TCS, Satyam, Wipro betting big on Indian services

The Indian vendors are now eyeing the opportunities in the Indian services market as they intend to garner a larger share of the market which is dominated by the global players like IBM and HP.
Analysts feels that with the slowdown in Western markets, the dollar's weakness against the rupee and the uncertainties arising from the slow down of the US economy, the Indian IT vendors are re-thinking their strategy and exploring the non-US markets including India.

However, TCS, Satyam and Wipro feels that its not the slowdown but the increased spending on IT by the government and the corporates is fuelling the growth of this sector and attracting the IT vendors to explore the market.

"The rapid economic growth and the growing stature of Indian corporates, who are adopting IT on a much wider scale, now presents a huge opportunity for IT services companies," Wipro Infotech Chief Executive Anand Sankaran told PTI.

Moreover, the size of the IT deals in the country is also increasing, which is making this sector attractive and profitable at the same time.

Earlier, the average size of deals in India were $ 2-3 million and now multi-year deals worth 100 million dollars is not unheard in the domestic market," TCS Vice President Head (India) S Venkatramani told PTI.

"The average size of deals are now $ 25-30 million dollars," he added. TCS which earns 10 per cent of their global revenues from the domestic market has a team of 7,000-9,000 members focused on the Indian market.