Thursday 15 November 2012

A Not Really Fictitious Success Story of An India Software Consulting Firm

There are many examples of IT start ups that achieved multimillion market capitalization overnight, and while one can relatively rarely invest in an India software consulting firm listed on a Western stock exchange, smart foreign investors injected billions of dollars into India-based enterprises that are involved in IT-related businesses.

The story of a fictional software consulting company established in India, can be tracked to a couple of decades ago when a wave of well-educated professionals started providing outsourced services to foreign-based enterprises. The global economy was on the rise, Western corporations sat on bags of cash, and entrepreneurs realized that the future lies with a set of new technologies that include computing, mobile devices, and emerging online opportunities. Leading universities and research centers in the Western world set the stage for the outbreak of technologies that were destined to change the shape of entire markets, to wipe out old business practices and introduce a brave new world where technology is king.

So, an India-based company has been established in, say, New Delhi, to provide software consulting services to a growing number of local enterprises which rapidly realized that in order to survive in this new reality they have to invest first in knowledge-based economical endeavors and then to look for foreign investors and customers that are in need of high-tech services but cannot afford to spend heavily on their respective home market.

The problem is that IT consulting and software development services require beforehand investment as well as patience and continuous efforts to build and develop relevant infrastructure, gain knowledge, and sustain an acceptable quality to pricing ratio in the mean time. The solution was to compete for outsourced projects that initially did not require advanced skills but helped India-based software consultants in gaining the required experience and know-how that enabled those firms to further advance their service portfolio and start providing services to complex software consulting projects. In the course of a decade, India's software consultancies established themselves as a leading market maker in the region, gradually setting foot in foreign markets through a constant flow of research and development projects which, at the end, resulted in the establishing of R&D facilities and centers that are now amongst the world-leading.

Indirectly backed by government investment programs in the field of technology infrastructure and technologies as a whole, the India software consulting firm we follow gained local reputation and then moved on to seek cooperation with multinational corporations. At that time, the world economy was shrinking, and enterprises was eager to outsource costly services overseas to reduce the burden of investment in technology, software consulting services including. Thus, our India-based company was fortunate to gain access to technologies and IT projects that have been previously available mainly to Western software consultants.

Like it or not, but the above developments resulted in an India software consulting firm being able to compete on equal terms with foreign counterparts and provide world-class service in the field of IT consulting.


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  4. Your not-so-fictitious story is a good one that could chart the rise of many global Indian tech firms like HCL, for example.

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