Six Indian firms in BW's Infotech 100

The Economic Times: Six Indian firms in BW's Infotech 100

The complete list and some notes from Business Week (pdf)

Five IT companies and a telecom company in the top 100 companies list based on a bunch of criteria.

• TCS
• Infosys
• Wipro
• Satyam
• Cognizant
• Bharti Teleservices

From an Indian perspective, the first three TCS, Infosys, Wipro are looking towards becoming global IT consulting companies from mere body shops and IT outsourcing companies. How seriously they will be viewed as consulting companies has to be seen.

Bharti is best placed for continuous growth, straddling all forms of telecommunication and Internet services in India. Reliance Infocomm is the only serious competition, but its management mess will continue for a while. Tatas are too far behind in all their Telecom ventures and cannot be a serious competition to Bharti. I expect Bharti to easily sail into US$10 billion annual revenues ahead of the other five listed above. Currently TCS is a little over $2 billion in revenues. Infosys will cross $2 billion in the next financial year. Bharti may also do the same. Wipro could as well.

Satyam, Cognizant and a host of other second rung IT firms will not try anything outlandish. Will just keep plodding through to accumulate more revenues in the IT and ITES sector.

Someone should come up with a list of India's new economy companies and analyse their growth prospects, and also look at spotting new growth sectors.