export of services from india

Hello friends, how are you?  today we are going to talk about export of services from India. As you know about IT sector (Information technology sector) and software export from India. But if you don’t know about software export, IT services (Information technology services) export from India then don’t worry we shall discuss in details.

India is the top destination for Information technology, Business software, Information technology Service sector. India’s software industry is superb because of IT education. India have two silicon valley i) Bangalore and ii) Pune  (Maharashtra)

There are many Information technology services India exports to USA, australia, United kingdom, Saudi arabia etc

can check import tax australia

 

India’s IT exports could grow 7- 9% in 2018-19
– National Association of Software and Services (Nasscom)

 

Top 10 it companies in india in 2018

top 10 companies in india in information technology IT sector and Software exports are listed below. Following companies are situated in two major silicon valley of India Bangalore(Karnataka) and Pune (Maharashtra). 

 

Mumbai or Pune (Maharashtra) based it companies india are TCS, Tech mahindra, Oracle Financial Services, Rolta. (4/10)

Bangalore (Karnataka) based it companies in india are Infosys, Wipro, Mindtree, Mphasis, (4/10)

Noida (Uttar Pradesh) based it companies in india is HCL Technologies (1/10)

Hydrabad (Telangana) based it companies in india are Cyient (1/10)

 

 

i) TCS  – TATA Consultancy Services

Tata Consultancy Services, founded in the year 1968 is headquartered in Mumbai (Maharashtra), India.

TCS always rank first among top it companies in india. TCS plays important role in export of services from india. TCS just joined the USD 100 billion company group. TCS became the first company which crossed the USD 100 billion magic figure. TCS market share of IT exports from india if more than 50% of IT sector in india.

# Founded: 1968

# Revenue: 15.5 billion USD (2015)

# Headquarters: Mumbai

# Founders: J. R. D. Tata, F. C. Kohli

# Parent organization: Tata Group

# Subsidiaries: CMC, TCS China, Computational Research Laboratories

# Revenue: Rs. 64672.93 Crore

# Net Profit: Rs. 18474.92 Crore

# Market Capitalisation: Rs. 487919.14 Crore

 

 

ii) Infosys

Infosys, founded in the year 1981 has been headquartered in Bengaluru, India.

Infosys is another big name of IT sector in india as well as service sector. some people determine name of infosys as information system (Info-sys).  it exports from india by infosys in 2017-2018 was

service exports from india scheme

# Founded: July 2, 1981, Pune

# Headquarters: Bengaluru

# Founders: N. R. Narayana Murthy, K. Dinesh, Nandan Nilekani, Ashok Arora, S. D. Shibulal, Kris Gopalakrishnan, N. S. Raghavan

# Subsidiaries: Infosys BPO Limited, Panaya, Lodestone Management Consultants, Infosys China, Infosys Australia

# Revenue: Rs. 44341 Crore

# Net Profit: Rs. 10194 Crore

# Market Capitalisation: Rs. 221528.83 Crore

 

 

iii) Wipro

Wipro, founded in 1945 entered into the IT domain in the year 1980 and since then has become one of the biggest IT Company in the world.

# Founder: M.H. Hasham Premji

# Founded: December 29, 1945, India

# Headquarters: Bengaluru

# Revenue: Rs. 38757.2 Crore

# Net Profit: Rs. 7387.4 Crore

# Market Capitalisation: Rs. 132380.73 Crore

 

iv) HCL Technologies

HCL Technologies, founded in the year in 1976 by Mr. Shiv Nadar is headquartered in Noida, India.

# Headquarters: Noida

# Date founded: November 12, 1991

# Founders: Arjun Malhotra, Shiv Nadar

# Parent organization: HCL Enterprise

# Revenue: Rs. 16497.37 Crore

# Net Profit: Rs. 5984.62 Crore

# Market Capitalisation: Rs. 129933.28 Crore

 

v) Tech mahindra

Tech Mahindra, founded in the year 1986 is headquartered in Pune (Maharashtra), India.

Tech Mahindra is the information technology company from mahindra and mahindra group. Tech mahindra growing rapidly in terms of IT services export and software export also.

# Revenue: Rs. 16295.1 Crore

# Net Profit: Rs. 2685.5 Crore

# Market Capitalisation: Rs. 58621.88 Crore

 

vi) Oracle Financial Services

Oracle Financial Services, founded in the year 1990 is headquartered in Mumbai (Maharashtra), India.

# Headquarters: Mumbai

# Founder: Rajesh Hukku

# Founded: 1991

# Acquisition date: August 2005

# Parent organization: Oracle Corporation

# Revenue: Rs. 3159.47 Crore

# Net Profit: Rs. 1148.36 Crore

# Market Capitalisation: Rs. 29538.11 Crore

 

 

vii) Mindtree

Mindtree, founded in the year 1999 by ten IT professionals is headquartered in Bengaluru, India.

# Founded: August 18, 1999

# Headquarters: Bengaluru

# Total assets: 20.15 billion INR (2015)

# Founders: Subroto Bagchi, Ashok Soota

# Revenue: Rs. 3031.6 Crore

# Net Profit: Rs. 451.2 Crore

# Market Capitalisation: Rs. 11148.64 Crore

 

 

viii) Mphasis

Mphasis, incorporated in the year 2000 is headquartered in Bengaluru, India.

# Founder: Jerry Rao

# Headquarters: Bengaluru

# Date founded: June 2000

# Acquisition date: 2006

# Parent organization: Hewlett-Packard, Electronic Data Systems

# Revenue: Rs. 1328.97 Crore

# Net Profit: Rs. 223.08 Crore

# Market Capitalisation: Rs. 8132.48 Crore

 

 

ix) Rolta

Rolta, founded in the year 1989 by Mr. Kamal K Singh is headquartered in Mumbai (Maharashtra), India.

# Headquarters: Maharashtra

# Founded: 1989

# Revenue: Rs. 1142.89 Crore

# Net Profit: Rs. 459.39 Crore

# Market Capitalisation: Rs. 1786.72 Crore

 

 

x) Cyient

Cyient, previously known as Infotech Enterprises, was founded by Mr. B.V.R. Mohan Reddy in the year 1991 and is headquartered in Hyderabad, India.

# Founders: B. V. R. Mohan Reddy

# Headquarters: India

# Founded: 1991

# Revenue: Rs. 1224.49 Crore

# Net Profit: Rs. 254.91 Crore

# Market Capitalisation: Rs. 5725.92 Crore

 

Why it industry in india is good ?  (it sector)

There are many factors behind a successful software industry in India. Here I have collected some basic points for you.

i) Skilled employees

As you know India have worlds largest pool of Engineers, doctors and scientists. Due to such skilled peoples there are many companies taking benefit of.

ii) Pro IT environment

India have two top destinations for Information technology, software developing. Bangalore and pune are the india’s silicon valley. TCS headquarter in mumbai and have plant in pune.

 

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