The Hindu Business Line : TCS retains top slot in software, service exports

MAINTAINING its lead over other IT players, Tata Consultancy Services emerged as the top software and service exporter from India in 2003-04 with an export revenue of Rs 5,503 crore, followed by Infosys Technologies and Wipro, according to Nasscom.

The top six IT software and service exporters remained well entrenched in their slots over the entire year, and change in the pecking order was only evident from seventh position onwards, when compared with 2002-03 rankings.

As per Nasscom's Top 20 Software and Service exporters (excluding ITES-BPO revenues) ranking for the year ended March 2004, Infosys with export revenue of Rs 4,709 crore and Wipro with export turnover of Rs 3,920 crore retained second and third slots, respectively.

Satyam Computer Services, which clocked exports of Rs 2,472 crore, and HCL Technologies Ltd with export revenue of Rs 1,895 crore, occupied the fourth and the fifth positions, respectively.

The Nasscom rankings placed Patni Computer Systems at the sixth slot with exports of Rs 1,223 crore.

The year 2003-04 saw Mahindra British Telecom and i-flex Solutions swap their earlier positions. i-flex Solutions with export revenue of Rs 773 crore rushed past Mahindra British Telecom to occupy the seventh position, even as the latter ended in eighth position with exports of Rs 727 crore.

The combined revenue of the top 20 exporters stood at Rs 26,464 crore ($5.77 billion) in 2003-04, witnessing a growth of 31.6 per cent in dollar terms. The total combined revenue was Rs 20,668 crore in 2002-03.

"The software and services exports industry, excluding the ITES-BPO sector, recorded revenues of $8.9 billion in 2003-04, registering a growth of 25 per cent over $7.1 billion in 2002-03," a Nasscom statement said. Mr Jerry Rao, Chairman of Nasscom, said that the top 20 exporters continued to account for nearly 65 per cent of the total sector exports.

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