For Xerox, services overtakes products as the company's India biz grows

Much of the change in the business model has come from businesses cutting down printing requirements due to cost concerns, environmental efficiency, as well as overall security

For a company synonymous with photocopying machines, Xerox fast made inroads into the services space globally. 

Now, the Norwalk (US)-based company seems to have gained the momentum in India also where services component business has now overtaken the products business in line with the rest of the world. 

The company, today, has over 200 enterprise customers in India, while at least 11-12 of those contracts have been signed in the last five months.

“Our services component has grown over the past few years and majority of the business is currently service-based. We are now working with large enterprise, corporate and government customers to