11. HP India
Growth Rate in FY12: 7 percent
Growth Rate in FY11: 30 percent

This year HP merged its PC and Print divisions into one entity and named it PPS. The move was aimed at better cost management and profits. In the year 2011-12, HP’s software business remained flat while its networking, storage, servers and service division boomed. HP’s deals with Symphony Services, Tata Motors, Thinksoft, 3i Infotech, Bank of Baroda and Bank of India helped the organization to boost up its growth.

10. HCL Technologies
Growth Rate in FY12: 31 percent
Growth Rate in FY11: 29 percent

HCL Technologies follows a fiscal year of June to June and in this year’s financial cycle it has successfully earmarked a growth of 31 percent. The survey conducted by Dataquest reports that HCL’s revenue has crossed the $4billiob dollar mark and this has shown a growth of 47.8 percent in its net income. This year HCL has won 52 important deals including a one from a Fortune 500 company that will allow HCL to provide its services in 16 European countries.