Changing Face Of Indian IT Industry

In order to prepare the country to face the big jerk of going down, Wipro appointed a Chief Operating Officer Abid Ali Neemuchwala and an elevated Chief Strategy officer Rishad Premji to the board of the company. This is mainly because of the company’s Chief Executive Kurien tends to follow old techniques in business as per footsteps of Azim Premji.

Neemuchwala, who was previously, associated with TCS s considers the spirit of Wipro as his first priority. Kurien on the other end focuses on "defining the future and changing the business."
On the National Stock Exchange ahead, Wipro ended with a 2 percent high earning. At this point HCL has almost reached 3.2 percent though the same reported a sequential fall of 12% in its third-quarter profit. Analysts in case of HCL predict an average growth rate of 3.5 percent.

This March quarter is reflecting the worst states for other Indian software exporters as well. TCS, for the first time in past five years experienced a negative growth questioning over its performance of the $146-billion IT sector in the coming years.

Siddharth A Pai, a Partner and President for Asia-Pacific at outsourcing advisory firm ISG does not consider cross-currency movements as an excuse for companies to experience a top line fluctuation.  In context of TCS, his view considers price wars between Indian service providers and younger firms is affecting the IT sector.

Iyenger of Gartner agrees to this by saying, “These new vendors are pulling out the rug from under the feet of Indian service providers." He further says, “Even an 800-pound gorilla like IBM is showing signs of weakness. I am optimistic that Indian providers will figure out a way through this transition."

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