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There were three major headlines in 2007-08. The continuing shadow-boxing
between the Congress and the Left (to be nuclear or not to be), the IPL-ICL
fracas, and the fluctuating dollar-rupee relationship and its impact on
export-oriented businesses, particularly the IT exporters.
The Indian IT services vendors, people who actually defined the offshore
exports paradigm, seemed to be the worse affected; the dollar depreciation and
ironically its subsequent appreciation (in cases where many hedged aggressively)
affected most of them including the Big Five.
Some statistics in the DQTop200 illustrate their predicament. With half of
the Top 20 constituted by export-oriented companies, the growth rate of this
exclusive club came down to 24% in FY 08 (from 41% in 07). The fortunes of the
Top 20 exporters in DQ 200 make the picture more precise. While these companies
had grown by 45% in 07, the corresponding growth figure dwindled down to only
29% in 08.With ninety-five of the DQ 200 being services companies (most of them
involved in exports), the impact of the dollar-rupee fluctuation has been the
over-riding theme in the DQ Top 20 this year. Interestingly, what this also did
was ensure that most of these companies had to seriously foray into the domestic
Indian marketit was no more a question of adding one more geography, but more
of business laissez-faire. Many associated the relatively insipid year for even
a giant like Infosys to their failure to start domestic ventures.
|
The Top 20 Club 2007-08 |
RANK
06-07 |
RANK
07-08 |
COMPANY |
CEO/COUNTRY HEAD |
Revenue (Rs crore) |
Growth (%) |
|
|
|
|
06-07 |
07-08 |
06-07 |
07-08 |
| 1 |
1 |
TCS |
S Ramadorai |
17,560 |
21,465 |
34 |
22 |
| 2 |
2 |
Wipro |
Suresh Vaswani/Girish Paranjpe |
13,252 |
16,884 |
41 |
27 |
| 3 |
3 |
Infosys Technologies |
S Gopalakrishnan |
13,240 |
15,758 |
45 |
19 |
| 4 |
4 |
Hewlett-Packard India |
Neelam Dhawan |
11,917 |
15,454 |
37 |
30 |
| 5 |
5 |
IBM India |
Shanker Annaswamy |
8,245 |
10,179 |
52 |
23 |
| 6 |
6 |
Ingram Micro |
K Jaishankar |
6,896 |
8,620 |
25 |
25 |
| 7 |
7 |
Satyam Computer Services |
Ramalinga Raju |
6,111 |
7,889 |
34 |
29 |
| 11 |
8 |
Cognizant Technology Solutions |
Francisco D Souza |
4,584 |
6,310 |
83 |
38 |
| 8 |
9 |
Redington India |
PS Neogi/EH Kasturi Rangan |
5,023 |
6,280 |
23 |
25 |
| 9 |
10 |
HCL Technologies |
Vineet Nayar |
4,930 |
6,200 |
39 |
26 |
| 12 |
11 |
Cisco Systems |
Naresh Wadhwa |
4,424 |
5,837 |
30 |
32 |
| 10 |
12 |
Oracle India |
Krishan Dhawan |
4,753 |
5,808 |
52 |
22 |
| 15 |
13 |
HCL Infosystems |
Ajai Chowdhry |
3,522 |
5,058 |
32 |
44 |
| 14 |
14 |
Intel |
Praveen Vishaknantaiah |
3,760 |
4,310 |
14 |
15 |
| NEW |
15 |
Accenture |
Harsh Mangalik |
NEW |
3,800 |
NEW |
NEW |
| 16 |
16 |
Tech Mahindra |
Vineet Nayar |
2,900 |
3,636 |
133 |
25 |
| 18 |
17 |
Microsoft India |
Ravi Venkatesan |
2,580 |
3,263 |
26 |
26 |
| 24 |
18 |
SAP India |
Ranjan Das |
1,774 |
3,260 |
33 |
84 |
| 21 |
19 |
Dell India |
Sameer Garde |
2,000 |
3,200 |
66 |
60 |
| 19 |
20 |
Lenovo India |
Amar Babu |
2,562 |
3,014 |
35 |
18 |
|
Two IT services companies Teledata, which had
moved up several ranks in the 2006-07 after its acquisition of eSys, and
Patni Computer are no more among Indias Top 20 IT companies. Also, Moser
Baer, the global media giant, is not among the largest 20 IT companies
anymore. These displaced companies have been replaced by Accenture, an IT
services player, and SAP which is into package software, and PC biggie Dell. |
| Moser Baer, last
years #20 clocked Rs 2,074 crore in revenue, while this years #20 Lenovo,
reached the Rs 3,014 crore mark |
The hit taken by exports vendors have been somewhat offset by the performance
of the vendors primarily operating in the domestic market. This trend has been
increasingly visible for the last few years, and this year it somewhat acted as
a balm for the DQ 200. Unfortunately, here too, the growth has not been secular
at all. That explains why despite companies like SAP and Acer registering triple
digit growths, the Top 20 domestic players grew by only 27% (down from 31% in
07).
Ibrahim Ahmad & Team DQ
maildqindia@cybermedia.co.in
See Ranking List Page(s) 1 2 3 4 5
|
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