February 28, 2007

India's best Product Companies

Just few days back,there was a discussion here as to why there aren't more product startups/companies in India.The two main reasons for not having more product companies in India are listed below:

1. Development of a software product requires more investment and also needs excellent marketing.The risk involved is too high(This is the most obvious reason)
2. (This was really shocking for me)To launch a software product,you need to be in a First world nation and not India.This makes me wonder,though there is a huge IT boom in India,it is still not considered an ideal destination cry

Business Today has given a very good analysis of "India's hottest software Product Companies" and some of the prominent products like FlexCube, Tally were the obvious contenders in the list but there were some surprises too in the list.Keep on reading.....

The list of the India's 10 prominent product companies is given below(the complete article can found in Business Today-February25,2007):

1. 3i Infotech:
Revenues: Rs 445.1 cr
Flagship Product: Kastle-A universal banking product that covers origination, srvicing and collection of funds
Facts: As per a survey by Dataquest, 3i has become the forth largest player in the Indian products market.What helped 3i is acquisition of small firms like DataCons, FDG and Stet,half of 3i's revenues comes from Products!!!

2. Infosys Technologies:
Revenues: Rs 391 cr(4.83% of Infosys's revenues)
Flagship Product: Finacle- A universal banking solution
Facts: In the year 2006, Finacle fetched $81.86 million in revenues.As per Merwin Fernandes(VP-Global Head,Sales & Marketing), "Finacle is growing faster than products like FlexCube and Temenos,but at a smaller base"

3. IBS Software:
Revenues: Rs 225 cr
Flagship Product: aIRES-Passenger reservation and inventory management system.
Facts: After 9/11, IBS decided to improve its domain expertise in travel and tourism industry by building three software products- aIRES, iCargo and iLogistics.

4. Ittiam:
Revenues: Rs 36 cr
Flagship Product: DSP(Digital Signal Procssing) solutions for portable media players
Facts: The company name Ittiam is inspired by a one liner philosophy "I think therefore I am".For third year in a row,Ittiam has been voted as world's most preferred provider of DSP based IP in a survey of DSP professionals.

5. Ramco Systems:
Revenues: Rs 194 cr
Flagship Product: Enterprise Series-ERP package targetted at primarily small businesses
Facts: Ramco has never tried to compete with the bigger players like SAP , Oracle in the ERP market but has always focussed on smaller companies and domestic markets for its expansion.As per the COO of Ramco Systems,"Cost is not the only reason why customers come to Ramco but Ramco also provides an excellent software application that not only addresses functional requirements but also enhance IT capability of the customers"

6. Sasken Communication Technologies:
Revenues: Rs 339.69 cr
Flagship Product: NA - Solutions in millions of cellphones used globally
Facts: Sasken was founded by Rajiv Mody in 1989 in a garage in San Jose , California as "Silicon Automation Systems" and later moved to Gujarat as ASIC Technologies and than to Bangalore as "Sasken".Its modem software is into 55 million handsets globally and its application suite is installed in more than 8 million smart phones eek

7. Subex Azure:
Revenues: Rs 172 cr
Flagship Product: RocWare - Operational efficiency and service agility software suite
Facts: In seven years(since 1999), Subex is made seven acquisitions worth $323.5 million!!!With the acquisition of Canadian company,Syndesis(for $164.5 million) Subex's products have expanded from telecom fraud management(Ranger) and billing solutions(Concilia) to revenue enhancing solutions(Moneta and Optima)

8. Tally Solutions:
Revenues: Rs 120 cr
Flagship Product: Tally 9.0 accounting package
Facts: Tally has 90% market share in the domestic market for accounting software rolleyes .Tally claims to have 2 million users in 92 countries.Now,Tally is looking at ERP solutions for small businesses and another one in the retail industry.

9. Talisma:
Revenues: NA
Flagship Product: Talisma CIM-Multi Channel customer interaction management solution
Facts: Even though, Talisma is in competition with the stronger players like SAP, Siebel etc in the CRM and CIM market ,it has around 800 customers worldwide and also expects to add 50+ customers(big and small) every quarter.For its progress,Talisma believes in word of the mouth marketing and on Search Engine based marketing.

10. Tejas Networks:
Revenues: Rs 250 cr
Flagship Product: Optical networking products
Facts: It as co-founded by Sanjay Nayak along with Gururaj Desh Deshpande of Sycamore Networks.Even with bigger players like ZTE, Huawei and Cisco operating in the same domain,Tejas has around 25% market share in the segment it operates in!!!

Labels: , ,

10 Comments:

At Feb 28, 2007, 7:22:00 AM , Anonymous The Cruisemaniac said...

Gud report. And i strongly feel that the first reason you mentioned about risks involved is by far the most important and vital reason for a lot of companies not doing product related development in India. The cost and ROI on the risk factor is very high as in any other product based firm. but the indian mentality does not accept the risk and face it.

Good review neways...
Chao...

 
At Feb 28, 2007, 6:39:00 PM , Anonymous Hiral Shah said...

Good article. :-)

Hiral

 
At Feb 28, 2007, 10:57:00 PM , Blogger Himanshu Sheth said...

Hey Ashwin,
Yes,I really feel that more risk taking ability would lead to the more and more Product based companies being born out of India and I am sure that time is not far when this happens!!!

-Himanshu

 
At Mar 2, 2009, 6:49:00 PM , Blogger Inventory management software said...

Let it be clear that it isn't magic, Inventory in finish goods form is harder to manage. But when the inventory is managed by vendors they can manage it in other forms for an example as raw materials and as semi finish goods.




inventory management software

 
At Dec 3, 2009, 5:43:00 PM , Anonymous Anonymous said...

Good day !.
You re, I guess , perhaps curious to know how one can reach 2000 per day of income .
There is no need to invest much at first. You may begin earning with as small sum of money as 20-100 dollars.

AimTrust is what you haven`t ever dreamt of such a chance to become rich
The company represents an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.

Its head office is in Panama with structures around the world.
Do you want to become a happy investor?
That`s your chance That`s what you desire!

I`m happy and lucky, I began to take up real money with the help of this company,
and I invite you to do the same. It`s all about how to choose a correct partner who uses your funds in a right way - that`s AimTrust!.
I make 2G daily, and my first investment was 500 dollars only!
It`s easy to start , just click this link http://kawyvutot.freecities.com/nahipy.html
and lucky you`re! Let`s take our chance together to feel the smell of real money

 
At Dec 16, 2009, 5:32:00 PM , Anonymous Anonymous said...

Hello !.
You may , probably very interested to know how one can reach 2000 per day of income .
There is no need to invest much at first. You may start to receive yields with as small sum of money as 20-100 dollars.

AimTrust is what you haven`t ever dreamt of such a chance to become rich
The company incorporates an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.

Its head office is in Panama with offices everywhere: In USA, Canada, Cyprus.
Do you want to become an affluent person?
That`s your chance That`s what you desire!

I feel good, I began to take up income with the help of this company,
and I invite you to do the same. It`s all about how to choose a correct companion utilizes your money in a right way - that`s AimTrust!.
I earn US$2,000 per day, and what I started with was a funny sum of 500 bucks!
It`s easy to start , just click this link http://xygavydila.uvoweb.net/caqozu.html
and lucky you`re! Let`s take this option together to feel the smell of real money

 
At Jan 12, 2010, 12:46:00 PM , Anonymous Anonymous said...

Hi there!
I would like to burn a theme at here. There is such a thing, called HYIP, or High Yield Investment Program. It reminds of financial piramyde, but in rare cases one may happen to meet a company that really pays up to 2% daily not on invested money, but from real profits.

For quite a long time, I earn money with the help of these programs.
I don't have problems with money now, but there are heights that must be conquered . I get now up to 2G a day , and I started with funny 500 bucks.
Right now, I managed to catch a guaranteed variant to make a sharp rise . Turn to my web site to get additional info.

http://theblogmoney.com

 
At Jan 28, 2010, 6:09:00 PM , Anonymous Anonymous said...

Hello!
You may probably be very interested to know how one can manage to receive high yields on investments.
There is no need to invest much at first.
You may commense to get income with a sum that usually goes
on daily food, that's 20-100 dollars.
I have been participating in one project for several years,
and I'm ready to share my secrets at my blog.

Please visit blog and send me private message to get the info.

P.S. I make 1000-2000 per day now.

http://theinvestblog.com [url=http://theinvestblog.com]Online Investment Blog[/url]

 
At Feb 19, 2010, 8:00:00 AM , Anonymous Anonymous said...

[COLOR="Red"][B]Click on the pictures to view in full size[/B][/COLOR]

[URL=http://www.wallpaperhungama.in/details.php?image_id=13383][IMG]http://www.wallpaperhungama.in/data/thumbnails/11/Katrina Kaif-314.jpg[/IMG][/URL]

[URL=http://www.wallpaperhungama.in/details.php?image_id=8825][IMG]http://www.wallpaperhungama.in/data/thumbnails/11/Katrina Kaif-309.jpg[/IMG][/URL]

[URL=http://www.wallpaperhungama.in/details.php?image_id=8822][IMG]http://www.wallpaperhungama.in/data/thumbnails/11/Katrina Kaif-306.jpg[/IMG][/URL]

[URL=http://www.wallpaperhungama.in/details.php?image_id=4238][IMG]http://www.wallpaperhungama.in/data/thumbnails/11/Katrina_Kaif-99.jpg[/IMG][/URL]


[url=http://www.wallpaperhungama.in/cat-Asin-32.htm][b]Katrina Kaif Hot Wallpapers[/b][/url]

Photo gallery at t WallpaperHungama.in is dedicated to Katrina Kaif Pictures. Click on the thumbnails for enlarged Katrina Kaif pictures, intimate photographs and absolute photos. Also check out other Pictures Gallery representing Turbulent property and Strong Resolution appearance scans, movie captures, movie promos, wallpapers, hollywood & bollywood pictures, photos of actresses and celebrities

 
At Mar 12, 2010, 10:58:00 PM , Anonymous Anonymous said...

Hi everybody!

Sure, you’ve heard about me, because my fame is running in front of me,
my name is Peter.
Generally I’m a venturesome gambler. recently I take a great interest in online-casino and poker.
Not long time ago I started my own blog, where I describe my virtual adventures.
Probably, it will be interesting for you to find out about my progress.
Please visit my web site. http://allbestcasino.com I’ll be glad would you find time to leave your opinion.

 

Post a Comment

Subscribe to Post Comments [Atom]

<< Home