Nasscomm estimates the revenue of the IT-BPM industry at $119 billion grew by 12 per cent in 2014-15 with export market alone making up almost $100 billion.

The year witnessed hyper-growth in the technology start-up and software product landscape, India ranking as the fourth largest start-up hub in the world with over 3,100 start-ups in the country.

Software products and services revenues for 2015-16 is projected to grow at 12-14 per cent. Spending on technology and technology services grew at a faster pace (4.5%) than global economic

growth in 2013. The need to find new ways to reach out to consumers prompted the European companies to invest in

technology for optimisation and innovation, which led to 3% growth in IT spending during 2013, as compared to a decline in the previous year

The Economic Survey 2014-15 says the IT and ITeS sector including Business Process Management (BPM), continues to be one of the largest employers in India, directly employing nearly 35 lakh people.

Though exports dominate the Indian IT industry; the domestic market is also significant expected to grow at 14.1 %

Industry Snaphot

Rapid industrialization and growth of IT parks in the country Partial privatization of telecommunication Development of SEZ; which also help IT companies get tax benefits A large number of resource readily available in the country Low operating costs ax breaks and sops offered by the government

Why is the sector growing?

Wipro Technologies Founded: 1945 by Mohamed Hasham Premji Headquarters: Bangalore, Karnataka, India Employee Strength:130,000 employees International Presence: 54 and a worldwide presence with global centers

across 54 countries. Trivia: Initially set up as a vegetable oil manufacturer in 1945 in Amalner,

Maharashtra, producing sunflower Vanaspati oil and soaps. Strategic Shift: During the 1970s and 1980s, the company shifted its focus and

began to look into business opportunities in the IT industry, which was at nascent stages in India at that time.

Achievements: Marketed the first indigenous homemade PC from India in 1985.

• Founded: TCS was formed in July 1998 as a subsidiary of the Tata Group listed on BSE and NSE founded in 1968 by JRD TATA.

• Headquartered: at Mumbai TCS is an Indian Multinational IT services, business solutions & outsourcing Services Company, becoming a publicly listed company in 2004.

• Employee Strength: 300,464 representing 118 nationalities deployed across 55 countries.• Strategic Shift: 2008, undertook an internal restructuring exercise which aimed to increase

the company’s ability. 2011, entered the small and medium enterprises market with cloud-based offerings.

• Achievement: 2004, TCS’s e-business activities generated over US$500 million in annual revenues 2005, became first India-based IT services company to enter bioinformatics market 2006, designed an ERP system for Indian Railway Catering and Tourism Corporation2011/12, fiscal year achieved annual revenues of over U$10 billion for the first time.While the global IT spend grew at 4.5%, TCS delivered a growth of 16.2% in fiscal 2014.

TCS

Founded: Infosys Limited (NASDAQ: INFY) started in 1981 by seven people with US$ 250 Employee Strength: Over 145,000 International Presence: 64 offices and 68 development centers in US, India, China, Australia,

Japan, Middle East, UK, Germany, France, Switzerland, Netherlands, Poland, Canada and other countries.

Achievement: Global leader in the “next generation” of IT and consulting.Pioneered the Global Delivery Model (GDM), which emerged as a disruptive force in the industry leading to the rise of offshore outsourcing. The GDM is based on the principle of taking work to the location where the best talent is available, where it makes the best economic sense, with the least amount of acceptable risk

Strategy: Takes pride in building strategic long-term client relationships. 97.4% of our revenues come from existing customers (Q3 FY 12).Designs and delivers technology-enabled business solutions for Global 2000 companies. Infosys also provides a complete range of services by leveraging our domain and business expertise and strategic alliances with leading technology providers.

Infosys