Consultancy Services (TCS) is the largest IT company in India. TCS is also the company with the highest export earnings. Tata Consultancy Services, or TCS is one of the Tata Group's subsidiary. Not just in India, but throughout Asia, it is the biggest IT company. Founded in 1978, this software company now operates in 150 locations across 46 countries. Tata Consultancy Services (TCS) holds the record of employing the most significant number of people.

2. Wipro Limited: Wipro is one of the biggest software companies in India. Its main office is located in Mumbai. Wipro was founded in 1980. Wipro Technologies is listed on the New York Stock Exchange. Wipro is among the top nine most valuable brands in India, as per a recent survey carried out by Brand Finance and The Economic Times in 2010. Wipro is actively engaged in product engineering, business process outsourcing, application development and maintenance, among other areas.

3. Infosys Technologies Ltd: Infosys Technologies Limited was established on July 2 1981. In a short period of time, Infosys has established itself as a significant software firm both in India and internationally. Infosys Technologies has offices in more than 50 nations. 

4. HCL Technologies Limited: HCL Technologies is the IT service wing of HCL. HCL Technologies was established on November 12, 1991, and its main office is in Noida. This company, which is regarded as one of the top software companies in India helps enterprises reimagine their businesses for the digital age. HCL Technologies Limited has offices in more than 60 nations. . 

5. Tech Mahindra Limited: Tech Mahindra is a joint venture between BT Group of UK and the Mahindra Group. Since its founding in 1986, Tech Mahindra, currently is one of the largest software exporting firm in India.

6. IBM India: IBM came to India in 1992. IBM India Private Limited is the Indian subsidiary of IBM. IBM has offices across the majority of India's major cities and metropolitan areas. They provides information technology services. The Company offers business and technical consulting, analysis, training and support, entrerprise activities and data storage.

BUSINESS PROCESS OUTSOURCING (BPO) INDUSTRY

Business process outsourcing (BPO) is a method of subcontracting different business-related operations to third-party vendors. It involves contracting with an outside service provider to handle a number of tasks, including data entry, accounting, customer support, customer satisfaction, and human resources. BPO has played a huge role in India's economic growth, particularly in recent years. BPOs' contribution to India's economic growth demonstrates how the IT and ITeS industries have been a major factor in the country's economic expansion. IT Services and BPO together contributes 7.5% of India GDP. The growth in the contribution of BPOs to India's GDP has shown a steady rise from 1.2% to 5.4%. Currently, Business process outsourcing in the country are focused on the domestic segments and offshoring. India is the largest country in the world for outsourcing. Clients worldwide hire Indian Business process outsourcing and IT companies for a number of different demands. 

Here are a list of most outsourcing BPO services in India

1. Back-office Support

2. Call Center Services

3. IT Outsourcing

4. Knowledge Process Outsourcing (KPO)

5. Software and App Development

Top BPO Companies in India

1. Accenture

2. Cognizant Technology Solutions Corporation

3. EXL Service

4. Firstsource Solutions

5. Flatworld Solutions

6. Fusion BPO Services

7. Genpact 

8. Hinduja Global Solutions (HGS)

9. Infosys BPM

10. Invensis Inc.

11. SunTec India

12. Tata Consultancy Services (TCS) 

13. Tech Mahindra 

14. TechSpeed Inc

15. Wipro