Even as some of the larger Indian ITES companies, notably Infosys and Wipro, have been passing through a very tough period, the performance of some of the Tier II companies has been surprisingly strong and their forecasts for the next year is even better. Companies like NIIT Technologies MindTree, KPIT Communis and Infotech have given upbeat forecasts for the next [...]

Recently Tech Mahindra opened an office in Istanbul to cater not only to the rapidly growing ITES market in Turkey, but also in the neighbouring South Eastern Europe and Balkan nations. The company intends to use Turkey as its hub for the region, where it had bagged a contract to implement a billing solution for a large telecom operator. As [...]

This is the first notable movement by the Indian ITES companies in France. Over the last few years, several discussions had been held with the French companies but nothing really materialised. Often the discussions were aborted on valuations, lower operational margins than those demanded by the Indian ITES firms but also for the reasons of a certain incomprehension of the [...]

Almost five years after it bought CapitalStream, India’s fifth-biggest IT services company, HCL Technologies, has decided to sell it to Paris-based Linedata, which is a leading providers of software and services to the credit and financing industries in Europe and Africa. On the face of it, HCL perhaps did not get such a good deal, despite having had CapitalStream in [...]

It is a clear sign of the changing times when the United States, by far the largest Information Technology services market in the world, starts to complain about other IT services markets being closed. This is precisely what happenned as representatives of US IT services companies told lawmakers in Washington DC last week that India was setting up a whole [...]

L&T Infotech, the eighth-largest Indian IT services firm and part of the diversified Larsen & Toubro conglomerate, has been completely reorganised and is now aggressively targeting the two biggest IT services markets in Europe – Germany and France. The company has been reorganized around two business clusters—industrials and services. The services cluster will include banking, financial services, insurance and areas [...]

At the recently concluded World Economic Forum’s Annual Meeting in Davos, Infosys co-chairman Kris Gopalakrishnan expressed optimism that 2013 is going to be a better year for Indian IT than 2012. Partly, this optimism is justified by the surprisingly strong and widespread results posted by the big five of Indian IT in the last quarter of 2012. Many expect the [...]

As 2013 begins, the Indian IT services companies can perhaps look back with some degree of satisfaction at 2012, at least as far as the European markets are concerned. For the market leader Tata Consultancy Services, the quarter ended September 2012 was very strong and while Infosys was still suffering and churning out an under-par performance, HCL Technologies has emerged [...]

While the big Indian IT companies have clearly identified France and Germany as focus markets and finally decided to deploy the required strategy and means to break through, the Tier 2 companies who had promising and big ambitions for Europe seem to have disappeared from the landscape… in this small opinion note, I would like to share with you my [...]

For over two decades, Infosys was considered as the bellweather for the Indian Information Technology sector and the company, despite being considerably smaller than the market leader TCS, always commanded a higher premium in the stock market. The top management at Infosys had gotten used to almost never feeling the pressure, of stakeholders or the press. So clearly the last [...]